Correlation Analysis
Alphabet Inc. Class C Capital Stock vs Coinbase Global, Inc. Class A Common Stock
GOOG vs COIN
+0.539
Moderate positive
When one moves up, the other tends to follow.
Alphabet Inc. Class C Capital Stock
↗GOOG
Alphabet is a holding company that wholly owns internet giant Google. The California-based company derives slightly less than 90% of its revenue from Google services, the vast majority of which is advertising sales. Alongside online ads, Google services houses sales stemming from Google's subscription services (YouTube TV and YouTube Music, among others), platforms (sales and in-app purchases on Play Store), and devices (Chromebooks, Pixel smartphones, and smart home products such as Chromecast). Google's cloud computing platform accounts for roughly 10% of Alphabet's revenue. The firm's investments in up-and-coming technologies such as self-driving cars (Waymo), health (Verily), and internet access (Google Fiber) make up the rest.
Market cap 3.6T · 190,820 employees
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 GOOG by 6 days
COIN tends to move before GOOG.
Best correlation after shifting: +0.558 (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
-0.037
12 periods · Return correlation when both series rose
Both Falling
+0.467
9 periods · Return correlation when both series fell
Diverging
-0.764
14 periods · Return correlation when series moved apart
R-Squared
29.0%
Share of variance in one series explained by the other.
Trend Agreement
63.9%
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: [0.498, 0.577]
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
Alphabet Inc. Class C Capital Stock
GOOG
Market cap 3.6T · 190,820 employees
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
21
Estimated crossover points between normalized spreads.
Slope
0.8909
Linear regression slope.
Intercept
43.3405
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
GOOG
Alphabet Inc. Class C Capital Stock
Highest
+0.948
Amphenol Corporation
APH · 1,254 observations
Lowest
-0.861
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-goog-vs-stock-coin-daily-20260408-pbly54