Mainstreet Other Stockholder Equity vs Total Stockholder Equity Analysis

MEQ Stock  CAD 203.51  2.51  1.25%   
Mainstreet Equity financial indicator trend analysis is infinitely more than just investigating Mainstreet Equity Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mainstreet Equity Corp is a good investment. Please check the relationship between Mainstreet Equity Other Stockholder Equity and its Total Stockholder Equity accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mainstreet Equity Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Other Stockholder Equity vs Total Stockholder Equity

Other Stockholder Equity vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mainstreet Equity Corp Other Stockholder Equity account and Total Stockholder Equity. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Mainstreet Equity's Other Stockholder Equity and Total Stockholder Equity is -0.62. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Mainstreet Equity Corp, assuming nothing else is changed. The correlation between historical values of Mainstreet Equity's Other Stockholder Equity and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Stockholder Equity of Mainstreet Equity Corp are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Other Stockholder Equity i.e., Mainstreet Equity's Other Stockholder Equity and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

-0.62
Relationship DirectionNegative 
Relationship StrengthWeak

Other Stockholder Equity

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Most indicators from Mainstreet Equity's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mainstreet Equity Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mainstreet Equity Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
At this time, Mainstreet Equity's Selling General Administrative is very stable compared to the past year. As of the 25th of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.11, while Discontinued Operations is likely to drop (185.2 K).
 2021 2022 2023 2024 (projected)
Interest Expense36.6M41.0M47.1M49.5M
Depreciation And Amortization86.8M96.9M111.5M117.1M

Mainstreet Equity fundamental ratios Correlations

-0.160.641.0-0.041.01.00.90.861.01.00.860.18-0.061.0-0.651.00.610.8-0.030.981.00.55-0.5-0.51-0.14
-0.160.35-0.16-0.37-0.17-0.17-0.1-0.13-0.18-0.18-0.13-0.070.39-0.210.29-0.16-0.270.270.94-0.15-0.180.230.370.37-0.21
0.640.350.65-0.280.640.640.740.530.640.640.530.270.370.58-0.140.640.230.670.370.70.630.9-0.03-0.03-0.35
1.0-0.160.65-0.050.991.00.90.871.01.00.870.16-0.020.99-0.620.990.620.81-0.020.980.990.54-0.48-0.49-0.17
-0.04-0.37-0.28-0.05-0.04-0.03-0.270.19-0.04-0.040.19-0.34-0.62-0.01-0.16-0.030.690.04-0.22-0.150.0-0.22-0.19-0.2-0.05
1.0-0.170.640.99-0.040.990.90.831.01.00.830.2-0.111.0-0.691.00.590.76-0.040.961.00.55-0.5-0.51-0.09
1.0-0.170.641.0-0.030.990.890.881.01.00.880.16-0.030.99-0.630.990.630.81-0.020.980.990.54-0.49-0.5-0.17
0.9-0.10.740.9-0.270.90.890.740.90.90.740.360.140.88-0.470.90.360.69-0.040.910.890.66-0.34-0.34-0.18
0.86-0.130.530.870.190.830.880.740.860.851.00.040.010.86-0.350.860.710.91-0.010.860.860.38-0.56-0.57-0.5
1.0-0.180.641.0-0.041.01.00.90.861.00.860.18-0.071.0-0.661.00.610.78-0.040.981.00.54-0.5-0.51-0.12
1.0-0.180.641.0-0.041.01.00.90.851.00.850.18-0.071.0-0.661.00.610.78-0.040.981.00.54-0.5-0.51-0.12
0.86-0.130.530.870.190.830.880.741.00.860.850.040.010.86-0.350.860.710.91-0.010.860.860.38-0.56-0.57-0.5
0.18-0.070.270.16-0.340.20.160.360.040.180.180.040.080.17-0.250.19-0.150.02-0.120.230.180.31-0.25-0.25-0.05
-0.060.390.37-0.02-0.62-0.11-0.030.140.01-0.07-0.070.010.08-0.140.63-0.09-0.40.160.310.1-0.120.180.160.16-0.46
1.0-0.210.580.99-0.011.00.990.880.861.01.00.860.17-0.14-0.691.00.620.77-0.070.961.00.49-0.54-0.55-0.1
-0.650.29-0.14-0.62-0.16-0.69-0.63-0.47-0.35-0.66-0.66-0.35-0.250.63-0.69-0.66-0.52-0.270.15-0.52-0.67-0.20.420.42-0.46
1.0-0.160.640.99-0.031.00.990.90.861.01.00.860.19-0.091.0-0.660.610.79-0.030.971.00.55-0.51-0.52-0.13
0.61-0.270.230.620.690.590.630.360.710.610.610.71-0.15-0.40.62-0.520.610.63-0.010.520.630.2-0.36-0.37-0.2
0.80.270.670.810.040.760.810.690.910.780.780.910.020.160.77-0.270.790.630.40.790.790.47-0.39-0.4-0.54
-0.030.940.37-0.02-0.22-0.04-0.02-0.04-0.01-0.04-0.04-0.01-0.120.31-0.070.15-0.03-0.010.4-0.05-0.050.250.350.34-0.2
0.98-0.150.70.98-0.150.960.980.910.860.980.980.860.230.10.96-0.520.970.520.79-0.050.960.59-0.49-0.5-0.26
1.0-0.180.630.990.01.00.990.890.861.01.00.860.18-0.121.0-0.671.00.630.79-0.050.960.53-0.52-0.53-0.13
0.550.230.90.54-0.220.550.540.660.380.540.540.380.310.180.49-0.20.550.20.470.250.590.530.190.18-0.17
-0.50.37-0.03-0.48-0.19-0.5-0.49-0.34-0.56-0.5-0.5-0.56-0.250.16-0.540.42-0.51-0.36-0.390.35-0.49-0.520.191.00.26
-0.510.37-0.03-0.49-0.2-0.51-0.5-0.34-0.57-0.51-0.51-0.57-0.250.16-0.550.42-0.52-0.37-0.40.34-0.5-0.530.181.00.26
-0.14-0.21-0.35-0.17-0.05-0.09-0.17-0.18-0.5-0.12-0.12-0.5-0.05-0.46-0.1-0.46-0.13-0.2-0.54-0.2-0.26-0.13-0.170.260.26
Click cells to compare fundamentals

