Granite Retained Earnings from 2010 to 2024

GPMT Stock

USD 3.02 0.10 3.21%

Granite Point Retained Earnings yearly trend continues to be comparatively stable with very little volatility. Retained Earnings are likely to outpace its year average in 2024. Retained Earnings is the cumulative amount of net income that Granite Point Mortgage retains for reinvestment in its operations, rather than distributing it to shareholders as dividends. View All Fundamentals

Retained Earnings

First Reported

2015-12-31

Previous Quarter

-339.7 M

Current Value

-425.5 M

Quarterly Volatility

120.5 M

Yuan Drop

Covid

Check Granite Point financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Granite Point's 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 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.

Check out the analysis of Granite Point Correlation against competitors.

Latest Granite Point's Retained Earnings Growth Pattern

Below is the plot of the Retained Earnings of Granite Point Mortgage over the last few years. It is the cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends. Granite Point's Retained Earnings 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.

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Last Reported (339.74 M)

10 Years Trend

Slightly volatile

Compare to Others All Fundamentals

Retained Earnings

Timeline

Granite Retained Earnings Regression Statistics

	Arithmetic Mean	(74,917,207)
	Geometric Mean	5,035,427
	Coefficient Of Variation	(165.07)
	Mean Deviation	99,340,009
	Median	(1,515,000)
	Standard Deviation	123,666,792
	Sample Variance	15293.5T
	Range	375.2M
	R-Value	(0.82)
	Mean Square Error	5466.4T
	R-Squared	0.67
	Significance	0.0002
	Slope	(22,602,592)
	Total Sum of Squares	214108.7T

