Toast Correlations

TOST Stock

USD 43.00 0.26 0.61%

The current 90-days correlation between Toast Inc and Palo Alto Networks is 0.26 (i.e., Modest diversification). The correlation of Toast is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Toast Correlation With Market

Weak diversification

The correlation between Toast Inc and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Toast Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Toast Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Toast Stock

0.8	S	SentinelOne	Pair Corr
0.92	NN	Nextnav Acquisition Corp	Pair Corr
0.68	ZS	Zscaler Sell-off Trend	Pair Corr
0.64	DTSS	Datasea	Pair Corr
0.78	EVCM	EverCommerce	Pair Corr
0.75	EVTC	Evertec	Pair Corr
0.7	CETXP	Cemtrex Pref	Pair Corr
0.83	FIVN	Five9 Inc	Pair Corr
0.86	FLYW	Flywire Corp	Pair Corr
0.86	DBX	Dropbox	Pair Corr
0.76	DLO	Dlocal	Pair Corr
0.92	GEN	Gen Digital	Pair Corr
0.93	FTNT	Fortinet	Pair Corr
0.78	IOT	Samsara	Pair Corr
0.83	NET	Cloudflare	Pair Corr
0.77	ODD	ODDITY Tech Tech Boost	Pair Corr
0.92	PAY	Paymentus Holdings	Pair Corr
0.68	RPD	Rapid7 Inc	Pair Corr

Moving against Toast Stock

0.91	VHAI	VHAI	Pair Corr
0.71	MQ	Marqeta	Pair Corr
0.69	VRAR	Glimpse Group	Pair Corr
0.6	FAAS	DigiAsia Corp Symbol Change	Pair Corr
0.49	VRNS	Varonis Systems	Pair Corr
0.43	VRNT	Verint Systems	Pair Corr
0.91	VHC	VirnetX Holding Corp	Pair Corr
0.89	TCX	Tucows Inc	Pair Corr
0.49	OLB	OLB Group Tech Boost	Pair Corr
0.48	PGY	Pagaya Technologies Buyout Trend	Pair Corr
0.39	WEX	Wex Inc	Pair Corr

Related Correlations Analysis

	PANW	ZS	NET	OKTA	ADBE	SPLK	CRWD	PLTR	PATH	NTNX
PANW		0.84	0.86	0.03	-0.33	0.69	0.86	0.85	0.64	0.84	PANW
ZS	0.84		0.79	0.4	-0.24	0.59	0.79	0.68	0.65	0.6	ZS
NET	0.86	0.79		-0.03	-0.52	0.75	0.94	0.85	0.73	0.79	NET
OKTA	0.03	0.4	-0.03		0.4	-0.17	-0.1	-0.19	0.19	-0.33	OKTA
ADBE	-0.33	-0.24	-0.52	0.4		-0.79	-0.57	-0.49	-0.1	-0.32	ADBE
SPLK	0.69	0.59	0.75	-0.17	-0.79		0.82	0.76	0.35	0.58	SPLK
CRWD	0.86	0.79	0.94	-0.1	-0.57	0.82		0.94	0.68	0.85	CRWD
PLTR	0.85	0.68	0.85	-0.19	-0.49	0.76	0.94		0.6	0.88	PLTR
PATH	0.64	0.65	0.73	0.19	-0.1	0.35	0.68	0.6		0.65	PATH
NTNX	0.84	0.6	0.79	-0.33	-0.32	0.58	0.85	0.88	0.65		NTNX
	PANW	ZS	NET	OKTA	ADBE	SPLK	CRWD	PLTR	PATH	NTNX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

CRWD	+ 0.94	NET
PLTR	+ 0.94	CRWD
NTNX	+ 0.88	PLTR
NET	+ 0.86	PANW
CRWD	+ 0.86	PANW
PLTR	+ 0.85	PANW

High negative correlations

SPLK	- 0.79	ADBE
CRWD	- 0.57	ADBE
ADBE	- 0.52	NET
PLTR	- 0.49	ADBE
NTNX	- 0.33	OKTA
ADBE	- 0.33	PANW

Risk-Adjusted Indicators

There is a big difference between Toast Stock performing well and Toast Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Toast's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PANW	1.34	0.01	0.02	0.13	1.78	(1.32)	2.22	(2.51)	9.85
ZS	1.92	(0.03)	0.00	0.09	3.72	(1.94)	3.73	(3.37)	20.36
NET	2.00	0.17	0.12	0.22	1.74	(2.42)	5.47	(3.44)	13.45
OKTA	1.47	(0.46)	0.00	(0.42)	0.00	0.00	2.39	(3.42)	17.64
ADBE	1.34	(0.20)	0.00	(0.12)	0.00	0.00	2.87	(2.89)	10.09
SPLK	1.63	0.22	0.03	(0.74)	1.70	(1.91)	4.36	(3.33)	10.70
CRWD	2.01	0.27	0.16	0.29	1.78	(2.29)	4.04	(3.03)	11.54
PLTR	2.60	0.87	0.44	0.49	1.51	(3.11)	8.61	(2.93)	30.33
PATH	1.91	0.00	0.05	0.12	2.48	(1.97)	4.52	(3.82)	12.04
NTNX	1.89	0.33	0.21	0.33	1.43	(2.34)	3.95	(2.81)	25.02

Toast Corporate Management

Annie Drapeau	Chief People Officer	Profile
James Matlock	Chief Officer	Profile
Deborah Chrapaty	Chief Officer	Profile
Kelly Esten	Chief Officer	Profile
Steve Fredette	President Co-Founder	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC