Loom Network (LOOM)

Current price: $ 0.02

24 hours price change: $ 0.000283 (1.59%)

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 November 29th, 2019 to May 28th, 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 11/29/2019 and 05/28/2020.

According to the performance of Loom Network between November 29th, 2019 and May 28th, 2020, Loom Network performed the best on Saturdays. On average, the price of Loom Network increased 0.86% on Saturday.

The weekday on which the Loom Network performed the worst, is Thursday. On Thursdays, the Loom Network declined in value on average by -1.63%.

Loom Network weekday performance

It is hard to tell whether the Loom Network will increase or decrease in value on an average Sunday. The average change on a Sunday for the Loom Network is -0.01%. However, the standard deviation on this weekday is 1.35%. This means that on most Sundays, the change in value of the Loom Network is between -1.36% and 1.33%.

Loom Network increased in value on an average Monday only slightly. The average increase in value of the Loom Network was 0.01%. 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 (1.08%). This means that on 68 percent of the Mondays, the change in price of the Loom Network is expected to be in the range of -1.07% and 1.09%.

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 0.00%. However, the standard deviation on this weekday is 1.09%. This means that on most Tuesdays, the change in value of the Loom Network is between -1.09% and 1.08%.

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 -0.09%. However, the standard deviation on this weekday is 2.28%. This means that on most Wednesdays, the change in value of the Loom Network is between -2.37% and 2.19%.

The Loom Network declines in value on an average Thursday with -1.63%. However, the uncertainty (or standard deviation) is quite large, namely 8.98%. This means that it is not possible to say whether on a regular Thursday 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 Friday. The average change on a Friday for the Loom Network is -0.21%. However, the standard deviation on this weekday is 1.33%. This means that on most Fridays, the change in value of the Loom Network is between -1.54% and 1.12%.

Historical performance on Saturday 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 Saturday with 0.86%. However, the uncertainty of this increase is high. The expected change in value of the Loom Network on a Saturday is between -3.72% and 5.43% (see also the table below).

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 -0.01% 1.35% -1.36% to 1.33%
Monday 0.01% 1.08% -1.07% to 1.09%
Tuesday 0.00% 1.09% -1.09% to 1.08%
Wednesday -0.09% 2.28% -2.37% to 2.19%
Thursday -1.63% 8.98% -10.61% to 7.34%
Friday -0.21% 1.33% -1.54% to 1.12%
Saturday 0.86% 4.58% -3.72% to 5.43%
 

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