Coinbase Stock Performance

COIN
 Stock
  

USD 64.49  2.55  4.12%   

On a scale of 0 to 100, Coinbase Global holds a performance score of 5. The firm shows a Beta (market volatility) of 3.2062, which signifies a somewhat significant risk relative to the market. Let's try to break down what Coinbase's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Coinbase Global will likely underperform. Although it is vital to follow Coinbase Global historical returns, it is good to be conservative about what you can do with the information regarding equity current trending patterns. The philosophy towards foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Coinbase Global technical indicators, you can presently evaluate if the expected return of 0.49% will be sustainable into the future. Please makes use of Coinbase Global potential upside, and the relationship between the total risk alpha and kurtosis to make a quick decision on whether Coinbase Global price patterns will revert.
  
Coinbase Performance
5 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in Coinbase Global are ranked lower than 5 (%) of all global equities and portfolios over the last 90 days. Despite quite unfluctuating forward indicators, Coinbase Global disclosed solid returns over the last few months and may actually be approaching a breakup point. ...more

Coinbase Price Channel

Quick Ratio0.58
Fifty Two Week Low40.83
Target High Price290.00
Fifty Two Week High368.90
Target Low Price42.00

Coinbase Global Relative Risk vs. Return Landscape

If you would invest  5,541  in Coinbase Global on July 2, 2022 and sell it today you would earn a total of  908.00  from holding Coinbase Global or generate 16.39% return on investment over 90 days. Coinbase Global is currently generating 0.493% in daily expected returns and assumes 7.142% risk (volatility on return distribution) over the 90 days horizon. In different words, 62% of stocks are less volatile than Coinbase, and 91% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
  Daily Expected Return (%)  
       Risk (%)  
Given the investment horizon of 90 days Coinbase Global is expected to generate 6.19 times more return on investment than the market. However, the company is 6.19 times more volatile than its market benchmark. It trades about 0.07 of its potential returns per unit of risk. The DOW is currently generating roughly -0.1 per unit of risk.

Coinbase Global Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Coinbase Global's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Coinbase Global, and traders can use it to determine the average amount a Coinbase Global's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.069

Best
Portfolio
Best
Equity
Good Returns
Average Returns
Small ReturnsCOIN
CashSmall
Risk
Average
Risk
High
Risk
Huge
Risk
Negative Returns
Estimated Market Risk
 7.14
  actual daily
 
 62 %
of total potential
 
6262
Expected Return
 0.49
  actual daily
 
 9 %
of total potential
 
99
Risk-Adjusted Return
 0.07
  actual daily
 
 5 %
of total potential
 
55
Based on monthly moving average Coinbase Global is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Coinbase Global by adding it to a well-diversified portfolio.

About Coinbase Global Performance

To evaluate Coinbase Global Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Coinbase Global generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Coinbase Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Coinbase Global market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Coinbase's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Coinbase Global, Inc. provides financial infrastructure and technology for the cryptoeconomy in the United States and internationally. Coinbase Global, Inc. was founded in 2012 and is based in Wilmington, Delaware. Coinbase Global operates under SoftwareApplication classification in the United States and is traded on NASDAQ Exchange. It employs 3730 people.

Things to note about Coinbase Global

Checking the ongoing alerts about Coinbase Global for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Coinbase Global help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Coinbase Global Alerts

Equity Alerts and Improvement Suggestions

Continue to Trending Equities. You can also try Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

Complementary Tools for analysis

When running Coinbase Global 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 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.
Balance Of Power
Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
Go
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
Go
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Go
Options Analysis
Analyze and evaluate options and option chains as a potential hedge for your portfolios
Go
Equity Valuation
Check real value of public entities based on technical and fundamental data
Go
Earnings Calls
Check upcoming earnings announcements updated hourly across public exchanges
Go
Global Correlations
Find global opportunities by holding instruments from different markets
Go
Equity Search
Search for actively traded equities including funds and ETFs from over 30 global markets
Go
Transaction History
View history of all your transactions and understand their impact on performance
Go
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
Go
Risk-Return Analysis
View associations between returns expected from investment and the risk you assume
Go
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Go
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.
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 Coinbase Global value 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.