Loom Network (LOOM)

Current price: $ 0.10

24 hours price change: $ 0.004164 (4.14%)

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 February 1st, 2024 to March 1st, 2024.

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 02/01/2024 and 03/01/2024.

According to the performance of Loom Network between February 1st, 2024 and March 1st, 2024, Loom Network performed the best on Tuesdays. On average, the price of Loom Network increased 0.48% on Tuesday.

The weekday on which the Loom Network performed the worst, is Sunday. On Sundays, the Loom Network declined in value on average by -0.89%.

Loom Network weekday performance

On Sundays, the Loom Network decreases in value on average with -0.89%. On most of the Sundays the Loom Network decreases in value between -1.97% and 0.20%. The uncertainty (1.08%) is higher than the average decline percentage (-0.89%). Therefore, expected range of price changes of the Loom Network on Sundays is large.

On an average Monday, the Loom Network increased 0.33%. However, since the expected deviation is 2.08%, the Loom Network will decline in value on a Monday quiet regularly. The expected price change of the Loom Network on a Monday is between -1.75% and 2.41%.

On an average Tuesday, the Loom Network increased 0.48%. However, since the expected deviation is 1.30%, the Loom Network will decline in value on a Tuesday quiet regularly. The expected price change of the Loom Network on a Tuesday is between -0.83% and 1.78%.

It is hard to tell whether the Loom Network will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Loom Network is -0.08%. However, the standard deviation on this weekday is 2.07%. This means that on most Wednesdays, the change in value of the Loom Network is between -2.14% and 1.99%.

On Thursdays, the Loom Network decreases in value on average with -0.78%. On most of the Thursdays the Loom Network decreases in value between -3.05% and 1.49%. The uncertainty (2.27%) is higher than the average decline percentage (-0.78%). Therefore, expected range of price changes of the Loom Network on Thursdays is large.

Allthough the Loom Network decreases in value with -0.57% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Loom Network on Fridays is 1.44%. This means that the expected change of the value of Loom Network is between -2.01% and 0.88% on 68 out of 100 Fridays.

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 -0.23%. However, the standard deviation on this weekday is 0.33%. This means that on most Saturdays, the change in value of the Loom Network is between -0.56% and 0.09%.

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 -0.89% 1.08% -1.97% to 0.20%
Monday 0.33% 2.08% -1.75% to 2.41%
Tuesday 0.48% 1.30% -0.83% to 1.78%
Wednesday -0.08% 2.07% -2.14% to 1.99%
Thursday -0.78% 2.27% -3.05% to 1.49%
Friday -0.57% 1.44% -2.01% to 0.88%
Saturday -0.23% 0.33% -0.56% to 0.09%
 

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