Beam (BEAM)

Current price: $ 0.46

24 hours price change: $ 0.000701 (0.15%)

Daily analysis of Beam (BEAM) - 1 month

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 June 25th, 2021 to July 25th, 2021.

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 06/25/2021 and 07/25/2021.

According to the performance of Beam between June 25th, 2021 and July 25th, 2021, Beam performed the best on Tuesdays. On average, the price of Beam increased 2.36% on Tuesday.

The weekday on which the Beam performed the worst, is Friday. On Fridays, the Beam declined in value on average by -1.94%.

Beam weekday performance

On an average Sunday the Beam shows an increase in value of 1.05%. However, the change of Beam on most of the Sundays is between -0.82% and 2.91%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Beams.

Beam increased in value on an average Monday only slightly. The average increase in value of the Beam was 0.14%. 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 (0.32%). This means that on 68 percent of the Mondays, the change in price of the Beam is expected to be in the range of -0.18% and 0.47%.

On an average Tuesday the Beam shows an increase in value of 2.36%. However, the change of Beam on most of the Tuesdays is between -1.70% and 6.42%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Beams.

Allthough the Beam decreases in value with -0.51% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Beam on Wednesdays is 0.75%. This means that the expected change of the value of Beam is between -1.26% and 0.24% on 68 out of 100 Wednesdays.

Beam increased in value on an average Thursday only slightly. The average increase in value of the Beam was 0.02%. 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 (0.25%). This means that on 68 percent of the Thursdays, the change in price of the Beam is expected to be in the range of -0.22% and 0.27%.

The Beam declines in value on an average Friday with -1.94%. However, the uncertainty (or standard deviation) is quite large, namely 4.08%. This means that it is not possible to say whether on a regular Friday 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 Saturday. The average change on a Saturday for the Beam is -0.11%. However, the standard deviation on this weekday is 0.36%. This means that on most Saturdays, the change in value of the Beam is between -0.48% and 0.25%.

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 1.05% 1.86% -0.82% to 2.91%
Monday 0.14% 0.32% -0.18% to 0.47%
Tuesday 2.36% 4.06% -1.70% to 6.42%
Wednesday -0.51% 0.75% -1.26% to 0.24%
Thursday 0.02% 0.25% -0.22% to 0.27%
Friday -1.94% 4.08% -6.02% to 2.14%
Saturday -0.11% 0.36% -0.48% to 0.25%
 

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