Loom Network (LOOM)

Current price: $ 0.02

24 hours price change: $ 0.000167 (0.97%)

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 December 25th, 2019 to January 24th, 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 12/25/2019 and 01/24/2020.

According to the performance of Loom Network between December 25th, 2019 and January 24th, 2020, Loom Network performed the best on Mondays. On average, the price of Loom Network increased 1.02% on Monday.

The weekday on which the Loom Network performed the worst, is Sunday. On Sundays, the Loom Network declined in value on average by -0.55%.

Loom Network weekday performance

Allthough the Loom Network decreases in value with -0.55% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Loom Network on Sundays is 0.27%. This means that the expected change of the value of Loom Network is between -0.82% and -0.28% on 68 out of 100 Sundays.

On an average Monday the Loom Network shows a high increase in value, namely 1.02%. The standard deviation is below the average increase percentage (standard deviation is 0.84%), meaning that on 68% of the Mondays the Loom Network will increase with a percentage between 0.18% and 1.86%. This also means that, on average, on 16 percent of the Mondays, the Loom Network will increase with a percentage above this range. On the other 16% of the Mondays, the Loom Network will change with a percentage below the 0.18%.

Loom Network increased in value on an average Tuesday only slightly. The average increase in value of the Loom Network was 0.07%. 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 (0.98%). This means that on 68 percent of the Tuesdays, the change in price of the Loom Network is expected to be in the range of -0.91% and 1.05%.

Allthough the Loom Network decreases in value with -0.37% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Loom Network on Wednesdays is 0.44%. This means that the expected change of the value of Loom Network is between -0.80% and 0.07% on 68 out of 100 Wednesdays.

Allthough the Loom Network decreases in value with -0.32% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Loom Network on Thursdays is 0.54%. This means that the expected change of the value of Loom Network is between -0.86% and 0.23% on 68 out of 100 Thursdays.

It is hard to tell whether the Loom Network will increase or decrease in value on an average Friday. The average change on a Friday for the Loom Network is -0.27%. However, the standard deviation on this weekday is 1.51%. This means that on most Fridays, the change in value of the Loom Network is between -1.78% and 1.24%.

Loom Network increased in value on an average Saturday only slightly. The average increase in value of the Loom Network was 0.23%. 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 (0.91%). This means that on 68 percent of the Saturdays, the change in price of the Loom Network is expected to be in the range of -0.68% and 1.13%.

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 -0.55% 0.27% -0.82% to -0.28%
Monday 1.02% 0.84% 0.18% to 1.86%
Tuesday 0.07% 0.98% -0.91% to 1.05%
Wednesday -0.37% 0.44% -0.80% to 0.07%
Thursday -0.32% 0.54% -0.86% to 0.23%
Friday -0.27% 1.51% -1.78% to 1.24%
Saturday 0.23% 0.91% -0.68% to 1.13%
 

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