ADA Volatility Analysis for CPI, 12th May 2020

Data Analysis

The release

Released by the Bureau of Labor Statistics on 12 May 2020 at 8:30 AM EDT. The Consumer Price Index came in at -0.8% for April 2020, against -0.5% in March 2020. Consumer prices are falling 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.

Measured by Clometrix

Cardano's volatility ratio was 0.36x, against 3.64x for a typical CPI release since 2021. Its volume ratio was 0.33x, 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 $0.0505 when the figure came out. Fifteen minutes later it was 0.16% lower, and an hour later unchanged. Its high-to-low range in the hour after was 1.96% of its price, against 1.21% 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 0.36x 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

0.0488

0.0503

24h Change

0.00155 (3.08%)

24h High

0.0512

24h Low

0.0482

24h Volume

364.043M ADA

US Consumer Price Index

Bureau of Labor Statistics

12th May, 2020, 8:30AM Timezone: America/New York

Chart Data from Binance

Observations

Time	Open	High	Low	Close	Change	Amplitude	Volume

1 Minute
Before	0.0505	0.0505	0.05047	0.05047	-0.06%	0.06%	13,176 ADA
During	0.05047	0.05048	0.05044	0.05044	-0.06%	0.08%	65,816 ADA

5 Minutes
Before	0.05049	0.05055	0.05046	0.05047	-0.04%	0.18%	249,838 ADA
During	0.05047	0.05049	0.05037	0.05046	-0.02%	0.24%	427,476 ADA

10 Minutes
Before	0.05063	0.05063	0.05043	0.05047	-0.32%	0.40%	1.028M ADA
During	0.05047	0.05049	0.05037	0.0504	-0.14%	0.24%	809,050 ADA

15 Minutes
Before	0.0506	0.05067	0.05043	0.05047	-0.26%	0.47%	1.748M ADA
During	0.05047	0.05049	0.05037	0.05039	-0.16%	0.24%	1.035M ADA

30 Minutes
Before	0.05096	0.05104	0.05043	0.05047	-0.97%	1.20%	3.617M ADA
During	0.05047	0.05074	0.05027	0.05065	0.36%	0.93%	6.228M ADA

1 Hour
Before	0.05071	0.05104	0.05043	0.05047	-0.48%	1.20%	8.454M ADA
During	0.05047	0.05074	0.04975	0.05047	0.00%	1.95%	23.276M ADA

2 Hours
Before	0.05055	0.05104	0.05043	0.05047	-0.16%	1.20%	15.614M ADA
During	0.05047	0.05118	0.04975	0.05087	0.79%	2.79%	45.199M ADA

4 Hours
Before	0.05046	0.0511	0.05008	0.05047	0.02%	2.00%	52.484M ADA
During	0.05047	0.05118	0.04975	0.05038	-0.18%	2.79%	68.669M ADA

6 Hours
Before	0.05022	0.0511	0.04941	0.05047	0.50%	3.31%	81.709M ADA
During	0.05047	0.05118	0.04975	0.05067	0.39%	2.79%	88.316M ADA

8 Hours
Before	0.04878	0.0511	0.04819	0.05043	3.27%	5.69%	158.246M ADA
During	0.05046	0.05118	0.04975	0.05038	-0.16%	2.79%	121.153M ADA

12 Hours
Before	0.04878	0.0511	0.04819	0.05047	3.35%	5.69%	210.729M ADA
During	0.05047	0.05118	0.04926	0.05033	-0.28%	3.75%	153.314M ADA