Loom Network (LOOM)

Current price: $ 0.05

24 hours price change: $ 0.000688 (1.33%)

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 1st, 2022 to October 1st, 2022.

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 09/01/2022 and 10/01/2022.

According to the performance of Loom Network between September 1st, 2022 and October 1st, 2022, Loom Network performed the best on Mondays. On average, the price of Loom Network increased 0.48% on Monday.

The weekday on which the Loom Network performed the worst, is Tuesday. On Tuesdays, the Loom Network declined in value on average by -0.47%.

Loom Network weekday performance

Loom Network increased in value on an average Sunday only slightly. The average increase in value of the Loom Network was 0.13%. 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 (0.19%). This means that on 68 percent of the Sundays, the change in price of the Loom Network is expected to be in the range of -0.06% and 0.32%.

The average increase of the Loom Network on an average Monday is 0.48%. This is a small increase, however, the expected change of the Loom Network in 95% of the Mondays is -0.30% and 1.25%. This means that only on 2.5% (or slightly over 1 Monday per year) the expected change of the Loom Network is below -0.30%. On the other hand, you would not have to expect that the change on a single Monday will be above 1.25%. This will also only happen on 2.5% of the Mondays. On 68% of the Mondays, the increase of the Loom Network will be in the range of 0.09% and 0.87%.

Allthough the Loom Network decreases in value with -0.47% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Loom Network on Tuesdays is 0.90%. This means that the expected change of the value of Loom Network is between -1.38% and 0.43% on 68 out of 100 Tuesdays.

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 -0.12%. However, the standard deviation on this weekday is 0.38%. This means that on most Wednesdays, the change in value of the Loom Network is between -0.50% and 0.26%.

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 -0.02%. However, the standard deviation on this weekday is 0.03%. This means that on most Thursdays, the change in value of the Loom Network is between -0.05% and 0.01%.

It is hard to tell whether the Loom Network will increase or decrease in value on an average Friday. The average change on a Friday for the Loom Network is -0.15%. However, the standard deviation on this weekday is 0.31%. This means that on most Fridays, the change in value of the Loom Network is between -0.46% and 0.16%.

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 -0.17%. However, the standard deviation on this weekday is 0.18%. This means that on most Saturdays, the change in value of the Loom Network is between -0.35% and 0.02%.

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 0.13% 0.19% -0.06% to 0.32%
Monday 0.48% 0.39% 0.09% to 0.87%
Tuesday -0.47% 0.90% -1.38% to 0.43%
Wednesday -0.12% 0.38% -0.50% to 0.26%
Thursday -0.02% 0.03% -0.05% to 0.01%
Friday -0.15% 0.31% -0.46% to 0.16%
Saturday -0.17% 0.18% -0.35% to 0.02%
 

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