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 1 month, starting on December 19th, 2021 to January 19th, 2022.
In the barchart below, the weekdays and average performance of Beam are shown side by side.
According to the performance of Beam between December 19th, 2021 and January 19th, 2022, Beam performed the best on Saturdays. On average, the price of Beam increased 0.28% on Saturday.
The weekday on which the Beam performed the worst, is Tuesday. On Tuesdays, the Beam declined in value on average by -1.01%.
Beam weekday performance
It is hard to tell whether the Beam will increase or decrease in value on an average Sunday. The average change on a Sunday for the Beam is -0.09%. However, the standard deviation on this weekday is 0.75%. This means that on most Sundays, the change in value of the Beam is between -0.84% and 0.67%.
On Mondays, the Beam decreases in value on average with -0.64%. On most of the Mondays the Beam decreases in value between -1.03% and -0.26%. The uncertainty (0.39%) is higher than the average decline percentage (-0.64%). Therefore, expected range of price changes of the Beam on Mondays is large.
The Beam declines in value on an average Tuesday with -1.01%. However, the uncertainty (or standard deviation) is quite large, namely 0.68%. This means that it is not possible to say whether on a regular Tuesday the Beam will increase or decrease in value.
It is hard to tell whether the Beam will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Beam is -0.23%. However, the standard deviation on this weekday is 0.76%. This means that on most Wednesdays, the change in value of the Beam is between -0.99% and 0.54%.
On Thursdays, the Beam decreases in value on average with -0.66%. On most of the Thursdays the Beam decreases in value between -1.56% and 0.25%. The uncertainty (0.91%) is higher than the average decline percentage (-0.66%). Therefore, expected range of price changes of the Beam on Thursdays is large.
Beam increased in value on an average Friday only slightly. The average increase in value of the Beam was 0.07%. Allthough the Beam closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.65%). This means that on 68 percent of the Fridays, the change in price of the Beam is expected to be in the range of -0.58% and 0.71%.
The Beam will almost not change or only slightly increase in value on an average Saturday. The average change of the Beam on Saturdays is 0.28%. The standard deviation of the Beam is 0.27%, which means that in 68% of the Saturdays, the range of the change of the Beam is 0.01% and 0.55%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.
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||-0.09%||0.75%||-0.84% to 0.67%|
|Monday||-0.64%||0.39%||-1.03% to -0.26%|
|Tuesday||-1.01%||0.68%||-1.68% to -0.33%|
|Wednesday||-0.23%||0.76%||-0.99% to 0.54%|
|Thursday||-0.66%||0.91%||-1.56% to 0.25%|
|Friday||0.07%||0.65%||-0.58% to 0.71%|
|Saturday||0.28%||0.27%||0.01% to 0.55%|