Loom Network (LOOM)

Current price: $ 0.06

24 hours price change: $ -0.000900 (-1.57%)

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 June 25th, 2021 to July 25th, 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 06/25/2021 and 07/25/2021.

According to the performance of Loom Network between June 25th, 2021 and July 25th, 2021, Loom Network performed the best on Wednesdays. On average, the price of Loom Network increased 3.23% on Wednesday.

The weekday on which the Loom Network performed the worst, is Friday. On Fridays, the Loom Network declined in value on average by -1.61%.

Loom Network weekday performance

On an average Sunday, the Loom Network increased 0.32%. However, since the expected deviation is 1.84%, 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 -1.52% and 2.16%.

The increase in value of the Loom Network is 3.18% on an average Monday. However, the uncertainty on the average change is high for the Loom Network on Mondays. This is the reason why an expected increase of the Loom Network on an average Monday cannot be predicted. The standard deviation for Loom Network on Mondays is high, namely 5.50%. This means that the expected range of value change for the Loom Network is -2.32% and 8.68% on 68% of the Mondays.

On an average Tuesday the Loom Network shows an increase in value of 2.76%. However, the change of Loom Network on most of the Tuesdays is between -0.37% and 5.89%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Loom Networks.

The increase in value of the Loom Network is 3.23% on an average Wednesday. However, the uncertainty on the average change is high for the Loom Network on Wednesdays. This is the reason why an expected increase of the Loom Network on an average Wednesday cannot be predicted. The standard deviation for Loom Network on Wednesdays is high, namely 4.17%. This means that the expected range of value change for the Loom Network is -0.93% and 7.40% on 68% of the Wednesdays.

Loom Network increased in value on an average Thursday only slightly. The average increase in value of the Loom Network was 0.14%. 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 (0.60%). 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 -0.46% and 0.74%.

The Loom Network declines in value on an average Friday with -1.61%. However, the uncertainty (or standard deviation) is quite large, namely 4.48%. This means that it is not possible to say whether on a regular Friday the Loom Network will increase or decrease in value.

Loom Network increased in value on an average Saturday only slightly. The average increase in value of the Loom Network was 0.02%. 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 (2.01%). This means that on 68 percent of the Saturdays, the change in price of the Loom Network is expected to be in the range of -1.99% and 2.03%.

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% 1.84% -1.52% to 2.16%
Monday 3.18% 5.50% -2.32% to 8.68%
Tuesday 2.76% 3.13% -0.37% to 5.89%
Wednesday 3.23% 4.17% -0.93% to 7.40%
Thursday 0.14% 0.60% -0.46% to 0.74%
Friday -1.61% 4.48% -6.09% to 2.87%
Saturday 0.02% 2.01% -1.99% to 2.03%
 

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