Main Street Capital Stock Market Value
| MAIN Stock | USD 50.70 0.75 1.50% |
| Symbol | Main |
Main Street Capital Price To Book Ratio
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 5.28 | 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.
Main Street '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 Main Street'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 Main Street.
| 10/06/2024 |
| 11/05/2024 |
If you would invest 0.00 in Main Street on October 6, 2024 and sell it all today you would earn a total of 0.00 from holding Main Street Capital or generate 0.0% return on investment in Main Street over 30 days. Main Street is related to or competes with Gladstone Capital, PennantPark Floating, Horizon Technology, Prospect Capital, Hercules Capital, FS KKR, and Gladstone Investment. Main Street Capital Corporation is a business development company specializes in equity capital to lower middle market c... More
Main Street 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 Main Street'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 Main Street Capital upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.06 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 5.54 | |||
| Value At Risk | (1.31) | |||
| Potential Upside | 1.13 |
Main Street Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Main Street's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Main Street's standard deviation. In reality, there are many statistical measures that can use Main Street historical prices to predict the future Main Street's volatility.| Risk Adjusted Performance | 0.0435 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.059 |
Main Street Capital Backtested Returns
As of now, Main Stock is very steady. Main Street Capital has Sharpe Ratio of 0.14, which conveys that the firm had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Main Street, which you can use to evaluate the volatility of the firm. Please verify Main Street's Risk Adjusted Performance of 0.0435, downside deviation of 1.06, and Mean Deviation of 0.614 to check out if the risk estimate we provide is consistent with the expected return of 0.0914%. Main Street has a performance score of 10 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.77, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Main Street's returns are expected to increase less than the market. However, during the bear market, the loss of holding Main Street is expected to be smaller as well. Main Street Capital right now secures a risk of 0.67%. Please verify Main Street Capital downside variance, and the relationship between the sortino ratio and accumulation distribution , to decide if Main Street Capital will be following its current price movements.
Auto-correlation | -0.85 |
Excellent reverse predictability
Main Street Capital has excellent reverse predictability. Overlapping area represents the amount of predictability between Main Street time series from 6th of October 2024 to 21st of October 2024 and 21st of October 2024 to 5th 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 Main Street Capital price movement. The serial correlation of -0.85 indicates that around 85.0% of current Main Street price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.85 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.46 |
Main Street Capital lagged returns against current returns
Autocorrelation, which is Main Street 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 Main Street's stock expected returns. We can calculate the autocorrelation of Main Street returns to help us make a trade decision. For example, suppose you find that Main Street 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 |
Main Street 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 Main Street stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Main Street stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Main Street stock over time.
Current vs Lagged Prices |
| Timeline |
Main Street Lagged Returns
When evaluating Main Street's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Main Street stock have on its future price. Main Street 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, Main Street autocorrelation shows the relationship between Main Street stock current value and its past values and can show if there is a momentum factor associated with investing in Main Street Capital.
Regressed Prices |
| Timeline |
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.Moving together with Main Stock
| 0.9 | BX | Blackstone Group Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.94 | AMG | Affiliated Managers | PairCorr |
| 0.96 | AMP | Ameriprise Financial Fiscal Year End 22nd of January 2025 | PairCorr |
Moving against Main Stock
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.Check out Main Street Correlation, Main Street Volatility and Main Street Alpha and Beta module to complement your research on Main Street. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Main Street 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.