Loom Network (LOOM)

Current price: $ 0.05

24 hours price change: $ -0.001258 (-2.29%)

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 January 9th, 2023 to February 9th, 2023.

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 01/09/2023 and 02/09/2023.

According to the performance of Loom Network between January 9th, 2023 and February 9th, 2023, Loom Network performed the best on Wednesdays. On average, the price of Loom Network increased 0.47% on Wednesday.

The weekday on which the Loom Network performed the worst, is Tuesday. On Tuesdays, the Loom Network declined in value on average by -0.72%.

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 -0.06%. However, the standard deviation on this weekday is 1.46%. This means that on most Sundays, the change in value of the Loom Network is between -1.52% and 1.39%.

It is hard to tell whether the Loom Network will increase or decrease in value on an average Monday. The average change on a Monday for the Loom Network is -0.05%. However, the standard deviation on this weekday is 0.21%. This means that on most Mondays, the change in value of the Loom Network is between -0.25% and 0.16%.

On Tuesdays, the Loom Network decreases in value on average with -0.72%. On most of the Tuesdays the Loom Network decreases in value between -2.23% and 0.78%. The uncertainty (1.50%) is higher than the average decline percentage (-0.72%). Therefore, expected range of price changes of the Loom Network on Tuesdays is large.

On an average Wednesday, the Loom Network increased 0.47%. However, since the expected deviation is 1.06%, 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 -0.60% and 1.53%.

It is hard to tell whether the Loom Network will increase or decrease in value on an average Thursday. The average change on a Thursday for the Loom Network is -0.30%. However, the standard deviation on this weekday is 1.37%. This means that on most Thursdays, the change in value of the Loom Network is between -1.67% and 1.07%.

Allthough the Loom Network decreases in value with -0.53% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Loom Network on Fridays is 1.55%. This means that the expected change of the value of Loom Network is between -2.07% and 1.02% on 68 out of 100 Fridays.

Allthough the Loom Network decreases in value with -0.44% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of Loom Network on Saturdays is 1.28%. This means that the expected change of the value of Loom Network is between -1.72% and 0.84% on 68 out of 100 Saturdays.

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 -0.06% 1.46% -1.52% to 1.39%
Monday -0.05% 0.21% -0.25% to 0.16%
Tuesday -0.72% 1.50% -2.23% to 0.78%
Wednesday 0.47% 1.06% -0.60% to 1.53%
Thursday -0.30% 1.37% -1.67% to 1.07%
Friday -0.53% 1.55% -2.07% to 1.02%
Saturday -0.44% 1.28% -1.72% to 0.84%
 

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