National Tax Liabilities vs Trade and Non Trade Payables 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 Tax Liabilities and its Trade and Non Trade Payables accounts. Continue to Investing Opportunities.

Tax Liabilities vs Trade and Non Trade Payables

Tax Liabilities vs Trade and Non Trade Payables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of National Vision Holdings Tax Liabilities account and Trade and Non Trade Payables. At this time, the significance of the direction appears to have pay attention.
The correlation between National Vision's Tax Liabilities and Trade and Non Trade Payables is -0.97. Overlapping area represents the amount of variation of Tax Liabilities that can explain the historical movement of Trade and Non Trade Payables 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 Tax Liabilities and Trade and Non Trade Payables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Tax Liabilities of National Vision Holdings are associated (or correlated) with its Trade and Non Trade Payables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Trade and Non Trade Payables has no effect on the direction of Tax Liabilities i.e., National Vision's Tax Liabilities and Trade and Non Trade Payables go up and down completely randomly.

Correlation Coefficient

-0.97
Relationship DirectionNegative 
Relationship StrengthSignificant

Tax Liabilities

A component of Total Liabilities representing outstanding tax liabilities.

Trade and Non Trade Payables

A component of Total Liabilities representing trade and non-trade payables.
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
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National Vision Account Relationship Matchups

National Vision Investors Sentiment

The influence of National Vision's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in National. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

National Vision Implied Volatility

    
  52.02  
National Vision's implied volatility exposes the market's sentiment of National Vision Holdings stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if National Vision's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that National Vision stock will not fluctuate a lot when National Vision's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards National Vision in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, National Vision's short interest history, or implied volatility extrapolated from National Vision options trading.

Current Sentiment - EYE

National Vision Holdings Investor Sentiment

Greater number of Macroaxis users are currently bullish on National Vision Holdings. What is your trading attitude regarding investing in National Vision Holdings? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish

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 Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

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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.