Main Total Current Assets vs Common Stock Shares Outstanding Analysis
| MAIN Stock | USD 50.14 0.09 0.18% |
Main Street financial indicator trend analysis is infinitely more than just investigating Main Street Capital recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Main Street Capital is a good investment. Please check the relationship between Main Street Total Current Assets and its Common Stock Shares Outstanding accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Main Street Capital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
Total Current Assets vs Common Stock Shares Outstanding
Total Current Assets vs Common Stock Shares Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Main Street Capital Total Current Assets account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have weak relationship.
The correlation between Main Street's Total Current Assets and Common Stock Shares Outstanding is 0.3. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Main Street Capital, assuming nothing else is changed. The correlation between historical values of Main Street's Total Current Assets and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Main Street Capital are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Total Current Assets i.e., Main Street's Total Current Assets and Common Stock Shares Outstanding go up and down completely randomly.
Correlation Coefficient | 0.3 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Most indicators from Main Street's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Main Street Capital 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Main Street Capital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. At this time, Main Street's Selling General Administrative is very stable compared to the past year. As of the 30th of September 2024, Tax Provision is likely to grow to about 30.7 M, while Issuance Of Capital Stock is likely to drop about 156.4 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 411.2M | 331.2M | 401.9M | 422.0M | Total Revenue | 411.2M | 331.2M | 401.9M | 422.0M |
Main Street fundamental ratios Correlations
Click cells to compare fundamentals
Main Street Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Main Street fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Common Stock Shares Outstanding | 63.0M | 65.7M | 69.0M | 74.5M | 81.9M | 44.3M | |
| Total Assets | 2.7B | 2.8B | 3.7B | 4.2B | 4.5B | 4.7B | |
| Short Long Term Debt Total | 1.2B | 1.2B | 1.8B | 2.0B | 1.8B | 1.9B | |
| Other Current Liab | (45.0M) | (43.4M) | (75.7M) | (86.3M) | (614.8M) | (584.0M) | |
| Total Current Liabilities | 45.0M | 43.4M | 75.7M | 86.3M | 614.8M | 645.5M | |
| Total Stockholder Equity | 1.5B | 1.5B | 1.8B | 2.1B | 2.5B | 2.6B | |
| Other Liab | 16.1M | 2.6M | 29.7M | 47.8M | 55.0M | 57.8M | |
| Net Debt | 1.1B | 1.2B | 1.8B | 1.9B | 1.8B | 1.8B | |
| Retained Earnings | 23.3M | (101.9M) | 51.8M | 77.3M | 206.0M | 216.3M | |
| Accounts Payable | 45.0M | 43.4M | 75.7M | 86.3M | 100.0M | 105.0M | |
| Cash | 55.2M | 31.9M | 32.6M | 49.1M | 60.1M | 44.3M | |
| Non Current Assets Total | 2.6B | 2.7B | 3.6B | 4.1B | 4.4B | 4.6B | |
| Non Currrent Assets Other | (2.6B) | (2.7B) | (3.6B) | (4.1B) | (4.3B) | (4.6B) | |
| Other Assets | 3.5M | 2.8M | 4.2M | 7.5M | 89.3M | 93.8M | |
| Cash And Short Term Investments | 55.2M | 31.9M | 32.6M | 49.1M | 60.1M | 42.7M | |
| Liabilities And Stockholders Equity | 2.7B | 2.8B | 3.7B | 4.2B | 4.5B | 4.7B | |
| Non Current Liabilities Total | 1.1B | 1.2B | 1.8B | 86.3M | 63.9M | 60.7M | |
| Other Current Assets | (55.2M) | (31.9M) | (69.7M) | (134.1M) | (149.4M) | (141.9M) | |
| Other Stockholder Equity | 1.5B | 1.7B | 1.7B | 2.0B | 2.1B | 2.2B | |
| Total Liab | 1.2B | 1.3B | 1.9B | 2.1B | 2.0B | 2.1B | |
| Total Current Assets | 105.7M | 81.7M | 124.2M | 132.2M | 60.1M | 72.1M | |
| Common Stock Total Equity | 586K | 613K | 643K | 677K | 778.6K | 432.7K | |
| Common Stock | 643K | 677K | 707K | 784K | 848K | 507.7K | |
| Net Receivables | 50.5M | 49.8M | 91.6M | 83.1M | 89.3M | 47.7M | |
| Short Term Debt | 42.6M | 45M | 188.8M | 16.4M | 514.8M | 268.3M | |
| Current Deferred Revenue | 2.4M | (1.6M) | (113.2M) | 70.0M | 80.5M | 84.5M | |
| Net Tangible Assets | 1.5B | 1.5B | 1.8B | 2.1B | 2.4B | 1.6B | |
| Deferred Long Term Liab | 3.5M | 2.8M | 4.2M | 7.5M | 6.7M | 5.2M | |
| Long Term Investments | 2.6B | 2.7B | 3.6B | 4.1B | 4.3B | 3.0B | |
| Net Invested Capital | 2.7B | 2.7B | 3.6B | 4.1B | 4.3B | 3.5B | |
| Capital Stock | 643K | 677K | 707K | 784K | 848K | 783.2K |
Pair Trading with Main Street
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 Main Street 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 Main Street will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Main Street could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Main Street 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 Main Street - 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 Main Street Capital to buy it.
The correlation of Main Street 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 Main Street moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Main Street Capital 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 Main Street 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.Additional Information and Resources on Investing in Main Stock
When determining whether Main Street Capital offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Main Street's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Main Street Capital Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Main Street Capital Stock:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Main Street Capital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Is Asset Management & Custody Banks 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 Main Street. If investors know Main 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 Main Street 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 (0.1) | Dividend Share 2.835 | Earnings Share 5.36 | Revenue Per Share 6.099 | Quarterly Revenue Growth 0.036 |
The market value of Main Street Capital is measured differently than its book value, which is the value of Main that is recorded on the company's balance sheet. Investors also form their own opinion of Main Street's value that differs from its market value or its book value, called intrinsic value, which is Main Street'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 Main Street's market value can be influenced by many factors that don't directly affect Main Street'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 Main Street's value and its price as these two are different measures arrived at by different means. Investors typically determine if Main Street is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Main Street'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.