Loom Network (LOOM)

Current price: $ 0.13

24 hours price change: $ 0.001990 (1.50%)

Daily analysis of Loom Network (LOOM) - 6 months

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 6 months, starting on November 11th, 2020 to May 11th, 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 11/11/2020 and 05/11/2021.

According to the performance of Loom Network between November 11th, 2020 and May 11th, 2021, Loom Network performed the best on Sundays. On average, the price of Loom Network increased 1.51% on Sunday.

The weekday on which the Loom Network performed the worst, is Wednesday. On Wednesdays, the Loom Network declined in value on average by -0.50%.

Loom Network weekday performance

On an average Sunday the Loom Network shows an increase in value of 1.51%. However, the change of Loom Network on most of the Sundays is between -6.01% and 9.03%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Loom Networks.

Historical performance on Monday do not show an increase in value of the Loom Network on which a prediction can be made. The Loom Network increased in value on average on an average Monday with 0.64%. However, the uncertainty of this increase is high. The expected change in value of the Loom Network on a Monday is between -4.09% and 5.36% (see also the table below).

It is hard to tell whether the Loom Network will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Loom Network is -0.25%. However, the standard deviation on this weekday is 3.61%. This means that on most Tuesdays, the change in value of the Loom Network is between -3.86% and 3.36%.

Allthough the Loom Network decreases in value with -0.50% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Loom Network on Wednesdays is 4.02%. This means that the expected change of the value of Loom Network is between -4.52% and 3.53% on 68 out of 100 Wednesdays.

Historical performance on Thursday do not show an increase in value of the Loom Network on which a prediction can be made. The Loom Network increased in value on average on an average Thursday with 0.66%. However, the uncertainty of this increase is high. The expected change in value of the Loom Network on a Thursday is between -2.28% and 3.59% (see also the table below).

On an average Friday the Loom Network shows an increase in value of 1.21%. However, the change of Loom Network on most of the Fridays is between -5.64% and 8.06%. Therefore it is hard to tell whether an average Friday is a good day to start buying Loom Networks.

Historical performance on Saturday do not show an increase in value of the Loom Network on which a prediction can be made. The Loom Network increased in value on average on an average Saturday with 0.81%. However, the uncertainty of this increase is high. The expected change in value of the Loom Network on a Saturday is between -4.51% and 6.13% (see also the table below).

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 1.51% 7.52% -6.01% to 9.03%
Monday 0.64% 4.72% -4.09% to 5.36%
Tuesday -0.25% 3.61% -3.86% to 3.36%
Wednesday -0.50% 4.02% -4.52% to 3.53%
Thursday 0.66% 2.93% -2.28% to 3.59%
Friday 1.21% 6.85% -5.64% to 8.06%
Saturday 0.81% 5.32% -4.51% to 6.13%
 

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