ADA Volatility Analysis for CPI, 14th January 2020

Data Analysis

The release

Released by the Bureau of Labor Statistics on 14 January 2020 at 8:30 AM EST. The Consumer Price Index came in at 0.3% for December 2019, against 0.3% in November 2019. Consumer prices are rising at the same pace as before.

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

Measured by Clometrix

Cardano's volatility ratio was 0.71x, against 3.64x for a typical CPI release since 2021. Its volume ratio was 0.82x, against a typical 6.80x. Under 1.5x is not a reaction at all: the market barely noticed this release. 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 $0.0385 when the figure came out. Fifteen minutes later it was 0.18% higher, and an hour later 1.48% higher. Its high-to-low range in the hour after was 2.21% of its price, against 2.29% in the hour before.

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 was not within two weeks of a Fed decision. Its own ratio of 0.71x compares with 3.64x for those, so it moved the price less than its circumstances would suggest.

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

0.0375

0.0416

24h Change

0.00408 (9.82%)

24h High

0.0428

24h Low

0.0375

24h Volume

454.929M ADA

US Consumer Price Index

Bureau of Labor Statistics

14th January, 2020, 8:30AM Timezone: America/New York

Chart Data from Binance

Observations

Time	Open	High	Low	Close	Change	Amplitude	Volume

1 Minute
Before	0.03847	0.03852	0.03846	0.03852	0.13%	0.16%	83,030 ADA
During	0.03849	0.0386	0.03849	0.03859	0.26%	0.28%	67,229 ADA

5 Minutes
Before	0.03854	0.03862	0.03846	0.03852	-0.05%	0.41%	567,279 ADA
During	0.03849	0.0386	0.0384	0.03844	-0.13%	0.52%	711,558 ADA

10 Minutes
Before	0.03847	0.03862	0.03844	0.03852	0.13%	0.47%	807,287 ADA
During	0.03849	0.0386	0.0384	0.03848	-0.03%	0.52%	1.817M ADA

15 Minutes
Before	0.03857	0.03868	0.0384	0.03852	-0.13%	0.72%	3.31M ADA
During	0.03849	0.0386	0.0384	0.03856	0.18%	0.52%	2.288M ADA

30 Minutes
Before	0.03826	0.03868	0.03826	0.03852	0.67%	1.09%	6.57M ADA
During	0.03849	0.03891	0.0384	0.0389	1.05%	1.31%	5.079M ADA

1 Hour
Before	0.03877	0.039	0.03812	0.03852	-0.65%	2.26%	17.827M ADA
During	0.03849	0.03925	0.0384	0.03906	1.46%	2.17%	29.541M ADA

2 Hours
Before	0.03832	0.039	0.03812	0.03852	0.52%	2.26%	29.325M ADA
During	0.03849	0.03939	0.0384	0.03919	1.79%	2.51%	60.192M ADA

4 Hours
Before	0.03848	0.039	0.03812	0.03852	0.10%	2.26%	41.149M ADA
During	0.03849	0.04022	0.03801	0.04015	4.13%	5.49%	138.757M ADA

6 Hours
Before	0.03787	0.039	0.03785	0.03852	1.69%	2.95%	51.436M ADA
During	0.03849	0.04277	0.03801	0.04129	6.78%	11.13%	253.21M ADA

8 Hours
Before	0.03747	0.03849	0.03747	0.03849	2.65%	2.65%	61.562M ADA
During	0.03848	0.04022	0.03801	0.04015	4.16%	5.49%	179.906M ADA

12 Hours
Before	0.03747	0.039	0.03747	0.03852	2.73%	3.92%	102.711M ADA
During	0.03849	0.04277	0.03801	0.04155	7.36%	11.13%	352.218M ADA