Beam (BEAM)

Current price: $ 0.39

24 hours price change: $ 0.005454 (1.42%)

Daily analysis of Beam (BEAM) - 6 months

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 6 months, starting on January 7th, 2020 to July 6th, 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 01/07/2020 and 07/06/2020.

According to the performance of Beam between January 7th, 2020 and July 6th, 2020, Beam performed the best on Tuesdays. On average, the price of Beam increased 0.62% on Tuesday.

The weekday on which the Beam performed the worst, is Wednesday. On Wednesdays, the Beam declined in value on average by -1.27%.

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 -0.21%. However, the standard deviation on this weekday is 2.92%. This means that on most Sundays, the change in value of the Beam is between -3.14% and 2.71%.

It is hard to tell whether the Beam will increase or decrease in value on an average Monday. The average change on a Monday for the Beam is -0.07%. However, the standard deviation on this weekday is 1.28%. This means that on most Mondays, the change in value of the Beam is between -1.35% and 1.21%.

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 0.62%. However, the uncertainty of this increase is high. The expected change in value of the Beam on a Tuesday is between -1.08% and 2.32% (see also the table below).

The Beam declines in value on an average Wednesday with -1.27%. However, the uncertainty (or standard deviation) is quite large, namely 2.97%. This means that it is not possible to say whether on a regular Wednesday 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 Thursday. The average change on a Thursday for the Beam is -0.25%. However, the standard deviation on this weekday is 2.97%. This means that on most Thursdays, the change in value of the Beam is between -3.22% and 2.73%.

Beam increased in value on an average Friday only slightly. The average increase in value of the Beam was 0.13%. 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 (1.26%). This means that on 68 percent of the Fridays, the change in price of the Beam is expected to be in the range of -1.13% and 1.39%.

On an average Saturday, the Beam increased 0.45%. However, since the expected deviation is 1.51%, the Beam will decline in value on a Saturday quiet regularly. The expected price change of the Beam on a Saturday is between -1.05% and 1.96%.

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 -0.21% 2.92% -3.14% to 2.71%
Monday -0.07% 1.28% -1.35% to 1.21%
Tuesday 0.62% 1.70% -1.08% to 2.32%
Wednesday -1.27% 2.97% -4.24% to 1.70%
Thursday -0.25% 2.97% -3.22% to 2.73%
Friday 0.13% 1.26% -1.13% to 1.39%
Saturday 0.45% 1.51% -1.05% to 1.96%
 

We use cookies on our website. Some of them are essential for the operation of the site, while others help us to improve this site and the user experience (tracking cookies). You can decide for yourself whether you want to allow cookies or not. Please note that if you reject them, you may not be able to use all the functionalities of the site.