Granite Point Mortgage Stock Price on September 30, 2023
| GPMT Stock | USD 3.52 0.05 1.44% |
Below is the normalized historical share price chart for Granite Point Mortgage extending back to June 23, 2017. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Granite Point stands at 3.52, as last reported on the 25th of November, with the highest price reaching 3.59 and the lowest price hitting 3.51 during the day.
If you're considering investing in Granite Stock, it is important to understand the factors that can impact its price. Granite Point appears to be moderately volatile, given 3 months investment horizon. Granite Point Mortgage holds Efficiency (Sharpe) Ratio of 0.18, which attests that the entity had a 0.18% return per unit of standard deviation over the last 3 months. By evaluating Granite Point's technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please utilize Granite Point's market risk adjusted performance of 0.5523, and Risk Adjusted Performance of 0.1503 to validate if our risk estimates are consistent with your expectations.
At this time, Granite Point's Total Stockholder Equity is comparatively stable compared to the past year. Common Stock Shares Outstanding is likely to gain to about 54.9 M in 2024, whereas Other Stockholder Equity is likely to drop slightly above 1 B in 2024. . Price To Sales Ratio is likely to drop to 1.09 in 2024. Price Earnings Ratio is likely to gain to -4.61 in 2024. Granite Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 23rd of June 2017 | 200 Day MA 3.492 | 50 Day MA 3.0918 | Beta 1.816 |
Granite |
Sharpe Ratio = 0.1844
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | GPMT | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 3.05 actual daily | 27 73% of assets are more volatile |
Expected Return
| 0.56 actual daily | 11 89% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 14 86% of assets perform better |
Based on monthly moving average Granite Point is performing at about 14% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Granite Point by adding it to a well-diversified portfolio.
Price Book 0.2634 | Enterprise Value Ebitda 13.4734 | Price Sales 8.7568 | Shares Float 48.7 M | Dividend Share 0.45 |
Granite Point Valuation on September 30, 2023
It is possible to determine the worth of Granite Point on a given historical date. On September 30, 2023 Granite was worth 4.41 at the beginning of the trading date compared to the closed value of 4.43. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Granite Point stock. Still, in general, we apply an absolute valuation method to find Granite Point's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Granite Point where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Granite Point's related companies.
| Open | High | Low | Close | Volume | |
| 4.27 | 4.42 | 4.23 | 4.36 | 1,065,548 | |
09/29/2023 | 4.41 | 4.46 | 4.37 | 4.43 | 490,103 |
| 4.43 | 4.44 | 4.19 | 4.21 | 671,466 |
| Backtest Granite Point | | | Granite Point History | | | Granite Point Valuation | Previous | Next |
Granite Point Trading Date Momentum on September 30, 2023
| On October 02 2023 Granite Point Mortgage was traded for 4.21 at the closing time. The top price for the day was 4.44 and the lowest listed price was 4.19 . The trading volume for the day was 671.5 K. The trading history from October 2, 2023 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 4.97% . The overall trading delta against the current closing price is 6.55% . |
Granite Point Mortgage Fundamentals Correlations and Trends
By evaluating Granite Point's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Granite Point's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Granite financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Granite Point Stock history
Granite Point investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Granite is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Granite Point Mortgage will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Granite Point stock prices may prove useful in developing a viable investing in Granite Point
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 51.6 M | 54.9 M | |
| Net Loss | -49.8 M | -47.3 M |
Granite Point Stock Technical Analysis
Granite Point technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Granite Point Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
Granite Point Mortgage cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Granite Point November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Granite Point stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Granite Point shares will generate the highest return on investment. By undertsting and applying Granite Point stock market strength indicators, traders can identify Granite Point Mortgage entry and exit signals to maximize returns
Granite Point Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Granite Point's price direction in advance. Along with the technical and fundamental analysis of Granite Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Granite to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1503 | |||
| Jensen Alpha | 0.4307 | |||
| Total Risk Alpha | 0.0769 | |||
| Sortino Ratio | 0.1686 | |||
| Treynor Ratio | 0.5423 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
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.