Loom Network (LOOM)

Current price: $ 0.03

24 hours price change: $ -0.001898 (-6.25%)

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 June 4th, 2020 to December 3rd, 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 06/04/2020 and 12/03/2020.

According to the performance of Loom Network between June 4th, 2020 and December 3rd, 2020, Loom Network performed the best on Mondays. On average, the price of Loom Network increased 1.39% on Monday.

The weekday on which the Loom Network performed the worst, is Tuesday. On Tuesdays, the Loom Network declined in value on average by -0.48%.

Loom Network weekday performance

Loom Network increased in value on an average Sunday only slightly. The average increase in value of the Loom Network was 0.29%. 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 (1.20%). This means that on 68 percent of the Sundays, the change in price of the Loom Network is expected to be in the range of -0.91% and 1.50%.

On an average Monday the Loom Network shows an increase in value of 1.39%. However, the change of Loom Network on most of the Mondays is between -5.98% and 8.76%. Therefore it is hard to tell whether an average Monday is a good day to start buying Loom Networks.

Allthough the Loom Network decreases in value with -0.48% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Loom Network on Tuesdays is 1.89%. This means that the expected change of the value of Loom Network is between -2.37% and 1.42% on 68 out of 100 Tuesdays.

On an average Wednesday, the Loom Network increased 0.57%. However, since the expected deviation is 2.27%, the Loom Network will decline in value on a Wednesday quiet regularly. The expected price change of the Loom Network on a Wednesday is between -1.70% and 2.84%.

Loom Network increased in value on an average Thursday only slightly. The average increase in value of the Loom Network was 0.08%. 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 (1.38%). This means that on 68 percent of the Thursdays, the change in price of the Loom Network is expected to be in the range of -1.31% and 1.46%.

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 -0.16%. However, the standard deviation on this weekday is 0.85%. This means that on most Fridays, the change in value of the Loom Network is between -1.00% and 0.69%.

It is hard to tell whether the Loom Network will increase or decrease in value on an average Saturday. The average change on a Saturday for the Loom Network is -0.08%. However, the standard deviation on this weekday is 0.55%. This means that on most Saturdays, the change in value of the Loom Network is between -0.62% and 0.47%.

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 0.29% 1.20% -0.91% to 1.50%
Monday 1.39% 7.37% -5.98% to 8.76%
Tuesday -0.48% 1.89% -2.37% to 1.42%
Wednesday 0.57% 2.27% -1.70% to 2.84%
Thursday 0.08% 1.38% -1.31% to 1.46%
Friday -0.16% 0.85% -1.00% to 0.69%
Saturday -0.08% 0.55% -0.62% to 0.47%
 

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