Loom Network (LOOM)

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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 20th, 2023 to May 17th, 2024.

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 11/20/2023 and 05/17/2024.

According to the performance of Loom Network between November 20th, 2023 and May 17th, 2024, Loom Network performed the best on Wednesdays. On average, the price of Loom Network increased 0.02% on Wednesday.

The weekday on which the Loom Network performed the worst, is Tuesday. On Tuesdays, the Loom Network declined in value on average by -0.67%.

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 -0.24%. However, the standard deviation on this weekday is 1.39%. This means that on most Sundays, the change in value of the Loom Network is between -1.63% and 1.16%.

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 -0.10%. However, the standard deviation on this weekday is 2.53%. This means that on most Mondays, the change in value of the Loom Network is between -2.63% and 2.43%.

On Tuesdays, the Loom Network decreases in value on average with -0.67%. On most of the Tuesdays the Loom Network decreases in value between -3.05% and 1.72%. The uncertainty (2.38%) is higher than the average decline percentage (-0.67%). Therefore, expected range of price changes of the Loom Network on Tuesdays is large.

Loom Network increased in value on an average Wednesday only slightly. The average increase in value of the Loom Network was 0.02%. 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 (1.72%). This means that on 68 percent of the Wednesdays, the change in price of the Loom Network is expected to be in the range of -1.70% and 1.74%.

It is hard to tell whether the Loom Network will increase or decrease in value on an average Thursday. The average change on a Thursday for the Loom Network is -0.04%. However, the standard deviation on this weekday is 1.48%. This means that on most Thursdays, the change in value of the Loom Network is between -1.52% and 1.44%.

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 -0.27%. However, the standard deviation on this weekday is 1.27%. This means that on most Fridays, the change in value of the Loom Network is between -1.55% and 1.00%.

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 -0.25%. However, the standard deviation on this weekday is 0.76%. This means that on most Saturdays, the change in value of the Loom Network is between -1.00% and 0.51%.

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 -0.24% 1.39% -1.63% to 1.16%
Monday -0.10% 2.53% -2.63% to 2.43%
Tuesday -0.67% 2.38% -3.05% to 1.72%
Wednesday 0.02% 1.72% -1.70% to 1.74%
Thursday -0.04% 1.48% -1.52% to 1.44%
Friday -0.27% 1.27% -1.55% to 1.00%
Saturday -0.25% 0.76% -1.00% to 0.51%
 

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