ADA Volatility Analysis for Continued Claims, 17th November 2022

Data Analysis

Measured by Clometrix

Cardano's volatility ratio was 2.05x, against 1.35x for a typical Continued Claims release since 2021. Its volume ratio was 2.15x, against a typical 1.63x. That is a strong reaction by this release's own standard. 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.

How Cardano moved

Cardano was at $0.3221 when the figure came out. Fifteen minutes later it was 0.25% lower, and an hour later 0.53% lower. Its high-to-low range in the hour after was 1.37% of its price, against 1.86% in the hour before.

The release

Released by the Department of Labor on 17 November 2022 at 8:30 AM EST. Continued Jobless Claims rose to 1452K for the week ending 5th Nov, from 1409K in the week ending 29th Oct.

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

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 2.05x 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

0.3333

0.3285

24h Change

-0.0048 (-1.46%)

24h High

0.3339

24h Low

0.3186

24h Volume

76.706M ADA

US Continued Jobless Claims

Department of Labor

17th November, 2022, 8:30AM Timezone: America/New York

Chart Data from Binance

Observations

Time	Open	High	Low	Close	Change	Amplitude	Volume

1 Minute
Before	0.322	0.3222	0.322	0.322	0.00%	0.06%	53,156 ADA
During	0.3221	0.3233	0.3219	0.3229	0.25%	0.43%	159,681 ADA

5 Minutes
Before	0.3209	0.3222	0.3205	0.322	0.34%	0.53%	264,017 ADA
During	0.3221	0.3233	0.3213	0.3214	-0.22%	0.62%	579,889 ADA

10 Minutes
Before	0.32	0.3222	0.3186	0.322	0.62%	1.12%	1.169M ADA
During	0.3221	0.3233	0.321	0.3214	-0.22%	0.71%	1.131M ADA

15 Minutes
Before	0.3218	0.3223	0.3186	0.322	0.06%	1.15%	3.129M ADA
During	0.3221	0.3233	0.3207	0.3213	-0.25%	0.80%	1.454M ADA

30 Minutes
Before	0.3243	0.3246	0.3186	0.322	-0.71%	1.85%	4.334M ADA
During	0.3221	0.3233	0.3206	0.3207	-0.44%	0.84%	2.458M ADA

1 Hour
Before	0.3234	0.3246	0.3186	0.322	-0.43%	1.85%	5.302M ADA
During	0.3221	0.3233	0.3189	0.3204	-0.53%	1.36%	5.068M ADA

2 Hours
Before	0.3237	0.3253	0.3186	0.322	-0.53%	2.06%	9.911M ADA
During	0.3221	0.3261	0.3189	0.3245	0.74%	2.21%	10.014M ADA

4 Hours
Before	0.3258	0.3259	0.3186	0.322	-1.18%	2.24%	19.883M ADA
During	0.3221	0.3261	0.3189	0.325	0.89%	2.21%	17.507M ADA

6 Hours
Before	0.3272	0.329	0.3186	0.322	-1.61%	3.16%	24.291M ADA
During	0.3221	0.3274	0.3189	0.3248	0.83%	2.60%	22.398M ADA

8 Hours
Before	0.3333	0.3339	0.3245	0.3259	-2.27%	2.82%	19.019M ADA
During	0.3258	0.3261	0.3186	0.325	-0.25%	2.30%	37.39M ADA

12 Hours
Before	0.3333	0.3339	0.3186	0.322	-3.51%	4.58%	38.902M ADA
During	0.3221	0.3293	0.3189	0.3285	1.95%	3.16%	37.804M ADA