I've been trying to find out about this too.
What i've found out is from phase scope's, where the correlation of similarity between the left and right channels is drawn on the horizontal axis -1 to +1, and the correlation of similar amplitudes between left and right channels is drawn on the Vertical axis +-R +-L. When the two channels are more similar/mono compatible/in phase the readout on the axis will draw towards the + positive side of the meter (100% positive on horizontal axis would essentially be mono) . In general most proffesional recording's lie in the 0 to +1 range, and the pattern displayed in the phase scope should be tall and veritcal standing with a little bit of body spread to the left and right. And it's also normal to get some breif readings into the negative side (0 to -1), but it's not usually a problem, as long as it dosen't spend too much time there.
I think if you had %100 +R and 100% -L your phase scope would look like / and you'd have verything coming out of the right speaker...
Anyway all that bodge is mostly only useful if you plan on releasing your music to be compatible with mono am radio it seems.