Main Street Correlations

MAIN Stock

USD 53.18 0.10 0.19%

The current 90-days correlation between Main Street Capital and Prospect Capital is 0.13 (i.e., Average diversification). 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.

Main Street Correlation With Market

Very weak diversification

The correlation between Main Street Capital and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Main Street Capital and DJI in the same portfolio, assuming nothing else is changed.

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.

Moving together with Main Stock

0.91	AC	Associated Capital	Pair Corr
0.79	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.71	MC	Moelis Potential Growth	Pair Corr
0.91	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.92	SF	Stifel Financial Earnings Call This Week	Pair Corr
0.89	TW	Tradeweb Markets Normal Trading	Pair Corr
0.78	VIRT	Virtu Financial Normal Trading	Pair Corr
0.79	WAVS	Western Acquisition	Pair Corr
0.62	FDUS	Fidus Investment Corp	Pair Corr
0.95	AMP	Ameriprise Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.89	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.87	EVR	Evercore Partners	Pair Corr
0.91	FRHC	Freedom Holding Corp	Pair Corr
0.71	IPXXU	Inflection Point Acq	Pair Corr
0.81	LRFC	Logan Ridge Finance	Pair Corr
0.81	PNNT	PennantPark Investment	Pair Corr
0.78	RMCO	Royalty Management	Pair Corr
0.88	APAM	Artisan Partners Asset Fiscal Year End 4th of February 2025	Pair Corr
0.87	SEIC	SEI Investments	Pair Corr
0.92	STEP	Stepstone Group	Pair Corr
0.62	SVII	Spring Valley Acquisition	Pair Corr
0.79	C	Citigroup Aggressive Push	Pair Corr
0.71	V	Visa Class A	Pair Corr
0.86	AB	AllianceBernstein	Pair Corr
0.95	BK	Bank of New York Fiscal Year End 10th of January 2025	Pair Corr
0.91	BN	Brookfield Corp	Pair Corr
0.91	BX	Blackstone Group Normal Trading	Pair Corr

Moving against Main Stock

0.78	GROW	US Global Investors	Pair Corr
0.72	XP	Xp Inc	Pair Corr
0.64	PT	Pintec Technology	Pair Corr
0.7	RAND	Rand Capital Corp	Pair Corr
0.85	IX	Orix Corp Ads	Pair Corr
0.55	HG	Hamilton Insurance Group,	Pair Corr

Related Correlations Analysis

	GLAD	PFLT	HRZN	PSEC	HTGC	FSK	GAIN	SCM	ARCC	TPVG
GLAD		0.32	-0.84	-0.47	0.61	0.95	0.82	0.74	0.91	0.29	GLAD
PFLT	0.32		0.07	0.44	0.79	0.3	0.56	0.5	0.39	-0.37	PFLT
HRZN	-0.84	0.07		0.53	-0.35	-0.85	-0.62	-0.59	-0.74	-0.28	HRZN
PSEC	-0.47	0.44	0.53		0.21	-0.44	-0.06	-0.07	-0.33	-0.75	PSEC
HTGC	0.61	0.79	-0.35	0.21		0.61	0.8	0.7	0.69	-0.31	HTGC
FSK	0.95	0.3	-0.85	-0.44	0.61		0.74	0.77	0.91	0.3	FSK
GAIN	0.82	0.56	-0.62	-0.06	0.8	0.74		0.83	0.88	-0.2	GAIN
SCM	0.74	0.5	-0.59	-0.07	0.7	0.77	0.83		0.89	-0.2	SCM
ARCC	0.91	0.39	-0.74	-0.33	0.69	0.91	0.88	0.89		0.06	ARCC
TPVG	0.29	-0.37	-0.28	-0.75	-0.31	0.3	-0.2	-0.2	0.06		TPVG
	GLAD	PFLT	HRZN	PSEC	HTGC	FSK	GAIN	SCM	ARCC	TPVG

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FSK	+ 0.95	GLAD
ARCC	+ 0.91	GLAD
ARCC	+ 0.91	FSK
ARCC	+ 0.89	SCM
ARCC	+ 0.88	GAIN
SCM	+ 0.83	GAIN

High negative correlations

FSK	- 0.85	HRZN
HRZN	- 0.84	GLAD
TPVG	- 0.75	PSEC
ARCC	- 0.74	HRZN
GAIN	- 0.62	HRZN
SCM	- 0.59	HRZN

Risk-Adjusted Indicators

There is a big difference between Main Stock performing well and Main Street Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Main Street's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GLAD	0.69	0.18	0.16	0.51	0.54	(0.81)	1.64	(1.47)	4.12
PFLT	0.61	0.02	(0.05)	0.21	1.00	(0.57)	1.09	(1.13)	5.12
HRZN	0.75	(0.24)	0.00	(1.14)	0.00	0.00	0.94	(2.10)	5.65
PSEC	1.26	(0.06)	0.00	(0.46)	0.00	0.00	2.65	(2.01)	19.03
HTGC	0.77	0.01	(0.02)	0.10	0.83	(0.87)	1.56	(1.36)	4.50
FSK	0.61	0.15	0.15	0.37	0.48	(0.71)	1.41	(1.08)	3.48
GAIN	1.01	0.07	0.02	0.25	1.23	(1.07)	1.76	(2.39)	6.95
SCM	0.49	0.03	(0.05)	0.24	0.63	(0.58)	1.22	(1.29)	4.47
ARCC	0.52	0.05	0.02	0.18	0.47	(0.57)	0.94	(0.96)	3.08
TPVG	1.17	0.08	0.04	0.18	1.26	(1.32)	3.33	(2.20)	11.85

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