PAX Gold (PAXG)

Current price: $ 1,999.61

24 hours price change: $ -16.32 (-0.81%)

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 February 1st, 2024 to March 1st, 2024.

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 02/01/2024 and 03/01/2024.

According to the performance of PAX Gold between February 1st, 2024 and March 1st, 2024, PAX Gold performed the best on Fridays. On average, the price of PAX Gold increased 0.29% on Friday.

The weekday on which the PAX Gold performed the worst, is Tuesday. On Tuesdays, the PAX Gold declined in value on average by -0.33%.

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 0.16%. The standard deviation of the PAX Gold is 0.06%, which means that in 68% of the Sundays, the range of the change of the PAX Gold is 0.10% and 0.23%. 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 -0.16%. However, the standard deviation on this weekday is 0.05%. This means that on most Mondays, the change in value of the PAX Gold is between -0.21% and -0.11%.

Allthough the PAX Gold decreases in value with -0.33% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of PAX Gold on Tuesdays is 0.42%. This means that the expected change of the value of PAX Gold is between -0.75% and 0.09% on 68 out of 100 Tuesdays.

PAX Gold increased in value on an average Wednesday only slightly. The average increase in value of the PAX Gold was 0.14%. 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 (0.44%). 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 -0.30% and 0.58%.

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 -0.23%. However, the standard deviation on this weekday is 0.42%. This means that on most Thursdays, the change in value of the PAX Gold is between -0.64% and 0.19%.

PAX Gold increased in value on an average Friday only slightly. The average increase in value of the PAX Gold was 0.29%. 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 (0.41%). 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 -0.12% and 0.70%.

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 -0.18%. However, the standard deviation on this weekday is 0.55%. This means that on most Saturdays, the change in value of the PAX Gold is between -0.73% and 0.37%.

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 0.16% 0.06% 0.10% to 0.23%
Monday -0.16% 0.05% -0.21% to -0.11%
Tuesday -0.33% 0.42% -0.75% to 0.09%
Wednesday 0.14% 0.44% -0.30% to 0.58%
Thursday -0.23% 0.42% -0.64% to 0.19%
Friday 0.29% 0.41% -0.12% to 0.70%
Saturday -0.18% 0.55% -0.73% to 0.37%
 

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