Correlation Analysis
Coinbase Global, Inc. Class A Common Stock vs Exxon Mobil Corporation
COIN vs XOM
-0.142
Weak inverse
When one moves up, the other tends to move down.
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
Exxon Mobil Corporation
↗XOM
ExxonMobil is an integrated oil and gas company that explores for, produces, and refines oil worldwide. In 2025, it produced 3.3 million barrels of liquids and 8.4 billion cubic feet of natural gas per day. At the end of 2024, reserves were 19.9 billion barrels of oil equivalent, 69% of which were liquids. The company is one of the world's largest refiners, with a total global refining capacity of 4.3 million barrels of oil per day, and is one of the world's largest manufacturers of commodity and specialty chemicals.
Market cap 680.7B
Time Series
Relative Performance
Who Moves First
COIN leads XOM by 1 day
COIN tends to move before XOM.
After testing 13 timing shifts, the strongest relationship was -0.142 (they moved in opposite directions).
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
+0.292
11 periods · Return correlation when both series rose
Both Falling
-0.193
9 periods · Return correlation when both series fell
Diverging
-0.620
15 periods · Return correlation when series moved apart
R-Squared
2.0%
Share of variance in one series explained by the other.
Trend Agreement
52.3%
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: [-0.196, -0.087]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,251 paired data points survived the daily window.
Raw input
1,251
1,254
Normalized
1,251
1,254
Prepared
1,251
1,254
Aligned
1,251
1,251
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
3
A: 0 / B: 3
Series A
Coinbase Global, Inc. Class A Common Stock
COIN
Market cap 46.2B · 4,951 employees
Stock · 1,251 raw → 1,251 prepared
Series B
Exxon Mobil Corporation
XOM
Market cap 680.7B
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
27
Estimated crossover points between normalized spreads.
Slope
-0.0333
Linear regression slope.
Intercept
107.7272
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
COIN
Coinbase Global, Inc. Class A Common Stock
Highest
+0.779
NetFlix Inc
NFLX · 1,251 data points
Lowest
+0.021
Johnson & Johnson
JNJ · 1,251 data points
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