Main Effective Tax Rate from 2010 to 2025

MAIN Stock  USD 60.80  1.86  3.16%   
Main Street Effective Tax Rate yearly trend continues to be very stable with very little volatility. Effective Tax Rate is likely to grow to 0.05 this year. During the period from 2010 to 2025, Main Street Effective Tax Rate quarterly data regression pattern had range of 1.412 and standard deviation of  0.39. View All Fundamentals
 
Effective Tax Rate  
First Reported
2010-12-31
Previous Quarter
0.0452
Current Value
0.0474
Quarterly Volatility
0.39260225
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Main Street financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Main Street's main balance sheet or income statement drivers, such as Interest Expense of 123.9 M, Selling General Administrative of 70.2 M or Total Revenue of 568.1 M, as well as many indicators such as Price To Sales Ratio of 9.55, Dividend Yield of 5.0E-4 or PTB Ratio of 1.18. Main financial statements analysis is a perfect complement when working with Main Street Valuation or Volatility modules.
  
Check out the analysis of Main Street Correlation against competitors.

Latest Main Street's Effective Tax Rate Growth Pattern

Below is the plot of the Effective Tax Rate of Main Street Capital over the last few years. Effective Tax Rate is the average rate at which Main Street Capital pre-tax profits are taxed by the government. The effective tax rate is computed by dividing Main Street total tax expenses by Main Street earnings before taxes. It is Main Street's Effective Tax Rate historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Main Street's overall financial position and show how it may be relating to other accounts over time.
Effective Tax Rate10 Years Trend
Slightly volatile
   Effective Tax Rate   
       Timeline  

Main Effective Tax Rate Regression Statistics

Arithmetic Mean(0.09)
Coefficient Of Variation(416.57)
Mean Deviation0.24
Median0.05
Standard Deviation0.39
Sample Variance0.15
Range1.412
R-Value0.29
Mean Square Error0.15
R-Squared0.08
Significance0.28
Slope0.02
Total Sum of Squares2.31

Main Effective Tax Rate History

2025 0.0474
2024 0.0452
2023 0.0502
2022 0.088
2021 0.0904
2020 -0.85
2019 0.009495

About Main Street Financial Statements

Main Street investors utilize fundamental indicators, such as Effective Tax Rate, to predict how Main Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Last ReportedProjected for Next Year
Effective Tax Rate 0.05  0.05 

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

  0.78V Visa Class APairCorr
  0.66MA MastercardPairCorr
  0.91FDUS Fidus Investment CorpPairCorr

Moving against Main Stock

  0.85FHI Federated InvestorsPairCorr
  0.83DHIL Diamond Hill InvestmentPairCorr
  0.76AMTD AMTD IDEA GroupPairCorr
  0.56APAM Artisan Partners AssetPairCorr
  0.55BEN Franklin ResourcesPairCorr
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.
Pair CorrelationCorrelation Matching
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 the analysis of Main Street Correlation against competitors.
You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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
0.139
Dividend Share
2.88
Earnings Share
5.53
Revenue Per Share
6.175
Quarterly Revenue Growth
0.11
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.