Viavi Common Stock Total Equity vs Short Long Term Debt Total Analysis
VIAV Stock | USD 7.76 0.02 0.26% |
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 Common Stock Total Equity and its Short Long Term Debt Total 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 tightly coupled 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.
Common Stock Total Equity vs Short Long Term Debt Total
Common Stock Total Equity vs Short Long Term Debt Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Viavi Solutions Common Stock Total Equity account and Short Long Term Debt Total. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Viavi Solutions' Common Stock Total Equity and Short Long Term Debt Total is -0.07. Overlapping area represents the amount of variation of Common Stock Total Equity that can explain the historical movement of Short Long Term Debt Total 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' Common Stock Total Equity and Short Long Term Debt Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Total Equity of Viavi Solutions are associated (or correlated) with its Short Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt Total has no effect on the direction of Common Stock Total Equity i.e., Viavi Solutions' Common Stock Total Equity and Short Long Term Debt Total go up and down completely randomly.
Correlation Coefficient | -0.07 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.Short Long Term Debt Total
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 tightly coupled 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
0.83 | EMKR | EMCORE Fiscal Year End 10th of December 2024 | PairCorr |
Moving against Viavi Stock
0.68 | SATS | EchoStar Buyout Trend | PairCorr |
0.59 | ZBRA | Zebra Technologies | PairCorr |
0.56 | MSI | Motorola Solutions | PairCorr |
0.49 | KVHI | KVH Industries | 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.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 tightly coupled 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.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 Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
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.
Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins |
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.