Toast, Inc. (TOST) — Stock Correlations & Overview
Over the past year, TOST has moved most closely with IPAY, TOGA, FINX. Explore the stocks most correlated and inversely correlated with TOST below, along with its price, financials, and company profile.
Stocks correlated with TOST
Correlation of daily returns. Higher positive values move with TOST; negative values move opposite it. Informational only, not investment advice.
Most correlated with TOST
| Symbol | Company | Correlation |
|---|---|---|
| IPAY | Amplify Digital Payments ETF | 0.71 |
| TOGA | Tremblant Global ETF | 0.65 |
| FINX | Global X Funds Global X FinTech ETF | 0.64 |
| XSW | State Street SPDR S&P Software & Services ETF | 0.64 |
| INVN | Alger Russell Innovation ETF | 0.62 |
Most inversely correlated with TOST
| Symbol | Company | Correlation |
|---|---|---|
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.59 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.54 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.54 |
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.48 |
| SEF | ProShares Short Financials | -0.45 |
Frequently asked questions about TOST correlations
- Which stocks are most correlated with TOST?
- Based on one year of daily returns, the stocks most correlated with Toast, Inc. (TOST) are IPAY (0.71), TOGA (0.65) and FINX (0.64). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with TOST?
- Over the past year, the stocks most inversely correlated with Toast, Inc. (TOST) are HDGE (-0.59), DWSH (-0.54) and WEBS (-0.54). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these TOST correlations calculated?
- We compute the correlation of daily returns between TOST and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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