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 December 1st, 2022 to December 1st, 2023.
In the barchart below, the weekdays and average performance of Loom Network are shown side by side.
According to the performance of Loom Network between December 1st, 2022 and December 1st, 2023, Loom Network performed the best on Wednesdays. On average, the price of Loom Network increased 0.34% on Wednesday.
The weekday on which the Loom Network performed the worst, is Sunday. On Sundays, the Loom Network declined in value on average by -0.32%.
Loom Network weekday performance
Allthough the Loom Network decreases in value with -0.32% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Loom Network on Sundays is 1.64%. This means that the expected change of the value of Loom Network is between -1.96% and 1.32% on 68 out of 100 Sundays.
It is hard to tell whether the Loom Network will increase or decrease in value on an average Monday. The average change on a Monday for the Loom Network is -0.08%. However, the standard deviation on this weekday is 1.06%. This means that on most Mondays, the change in value of the Loom Network is between -1.14% and 0.98%.
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 0.00%. However, the standard deviation on this weekday is 0.95%. This means that on most Tuesdays, the change in value of the Loom Network is between -0.95% and 0.95%.
On an average Wednesday, the Loom Network increased 0.34%. However, since the expected deviation is 1.57%, 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 -1.23% and 1.91%.
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 -0.13%. However, the standard deviation on this weekday is 1.57%. This means that on most Thursdays, the change in value of the Loom Network is between -1.70% and 1.44%.
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 -0.01%. However, the standard deviation on this weekday is 1.69%. This means that on most Fridays, the change in value of the Loom Network is between -1.70% and 1.67%.
Loom Network increased in value on an average Saturday only slightly. The average increase in value of the Loom Network was 0.29%. 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 (1.75%). 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 -1.46% and 2.04%.
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 | -0.32% | 1.64% | -1.96% to 1.32% |
| Monday | -0.08% | 1.06% | -1.14% to 0.98% |
| Tuesday | 0.00% | 0.95% | -0.95% to 0.95% |
| Wednesday | 0.34% | 1.57% | -1.23% to 1.91% |
| Thursday | -0.13% | 1.57% | -1.70% to 1.44% |
| Friday | -0.01% | 1.69% | -1.70% to 1.67% |
| Saturday | 0.29% | 1.75% | -1.46% to 2.04% |