Granite Capital Surpluse from 2010 to 2024
| GPMT Stock | USD 3.15 0.09 2.94% |
Capital Surpluse | First Reported 2017-06-30 | Previous Quarter 1.2 B | Current Value 1.2 B | Quarterly Volatility 140 M |
Check Granite Point financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Granite main balance sheet or income statement drivers, such as Tax Provision of 116.2 K, Interest Expense of 98.9 M or Selling General Administrative of 20.6 M, as well as many exotic indicators such as Price To Sales Ratio of 1.09, Dividend Yield of 0.2 or PTB Ratio of 0.34. Granite financial statements analysis is a perfect complement when working with Granite Point Valuation or Volatility modules.
Granite | Capital Surpluse |
Latest Granite Point's Capital Surpluse Growth Pattern
Below is the plot of the Capital Surpluse of Granite Point Mortgage over the last few years. It is Granite Point's Capital Surpluse historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Granite Point's overall financial position and show how it may be relating to other accounts over time.
| Capital Surpluse | 10 Years Trend |
|
Capital Surpluse |
| Timeline |
Granite Capital Surpluse Regression Statistics
| Arithmetic Mean | 960,620,939 | |
| Geometric Mean | 946,162,476 | |
| Coefficient Of Variation | 18.84 | |
| Mean Deviation | 156,222,460 | |
| Median | 829,704,000 | |
| Standard Deviation | 180,942,039 | |
| Sample Variance | 32740T | |
| Range | 553M | |
| R-Value | 0.84 | |
| Mean Square Error | 10392.9T | |
| R-Squared | 0.71 | |
| Significance | 0.00009 | |
| Slope | 33,977,526 | |
| Total Sum of Squares | 458360.3T |
Granite Capital Surpluse History
About Granite Point Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Granite Point income statement, its balance sheet, and the statement of cash flows. Granite Point investors use historical funamental indicators, such as Granite Point's Capital Surpluse, to determine how well the company is positioned to perform in the future. Although Granite Point investors may use each financial statement separately, they are all related. The changes in Granite Point's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Granite Point's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Granite Point Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Granite Point. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Capital Surpluse | 1.4 B | 1.1 B |
Pair Trading with Granite Point
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 Granite Point 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 Granite Point will appreciate offsetting losses from the drop in the long position's value.Moving against Granite Stock
| 0.86 | GS | Goldman Sachs Group Financial Report 17th of July 2024 | PairCorr |
| 0.81 | MS | Morgan Stanley Financial Report 16th of July 2024 | PairCorr |
| 0.75 | BK | Bank of New York Financial Report 16th of July 2024 | PairCorr |
| 0.75 | TW | Tradeweb Markets | PairCorr |
| 0.73 | RM | Regional Management Corp | PairCorr |
The ability to find closely correlated positions to Granite Point could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Granite Point 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 Granite Point - 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 Granite Point Mortgage to buy it.
The correlation of Granite Point 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 Granite Point moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Granite Point Mortgage 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 Granite Point 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.Check out the analysis of Granite Point Correlation against competitors. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Complementary 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.
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Is Granite Point's industry 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 0.75 | Earnings Share (2.31) | Revenue Per Share (1.21) | 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.