National Retained Earnings vs Net Receivables 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 Retained Earnings and its Net Receivables 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.
Retained Earnings vs Net Receivables
Retained Earnings vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of National Vision Holdings Retained Earnings account and Net Receivables. At this time, the significance of the direction appears to have almost identical trend.
The correlation between National Vision's Retained Earnings and Net Receivables is 0.93. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Net Receivables 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 Retained Earnings and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of National Vision Holdings are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Retained Earnings i.e., National Vision's Retained Earnings and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.93 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Net Receivables
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
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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 |
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 market does not have solid backing from leading economists and market statisticians.
Investor biases related to National Vision's public news can be used to forecast risks associated with an investment in National. The trend in average sentiment can be used to explain how an investor holding National can time the market purely based on public headlines and social activities around National Vision Holdings. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
National Vision's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for National Vision's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average National Vision's news discussions. The higher the estimated score, the more favorable is the investor's outlook on National Vision.
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.
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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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When running National Vision's 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 the 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 (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.