Viavi Solutions Correlations

VIAV Stock

USD 10.22 0.18 1.79%

The current 90-days correlation between Viavi Solutions and Infinera is 0.1 (i.e., Average 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

Modest diversification

The correlation between Viavi Solutions and DJI is 0.23 (i.e., Modest 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.

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 together with Viavi Stock

0.81	KN	Knowles Cor	Pair Corr
0.69	UI	Ubiquiti Networks Tech Boost	Pair Corr
0.61	SATLW	Satellogic Warrant	Pair Corr
0.62	EHGO	Eshallgo Class A	Pair Corr
0.73	EMKR	EMCORE	Pair Corr
0.9	EXTR	Extreme Networks	Pair Corr
0.84	FFIV	F5 Networks	Pair Corr
0.67	FLEX	Flex	Pair Corr
0.85	APH	Amphenol Earnings Call This Week	Pair Corr
0.77	BHE	Benchmark Electronics	Pair Corr
0.76	CLS	Celestica	Pair Corr
0.86	CTS	CTS Corporation	Pair Corr
0.64	DLB	Dolby Laboratories	Pair Corr
0.67	GLW	Corning Incorporated	Pair Corr
0.67	HPE	Hewlett Packard Ente Aggressive Push	Pair Corr
0.82	IDN	Intellicheck Mobilisa	Pair Corr

Moving against Viavi Stock

0.62	VISL	Vislink Technologies	Pair Corr
0.5	DM	Desktop Metal	Pair Corr
0.42	VSAT	ViaSat Inc	Pair Corr
0.36	DSWL	Deswell Industries	Pair Corr
0.7	CDW	CDW Corp	Pair Corr
0.31	UKOMW	Ucommune International	Pair Corr
0.8	OST	Ostin Technology	Pair Corr
0.73	LPL	LG Display Earnings Call This Week	Pair Corr
0.51	STX	Seagate Technology PLC Earnings Call This Week	Pair Corr
0.37	NOK	Nokia Corp ADR Earnings Call This Week	Pair Corr

Related Correlations Analysis

	CIEN	INFN	AAOI	JNPR	KN	EXTR	KVHI	CMTL	SATS	MYNA
CIEN		-0.73	0.62	-0.06	0.81	0.78	0.67	0.11	-0.58	-0.83	CIEN
INFN	-0.73		-0.79	0.49	-0.8	-0.78	-0.76	0.11	0.59	0.55	INFN
AAOI	0.62	-0.79		-0.71	0.82	0.78	0.81	-0.02	-0.55	-0.43	AAOI
JNPR	-0.06	0.49	-0.71		-0.33	-0.33	-0.48	0.22	0.3	-0.08	JNPR
KN	0.81	-0.8	0.82	-0.33		0.89	0.8	0.01	-0.4	-0.61	KN
EXTR	0.78	-0.78	0.78	-0.33	0.89		0.77	-0.14	-0.46	-0.65	EXTR
KVHI	0.67	-0.76	0.81	-0.48	0.8	0.77		0.12	-0.48	-0.63	KVHI
CMTL	0.11	0.11	-0.02	0.22	0.01	-0.14	0.12		0.02	-0.17	CMTL
SATS	-0.58	0.59	-0.55	0.3	-0.4	-0.46	-0.48	0.02		0.5	SATS
MYNA	-0.83	0.55	-0.43	-0.08	-0.61	-0.65	-0.63	-0.17	0.5		MYNA
	CIEN	INFN	AAOI	JNPR	KN	EXTR	KVHI	CMTL	SATS	MYNA

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

EXTR	+ 0.89	KN
KN	+ 0.82	AAOI
KN	+ 0.81	CIEN
KVHI	+ 0.81	AAOI
KVHI	+ 0.8	KN
EXTR	+ 0.78	CIEN

High negative correlations

MYNA	- 0.83	CIEN
KN	- 0.8	INFN
AAOI	- 0.79	INFN
EXTR	- 0.78	INFN
KVHI	- 0.76	INFN
INFN	- 0.73	CIEN

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
CIEN	1.86	0.34	0.17	0.44	1.78	(2.07)	4.01	(3.03)	20.24
INFN	0.34	(0.04)	0.00	0.83	0.00	0.00	0.61	(0.75)	3.83
AAOI	6.11	1.23	0.20	0.48	5.56	(7.89)	13.18	(8.49)	76.77
JNPR	0.56	0.01	0.01	0.11	1.11	(0.54)	1.46	(1.01)	5.50
KN	1.33	0.20	0.14	0.30	1.27	(1.66)	2.43	(2.51)	12.11
EXTR	1.82	0.20	0.09	0.68	1.99	(1.97)	4.28	(3.30)	18.17
KVHI	1.63	0.25	0.11	(0.67)	1.85	(1.84)	4.21	(2.92)	8.92
CMTL	5.86	(0.28)	0.00	(0.54)	0.00	0.00	10.57	(15.12)	65.93
SATS	1.96	0.07	0.02	0.19	3.00	(2.10)	4.33	(3.43)	23.30
MYNA	7.55	(0.50)	0.00	0.28	0.00	0.00	14.29	(15.91)	78.82

Viavi Solutions Corporate Management

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

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