PAX Gold (PAXG)

Current price: $ 1,794.63

24 hours price change: $ -26.45 (-1.45%)

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 28th, 2021 to January 28th, 2022.

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 12/28/2021 and 01/28/2022.

According to the performance of PAX Gold between December 28th, 2021 and January 28th, 2022, PAX Gold performed the best on Sundays. On average, the price of PAX Gold increased 0.20% on Sunday.

The weekday on which the PAX Gold performed the worst, is Wednesday. On Wednesdays, the PAX Gold declined in value on average by -0.22%.

PAX Gold weekday performance

The PAX Gold will almost not change or only slightly increase in value on an average Sunday. The average change of the PAX Gold on Sundays is 0.20%. The standard deviation of the PAX Gold is 0.17%, which means that in 68% of the Sundays, the range of the change of the PAX Gold is 0.03% and 0.37%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.

It is hard to tell whether the PAX Gold will increase or decrease in value on an average Monday. The average change on a Monday for the PAX Gold is -0.10%. However, the standard deviation on this weekday is 0.27%. This means that on most Mondays, the change in value of the PAX Gold is between -0.37% and 0.16%.

PAX Gold increased in value on an average Tuesday only slightly. The average increase in value of the PAX Gold was 0.03%. 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 Tuesdays, the change in price of the PAX Gold is expected to be in the range of -0.13% and 0.19%.

It is hard to tell whether the PAX Gold will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the PAX Gold is -0.22%. However, the standard deviation on this weekday is 0.59%. This means that on most Wednesdays, the change in value of the PAX Gold is between -0.81% and 0.37%.

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 -0.08%. However, the standard deviation on this weekday is 0.28%. This means that on most Thursdays, the change in value of the PAX Gold is between -0.36% and 0.20%.

It is hard to tell whether the PAX Gold will increase or decrease in value on an average Friday. The average change on a Friday for the PAX Gold is -0.12%. However, the standard deviation on this weekday is 0.64%. This means that on most Fridays, the change in value of the PAX Gold is between -0.76% and 0.52%.

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 -0.19%. However, the standard deviation on this weekday is 0.24%. This means that on most Saturdays, the change in value of the PAX Gold is between -0.43% and 0.05%.

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 0.20% 0.17% 0.03% to 0.37%
Monday -0.10% 0.27% -0.37% to 0.16%
Tuesday 0.03% 0.16% -0.13% to 0.19%
Wednesday -0.22% 0.59% -0.81% to 0.37%
Thursday -0.08% 0.28% -0.36% to 0.20%
Friday -0.12% 0.64% -0.76% to 0.52%
Saturday -0.19% 0.24% -0.43% to 0.05%
 

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