Loom Network (LOOM)

Current price: $ 0.12

24 hours price change: $ 0.12 (inf%)

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 August 28th, 2020 to February 25th, 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 08/28/2020 and 02/25/2021.

According to the performance of Loom Network between August 28th, 2020 and February 25th, 2021, Loom Network performed the best on Sundays. On average, the price of Loom Network increased 1.70% on Sunday.

The weekday on which the Loom Network performed the worst, is Tuesday. On Tuesdays, the Loom Network declined in value on average by -1.29%.

Loom Network weekday performance

On an average Sunday the Loom Network shows an increase in value of 1.70%. However, the change of Loom Network on most of the Sundays is between -4.91% and 8.32%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Loom Networks.

On an average Monday, the Loom Network increased 0.52%. However, since the expected deviation is 7.69%, the Loom Network will decline in value on a Monday quiet regularly. The expected price change of the Loom Network on a Monday is between -7.17% and 8.21%.

The Loom Network declines in value on an average Tuesday with -1.29%. However, the uncertainty (or standard deviation) is quite large, namely 3.13%. This means that it is not possible to say whether on a regular Tuesday the Loom Network will increase or decrease in value.

It is hard to tell whether the Loom Network will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Loom Network is -0.27%. However, the standard deviation on this weekday is 3.92%. This means that on most Wednesdays, the change in value of the Loom Network is between -4.19% and 3.66%.

On an average Thursday, the Loom Network increased 0.55%. However, since the expected deviation is 2.82%, the Loom Network will decline in value on a Thursday quiet regularly. The expected price change of the Loom Network on a Thursday is between -2.26% and 3.37%.

On an average Friday the Loom Network shows an increase in value of 1.17%. However, the change of Loom Network on most of the Fridays is between -5.37% and 7.71%. Therefore it is hard to tell whether an average Friday is a good day to start buying Loom Networks.

Loom Network increased in value on an average Saturday 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 (4.32%). 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 -4.14% and 4.51%.

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 1.70% 6.61% -4.91% to 8.32%
Monday 0.52% 7.69% -7.17% to 8.21%
Tuesday -1.29% 3.13% -4.42% to 1.84%
Wednesday -0.27% 3.92% -4.19% to 3.66%
Thursday 0.55% 2.82% -2.26% to 3.37%
Friday 1.17% 6.54% -5.37% to 7.71%
Saturday 0.18% 4.32% -4.14% to 4.51%
 

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