Toast Correlations

TOST Stock

USD 40.92 0.61 1.51%

The current 90-days correlation between Toast Inc and Palo Alto Networks is 0.23 (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

Modest diversification

The correlation between Toast Inc and DJI is 0.23 (i.e., Modest 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

0.68	ZS	Zscaler Sell-off Trend	Pair Corr
0.77	FIVN	Five9 Inc	Pair Corr
0.81	FLYW	Flywire Corp	Pair Corr
0.61	DLO	Dlocal Tech Boost	Pair Corr
0.77	FTNT	Fortinet Earnings Call This Week	Pair Corr

Moving against Toast Stock

0.82	VHAI	VHAI	Pair Corr
0.64	FAAS	DigiAsia Corp Symbol Change	Pair Corr
0.63	FAASW	DigiAsia Corp Symbol Change	Pair Corr
0.62	MQ	Marqeta	Pair Corr
0.45	VERI	Veritone	Pair Corr
0.54	TCX	Tucows Inc	Pair Corr
0.42	TLS	Telos Corp	Pair Corr
0.38	PGY	Pagaya Technologies	Pair Corr

Related Correlations Analysis

	PANW	ZS	NET	OKTA	ADBE	SPLK	CRWD	PLTR	PATH	NTNX
PANW		0.78	-0.1	-0.07	0.74	-0.32	0.24	0.13	0.51	0.66	PANW
ZS	0.78		0.05	0.07	0.7	-0.23	0.39	0.11	0.68	0.81	ZS
NET	-0.1	0.05		0.95	-0.5	0.84	0.88	0.84	0.54	-0.12	NET
OKTA	-0.07	0.07	0.95		-0.46	0.79	0.83	0.78	0.55	-0.08	OKTA
ADBE	0.74	0.7	-0.5	-0.46		-0.59	-0.26	-0.35	0.36	0.55	ADBE
SPLK	-0.32	-0.23	0.84	0.79	-0.59		0.66	0.78	0.34	-0.44	SPLK
CRWD	0.24	0.39	0.88	0.83	-0.26	0.66		0.87	0.64	0.26	CRWD
PLTR	0.13	0.11	0.84	0.78	-0.35	0.78	0.87		0.48	-0.05	PLTR
PATH	0.51	0.68	0.54	0.55	0.36	0.34	0.64	0.48		0.38	PATH
NTNX	0.66	0.81	-0.12	-0.08	0.55	-0.44	0.26	-0.05	0.38		NTNX
	PANW	ZS	NET	OKTA	ADBE	SPLK	CRWD	PLTR	PATH	NTNX

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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

OKTA	+ 0.95	NET
CRWD	+ 0.88	NET
PLTR	+ 0.87	CRWD
SPLK	+ 0.84	NET
PLTR	+ 0.84	NET
CRWD	+ 0.83	OKTA

High negative correlations

SPLK	- 0.59	ADBE
ADBE	- 0.5	NET
ADBE	- 0.46	OKTA
NTNX	- 0.44	SPLK
PLTR	- 0.35	ADBE
SPLK	- 0.32	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	1.47	(0.01)	(0.02)	0.05	2.23	(1.34)	3.02	(3.61)	11.36
ZS	1.78	0.14	0.04	0.74	2.28	(1.84)	3.27	(3.37)	12.12
NET	2.09	0.69	0.27	3.77	1.82	(2.45)	5.47	(2.66)	15.25
OKTA	1.54	0.39	0.19	1.52	1.45	(1.77)	4.24	(2.45)	10.08
ADBE	1.38	(0.16)	0.00	(0.36)	0.00	0.00	2.74	(3.06)	18.04
SPLK	1.63	0.16	0.06	0.52	1.70	(1.91)	4.36	(3.33)	10.70
CRWD	2.07	0.41	0.16	0.68	2.01	(2.31)	4.11	(3.30)	12.72
PLTR	3.21	0.84	0.29	0.39	2.67	(3.87)	8.54	(4.97)	31.28
PATH	2.40	0.20	0.06	0.36	2.82	(2.60)	5.47	(5.10)	15.59
NTNX	1.84	0.15	0.05	0.33	2.16	(2.16)	4.46	(3.62)	13.29

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

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