These move opposite each other about 47% of the time
Weak inverse
Weak relationship — not much actionable signal here beyond directional colour.
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
Market cap 51.9B · 4,951 employees
10Y Treasury Yield
DGS10
What to Watch
Holds across regimes
Correlation is similar when markets rise (+16%) and fall (-6%) — reliable in both directions.
Regime-dependent
The correlation has flipped sign across time windows — not reliable as a standalone signal.
Time Series
Time-Shifted Correlation
See how correlation changes when one series is offset in time. A taller bar at a non-zero shift means the two move together better when one leads the other — that's a potential lead/lag signal.
Correlation by shift
Click a bar to inspect. Range: -6 to 6 days.
Selected shift
No shift
Correlation at this shift
-8%
No shift — both series at their actual dates.
1,245 overlapping points at this shift
Time series with 10Y Treasury Yield at original dates
Indexed to 100 at start
Deep Dive
Stability
How the correlation evolves over time. A stable line means the relationship is reliable; large swings signal regime-dependent behavior.
Corr
-8%
Pearson correlation
95% CI
-13% → -2%
Likely range
R²
0.6%
Variance explained
Trend agreement
47.5%
Same-direction moves
Significance
p < 0.01
Statistical confidence
Data points
1,245
Deep
Pipeline
Pipeline Summary
1,245 paired data points survived the daily window.
Raw input
1,255
16,066
Normalized
1,255
16,066
Prepared
1,255
16,066
Aligned
1,245
1,245
Invalid removed
Explore
The strongest positive and inverse pairs we’ve saved for each side of this comparison — good jumping-off points if this result raised a question.
Do They Crash Together?
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
+16%
60 periods · Return correlation when both series rose
Both Falling
-6%
59 periods · Return correlation when both series fell
Diverging
-55%
130 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
14,831
A: 10 / B: 14821
Series A
Coinbase Global, Inc. Class A Common Stock
COIN
Market cap 51.9B · 4,951 employees
Stock · 1,255 raw → 1,255 prepared
Series B
DGS10
FRED · 16,066 raw → 16,066 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
39
Estimated crossover points between normalized spreads.
Slope
-0.0009
Linear regression slope.
Intercept
3.7128
Linear regression intercept.
Saved yesterday · ID: fred:dgs10|stock:coin|5Y