Viavi Solutions Stock Market Value
| VIAV Stock | USD 7.37 0.19 2.51% |
| Symbol | Viavi |
Viavi Solutions Price To Book Ratio
Is Viavi Solutions' 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 Viavi Solutions. If investors know Viavi 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 Viavi Solutions listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.73) | Earnings Share (0.02) | Revenue Per Share 4.551 | Quarterly Revenue Growth 0.166 | Return On Assets 0.0096 |
The market value of Viavi Solutions is measured differently than its book value, which is the value of Viavi that is recorded on the company's balance sheet. Investors also form their own opinion of Viavi Solutions' value that differs from its market value or its book value, called intrinsic value, which is Viavi Solutions' 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 Viavi Solutions' market value can be influenced by many factors that don't directly affect Viavi Solutions' 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 Viavi Solutions' value and its price as these two are different measures arrived at by different means. Investors typically determine if Viavi Solutions is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Viavi Solutions' 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.
Viavi Solutions 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Viavi Solutions' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Viavi Solutions.
| 04/07/2024 |
| 05/07/2024 |
If you would invest 0.00 in Viavi Solutions on April 7, 2024 and sell it all today you would earn a total of 0.00 from holding Viavi Solutions or generate 0.0% return on investment in Viavi Solutions over 30 days. Viavi Solutions is related to or competes with Civeo Corp, BrightView Holdings, Maximus, CBIZ, Performant Financial, Rentokil Initial, and Wilhelmina. Viavi Solutions Inc. provides network test, monitoring, and assurance solutions for communications service providers, en... More
Viavi Solutions Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Viavi Solutions' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Viavi Solutions upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 21.19 | |||
| Value At Risk | (5.12) | |||
| Potential Upside | 2.67 |
Viavi Solutions Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Viavi Solutions' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Viavi Solutions' standard deviation. In reality, there are many statistical measures that can use Viavi Solutions historical prices to predict the future Viavi Solutions' volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.50) | |||
| Total Risk Alpha | (0.74) | |||
| Treynor Ratio | (0.33) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Viavi Solutions' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Viavi Solutions Backtested Returns
Viavi Solutions owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0814, which indicates the firm had a -0.0814% return per unit of risk over the last 3 months. Viavi Solutions exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Viavi Solutions' Variance of 9.91, risk adjusted performance of (0.07), and Coefficient Of Variation of (777.25) to confirm the risk estimate we provide. The entity has a beta of 1.26, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Viavi Solutions will likely underperform. Viavi Solutions has an expected return of -0.26%. Please make sure to validate Viavi Solutions treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if Viavi Solutions performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.62 |
Good predictability
Viavi Solutions has good predictability. Overlapping area represents the amount of predictability between Viavi Solutions time series from 7th of April 2024 to 22nd of April 2024 and 22nd of April 2024 to 7th of May 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Viavi Solutions price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Viavi Solutions price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Viavi Solutions lagged returns against current returns
Autocorrelation, which is Viavi Solutions stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Viavi Solutions' stock expected returns. We can calculate the autocorrelation of Viavi Solutions returns to help us make a trade decision. For example, suppose you find that Viavi Solutions has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Viavi Solutions regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Viavi Solutions stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Viavi Solutions stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Viavi Solutions stock over time.
Current vs Lagged Prices |
| Timeline |
Viavi Solutions Lagged Returns
When evaluating Viavi Solutions' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Viavi Solutions stock have on its future price. Viavi Solutions autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Viavi Solutions autocorrelation shows the relationship between Viavi Solutions stock current value and its past values and can show if there is a momentum factor associated with investing in Viavi Solutions.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Viavi Solutions is a strong investment it is important to analyze Viavi Solutions' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Viavi Solutions' future performance. For an informed investment choice regarding Viavi Stock, refer to the following important reports:Check out Viavi Solutions Correlation, Viavi Solutions Volatility and Viavi Solutions Alpha and Beta module to complement your research on Viavi Solutions. For more information on how to buy Viavi Stock please use our How to Invest in Viavi Solutions guide.Note that the Viavi Solutions information on this page should be used as a complementary analysis to other Viavi Solutions' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Complementary 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.
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Viavi Solutions technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.