Data Analysis
Measured by Clometrix
Cardano's volatility ratio was 1.98x, against 1.07x for a typical Import Prices release since 2021. Its volume ratio was 0.95x, against a typical 1.34x. 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 $1.8900 when the figure came out. Fifteen minutes later it was 0.53% higher, and an hour later 2.12% higher. Its high-to-low range in the hour after was 2.65% of its price, against 1.59% in the hour before.
The release
Released by the Bureau of Labor Statistics on 16 November 2021 at 8:30 AM EST. The Import Price Index came in at 1.5% for October 2021, against 0.4% in September 2021. Import prices are rising faster than before.
It arrived at the same moment as Retail Sales, Retail Sales Excluding Automobiles and Export Price Index, so the reaction measured on this page belongs to all of them together.
What made it matter
Since 2021, Import Prices releases in the two weeks before a Fed decision have moved Cardano less than those at other times: a median volatility ratio of 1.00x across 27, against 1.20x across 42. This one was not within two weeks of a Fed decision. Its own ratio of 1.98x compares with 1.20x for those, so it moved the price more than its circumstances alone would suggest.
Its record
Across 69 Import Prices releases since 2021, Cardano's median volatility ratio is 1.07x.
About Import Price Index
The U.S. import price index (MXP) measure the change in prices of goods and services purchased from abroad by U.S. consumers and businesses. The MXP measure changes in the prices of non-military goods and services, providing information as to the strength of the U.S. economy and consumer spending, and the pace of rising import prices.
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
1.9500Close
1.890024h Change
-0.06 (-3.17%)24h High
1.970024h Low
1.760024h Volume
240.502M ADAUS Import Price Index
Bureau of Labor Statistics
16th November, 2021, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 1.89 | 1.89 | 1.89 | 1.89 | 0.00% | 0.00% | 185,091 ADA |
| During | 1.89 | 1.89 | 1.88 | 1.88 | -0.53% | 0.53% | 55,807 ADA |
| 5 Minutes | |||||||
| Before | 1.89 | 1.89 | 1.88 | 1.89 | 0.00% | 0.53% | 693,063 ADA |
| During | 1.89 | 1.89 | 1.88 | 1.88 | -0.53% | 0.53% | 397,876 ADA |
| 10 Minutes | |||||||
| Before | 1.89 | 1.89 | 1.88 | 1.89 | 0.00% | 0.53% | 987,299 ADA |
| During | 1.89 | 1.90 | 1.88 | 1.90 | 0.53% | 1.05% | 1.017M ADA |
| 15 Minutes | |||||||
| Before | 1.88 | 1.89 | 1.88 | 1.89 | 0.53% | 0.53% | 1.465M ADA |
| During | 1.89 | 1.90 | 1.88 | 1.90 | 0.53% | 1.05% | 1.583M ADA |
| 30 Minutes | |||||||
| Before | 1.87 | 1.89 | 1.87 | 1.89 | 1.06% | 1.06% | 3.113M ADA |
| During | 1.89 | 1.90 | 1.88 | 1.90 | 0.53% | 1.05% | 2.751M ADA |
| 1 Hour | |||||||
| Before | 1.89 | 1.90 | 1.87 | 1.89 | 0.00% | 1.58% | 7.592M ADA |
| During | 1.89 | 1.93 | 1.88 | 1.93 | 2.07% | 2.59% | 7.781M ADA |
| 2 Hours | |||||||
| Before | 1.90 | 1.90 | 1.87 | 1.89 | -0.53% | 1.58% | 16.206M ADA |
| During | 1.89 | 1.95 | 1.88 | 1.93 | 2.07% | 3.59% | 17.118M ADA |
| 4 Hours | |||||||
| Before | 1.94 | 1.94 | 1.76 | 1.89 | -2.65% | 9.28% | 98.028M ADA |
| During | 1.89 | 1.95 | 1.88 | 1.93 | 2.07% | 3.59% | 29.52M ADA |
| 6 Hours | |||||||
| Before | 1.94 | 1.97 | 1.76 | 1.89 | -2.65% | 10.66% | 110.413M ADA |
| During | 1.89 | 1.95 | 1.88 | 1.91 | 1.05% | 3.59% | 40.052M ADA |
| 8 Hours | |||||||
| Before | 1.95 | 1.97 | 1.91 | 1.94 | -0.52% | 3.05% | 59.141M ADA |
| During | 1.94 | 1.95 | 1.76 | 1.93 | -0.52% | 9.74% | 127.548M ADA |
| 12 Hours | |||||||
| Before | 1.95 | 1.97 | 1.76 | 1.89 | -3.17% | 10.66% | 157.169M ADA |
| During | 1.89 | 1.95 | 1.85 | 1.89 | 0.00% | 5.13% | 83.333M ADA |
