Toast Correlations

TOST Stock

USD 46.52 0.10 0.21%

The current 90-days correlation between Toast Inc and Crowdstrike Holdings is 0.11 (i.e., Average 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

Very weak diversification

The correlation between Toast Inc and DJI is 0.45 (i.e., Very 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.

Build AI portfolio with Toast Stock

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 various price indices.

Moving together with Toast Stock

0.8	BB	BlackBerry	Pair Corr
0.78	JG	Aurora Mobile	Pair Corr
0.9	MQ	Marqeta	Pair Corr
0.78	ZS	Zscaler	Pair Corr
0.74	VRAR	Glimpse Group	Pair Corr
0.86	VRNS	Varonis Systems	Pair Corr
0.65	VRSN	VeriSign Earnings Call This Week	Pair Corr
0.61	EEFT	Euronet Worldwide	Pair Corr
0.67	EVTC	Evertec	Pair Corr
0.91	FFIV	F5 Networks	Pair Corr
0.65	FIVN	Five9 Inc	Pair Corr
0.71	FLYW	Flywire Corp	Pair Corr
0.87	FOUR	Shift4 Payments	Pair Corr
0.9	DLO	Dlocal	Pair Corr
0.73	DOX	Amdocs	Pair Corr
0.65	GEN	Gen Digital	Pair Corr
0.61	GENVR	Gen Digital Contingent	Pair Corr
0.9	NET	Cloudflare	Pair Corr
0.61	ODD	ODDITY Tech	Pair Corr
0.81	PGY	Pagaya Technologies Trending	Pair Corr

Moving against Toast Stock

0.65	VERI	Veritone Tech Boost	Pair Corr
0.52	EXOD	Exodus Movement, Tech Boost	Pair Corr

Related Correlations Analysis

	CRWD	PATH	S	PANW	GTLB	FRSH	MQ	CFLT	DLO
CRWD		0.77	0.04	0.91	-0.07	0.68	0.89	0.44	0.81	CRWD
PATH	0.77		0.46	0.84	0.49	0.92	0.75	0.22	0.73	PATH
S	0.04	0.46		0.22	0.85	0.5	-0.01	-0.33	0.14	S
PANW	0.91	0.84	0.22		0.14	0.8	0.81	0.34	0.7	PANW
GTLB	-0.07	0.49	0.85	0.14		0.53	-0.08	-0.23	0.05	GTLB
FRSH	0.68	0.92	0.5	0.8	0.53		0.58	0.12	0.53	FRSH
MQ	0.89	0.75	-0.01	0.81	-0.08	0.58		0.53	0.93	MQ
CFLT	0.44	0.22	-0.33	0.34	-0.23	0.12	0.53		0.43	CFLT
DLO	0.81	0.73	0.14	0.7	0.05	0.53	0.93	0.43		DLO
	CRWD	PATH	S	PANW	GTLB	FRSH	MQ	CFLT	DLO

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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

DLO	+ 0.93	MQ
FRSH	+ 0.92	PATH
PANW	+ 0.91	CRWD
MQ	+ 0.89	CRWD
GTLB	+ 0.85	S
PANW	+ 0.84	PATH

High negative correlations

CFLT	- 0.33	S
CFLT	- 0.23	GTLB
MQ	- 0.08	GTLB
GTLB	- 0.07	CRWD
MQ	- 0.01	S

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
CRWD	1.91	0.23	0.10	0.35	2.23	(2.17)	3.73	(4.21)	13.11
PATH	1.61	0.11	0.06	0.23	1.84	(1.77)	3.82	(3.30)	10.88
S	1.71	(0.09)	(0.02)	0.06	2.70	(1.70)	3.87	(3.52)	17.40
PANW	1.45	0.09	0.04	0.22	2.08	(1.45)	2.87	(3.45)	11.38
GTLB	2.14	(0.05)	0.00	0.09	3.19	(2.10)	5.20	(5.10)	17.00
FRSH	1.92	0.03	0.05	0.15	2.13	(2.05)	3.79	(4.13)	12.30
MQ	1.62	0.50	0.22	0.82	1.58	(1.92)	3.87	(2.60)	14.30
CFLT	2.14	0.25	0.07	0.34	3.45	(2.44)	4.17	(3.32)	25.20
DLO	1.86	0.27	0.16	0.34	1.62	(2.12)	4.67	(2.49)	14.78

Toast Corporate Management

Jerome Luo	Chief Staff	Profile
Annie Drapeau	Chief People Officer	Profile
Deborah Chrapaty	Chief Officer	Profile
Steve Fredette	President Co-Founder	Profile
Mike Gutner	Chief Officer	Profile
Jennifer Dirico	General Manager, Head of International	Profile

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