Beam (BEAM)

Current price: $ 0.38

24 hours price change: $ -0.02 (-4.08%)

Daily analysis of Beam (BEAM) - all

The performance of Beam regarding the price differs every day. To make the best decision to buy Beam, we are analysis in this article the performance of Beam on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last years, starting on March 11th, 2019 to July 1st, 2020.

In the barchart below, the weekdays and average performance of Beam are shown side by side.

Average daily change in price of Beam per weekday between 03/11/2019 and 07/01/2020.

According to the performance of Beam between March 11th, 2019 and July 1st, 2020, Beam performed the best on Saturdays. On average, the price of Beam increased 1.35% on Saturday.

The weekday on which the Beam performed the worst, is Wednesday. On Wednesdays, the Beam declined in value on average by -0.84%.

Beam weekday performance

On an average Sunday, the Beam increased 0.44%. However, since the expected deviation is 6.46%, the Beam will decline in value on a Sunday quiet regularly. The expected price change of the Beam on a Sunday is between -6.02% and 6.90%.

On Mondays, the Beam decreases in value on average with -0.68%. On most of the Mondays the Beam decreases in value between -4.31% and 2.95%. The uncertainty (3.63%) is higher than the average decline percentage (-0.68%). Therefore, expected range of price changes of the Beam on Mondays is large.

Historical performance on Tuesday do not show an increase in value of the Beam on which a prediction can be made. The Beam increased in value on average on an average Tuesday with 0.87%. However, the uncertainty of this increase is high. The expected change in value of the Beam on a Tuesday is between -3.62% and 5.35% (see also the table below).

On Wednesdays, the Beam decreases in value on average with -0.84%. On most of the Wednesdays the Beam decreases in value between -6.25% and 4.56%. The uncertainty (5.41%) is higher than the average decline percentage (-0.84%). Therefore, expected range of price changes of the Beam on Wednesdays is large.

Allthough the Beam decreases in value with -0.38% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Beam on Thursdays is 4.55%. This means that the expected change of the value of Beam is between -4.93% and 4.18% on 68 out of 100 Thursdays.

Historical performance on Friday do not show an increase in value of the Beam on which a prediction can be made. The Beam increased in value on average on an average Friday with 0.83%. However, the uncertainty of this increase is high. The expected change in value of the Beam on a Friday is between -5.15% and 6.81% (see also the table below).

On an average Saturday the Beam shows an increase in value of 1.35%. However, the change of Beam on most of the Saturdays is between -6.67% and 9.36%. Therefore it is hard to tell whether an average Saturday is a good day to start buying Beams.

Beam weekday performance details

Find below the details of the performance of Beam 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 0.44% 6.46% -6.02% to 6.90%
Monday -0.68% 3.63% -4.31% to 2.95%
Tuesday 0.87% 4.49% -3.62% to 5.35%
Wednesday -0.84% 5.41% -6.25% to 4.56%
Thursday -0.38% 4.55% -4.93% to 4.18%
Friday 0.83% 5.98% -5.15% to 6.81%
Saturday 1.35% 8.02% -6.67% to 9.36%
 

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