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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.

AAPL logo

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

COIN logo

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

Apr 14, 2021 — Apr 7, 2026Daily1,251 observationsStockStockTechnology

Time Series

Rebased to 100

Green: AAPLGray: COIN36 of 1,251 points (sampled)

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

114.21201401601802002202402602802835100200300400444Apple Inc.Coinbase Global, Inc. Class A Common StockData pointsFit (r = 0.443)

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

AAPL logo

Apple Inc.

AAPL

Market cap 3.8T

Stock · 1,254 raw → 1,254 prepared

Series B

COIN logo

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

Saved 3 hours ago · ID: stock-aapl-vs-stock-coin-daily-20260408-0nlkkw