Data Analysis
Measured by Clometrix
Cardano's volatility ratio was 1.99x, against 1.35x for a typical Continued Claims release since 2021. Its volume ratio was 1.82x, 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 $1.8100 when the figure came out. Fifteen minutes later it was 1.1% higher, and an hour later unchanged. Its high-to-low range in the hour after was 1.1% of its price, against 1.66% in the hour before.
The release
Released by the Department of Labor on 18 November 2021 at 8:30 AM EST. Continued Jobless Claims fell to 1970K for the week ending 6th Nov, from 2041K in the week ending 30th 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 1.99x 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
1.8800Close
1.790024h Change
-0.09 (-5.03%)24h High
1.910024h Low
1.700024h Volume
229.177M ADAUS Continued Jobless Claims
Department of Labor
18th November, 2021, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 1.81 | 1.81 | 1.81 | 1.81 | 0.00% | 0.00% | 118,759 ADA |
| During | 1.81 | 1.82 | 1.81 | 1.81 | 0.00% | 0.55% | 256,350 ADA |
| 5 Minutes | |||||||
| Before | 1.81 | 1.81 | 1.80 | 1.81 | 0.00% | 0.55% | 904,262 ADA |
| During | 1.81 | 1.82 | 1.81 | 1.82 | 0.55% | 0.55% | 942,794 ADA |
| 10 Minutes | |||||||
| Before | 1.81 | 1.82 | 1.80 | 1.81 | 0.00% | 1.10% | 1.533M ADA |
| During | 1.81 | 1.83 | 1.81 | 1.83 | 1.09% | 1.09% | 2.124M ADA |
| 15 Minutes | |||||||
| Before | 1.82 | 1.82 | 1.80 | 1.81 | -0.55% | 1.10% | 2.531M ADA |
| During | 1.81 | 1.83 | 1.81 | 1.83 | 1.09% | 1.09% | 3.201M ADA |
| 30 Minutes | |||||||
| Before | 1.82 | 1.83 | 1.80 | 1.81 | -0.55% | 1.64% | 4.334M ADA |
| During | 1.81 | 1.83 | 1.81 | 1.82 | 0.55% | 1.09% | 5.185M ADA |
| 1 Hour | |||||||
| Before | 1.83 | 1.83 | 1.80 | 1.81 | -1.10% | 1.64% | 7.644M ADA |
| During | 1.81 | 1.83 | 1.81 | 1.81 | 0.00% | 1.09% | 8.61M ADA |
| 2 Hours | |||||||
| Before | 1.84 | 1.84 | 1.80 | 1.81 | -1.66% | 2.17% | 13.94M ADA |
| During | 1.81 | 1.83 | 1.77 | 1.80 | -0.56% | 3.28% | 25.231M ADA |
| 4 Hours | |||||||
| Before | 1.83 | 1.86 | 1.80 | 1.81 | -1.10% | 3.23% | 28.51M ADA |
| During | 1.81 | 1.83 | 1.70 | 1.77 | -2.26% | 7.10% | 81.19M ADA |
| 6 Hours | |||||||
| Before | 1.85 | 1.86 | 1.80 | 1.81 | -2.21% | 3.23% | 40.107M ADA |
| During | 1.81 | 1.83 | 1.70 | 1.81 | 0.00% | 7.10% | 102.18M ADA |
| 8 Hours | |||||||
| Before | 1.88 | 1.91 | 1.83 | 1.83 | -2.73% | 4.19% | 51.443M ADA |
| During | 1.83 | 1.86 | 1.70 | 1.77 | -3.39% | 8.60% | 109.7M ADA |
| 12 Hours | |||||||
| Before | 1.88 | 1.91 | 1.80 | 1.81 | -3.87% | 5.76% | 79.953M ADA |
| During | 1.81 | 1.83 | 1.70 | 1.79 | -1.12% | 7.10% | 149.224M ADA |
