Measure whether the current gold price is above or below an average price and quantify the difference in both price units and percentage terms.
The percentage uses the average as the reference base, making the result easy to interpret as “x% above” or “x% below” average.
An arithmetic average from daily prices is different from a volume-weighted average or an investor's own average purchase cost. State the source and construction of the average when using the result for analysis.
A market moving materially above or below an average does not by itself indicate that it is mispriced. The average is a reference statistic, not a valuation model.
Yes. The result will show a negative distance.
Yes. The mathematics works for an investor's average cost as well as a market-price average.
No. Enter the average you want to analyze.