Correlation Analysis
Microsoft Corp vs Coinbase Global, Inc. Class A Common Stock
MSFT vs COIN
+0.653
Strong positive
When one moves up, the other tends to follow.
Microsoft Corp
↗MSFT
Microsoft develops and licenses consumer and enterprise software. It is known for its Windows operating systems and Office productivity suite. The company is organized into three equally sized broad segments: productivity and business processes (legacy Microsoft Office, cloud-based Office 365, Exchange, SharePoint, Skype, LinkedIn, Dynamics), intelligence cloud (infrastructure- and platform-as-a-service offerings Azure, Windows Server OS, SQL Server), and more personal computing (Windows Client, Xbox, Bing search, display advertising, and Surface laptops, tablets, and desktops).
Market cap 2.8T
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
MSFT leads COIN by 6 days
MSFT tends to move before COIN.
Best correlation after shifting: +0.660 (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
+0.404
13 periods · Return correlation when both series rose
Both Falling
+0.349
11 periods · Return correlation when both series fell
Diverging
-0.413
11 periods · Return correlation when series moved apart
R-Squared
42.7%
Share of variance in one series explained by the other.
Trend Agreement
63.3%
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: [0.620, 0.684]
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
Microsoft Corp
MSFT
Market cap 2.8T
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
45
Estimated crossover points between normalized spreads.
Slope
0.7356
Linear regression slope.
Intercept
-78.9333
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
MSFT
Microsoft Corp
Highest
+0.938
Cadence Design Systems
CDNS · 1,254 observations
Lowest
-0.867
Bristol-Myers Squibb Co.
BMY · 1,254 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-msft-vs-stock-coin-daily-20260408-os3axk