Viavi Research Development vs Total Other Income Expense Net Analysis
VIAV Stock | USD 7.42 0.01 0.13% |
Viavi Solutions financial indicator trend analysis is much more than just breaking down Viavi Solutions prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Viavi Solutions is a good investment. Please check the relationship between Viavi Solutions Research Development and its Total Other Income Expense Net accounts. 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.
Research Development vs Total Other Income Expense Net
Research Development vs Total Other Income Expense Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Viavi Solutions Research Development account and Total Other Income Expense Net. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Viavi Solutions' Research Development and Total Other Income Expense Net is -0.33. Overlapping area represents the amount of variation of Research Development that can explain the historical movement of Total Other Income Expense Net in the same time period over historical financial statements of Viavi Solutions, assuming nothing else is changed. The correlation between historical values of Viavi Solutions' Research Development and Total Other Income Expense Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Research Development of Viavi Solutions are associated (or correlated) with its Total Other Income Expense Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Other Income Expense Net has no effect on the direction of Research Development i.e., Viavi Solutions' Research Development and Total Other Income Expense Net go up and down completely randomly.
Correlation Coefficient | -0.33 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Research Development
Total Other Income Expense Net
Most indicators from Viavi Solutions' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Viavi Solutions 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 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.At this time, Viavi Solutions' Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to climb to 60.65 in 2024, whereas Selling General Administrative is likely to drop slightly above 342 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 773.5M | 638.8M | 734.6M | 467.0M | Total Revenue | 1.3B | 1.1B | 1.3B | 1.1B |
Viavi Solutions fundamental ratios Correlations
Click cells to compare fundamentals
Viavi Solutions Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Viavi Solutions fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.8B | 2.0B | 1.8B | 1.9B | 1.7B | 2.3B | |
Short Long Term Debt Total | 603.7M | 669.8M | 684.9M | 725.7M | 834.6M | 438.2M | |
Other Current Liab | 122.4M | 157.9M | 161.6M | 121.5M | 109.4M | 105.3M | |
Total Current Liabilities | 232.8M | 705M | 369.3M | 343.5M | 395.0M | 353.3M | |
Total Stockholder Equity | 711.4M | 774.8M | 671.7M | 690.8M | 621.7M | 590.6M | |
Property Plant And Equipment Net | 172.5M | 196M | 228.9M | 243M | 279.5M | 242.9M | |
Net Debt | 64.7M | (28M) | 125M | 219.2M | 252.1M | 264.7M | |
Retained Earnings | (69.4B) | (69.4B) | (69.5B) | (69.6B) | (62.6B) | (65.8B) | |
Accounts Payable | 53M | 63.2M | 58.3M | 47.2M | 54.3M | 81.4M | |
Cash | 539M | 697.8M | 559.9M | 506.5M | 582.5M | 379.8M | |
Non Current Assets Total | 862.7M | 849.3M | 822.8M | 905.5M | 815.0M | 1.4B | |
Non Currrent Assets Other | 54.8M | 52.8M | 55.9M | 56.8M | 51.1M | 55.5M | |
Cash And Short Term Investments | 540.5M | 699.4M | 561.3M | 521.1M | 599.3M | 787.4M | |
Net Receivables | 235.5M | 256.5M | 260.9M | 231.2M | 265.9M | 212.3M | |
Common Stock Shares Outstanding | 233.7M | 236.3M | 238.2M | 226.6M | 260.6M | 180.5M | |
Liabilities And Stockholders Equity | 1.8B | 2.0B | 1.8B | 1.9B | 1.7B | 2.3B | |
Non Current Liabilities Total | 832.1M | 481.6M | 786.9M | 816.2M | 938.6M | 528.1M | |
Inventory | 83.3M | 94.9M | 110.1M | 116.1M | 133.5M | 123.5M | |
Other Stockholder Equity | 70.3B | 70.3B | 70.4B | 70.4B | 81.0B | 56.0B | |
Total Liab | 1.1B | 1.2B | 1.2B | 1.2B | 1.3B | 881.5M | |
Property Plant And Equipment Gross | 213M | 196M | 228.9M | 243M | 279.5M | 239.3M | |
Total Current Assets | 913.6M | 1.1B | 1.0B | 945M | 1.1B | 1.2B | |
Accumulated Other Comprehensive Income | (165.9M) | (97.2M) | (156.4M) | (136M) | (122.4M) | (116.3M) | |
Short Term Debt | 2.8M | 414.2M | 68.4M | 96.2M | 110.6M | 99.2M | |
Intangible Assets | 148.1M | 88M | 54.2M | 58.6M | 52.7M | 50.1M | |
Other Liab | 201M | 186.9M | 226M | 170.4M | 196.0M | 131.7M | |
Other Assets | 121.2M | 115.7M | 168.8M | 152.1M | 136.9M | 121.0M | |
Long Term Debt | 600.9M | 255.6M | 616.5M | 629.5M | 723.9M | 480.1M | |
Property Plant Equipment | 213M | 196M | 228.9M | 243M | 218.7M | 227.0M | |
Good Will | 381.4M | 396.5M | 387.6M | 455.2M | 409.7M | 482.4M | |
Current Deferred Revenue | 55.3M | 54.6M | 69.7M | 81M | 70.7M | 68.2M | |
Net Tangible Assets | 181.9M | 290.3M | 229.9M | 632.2M | 569.0M | 385.8M | |
Retained Earnings Total Equity | (69.4B) | (69.4B) | (69.5B) | (69.6B) | (62.6B) | (65.8B) | |
Long Term Debt Total | 600.9M | 255.6M | 616.5M | 629.5M | 723.9M | 614.3M | |
Capital Surpluse | 70.3B | 70.3B | 70.4B | 70.4B | 81.0B | 77.1B | |
Non Current Liabilities Other | 40.3M | 226M | 170.4M | 186.7M | 168.0M | 144.1M |
Pair Trading with Viavi Solutions
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 Viavi Solutions 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 Viavi Solutions will appreciate offsetting losses from the drop in the long position's value.Moving together with Viavi Stock
Moving against Viavi Stock
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0.71 | MSI | Motorola Solutions | PairCorr |
The ability to find closely correlated positions to Viavi Solutions could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Viavi Solutions 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 Viavi Solutions - 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 Viavi Solutions to buy it.
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Viavi Solutions moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Viavi Solutions 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 Viavi Solutions 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.Additional Tools for Viavi Stock Analysis
When running Viavi Solutions' price analysis, check to measure Viavi Solutions' 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 Viavi Solutions is operating at the current time. Most of Viavi Solutions' value examination focuses on studying past and present price action to predict the probability of Viavi Solutions' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Viavi Solutions' price. Additionally, you may evaluate how the addition of Viavi Solutions to your portfolios can decrease your overall portfolio volatility.