National Vision Holdings Stock Market Value
| EYE Stock | USD 11.65 0.10 0.87% |
| Symbol | National |
National Vision Holdings Price To Book Ratio
Is Other Specialty Retail space 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 (0.34) | Earnings Share (1.04) | Revenue Per Share 27.744 | Quarterly Revenue Growth 0.029 | Return On Assets 0.0097 |
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.
National Vision 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to National Vision's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of National Vision.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in National Vision on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding National Vision Holdings or generate 0.0% return on investment in National Vision over 30 days. National Vision is related to or competes with Sally Beauty, MarineMax, Sportsmans, 1 800, Leslies, ODP Corp, and Caseys General. National Vision Holdings, Inc., through its subsidiaries, operates as an optical retailer in the United States More
National Vision Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure National Vision's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess National Vision Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.13 | |||
| Information Ratio | 0.0215 | |||
| Maximum Drawdown | 10.35 | |||
| Value At Risk | (3.21) | |||
| Potential Upside | 4.82 |
National Vision Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for National Vision's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as National Vision's standard deviation. In reality, there are many statistical measures that can use National Vision historical prices to predict the future National Vision's volatility.| Risk Adjusted Performance | 0.0585 | |||
| Jensen Alpha | 0.0989 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0239 | |||
| Treynor Ratio | 0.2906 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of National Vision's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
National Vision Holdings Backtested Returns
At this point, National Vision is not too volatile. National Vision Holdings has Sharpe Ratio of 0.0809, which conveys that the firm had a 0.0809% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for National Vision, which you can use to evaluate the volatility of the firm. Please verify National Vision's Mean Deviation of 1.89, risk adjusted performance of 0.0585, and Downside Deviation of 2.13 to check out if the risk estimate we provide is consistent with the expected return of 0.19%. National Vision has a performance score of 6 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.52, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, National Vision's returns are expected to increase less than the market. However, during the bear market, the loss of holding National Vision is expected to be smaller as well. National Vision Holdings right now secures a risk of 2.34%. Please verify National Vision Holdings semi variance, and the relationship between the maximum drawdown and accumulation distribution , to decide if National Vision Holdings will be following its current price movements.
Auto-correlation | 0.06 |
Virtually no predictability
National Vision Holdings has virtually no predictability. Overlapping area represents the amount of predictability between National Vision time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of National Vision Holdings price movement. The serial correlation of 0.06 indicates that barely 6.0% of current National Vision price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
National Vision Holdings lagged returns against current returns
Autocorrelation, which is National Vision stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting National Vision's stock expected returns. We can calculate the autocorrelation of National Vision returns to help us make a trade decision. For example, suppose you find that National Vision has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
National Vision regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If National Vision stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if National Vision stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in National Vision stock over time.
Current vs Lagged Prices |
| Timeline |
National Vision Lagged Returns
When evaluating National Vision's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of National Vision stock have on its future price. National Vision autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, National Vision autocorrelation shows the relationship between National Vision stock current value and its past values and can show if there is a momentum factor associated with investing in National Vision Holdings.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether National Vision Holdings is a strong investment it is important to analyze National Vision's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact National Vision's future performance. For an informed investment choice regarding National Stock, refer to the following important reports:Check out National Vision Correlation, National Vision Volatility and National Vision Alpha and Beta module to complement your research on National Vision. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
National Vision technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.