The performance of PAX Gold regarding the price differs every day. To make the best decision to buy PAX Gold, we are analysis in this article the performance of PAX Gold on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last years, starting on October 17th, 2019 to May 28th, 2023.
In the barchart below, the weekdays and average performance of PAX Gold are shown side by side.
According to the performance of PAX Gold between October 17th, 2019 and May 28th, 2023, PAX Gold performed the best on Thursdays. On average, the price of PAX Gold increased 732.48% on Thursday.
The weekday on which the PAX Gold performed the worst, is Sunday. On Sundays, the PAX Gold declined in value on average by -0.06%.
PAX Gold weekday performance
It is hard to tell whether the PAX Gold will increase or decrease in value on an average Sunday. The average change on a Sunday for the PAX Gold is -0.06%. However, the standard deviation on this weekday is 0.85%. This means that on most Sundays, the change in value of the PAX Gold is between -0.91% and 0.79%.
PAX Gold increased in value on an average Monday only slightly. The average increase in value of the PAX Gold was 0.01%. Allthough the PAX Gold closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.58%). This means that on 68 percent of the Mondays, the change in price of the PAX Gold is expected to be in the range of -0.57% and 0.59%.
It is hard to tell whether the PAX Gold will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the PAX Gold is -0.03%. However, the standard deviation on this weekday is 1.15%. This means that on most Tuesdays, the change in value of the PAX Gold is between -1.18% and 1.12%.
PAX Gold increased in value on an average Wednesday only slightly. The average increase in value of the PAX Gold was 0.00%. Allthough the PAX Gold closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.51%). This means that on 68 percent of the Wednesdays, the change in price of the PAX Gold is expected to be in the range of -0.51% and 0.51%.
The increase in value of the PAX Gold is 732.48% on an average Thursday. However, the uncertainty on the average change is high for the PAX Gold on Thursdays. This is the reason why an expected increase of the PAX Gold on an average Thursday cannot be predicted. The standard deviation for PAX Gold on Thursdays is high, namely 10,044.01%. This means that the expected range of value change for the PAX Gold is -9,311.53% and 10,776.49% on 68% of the Thursdays.
PAX Gold increased in value on an average Friday only slightly. The average increase in value of the PAX Gold was 0.00%. Allthough the PAX Gold closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.75%). This means that on 68 percent of the Fridays, the change in price of the PAX Gold is expected to be in the range of -0.74% and 0.75%.
PAX Gold increased in value on an average Saturday only slightly. The average increase in value of the PAX Gold was 0.05%. Allthough the PAX Gold closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.90%). This means that on 68 percent of the Saturdays, the change in price of the PAX Gold is expected to be in the range of -0.86% and 0.95%.
PAX Gold weekday performance details
Find below the details of the performance of PAX Gold 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 | -0.06% | 0.85% | -0.91% to 0.79% |
| Monday | 0.01% | 0.58% | -0.57% to 0.59% |
| Tuesday | -0.03% | 1.15% | -1.18% to 1.12% |
| Wednesday | 0.00% | 0.51% | -0.51% to 0.51% |
| Thursday | 732.48% | 10,044.01% | -9,311.53% to 10,776.49% |
| Friday | 0.00% | 0.75% | -0.74% to 0.75% |
| Saturday | 0.05% | 0.90% | -0.86% to 0.95% |