Loom Network (LOOM)

Current price: $ 0.02

24 hours price change: $ -0.000322 (-1.40%)

Daily analysis of Loom Network (LOOM) - 6 months

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 6 months, starting on April 22nd, 2019 to October 22nd, 2019.

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 04/22/2019 and 10/22/2019.

According to the performance of Loom Network between April 22nd, 2019 and October 22nd, 2019, Loom Network performed the best on Thursdays. On average, the price of Loom Network increased 1.24% on Thursday.

The weekday on which the Loom Network performed the worst, is Monday. On Mondays, the Loom Network declined in value on average by -2.10%.

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 0.62%. However, the uncertainty of this increase is high. The expected change in value of the Loom Network on a Sunday is between -3.12% and 4.35% (see also the table below).

The Loom Network declines in value on an average Monday with -2.10%. However, the uncertainty (or standard deviation) is quite large, namely 5.37%. This means that it is not possible to say whether on a regular Monday the Loom Network will increase or decrease in value.

On an average Tuesday, the Loom Network increased 0.54%. However, since the expected deviation is 8.98%, the Loom Network will decline in value on a Tuesday quiet regularly. The expected price change of the Loom Network on a Tuesday is between -8.44% and 9.51%.

The Loom Network declines in value on an average Wednesday with -1.69%. However, the uncertainty (or standard deviation) is quite large, namely 5.35%. This means that it is not possible to say whether on a regular Wednesday the Loom Network will increase or decrease in value.

On an average Thursday the Loom Network shows an increase in value of 1.24%. However, the change of Loom Network on most of the Thursdays is between -2.26% and 4.74%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Loom Networks.

On an average Friday the Loom Network shows an increase in value of 1.07%. However, the change of Loom Network on most of the Fridays is between -2.98% and 5.13%. Therefore it is hard to tell whether an average Friday is a good day to start buying Loom Networks.

The Loom Network declines in value on an average Saturday with -1.76%. However, the uncertainty (or standard deviation) is quite large, namely 4.54%. This means that it is not possible to say whether on a regular Saturday the Loom Network will increase or decrease in value.

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 0.62% 3.74% -3.12% to 4.35%
Monday -2.10% 5.37% -7.47% to 3.27%
Tuesday 0.54% 8.98% -8.44% to 9.51%
Wednesday -1.69% 5.35% -7.04% to 3.66%
Thursday 1.24% 3.50% -2.26% to 4.74%
Friday 1.07% 4.06% -2.98% to 5.13%
Saturday -1.76% 4.54% -6.30% to 2.78%