Loom Network (LOOM)

Current price: $ 0.02

24 hours price change: $ -0.000371 (-1.90%)

Daily analysis of Loom Network (LOOM) - 1 year

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 year, starting on July 7th, 2019 to July 6th, 2020.

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 07/07/2019 and 07/06/2020.

According to the performance of Loom Network between July 7th, 2019 and July 6th, 2020, Loom Network performed the best on Tuesdays. On average, the price of Loom Network increased 0.17% on Tuesday.

The weekday on which the Loom Network performed the worst, is Monday. On Mondays, the Loom Network declined in value on average by -1.13%.

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 0.04%. 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 (1.57%). 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 -1.53% and 1.62%.

The Loom Network declines in value on an average Monday with -1.13%. However, the uncertainty (or standard deviation) is quite large, namely 3.54%. This means that it is not possible to say whether on a regular Monday the Loom Network will increase or decrease in value.

Loom Network increased in value on an average Tuesday only slightly. The average increase in value of the Loom Network was 0.17%. 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 (5.81%). This means that on 68 percent of the Tuesdays, the change in price of the Loom Network is expected to be in the range of -5.64% and 5.98%.

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 3.33%. This means that on most Wednesdays, the change in value of the Loom Network is between -3.45% and 3.21%.

Allthough the Loom Network decreases in value with -0.46% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Loom Network on Thursdays is 6.68%. This means that the expected change of the value of Loom Network is between -7.14% and 6.22% on 68 out of 100 Thursdays.

Loom Network increased in value on an average Friday only slightly. The average increase in value of the Loom Network was 0.06%. 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 (2.14%). 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 -2.08% and 2.20%.

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 -0.10%. However, the standard deviation on this weekday is 4.22%. This means that on most Saturdays, the change in value of the Loom Network is between -4.32% and 4.12%.

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 0.04% 1.57% -1.53% to 1.62%
Monday -1.13% 3.54% -4.67% to 2.41%
Tuesday 0.17% 5.81% -5.64% to 5.98%
Wednesday -0.12% 3.33% -3.45% to 3.21%
Thursday -0.46% 6.68% -7.14% to 6.22%
Friday 0.06% 2.14% -2.08% to 2.20%
Saturday -0.10% 4.22% -4.32% to 4.12%
 

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