Beam (BEAM)

Current price: $ 1.36

24 hours price change: $ 0.02 (1.26%)

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 April 12th, 2021 to May 12th, 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 04/12/2021 and 05/12/2021.

According to the performance of Beam between April 12th, 2021 and May 12th, 2021, Beam performed the best on Mondays. On average, the price of Beam increased 4.24% on Monday.

The weekday on which the Beam performed the worst, is Wednesday. On Wednesdays, the Beam declined in value on average by -1.48%.

Beam weekday performance

On an average Sunday, the Beam increased 0.31%. However, since the expected deviation is 0.37%, the Beam will decline in value on a Sunday quiet regularly. The expected price change of the Beam on a Sunday is between -0.06% and 0.68%.

The increase in value of the Beam is 4.24% on an average Monday. However, the uncertainty on the average change is high for the Beam on Mondays. This is the reason why an expected increase of the Beam on an average Monday cannot be predicted. The standard deviation for Beam on Mondays is high, namely 8.54%. This means that the expected range of value change for the Beam is -4.30% and 12.78% on 68% of the Mondays.

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 0.67%. However, the uncertainty of this increase is high. The expected change in value of the Beam on a Tuesday is between -0.69% and 2.03% (see also the table below).

The Beam declines in value on an average Wednesday with -1.48%. However, the uncertainty (or standard deviation) is quite large, namely 2.23%. This means that it is not possible to say whether on a regular Wednesday the Beam will increase or decrease in value.

Historical performance on Thursday 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 Thursday with 0.63%. However, the uncertainty of this increase is high. The expected change in value of the Beam on a Thursday is between -0.56% and 1.82% (see also the table below).

The average increase of the Beam on an average Friday is 0.38%. This is a small increase, however, the expected change of the Beam in 95% of the Fridays is -0.13% and 0.90%. This means that only on 2.5% (or slightly over 1 Friday per year) the expected change of the Beam is below -0.13%. On the other hand, you would not have to expect that the change on a single Friday will be above 0.90%. This will also only happen on 2.5% of the Fridays. On 68% of the Fridays, the increase of the Beam will be in the range of 0.12% and 0.64%.

Beam increased in value on an average Saturday only slightly. The average increase in value of the Beam was 0.21%. 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 (0.22%). This means that on 68 percent of the Saturdays, the change in price of the Beam is expected to be in the range of -0.02% and 0.43%.

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 0.31% 0.37% -0.06% to 0.68%
Monday 4.24% 8.54% -4.30% to 12.78%
Tuesday 0.67% 1.36% -0.69% to 2.03%
Wednesday -1.48% 2.23% -3.70% to 0.75%
Thursday 0.63% 1.19% -0.56% to 1.82%
Friday 0.38% 0.26% 0.12% to 0.64%
Saturday 0.21% 0.22% -0.02% to 0.43%
 

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