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 years, starting on October 17th, 2019 to August 12th, 2020.
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 10/17/2019 and 08/12/2020.
According to the performance of PAX Gold between October 17th, 2019 and August 12th, 2020, PAX Gold performed the best on Thursdays. On average, the price of PAX Gold increased inf% on Thursday.
The weekday on which the PAX Gold performed the worst, is Sunday. On Sundays, the PAX Gold declined in value on average by -0.26%.
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 -0.26%. However, the standard deviation on this weekday is 1.65%. This means that on most Sundays, the change in value of the PAX Gold is between -1.91% and 1.39%.
PAX Gold increased in value on an average Monday only slightly. The average increase in value of the PAX Gold was 0.04%. 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 (0.79%). This means that on 68 percent of the Mondays, the change in price of the PAX Gold is expected to be in the range of -0.75% and 0.82%.
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 -0.13%. However, the standard deviation on this weekday is 2.30%. This means that on most Tuesdays, the change in value of the PAX Gold is between -2.43% and 2.16%.
PAX Gold increased in value on an average Wednesday only slightly. The average increase in value of the PAX Gold was 0.09%. 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 (0.70%). 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 -0.61% and 0.79%.
On Thursdays, the average increase of the value of the PAX Gold is very high. The average increase is inf%. The standard deviation of the PAX Gold on Thursdays is nan%. This means that on 68% of the Thursdays, the PAX Gold increases between nan% and nan%. The uncertainty is therefore not very high, since on most Thursdays, the value of the PAX Gold will increase.
PAX Gold increased in value on an average Friday only slightly. The average increase in value of the PAX Gold was 0.05%. 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 (1.38%). 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 -1.33% and 1.44%.
On an average Saturday, the PAX Gold increased 0.32%. However, since the expected deviation is 1.74%, the PAX Gold will decline in value on a Saturday quiet regularly. The expected price change of the PAX Gold on a Saturday is between -1.42% and 2.07%.
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 | -0.26% | 1.65% | -1.91% to 1.39% |
| Monday | 0.04% | 0.79% | -0.75% to 0.82% |
| Tuesday | -0.13% | 2.30% | -2.43% to 2.16% |
| Wednesday | 0.09% | 0.70% | -0.61% to 0.79% |
| Thursday | inf% | nan% | nan% to nan% |
| Friday | 0.05% | 1.38% | -1.33% to 1.44% |
| Saturday | 0.32% | 1.74% | -1.42% to 2.07% |