Granite Point Mortgage Stock Market Value
| GPMT Stock | USD 3.52 0.05 1.44% |
| Symbol | Granite |
Granite Point Mortgage Price To Book Ratio
Is Mortgage Real Estate Investment Trusts (REITs) space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Granite Point. If investors know Granite will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Granite Point listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.96) | Dividend Share 0.45 | Earnings Share (3.86) | Revenue Per Share (2.76) | Quarterly Revenue Growth 0.827 |
The market value of Granite Point Mortgage is measured differently than its book value, which is the value of Granite that is recorded on the company's balance sheet. Investors also form their own opinion of Granite Point's value that differs from its market value or its book value, called intrinsic value, which is Granite Point's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Granite Point's market value can be influenced by many factors that don't directly affect Granite Point's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Granite Point's value and its price as these two are different measures arrived at by different means. Investors typically determine if Granite Point is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Granite Point's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Granite Point 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Granite Point's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Granite Point.
| 02/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in Granite Point on February 4, 2023 and sell it all today you would earn a total of 0.00 from holding Granite Point Mortgage or generate 0.0% return on investment in Granite Point over 660 days. Granite Point is related to or competes with MFA Financial, Angel Oak, Two Harbors, PennyMac Mortgage, Chimera Investment, ARMOUR Residential, and Orchid Island. Granite Point Mortgage Trust Inc., a real estate investment trust, originates, invests in, and manages senior floating-r... More
Granite Point Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Granite Point's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Granite Point Mortgage upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.57 | |||
| Information Ratio | 0.143 | |||
| Maximum Drawdown | 15.56 | |||
| Value At Risk | (3.73) | |||
| Potential Upside | 6.55 |
Granite Point Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Granite Point's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Granite Point's standard deviation. In reality, there are many statistical measures that can use Granite Point historical prices to predict the future Granite Point's volatility.| Risk Adjusted Performance | 0.1503 | |||
| Jensen Alpha | 0.4307 | |||
| Total Risk Alpha | 0.0769 | |||
| Sortino Ratio | 0.1686 | |||
| Treynor Ratio | 0.5423 |
Granite Point Mortgage Backtested Returns
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. On a scale of 0 to 100, Granite Point holds a performance score of 14. The company retains a Market Volatility (i.e., Beta) of 1.02, which attests to a somewhat significant risk relative to the market. Granite Point returns are very sensitive to returns on the market. As the market goes up or down, Granite Point is expected to follow. Please check Granite Point's value at risk, and the relationship between the standard deviation and kurtosis , to make a quick decision on whether Granite Point's current trending patterns will revert.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Granite Point Mortgage has insignificant reverse predictability. Overlapping area represents the amount of predictability between Granite Point time series from 4th of February 2023 to 31st of December 2023 and 31st of December 2023 to 25th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Granite Point Mortgage price movement. The serial correlation of -0.2 indicates that over 20.0% of current Granite Point price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.84 |
Granite Point Mortgage lagged returns against current returns
Autocorrelation, which is Granite Point stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Granite Point's stock expected returns. We can calculate the autocorrelation of Granite Point returns to help us make a trade decision. For example, suppose you find that Granite Point has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Granite Point regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Granite Point stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Granite Point stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Granite Point stock over time.
Current vs Lagged Prices |
| Timeline |
Granite Point Lagged Returns
When evaluating Granite Point's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Granite Point stock have on its future price. Granite Point autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Granite Point autocorrelation shows the relationship between Granite Point stock current value and its past values and can show if there is a momentum factor associated with investing in Granite Point Mortgage.
Regressed Prices |
| Timeline |
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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.