ADA Volatility Analysis for CPI, 13th July 2022

Data Analysis

Measured by Clometrix

Cardano's volatility ratio was 14.92x, against 3.64x for a typical CPI release since 2021. Its volume ratio was 24.65x, against a typical 6.80x. That is more than twice 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.

How Cardano moved

Cardano was at $0.4342 when the figure came out. Fifteen minutes later it was 4.56% lower, and an hour later 6.52% lower. Its high-to-low range in the hour after was 7.39% of its price, against 2.23% in the hour before.

The release

Released by the Bureau of Labor Statistics on 13 July 2022 at 8:30 AM EDT. The Consumer Price Index came in at 1.3% for June 2022, against 0.9% in May 2022. Consumer prices are rising faster than 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.

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 14 days before the Federal Reserve's 27 July rate decision. Its own ratio of 14.92x compares with 3.67x for those, so it moved the price more than its circumstances alone 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).