Ciena Roic from 2010 to 2024
| CIEN Stock | USD 70.13 1.96 2.88% |
ROIC | First Reported 2010-12-31 | Previous Quarter 0.12084907 | Current Value 0.13 | Quarterly Volatility 0.0240437 |
Check Ciena Corp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Ciena Corp's main balance sheet or income statement drivers, such as Depreciation And Amortization of 160.3 M, Interest Expense of 141.8 M or Selling General Administrative of 260 M, as well as many indicators such as Price To Sales Ratio of 1.63, Dividend Yield of 0.0563 or PTB Ratio of 2.3. Ciena financial statements analysis is a perfect complement when working with Ciena Corp Valuation or Volatility modules.
Ciena | Roic |
Latest Ciena Corp's Roic Growth Pattern
Below is the plot of the Roic of Ciena Corp over the last few years. It is return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders. Ciena Corp's ROIC historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Ciena Corp's overall financial position and show how it may be relating to other accounts over time.
| Roic | 10 Years Trend |
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Roic |
| Timeline |
Ciena Roic Regression Statistics
| Arithmetic Mean | 0.07 | |
| Geometric Mean | 0.07 | |
| Coefficient Of Variation | 35.16 | |
| Mean Deviation | 0.02 | |
| Median | 0.06 | |
| Standard Deviation | 0.02 | |
| Sample Variance | 0.0006 | |
| Range | 0.0801 | |
| R-Value | 0.74 | |
| Mean Square Error | 0.0003 | |
| R-Squared | 0.55 | |
| Significance | 0 | |
| Slope | 0 | |
| Total Sum of Squares | 0.01 |
Ciena Roic History
About Ciena Corp Financial Statements
Ciena Corp investors utilize fundamental indicators, such as Roic, to predict how Ciena Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| ROIC | 0.12 | 0.13 |
Pair Trading with Ciena Corp
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 Ciena Corp 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 Ciena Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Ciena Stock
| 0.93 | CSCO | Cisco Systems Aggressive Push | PairCorr |
Moving against Ciena Stock
| 0.79 | ASYS | Amtech Systems Fiscal Year End 12th of December 2024 | PairCorr |
| 0.73 | ICG | Intchains Group | PairCorr |
| 0.62 | ACLS | Axcelis Technologies | PairCorr |
| 0.53 | TER | Teradyne | PairCorr |
| 0.48 | CDW | CDW Corp | PairCorr |
The ability to find closely correlated positions to Ciena Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ciena Corp 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 Ciena Corp - 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 Ciena Corp to buy it.
The correlation of Ciena Corp 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 Ciena Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ciena Corp 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 Ciena Corp 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.Check out the analysis of Ciena Corp Correlation against competitors. To learn how to invest in Ciena Stock, please use our How to Invest in Ciena Corp guide.You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Is Communications Equipment space 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 Ciena Corp. If investors know Ciena 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 Ciena Corp 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 (0.50) | Earnings Share 0.94 | Revenue Per Share 27.627 | Quarterly Revenue Growth (0.12) | Return On Assets 0.0252 |
The market value of Ciena Corp is measured differently than its book value, which is the value of Ciena that is recorded on the company's balance sheet. Investors also form their own opinion of Ciena Corp's value that differs from its market value or its book value, called intrinsic value, which is Ciena Corp's 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 Ciena Corp's market value can be influenced by many factors that don't directly affect Ciena Corp's 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 Ciena Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ciena Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ciena Corp's 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.