Loom Network (LOOM)

Current price: $ 0.02

24 hours price change: $ 0.001084 (4.64%)

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 14th, 2019.

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 10/14/2019.

According to the performance of Loom Network between March 28th, 2018 and October 14th, 2019, Loom Network performed the best on Thursdays. On average, the price of Loom Network increased 0.95% 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 -0.87%.

Loom Network weekday performance

Allthough the Loom Network decreases in value with -0.49% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Loom Network on Sundays is 7.11%. This means that the expected change of the value of Loom Network is between -7.59% and 6.62% on 68 out of 100 Sundays.

On Mondays, the Loom Network decreases in value on average with -0.87%. On most of the Mondays the Loom Network decreases in value between -7.32% and 5.58%. The uncertainty (6.45%) is higher than the average decline percentage (-0.87%). Therefore, expected range of price changes of the Loom Network on Mondays is large.

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 -0.08%. However, the standard deviation on this weekday is 9.27%. This means that on most Tuesdays, the change in value of the Loom Network is between -9.35% and 9.19%.

On an average Wednesday, the Loom Network increased 0.40%. However, since the expected deviation is 10.26%, the Loom Network will decline in value on a Wednesday quiet regularly. The expected price change of the Loom Network on a Wednesday is between -9.86% and 10.66%.

Historical performance on Thursday do not show an increase in value of the Loom Network on which a prediction can be made. The Loom Network increased in value on average on an average Thursday with 0.95%. However, the uncertainty of this increase is high. The expected change in value of the Loom Network on a Thursday is between -6.83% and 8.72% (see also the table below).

On an average Friday, the Loom Network increased 0.55%. However, since the expected deviation is 5.48%, 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 -4.92% and 6.03%.

It is hard to tell whether the Loom Network will increase or decrease in value on an average Saturday. The average change on a Saturday for the Loom Network is -0.27%. However, the standard deviation on this weekday is 5.66%. This means that on most Saturdays, the change in value of the Loom Network is between -5.93% and 5.38%.

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 -0.49% 7.11% -7.59% to 6.62%
Monday -0.87% 6.45% -7.32% to 5.58%
Tuesday -0.08% 9.27% -9.35% to 9.19%
Wednesday 0.40% 10.26% -9.86% to 10.66%
Thursday 0.95% 7.78% -6.83% to 8.72%
Friday 0.55% 5.48% -4.92% to 6.03%
Saturday -0.27% 5.66% -5.93% to 5.38%