Beam (BEAM)

Current price: $ 0.29

24 hours price change: $ -0.02 (-7.23%)

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 July 24th, 2021 to January 24th, 2022.

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 07/24/2021 and 01/24/2022.

According to the performance of Beam between July 24th, 2021 and January 24th, 2022, Beam performed the best on Sundays. On average, the price of Beam increased 0.82% on Sunday.

The weekday on which the Beam performed the worst, is Wednesday. On Wednesdays, the Beam declined in value on average by -1.08%.

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 0.82%. However, the uncertainty of this increase is high. The expected change in value of the Beam on a Sunday is between -2.53% and 4.16% (see also the table below).

On Mondays, the Beam decreases in value on average with -0.75%. On most of the Mondays the Beam decreases in value between -3.20% and 1.69%. The uncertainty (2.44%) is higher than the average decline percentage (-0.75%). Therefore, expected range of price changes of the Beam on Mondays is large.

On Tuesdays, the Beam decreases in value on average with -0.66%. On most of the Tuesdays the Beam decreases in value between -3.12% and 1.80%. The uncertainty (2.46%) is higher than the average decline percentage (-0.66%). Therefore, expected range of price changes of the Beam on Tuesdays is large.

The Beam declines in value on an average Wednesday with -1.08%. However, the uncertainty (or standard deviation) is quite large, namely 4.44%. 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 -0.04%. However, the standard deviation on this weekday is 3.62%. This means that on most Thursdays, the change in value of the Beam is between -3.66% and 3.58%.

On an average Friday, the Beam increased 0.31%. However, since the expected deviation is 2.28%, the Beam will decline in value on a Friday quiet regularly. The expected price change of the Beam on a Friday is between -1.97% and 2.59%.

Allthough the Beam decreases in value with -0.52% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of Beam on Saturdays is 1.83%. This means that the expected change of the value of Beam is between -2.34% and 1.31% on 68 out of 100 Saturdays.

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 0.82% 3.34% -2.53% to 4.16%
Monday -0.75% 2.44% -3.20% to 1.69%
Tuesday -0.66% 2.46% -3.12% to 1.80%
Wednesday -1.08% 4.44% -5.52% to 3.36%
Thursday -0.04% 3.62% -3.66% to 3.58%
Friday 0.31% 2.28% -1.97% to 2.59%
Saturday -0.52% 1.83% -2.34% to 1.31%
 

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