Main Street Capital Stock Market Value
| MAIN Stock | USD 48.80 0.11 0.23% |
| Symbol | Main |
Main Street Capital Price To Book Ratio
Is Main Street'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 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 0.205 | Dividend Share 2.745 | Earnings Share 5.23 | Revenue Per Share 6.108 | Quarterly Revenue Growth 0.136 |
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.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Main Street on March 25, 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 | 0.8353 | |||
| Information Ratio | 0.1156 | |||
| Maximum Drawdown | 4.07 | |||
| Value At Risk | (1.02) | |||
| Potential Upside | 1.28 |
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 | 0.1506 | |||
| Jensen Alpha | 0.1201 | |||
| Total Risk Alpha | 0.0689 | |||
| Sortino Ratio | 0.1075 | |||
| Treynor Ratio | 0.2718 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Main Street'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.
Main Street Capital Backtested Returns
We consider Main Street very steady. Main Street Capital has Sharpe Ratio of 0.2, which conveys that the firm had a 0.2% 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 Downside Deviation of 0.8353, risk adjusted performance of 0.1506, and Mean Deviation of 0.5797 to check out if the risk estimate we provide is consistent with the expected return of 0.15%. Main Street has a performance score of 15 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.64, 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 0.75%. 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 | 0.38 |
Below average predictability
Main Street Capital has below average predictability. Overlapping area represents the amount of predictability between Main Street time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 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 0.38 indicates that just about 38.0% of current Main Street price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.35 |
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 |
Main Street Investors Sentiment
The influence of Main Street'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 Main. 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 Main Street's public news can be used to forecast risks associated with an investment in Main. The trend in average sentiment can be used to explain how an investor holding Main can time the market purely based on public headlines and social activities around Main Street Capital. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Main Street'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 Main Street'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 Main Street's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Main Street.
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 Main Street 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, Main Street's short interest history, or implied volatility extrapolated from Main Street options trading.
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Try AI Portfolio ArchitectCheck 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 Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Complementary Tools for Main Stock analysis
When running Main Street's price analysis, check to measure Main Street'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 Main Street is operating at the current time. Most of Main Street's value examination focuses on studying past and present price action to predict the probability of Main Street's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Main Street's price. Additionally, you may evaluate how the addition of Main Street to your portfolios can decrease your overall portfolio volatility.
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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.