Loom Network (LOOM)

Current price: $ 0.13

24 hours price change: $ 0.01 (11.89%)

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 February 4th, 2021 to March 4th, 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 02/04/2021 and 03/04/2021.

According to the performance of Loom Network between February 4th, 2021 and March 4th, 2021, Loom Network performed the best on Fridays. On average, the price of Loom Network increased 5.74% on Friday.

The weekday on which the Loom Network performed the worst, is Sunday. On Sundays, the Loom Network declined in value on average by -4.16%.

Loom Network weekday performance

The decrease in value of the Loom Network is -4.16% on an average Sunday. The uncertainty of the average change is high for the Loom Network on Sundays. This means that it is hard to tell whether the Loom Network will decrease or increase in value on an average Sunday. If we look at the 68% range of the Loom Network, we see that on 68% of the Sundays, the expected change of the Loom Network is between -9.39% and 1.08%.

The Loom Network declines in value on an average Monday with -1.62%. However, the uncertainty (or standard deviation) is quite large, namely 3.10%. This means that it is not possible to say whether on a regular Monday the Loom Network will increase or decrease in value.

Allthough the Loom Network decreases in value with -0.51% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Loom Network on Tuesdays is 0.28%. This means that the expected change of the value of Loom Network is between -0.79% and -0.24% on 68 out of 100 Tuesdays.

On Wednesdays, the Loom Network decreases in value on average with -0.92%. On most of the Wednesdays the Loom Network decreases in value between -1.94% and 0.10%. The uncertainty (1.02%) is higher than the average decline percentage (-0.92%). Therefore, expected range of price changes of the Loom Network on Wednesdays is large.

On an average Thursday the Loom Network shows a high increase in value, namely 2.99%. The standard deviation is below the average increase percentage (standard deviation is 2.37%), meaning that on 68% of the Thursdays the Loom Network will increase with a percentage between 0.62% and 5.35%. This also means that, on average, on 16 percent of the Thursdays, the Loom Network will increase with a percentage above this range. On the other 16% of the Thursdays, the Loom Network will change with a percentage below the 0.62%.

The increase in value of the Loom Network is 5.74% on an average Friday. However, the uncertainty on the average change is high for the Loom Network on Fridays. This is the reason why an expected increase of the Loom Network on an average Friday cannot be predicted. The standard deviation for Loom Network on Fridays is high, namely 14.66%. This means that the expected range of value change for the Loom Network is -8.92% and 20.40% on 68% of the Fridays.

The increase in value of the Loom Network is 3.17% on an average Saturday. However, the uncertainty on the average change is high for the Loom Network on Saturdays. This is the reason why an expected increase of the Loom Network on an average Saturday cannot be predicted. The standard deviation for Loom Network on Saturdays is high, namely 6.94%. This means that the expected range of value change for the Loom Network is -3.77% and 10.11% on 68% of the Saturdays.

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 -4.16% 5.23% -9.39% to 1.08%
Monday -1.62% 3.10% -4.72% to 1.48%
Tuesday -0.51% 0.28% -0.79% to -0.24%
Wednesday -0.92% 1.02% -1.94% to 0.10%
Thursday 2.99% 2.37% 0.62% to 5.35%
Friday 5.74% 14.66% -8.92% to 20.40%
Saturday 3.17% 6.94% -3.77% to 10.11%
 

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