PAX Gold Market Value
| PAXG Crypto | USD 4,332 3.71 0.09% |
| Symbol | PAX |
PAX Gold 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to PAX Gold's crypto coin what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of PAX Gold.
| 06/09/2024 |
| 12/31/2025 |
If you would invest 0.00 in PAX Gold on June 9, 2024 and sell it all today you would earn a total of 0.00 from holding PAX Gold or generate 0.0% return on investment in PAX Gold over 570 days. PAX Gold is related to or competes with Staked Ether, EigenLayer, Morpho, Allora, and DIA. PAX Gold is peer-to-peer digital currency powered by the Blockchain technology.
PAX Gold Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure PAX Gold's crypto coin current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess PAX Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.71 | |||
| Information Ratio | 0.0718 | |||
| Maximum Drawdown | 9.29 | |||
| Value At Risk | (3.39) | |||
| Potential Upside | 3.43 |
PAX Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PAX Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PAX Gold's standard deviation. In reality, there are many statistical measures that can use PAX Gold historical prices to predict the future PAX Gold's volatility.| Risk Adjusted Performance | 0.0858 | |||
| Jensen Alpha | 0.1719 | |||
| Total Risk Alpha | 0.0365 | |||
| Sortino Ratio | 0.0694 | |||
| Treynor Ratio | 1.49 |
PAX Gold Backtested Returns
At this point, PAX Gold is relatively risky. PAX Gold maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies digital coin had a 0.11 % return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for PAX Gold, which you can use to evaluate the volatility of coin. Please check PAX Gold's Market Risk Adjusted Performance of 1.5, coefficient of variation of 874.99, and Mean Deviation of 1.02 to confirm if the risk estimate we provide is consistent with the expected return of 0.18%. The entity holds a Beta of 0.12, which implies not very significant fluctuations relative to the market. As returns on the market increase, PAX Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding PAX Gold is expected to be smaller as well.
Auto-correlation | 0.81 |
Very good predictability
PAX Gold has very good predictability. Overlapping area represents the amount of predictability between PAX Gold time series from 9th of June 2024 to 21st of March 2025 and 21st of March 2025 to 31st of December 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of PAX Gold price movement. The serial correlation of 0.81 indicates that around 81.0% of current PAX Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 167.2 K |
PAX Gold lagged returns against current returns
Autocorrelation, which is PAX Gold crypto coin's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting PAX Gold's crypto coin expected returns. We can calculate the autocorrelation of PAX Gold returns to help us make a trade decision. For example, suppose you find that PAX Gold has exhibited high autocorrelation historically, and you observe that the crypto coin is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
PAX Gold regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If PAX Gold crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PAX Gold crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PAX Gold crypto coin over time.
Current vs Lagged Prices |
| Timeline |
PAX Gold Lagged Returns
When evaluating PAX Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PAX Gold crypto coin have on its future price. PAX Gold autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, PAX Gold autocorrelation shows the relationship between PAX Gold crypto coin current value and its past values and can show if there is a momentum factor associated with investing in PAX Gold.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether PAX Gold offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of PAX Gold's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Pax Gold Crypto.Check out PAX Gold Correlation, PAX Gold Volatility and Investing Opportunities module to complement your research on PAX Gold. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
PAX Gold technical crypto coin analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, crypto market cycles, or different charting patterns.