All redshifts can be understood under the umbrella of frame transformation laws. Gravitational waves, which also travel at the speed of light, are subject to the same redshift phenomena. The value of a redshift is often denoted by the letter z, corresponding to the fractional change in wavelength (positive for redshifts, negative for blueshifts), and by the wavelength ratio 1 + z (which is greater than 1 for redshifts and less than 1 for blueshifts).