Loom Network (LOOM)

Current price: $ 0.02

24 hours price change: $ -0.000413 (-2.36%)

Daily analysis of Loom Network (LOOM) - all

The performance of Loom Network regarding the price differs every day. To make the best decision to buy Loom Network, we are analysis in this article the performance of Loom Network on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last years, starting on March 28th, 2018 to October 30th, 2020.

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

Average daily change in price of Loom Network per weekday between 03/28/2018 and 10/30/2020.

According to the performance of Loom Network between March 28th, 2018 and October 30th, 2020, Loom Network performed the best on Thursdays. On average, the price of Loom Network increased 0.31% on Thursday.

The weekday on which the Loom Network performed the worst, is Monday. On Mondays, the Loom Network declined in value on average by -0.51%.

Loom Network weekday performance

It is hard to tell whether the Loom Network will increase or decrease in value on an average Sunday. The average change on a Sunday for the Loom Network is -0.28%. However, the standard deviation on this weekday is 5.55%. This means that on most Sundays, the change in value of the Loom Network is between -5.82% and 5.27%.

Allthough the Loom Network decreases in value with -0.51% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Loom Network on Mondays is 5.06%. This means that the expected change of the value of Loom Network is between -5.57% and 4.55% on 68 out of 100 Mondays.

It is hard to tell whether the Loom Network will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Loom Network is -0.10%. However, the standard deviation on this weekday is 7.17%. This means that on most Tuesdays, the change in value of the Loom Network is between -7.26% and 7.07%.

Loom Network increased in value on an average Wednesday only slightly. The average increase in value of the Loom Network was 0.26%. Allthough the Loom Network closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (7.99%). This means that on 68 percent of the Wednesdays, the change in price of the Loom Network is expected to be in the range of -7.73% and 8.25%.

On an average Thursday, the Loom Network increased 0.31%. However, since the expected deviation is 7.25%, the Loom Network will decline in value on a Thursday quiet regularly. The expected price change of the Loom Network on a Thursday is between -6.94% and 7.56%.

On an average Friday, the Loom Network increased 0.30%. However, since the expected deviation is 4.28%, the Loom Network will decline in value on a Friday quiet regularly. The expected price change of the Loom Network on a Friday is between -3.98% and 4.59%.

Loom Network increased in value on an average Saturday only slightly. The average increase in value of the Loom Network was 0.00%. Allthough the Loom Network closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (4.85%). This means that on 68 percent of the Saturdays, the change in price of the Loom Network is expected to be in the range of -4.84% and 4.85%.

Loom Network weekday performance details

Find below the details of the performance of Loom Network 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 -0.28% 5.55% -5.82% to 5.27%
Monday -0.51% 5.06% -5.57% to 4.55%
Tuesday -0.10% 7.17% -7.26% to 7.07%
Wednesday 0.26% 7.99% -7.73% to 8.25%
Thursday 0.31% 7.25% -6.94% to 7.56%
Friday 0.30% 4.28% -3.98% to 4.59%
Saturday 0.00% 4.85% -4.84% to 4.85%
 

We use cookies on our website. Some of them are essential for the operation of the site, while others help us to improve this site and the user experience (tracking cookies). You can decide for yourself whether you want to allow cookies or not. Please note that if you reject them, you may not be able to use all the functionalities of the site.