Beam (BEAM)

Current price: $ 0.39

24 hours price change: $ -0.01 (-3.22%)

Daily analysis of Beam (BEAM) - 1 year

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 year, starting on July 12th, 2019 to July 11th, 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 07/12/2019 and 07/11/2020.

According to the performance of Beam between July 12th, 2019 and July 11th, 2020, Beam performed the best on Wednesdays. On average, the price of Beam increased 0.36% on Wednesday.

The weekday on which the Beam performed the worst, is Monday. On Mondays, the Beam declined in value on average by -0.70%.

Beam weekday performance

Beam increased in value on an average Sunday only slightly. The average increase in value of the Beam was 0.06%. 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 (3.53%). This means that on 68 percent of the Sundays, the change in price of the Beam is expected to be in the range of -3.46% and 3.59%.

On Mondays, the Beam decreases in value on average with -0.70%. On most of the Mondays the Beam decreases in value between -2.91% and 1.50%. The uncertainty (2.21%) is higher than the average decline percentage (-0.70%). Therefore, expected range of price changes of the Beam on Mondays is large.

Beam increased in value on an average Tuesday only slightly. The average increase in value of the Beam was 0.28%. 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 (3.03%). This means that on 68 percent of the Tuesdays, the change in price of the Beam is expected to be in the range of -2.75% and 3.31%.

On an average Wednesday, the Beam increased 0.36%. However, since the expected deviation is 4.94%, the Beam will decline in value on a Wednesday quiet regularly. The expected price change of the Beam on a Wednesday is between -4.58% and 5.30%.

Allthough the Beam decreases in value with -0.40% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Beam on Thursdays is 3.02%. This means that the expected change of the value of Beam is between -3.43% and 2.62% on 68 out of 100 Thursdays.

It is hard to tell whether the Beam will increase or decrease in value on an average Friday. The average change on a Friday for the Beam is -0.18%. However, the standard deviation on this weekday is 2.11%. This means that on most Fridays, the change in value of the Beam is between -2.29% and 1.92%.

On an average Saturday, the Beam increased 0.32%. However, since the expected deviation is 2.90%, the Beam will decline in value on a Saturday quiet regularly. The expected price change of the Beam on a Saturday is between -2.58% and 3.22%.

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 0.06% 3.53% -3.46% to 3.59%
Monday -0.70% 2.21% -2.91% to 1.50%
Tuesday 0.28% 3.03% -2.75% to 3.31%
Wednesday 0.36% 4.94% -4.58% to 5.30%
Thursday -0.40% 3.02% -3.43% to 2.62%
Friday -0.18% 2.11% -2.29% to 1.92%
Saturday 0.32% 2.90% -2.58% to 3.22%
 

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