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 December 28th, 2021 to June 28th, 2022.

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 12/28/2021 and 06/28/2022.

According to the performance of Loom Network between December 28th, 2021 and June 28th, 2022, Loom Network performed the best on Thursdays. On average, the price of Loom Network increased 0.69% on Thursday.

The weekday on which the Loom Network performed the worst, is Monday. On Mondays, the Loom Network declined in value on average by -0.14%.

Loom Network weekday performance

On an average Sunday, the Loom Network increased 0.60%. However, since the expected deviation is 1.44%, the Loom Network will decline in value on a Sunday quiet regularly. The expected price change of the Loom Network on a Sunday is between -0.84% and 2.04%.

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 -0.14%. However, the standard deviation on this weekday is 1.09%. This means that on most Mondays, the change in value of the Loom Network is between -1.23% and 0.95%.

Loom Network increased in value on an average Tuesday only slightly. The average increase in value of the Loom Network was 0.21%. 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 (2.16%). This means that on 68 percent of the Tuesdays, the change in price of the Loom Network is expected to be in the range of -1.95% and 2.37%.

Loom Network increased in value on an average Wednesday only slightly. The average increase in value of the Loom Network was 0.15%. 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 (1.31%). 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 -1.16% and 1.46%.

Historical performance on Thursday 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 Thursday with 0.69%. However, the uncertainty of this increase is high. The expected change in value of the Loom Network on a Thursday is between -1.54% and 2.92% (see also the table below).

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 -0.09%. However, the standard deviation on this weekday is 1.29%. This means that on most Fridays, the change in value of the Loom Network is between -1.39% and 1.20%.

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 -0.05%. However, the standard deviation on this weekday is 1.41%. This means that on most Saturdays, the change in value of the Loom Network is between -1.46% and 1.36%.

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 0.60% 1.44% -0.84% to 2.04%
Monday -0.14% 1.09% -1.23% to 0.95%
Tuesday 0.21% 2.16% -1.95% to 2.37%
Wednesday 0.15% 1.31% -1.16% to 1.46%
Thursday 0.69% 2.23% -1.54% to 2.92%
Friday -0.09% 1.29% -1.39% to 1.20%
Saturday -0.05% 1.41% -1.46% to 1.36%
 

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