Paxos Standard Token (PAX)

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Daily analysis of Paxos Standard Token (PAX) - 6 months

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 6 months, starting on March 26th, 2022 to September 26th, 2022.

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 03/26/2022 and 09/26/2022.

According to the performance of Paxos Standard Token between March 26th, 2022 and September 26th, 2022, Paxos Standard Token performed the best on Thursdays. On average, the price of Paxos Standard Token increased 116.18% on Thursday.

The weekday on which the Paxos Standard Token performed the worst, is Tuesday. On Tuesdays, the Paxos Standard Token rose in value on average by 98.24%. The price still increased on Tuesdays, allthough it was the smallest increase of all days on average.

Paxos Standard Token weekday performance

On Sundays, the average increase of the value of the Paxos Standard Token is very high. The average increase is 108.78%. The standard deviation of the Paxos Standard Token on Sundays is 98.11%. This means that on 68% of the Sundays, the Paxos Standard Token increases between 10.66% and 206.89%. The uncertainty is therefore not very high, since on most Sundays, the value of the Paxos Standard Token will increase.

On Mondays, the average increase of the value of the Paxos Standard Token is very high. The average increase is 103.75%. The standard deviation of the Paxos Standard Token on Mondays is 97.76%. This means that on 68% of the Mondays, the Paxos Standard Token increases between 5.99% and 201.51%. The uncertainty is therefore not very high, since on most Mondays, the value of the Paxos Standard Token will increase.

The increase in value of the Paxos Standard Token is 98.24% on an average Tuesday. However, the uncertainty on the average change is high for the Paxos Standard Token on Tuesdays. This is the reason why an expected increase of the Paxos Standard Token on an average Tuesday cannot be predicted. The standard deviation for Paxos Standard Token on Tuesdays is high, namely 98.36%. This means that the expected range of value change for the Paxos Standard Token is -0.12% and 196.59% on 68% of the Tuesdays.

On Wednesdays, the average increase of the value of the Paxos Standard Token is very high. The average increase is 98.40%. The standard deviation of the Paxos Standard Token on Wednesdays is 98.06%. This means that on 68% of the Wednesdays, the Paxos Standard Token increases between 0.35% and 196.46%. The uncertainty is therefore not very high, since on most Wednesdays, the value of the Paxos Standard Token will increase.

On Thursdays, the average increase of the value of the Paxos Standard Token is very high. The average increase is 116.18%. The standard deviation of the Paxos Standard Token on Thursdays is 95.84%. This means that on 68% of the Thursdays, the Paxos Standard Token increases between 20.33% and 212.02%. The uncertainty is therefore not very high, since on most Thursdays, the value of the Paxos Standard Token will increase.

On Fridays, the average increase of the value of the Paxos Standard Token is very high. The average increase is 115.53%. The standard deviation of the Paxos Standard Token on Fridays is 96.88%. This means that on 68% of the Fridays, the Paxos Standard Token increases between 18.65% and 212.41%. The uncertainty is therefore not very high, since on most Fridays, the value of the Paxos Standard Token will increase.

On Saturdays, the average increase of the value of the Paxos Standard Token is very high. The average increase is 109.35%. The standard deviation of the Paxos Standard Token on Saturdays is 97.52%. This means that on 68% of the Saturdays, the Paxos Standard Token increases between 11.83% and 206.87%. The uncertainty is therefore not very high, since on most Saturdays, the value of the Paxos Standard Token will increase.

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 108.78% 98.11% 10.66% to 206.89%
Monday 103.75% 97.76% 5.99% to 201.51%
Tuesday 98.24% 98.36% -0.12% to 196.59%
Wednesday 98.40% 98.06% 0.35% to 196.46%
Thursday 116.18% 95.84% 20.33% to 212.02%
Friday 115.53% 96.88% 18.65% to 212.41%
Saturday 109.35% 97.52% 11.83% to 206.87%
 

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