Paxos Standard Token (PAX)

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

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 year, starting on May 20th, 2023 to September 26th, 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 05/20/2023 and 09/26/2023.

According to the performance of Paxos Standard Token between May 20th, 2023 and September 26th, 2023, Paxos Standard Token performed the best on Wednesdays. On average, the price of Paxos Standard Token increased 0.01% on Wednesday.

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 -0.02%.

Paxos Standard Token weekday performance

Paxos Standard Token increased in value on an average Sunday only slightly. The average increase in value of the Paxos Standard Token was 0.00%. 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 (0.01%). This means that on 68 percent of the Sundays, the change in price of the Paxos Standard Token is expected to be in the range of -0.01% and 0.02%.

It is hard to tell whether the Paxos Standard Token will increase or decrease in value on an average Monday. The average change on a Monday for the Paxos Standard Token is -0.02%. However, the standard deviation on this weekday is 0.05%. This means that on most Mondays, the change in value of the Paxos Standard Token is between -0.06% and 0.03%.

Paxos Standard Token increased in value on an average Tuesday only slightly. The average increase in value of the Paxos Standard Token was 0.01%. 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 (0.04%). 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 -0.03% and 0.05%.

Paxos Standard Token increased in value on an average Wednesday only slightly. The average increase in value of the Paxos Standard Token was 0.01%. 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 (0.03%). This means that on 68 percent of the Wednesdays, the change in price of the Paxos Standard Token is expected to be in the range of -0.02% and 0.05%.

It is hard to tell whether the Paxos Standard Token will increase or decrease in value on an average Thursday. The average change on a Thursday for the Paxos Standard Token is 0.00%. However, the standard deviation on this weekday is 0.03%. This means that on most Thursdays, the change in value of the Paxos Standard Token is between -0.03% and 0.03%.

It is hard to tell whether the Paxos Standard Token will increase or decrease in value on an average Friday. The average change on a Friday for the Paxos Standard Token is 0.00%. However, the standard deviation on this weekday is 0.02%. This means that on most Fridays, the change in value of the Paxos Standard Token is between -0.02% and 0.02%.

Paxos Standard Token increased in value on an average Saturday only slightly. The average increase in value of the Paxos Standard Token was 0.01%. 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 (0.02%). This means that on 68 percent of the Saturdays, the change in price of the Paxos Standard Token is expected to be in the range of -0.01% and 0.03%.

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 0.00% 0.01% -0.01% to 0.02%
Monday -0.02% 0.05% -0.06% to 0.03%
Tuesday 0.01% 0.04% -0.03% to 0.05%
Wednesday 0.01% 0.03% -0.02% to 0.05%
Thursday 0.00% 0.03% -0.03% to 0.03%
Friday 0.00% 0.02% -0.02% to 0.02%
Saturday 0.01% 0.02% -0.01% to 0.03%
 

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