Loom Network (LOOM)

Current price: $ 0.11

24 hours price change: $ 0.002967 (2.87%)

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 April 18th, 2021 to May 18th, 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 04/18/2021 and 05/18/2021.

According to the performance of Loom Network between April 18th, 2021 and May 18th, 2021, Loom Network performed the best on Mondays. On average, the price of Loom Network increased 3.50% on Monday.

The weekday on which the Loom Network performed the worst, is Wednesday. On Wednesdays, the Loom Network rose in value on average by 0.05%. The price still increased on Wednesdays, allthough it was the smallest increase of all days on average.

Loom Network weekday performance

On an average Sunday the Loom Network shows an increase in value of 2.30%. However, the change of Loom Network on most of the Sundays is between -1.59% and 6.19%. 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 3.50% 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 6.51%. This means that the expected range of value change for the Loom Network is -3.02% and 10.01% on 68% of the Mondays.

On an average Tuesday the Loom Network shows an increase in value of 1.43%. However, the change of Loom Network on most of the Tuesdays is between -0.89% and 3.74%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Loom Networks.

Loom Network increased in value on an average Wednesday only slightly. The average increase in value of the Loom Network was 0.05%. 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 (1.95%). 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 -1.90% and 2.01%.

Historical performance on Thursday do not show an increase in value of the Loom Network on which a prediction can be made. The Loom Network increased in value on average on an average Thursday with 0.81%. However, the uncertainty of this increase is high. The expected change in value of the Loom Network on a Thursday is between -1.23% and 2.85% (see also the table below).

On an average Friday the Loom Network shows a high increase in value, namely 1.45%. The standard deviation is below the average increase percentage (standard deviation is 1.38%), meaning that on 68% of the Fridays the Loom Network will increase with a percentage between 0.07% and 2.83%. This also means that, on average, on 16 percent of the Fridays, the Loom Network will increase with a percentage above this range. On the other 16% of the Fridays, the Loom Network will change with a percentage below the 0.07%.

Historical performance on Saturday do not show an increase in value of the Loom Network on which a prediction can be made. The Loom Network increased in value on average on an average Saturday with 0.82%. However, the uncertainty of this increase is high. The expected change in value of the Loom Network on a Saturday is between -1.06% and 2.69% (see also the table below).

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 2.30% 3.89% -1.59% to 6.19%
Monday 3.50% 6.51% -3.02% to 10.01%
Tuesday 1.43% 2.31% -0.89% to 3.74%
Wednesday 0.05% 1.95% -1.90% to 2.01%
Thursday 0.81% 2.04% -1.23% to 2.85%
Friday 1.45% 1.38% 0.07% to 2.83%
Saturday 0.82% 1.88% -1.06% to 2.69%
 

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