Coinbase Global Correlations

COIN Stock

USD 296.20 14.78 4.75%

The current 90-days correlation between Coinbase Global and Moodys is 0.12 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Coinbase Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Coinbase Global moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Coinbase Global Correlation With Market

Poor diversification

The correlation between Coinbase Global and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Coinbase Global and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Coinbase Global. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

To learn how to invest in Coinbase Stock, please use our How to Invest in Coinbase Global guide.

Moving together with Coinbase Stock

0.8	VALU	Value Line	Pair Corr
0.68	CME	CME Group	Pair Corr
0.77	FDS	FactSet Research Systems	Pair Corr
0.75	MORN	Morningstar	Pair Corr
0.93	NDAQ	Nasdaq Inc Sell-off Trend	Pair Corr
0.91	C	Citigroup Aggressive Push	Pair Corr
0.86	L	Loews Corp	Pair Corr
0.89	V	Visa Class A	Pair Corr
0.87	DHIL	Diamond Hill Investment	Pair Corr
0.89	DIST	Distoken Acquisition	Pair Corr
0.65	AB	AllianceBernstein	Pair Corr
0.65	AC	Associated Capital	Pair Corr
0.93	AX	Axos Financial	Pair Corr
0.82	BK	Bank of New York Fiscal Year End 10th of January 2025	Pair Corr
0.84	BN	Brookfield Corp	Pair Corr
0.9	BX	Blackstone Group Fiscal Year End 23rd of January 2025	Pair Corr
0.93	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.77	CG	Carlyle Group	Pair Corr
0.77	CM	Canadian Imperial Bank Earnings Call This Week	Pair Corr
0.81	FG	FG Annuities Life	Pair Corr
0.7	GL	Globe Life	Pair Corr
0.96	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.9	LC	LendingClub Corp	Pair Corr
0.84	MA	Mastercard	Pair Corr

Moving against Coinbase Stock

0.73	MKTW	Marketwise	Pair Corr
0.35	QMCI	Quotemedia	Pair Corr
0.34	ICE	Intercontinental Exchange Sell-off Trend	Pair Corr
0.76	WU	Western Union Sell-off Trend	Pair Corr
0.74	XP	Xp Inc	Pair Corr
0.66	TD	Toronto Dominion Bank Earnings Call This Week	Pair Corr
0.57	IX	Orix Corp Ads	Pair Corr
0.49	PT	Pintec Technology	Pair Corr
0.39	RM	Regional Management Corp	Pair Corr

Related Correlations Analysis

	MCO	MSCI	ICE	CME	NDAQ	SPGI	FDS
MCO		0.07	0.12	0.0	0.22	0.78	0.11	MCO
MSCI	0.07		0.17	0.71	0.42	0.05	0.54	MSCI
ICE	0.12	0.17		0.13	-0.34	0.28	-0.25	ICE
CME	0.0	0.71	0.13		0.74	-0.15	0.72	CME
NDAQ	0.22	0.42	-0.34	0.74		-0.15	0.83	NDAQ
SPGI	0.78	0.05	0.28	-0.15	-0.15		0.01	SPGI
FDS	0.11	0.54	-0.25	0.72	0.83	0.01		FDS
	MCO	MSCI	ICE	CME	NDAQ	SPGI	FDS

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FDS	+ 0.83	NDAQ
SPGI	+ 0.78	MCO
NDAQ	+ 0.74	CME
FDS	+ 0.72	CME
CME	+ 0.71	MSCI
FDS	+ 0.54	MSCI

High negative correlations

NDAQ	- 0.34	ICE
FDS	- 0.25	ICE
SPGI	- 0.15	NDAQ
SPGI	- 0.15	CME
CME	- 0.0	MCO

Risk-Adjusted Indicators

There is a big difference between Coinbase Stock performing well and Coinbase Global Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Coinbase Global's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MCO	0.85	(0.01)	(0.06)	0.11	1.14	(0.88)	1.65	(1.74)	6.89
MSCI	0.93	0.05	(0.04)	0.33	1.14	(0.96)	1.97	(1.89)	5.72
ICE	0.74	(0.03)	(0.09)	0.01	1.43	(0.69)	1.45	(1.37)	8.00
CME	0.71	0.16	0.03	(4.26)	0.64	(0.78)	1.58	(1.44)	4.17
NDAQ	0.78	0.16	0.11	0.37	0.74	(0.90)	1.86	(1.73)	5.20
SPGI	0.76	(0.02)	(0.08)	0.09	0.98	(0.80)	1.45	(1.44)	5.82
FDS	0.92	0.17	0.13	0.35	0.77	(1.06)	2.25	(1.45)	7.46

Coinbase Global Corporate Management

Daniel Seifert	VP EMEA	Profile
Brian Armstrong	Chairman CoFounder	Profile
Gregory Tusar	Vice Product	Profile
Lawrence Brock	Chief Officer	Profile
Paul JD	Chief Secretary	Profile
Frederick III	CoFounder Director	Profile
Manish Gupta	Executive Engineering	Profile

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