Loom Network (LOOM)

Current price: $ 0.02

24 hours price change: $ -0.000241 (-1.06%)

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 September 22nd, 2019 to October 22nd, 2019.

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 09/22/2019 and 10/22/2019.

According to the performance of Loom Network between September 22nd, 2019 and October 22nd, 2019, Loom Network performed the best on Tuesdays. On average, the price of Loom Network increased 7.43% on Tuesday.

The weekday on which the Loom Network performed the worst, is Saturday. On Saturdays, the Loom Network declined in value on average by -2.20%.

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 -0.02%. However, the standard deviation on this weekday is 1.74%. This means that on most Sundays, the change in value of the Loom Network is between -1.76% and 1.72%.

The Loom Network declines in value on an average Monday with -1.93%. However, the uncertainty (or standard deviation) is quite large, namely 4.01%. This means that it is not possible to say whether on a regular Monday the Loom Network will increase or decrease in value.

The increase in value of the Loom Network is 7.43% on an average Tuesday. However, the uncertainty on the average change is high for the Loom Network on Tuesdays. This is the reason why an expected increase of the Loom Network on an average Tuesday cannot be predicted. The standard deviation for Loom Network on Tuesdays is high, namely 14.40%. This means that the expected range of value change for the Loom Network is -6.97% and 21.83% on 68% of the Tuesdays.

The increase in value of the Loom Network is 4.24% on an average Wednesday. However, the uncertainty on the average change is high for the Loom Network on Wednesdays. This is the reason why an expected increase of the Loom Network on an average Wednesday cannot be predicted. The standard deviation for Loom Network on Wednesdays is high, namely 5.28%. This means that the expected range of value change for the Loom Network is -1.04% and 9.51% on 68% of the Wednesdays.

On Thursdays, the Loom Network decreases in value on average with -0.83%. On most of the Thursdays the Loom Network decreases in value between -2.91% and 1.24%. The uncertainty (2.07%) is higher than the average decline percentage (-0.83%). Therefore, expected range of price changes of the Loom Network on Thursdays is large.

Loom Network increased in value on an average Friday only slightly. The average increase in value of the Loom Network was 0.25%. 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 (0.33%). This means that on 68 percent of the Fridays, the change in price of the Loom Network is expected to be in the range of -0.08% and 0.58%.

The Loom Network declines in value on an average Saturday with -2.20%. However, the uncertainty (or standard deviation) is quite large, namely 4.02%. This means that it is not possible to say whether on a regular Saturday the Loom Network will increase or decrease in value.

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 -0.02% 1.74% -1.76% to 1.72%
Monday -1.93% 4.01% -5.95% to 2.08%
Tuesday 7.43% 14.40% -6.97% to 21.83%
Wednesday 4.24% 5.28% -1.04% to 9.51%
Thursday -0.83% 2.07% -2.91% to 1.24%
Friday 0.25% 0.33% -0.08% to 0.58%
Saturday -2.20% 4.02% -6.22% to 1.82%