Loom Network (LOOM)

Current price: $ 0.03

24 hours price change: $ 0.000759 (2.90%)

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 December 1st, 2019 to November 30th, 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 12/01/2019 and 11/30/2020.

According to the performance of Loom Network between December 1st, 2019 and November 30th, 2020, Loom Network performed the best on Mondays. On average, the price of Loom Network increased 0.69% on Monday.

The weekday on which the Loom Network performed the worst, is Thursday. On Thursdays, the Loom Network declined in value on average by -0.79%.

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 0.13%. 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 (1.28%). 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 -1.14% and 1.41%.

Historical performance on Monday 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 Monday with 0.69%. However, the uncertainty of this increase is high. The expected change in value of the Loom Network on a Monday is between -4.57% and 5.95% (see also the table below).

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 -0.26%. However, the standard deviation on this weekday is 1.56%. This means that on most Tuesdays, the change in value of the Loom Network is between -1.81% and 1.30%.

On an average Wednesday, the Loom Network increased 0.32%. However, since the expected deviation is 2.21%, 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 -1.89% and 2.54%.

On Thursdays, the Loom Network decreases in value on average with -0.79%. On most of the Thursdays the Loom Network decreases in value between -7.27% and 5.69%. The uncertainty (6.48%) is higher than the average decline percentage (-0.79%). Therefore, expected range of price changes of the Loom Network on Thursdays is large.

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 -0.23%. However, the standard deviation on this weekday is 1.04%. This means that on most Fridays, the change in value of the Loom Network is between -1.28% and 0.81%.

On an average Saturday, the Loom Network increased 0.40%. However, since the expected deviation is 3.29%, 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 -2.89% and 3.69%.

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 0.13% 1.28% -1.14% to 1.41%
Monday 0.69% 5.26% -4.57% to 5.95%
Tuesday -0.26% 1.56% -1.81% to 1.30%
Wednesday 0.32% 2.21% -1.89% to 2.54%
Thursday -0.79% 6.48% -7.27% to 5.69%
Friday -0.23% 1.04% -1.28% to 0.81%
Saturday 0.40% 3.29% -2.89% to 3.69%
 

We use cookies on our website. Some of them are essential for the operation of the site, while others help us to improve this site and the user experience (tracking cookies). You can decide for yourself whether you want to allow cookies or not. Please note that if you reject them, you may not be able to use all the functionalities of the site.