Viavi Solutions Correlations

Stocks . USA . 
Stock . Viavi Solutions
VIAV Stock  USD 10.10  0.20  2.02%   
The current 90-days correlation between Viavi Solutions and Ichor Holdings is 0.49 (i.e., Very weak 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

Poor diversification

The correlation between Viavi Solutions and DJI is 0.69 (i.e., Poor 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.

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Related Correlations Analysis

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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.

Viavi Solutions Corporate Management

Petra NagelSenior ResourcesProfile
Pamela AventGlobal ControllerProfile
Sagar HebbarHead RelationsProfile
Michael SeidlSr ManagementProfile
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