Correlation Analysis
Broadcom Inc. Common Stock vs Toast, Inc.
AVGO vs TOST
+0.542
Moderate positive
When one moves up, the other tends to follow.
Broadcom Inc. Common Stock
↗AVGO
Broadcom is one of the largest semiconductor companies in the world and has also expanded into infrastructure software. Its semiconductors primarily serve computing and networking, with custom AI accelerators now accounting for the bulk of the business. It is primarily a fabless designer, but holds some manufacturing in-house, such as for its best-of-breed film bulk acoustic resonator filters that sell into the Apple iPhone. In software, it sells virtualization, infrastructure, and security software to large enterprises, financial institutions, and governments. Broadcom is the product of consolidation. Its businesses are an amalgamation of former companies like legacy Broadcom and Avago Technologies in chips, as well as VMware, Brocade, CA Technologies, and Symantec in software.
Market cap 1.5T
Toast, Inc.
↗TOST
Toast Inc is a cloud-based, all-in-one digital technology platform purpose-built for the restaurant community. The company provides a comprehensive platform of software-as-a-service (SaaS) products and financial technology solutions, including integrated payment processing, restaurant-grade hardware, and a broad ecosystem of third-party partners. It serves as a restaurant operating system, connecting front of house and back of house operations across service models such as dine-in, takeout, and delivery. It operates through one reportable segment consisting of its SaaS products, financial technology solutions, integrated payments, hardware, and partner ecosystem.
Market cap 15.9B · 6,500 employees
Time Series
Rebased to 100
Who Moves First
AVGO leads TOST by 6 days
AVGO tends to move before TOST.
Best correlation after shifting: +0.560 (13 shifts scanned)
Do They Crash Together?
Correlation by Market Regime
How these series behave when markets are rising, falling, or diverging. A correlation that holds in drawdowns is very different from one that only works in rallies.
Both Rising
+0.382
14 periods · Return correlation when both series rose
Both Falling
-0.111
9 periods · Return correlation when both series fell
Diverging
-0.370
12 periods · Return correlation when series moved apart
R-Squared
29.4%
Share of variance in one series explained by the other.
Trend Agreement
60.3%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,139
Deep shared window — 1,139 usable pairs.
Significance
p < 0.001
95% CI: [0.499, 0.582]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,139 paired observations survived the daily window.
Raw input
1,254
1,139
Normalized
1,254
1,139
Prepared
1,254
1,139
Aligned
1,139
1,139
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
115
A: 115 / B: 0
Series A
Broadcom Inc. Common Stock
AVGO
Market cap 1.5T
Stock · 1,254 raw → 1,254 prepared
Series B
Toast, Inc.
TOST
Market cap 15.9B · 6,500 employees
Stock · 1,139 raw → 1,139 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
13
Estimated crossover points between normalized spreads.
Slope
0.0556
Linear regression slope.
Intercept
19.3688
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 3 hours ago · ID: stock-avgo-vs-stock-tost-daily-20260408-syet4b