Loom Network (LOOM)

Current price: $ 0.03

24 hours price change: $ 0.000949 (3.62%)

Daily analysis of Loom Network (LOOM) - 1 month

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 1 month, starting on November 1st, 2020 to November 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 11/01/2020 and 11/30/2020.

According to the performance of Loom Network between November 1st, 2020 and November 30th, 2020, Loom Network performed the best on Mondays. On average, the price of Loom Network increased 7.13% on Monday.

The weekday on which the Loom Network performed the worst, is Tuesday. On Tuesdays, the Loom Network declined in value on average by -2.14%.

Loom Network weekday performance

On an average Sunday the Loom Network shows an increase in value of 1.15%. However, the change of Loom Network on most of the Sundays is between -1.30% and 3.59%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Loom Networks.

The increase in value of the Loom Network is 7.13% on an average Monday. However, the uncertainty on the average change is high for the Loom Network on Mondays. This is the reason why an expected increase of the Loom Network on an average Monday cannot be predicted. The standard deviation for Loom Network on Mondays is high, namely 15.53%. This means that the expected range of value change for the Loom Network is -8.40% and 22.66% on 68% of the Mondays.

The Loom Network declines in value on an average Tuesday with -2.14%. However, the uncertainty (or standard deviation) is quite large, namely 3.46%. This means that it is not possible to say whether on a regular Tuesday the Loom Network will increase or decrease in value.

On Wednesdays, the average increase of the value of the Loom Network is very high. The average increase is 4.18%. The standard deviation of the Loom Network on Wednesdays is 3.56%. This means that on 68% of the Wednesdays, the Loom Network increases between 0.63% and 7.74%. The uncertainty is therefore not very high, since on most Wednesdays, the value of the Loom Network will increase.

The Loom Network declines in value on an average Thursday with -1.12%. However, the uncertainty (or standard deviation) is quite large, namely 2.58%. This means that it is not possible to say whether on a regular Thursday the Loom Network will increase or decrease in value.

The Loom Network declines in value on an average Friday with -1.15%. However, the uncertainty (or standard deviation) is quite large, namely 1.63%. This means that it is not possible to say whether on a regular Friday the Loom Network will increase or decrease in value.

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 -0.28%. However, the standard deviation on this weekday is 1.12%. This means that on most Saturdays, the change in value of the Loom Network is between -1.40% and 0.84%.

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 1.15% 2.44% -1.30% to 3.59%
Monday 7.13% 15.53% -8.40% to 22.66%
Tuesday -2.14% 3.46% -5.60% to 1.32%
Wednesday 4.18% 3.56% 0.63% to 7.74%
Thursday -1.12% 2.58% -3.71% to 1.46%
Friday -1.15% 1.63% -2.78% to 0.48%
Saturday -0.28% 1.12% -1.40% to 0.84%
 

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