Granite Point Mortgage Stock Probability of Future Stock Price Finishing Under 3.03
| GPMT Stock | USD 3.52 0.05 1.44% |
Granite |
Granite Point Target Price Odds to finish below 3.03
The tendency of Granite Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 3.03 or more in 90 days |
| 3.52 | 90 days | 3.03 | about 58.64 |
Based on a normal probability distribution, the odds of Granite Point to drop to $ 3.03 or more in 90 days from now is about 58.64 (This Granite Point Mortgage probability density function shows the probability of Granite Stock to fall within a particular range of prices over 90 days) . Probability of Granite Point Mortgage price to stay between $ 3.03 and its current price of $3.52 at the end of the 90-day period is about 39.12 .
Given the investment horizon of 90 days Granite Point has a beta of 0.0689. This usually indicates as returns on the market go up, Granite Point average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Granite Point Mortgage will be expected to be much smaller as well. Additionally Granite Point Mortgage has an alpha of 0.5768, implying that it can generate a 0.58 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Granite Point Price Density |
| Price |
Predictive Modules for Granite Point
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Granite Point Mortgage. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Granite Point Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Granite Point is not an exception. The market had few large corrections towards the Granite Point's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Granite Point Mortgage, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Granite Point within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.58 | |
β | Beta against Dow Jones | 0.07 | |
σ | Overall volatility | 0.27 | |
Ir | Information ratio | 0.16 |
Granite Point Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Granite Point for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Granite Point Mortgage can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Granite Point appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 266.49 M. Net Loss for the year was (63.2 M) with profit before overhead, payroll, taxes, and interest of 10.7 M. | |
| On 15th of October 2024 Granite Point paid $ 0.05 per share dividend to its current shareholders |
Granite Point Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Granite Stock often depends not only on the future outlook of the current and potential Granite Point's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Granite Point's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 51.6 M | |
| Cash And Short Term Investments | 188.4 M |
Granite Point Technical Analysis
Granite Point's future price can be derived by breaking down and analyzing its technical indicators over time. Granite Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Granite Point Mortgage. In general, you should focus on analyzing Granite Stock price patterns and their correlations with different microeconomic environments and drivers.
Granite Point Predictive Forecast Models
Granite Point's time-series forecasting models is one of many Granite Point's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Granite Point's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Granite Point Mortgage
Checking the ongoing alerts about Granite Point for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Granite Point Mortgage help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Granite Point appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 266.49 M. Net Loss for the year was (63.2 M) with profit before overhead, payroll, taxes, and interest of 10.7 M. | |
| On 15th of October 2024 Granite Point paid $ 0.05 per share dividend to its current shareholders |
Additional Tools for Granite Stock Analysis
When running Granite Point's price analysis, check to measure Granite Point's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Granite Point is operating at the current time. Most of Granite Point's value examination focuses on studying past and present price action to predict the probability of Granite Point's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Granite Point's price. Additionally, you may evaluate how the addition of Granite Point to your portfolios can decrease your overall portfolio volatility.