Beam (BEAM)

Current price: $ 0.04

24 hours price change: $ 0.003150 (9.31%)

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 September 5th, 2023 to March 5th, 2024.

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 09/05/2023 and 03/05/2024.

According to the performance of Beam between September 5th, 2023 and March 5th, 2024, Beam performed the best on Saturdays. On average, the price of Beam increased 0.65% on Saturday.

The weekday on which the Beam performed the worst, is Tuesday. On Tuesdays, the Beam declined in value on average by -0.43%.

Beam weekday performance

Allthough the Beam decreases in value with -0.40% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Beam on Sundays is 1.64%. This means that the expected change of the value of Beam is between -2.05% and 1.24% on 68 out of 100 Sundays.

Historical performance on Monday 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 Monday with 0.61%. However, the uncertainty of this increase is high. The expected change in value of the Beam on a Monday is between -1.14% and 2.36% (see also the table below).

Allthough the Beam decreases in value with -0.43% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Beam on Tuesdays is 1.85%. This means that the expected change of the value of Beam is between -2.28% and 1.42% on 68 out of 100 Tuesdays.

It is hard to tell whether the Beam will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Beam is -0.26%. However, the standard deviation on this weekday is 1.85%. This means that on most Wednesdays, the change in value of the Beam is between -2.11% and 1.60%.

On an average Thursday, the Beam increased 0.38%. However, since the expected deviation is 2.78%, the Beam will decline in value on a Thursday quiet regularly. The expected price change of the Beam on a Thursday is between -2.40% and 3.17%.

Beam increased in value on an average Friday only slightly. The average increase in value of the Beam was 0.03%. 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 (1.05%). This means that on 68 percent of the Fridays, the change in price of the Beam is expected to be in the range of -1.01% and 1.08%.

Historical performance on Saturday 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 Saturday with 0.65%. However, the uncertainty of this increase is high. The expected change in value of the Beam on a Saturday is between -1.66% and 2.97% (see also the table below).

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 -0.40% 1.64% -2.05% to 1.24%
Monday 0.61% 1.75% -1.14% to 2.36%
Tuesday -0.43% 1.85% -2.28% to 1.42%
Wednesday -0.26% 1.85% -2.11% to 1.60%
Thursday 0.38% 2.78% -2.40% to 3.17%
Friday 0.03% 1.05% -1.01% to 1.08%
Saturday 0.65% 2.32% -1.66% to 2.97%
 

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