Measured by Clometrix
NEAR Protocol's volatility ratio was 3.16x, against 1.43x for a typical Personal Income release since 2021. Its volume ratio was 9.05x, against a typical 1.95x. 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 NEAR Protocol moved
NEAR Protocol was at $2.910 when the figure came out. Fifteen minutes later it was 1.03% higher, and an hour later 1.72% higher. Its high-to-low range in the hour after was 2.75% of its price, against 1.37% in the hour before.
The release
Released by the Bureau of Economic Analysis on 28 October 2022 at 8:30 AM EDT. The Personal Income and Outlays came in at 0.6% for September 2022, against 0.6% in August 2022. Personal income is still rising, but more slowly than before.
It arrived at the same moment as Personal Consumption Expenditures and Core Personal Consumption Expenditures, so the reaction measured on this page belongs to all of them together.
What made it matter
Since 2021, Personal Income releases in the two weeks before a Fed decision have moved NEAR Protocol less than those at other times: a median volatility ratio of 1.03x across 17, against 1.52x across 49. This one came out 5 days before the Federal Reserve's 2 November rate decision. Its own ratio of 3.16x compares with 1.03x for those, so it moved the price more than its circumstances alone would suggest.
Its record
Across 66 Personal Income releases since 2021, NEAR Protocol's median volatility ratio is 1.43x.
How it compares
Across 66 Personal Income releases since 2021, NEAR Protocol's usual price swing is 1.43x. This one was 2.21 times the usual.
Thin line: Personal Income's usual, 1.43x. Thick line: this release, 3.16x.
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 | 2.92 | 2.89 | 2.92 | 0.34% | 1.03% | 0.00% | 223,989 NEAR |
| 5 minutes | 2.95 | 2.89 | 2.93 | 0.68% | 2.03% | 0.34% | 410,648 NEAR |
| 10 minutes | 2.95 | 2.89 | 2.94 | 1.02% | 2.03% | 0.68% | 476,646 NEAR |
| 15 minutes | 2.95 | 2.89 | 2.94 | 1.02% | 2.03% | 0.68% | 507,387 NEAR |
| 30 minutes | 2.95 | 2.89 | 2.94 | 1.02% | 2.03% | 1.02% | 562,164 NEAR |
| 1 hour | 2.97 | 2.89 | 2.96 | 1.69% | 2.69% | 1.36% | 777,205 NEAR |
| 2 hours | 2.98 | 2.89 | 2.97 | 2.02% | 3.02% | 1.36% | 1.354M NEAR |
| 4 hours | 3.01 | 2.89 | 3.00 | 3.00% | 3.99% | 1.36% | 2.111M NEAR |
| 6 hours | 3.05 | 2.89 | 3.02 | 3.64% | 5.25% | 2.03% | 3.146M NEAR |
| 8 hours | 3.01 | 2.89 | 3.00 | 2.67% | 3.99% | 3.02% | 2.908M NEAR |
| 12 hours | 3.08 | 2.89 | 3.07 | 5.21% | 6.17% | 3.02% | 4.593M NEAR |
Every coin at this release
| Coin | Price swing | Usual for Personal Income | Reaction |
|---|---|---|---|
| Bitcoin | 5.60x | 2.03x | Exceptional |
| Ethereum | 5.50x | 1.77x | Exceptional |
| XRP | 3.93x | 1.81x | Exceptional |
| BNB | 2.89x | 1.75x | Strong |
| Solana | 3.65x | 1.57x | Exceptional |
| Dogecoin | 2.07x | 1.52x | Strong |
| TRON | 3.46x | 1.43x | Exceptional |
| Cardano | 3.72x | 1.90x | Strong |
| Chainlink | 3.71x | 1.62x | Exceptional |
| Bitcoin Cash | 3.53x | 1.69x | Exceptional |
| Hedera | 3.02x | 1.51x | Exceptional |
| Avalanche | 2.81x | 1.55x | Strong |
| Litecoin | 4.53x | 1.64x | Exceptional |
| Shiba Inu | 2.56x | 1.75x | Strong |
| Uniswap | 3.15x | 1.49x | Exceptional |
| Polkadot | 3.02x | 1.50x | Exceptional |
| Aave | 3.56x | 1.58x | Exceptional |
| NEAR Protocol | 3.16x | 1.43x | Exceptional |
| Aptos | 1.94x | 1.73x | Ordinary |
| Internet Computer | 2.69x | 1.50x | Strong |
| POL (prev. MATIC) | 3.93x | 1.60x | Exceptional |
| Filecoin | 2.37x | 1.51x | Strong |
What is the Personal Income and Outlays?
Personal Income measures the change in the total value of income received from all sources by consumers. Income is closely correlated with consumer spending, which accounts for a majority of overall economic activity.Questions about this page
Is 3.16x a lot?
For a Personal Income release it is exceptional: the usual is 1.43x. Each report has its own usual size, and its releases show it.
Will the next Personal Income do the same?
Nobody can say. A forecast shows the range NEAR Protocol moved in after past Personal Income releases, so you can plan for the likely size of the move.
What is PCE, and why does the Fed watch it?
PCE is the Personal Consumption Expenditures price index published by the Bureau of Economic Analysis. The Federal Reserve measures its 2 percent inflation goal with the PCE price index. PCE, Core PCE and Personal Income are released together at 8:30 a.m. ET and share one reaction. Their median Bitcoin price swing since 2021 is 2.03x, which places them in Tier 2.
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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.