Loom Network (LOOM)

Current price: $ 0.08

24 hours price change: $ 0.002068 (2.51%)

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 February 5th, 2021 to August 5th, 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 02/05/2021 and 08/05/2021.

According to the performance of Loom Network between February 5th, 2021 and August 5th, 2021, Loom Network performed the best on Mondays. On average, the price of Loom Network increased 1.83% on Monday.

The weekday on which the Loom Network performed the worst, is Friday. On Fridays, the Loom Network rose in value on average by 0.26%. The price still increased on Fridays, allthough it was the smallest increase of all days on average.

Loom Network weekday performance

On an average Sunday, the Loom Network increased 0.46%. However, since the expected deviation is 5.12%, the Loom Network will decline in value on a Sunday quiet regularly. The expected price change of the Loom Network on a Sunday is between -4.66% and 5.58%.

On an average Monday the Loom Network shows an increase in value of 1.83%. However, the change of Loom Network on most of the Mondays is between -3.11% and 6.78%. Therefore it is hard to tell whether an average Monday is a good day to start buying Loom Networks.

Historical performance on Tuesday 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 Tuesday with 0.83%. However, the uncertainty of this increase is high. The expected change in value of the Loom Network on a Tuesday is between -1.92% and 3.57% (see also the table below).

On an average Wednesday the Loom Network shows an increase in value of 1.18%. However, the change of Loom Network on most of the Wednesdays is between -3.17% and 5.53%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Loom Networks.

Historical performance on Thursday 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 Thursday with 0.88%. However, the uncertainty of this increase is high. The expected change in value of the Loom Network on a Thursday is between -1.17% and 2.93% (see also the table below).

Loom Network increased in value on an average Friday only slightly. The average increase in value of the Loom Network was 0.26%. 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 (7.25%). 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 -6.98% and 7.51%.

On an average Saturday, the Loom Network increased 0.48%. However, since the expected deviation is 3.74%, 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 -3.25% and 4.22%.

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 0.46% 5.12% -4.66% to 5.58%
Monday 1.83% 4.94% -3.11% to 6.78%
Tuesday 0.83% 2.74% -1.92% to 3.57%
Wednesday 1.18% 4.35% -3.17% to 5.53%
Thursday 0.88% 2.05% -1.17% to 2.93%
Friday 0.26% 7.25% -6.98% to 7.51%
Saturday 0.48% 3.74% -3.25% to 4.22%
 

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