Loom Network (LOOM)

Current price: $ 0.09

24 hours price change: $ -0.002729 (-3.10%)

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 August 1st, 2020 to August 1st, 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 08/01/2020 and 08/01/2021.

According to the performance of Loom Network between August 1st, 2020 and August 1st, 2021, Loom Network performed the best on Mondays. On average, the price of Loom Network increased 1.36% on Monday.

The weekday on which the Loom Network performed the worst, is Tuesday. On Tuesdays, the Loom Network declined in value on average by -0.18%.

Loom Network weekday performance

On an average Sunday the Loom Network shows an increase in value of 1.15%. However, the change of Loom Network on most of the Sundays is between -4.72% and 7.01%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Loom Networks.

On an average Monday the Loom Network shows an increase in value of 1.36%. However, the change of Loom Network on most of the Mondays is between -5.04% and 7.76%. Therefore it is hard to tell whether an average Monday is a good day to start buying Loom Networks.

It is hard to tell whether the Loom Network will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Loom Network is -0.18%. However, the standard deviation on this weekday is 3.13%. This means that on most Tuesdays, the change in value of the Loom Network is between -3.31% and 2.95%.

On an average Wednesday, the Loom Network increased 0.55%. However, since the expected deviation is 4.18%, the Loom Network will decline in value on a Wednesday quiet regularly. The expected price change of the Loom Network on a Wednesday is between -3.62% and 4.73%.

On an average Thursday, the Loom Network increased 0.51%. However, since the expected deviation is 2.27%, the Loom Network will decline in value on a Thursday quiet regularly. The expected price change of the Loom Network on a Thursday is between -1.75% and 2.78%.

Loom Network increased in value on an average Friday 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 (5.43%). 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 -5.19% and 5.66%.

On an average Saturday, the Loom Network increased 0.38%. However, since the expected deviation is 3.98%, the Loom Network will decline in value on a Saturday quiet regularly. The expected price change of the Loom Network on a Saturday is between -3.60% and 4.36%.

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 1.15% 5.87% -4.72% to 7.01%
Monday 1.36% 6.40% -5.04% to 7.76%
Tuesday -0.18% 3.13% -3.31% to 2.95%
Wednesday 0.55% 4.18% -3.62% to 4.73%
Thursday 0.51% 2.27% -1.75% to 2.78%
Friday 0.23% 5.43% -5.19% to 5.66%
Saturday 0.38% 3.98% -3.60% to 4.36%
 

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