Coinbase Income Tax Expense vs Operating Income Analysis
| COIN Stock | USD 310.98 17.69 6.03% |
Coinbase Global financial indicator trend analysis is way more than just evaluating Coinbase Global prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Coinbase Global is a good investment. Please check the relationship between Coinbase Global Income Tax Expense and its Operating Income accounts. 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.
Income Tax Expense vs Operating Income
Income Tax Expense vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Coinbase Global Income Tax Expense account and Operating Income. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Coinbase Global's Income Tax Expense and Operating Income is -0.2. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Operating Income in the same time period over historical financial statements of Coinbase Global, assuming nothing else is changed. The correlation between historical values of Coinbase Global's Income Tax Expense and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Tax Expense of Coinbase Global are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Income Tax Expense i.e., Coinbase Global's Income Tax Expense and Operating Income go up and down completely randomly.
Correlation Coefficient | -0.2 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Income Tax Expense
Operating Income
Operating Income is the amount of profit realized from Coinbase Global operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Coinbase Global is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Most indicators from Coinbase Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Coinbase Global current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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.At this time, Coinbase Global's Enterprise Value Over EBITDA is very stable compared to the past year. As of the 29th of November 2024, Enterprise Value Multiple is likely to grow to 1,621, while Tax Provision is likely to drop (180.3 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 29.2M | 88.9M | 82.8M | 48.6M | Depreciation And Amortization | 4.8B | 5.1B | 3.2B | 3.2B |
Coinbase Global fundamental ratios Correlations
Click cells to compare fundamentals
Coinbase Global Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 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.You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
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.