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Coinbase Global, Inc. Class A Common Stock (COIN) vs Grayscale Bitcoin Trust ETF (GBTC)
Correlation
of % moves
+67%
In sync
of periods
76%
History
daysdays · through 2026-07-09
1,130
These move in the same direction about 76% of the time
When one swings, the other often swings by a similar amount (~45% of the pattern is shared).
Strong enough to use as a signal — check the stability and regime notes below before relying on it.
Both lines start at the same point — easy to compare when growth rates are similar.
What to Watch
Holds in both up and down markets
The relationship is similar whether prices are rising or falling — reliable in both directions.
Advanced
Statistics
In sync(i)
76%
Headline metric
Movement correlation(i)
+67%
Based on % moves
95% CI
N/A
Likely range
Pipeline
Pipeline Summary
1,130 paired data points survived the daily window.
Raw input
1,254
1,130
Normalized
1,254
1,130
Prepared
1,254
1,130
Aligned
1,130
1,130
Invalid removed
45%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
1,129
Deep
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
+67%
No shift — both series at their actual dates.
1,129 overlapping points at this shift
Baseline
+67%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+67%
A non-zero peak suggests one series lines up better when shifted against the other.
Stability
How the correlation evolves over time. A stable line means the relationship is reliable; large swings signal regime-dependent behavior.
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
+68%
76 periods · Return correlation when both series rose
Both Falling
+64%
75 periods · Return correlation when both series fell
Diverging
-25%
19 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
124
A: 124 / B: 0
Series A
Coinbase Global, Inc. Class A Common Stock (COIN)
COIN
Stock · 1,254 raw → 1,254 prepared
Series B
Grayscale Bitcoin Trust ETF (GBTC)
GBTC
Stock · 1,130 raw → 1,130 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
31
Estimated crossover points between normalized spreads.
Slope
0.4613
Linear regression slope.
Intercept
0.0005
Linear regression intercept.
Saved 3 months ago · ID: stock-coin_stock-gbtc_daily_5y