Coinbase Current Deferred Revenue vs Total Stockholder Equity Analysis
| COIN Stock | USD 209.16 10.23 5.14% |
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 Current Deferred Revenue and its Total Stockholder Equity 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.
Current Deferred Revenue vs Total Stockholder Equity
Current Deferred Revenue vs Total Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Coinbase Global Current Deferred Revenue account and Total Stockholder Equity. At this time, the significance of the direction appears to have strong relationship.
The correlation between Coinbase Global's Current Deferred Revenue and Total Stockholder Equity is 0.72. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Total Stockholder Equity 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 Current Deferred Revenue and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of Coinbase Global are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Current Deferred Revenue i.e., Coinbase Global's Current Deferred Revenue and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.72 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.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 24th of October 2024, Enterprise Value Multiple is likely to grow to 601.90, 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 against Coinbase Stock
| 0.7 | CBOE | Cboe Global Markets Earnings Call Next Week | PairCorr |
| 0.58 | NDAQ | Nasdaq Inc | PairCorr |
| 0.57 | CM | Canadian Imperial Bank Fiscal Year End 5th of December 2024 | PairCorr |
| 0.56 | CME | CME Group | PairCorr |
| 0.55 | SPGI | SP Global Earnings Call This Week | 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 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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
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 5.62 | Revenue Per Share 18.611 | Quarterly Revenue Growth 1.083 | Return On Assets 0.0036 |
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.