Loom Network (LOOM)

Current price: $ 0.12

24 hours price change: $ -0.01 (-8.36%)

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 October 27th, 2021 to November 27th, 2021.

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 10/27/2021 and 11/27/2021.

According to the performance of Loom Network between October 27th, 2021 and November 27th, 2021, Loom Network performed the best on Sundays. On average, the price of Loom Network increased 7.06% on Sunday.

The weekday on which the Loom Network performed the worst, is Monday. On Mondays, the Loom Network declined in value on average by -2.75%.

Loom Network weekday performance

The increase in value of the Loom Network is 7.06% on an average Sunday. However, the uncertainty on the average change is high for the Loom Network on Sundays. This is the reason why an expected increase of the Loom Network on an average Sunday cannot be predicted. The standard deviation for Loom Network on Sundays is high, namely 10.76%. This means that the expected range of value change for the Loom Network is -3.70% and 17.81% on 68% of the Sundays.

The Loom Network declines in value on an average Monday with -2.75%. However, the uncertainty (or standard deviation) is quite large, namely 3.92%. This means that it is not possible to say whether on a regular Monday the Loom Network will increase or decrease in value.

On Tuesdays, the Loom Network decreases in value on average with -0.95%. On most of the Tuesdays the Loom Network decreases in value between -3.14% and 1.25%. The uncertainty (2.19%) is higher than the average decline percentage (-0.95%). Therefore, expected range of price changes of the Loom Network on Tuesdays is large.

Loom Network increased in value on an average Wednesday only slightly. The average increase in value of the Loom Network was 0.21%. 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 (2.28%). 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 -2.07% and 2.48%.

The Loom Network declines in value on an average Thursday with -2.03%. However, the uncertainty (or standard deviation) is quite large, namely 6.64%. This means that it is not possible to say whether on a regular Thursday the Loom Network will increase or decrease in value.

On an average Friday, the Loom Network increased 0.44%. However, since the expected deviation is 2.09%, 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 -1.65% and 2.53%.

On an average Saturday the Loom Network shows an increase in value of 1.42%. However, the change of Loom Network on most of the Saturdays is between -0.01% and 2.86%. Therefore it is hard to tell whether an average Saturday is a good day to start buying Loom Networks.

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 7.06% 10.76% -3.70% to 17.81%
Monday -2.75% 3.92% -6.68% to 1.17%
Tuesday -0.95% 2.19% -3.14% to 1.25%
Wednesday 0.21% 2.28% -2.07% to 2.48%
Thursday -2.03% 6.64% -8.68% to 4.61%
Friday 0.44% 2.09% -1.65% to 2.53%
Saturday 1.42% 1.44% -0.01% to 2.86%
 

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