PAX Gold Financials
| PAXG Crypto | USD 2,633 6.61 0.25% |
PAX |
Please note, the presentation of PAX Gold's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, PAX Gold's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of PAX Gold's management manipulating its earnings.
PAX Gold Crypto Summary
PAX Gold competes with XRP, Solana, Staked Ether, Sui, and Toncoin. PAX Gold is peer-to-peer digital currency powered by the Blockchain technology.| Exchange Type | CRYPTO Exchanges |
| Exchange | Others |
| Benchmark | Dow Jones Industrial |
| Currency | USD - US Dollar |
PAX Gold Systematic Risk
PAX Gold's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. PAX Gold volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was ten with a total number of output elements of fifty-one. The Beta measures systematic risk based on how returns on PAX Gold correlated with the market. If Beta is less than 0 PAX Gold generally moves in the opposite direction as compared to the market. If PAX Gold Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one PAX Gold is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of PAX Gold is generally in the same direction as the market. If Beta > 1 PAX Gold moves generally in the same direction as, but more than the movement of the benchmark.
PAX Gold November 30, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of PAX Gold help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of PAX Gold. We use our internally-developed statistical techniques to arrive at the intrinsic value of PAX Gold based on widely used predictive technical indicators. In general, we focus on analyzing PAX Crypto Coin price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build PAX Gold's daily price indicators and compare them against related drivers.
| Downside Deviation | 1.42 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 6.6 | |||
| Value At Risk | (2.00) | |||
| Potential Upside | 1.61 |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PAX Gold. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.