PAX Gold (PAXG)

Current price: $ 1,797.09

24 hours price change: $ 9.67 (0.54%)

Daily analysis of PAX Gold (PAXG) - 6 months

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 6 months, starting on June 10th, 2022 to December 10th, 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 06/10/2022 and 12/10/2022.

The weekday on which the PAX Gold performed the worst, is Thursday. On Thursdays, the PAX Gold declined in value on average by -0.38%.

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 -0.03%. However, the standard deviation on this weekday is 0.10%. This means that on most Sundays, the change in value of the PAX Gold is between -0.12% and 0.07%.

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 -0.01%. However, the standard deviation on this weekday is 0.16%. This means that on most Mondays, the change in value of the PAX Gold is between -0.17% and 0.15%.

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 -0.06%. However, the standard deviation on this weekday is 0.22%. This means that on most Tuesdays, the change in value of the PAX Gold is between -0.27% and 0.16%.

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 -0.03%. However, the standard deviation on this weekday is 0.28%. This means that on most Wednesdays, the change in value of the PAX Gold is between -0.31% and 0.25%.

Allthough the PAX Gold decreases in value with -0.38% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of PAX Gold on Thursdays is 1.82%. This means that the expected change of the value of PAX Gold is between -2.20% and 1.44% on 68 out of 100 Thursdays.

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 0.00%. However, the standard deviation on this weekday is 0.12%. This means that on most Fridays, the change in value of the PAX Gold is between -0.12% and 0.11%.

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 -0.03%. However, the standard deviation on this weekday is 0.31%. This means that on most Saturdays, the change in value of the PAX Gold is between -0.34% and 0.29%.

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 -0.03% 0.10% -0.12% to 0.07%
Monday -0.01% 0.16% -0.17% to 0.15%
Tuesday -0.06% 0.22% -0.27% to 0.16%
Wednesday -0.03% 0.28% -0.31% to 0.25%
Thursday -0.38% 1.82% -2.20% to 1.44%
Friday 0.00% 0.12% -0.12% to 0.11%
Saturday -0.03% 0.31% -0.34% to 0.29%
 

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