The performance of Loom Network regarding the price differs every day. To make the best decision to buy Loom Network, we are analysis in this article the performance of Loom Network on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on April 21st, 2022 to May 21st, 2022.
In the barchart below, the weekdays and average performance of Loom Network are shown side by side.
According to the performance of Loom Network between April 21st, 2022 and May 21st, 2022, Loom Network performed the best on Sundays. On average, the price of Loom Network increased 0.76% on Sunday.
The weekday on which the Loom Network performed the worst, is Saturday. On Saturdays, the Loom Network declined in value on average by -1.19%.
Loom Network weekday performance
Historical performance on Sunday do not show an increase in value of the Loom Network on which a prediction can be made. The Loom Network increased in value on average on an average Sunday with 0.76%. However, the uncertainty of this increase is high. The expected change in value of the Loom Network on a Sunday is between -0.55% and 2.06% (see also the table below).
It is hard to tell whether the Loom Network will increase or decrease in value on an average Monday. The average change on a Monday for the Loom Network is -0.08%. However, the standard deviation on this weekday is 0.21%. This means that on most Mondays, the change in value of the Loom Network is between -0.29% and 0.13%.
On an average Tuesday, the Loom Network increased 0.35%. However, since the expected deviation is 0.75%, the Loom Network will decline in value on a Tuesday quiet regularly. The expected price change of the Loom Network on a Tuesday is between -0.40% and 1.10%.
It is hard to tell whether the Loom Network will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Loom Network is -0.06%. However, the standard deviation on this weekday is 0.03%. This means that on most Wednesdays, the change in value of the Loom Network is between -0.08% and -0.03%.
Loom Network increased in value on an average Thursday only slightly. The average increase in value of the Loom Network was 0.03%. Allthough the Loom Network closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.30%). This means that on 68 percent of the Thursdays, the change in price of the Loom Network is expected to be in the range of -0.27% and 0.32%.
On Fridays, the Loom Network decreases in value on average with -0.67%. On most of the Fridays the Loom Network decreases in value between -2.43% and 1.10%. The uncertainty (1.76%) is higher than the average decline percentage (-0.67%). Therefore, expected range of price changes of the Loom Network on Fridays is large.
The Loom Network declines in value on an average Saturday with -1.19%. However, the uncertainty (or standard deviation) is quite large, namely 2.12%. This means that it is not possible to say whether on a regular Saturday the Loom Network will increase or decrease in value.
Loom Network weekday performance details
Find below the details of the performance of Loom Network 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||0.76%||1.30%||-0.55% to 2.06%|
|Monday||-0.08%||0.21%||-0.29% to 0.13%|
|Tuesday||0.35%||0.75%||-0.40% to 1.10%|
|Wednesday||-0.06%||0.03%||-0.08% to -0.03%|
|Thursday||0.03%||0.30%||-0.27% to 0.32%|
|Friday||-0.67%||1.76%||-2.43% to 1.10%|
|Saturday||-1.19%||2.12%||-3.31% to 0.93%|