Toast Correlations

TOST Stock

USD 35.51 0.78 2.15%

The current 90-days correlation between Toast Inc and Check Point Software is 0.27 (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

Very weak diversification

The correlation between Toast Inc and DJI is 0.52 (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 against Toast Stock

0.51	EC	Ecopetrol SA ADR	Pair Corr
0.47	MGCV	MGC Ventures	Pair Corr
0.42	LCDX	Caliber Imaging Diag	Pair Corr
0.33	FTV	Fortive Corp	Pair Corr
0.31	DGWPF	Drgerwerk AG	Pair Corr

Related Correlations Analysis

	CHKP	NTNX	GDDY	VRSN	CPAY	TYL	SSNC	IOT	OKTA	ON
CHKP		0.47	0.73	0.4	-0.27	0.49	0.06	0.23	0.55	-0.2	CHKP
NTNX	0.47		0.55	0.18	-0.73	0.54	-0.55	-0.12	0.25	-0.48	NTNX
GDDY	0.73	0.55		0.6	-0.38	0.69	-0.02	0.07	0.52	-0.26	GDDY
VRSN	0.4	0.18	0.6		-0.01	0.7	-0.05	-0.23	0.33	-0.24	VRSN
CPAY	-0.27	-0.73	-0.38	-0.01		-0.32	0.62	0.12	0.17	0.68	CPAY
TYL	0.49	0.54	0.69	0.7	-0.32		-0.35	-0.14	0.44	-0.21	TYL
SSNC	0.06	-0.55	-0.02	-0.05	0.62	-0.35		0.14	0.31	0.44	SSNC
IOT	0.23	-0.12	0.07	-0.23	0.12	-0.14	0.14		0.16	0.37	IOT
OKTA	0.55	0.25	0.52	0.33	0.17	0.44	0.31	0.16		0.38	OKTA
ON	-0.2	-0.48	-0.26	-0.24	0.68	-0.21	0.44	0.37	0.38		ON
	CHKP	NTNX	GDDY	VRSN	CPAY	TYL	SSNC	IOT	OKTA	ON

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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

GDDY	+ 0.73	CHKP
TYL	+ 0.7	VRSN
TYL	+ 0.69	GDDY
ON	+ 0.68	CPAY
SSNC	+ 0.62	CPAY
VRSN	+ 0.6	GDDY

High negative correlations

CPAY	- 0.73	NTNX
SSNC	- 0.55	NTNX
ON	- 0.48	NTNX
CPAY	- 0.38	GDDY
SSNC	- 0.35	TYL
TYL	- 0.32	CPAY

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
CHKP	1.20	(0.20)	0.00	(0.18)	0.00	0.00	1.92	(2.65)	9.38
NTNX	1.69	(0.54)	0.00	0.69	0.00	0.00	3.13	(5.32)	21.74
GDDY	1.07	(0.24)	0.00	(0.27)	0.00	0.00	1.71	(3.27)	8.52
VRSN	1.06	(0.26)	0.00	(0.38)	0.00	0.00	1.93	(2.77)	7.38
CPAY	1.42	(0.03)	(0.01)	0.03	1.96	(1.46)	3.76	(3.57)	8.99
TYL	1.14	(0.25)	0.00	(0.46)	0.00	0.00	1.65	(2.15)	12.95
SSNC	0.98	(0.06)	(0.04)	(0.01)	1.31	(0.98)	1.85	(2.46)	7.41
IOT	2.18	(0.12)	0.00	(4.53)	0.00	0.00	4.36	(4.16)	16.69
OKTA	1.35	(0.18)	0.00	(0.10)	0.00	0.00	2.71	(3.01)	8.63
ON	2.25	0.05	0.04	0.07	2.54	(2.65)	5.18	(4.32)	15.27

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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