Paxos Standard Token (PAX)

Current price: $ 1.00

24 hours price change: $ -0.000100 (-0.01%)

Daily analysis of Paxos Standard Token (PAX) - 1 month

The performance of Paxos Standard Token regarding the price differs every day. To make the best decision to buy Paxos Standard Token, we are analysis in this article the performance of Paxos Standard Token on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on January 9th, 2023 to February 9th, 2023.

In the barchart below, the weekdays and average performance of Paxos Standard Token are shown side by side.

Average daily change in price of Paxos Standard Token per weekday between 01/09/2023 and 02/09/2023.

According to the performance of Paxos Standard Token between January 9th, 2023 and February 9th, 2023, Paxos Standard Token performed the best on Saturdays. On average, the price of Paxos Standard Token increased 1.57% on Saturday.

The weekday on which the Paxos Standard Token performed the worst, is Monday. On Mondays, the Paxos Standard Token declined in value on average by -0.97%.

Paxos Standard Token weekday performance

It is hard to tell whether the Paxos Standard Token will increase or decrease in value on an average Sunday. The average change on a Sunday for the Paxos Standard Token is -0.18%. However, the standard deviation on this weekday is 0.83%. This means that on most Sundays, the change in value of the Paxos Standard Token is between -1.01% and 0.65%.

On Mondays, the Paxos Standard Token decreases in value on average with -0.97%. On most of the Mondays the Paxos Standard Token decreases in value between -3.63% and 1.70%. The uncertainty (2.66%) is higher than the average decline percentage (-0.97%). Therefore, expected range of price changes of the Paxos Standard Token on Mondays is large.

Paxos Standard Token increased in value on an average Tuesday only slightly. The average increase in value of the Paxos Standard Token was 0.21%. Allthough the Paxos Standard Token closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.38%). This means that on 68 percent of the Tuesdays, the change in price of the Paxos Standard Token is expected to be in the range of -0.17% and 0.59%.

On an average Wednesday the Paxos Standard Token shows an increase in value of 1.15%. However, the change of Paxos Standard Token on most of the Wednesdays is between -0.78% and 3.07%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Paxos Standard Tokens.

On an average Thursday the Paxos Standard Token shows a high increase in value, namely 1.26%. The standard deviation is below the average increase percentage (standard deviation is 1.00%), meaning that on 68% of the Thursdays the Paxos Standard Token will increase with a percentage between 0.26% and 2.26%. This also means that, on average, on 16 percent of the Thursdays, the Paxos Standard Token will increase with a percentage above this range. On the other 16% of the Thursdays, the Paxos Standard Token will change with a percentage below the 0.26%.

Allthough the Paxos Standard Token decreases in value with -0.37% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Paxos Standard Token on Fridays is 0.43%. This means that the expected change of the value of Paxos Standard Token is between -0.79% and 0.06% on 68 out of 100 Fridays.

On an average Saturday the Paxos Standard Token shows an increase in value of 1.57%. However, the change of Paxos Standard Token on most of the Saturdays is between -1.15% and 4.29%. Therefore it is hard to tell whether an average Saturday is a good day to start buying Paxos Standard Tokens.

Paxos Standard Token weekday performance details

Find below the details of the performance of Paxos Standard Token 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 -0.18% 0.83% -1.01% to 0.65%
Monday -0.97% 2.66% -3.63% to 1.70%
Tuesday 0.21% 0.38% -0.17% to 0.59%
Wednesday 1.15% 1.93% -0.78% to 3.07%
Thursday 1.26% 1.00% 0.26% to 2.26%
Friday -0.37% 0.43% -0.79% to 0.06%
Saturday 1.57% 2.72% -1.15% to 4.29%
 

About Us

: Financial indicators for cryptocurrencies