National Liabilities Non Current vs Total Assets Analysis

EYE -  USA Stock  

USD 26.57  3.24  10.87%

National Vision financial indicator trend analysis is infinitely more than just investigating National Vision Holdings recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether National Vision Holdings is a good investment. Please check the relationship between National Vision Liabilities Non Current and its Total Assets accounts. Continue to Investing Opportunities.

Liabilities Non Current vs Total Assets

Liabilities Non Current vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of National Vision Holdings Liabilities Non Current account and Total Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between National Vision's Liabilities Non Current and Total Assets is 0.92. Overlapping area represents the amount of variation of Liabilities Non Current that can explain the historical movement of Total Assets in the same time period over historical financial statements of National Vision Holdings, assuming nothing else is changed. The correlation between historical values of National Vision's Liabilities Non Current and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Liabilities Non Current of National Vision Holdings are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Liabilities Non Current i.e., National Vision's Liabilities Non Current and Total Assets go up and down completely randomly.

Correlation Coefficient

0.92
Relationship DirectionPositive 
Relationship StrengthVery Strong

Liabilities Non Current

The non-current portion of Total Liabilities; reported if the company operates a classified balance sheet that segments current and non-current liabilities.

Total Assets

Total assets refers to the total amount of National Vision assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in National Vision Holdings books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Major components are Cash and Equivalents; [Investments]; Goodwill and Intangible Assets; Property Plant and Equipment Net; [TaxAssets] and Trade and Non Trade Receivables.
Most indicators from National Vision fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into National Vision Holdings 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. Continue to Investing Opportunities.National Vision Enterprise Value over EBITDA is projected to increase slightly based on the last few years of reporting. The past year's Enterprise Value over EBITDA was at 16.69
 2010 2016 2022 (projected)
Consolidated Income128.24 M13.34 M74.52 M
Direct Expenses904.78 M544.78 M762.93 M

National Vision fundamental ratios Correlations

1.01.01.01.01.00.991.00.991.00.631.0-0.761.00.991.00.921.01.01.0-0.96
1.01.01.01.01.01.01.01.00.990.61.0-0.781.00.991.00.911.01.01.0-0.97
1.01.01.01.01.01.01.01.00.990.61.0-0.781.00.991.00.911.01.01.0-0.97
1.01.01.01.01.01.01.01.00.990.621.0-0.771.00.991.00.921.01.01.0-0.97
1.01.01.01.00.991.00.991.00.980.561.0-0.821.00.981.00.881.01.01.0-0.98
1.01.01.01.00.990.991.00.991.00.680.99-0.721.01.00.990.940.990.991.0-0.94
0.991.01.01.01.00.990.991.00.980.541.0-0.830.990.971.00.881.01.01.0-0.99
1.01.01.01.00.991.00.990.991.00.670.99-0.731.01.01.00.941.00.991.0-0.95
0.991.01.01.01.00.991.00.990.980.551.0-0.820.990.971.00.881.01.01.0-0.99
1.00.990.990.990.981.00.981.00.980.710.98-0.691.01.00.990.960.990.980.99-0.93
0.630.60.60.620.560.680.540.670.550.710.570.030.630.720.590.880.60.560.6-0.39
1.01.01.01.01.00.991.00.991.00.980.57-0.811.00.981.00.891.01.01.0-0.98
-0.76-0.78-0.78-0.77-0.82-0.72-0.83-0.73-0.82-0.690.03-0.81-0.76-0.67-0.79-0.45-0.79-0.81-0.780.91
1.01.01.01.01.01.00.991.00.991.00.631.0-0.760.991.00.921.01.01.0-0.96
0.990.990.990.990.981.00.971.00.971.00.720.98-0.670.990.990.960.990.980.99-0.92
1.01.01.01.01.00.991.01.01.00.990.591.0-0.791.00.990.91.01.01.0-0.97
0.920.910.910.920.880.940.880.940.880.960.880.89-0.450.920.960.90.910.890.91-0.78
1.01.01.01.01.00.991.01.01.00.990.61.0-0.791.00.991.00.911.01.0-0.97
1.01.01.01.01.00.991.00.991.00.980.561.0-0.811.00.981.00.891.01.0-0.98
1.01.01.01.01.01.01.01.01.00.990.61.0-0.781.00.991.00.911.01.0-0.97
-0.96-0.97-0.97-0.97-0.98-0.94-0.99-0.95-0.99-0.93-0.39-0.980.91-0.96-0.92-0.97-0.78-0.97-0.98-0.97
Click cells to compare fundamentals

National Vision Account Relationship Matchups

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Our tools can tell you how much better you can do entering a position in National Vision without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with National Vision

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 National Vision 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 National Vision will appreciate offsetting losses from the drop in the long position's value.

National Vision Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

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.
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.
Correlation analysis and pair trading evaluation for National Vision 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.
Pair CorrelationCorrelation Matching
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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

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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
2.3 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.