Coinbase Global Correlations

Coinbase Global Correlation With Market

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.

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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    SPGI + 0.98 MCO FDS + 0.91 MCO NDAQ + 0.9 MCO FDS + 0.9 MSCI SPGI + 0.88 NDAQ FDS + 0.88 SPGI

High negative correlations    FDS - 0.71 CME CME - 0.67 MCO NDAQ - 0.63 CME CME - 0.63 MSCI SPGI - 0.56 CME

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.