Coinbase Global Stock Current Ratio
| COIN Stock | USD 223.41 22.34 9.09% |
Coinbase Global fundamentals help investors to digest information that contributes to Coinbase Global's financial success or failures. It also enables traders to predict the movement of Coinbase Stock. The fundamental analysis module provides a way to measure Coinbase Global's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Coinbase Global stock.
| Last Reported | Projected for Next Year | ||
| Current Ratio | 1.03 | 1.44 |
Coinbase | Current Ratio |
Coinbase Global Company Current Ratio Analysis
Coinbase Global's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Current Coinbase Global Current Ratio | 1.05 X |
Most of Coinbase Global's fundamental indicators, such as Current Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Coinbase Global is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Coinbase Current Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for Coinbase Global is extremely important. It helps to project a fair market value of Coinbase Stock properly, considering its historical fundamentals such as Current Ratio. Since Coinbase Global's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Coinbase Global's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Coinbase Global's interrelated accounts and indicators.
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Coinbase Current Ratio Historical Pattern
Today, most investors in Coinbase Global Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Coinbase Global's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current ratio growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Coinbase Global current ratio as a starting point in their analysis.
Coinbase Global Current Ratio |
| Timeline |
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
| Competition |
Coinbase Price To Sales Ratio
Price To Sales Ratio |
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In accordance with the recently published financial statements, Coinbase Global has a Current Ratio of 1.05 times. This is 62.9% lower than that of the Capital Markets sector and significantly higher than that of the Financials industry. The current ratio for all United States stocks is 51.39% higher than that of the company.
Coinbase Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Coinbase Global's direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. 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 of similar companies.Coinbase Global is currently under evaluation in current ratio category among related companies.
Coinbase Fundamentals
| Return On Equity | 0.0162 | ||||
| Return On Asset | -9.0E-4 | ||||
| Profit Margin | 0.03 % | ||||
| Operating Margin | 0.04 % | ||||
| Current Valuation | 57.46 B | ||||
| Shares Outstanding | 195.53 M | ||||
| Shares Owned By Insiders | 5.00 % | ||||
| Shares Owned By Institutions | 54.65 % | ||||
| Number Of Shares Shorted | 11.63 M | ||||
| Price To Earning | 4.53 X | ||||
| Price To Book | 9.48 X | ||||
| Price To Sales | 20.34 X | ||||
| Revenue | 3.11 B | ||||
| Gross Profit | 2.52 B | ||||
| EBITDA | 66.86 M | ||||
| Net Income | 94.75 M | ||||
| Cash And Equivalents | 5.01 B | ||||
| Cash Per Share | 22.07 X | ||||
| Total Debt | 3.06 B | ||||
| Debt To Equity | 0.65 % | ||||
| Current Ratio | 1.05 X | ||||
| Book Value Per Share | 25.95 X | ||||
| Cash Flow From Operations | 668.38 M | ||||
| Short Ratio | 0.74 X | ||||
| Earnings Per Share | 0.37 X | ||||
| Price To Earnings To Growth | 1.53 X | ||||
| Target Price | 224.45 | ||||
| Number Of Employees | 3.42 K | ||||
| Beta | 3.42 | ||||
| Market Capitalization | 58.19 B | ||||
| Total Asset | 206.98 B | ||||
| Retained Earnings | 1.82 B | ||||
| Working Capital | 5.75 B | ||||
| Current Asset | 498 K | ||||
| Current Liabilities | 3.49 M | ||||
| Net Asset | 206.98 B |
About Coinbase Global Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Coinbase Global's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Coinbase Global using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Coinbase Global based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Coinbase Global Investors Sentiment
The influence of Coinbase Global's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Coinbase. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Coinbase Global's public news can be used to forecast risks associated with an investment in Coinbase. The trend in average sentiment can be used to explain how an investor holding Coinbase can time the market purely based on public headlines and social activities around Coinbase Global. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Coinbase Global's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Coinbase Global's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Coinbase Global's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Coinbase Global.
Coinbase Global Implied Volatility | 111.77 |
Coinbase Global's implied volatility exposes the market's sentiment of Coinbase Global stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Coinbase Global's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Coinbase Global stock will not fluctuate a lot when Coinbase Global's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Coinbase Global in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Coinbase Global's short interest history, or implied volatility extrapolated from Coinbase Global options trading.
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 together with Coinbase Stock
| 0.75 | CME | CME Group Financial Report 24th of April 2024 | PairCorr |
| 0.75 | ICE | Intercontinental Exchange Financial Report 2nd of May 2024 | PairCorr |
Moving against Coinbase Stock
| 0.81 | VALU | Value Line | PairCorr |
| 0.73 | SPGI | SP Global Financial Report 25th of April 2024 | PairCorr |
| 0.63 | DHIL | Diamond Hill Investment | PairCorr |
| 0.49 | MSCI | MSCI Inc Earnings Call This Week | PairCorr |
| 0.46 | FDS | FactSet Research Systems Financial Report 27th of June 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.Check out Coinbase Global Piotroski F Score and Coinbase Global Altman Z Score analysis. To learn how to invest in Coinbase Stock, please use our How to Invest in Coinbase Global guide.You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Complementary Tools for Coinbase Stock analysis
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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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 0.37 | Revenue Per Share 12.411 | Quarterly Revenue Growth 0.494 | Return On Assets (0.0009) |
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.