Main Street Stock Forecast - Daily Balance Of Power

MAIN Stock  USD 55.29  0.06  0.11%   
Main Stock Forecast is based on your current time horizon. Although Main Street's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Main Street's systematic risk associated with finding meaningful patterns of Main Street fundamentals over time.
  
At this time, Main Street's Payables Turnover is very stable compared to the past year. As of the 9th of December 2024, Receivables Turnover is likely to grow to 5.89, while Fixed Asset Turnover is likely to drop 20.18. . As of the 9th of December 2024, Net Income Applicable To Common Shares is likely to grow to about 291.7 M, while Common Stock Shares Outstanding is likely to drop about 44.3 M.
On July 31, 2024 Main Street Capital had Daily Balance Of Power of (0.73). Balance of Power indicator (or BOP) measures the strength of Main Street Capital market sensitivity to bulls and bears. It estimates the ability of Main Street buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Main Street Balance of Power indicator one can determine a trend of the price direction.
Check Main Street VolatilityBacktest Main StreetTrend Details  

Main Street Trading Date Momentum

On August 01 2024 Main Street Capital was traded for  49.63  at the closing time. The top price for the day was 49.93  and the lowest listed price was  49.37 . The trading volume for the day was 279.7 K. The trading history from August 1, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 0.04% . The trading delta at closing time against the current closing price is 10.19% .
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
Compare Main Street to competition

Other Forecasting Options for Main Street

For every potential investor in Main, whether a beginner or expert, Main Street's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Main Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Main. Basic forecasting techniques help filter out the noise by identifying Main Street's price trends.

Main Street Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Main Street stock to make a market-neutral strategy. Peer analysis of Main Street could also be used in its relative valuation, which is a method of valuing Main Street by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Main Street Capital Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Main Street's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Main Street's current price.

Main Street Market Strength Events

Market strength indicators help investors to evaluate how Main Street stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Main Street shares will generate the highest return on investment. By undertsting and applying Main Street stock market strength indicators, traders can identify Main Street Capital entry and exit signals to maximize returns.

Main Street Risk Indicators

The analysis of Main Street's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Main Street's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting main stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

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

  0.88MS Morgan Stanley Sell-off TrendPairCorr
  0.79GCMGW GCM GrosvenorPairCorr

Moving against Main Stock

  0.66GROW US Global InvestorsPairCorr
  0.62KREF KKR Real EstatePairCorr
  0.46EFC Ellington FinancialPairCorr
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 Historical Fundamental Analysis of Main Street to cross-verify your projections.
You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
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.