Loom Network (LOOM)

Current price: $ 0.10

24 hours price change: $ -0.001765 (-1.65%)

Daily analysis of Loom Network (LOOM) - 1 month

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 September 26th, 2021 to October 26th, 2021.

In the barchart below, the weekdays and average performance of Loom Network are shown side by side.

Average daily change in price of Loom Network per weekday between 09/26/2021 and 10/26/2021.

According to the performance of Loom Network between September 26th, 2021 and October 26th, 2021, Loom Network performed the best on Sundays. On average, the price of Loom Network increased 0.32% on Sunday.

The weekday on which the Loom Network performed the worst, is Monday. On Mondays, the Loom Network declined in value on average by -0.44%.

Loom Network weekday performance

On an average Sunday, the Loom Network increased 0.32%. However, since the expected deviation is 0.38%, the Loom Network will decline in value on a Sunday quiet regularly. The expected price change of the Loom Network on a Sunday is between -0.06% and 0.70%.

Allthough the Loom Network decreases in value with -0.44% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Loom Network on Mondays is 0.51%. This means that the expected change of the value of Loom Network is between -0.95% and 0.07% on 68 out of 100 Mondays.

The average increase of the Loom Network on an average Tuesday is 0.32%. This is a small increase, however, the expected change of the Loom Network in 95% of the Tuesdays is -0.13% and 0.76%. This means that only on 2.5% (or slightly over 1 Tuesday per year) the expected change of the Loom Network is below -0.13%. On the other hand, you would not have to expect that the change on a single Tuesday will be above 0.76%. This will also only happen on 2.5% of the Tuesdays. On 68% of the Tuesdays, the increase of the Loom Network will be in the range of 0.09% and 0.54%.

Allthough the Loom Network decreases in value with -0.30% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Loom Network on Wednesdays is 0.54%. This means that the expected change of the value of Loom Network is between -0.85% and 0.24% on 68 out of 100 Wednesdays.

It is hard to tell whether the Loom Network will increase or decrease in value on an average Thursday. The average change on a Thursday for the Loom Network is -0.18%. However, the standard deviation on this weekday is 0.17%. This means that on most Thursdays, the change in value of the Loom Network is between -0.34% and -0.01%.

Loom Network increased in value on an average Friday only slightly. The average increase in value of the Loom Network was 0.24%. 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 (0.26%). This means that on 68 percent of the Fridays, the change in price of the Loom Network is expected to be in the range of -0.02% and 0.50%.

It is hard to tell whether the Loom Network will increase or decrease in value on an average Saturday. The average change on a Saturday for the Loom Network is -0.30%. However, the standard deviation on this weekday is 0.54%. This means that on most Saturdays, the change in value of the Loom Network is between -0.84% and 0.25%.

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 0.32% 0.38% -0.06% to 0.70%
Monday -0.44% 0.51% -0.95% to 0.07%
Tuesday 0.32% 0.22% 0.09% to 0.54%
Wednesday -0.30% 0.54% -0.85% to 0.24%
Thursday -0.18% 0.17% -0.34% to -0.01%
Friday 0.24% 0.26% -0.02% to 0.50%
Saturday -0.30% 0.54% -0.84% to 0.25%
 

About Us

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.