National Vision Correlations

EYE
 Stock
  

USD 30.54  0.73  2.45%   

The correlation of National Vision is a statistical measure of how it moves in relation to other equities. 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 National Vision moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if National Vision Holdings 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.
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The ability to find closely correlated positions to National Vision could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace National Vision 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 National Vision - 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 National Vision Holdings to buy it.

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Moving against National Vision

0.54ELAEnvela CorpPairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
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WMTPG
PGAAP
AXPMSFT
AXPBBY
WMTBBY
  
High negative correlations   
WMTREMRF
REMRFAAP
REMRFBBY
PGREMRF
REMRFBBBY
AXPREMRF

National Vision Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between National Vision stock performing well and National Vision company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze National Vision's multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean
Deviation
Jensen
Alpha
Sortino
Ratio
Treynor
Ratio
Semi
Deviation
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
AAP 1.85 (0.01)  0.00 (0.16)  0.00 (0.0061)  0.00  3.02 (4.66)  13.49 
BBBY 4.50 (1.40)  0.00 (0.96)  0.00 (0.26)  0.00  8.52 (9.69)  32.96 
BBY 2.20 (0.15)  0.00 (0.26)  0.00 (0.07)  0.00  4.31 (5.58)  14.91 
REMRF 5.55  1.14  0.18  0.61  4.94  0.13 (7.96)  13.64 (7.83)  49.47 
MSFT 1.91  0.04  0.00 (0.12)  0.00 (0.0093)  0.00  2.97 (4.24)  9.36 
CAT 1.67 (0.10)  0.00 (0.24)  0.00 (0.0462)  0.00  3.20 (4.35)  10.92 
PG 1.21  0.04  0.00 (0.09)  0.00  0.05  0.00  2.54 (2.30)  8.89 
TRV 1.16 (0.04)  0.00 (0.23)  0.00  0.0145  0.00  1.92 (2.17)  6.81 
AXP 1.92 (0.17)  0.00 (0.27)  0.00 (0.1)  0.00  3.46 (3.99)  9.75 
WMT 1.39 (0.12)  0.00 (0.37)  0.00 (0.0269)  0.00  2.43 (2.47)  13.98 

Similar Equity Warning - EYE

National Vision Holdings was forked

The entity National Vision Holdings with a symbol EYE was recently forked. You can potentially use VISX INC with a symbol EYE1 from now on.

National Vision Corporate Directors

National Vision corporate directors refer to members of a National Vision board of directors. The board of directors generally takes responsibility for the National Vision's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of National Vision's board members must vote for the resolution. The National Vision board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Terence Leahy - Non-Executive DirectorProfile
Felix Gernburd - Independent DirectorProfile
Stephen Rothwell - Founder, Executive DirectorProfile
Lucy SharmanMunday - CFO, DirectorProfile

Investing National Vision Holdings

You need to understand the risk of investing before taking a position in National Vision. The danger of trading National Vision Holdings is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of National Vision is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than National Vision. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile National Vision Holdings is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Continue to Investing Opportunities. Note that the National Vision Holdings information on this page should be used as a complementary analysis to other National Vision's 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 Content Syndication module to quickly integrate customizable finance content to your own investment portal.

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When running National Vision Holdings price analysis, check to measure National Vision's 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 National Vision is operating at the current time. Most of National Vision's value examination focuses on studying past and present price action to predict the probability of National Vision's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move National Vision's price. Additionally, you may evaluate how the addition of National Vision to your portfolios can decrease your overall portfolio volatility.
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Is National Vision's 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 National Vision. If investors know National 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 National Vision 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 YOY
-0.28
Market Capitalization
2.4 B
Quarterly Revenue Growth YOY
-0.012
Return On Assets
0.0405
Return On Equity
0.13
The market value of National Vision Holdings is measured differently than its book value, which is the value of National that is recorded on the company's balance sheet. Investors also form their own opinion of National Vision's value that differs from its market value or its book value, called intrinsic value, which is National Vision'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 National Vision's market value can be influenced by many factors that don't directly affect National Vision'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 National Vision's value and its price as these two are different measures arrived at by different means. Investors typically determine National Vision value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, National Vision'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.