Beam (BEAM)

Current price: $ 0.37

24 hours price change: $ -0.003709 (-0.99%)

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 5th, 2020 to July 4th, 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 06/05/2020 and 07/04/2020.

According to the performance of Beam between June 5th, 2020 and July 4th, 2020, Beam performed the best on Mondays. On average, the price of Beam increased 1.07% on Monday.

The weekday on which the Beam performed the worst, is Thursday. On Thursdays, the Beam declined in value on average by -0.71%.

Beam weekday performance

Historical performance on Sunday 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 Sunday with 0.65%. However, the uncertainty of this increase is high. The expected change in value of the Beam on a Sunday is between -0.16% and 1.46% (see also the table below).

On an average Monday the Beam shows a high increase in value, namely 1.07%. The standard deviation is below the average increase percentage (standard deviation is 1.03%), meaning that on 68% of the Mondays the Beam will increase with a percentage between 0.04% and 2.10%. This also means that, on average, on 16 percent of the Mondays, the Beam will increase with a percentage above this range. On the other 16% of the Mondays, the Beam will change with a percentage below the 0.04%.

On Tuesdays, the Beam decreases in value on average with -0.63%. On most of the Tuesdays the Beam decreases in value between -1.24% and -0.02%. The uncertainty (0.61%) is higher than the average decline percentage (-0.63%). Therefore, expected range of price changes of the Beam on Tuesdays is large.

The average increase of the Beam on an average Wednesday is 0.37%. This is a small increase, however, the expected change of the Beam in 95% of the Wednesdays is -0.21% and 0.95%. This means that only on 2.5% (or slightly over 1 Wednesday per year) the expected change of the Beam is below -0.21%. On the other hand, you would not have to expect that the change on a single Wednesday will be above 0.95%. This will also only happen on 2.5% of the Wednesdays. On 68% of the Wednesdays, the increase of the Beam will be in the range of 0.08% and 0.66%.

On Thursdays, the Beam decreases in value on average with -0.71%. On most of the Thursdays the Beam decreases in value between -1.94% and 0.52%. The uncertainty (1.23%) is higher than the average decline percentage (-0.71%). Therefore, expected range of price changes of the Beam on Thursdays is large.

Allthough the Beam decreases in value with -0.50% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Beam on Fridays is 0.52%. This means that the expected change of the value of Beam is between -1.02% and 0.03% on 68 out of 100 Fridays.

On an average Saturday, the Beam increased 0.30%. However, since the expected deviation is 0.55%, the Beam will decline in value on a Saturday quiet regularly. The expected price change of the Beam on a Saturday is between -0.25% and 0.86%.

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 0.65% 0.81% -0.16% to 1.46%
Monday 1.07% 1.03% 0.04% to 2.10%
Tuesday -0.63% 0.61% -1.24% to -0.02%
Wednesday 0.37% 0.29% 0.08% to 0.66%
Thursday -0.71% 1.23% -1.94% to 0.52%
Friday -0.50% 0.52% -1.02% to 0.03%
Saturday 0.30% 0.55% -0.25% to 0.86%
 

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