Coinbase Graham Number from 2010 to 2024
| COIN Stock | USD 296.20 14.78 4.75% |
Graham Number | First Reported 2010-12-31 | Previous Quarter 15.52953306 | Current Value 14.75 | Quarterly Volatility 31.39908175 |
Check Coinbase Global financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Coinbase Global's main balance sheet or income statement drivers, such as Depreciation And Amortization of 3.2 B, Interest Expense of 48.6 M or Selling General Administrative of 925.5 M, as well as many indicators such as Price To Sales Ratio of 12.53, Dividend Yield of 0.0 or PTB Ratio of 6.2. Coinbase financial statements analysis is a perfect complement when working with Coinbase Global Valuation or Volatility modules.
Coinbase | Graham Number |
Latest Coinbase Global's Graham Number Growth Pattern
Below is the plot of the Graham Number of Coinbase Global over the last few years. It is Coinbase Global's Graham Number historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Coinbase Global's overall financial position and show how it may be relating to other accounts over time.
| Graham Number | 10 Years Trend |
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Graham Number |
| Timeline |
Coinbase Graham Number Regression Statistics
| Arithmetic Mean | 17.47 | |
| Geometric Mean | 6.48 | |
| Coefficient Of Variation | 179.73 | |
| Mean Deviation | 20.12 | |
| Median | 2.93 | |
| Standard Deviation | 31.40 | |
| Sample Variance | 985.90 | |
| Range | 102 | |
| R-Value | 0.51 | |
| Mean Square Error | 788.49 | |
| R-Squared | 0.26 | |
| Significance | 0.05 | |
| Slope | 3.56 | |
| Total Sum of Squares | 13,803 |
Coinbase Graham Number History
About Coinbase Global Financial Statements
Coinbase Global investors utilize fundamental indicators, such as Graham Number, to predict how Coinbase Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Graham Number | 15.53 | 14.75 |
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
| 0.71 | MKTW | Marketwise | PairCorr |
| 0.39 | QMCI | Quotemedia | PairCorr |
| 0.35 | ICE | Intercontinental Exchange Sell-off Trend | PairCorr |
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 the analysis of Coinbase Global Correlation against competitors. To learn how to invest in Coinbase Stock, please use our How to Invest in Coinbase Global guide.You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
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 5.88 | 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.