PAX Gold (PAXG)

Current price: $ 1,793.91

24 hours price change: $ 29.98 (1.70%)

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 January 5th, 2020 to July 4th, 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 01/05/2020 and 07/04/2020.

According to the performance of PAX Gold between January 5th, 2020 and July 4th, 2020, PAX Gold performed the best on Saturdays. On average, the price of PAX Gold increased 0.43% on Saturday.

The weekday on which the PAX Gold performed the worst, is Sunday. On Sundays, the PAX Gold declined in value on average by -0.50%.

PAX Gold weekday performance

Allthough the PAX Gold decreases in value with -0.50% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of PAX Gold on Sundays is 2.02%. This means that the expected change of the value of PAX Gold is between -2.52% and 1.52% on 68 out of 100 Sundays.

PAX Gold increased in value on an average Monday only slightly. The average increase in value of the PAX Gold was 0.08%. 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 (0.50%). 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 -0.43% and 0.58%.

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 -0.26%. However, the standard deviation on this weekday is 2.91%. This means that on most Tuesdays, the change in value of the PAX Gold is between -3.17% and 2.65%.

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 (0.77%). 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 -0.68% and 0.86%.

PAX Gold increased in value on an average Thursday only slightly. The average increase in value of the PAX Gold was 0.13%. 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 (0.77%). This means that on 68 percent of the Thursdays, the change in price of the PAX Gold is expected to be in the range of -0.64% and 0.90%.

PAX Gold increased in value on an average Friday only slightly. The average increase in value of the PAX Gold was 0.13%. 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 (1.19%). 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 -1.06% and 1.32%.

On an average Saturday, the PAX Gold increased 0.43%. However, since the expected deviation is 2.12%, 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 -1.69% and 2.55%.

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 -0.50% 2.02% -2.52% to 1.52%
Monday 0.08% 0.50% -0.43% to 0.58%
Tuesday -0.26% 2.91% -3.17% to 2.65%
Wednesday 0.09% 0.77% -0.68% to 0.86%
Thursday 0.13% 0.77% -0.64% to 0.90%
Friday 0.13% 1.19% -1.06% to 1.32%
Saturday 0.43% 2.12% -1.69% to 2.55%
 

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