Coinbase Global Stock Market Value
| COIN Stock | USD 225.19 17.59 8.47% |
| Symbol | Coinbase |
Coinbase Global Price To Book Ratio
Is Coinbase Global's industry 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 5.11 | Revenue Per Share 15.832 | Quarterly Revenue Growth 1.156 | Return On Assets 0.001 |
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.
Coinbase Global 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Coinbase Global's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Coinbase Global.
| 04/21/2024 |
| 05/21/2024 |
If you would invest 0.00 in Coinbase Global on April 21, 2024 and sell it all today you would earn a total of 0.00 from holding Coinbase Global or generate 0.0% return on investment in Coinbase Global over 30 days. Coinbase Global is related to or competes with Moodys, MSCI, Intercontinental, CME, Nasdaq, SP Global, and FactSet Research. Coinbase Global, Inc. provides financial infrastructure and technology for the cryptoeconomy in the United States and in... More
Coinbase Global Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Coinbase Global's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Coinbase Global upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.68 | |||
| Information Ratio | 0.0963 | |||
| Maximum Drawdown | 26.28 | |||
| Value At Risk | (7.17) | |||
| Potential Upside | 10.05 |
Coinbase Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Coinbase Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Coinbase Global's standard deviation. In reality, there are many statistical measures that can use Coinbase Global historical prices to predict the future Coinbase Global's volatility.| Risk Adjusted Performance | 0.0722 | |||
| Jensen Alpha | 0.398 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.1153 | |||
| Treynor Ratio | 0.1971 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Coinbase Global's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Coinbase Global Backtested Returns
Coinbase Global appears to be very steady, given 3 months investment horizon. Coinbase Global secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. By analyzing Coinbase Global's technical indicators, you can evaluate if the expected return of 0.67% is justified by implied risk. Please makes use of Coinbase Global's Downside Deviation of 4.68, mean deviation of 4.54, and Risk Adjusted Performance of 0.0722 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Coinbase Global holds a performance score of 9. The firm shows a Beta (market volatility) of 3.08, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Coinbase Global will likely underperform. Please check Coinbase Global's potential upside, and the relationship between the total risk alpha and kurtosis , to make a quick decision on whether Coinbase Global's price patterns will revert.
Auto-correlation | 0.04 |
Virtually no predictability
Coinbase Global has virtually no predictability. Overlapping area represents the amount of predictability between Coinbase Global time series from 21st of April 2024 to 6th of May 2024 and 6th of May 2024 to 21st of May 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Coinbase Global price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Coinbase Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 90.33 |
Coinbase Global lagged returns against current returns
Autocorrelation, which is Coinbase Global stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Coinbase Global's stock expected returns. We can calculate the autocorrelation of Coinbase Global returns to help us make a trade decision. For example, suppose you find that Coinbase Global has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Coinbase Global regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Coinbase Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Coinbase Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Coinbase Global stock over time.
Current vs Lagged Prices |
| Timeline |
Coinbase Global Lagged Returns
When evaluating Coinbase Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Coinbase Global stock have on its future price. Coinbase Global autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Coinbase Global autocorrelation shows the relationship between Coinbase Global stock current value and its past values and can show if there is a momentum factor associated with investing in Coinbase Global.
Regressed Prices |
| Timeline |
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When running Coinbase Global's price analysis, check to measure Coinbase Global's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Coinbase Global is operating at the current time. Most of Coinbase Global's value examination focuses on studying past and present price action to predict the probability of Coinbase Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Coinbase Global's price. Additionally, you may evaluate how the addition of Coinbase Global to your portfolios can decrease your overall portfolio volatility.
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Coinbase Global technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.