Viavi Solutions Correlations

VIAV Stock

USD 10.11 0.04 0.40%

The current 90-days correlation between Viavi Solutions and Lumentum Holdings is 0.29 (i.e., Modest diversification). The correlation of Viavi Solutions 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.

Viavi Solutions Correlation With Market

Weak diversification

The correlation between Viavi Solutions and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Viavi Solutions and DJI in the same portfolio, assuming nothing else is changed.

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Viavi Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For more information on how to buy Viavi Stock please use our How to Invest in Viavi Solutions guide.

Moving against Viavi Stock

0.44	NTGR	NETGEAR	Pair Corr
0.42	QMCO	Quantum Upward Rally	Pair Corr
0.63	TRV	The Travelers Companies Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	LITE	NTGR	KVHI	TSAT	MTSI	KEYS	COMM	ALRM
LITE		0.76	0.84	0.72	0.99	0.91	0.95	0.69	LITE
NTGR	0.76		0.65	0.25	0.77	0.89	0.74	0.85	NTGR
KVHI	0.84	0.65		0.5	0.82	0.8	0.78	0.63	KVHI
TSAT	0.72	0.25	0.5		0.71	0.46	0.78	0.15	TSAT
MTSI	0.99	0.77	0.82	0.71		0.92	0.96	0.72	MTSI
KEYS	0.91	0.89	0.8	0.46	0.92		0.87	0.9	KEYS
COMM	0.95	0.74	0.78	0.78	0.96	0.87		0.64	COMM
ALRM	0.69	0.85	0.63	0.15	0.72	0.9	0.64		ALRM
	LITE	NTGR	KVHI	TSAT	MTSI	KEYS	COMM	ALRM

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Risk-Adjusted Indicators

There is a big difference between Viavi Stock performing well and Viavi Solutions 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 Viavi Solutions' 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
LITE	2.26	0.63	0.25	0.58	2.07	(2.70)	6.40	(3.76)	14.73
NTGR	2.25	0.69	0.27	(1.93)	1.62	(3.01)	5.80	(2.66)	22.43
KVHI	1.18	0.08	(0.02)	1.22	1.27	(1.54)	4.32	(2.21)	9.24
TSAT	3.16	0.55	0.16	0.67	3.13	(3.91)	7.45	(5.52)	24.31
MTSI	1.54	0.26	0.12	0.35	1.85	(1.58)	4.74	(2.51)	9.83
KEYS	1.11	0.05	0.05	0.16	1.45	(1.16)	2.45	(2.35)	8.28
COMM	3.97	0.71	0.22	0.33	3.75	(4.55)	13.47	(6.79)	29.87
ALRM	1.33	(0.12)	(0.06)	0.02	1.49	(1.45)	2.49	(2.24)	10.28

Viavi Solutions Corporate Management

Petra Nagel	Senior Resources	Profile
Pamela Avent	Global Controller	Profile
Sagar Hebbar	Head Relations	Profile
Michael Seidl	Sr Management	Profile
Jim Veler	Chief Officer	Profile

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