Viavi Solutions (Viavi Solutions) Momentum Rank : 7 (As of May. 03, 2024)

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What is Viavi Solutions Momentum Rank?

Viavi Solutions has the Momentum Rank of 7.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Viavi Solutions's Momentum Rank

For the Communication Equipment subindustry, Viavi Solutions's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Viavi Solutions's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Viavi Solutions's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Viavi Solutions's Momentum Rank falls into.

Viavi Solutions Momentum Rank Related Terms

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Viavi Solutions (Viavi Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Viavi Solutions Inc (NAS:VIAV) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

UNS1:Germany

Address

1445 South Spectrum Boulevard, Suite 102, Chandler, AZ, USA, 85286

Website

https://www.viavisolutions.com

Viavi Solutions Inc. is a global provider of network test, monitoring and assurance solutions to communications service providers, enterprises, network equipment manufacturers, civil government, military and avionics customers. The company also offers high-performance thin-film optical coatings, providing light management solutions to anti-counterfeiting, 3D sensing, electronics, automotive, defense and instrumentation markets. Its operating segments include Network Enablement, Service Enablement, and Optical Security and Performance Products. Geographically, it derives a majority of revenue from the United States.

Executives

Paul Mcnab	officer: EVP, Chief Mktg & Stgy Officer	C/O JDS UNIPHASE CORPORATION, 430 N MCCARTHY BOULEVARD, MILPITAS CA 95035
Gary W Staley	officer: SVP Global Sales NSE	VIAVI SOLUTIONS, INC., 430 NORTH MCCARTHY BLVD., MILPITAS CA 95035
Ralph Rondinone	officer: SVP Global Operations NSE	C/O JDS UNIPHASE, 430 NORTH MCCARTHY BOULEVARD, MILPITAS CA 95035
Kevin Christopher Siebert	officer: SVP Gen. Counsel & Secretary	430 NORTH MCCARTHY BOULEVARD, MILPITAS CA 95035
Luke M Scrivanich	officer: SVP General Manager OSP	430 N MCCARTHY BOULEVARD, MILPITAS CA 95035
Oleg Khaykin	officer: President & CEO
Doug Gilstrap	director	1445 SOUTH SPECTRUM BLVD., SUITE 102, CHANDLER AZ 85286
Joanne Solomon	director	1900 S. PRICE ROAD, CHANDLER AZ 85286
Richard Belluzzo	director	C/O QUANTUM CORP, 501 SYCAORE DR, MILPITAS CA 95035
Timothy Campos	director	C/O JDS UNIPHASE CORPORATION, 430 N MCCARTHY BOULEVARD, MILPITAS CA 95035
Henk Derksen	officer: EVP, CFO	1 N. BRENTWOOD BLVD., SUITE 1500, SAINT LOUIS MO 63105
Pamela K. Avent	officer: Interim CFO	C/O VIAVI SOLUTIONS INC., 6001 AMERICA CENTER DRIVE, SAN JOSE CA 95002
Keith Barnes	director	10100 N TANTAU AVE, CUPERTINO CA 95014-2540
Glenda Dorchak	director	C/O MELLANOX TECHNOLOGIES, INC., 350 OAKMEAD PARKWAY, SUITE 100, SUNNYVALE CA 94085
Tor Braham	director	C/O NETAPP, 495 E. JAVA DRIVE, SUNNYVALE CA 94089