Correlation Analysis
Apple Inc. vs Coinbase Global, Inc. Class A Common Stock
AAPL vs COIN
+0.443
Moderate positive
When one moves up, the other tends to follow.
Apple Inc.
↗AAPL
Apple is among the largest companies in the world, with a broad portfolio of hardware and software products targeted at consumers and businesses. Apple's iPhone makes up a majority of the firm sales, and Apple's other products like Mac, iPad, and Watch are designed around the iPhone as the focal point of an expansive software ecosystem. Apple has progressively worked to add new applications, like streaming video, subscription bundles, and augmented reality. The firm designs its own software and semiconductors while working with subcontractors like Foxconn and TSMC to build its products and chips. Slightly less than half of Apple's sales come directly through its flagship stores, with a majority of sales coming indirectly through partnerships and distribution.
Market cap 3.8T
Coinbase Global, Inc. Class A Common Stock
↗COIN
Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics.
Market cap 46.2B · 4,951 employees
Time Series
Rebased to 100
Who Moves First
COIN leads AAPL by 6 days
COIN tends to move before AAPL.
Best correlation after shifting: +0.457 (13 shifts scanned)
Do They Crash Together?
Correlation by Market Regime
How these series behave when markets are rising, falling, or diverging. A correlation that holds in drawdowns is very different from one that only works in rallies.
Both Rising
-0.191
13 periods · Return correlation when both series rose
Both Falling
+0.492
13 periods · Return correlation when both series fell
Diverging
-0.819
9 periods · Return correlation when series moved apart
R-Squared
19.6%
Share of variance in one series explained by the other.
Trend Agreement
60.9%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,251
Deep shared window — 1,251 usable pairs.
Significance
p < 0.001
95% CI: [0.397, 0.486]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,251 paired observations survived the daily window.
Raw input
1,254
1,251
Normalized
1,254
1,251
Prepared
1,254
1,251
Aligned
1,251
1,251
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
3
A: 3 / B: 0
Series A
Apple Inc.
AAPL
Market cap 3.8T
Stock · 1,254 raw → 1,254 prepared
Series B
Coinbase Global, Inc. Class A Common Stock
COIN
Market cap 46.2B · 4,951 employees
Stock · 1,251 raw → 1,251 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
15
Estimated crossover points between normalized spreads.
Slope
1.0302
Linear regression slope.
Intercept
-9.4963
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
AAPL
Apple Inc.
Highest
+0.935
Arista Networks
ANET · 1,254 observations
Lowest
-0.847
Fiserv, Inc. Common Stock
FISV · 644 observations
COIN
Coinbase Global, Inc. Class A Common Stock
Highest
+0.779
NetFlix Inc
NFLX · 1,251 observations
Lowest
-0.142
Exxon Mobil Corporation
XOM · 1,251 observations
Saved 3 hours ago · ID: stock-aapl-vs-stock-coin-daily-20260408-0nlkkw