Mainstreet Equity Account Relationship Matchups

Mainstreet Equity fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.2B2.7B2.9B3.2B3.6B3.8B
Other Current Liab5.7M6.7M7.4M7.0M8.1M5.7M
Total Current Liabilities111.3M96.6M128.1M164.9M189.7M199.2M
Total Stockholder Equity867.1M1.1B1.2B1.3B1.5B1.6B
Property Plant And Equipment Net6.6M6.8M7.3M7.0M6.3M6.0M
Net Debt1.1B1.3B1.4B1.5B1.7B1.8B
Retained Earnings840.6M1.1B1.2B1.3B1.5B1.6B
Accounts Payable8.4M7.5M8.3M9.4M10.8M11.3M
Cash38.5M19.2M44.6M81.8M94.0M98.7M
Non Current Assets Total2.2B2.6B2.8B3.1B3.5B3.7B
Non Currrent Assets Other2.2B2.6B2.8B3.1B3.5B3.7B
Cash And Short Term Investments38.5M19.2M44.6M81.8M94.0M98.7M
Net Receivables1.4M1.2M1.5M1.6M1.9M1.6M
Common Stock Shares Outstanding9.4M9.3M9.3M9.3M10.7M11.1M
Liabilities And Stockholders Equity2.2B2.7B2.9B3.2B3.6B3.8B
Non Current Liabilities Total1.3B1.5B1.6B1.7B1.9B2.0B
Other Stockholder Equity(840.6M)(2.2B)(2.4B)(1.3B)(1.2B)(1.1B)
Total Liab1.4B1.6B1.7B1.8B2.1B2.2B
Property Plant And Equipment Gross6.6M11.5M12.6M12.8M11.5M10.9M
Total Current Assets46.1M50.5M67.2M105.4M121.2M127.2M
Inventory994K24.2M14.4M13.8M12.4M9.1M
Other Current Assets5.2M5.8M6.7M8.1M9.4M9.8M
Short Long Term Debt Total1.2B1.4B1.4B1.6B1.8B1.9B
Short Term Debt97.1M82.4M112.4M147.0M169.1M91.4M
Common Stock26.5M26.5M26.4M26.4M23.8M21.2M
Current Deferred Revenue5.7M6.7M7.4M1.5M1.7M1.6M
Other Liab165.9M177.6M210.9M233.6M268.6M174.2M
Net Tangible Assets799.2M865.7M1.1B1.2B1.4B875.4M
Long Term Debt1.1B1.3B1.3B1.4B1.6B1.0B
Short Long Term Debt97.1M82.4M112.4M147.0M169.1M96.8M
Property Plant Equipment2.0B2.2B2.6B2.8B3.2B1.9B
Intangible Assets1.4M1.2M1.0M949K1.1M870.1K
Long Term Debt Total898.6M1.1B1.3B1.3B1.5B1.1B
Net Invested Capital2.0B2.4B2.6B2.9B3.3B2.4B
Net Working Capital(65.1M)(46.1M)(60.9M)(59.6M)(53.6M)(56.3M)
Capital Stock26.5M26.5M26.4M26.4M30.4M28.7M

Pair Trading with Mainstreet Equity

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 Mainstreet Equity 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 Mainstreet Equity will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Mainstreet Equity could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mainstreet Equity 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 Mainstreet Equity - 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 Mainstreet Equity Corp to buy it.
The correlation of Mainstreet Equity 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 Mainstreet Equity moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mainstreet Equity Corp 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 Mainstreet Equity 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

Other Information on Investing in Mainstreet Stock

Balance Sheet is a snapshot of the financial position of Mainstreet Equity Corp at a specified time, usually calculated after every quarter, six months, or one year. Mainstreet Equity Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Mainstreet Equity and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Mainstreet currently owns. An asset can also be divided into two categories, current and non-current.