Coinbase Global Correlations

COIN Stock

USD 210.83 2.65 1.24%

The current 90-days correlation between Coinbase Global and Intercontinental Exchange is 0.21 (i.e., Modest 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

Very good diversification

The correlation between Coinbase Global and DJI is -0.48 (i.e., Very good 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.

Build AI portfolio with Coinbase Stock

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

0.81	WENN	Wen Acquisition Corp	Pair Corr
0.88	FRMI	Fermi Inc	Pair Corr
0.84	GTEN	Gores Holdings X	Pair Corr
0.75	HVII	Hennessy Capital Inv	Pair Corr
0.64	PMTR	Perimeter Acquisition	Pair Corr
0.67	RDAG	Republic Digital Acq	Pair Corr
0.74	RTAC	Renatus Tactical Acq	Pair Corr

Moving against Coinbase Stock

0.84	HSPT	Horizon Space Acquisition	Pair Corr
0.82	IPOD	Dune Acquisition	Pair Corr
0.78	DMAA	Drugs Made In	Pair Corr
0.74	VACH	Voyager Acquisition Corp	Pair Corr
0.73	LPAA	Launch One Acquisition	Pair Corr
0.7	UBS	UBS Group AG Earnings Call This Week	Pair Corr
0.69	GRAF	Graf Global Corp	Pair Corr
0.65	NHIC	NewHold Investment Corp	Pair Corr
0.62	DB	Deutsche Bank AG Normal Trading	Pair Corr
0.61	ALF	Centurion Acquisition	Pair Corr
0.5	MBAV	M3 Brigade Acquisition	Pair Corr
0.5	OYSE	Oyster Enterprises	Pair Corr
0.49	PELI	Pelican Acquisition	Pair Corr
0.46	EGHA	EGH Acquisition Corp	Pair Corr
0.46	INAC	Indigo Acquisition Corp	Pair Corr
0.37	DTSQ	DT Cloud Star	Pair Corr
0.78	BACC	Blue Acquisition Corp	Pair Corr
0.74	COHN	Cohen Company	Pair Corr
0.69	BAYA	Bayview Acquisition Corp	Pair Corr
0.69	CAPN	Cayson Acquisition Corp	Pair Corr
0.53	SIMA	SIM Acquisition Corp	Pair Corr
0.47	SZZL	Sizzle Acquisition Corp	Pair Corr
0.44	TACH	Titan Acquisition Corp	Pair Corr
0.41	PLMK	Plum Acquisition Corp	Pair Corr
0.41	SBXD	SilverBox Corp IV	Pair Corr
0.41	TDAC	Translational Development	Pair Corr

Related Correlations Analysis

	ICE	MCO	CME	MFG	MMC	BAM	BNS	NU	BMO	AON
ICE		0.83	0.35	0.9	0.02	-0.03	0.85	0.65	0.92	0.04	ICE
MCO	0.83		0.19	0.86	0.01	0.12	0.79	0.64	0.85	0.16	MCO
CME	0.35	0.19		0.34	-0.39	-0.5	0.33	0.29	0.24	0.25	CME
MFG	0.9	0.86	0.34		-0.19	-0.03	0.88	0.73	0.92	0.01	MFG
MMC	0.02	0.01	-0.39	-0.19		0.4	-0.31	-0.19	0.01	-0.4	MMC
BAM	-0.03	0.12	-0.5	-0.03	0.4		0.01	0.03	0.16	-0.01	BAM
BNS	0.85	0.79	0.33	0.88	-0.31	0.01		0.73	0.89	0.29	BNS
NU	0.65	0.64	0.29	0.73	-0.19	0.03	0.73		0.73	0.05	NU
BMO	0.92	0.85	0.24	0.92	0.01	0.16	0.89	0.73		0.01	BMO
AON	0.04	0.16	0.25	0.01	-0.4	-0.01	0.29	0.05	0.01		AON
	ICE	MCO	CME	MFG	MMC	BAM	BNS	NU	BMO	AON

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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

BMO	+ 0.92	ICE
BMO	+ 0.92	MFG
MFG	+ 0.9	ICE
BMO	+ 0.89	BNS
BNS	+ 0.88	MFG
MFG	+ 0.86	MCO

High negative correlations

BAM	- 0.5	CME
AON	- 0.4	MMC
MMC	- 0.39	CME
BNS	- 0.31	MMC
NU	- 0.19	MMC
MMC	- 0.19	MFG

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
ICE	0.97	0.10	0.06	0.19	1.18	(0.96)	2.00	(1.61)	5.98
MCO	0.96	0.08	0.05	0.15	1.32	(1.01)	1.54	(2.30)	9.60
CME	0.91	0.10	0.02	(2.95)	1.22	(0.85)	1.99	(2.07)	5.09
MFG	1.11	0.41	0.22	0.61	1.14	(1.24)	2.99	(2.03)	7.66
MMC	0.94	(0.18)	0.00	3.15	0.00	0.00	1.97	(1.64)	9.33
BAM	1.24	(0.10)	0.00	(0.43)	0.00	0.00	2.15	(3.66)	6.75
BNS	0.67	0.25	0.19	0.81	0.68	(0.77)	1.65	(1.04)	6.23
NU	1.48	0.23	0.13	0.26	1.60	(1.58)	4.33	(2.70)	10.26
BMO	0.83	0.08	0.07	0.16	0.95	(0.84)	1.86	(1.68)	4.05
AON	0.83	(0.07)	0.00	(0.27)	0.00	0.00	1.86	(1.99)	6.25

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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