Coinbase Global Stock Market Value
| COIN Stock | USD 310.98 0.00 0.00% |
| Symbol | Coinbase |
Coinbase Global Price To Book Ratio
Is Diversified Capital Markets space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Coinbase Global. If investors know Coinbase will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Coinbase Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 3.27 | Earnings Share 5.9 | Revenue Per Share 20.46 | Quarterly Revenue Growth 0.812 | Return On Assets 0.0041 |
The market value of Coinbase Global is measured differently than its book value, which is the value of Coinbase that is recorded on the company's balance sheet. Investors also form their own opinion of Coinbase Global's value that differs from its market value or its book value, called intrinsic value, which is Coinbase Global's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Coinbase Global's market value can be influenced by many factors that don't directly affect Coinbase Global's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Coinbase Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Coinbase Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Coinbase Global's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Coinbase Global 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Coinbase Global's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Coinbase Global.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Coinbase Global on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Coinbase Global or generate 0.0% return on investment in Coinbase Global over 30 days. Coinbase Global is related to or competes with Moodys, MSCI, Intercontinental, CME, Nasdaq, SP Global, and FactSet Research. Coinbase Global, Inc. provides financial infrastructure and technology for the cryptoeconomy in the United States and in... More
Coinbase Global Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Coinbase Global's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Coinbase Global upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.95 | |||
| Information Ratio | 0.0941 | |||
| Maximum Drawdown | 41.9 | |||
| Value At Risk | (7.74) | |||
| Potential Upside | 9.69 |
Coinbase Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Coinbase Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Coinbase Global's standard deviation. In reality, there are many statistical measures that can use Coinbase Global historical prices to predict the future Coinbase Global's volatility.| Risk Adjusted Performance | 0.0958 | |||
| Jensen Alpha | 0.0959 | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | 0.1264 | |||
| Treynor Ratio | 0.1382 |
Coinbase Global Backtested Returns
Coinbase Global is very steady given 3 months investment horizon. Coinbase Global secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the company had a 0.16% return per unit of risk over the last 3 months. We were able to collect and analyze data for twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.06% are justified by taking the suggested risk. Use Coinbase Global Downside Deviation of 4.95, mean deviation of 4.49, and Risk Adjusted Performance of 0.0958 to evaluate company specific risk that cannot be diversified away. Coinbase Global holds a performance score of 12 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 5.4, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Coinbase Global will likely underperform. Use Coinbase Global potential upside, and the relationship between the total risk alpha and kurtosis , to analyze future returns on Coinbase Global.
Auto-correlation | -0.27 |
Weak reverse predictability
Coinbase Global has weak reverse predictability. Overlapping area represents the amount of predictability between Coinbase Global time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Coinbase Global price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Coinbase Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 221.98 |
Coinbase Global lagged returns against current returns
Autocorrelation, which is Coinbase Global stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Coinbase Global's stock expected returns. We can calculate the autocorrelation of Coinbase Global returns to help us make a trade decision. For example, suppose you find that Coinbase Global has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Coinbase Global regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Coinbase Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Coinbase Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Coinbase Global stock over time.
Current vs Lagged Prices |
| Timeline |
Coinbase Global Lagged Returns
When evaluating Coinbase Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Coinbase Global stock have on its future price. Coinbase Global autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Coinbase Global autocorrelation shows the relationship between Coinbase Global stock current value and its past values and can show if there is a momentum factor associated with investing in Coinbase Global.
Regressed Prices |
| Timeline |
Pair Trading with Coinbase Global
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Coinbase Global position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Coinbase Global will appreciate offsetting losses from the drop in the long position's value.Moving together with Coinbase Stock
Moving against Coinbase Stock
The ability to find closely correlated positions to Coinbase Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Coinbase Global when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Coinbase Global - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Coinbase Global to buy it.
The correlation of Coinbase Global is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. 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. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Coinbase Global can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Coinbase Global Correlation, Coinbase Global Volatility and Coinbase Global Alpha and Beta module to complement your research on Coinbase Global. To learn how to invest in Coinbase Stock, please use our How to Invest in Coinbase Global guide.You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Coinbase Global technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.