Toast Non Current Assets Total vs Retained Earnings Analysis
| TOST Stock | USD 25.46 0.08 0.32% |
Toast financial indicator trend analysis is much more than just breaking down Toast Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Toast Inc is a good investment. Please check the relationship between Toast Non Current Assets Total and its Retained Earnings accounts. 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 tightly coupled with the direction of predictive economic indicators such as signals in state.
Non Current Assets Total vs Retained Earnings
Non Current Assets Total vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Toast Inc Non Current Assets Total account and Retained Earnings. At this time, the significance of the direction appears to have pay attention.
The correlation between Toast's Non Current Assets Total and Retained Earnings is -0.94. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Toast Inc, assuming nothing else is changed. The correlation between historical values of Toast's Non Current Assets Total and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Toast Inc are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Non Current Assets Total i.e., Toast's Non Current Assets Total and Retained Earnings go up and down completely randomly.
Correlation Coefficient | -0.94 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Most indicators from Toast's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Toast Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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 tightly coupled with the direction of predictive economic indicators such as signals in state. At this time, Toast's Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.12 in 2024, whereas Selling General Administrative is likely to drop slightly above 228.9 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 314M | 511M | 825M | 866.3M | Total Revenue | 1.7B | 2.7B | 3.9B | 2.2B |
Toast fundamental ratios Correlations
Click cells to compare fundamentals
Toast Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Toast
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Toast position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Toast will appreciate offsetting losses from the drop in the long position's value.Moving against Toast Stock
| 0.66 | FIVN | Five9 Inc | PairCorr |
| 0.61 | DLO | Dlocal | PairCorr |
| 0.53 | VRSN | VeriSign | PairCorr |
| 0.49 | FLYW | Flywire Corp Tech Boost | PairCorr |
| 0.44 | EVTC | Evertec | PairCorr |
The ability to find closely correlated positions to Toast could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Toast when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Toast - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Toast Inc to buy it.
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Toast moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Toast Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Toast can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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 tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Complementary Tools for Toast Stock analysis
When running Toast's price analysis, check to measure Toast's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Toast is operating at the current time. Most of Toast's value examination focuses on studying past and present price action to predict the probability of Toast's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Toast's price. Additionally, you may evaluate how the addition of Toast to your portfolios can decrease your overall portfolio volatility.
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Is Toast's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Toast. If investors know Toast will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Toast listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.46) | Revenue Per Share 7.663 | Quarterly Revenue Growth 0.313 | Return On Assets (0.07) | Return On Equity (0.22) |
The market value of Toast Inc is measured differently than its book value, which is the value of Toast that is recorded on the company's balance sheet. Investors also form their own opinion of Toast's value that differs from its market value or its book value, called intrinsic value, which is Toast's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Toast's market value can be influenced by many factors that don't directly affect Toast's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Toast's value and its price as these two are different measures arrived at by different means. Investors typically determine if Toast is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Toast's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.