ADA Volatility Analysis for CPI, 15th May 2024

Data Analysis

Measured by Clometrix

Cardano's volatility ratio was 5.59x, against 3.64x for a typical CPI release since 2021. Its volume ratio was 12.94x, against a typical 6.80x. 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 $0.4319 when the figure came out. Fifteen minutes later it was 1.62% higher, and an hour later 2.99% higher. Its high-to-low range in the hour after was 2.99% of its price, against 0.81% in the hour before.

The release

Released by the Bureau of Labor Statistics on 15 May 2024 at 8:30 AM EDT. The Consumer Price Index came in at 0.2% for April 2024, against 0.4% in March 2024. Consumer prices are still rising, but more slowly than before.

It arrived at the same moment as Retail Sales, Retail Sales Excluding Automobiles, 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 was not within two weeks of a Fed decision. Its own ratio of 5.59x compares with 3.64x 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).

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

0.4298

0.4541

24h Change

0.0243 (5.35%)

24h High

0.4558

24h Low

0.4258

24h Volume

89.72M ADA

US Consumer Price Index

Bureau of Labor Statistics

15th May, 2024, 8:30AM Timezone: America/New York

Chart Data from Binance

Observations

Time	Open	High	Low	Close	Change	Amplitude	Volume

1 Minute
Before	0.4318	0.432	0.4317	0.4317	-0.02%	0.07%	12,825 ADA
During	0.4319	0.439	0.4319	0.4385	1.51%	1.62%	2.641M ADA

5 Minutes
Before	0.4312	0.432	0.4301	0.4317	0.12%	0.44%	139,472 ADA
During	0.4319	0.4409	0.4319	0.4396	1.75%	2.04%	4.665M ADA

10 Minutes
Before	0.432	0.4321	0.4301	0.4317	-0.07%	0.46%	365,045 ADA
During	0.4319	0.4411	0.4319	0.4377	1.33%	2.09%	6.717M ADA

15 Minutes
Before	0.4315	0.4322	0.4301	0.4317	0.05%	0.49%	542,034 ADA
During	0.4319	0.4411	0.4319	0.4389	1.59%	2.09%	8.012M ADA

30 Minutes
Before	0.4309	0.4322	0.43	0.4317	0.19%	0.51%	1.192M ADA
During	0.4319	0.4411	0.4319	0.4411	2.09%	2.09%	10.815M ADA

1 Hour
Before	0.4304	0.4322	0.4287	0.4317	0.30%	0.81%	3.002M ADA
During	0.4319	0.4448	0.4319	0.4448	2.90%	2.90%	13.944M ADA

2 Hours
Before	0.4346	0.4351	0.4287	0.4317	-0.67%	1.47%	4.538M ADA
During	0.4319	0.4481	0.4319	0.444	2.73%	3.62%	24.181M ADA

4 Hours
Before	0.4321	0.4364	0.4287	0.4317	-0.09%	1.76%	10.274M ADA
During	0.4319	0.4496	0.4319	0.447	3.38%	3.94%	33.018M ADA

6 Hours
Before	0.4274	0.4364	0.4273	0.4317	1.00%	2.09%	14.989M ADA
During	0.4319	0.4496	0.4319	0.4488	3.77%	3.94%	40.086M ADA

8 Hours
Before	0.4298	0.4329	0.4258	0.4321	0.53%	1.64%	12.843M ADA
During	0.4321	0.4496	0.4287	0.447	3.33%	4.65%	43.292M ADA

12 Hours
Before	0.4298	0.4364	0.4258	0.4317	0.44%	2.43%	23.117M ADA
During	0.4319	0.4558	0.4319	0.4541	4.89%	5.24%	66.603M ADA