How Aptos reacted to Durable Goods Orders on 26 January 2023

The short answer

A strong reaction. In the 15 minutes after the figure came out, Aptos's price swung 2.44 times as much as in a normal 15 minutes that day. For a Durable Orders release, 1.34 times is usual. An hour later the price was 7.44% higher.

2.44x

Strong

Trading (volume ratio)
2.20x
usual for Durable Orders: 1.47x
Price at 8:30 AM
$18.270
15 minutes later
+1.53%
One hour later
+7.44%
range 12.75%, hour before 2.46%
APT/USDT, 1 hour candles around the release, 8:30 AM America/New York

The dashed orange line is the release. Chart data from Binance.

Open
17.990
Close
17.610
24h change
-2.16%
24h high
20.400
24h low
17.160
24h volume
19.012M APT

Measured by Clometrix

Aptos's volatility ratio was 2.44x, against 1.34x for a typical Durable Orders release since 2021. Its volume ratio was 2.20x, against a typical 1.47x. 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 Aptos moved

Aptos was at $18.270 when the figure came out. Fifteen minutes later it was 1.53% higher, and an hour later 7.44% higher. Its high-to-low range in the hour after was 12.75% of its price, against 2.46% in the hour before.

The release

Released by the Bureau of Census on 26 January 2023 at 8:30 AM EST. Durable Goods Orders came in at 5.1% for December 2022, against -2.8% in November 2022. Durable goods orders are rising again, after a fall.

It arrived at the same moment as Durable Goods Orders Excluding Transportation, Gross Domestic Product Report, Initial Jobless Claims and Continued Jobless Claims, so the reaction measured on this page belongs to all of them together.

What made it matter

Since 2021, Durable Orders releases in the two weeks before a Fed decision have moved Aptos about as much as those at other times: a median volatility ratio of 1.35x across 15, against 1.33x across 32. This one came out 6 days before the Federal Reserve's 1 February rate decision. Its own ratio of 2.44x compares with 1.35x for those, so it moved the price more than its circumstances alone would suggest.

Its record

Across 47 Durable Orders releases since 2021, Aptos's median volatility ratio is 1.34x.

How it compares

Across 47 Durable Orders releases since 2021, Aptos's usual price swing is 1.34x. This one was 1.83 times the usual.

MutedOrdinaryStrongExceptional

Thin line: Durable Orders's usual, 1.34x. Thick line: this release, 2.44x.

Minute by minute

Each row is the time after the release, with the same length of time before it for comparison.

After High Low Close Change Range Range before Volume
1 minute 18.31 18.07 18.29 0.11% 1.31% 0.33% 36,262 APT
5 minutes 18.55 18.07 18.51 1.30% 2.59% 0.71% 132,003 APT
10 minutes 18.78 18.07 18.64 1.98% 3.78% 1.03% 275,000 APT
15 minutes 18.78 18.07 18.55 1.51% 3.78% 1.14% 331,698 APT
30 minutes 19.89 18.07 19.55 6.55% 9.15% 1.99% 1.107M APT
1 hour 20.40 18.07 19.63 6.93% 11.42% 2.42% 2.228M APT
2 hours 20.40 18.07 18.52 1.35% 11.42% 3.11% 4.006M APT
4 hours 20.40 17.48 18.36 0.49% 14.31% 6.43% 6.529M APT
6 hours 20.40 17.16 17.50 -4.40% 15.88% 6.93% 7.67M APT
8 hours 20.40 17.48 18.36 -2.72% 14.31% 8.01% 9.241M APT
12 hours 20.40 17.16 17.61 -3.75% 15.88% 8.89% 10.97M APT

Every coin at this release

Coin Price swing Usual for Durable Orders Reaction
Bitcoin 4.05x 1.44x Exceptional
Ethereum 4.66x 1.38x Exceptional
XRP 3.87x 1.13x Exceptional
BNB 3.61x 1.28x Exceptional
Solana 2.48x 1.32x Strong
Dogecoin 4.26x 1.49x Exceptional
TRON 3.89x 1.33x Exceptional
Cardano 3.75x 1.33x Exceptional
Chainlink 3.27x 1.48x Exceptional
Bitcoin Cash 3.90x 1.31x Exceptional
Hedera 3.33x 1.32x Exceptional
Avalanche 2.88x 1.44x Exceptional
Litecoin 3.85x 1.34x Exceptional
Shiba Inu 3.36x 1.30x Exceptional
Uniswap 2.81x 1.26x Exceptional
Polkadot 4.01x 1.27x Exceptional
Aave 2.86x 1.37x Exceptional
NEAR Protocol 3.51x 1.29x Exceptional
Aptos 2.44x 1.34x Strong
Internet Computer 2.75x 1.11x Exceptional
POL (prev. MATIC) 5.45x 1.29x Exceptional
Filecoin 2.27x 1.34x Strong

What is Durable Goods Orders?

The U.S. Census Bureau publishes the Durable Goods Orders report every month. Durable goods orders reflect new orders placed with domestic manufacturers for delivery of long-lasting manufactured goods (durable goods) in the near term or future. The change in the total value of new orders is measured and shared with the public in two releases per month: the advance report on durable goods and the manufacturers' shipments, inventories, and orders.

Every Durable Orders release for Aptos

Questions about this page

Is 2.44x a lot?

For a Durable Orders release it is strong: the usual is 1.34x. Each report has its own usual size, and its releases show it.

Will the next Durable Orders do the same?

Nobody can say. A forecast shows the range Aptos moved in after past Durable Orders releases, so you can plan for the likely size of the move.

More questions · Glossary

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.