PAX Gold (PAXG)

Current price: $ 1,917.09

24 hours price change: $ -31.65 (-1.62%)

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 October 1st, 2020 to October 30th, 2020.

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 10/01/2020 and 10/30/2020.

According to the performance of PAX Gold between October 1st, 2020 and October 30th, 2020, PAX Gold performed the best on Wednesdays. On average, the price of PAX Gold increased 0.20% on Wednesday.

The weekday on which the PAX Gold performed the worst, is Saturday. On Saturdays, the PAX Gold declined in value on average by -0.32%.

PAX Gold weekday performance

PAX Gold increased in value on an average Sunday only slightly. The average increase in value of the PAX Gold was 0.10%. 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 (0.16%). This means that on 68 percent of the Sundays, the change in price of the PAX Gold is expected to be in the range of -0.07% and 0.26%.

PAX Gold increased in value on an average Monday only slightly. The average increase in value of the PAX Gold was 0.08%. 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 (0.18%). 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 -0.10% and 0.27%.

PAX Gold increased in value on an average Tuesday only slightly. The average increase in value of the PAX Gold was 0.06%. 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 (0.12%). This means that on 68 percent of the Tuesdays, the change in price of the PAX Gold is expected to be in the range of -0.06% and 0.18%.

The PAX Gold will almost not change or only slightly increase in value on an average Wednesday. The average change of the PAX Gold on Wednesdays is 0.20%. The standard deviation of the PAX Gold is 0.12%, which means that in 68% of the Wednesdays, the range of the change of the PAX Gold is 0.08% and 0.31%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.

PAX Gold increased in value on an average Thursday only slightly. The average increase in value of the PAX Gold was 0.06%. 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 (0.31%). This means that on 68 percent of the Thursdays, the change in price of the PAX Gold is expected to be in the range of -0.25% and 0.37%.

PAX Gold increased in value on an average Friday only slightly. The average increase in value of the PAX Gold was 0.11%. 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 (0.19%). 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 -0.08% and 0.30%.

Allthough the PAX Gold decreases in value with -0.32% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of PAX Gold on Saturdays is 0.23%. This means that the expected change of the value of PAX Gold is between -0.55% and -0.09% on 68 out of 100 Saturdays.

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 0.10% 0.16% -0.07% to 0.26%
Monday 0.08% 0.18% -0.10% to 0.27%
Tuesday 0.06% 0.12% -0.06% to 0.18%
Wednesday 0.20% 0.12% 0.08% to 0.31%
Thursday 0.06% 0.31% -0.25% to 0.37%
Friday 0.11% 0.19% -0.08% to 0.30%
Saturday -0.32% 0.23% -0.55% to -0.09%
 

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