PAX Gold (PAXG)

Current price: $ 1,862.00

24 hours price change: $ 1,862.00 (inf%)

Daily analysis of PAX Gold (PAXG) - 1 month

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 1 month, starting on December 20th, 2020 to January 16th, 2021.

In the barchart below, the weekdays and average performance of PAX Gold are shown side by side.

Average daily change in price of PAX Gold per weekday between 12/20/2020 and 01/16/2021.

According to the performance of PAX Gold between December 20th, 2020 and January 16th, 2021, PAX Gold performed the best on Sundays. On average, the price of PAX Gold increased 0.37% on Sunday.

The weekday on which the PAX Gold performed the worst, is Monday. On Mondays, the PAX Gold declined in value on average by -0.63%.

PAX Gold weekday performance

The average increase of the PAX Gold on an average Sunday is 0.37%. This is a small increase, however, the expected change of the PAX Gold in 95% of the Sundays is -0.15% and 0.89%. This means that only on 2.5% (or slightly over 1 Sunday per year) the expected change of the PAX Gold is below -0.15%. On the other hand, you would not have to expect that the change on a single Sunday will be above 0.89%. This will also only happen on 2.5% of the Sundays. On 68% of the Sundays, the increase of the PAX Gold will be in the range of 0.11% and 0.63%.

On Mondays, the PAX Gold decreases in value on average with -0.63%. On most of the Mondays the PAX Gold decreases in value between -2.24% and 0.97%. The uncertainty (1.60%) is higher than the average decline percentage (-0.63%). Therefore, expected range of price changes of the PAX Gold on Mondays is large.

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 -0.15%. However, the standard deviation on this weekday is 0.44%. This means that on most Tuesdays, the change in value of the PAX Gold is between -0.59% and 0.29%.

On an average Wednesday, the PAX Gold increased 0.31%. However, since the expected deviation is 0.83%, the PAX Gold will decline in value on a Wednesday quiet regularly. The expected price change of the PAX Gold on a Wednesday is between -0.52% and 1.13%.

It is hard to tell whether the PAX Gold will increase or decrease in value on an average Thursday. The average change on a Thursday for the PAX Gold is -0.18%. However, the standard deviation on this weekday is 0.47%. This means that on most Thursdays, the change in value of the PAX Gold is between -0.65% and 0.29%.

On an average Friday, the PAX Gold increased 0.33%. However, since the expected deviation is 0.59%, the PAX Gold will decline in value on a Friday quiet regularly. The expected price change of the PAX Gold on a Friday is between -0.27% and 0.92%.

It is hard to tell whether the PAX Gold will increase or decrease in value on an average Saturday. The average change on a Saturday for the PAX Gold is -0.14%. However, the standard deviation on this weekday is 0.23%. This means that on most Saturdays, the change in value of the PAX Gold is between -0.37% and 0.09%.

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 0.37% 0.26% 0.11% to 0.63%
Monday -0.63% 1.60% -2.24% to 0.97%
Tuesday -0.15% 0.44% -0.59% to 0.29%
Wednesday 0.31% 0.83% -0.52% to 1.13%
Thursday -0.18% 0.47% -0.65% to 0.29%
Friday 0.33% 0.59% -0.27% to 0.92%
Saturday -0.14% 0.23% -0.37% to 0.09%
 

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