Coinbase Global Stock Forecast - Daily Balance Of Power
| COIN Stock | USD 224.94 2.57 1.13% |
Coinbase Stock Forecast is based on your current time horizon. Although Coinbase Global's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Coinbase Global's systematic risk associated with finding meaningful patterns of Coinbase Global fundamentals over time.
Coinbase |
Open Interest Against 2024-07-05 Coinbase Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Coinbase Global's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Coinbase Global's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Coinbase Global stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Coinbase Global's open interest, investors have to compare it to Coinbase Global's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Coinbase Global is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Coinbase. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 0.9003 | 0.1102 |
| Check Coinbase Global Volatility | Backtest Coinbase Global | Trend Details |
Coinbase Global Trading Date Momentum
| On November 02 2023 Coinbase Global was traded for 84.60 at the closing time. The top price for the day was 84.80 and the lowest listed price was 80.81 . The trading volume for the day was 12.6 M. The trading history from November 2, 2023 was a factor to the next trading day price boost. The overall trading delta against the next closing price was 8.73% . The overall trading delta against the current closing price is 11.58% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
| Compare Coinbase Global to competition |
Other Forecasting Options for Coinbase Global
For every potential investor in Coinbase, whether a beginner or expert, Coinbase Global's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Coinbase Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Coinbase. Basic forecasting techniques help filter out the noise by identifying Coinbase Global's price trends.Coinbase Global Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Coinbase Global stock to make a market-neutral strategy. Peer analysis of Coinbase Global could also be used in its relative valuation, which is a method of valuing Coinbase Global by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Coinbase Global Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Coinbase Global's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Coinbase Global's current price.| Cycle Indicators | ||
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| Overlap Studies | ||
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| Volume Indicators |
Coinbase Global Market Strength Events
Market strength indicators help investors to evaluate how Coinbase Global stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Coinbase Global shares will generate the highest return on investment. By undertsting and applying Coinbase Global stock market strength indicators, traders can identify Coinbase Global entry and exit signals to maximize returns.
| Accumulation Distribution | 69797.79 | |||
| Daily Balance Of Power | (0.53) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 224.67 | |||
| Day Typical Price | 224.76 | |||
| Price Action Indicator | (1.01) | |||
| Period Momentum Indicator | (2.57) |
Coinbase Global Risk Indicators
The analysis of Coinbase Global's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Coinbase Global's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting coinbase stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 3.74 | |||
| Standard Deviation | 4.52 | |||
| Variance | 20.39 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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
| 0.52 | AX | Axos Financial Fiscal Year End 25th of July 2024 | PairCorr |
| 0.34 | FDS | FactSet Research Systems Fiscal Year End 19th of September 2024 | PairCorr |
| 0.34 | L | Loews Corp | PairCorr |
| 0.33 | BY | Byline Bancorp Financial Report 25th of July 2024 | 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.Additional Information and Resources on Investing in Coinbase Stock
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:Check out Historical Fundamental Analysis of Coinbase Global to cross-verify your projections. To learn how to invest in Coinbase Stock, please use our How to Invest in Coinbase Global guide.You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
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 5.12 | 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.