Coinbase Short Term Investments vs Other Current Liab Analysis

COIN Stock

USD 312.22 7.58 2.49%

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 Short Term Investments and its Other Current Liab 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.

Short Term Investments vs Other Current Liab

Short Term Investments vs Other Current Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Coinbase Global Short Term Investments account and Other Current Liab. At this time, the significance of the direction appears to have strong relationship.

The correlation between Coinbase Global's Short Term Investments and Other Current Liab is 0.71. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Other Current Liab 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 Short Term Investments and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of Coinbase Global are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Short Term Investments i.e., Coinbase Global's Short Term Investments and Other Current Liab go up and down completely randomly.

Correlation Coefficient

0.71

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Short Term Investments

Short Term Investments is an item under the current assets section of Coinbase Global balance sheet. It contains any investments Coinbase Global undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Coinbase Global can easily liquidate in the marketplace.

Other Current Liab

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.As of the 26th of November 2024, Tax Provision is likely to drop to about (180.3 M). In addition to that, Selling General Administrative is likely to drop to about 925.5 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

Interest Expense Depreciation And Amortization

Coinbase Global fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Capital Lease Obligations	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab
Total Assets		0.7	1.0	1.0	0.74	0.65	0.7	1.0	-0.56	0.45	0.71	0.65	0.78	0.88	0.67	0.68	0.76	0.81	0.96	0.72	0.67	-0.99	0.24	1.0	0.4	1.0
Short Long Term Debt Total	0.7		0.68	0.68	0.99	0.98	0.65	0.67	-0.82	0.87	0.98	0.97	0.98	0.4	0.99	0.99	0.62	0.95	0.82	0.77	0.99	-0.74	0.61	0.68	-0.19	0.68
Other Current Liab	1.0	0.68		1.0	0.72	0.63	0.69	1.0	-0.54	0.43	0.69	0.63	0.76	0.89	0.65	0.66	0.76	0.8	0.96	0.71	0.66	-0.98	0.22	1.0	0.42	1.0
Total Current Liabilities	1.0	0.68	1.0		0.72	0.62	0.69	1.0	-0.54	0.42	0.68	0.62	0.76	0.89	0.65	0.65	0.76	0.8	0.96	0.71	0.65	-0.99	0.22	1.0	0.42	1.0
Total Stockholder Equity	0.74	0.99	0.72	0.72		0.99	0.58	0.72	-0.87	0.88	0.96	0.98	0.99	0.51	0.99	0.99	0.63	0.95	0.87	0.73	0.96	-0.8	0.51	0.72	-0.19	0.72
Net Tangible Assets	0.65	0.98	0.63	0.62	0.99		0.51	0.62	-0.9	0.93	0.93	1.0	0.96	0.39	1.0	1.0	0.51	0.9	0.8	0.65	0.97	-0.7	0.48	0.62	-0.33	0.63
Property Plant And Equipment Net	0.7	0.65	0.69	0.69	0.58	0.51		0.69	-0.15	0.22	0.74	0.46	0.69	0.34	0.56	0.53	0.87	0.79	0.67	0.96	0.67	-0.66	0.77	0.69	0.52	0.69
Current Deferred Revenue	1.0	0.67	1.0	1.0	0.72	0.62	0.69		-0.53	0.42	0.68	0.62	0.76	0.89	0.65	0.65	0.76	0.8	0.96	0.71	0.65	-0.98	0.22	1.0	0.42	1.0
Net Debt	-0.56	-0.82	-0.54	-0.54	-0.87	-0.9	-0.15	-0.53		-0.97	-0.72	-0.93	-0.79	-0.46	-0.87	-0.9	-0.2	-0.67	-0.69	-0.3	-0.8	0.63	-0.12	-0.54	0.52	-0.54
Retained Earnings	0.45	0.87	0.43	0.42	0.88	0.93	0.22	0.42	-0.97		0.79	0.95	0.81	0.27	0.9	0.93	0.2	0.69	0.61	0.37	0.86	-0.52	0.31	0.43	-0.6	0.43
Accounts Payable	0.71	0.98	0.69	0.68	0.96	0.93	0.74	0.68	-0.72	0.79		0.91	0.97	0.4	0.94	0.94	0.73	0.96	0.8	0.86	0.96	-0.76	0.73	0.68	-0.06	0.69
Cash	0.65	0.97	0.63	0.62	0.98	1.0	0.46	0.62	-0.93	0.95	0.91		0.95	0.42	0.99	1.0	0.47	0.87	0.79	0.61	0.95	-0.71	0.44	0.63	-0.36	0.63
Non Current Assets Total	0.78	0.98	0.76	0.76	0.99	0.96	0.69	0.76	-0.79	0.81	0.97	0.95		0.52	0.98	0.97	0.72	0.98	0.89	0.82	0.96	-0.83	0.58	0.76	-0.07	0.77
Non Currrent Assets Other	0.88	0.4	0.89	0.89	0.51	0.39	0.34	0.89	-0.46	0.27	0.4	0.42	0.52		0.41	0.43	0.57	0.54	0.81	0.39	0.34	-0.89	-0.13	0.89	0.43	0.89
Other Assets	0.67	0.99	0.65	0.65	0.99	1.0	0.56	0.65	-0.87	0.9	0.94	0.99	0.98	0.41		0.99	0.56	0.93	0.83	0.7	0.98	-0.73	0.51	0.65	-0.27	0.66
Cash And Short Term Investments	0.68	0.99	0.66	0.65	0.99	1.0	0.53	0.65	-0.9	0.93	0.94	1.0	0.97	0.43	0.99		0.53	0.91	0.82	0.67	0.97	-0.73	0.49	0.66	-0.3	0.66
Net Receivables	0.76	0.62	0.76	0.76	0.63	0.51	0.87	0.76	-0.2	0.2	0.73	0.47	0.72	0.57	0.56	0.53		0.82	0.74	0.94	0.58	-0.77	0.66	0.75	0.6	0.76
Good Will	0.81	0.95	0.8	0.8	0.95	0.9	0.79	0.8	-0.67	0.69	0.96	0.87	0.98	0.54	0.93	0.91	0.82		0.91	0.9	0.93	-0.85	0.63	0.8	0.1	0.81
Common Stock Shares Outstanding	0.96	0.82	0.96	0.96	0.87	0.8	0.67	0.96	-0.69	0.61	0.8	0.79	0.89	0.81	0.83	0.82	0.74	0.91		0.74	0.8	-0.97	0.28	0.96	0.21	0.96
Short Term Investments	0.72	0.77	0.71	0.71	0.73	0.65	0.96	0.71	-0.3	0.37	0.86	0.61	0.82	0.39	0.7	0.67	0.94	0.9	0.74		0.77	-0.72	0.81	0.7	0.41	0.71
Non Current Liabilities Total	0.67	0.99	0.66	0.65	0.96	0.97	0.67	0.65	-0.8	0.86	0.96	0.95	0.96	0.34	0.98	0.97	0.58	0.93	0.8	0.77		-0.71	0.61	0.65	-0.21	0.66
Capital Lease Obligations	-0.99	-0.74	-0.98	-0.99	-0.8	-0.7	-0.66	-0.98	0.63	-0.52	-0.76	-0.71	-0.83	-0.89	-0.73	-0.73	-0.77	-0.85	-0.97	-0.72	-0.71		-0.27	-0.98	-0.34	-0.99
Inventory	0.24	0.61	0.22	0.22	0.51	0.48	0.77	0.22	-0.12	0.31	0.73	0.44	0.58	-0.13	0.51	0.49	0.66	0.63	0.28	0.81	0.61	-0.27		0.21	0.14	0.23
Other Current Assets	1.0	0.68	1.0	1.0	0.72	0.62	0.69	1.0	-0.54	0.43	0.68	0.63	0.76	0.89	0.65	0.66	0.75	0.8	0.96	0.7	0.65	-0.98	0.21		0.42	1.0
Other Stockholder Equity	0.4	-0.19	0.42	0.42	-0.19	-0.33	0.52	0.42	0.52	-0.6	-0.06	-0.36	-0.07	0.43	-0.27	-0.3	0.6	0.1	0.21	0.41	-0.21	-0.34	0.14	0.42		0.41
Total Liab	1.0	0.68	1.0	1.0	0.72	0.63	0.69	1.0	-0.54	0.43	0.69	0.63	0.77	0.89	0.66	0.66	0.76	0.81	0.96	0.71	0.66	-0.99	0.23	1.0	0.41

