Loom Network (LOOM)

Current price: $ 0.05

24 hours price change: $ -0.003791 (-6.94%)

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 May 24th, 2021 to May 24th, 2022.

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 05/24/2021 and 05/24/2022.

According to the performance of Loom Network between May 24th, 2021 and May 24th, 2022, Loom Network performed the best on Wednesdays. On average, the price of Loom Network increased 0.94% on Wednesday.

The weekday on which the Loom Network performed the worst, is Friday. On Fridays, the Loom Network declined in value on average by -0.30%.

Loom Network weekday performance

Historical performance on Sunday 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 Sunday with 0.86%. However, the uncertainty of this increase is high. The expected change in value of the Loom Network on a Sunday is between -2.87% and 4.58% (see also the table below).

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 0.00%. However, the standard deviation on this weekday is 2.60%. This means that on most Mondays, the change in value of the Loom Network is between -2.61% and 2.60%.

Loom Network increased in value on an average Tuesday only slightly. The average increase in value of the Loom Network was 0.28%. 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 (2.19%). 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 -1.91% and 2.48%.

Historical performance on Wednesday 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 Wednesday with 0.94%. However, the uncertainty of this increase is high. The expected change in value of the Loom Network on a Wednesday is between -2.23% and 4.12% (see also the table below).

Loom Network increased in value on an average Thursday only slightly. The average increase in value of the Loom Network was 0.18%. 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 (2.78%). This means that on 68 percent of the Thursdays, the change in price of the Loom Network is expected to be in the range of -2.60% and 2.96%.

Allthough the Loom Network decreases in value with -0.30% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Loom Network on Fridays is 2.58%. This means that the expected change of the value of Loom Network is between -2.88% and 2.27% on 68 out of 100 Fridays.

Loom Network increased in value on an average Saturday only slightly. The average increase in value of the Loom Network was 0.04%. 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 (1.95%). 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 -1.91% and 1.99%.

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 0.86% 3.72% -2.87% to 4.58%
Monday 0.00% 2.60% -2.61% to 2.60%
Tuesday 0.28% 2.19% -1.91% to 2.48%
Wednesday 0.94% 3.18% -2.23% to 4.12%
Thursday 0.18% 2.78% -2.60% to 2.96%
Friday -0.30% 2.58% -2.88% to 2.27%
Saturday 0.04% 1.95% -1.91% to 1.99%
 

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