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VIAV vs. ZBH
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Correlation

The correlation between VIAV and ZBH is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.00.3

Performance

VIAV vs. ZBH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Viavi Solutions Inc. (VIAV) and Zimmer Biomet Holdings, Inc. (ZBH). The values are adjusted to include any dividend payments, if applicable.

-100.00%0.00%100.00%200.00%300.00%JulyAugustSeptemberOctoberNovemberDecember
-74.61%
308.11%
VIAV
ZBH

Key characteristics

Sharpe Ratio

VIAV:

0.14

ZBH:

-0.48

Sortino Ratio

VIAV:

0.49

ZBH:

-0.53

Omega Ratio

VIAV:

1.06

ZBH:

0.93

Calmar Ratio

VIAV:

0.05

ZBH:

-0.26

Martin Ratio

VIAV:

0.24

ZBH:

-0.73

Ulcer Index

VIAV:

21.60%

ZBH:

13.99%

Daily Std Dev

VIAV:

38.56%

ZBH:

21.30%

Max Drawdown

VIAV:

-99.81%

ZBH:

-65.03%

Current Drawdown

VIAV:

-98.48%

ZBH:

-37.22%

Fundamentals

Market Cap

VIAV:

$2.33B

ZBH:

$21.51B

EPS

VIAV:

-$0.17

ZBH:

$5.24

PEG Ratio

VIAV:

2.41

ZBH:

1.42

Total Revenue (TTM)

VIAV:

$990.70M

ZBH:

$7.60B

Gross Profit (TTM)

VIAV:

$564.80M

ZBH:

$5.03B

EBITDA (TTM)

VIAV:

$77.70M

ZBH:

$2.51B

Returns By Period

In the year-to-date period, VIAV achieves a 0.79% return, which is significantly higher than ZBH's -12.46% return. Over the past 10 years, VIAV has outperformed ZBH with an annualized return of 2.52%, while ZBH has yielded a comparatively lower 0.28% annualized return.


VIAV

YTD

0.79%

1M

3.57%

6M

34.79%

1Y

3.57%

5Y*

-7.84%

10Y*

2.52%

ZBH

YTD

-12.46%

1M

-6.34%

6M

-0.34%

1Y

-11.02%

5Y*

-5.50%

10Y*

0.28%

Compare stocks, funds, or ETFs

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Risk-Adjusted Performance

VIAV vs. ZBH - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Viavi Solutions Inc. (VIAV) and Zimmer Biomet Holdings, Inc. (ZBH). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratio
The chart of Sharpe ratio for VIAV, currently valued at 0.14, compared to the broader market-4.00-2.000.002.000.14-0.48
The chart of Sortino ratio for VIAV, currently valued at 0.49, compared to the broader market-4.00-2.000.002.004.000.49-0.53
The chart of Omega ratio for VIAV, currently valued at 1.06, compared to the broader market0.501.001.502.001.060.93
The chart of Calmar ratio for VIAV, currently valued at 0.06, compared to the broader market0.002.004.006.000.06-0.26
The chart of Martin ratio for VIAV, currently valued at 0.24, compared to the broader market0.0010.0020.000.24-0.73
VIAV
ZBH

The current VIAV Sharpe Ratio is 0.14, which is higher than the ZBH Sharpe Ratio of -0.48. The chart below compares the historical Sharpe Ratios of VIAV and ZBH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.00-0.500.000.501.00JulyAugustSeptemberOctoberNovemberDecember
0.14
-0.48
VIAV
ZBH

Dividends

VIAV vs. ZBH - Dividend Comparison

VIAV has not paid dividends to shareholders, while ZBH's dividend yield for the trailing twelve months is around 0.91%.


TTM20232022202120202019201820172016201520142013
VIAV
Viavi Solutions Inc.
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%77.01%0.00%0.00%
ZBH
Zimmer Biomet Holdings, Inc.
0.91%0.79%0.75%0.76%0.62%0.64%0.93%0.80%0.93%0.86%0.78%0.86%

Drawdowns

VIAV vs. ZBH - Drawdown Comparison

The maximum VIAV drawdown since its inception was -99.81%, which is greater than ZBH's maximum drawdown of -65.03%. Use the drawdown chart below to compare losses from any high point for VIAV and ZBH. For additional features, visit the drawdowns tool.


-90.00%-80.00%-70.00%-60.00%-50.00%-40.00%-30.00%JulyAugustSeptemberOctoberNovemberDecember
-81.80%
-37.22%
VIAV
ZBH

Volatility

VIAV vs. ZBH - Volatility Comparison

Viavi Solutions Inc. (VIAV) has a higher volatility of 11.63% compared to Zimmer Biomet Holdings, Inc. (ZBH) at 5.05%. This indicates that VIAV's price experiences larger fluctuations and is considered to be riskier than ZBH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


4.00%6.00%8.00%10.00%12.00%14.00%JulyAugustSeptemberOctoberNovemberDecember
11.63%
5.05%
VIAV
ZBH

Financials

VIAV vs. ZBH - Financials Comparison

This section allows you to compare key financial metrics between Viavi Solutions Inc. and Zimmer Biomet Holdings, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


Values in USD except per share items
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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