AIamond
Verdict: Not distinguishable from chance

How Often Is CoinDesk Right?

CoinDesk: 37.3% hit rate over 1,425 checks, against 38.6% by chance for the same calls in the same markets. Verdict: Not distinguishable from chance.

37.3 %

Hit rate

38.6 %

Chance

-1.3 pts

Vs. chance

1,425

Checked reports

The record by horizon

The interval is the range the edge would most likely fall in if the measurement were repeated (95 %). The verdict already corrects for testing many sources at once (Holm correction): one interval missing zero does not by itself make that source distinguishable from chance.

HorizonChecked reportsDaysHit rateChanceVs. chance (95 % interval)Detectable fromVerdict
All horizons1,42516737.3%38.6%−1.3 pts(−4.9 to +2.3)±5.2 ptsNot distinguishable from chance
1 d47616740.3%39.0%+1.4 pts(−4.1 to +6.9)±7.8 ptsNot distinguishable from chance
3 d47616735.9%38.2%−2.3 pts(−8.0 to +3.4)±8.1 ptsNot distinguishable from chance
7 d47316635.5%38.2%−2.7 pts(−9.3 to +3.9)±9.4 ptsNot distinguishable from chance

Method source-record-v2, registered and never edited. Read the method. Are you a named source and think a number is wrong, or want to reply? Write to info@aiamond.com; corrections are listed in the change log.

About CoinDesk

CoinDesk: Crypto editorial, English. AIamond has analysed 748 of its articles; they gave 1,425 checks from the first tradable price (each article is checked at up to three horizons).

Recent reports

TitleHit rate by marketTrendResult
Crypto's Washington hopes fade, but Grayscale and BlackRock see growth aheadcryptocurrencies (Crypto)
Crypto's Washington hopes fade, but Grayscale and BlackRock see growth aheadcryptocurrencies (Crypto)
Tokenization and stablecoins may weather Democrats' sweep as broader crypto rules face uncertaintycryptocurrencies (Crypto)
Tokenization and stablecoins may weather Democrats' sweep as broader crypto rules face uncertaintycryptocurrencies (Crypto)
U.S. Democratic sweep could be the final nail in the ‘Clarity Act’s coffin’Bitcoin
U.S. Democratic sweep could be the final nail in the ‘Clarity Act’s coffin’Bitcoin
A Nasdaq-listed company may sell $450 million bitcoin, citing Binance hack and quantum fearsBitcoin
A Nasdaq-listed company may sell $450 million bitcoin, citing Binance hack and quantum fearsBitcoin
A Nasdaq-listed company may sell $450 million bitcoin, citing Binance hack and quantum fearsBitcoin
$6 billion Binance hack sends bitcoin, ether tumbling; Standard Chartered expects more paincryptocurrencies (Crypto)

See today's news picture — not a forecast

A short, free daily e-mail with the most relevant market news and which way the coverage leans, with sources.

Get Free AI Market Insights

The news picture for your markets, read by AI. Free, no credit card required.

AI-Analysed Market Trends

Browse the analysed trends for free

Your Own Dashboard

Watchlists and the News Picture, whenever you check

How often the news was right

Each source’s hit rate, compared with chance

By signing up you get the free daily news digest by e-mail. We only send offers if you explicitly allow it. Unsubscribe any time. See our Privacy Policy and Terms of Service.

Frequently Asked Questions

How does AIamond measure source reliability?▼
AI classifies the tone of each article as up, down or sideways for the market it covers. From the first price a reader could trade after publication, we check the move after 1, 3 and 7 days. A raw hit rate mostly reflects which markets a source covers, so we compare it with chance for the same calls and outcomes within each market, give a 95 % interval (resampling whole days) and correct for testing many sources at once (Holm). The method is registered with its SHA-256 and never edited; a change is a new version, listed in the change log.
Can you rely on CoinDesk to call the market?▼
CoinDesk was right 37.3% of the time over 1,425 checks; chance for the same calls in the same markets is 38.6%. Verdict: Not distinguishable from chance. Across all sources we track, the tone of headlines has so far not called the next move better than chance – which is why AIamond shows the news picture, not forecasts.
How many news sources does AIamond track?▼
We read news sources whose rights record admits them: official feeds of publishers, no aggregators, press-release wires or user posts. The current list with every source's numbers is on this page.
How often is the reliability data updated?▼
Price checks run daily; the record on this page is recomputed once a day from the stored checks.

Our Methodology

AI classifies each article's tone as up, down or sideways for the market it covers. From the first price a reader could trade after publication we check the move after 1, 3 and 7 days. A source's hit rate is compared with chance for the same calls and outcomes within each market, so covering calm or busy markets earns nothing. Each difference comes with a 95 % interval; checks close in time are resampled together in blocks of 7 or 14 days, because they share market moves. A verdict needs at least 300 checks and must hold after correcting for the number of sources tested (Holm). This answers "did the market move that way?": a hit rate, not a return. AIamond makes no forecasts of its own.