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 June 2nd, 2021 to December 2nd, 2021.
In the barchart below, the weekdays and average performance of Loom Network are shown side by side.
According to the performance of Loom Network between June 2nd, 2021 and December 2nd, 2021, Loom Network performed the best on Wednesdays. On average, the price of Loom Network increased 1.16% on Wednesday.
The weekday on which the Loom Network performed the worst, is Thursday. On Thursdays, the Loom Network declined in value on average by -0.33%.
Loom Network weekday performance
On an average Sunday the Loom Network shows an increase in value of 1.10%. However, the change of Loom Network on most of the Sundays is between -3.94% and 6.15%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Loom Networks.
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 -0.21%. However, the standard deviation on this weekday is 3.20%. This means that on most Mondays, the change in value of the Loom Network is between -3.41% and 2.99%.
On an average Tuesday, the Loom Network increased 0.38%. However, since the expected deviation is 2.11%, 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 -1.73% and 2.50%.
On an average Wednesday the Loom Network shows an increase in value of 1.16%. However, the change of Loom Network on most of the Wednesdays is between -2.68% and 5.00%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Loom Networks.
Allthough the Loom Network decreases in value with -0.33% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Loom Network on Thursdays is 3.11%. This means that the expected change of the value of Loom Network is between -3.44% and 2.78% on 68 out of 100 Thursdays.
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 -0.22%. However, the standard deviation on this weekday is 2.30%. This means that on most Fridays, the change in value of the Loom Network is between -2.52% and 2.08%.
Loom Network increased in value on an average Saturday only slightly. The average increase in value of the Loom Network was 0.30%. 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 (1.47%). 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 -1.17% and 1.76%.
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||1.10%||5.05%||-3.94% to 6.15%|
|Monday||-0.21%||3.20%||-3.41% to 2.99%|
|Tuesday||0.38%||2.11%||-1.73% to 2.50%|
|Wednesday||1.16%||3.84%||-2.68% to 5.00%|
|Thursday||-0.33%||3.11%||-3.44% to 2.78%|
|Friday||-0.22%||2.30%||-2.52% to 2.08%|
|Saturday||0.30%||1.47%||-1.17% to 1.76%|