ADA Volatility Analysis for Continued Claims, 1st September 2022

Data Analysis

The release

Released by the Department of Labor on 1 September 2022 at 8:30 AM EDT. Continued Jobless Claims fell to 1420K for the week ending 20th Aug, from 1421K in the week ending 13th Aug.

It arrived at the same moment as Initial Jobless Claims, so the reaction measured on this page belongs to all of them together.

How Cardano moved

Cardano was at $0.4455 when the figure came out. Fifteen minutes later it was 0.13% lower, and an hour later 1.05% higher. Its high-to-low range in the hour after was 4.33% of its price, against 1.44% in the hour before.

Measured by Clometrix

Cardano's volatility ratio was 1.72x, against 1.35x for a typical Continued Claims release since 2021. Its volume ratio was 1.85x, against a typical 1.63x. That is about what this release usually does. Both compare the quarter hour of the release with an ordinary quarter hour that same day, where 1.00x is no change: volatility is how far the price ranged, volume how much traded.

What made it matter

Since 2021, Continued Claims releases in the two weeks before a Fed decision have moved Cardano about as much as those at other times: a median volatility ratio of 1.33x across 93, against 1.36x across 206. This one was not within two weeks of a Fed decision. Its own ratio of 1.72x compares with 1.36x for those, so it moved the price more than its circumstances alone would suggest.

Its record

Across 299 Continued Claims releases since 2021, Cardano's median volatility ratio is 1.35x.

About Continued Jobless Claims

The weekly claims report is released Thursdays at 8:30 a.m. ET by the U.S. Department of Labor (DOL). Continued claims, also referred to as insured unemployment, is the number of people who have already filed an initial claim and who have experienced a week of unemployment and then filed a continued claim to claim benefits for that week of unemployment. Continued claims data are based on the week of unemployment, not the week when the initial claim was filed.

Disclaimer

The data analysis, forecasted results and projections provided herein are based on historical price action and market trends. While every effort has been made to ensure the accuracy of the information, these predictions are speculative and should not be considered a guarantee of future performance. Market conditions can change rapidly, and past performance is not indicative of future results. Trading and investing involve significant risk, and you should conduct your own research and consult with a licensed financial advisor before making any investment decisions. We do not assume any liability for any losses that may result from reliance on this information.

ADA-USDT

Cardano

Open

0.4484

0.4567

24h Change

0.0083 (1.82%)

24h High

0.4624

24h Low

0.4407

24h Volume

125.762M ADA

US Continued Jobless Claims

Department of Labor

1st September, 2022, 8:30AM Timezone: America/New York

Chart Data from Binance

Observations

Time	Open	High	Low	Close	Change	Amplitude	Volume

1 Minute
Before	0.4451	0.4456	0.4451	0.4455	0.09%	0.11%	29,919 ADA
During	0.4455	0.4463	0.4449	0.4463	0.18%	0.31%	113,548 ADA

5 Minutes
Before	0.4448	0.4456	0.4441	0.4455	0.16%	0.34%	384,517 ADA
During	0.4455	0.4465	0.4434	0.4435	-0.45%	0.69%	516,043 ADA

10 Minutes
Before	0.4469	0.4469	0.4441	0.4455	-0.31%	0.63%	738,444 ADA
During	0.4455	0.4465	0.4431	0.4439	-0.36%	0.76%	800,317 ADA

15 Minutes
Before	0.447	0.4474	0.4441	0.4455	-0.34%	0.74%	969,728 ADA
During	0.4455	0.4465	0.4431	0.4449	-0.13%	0.76%	1.428M ADA

30 Minutes
Before	0.4479	0.4488	0.4441	0.4455	-0.54%	1.05%	1.461M ADA
During	0.4455	0.4624	0.4431	0.4577	2.67%	4.17%	13.588M ADA

1 Hour
Before	0.4473	0.4505	0.4441	0.4455	-0.40%	1.42%	3.79M ADA
During	0.4455	0.4624	0.4431	0.4502	1.04%	4.17%	33.427M ADA

2 Hours
Before	0.4451	0.4505	0.4441	0.4455	0.09%	1.42%	6.866M ADA
During	0.4455	0.4624	0.4431	0.4479	0.54%	4.17%	44.328M ADA

4 Hours
Before	0.4453	0.4505	0.4407	0.4455	0.04%	2.18%	16.001M ADA
During	0.4455	0.4624	0.4416	0.4473	0.40%	4.50%	57.703M ADA

6 Hours
Before	0.4478	0.4505	0.4407	0.4455	-0.52%	2.18%	22.166M ADA
During	0.4455	0.4624	0.4416	0.4535	1.76%	4.50%	67.665M ADA

8 Hours
Before	0.4484	0.4516	0.4412	0.4454	-0.67%	2.30%	24.278M ADA
During	0.4453	0.4624	0.4407	0.4473	0.45%	4.69%	73.703M ADA

12 Hours
Before	0.4484	0.4516	0.4407	0.4455	-0.65%	2.41%	40.278M ADA
During	0.4455	0.4624	0.4416	0.4567	2.45%	4.50%	85.484M ADA