Loom Network (LOOM)

Current price: $ 0.02

24 hours price change: $ -0.000364 (-2.22%)

Daily analysis of Loom Network (LOOM) - 1 year

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 year, starting on April 8th, 2019 to April 7th, 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 04/08/2019 and 04/07/2020.

According to the performance of Loom Network between April 8th, 2019 and April 7th, 2020, Loom Network performed the best on Fridays. On average, the price of Loom Network increased 0.34% on Friday.

The weekday on which the Loom Network performed the worst, is Monday. On Mondays, the Loom Network declined in value on average by -1.11%.

Loom Network weekday performance

Loom Network increased in value on an average Sunday only slightly. The average increase in value of the Loom Network was 0.20%. 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 (3.00%). This means that on 68 percent of the Sundays, the change in price of the Loom Network is expected to be in the range of -2.80% and 3.20%.

The Loom Network declines in value on an average Monday with -1.11%. However, the uncertainty (or standard deviation) is quite large, namely 4.13%. This means that it is not possible to say whether on a regular Monday the Loom Network will increase or decrease in value.

Loom Network increased in value on an average Tuesday only slightly. The average increase in value of the Loom Network was 0.26%. 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 (6.46%). 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 -6.20% and 6.72%.

The Loom Network declines in value on an average Wednesday with -1.02%. However, the uncertainty (or standard deviation) is quite large, namely 4.50%. This means that it is not possible to say whether on a regular Wednesday the Loom Network will increase or decrease in value.

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 -0.01%. However, the standard deviation on this weekday is 7.03%. This means that on most Thursdays, the change in value of the Loom Network is between -7.03% and 7.02%.

On an average Friday, the Loom Network increased 0.34%. However, since the expected deviation is 3.15%, the Loom Network will decline in value on a Friday quiet regularly. The expected price change of the Loom Network on a Friday is between -2.81% and 3.49%.

Allthough the Loom Network decreases in value with -0.41% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of Loom Network on Saturdays is 4.82%. This means that the expected change of the value of Loom Network is between -5.23% and 4.40% 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 0.20% 3.00% -2.80% to 3.20%
Monday -1.11% 4.13% -5.25% to 3.02%
Tuesday 0.26% 6.46% -6.20% to 6.72%
Wednesday -1.02% 4.50% -5.52% to 3.48%
Thursday -0.01% 7.03% -7.03% to 7.02%
Friday 0.34% 3.15% -2.81% to 3.49%
Saturday -0.41% 4.82% -5.23% to 4.40%
 

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