Coinbase Global, Inc. Class A Common Stock (COIN) Correlation Distribution
Across 6,806 rolling correlation observations between Coinbase Global, Inc. Class A Common Stock (COIN) and other NASDAQ-listed stocks, 76.4% are positive and 23.6% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.261, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 11% and strong negative correlations (≤−0.7) for 1.9%.
- Total observations
- 6,806
- Mean correlation
- 0.261
- Most common range
- 0.3 to 0.4
- Positive pairs
- 76.4%
- Strong positive (≥0.7)
- 11%
- Sector
- Finance Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 65 | 1.0% | |
| -0.8 to -0.7 | 64 | 0.9% | |
| -0.7 to -0.6 | 144 | 2.1% | |
| -0.6 to -0.5 | 143 | 2.1% | |
| -0.5 to -0.4 | 176 | 2.6% | |
| -0.4 to -0.3 | 176 | 2.6% | |
| -0.3 to -0.2 | 251 | 3.7% | |
| -0.2 to -0.1 | 250 | 3.7% | |
| -0.1 to 0.0 | 338 | 5.0% | |
| 0.0 to 0.1 | 337 | 5.0% | |
| 0.1 to 0.2 | 546 | 8.0% | |
| 0.2 to 0.3 | 545 | 8.0% | |
| 0.3 to 0.4 | 866 | 12.7% | |
| 0.4 to 0.5 | 866 | 12.7% | |
| 0.5 to 0.6 | 645 | 9.5% | |
| 0.6 to 0.7 | 645 | 9.5% | |
| 0.7 to 0.8 | 350 | 5.1% | |
| 0.8 to 0.9 | 350 | 5.1% | |
| 0.9 to 1.0 | 49 | 0.7% |
Frequently asked questions
What is the average correlation of COIN?
Coinbase Global, Inc. Class A Common Stock (COIN) has an average correlation of about 0.261 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is COIN positively correlated with other stocks?
Mostly yes — 76.4% of pairs are positive and 23.6% are negative. Strong positive correlations (≥0.7) make up 11%.
What is the most common correlation range for COIN?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 33.3% of all pairs.
Explore the full interactive correlation distribution for COIN.
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