ADA Volatility Analysis for CPI, 10th December 2020

Data Analysis

The release

Released by the Bureau of Labor Statistics on 10 December 2020 at 8:30 AM EST. The Consumer Price Index came in at 0.2% for November 2020, against 0.1% in October 2020. Consumer prices are rising faster than before.

It arrived at the same moment as Core Consumer Price Index, Core Inflation Rate, Initial Jobless Claims and Continued Jobless Claims, so the reaction measured on this page belongs to all of them together.

How Cardano moved

Cardano was at $0.1427 when the figure came out. Fifteen minutes later it was 0.82% lower, and an hour later unchanged. Its high-to-low range in the hour after was 2.52% of its price, against 1.72% in the hour before.

Measured by Clometrix

Cardano's volatility ratio was 2.08x, against 3.64x for a typical CPI release since 2021. Its volume ratio was 2.44x, against a typical 6.80x. That is a muted 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.

What made it matter

Since 2021, CPI 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 3.67x across 28, against 3.64x across 42. This one came out 6 days before the Federal Reserve's 16 December rate decision. Its own ratio of 2.08x compares with 3.67x for those, so it moved the price less than its circumstances would suggest.

Its record

Across 70 CPI releases since 2021, Cardano's median volatility ratio is 3.64x.

About Consumer Price Index

The Consumer Price Index (CPI) measures the monthly change in prices paid by U.S. consumers. The Bureau of Labor Statistics (BLS) calculates the CPI as a weighted average of prices for a basket of goods and services representative of aggregate U.S. consumer spending. The CPI is one of the most popular measures of inflation and deflation. The index is published monthly by the U.S. Bureau of Labor Statistics (BLS).

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

0.1459

0.1375

24h Change

-0.00848 (-6.17%)

24h High

0.1481

24h Low

0.1373

24h Volume

305.787M ADA

US Consumer Price Index

Bureau of Labor Statistics

10th December, 2020, 8:30AM Timezone: America/New York

Chart Data from Binance

Observations

Time	Open	High	Low	Close	Change	Amplitude	Volume

1 Minute
Before	0.14294	0.14295	0.14249	0.14274	-0.14%	0.32%	164,933 ADA
During	0.14269	0.14269	0.14237	0.14259	-0.07%	0.22%	109,926 ADA

5 Minutes
Before	0.14258	0.14304	0.14247	0.14274	0.11%	0.40%	828,140 ADA
During	0.14269	0.14316	0.14237	0.14295	0.18%	0.55%	867,386 ADA

10 Minutes
Before	0.14278	0.14307	0.14247	0.14274	-0.03%	0.42%	1.218M ADA
During	0.14269	0.14316	0.14202	0.14215	-0.38%	0.80%	2.378M ADA

15 Minutes
Before	0.14232	0.14307	0.14232	0.14274	0.29%	0.52%	2.045M ADA
During	0.14269	0.14316	0.14116	0.14152	-0.83%	1.40%	5.447M ADA

30 Minutes
Before	0.14355	0.14355	0.14184	0.14274	-0.57%	1.19%	6.822M ADA
During	0.14269	0.14448	0.14116	0.1443	1.12%	2.30%	14.028M ADA

1 Hour
Before	0.14406	0.14429	0.14184	0.14274	-0.92%	1.70%	10.001M ADA
During	0.14269	0.14476	0.14116	0.14264	-0.04%	2.49%	24.555M ADA

2 Hours
Before	0.1424	0.14448	0.14184	0.14274	0.24%	1.83%	22.638M ADA
During	0.14269	0.14476	0.13906	0.14106	-1.16%	3.94%	49.06M ADA

4 Hours
Before	0.14784	0.14806	0.1418	0.14274	-3.57%	4.23%	66.051M ADA
During	0.14269	0.14476	0.13906	0.14296	0.19%	3.94%	77.251M ADA

6 Hours
Before	0.14593	0.14806	0.1418	0.14274	-2.23%	4.23%	86.677M ADA
During	0.14269	0.14476	0.13906	0.14147	-0.86%	3.94%	98.36M ADA

8 Hours
Before	0.14593	0.148	0.14388	0.14788	1.32%	2.78%	63.154M ADA
During	0.14784	0.14806	0.13906	0.14296	-3.41%	6.08%	143.301M ADA

12 Hours
Before	0.14593	0.14806	0.1418	0.14274	-2.23%	4.23%	129.204M ADA
During	0.14269	0.14476	0.13733	0.13745	-3.81%	5.13%	176.583M ADA