Beam (BEAM)

Current price: $ 1.43

24 hours price change: $ -0.36 (-20.04%)

Daily analysis of Beam (BEAM) - 6 months

The performance of Beam regarding the price differs every day. To make the best decision to buy Beam, we are analysis in this article the performance of Beam on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 6 months, starting on October 20th, 2020 to April 20th, 2021.

In the barchart below, the weekdays and average performance of Beam are shown side by side.

Average daily change in price of Beam per weekday between 10/20/2020 and 04/20/2021.

According to the performance of Beam between October 20th, 2020 and April 20th, 2021, Beam performed the best on Saturdays. On average, the price of Beam increased 1.32% on Saturday.

The weekday on which the Beam performed the worst, is Wednesday. On Wednesdays, the Beam declined in value on average by -0.67%.

Beam weekday performance

On an average Sunday, the Beam increased 0.33%. However, since the expected deviation is 4.63%, the Beam will decline in value on a Sunday quiet regularly. The expected price change of the Beam on a Sunday is between -4.30% and 4.96%.

Beam increased in value on an average Monday only slightly. The average increase in value of the Beam was 0.29%. Allthough the Beam closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (3.00%). This means that on 68 percent of the Mondays, the change in price of the Beam is expected to be in the range of -2.71% and 3.29%.

On an average Tuesday the Beam shows an increase in value of 1.16%. However, the change of Beam on most of the Tuesdays is between -3.00% and 5.32%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Beams.

On Wednesdays, the Beam decreases in value on average with -0.67%. On most of the Wednesdays the Beam decreases in value between -4.49% and 3.16%. The uncertainty (3.82%) is higher than the average decline percentage (-0.67%). Therefore, expected range of price changes of the Beam on Wednesdays is large.

Beam increased in value on an average Thursday only slightly. The average increase in value of the Beam was 0.23%. Allthough the Beam closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (1.77%). This means that on 68 percent of the Thursdays, the change in price of the Beam is expected to be in the range of -1.54% and 1.99%.

Beam increased in value on an average Friday only slightly. The average increase in value of the Beam was 0.14%. Allthough the Beam closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (3.46%). This means that on 68 percent of the Fridays, the change in price of the Beam is expected to be in the range of -3.32% and 3.60%.

On an average Saturday the Beam shows an increase in value of 1.32%. However, the change of Beam on most of the Saturdays is between -2.39% and 5.03%. Therefore it is hard to tell whether an average Saturday is a good day to start buying Beams.

Beam weekday performance details

Find below the details of the performance of Beam per day of the week. Both the average change in percentage and the standard deviation. The higher the standard deviation is, the higher the variation within the range of average change. Therefore, the 68% range has been added, which represents the change in price on 68% of the days.

Weekday Average change (%) Standard deviation (%) 68% range
Sunday 0.33% 4.63% -4.30% to 4.96%
Monday 0.29% 3.00% -2.71% to 3.29%
Tuesday 1.16% 4.16% -3.00% to 5.32%
Wednesday -0.67% 3.82% -4.49% to 3.16%
Thursday 0.23% 1.77% -1.54% to 1.99%
Friday 0.14% 3.46% -3.32% to 3.60%
Saturday 1.32% 3.71% -2.39% to 5.03%
 

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