Click cells to compare fundamentals

Coinbase Global Account Relationship Matchups

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

0.76	VALU	Value Line	Pair Corr
0.61	FDS	FactSet Research Systems	Pair Corr

Moving against Coinbase Stock

0.61	MKTW	Marketwise	Pair Corr
0.48	CBOE	Cboe Global Markets Low Volatility	Pair Corr
0.38	EG	Everest Group	Pair Corr
0.37	ICE	Intercontinental Exchange	Pair Corr

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.

Pair Correlation Correlation Matching

When determining whether Coinbase Global offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Coinbase Global's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Coinbase Global Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Coinbase Global Stock:

How To Invest In Coinbase

Details

Is Coinbase Stock a good investment?

Details

What is Coinbase Global's Net Worth?

Details

Largest Diversified Capital Markets Companies

View

Largest Financial Data & Stock Exchanges Companies

View

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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Coinbase Short Term Investments vs Other Current Liab Analysis

Short Term Investments vs Other Current Liab

Short Term Investments vs Other Current Liab Correlation Analysis

Correlation Coefficient

Short Term Investments

Other Current Liab

Coinbase Global fundamental ratios Correlations

Coinbase Global Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Pair Trading with Coinbase Global

Moving together with Coinbase Stock

Moving against Coinbase Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Other Current Liab	+ 1.0	Total Assets
Total Current Liabilities	+ 1.0	Total Assets
Current Deferred Revenue	+ 1.0	Total Assets
Other Current Assets	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Total Current Liabilities	+ 1.0	Other Current Liab

Total Liab	- 0.99	Capital Lease Obligations
Capital Lease Obligations	- 0.99	Total Current Liabilities
Capital Lease Obligations	- 0.99	Total Assets
Other Current Assets	- 0.98	Capital Lease Obligations
Capital Lease Obligations	- 0.98	Current Deferred Revenue
Capital Lease Obligations	- 0.98	Other Current Liab