National Capital Stock vs Net Working Capital Analysis
EYE Stock | USD 17.87 0.40 2.19% |
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 Capital Stock and its Net Working Capital accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in National Vision Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing.
Capital Stock vs Net Working Capital
Capital Stock vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of National Vision Holdings Capital Stock account and Net Working Capital. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between National Vision's Capital Stock and Net Working Capital is 0.47. Overlapping area represents the amount of variation of Capital Stock that can explain the historical movement of Net Working Capital 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 Capital Stock and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Stock of National Vision Holdings are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Capital Stock i.e., National Vision's Capital Stock and Net Working Capital go up and down completely randomly.
Correlation Coefficient | 0.47 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Capital Stock
The total amount of a company’s capital funded by shareholders through the issue and subscription of shares.Net Working Capital
Most indicators from National Vision's 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. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in National Vision Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. The current year's Tax Provision is expected to grow to about 4.3 M, whereas Selling General Administrative is forecasted to decline to about 697.7 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.2B | 1.1B | 1.0B | 922.7M | Total Revenue | 2.1B | 2.0B | 2.1B | 1.7B |
National Vision fundamental ratios Correlations
Click cells to compare fundamentals
National Vision Account Relationship Matchups
High Positive Relationship
High Negative Relationship
National Vision fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 81.7M | 82.8M | 96.1M | 80.3M | 78.3M | 83.7M | |
Total Assets | 2.0B | 2.3B | 2.3B | 2.3B | 2.3B | 2.1B | |
Short Long Term Debt Total | 953.4M | 1.0B | 973.3M | 1.0B | 923.5M | 920.9M | |
Other Current Liab | 82.8M | 110.3M | 119.3M | 94.2M | 123.3M | 99.6M | |
Total Current Liabilities | 273.2M | 328.7M | 343.8M | 344.3M | 397.7M | 302.9M | |
Total Stockholder Equity | 776.4M | 906.5M | 926.0M | 901.1M | 829.4M | 798.1M | |
Other Liab | 93.8M | 111.5M | 115.0M | 124.4M | 111.9M | 107.8M | |
Net Tangible Assets | (298.7M) | 187.0M | (134.2M) | 228.0M | 262.2M | 275.3M | |
Property Plant And Equipment Net | 714.9M | 681.4M | 701.3M | 742.6M | 769.1M | 578.4M | |
Current Deferred Revenue | 83.9M | 91.6M | 95.2M | 103.4M | 111.0M | 99.0M | |
Net Debt | 914.1M | 667.2M | 667.5M | 773.4M | 773.6M | 782.8M | |
Retained Earnings | 107.1M | 142.9M | 278.4M | 320.5M | 254.6M | 144.6M | |
Accounts Payable | 40.8M | 64.9M | 64.3M | 65.3M | 67.6M | 55.7M | |
Cash | 39.3M | 373.9M | 305.8M | 229.4M | 149.9M | 138.1M | |
Non Current Assets Total | 1.8B | 1.8B | 1.8B | 1.8B | 1.9B | 1.8B | |
Non Currrent Assets Other | 8.1M | 17.7M | 17.0M | (73.1M) | 27.2M | 28.6M | |
Other Assets | 8.1M | 17.7M | 17.0M | 22.0M | 25.3M | 14.0M | |
Long Term Debt | 555.9M | 624.6M | 543.6M | 563.4M | 450.8M | 472.5M | |
Cash And Short Term Investments | 39.3M | 373.9M | 305.8M | 229.4M | 149.9M | 138.1M | |
Net Receivables | 44.5M | 58.0M | 55.7M | 79.9M | 86.9M | 59.0M | |
Common Stock Total Equity | 805K | 821K | 838K | 842K | 968.3K | 819.1K | |
Long Term Debt Total | 555.9M | 651.8M | 566.1M | 563.4M | 507.0M | 494.9M | |
Liabilities And Stockholders Equity | 2.0B | 2.3B | 2.3B | 2.3B | 2.3B | 2.1B | |
Non Current Liabilities Total | 983.1M | 1.1B | 1.0B | 1.0B | 1.1B | 1.0B | |
Capital Surpluse | 700.1M | 795.7M | 750.5M | 767.1M | 882.2M | 709.9M | |
Inventory | 127.6M | 111.3M | 123.7M | 123.2M | 119.9M | 119.1M | |
Other Current Assets | 23.3M | 23.5M | 29.4M | 41.4M | 40.0M | 30.7M | |
Other Stockholder Equity | 672.3M | 767.2M | 648.7M | 580.9M | 574.4M | 658.8M | |
Total Liab | 1.3B | 1.4B | 1.4B | 1.4B | 1.5B | 1.3B | |
Property Plant And Equipment Gross | 714.9M | 681.4M | 701.3M | 742.6M | 1.3B | 1.4B | |
Short Long Term Debt | 13.8M | 3.6M | 4.0M | 4.1M | 10.5M | 7.3M | |
Total Current Assets | 234.6M | 566.7M | 514.6M | 473.8M | 396.7M | 346.9M | |
Accumulated Other Comprehensive Income | (3.8M) | (4.4M) | (1.9M) | (1.2M) | (419K) | (440.0K) | |
Short Term Debt | 65.7M | 62.0M | 64.9M | 81.3M | 95.9M | 48.8M | |
Intangible Assets | 297.5M | 290.1M | 282.6M | 275.2M | 260.8M | 238.1M | |
Common Stock | 805K | 821K | 838K | 842K | 848K | 831.7K | |
Property Plant Equipment | 714.9M | 681.4M | 701.3M | 742.6M | 854.0M | 544.7M | |
Capital Lease Obligations | 383.7M | 412.9M | 429.7M | 435.3M | 462.2M | 297.4M |
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.Moving against National Stock
0.79 | LE | Lands End Financial Report 6th of June 2024 | PairCorr |
0.43 | AKA | AKA Brands Holding Financial Report 8th of May 2024 | PairCorr |
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 instruments. 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.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in National Vision Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
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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 (0.41) | Earnings Share (0.84) | Revenue Per Share 27.153 | Quarterly Revenue Growth 0.08 | Return On Assets 0.01 |
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 if National Vision is a good investment 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.