Granite Retained Earnings History

	2024	-322.8 M
	2023	-339.7 M
	2022	-219.4 M
	2021	-112.8 M
	2020	-125 M
	2019	-29.9 M
	2018	-9 M

Other Fundumenentals of Granite Point Mortgage

Retained Earnings Total Equity

Granite Point Retained Earnings component correlations

	Total Assets	Total Stockholder Equity	Net Tangible Assets	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Long Term Debt	Net Receivables	Short Term Investments	Total Liab	Deferred Long Term Liab	Short Long Term Debt	Total Current Assets	Short Term Debt	Common Stock	Long Term Debt Total	Long Term Investments	Capital Surpluse	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.96	0.91	-0.23	0.85	-0.52	0.82	0.9	0.86	0.48	0.93	0.82	-0.68	0.28	0.5	-0.95	0.91	0.74	0.67	0.9	0.91	0.77
Total Stockholder Equity	0.96		0.96	-0.28	0.83	-0.61	0.8	0.85	0.78	0.59	0.91	0.88	-0.8	0.38	0.43	-0.96	0.91	0.8	0.74	0.9	0.9	0.82
Net Tangible Assets	0.91	0.96		-0.36	0.87	-0.72	0.83	0.81	0.8	0.66	0.88	0.89	-0.77	0.33	0.46	-0.95	0.86	0.79	0.85	0.85	0.9	0.85
Current Deferred Revenue	-0.23	-0.28	-0.36		-0.33	0.78	-0.27	-0.2	-0.33	-0.66	-0.25	-0.24	0.17	0.07	-0.21	0.34	-0.26	-0.33	-0.52	-0.3	-0.4	-0.54
Net Debt	0.85	0.83	0.87	-0.33		-0.69	0.83	0.95	0.84	0.73	0.79	0.65	-0.57	0.28	0.65	-0.79	0.74	0.47	0.87	0.94	0.92	0.88
Retained Earnings	-0.52	-0.61	-0.72	0.78	-0.69		-0.7	-0.55	-0.63	-0.89	-0.48	-0.55	0.47	-0.38	-0.45	0.62	-0.41	-0.46	-0.91	-0.62	-0.71	-0.87
Accounts Payable	0.82	0.8	0.83	-0.27	0.83	-0.7		0.81	0.78	0.56	0.61	0.7	-0.66	0.35	0.77	-0.78	0.57	0.53	0.8	0.82	0.84	0.82
Long Term Debt	0.9	0.85	0.81	-0.2	0.95	-0.55	0.81		0.82	0.63	0.8	0.61	-0.58	0.31	0.64	-0.78	0.77	0.45	0.73	0.98	0.9	0.84
Net Receivables	0.86	0.78	0.8	-0.33	0.84	-0.63	0.78	0.82		0.58	0.84	0.72	-0.32	0.42	0.51	-0.84	0.67	0.59	0.74	0.77	0.84	0.78
Short Term Investments	0.48	0.59	0.66	-0.66	0.73	-0.89	0.56	0.63	0.58		0.48	0.5	-0.39	0.42	0.43	-0.56	0.4	0.4	0.85	0.68	0.65	0.85
Total Liab	0.93	0.91	0.88	-0.25	0.79	-0.48	0.61	0.8	0.84	0.48		0.78	-0.56	0.33	0.21	-0.92	0.93	0.75	0.63	0.8	0.86	0.7
Deferred Long Term Liab	0.82	0.88	0.89	-0.24	0.65	-0.55	0.7	0.61	0.72	0.5	0.78		-0.62	0.28	0.4	-0.92	0.78	0.91	0.66	0.64	0.66	0.66
Short Long Term Debt	-0.68	-0.8	-0.77	0.17	-0.57	0.47	-0.66	-0.58	-0.32	-0.39	-0.56	-0.62		-0.18	-0.33	0.69	-0.69	-0.61	-0.54	-0.7	-0.71	-0.59
Total Current Assets	0.28	0.38	0.33	0.07	0.28	-0.38	0.35	0.31	0.42	0.42	0.33	0.28	-0.18		-0.11	-0.31	0.09	0.16	0.42	0.32	0.35	0.47
Short Term Debt	0.5	0.43	0.46	-0.21	0.65	-0.45	0.77	0.64	0.51	0.43	0.21	0.4	-0.33	-0.11		-0.42	0.27	0.21	0.53	0.61	0.49	0.55
Common Stock	-0.95	-0.96	-0.95	0.34	-0.79	0.62	-0.78	-0.78	-0.84	-0.56	-0.92	-0.92	0.69	-0.31	-0.42		-0.87	-0.9	-0.7	-0.81	-0.87	-0.74
Long Term Debt Total	0.91	0.91	0.86	-0.26	0.74	-0.41	0.57	0.77	0.67	0.4	0.93	0.78	-0.69	0.09	0.27	-0.87		0.74	0.56	0.8	0.8	0.66
Long Term Investments	0.74	0.8	0.79	-0.33	0.47	-0.46	0.53	0.45	0.59	0.4	0.75	0.91	-0.61	0.16	0.21	-0.9	0.74		0.45	0.51	0.6	0.47
Capital Surpluse	0.67	0.74	0.85	-0.52	0.87	-0.91	0.8	0.73	0.74	0.85	0.63	0.66	-0.54	0.42	0.53	-0.7	0.56	0.45		0.76	0.8	0.93
Net Invested Capital	0.9	0.9	0.85	-0.3	0.94	-0.62	0.82	0.98	0.77	0.68	0.8	0.64	-0.7	0.32	0.61	-0.81	0.8	0.51	0.76		0.92	0.88
Net Working Capital	0.91	0.9	0.9	-0.4	0.92	-0.71	0.84	0.9	0.84	0.65	0.86	0.66	-0.71	0.35	0.49	-0.87	0.8	0.6	0.8	0.92		0.86
Capital Stock	0.77	0.82	0.85	-0.54	0.88	-0.87	0.82	0.84	0.78	0.85	0.7	0.66	-0.59	0.47	0.55	-0.74	0.66	0.47	0.93	0.88	0.86

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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 Retained Earnings, 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
Retained Earnings	-339.7 M	-322.8 M
Retained Earnings Total Equity	-315.1 M	-330.8 M

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

0.87	GS	Goldman Sachs Group Financial Report 17th of July 2024	Pair Corr
0.81	MS	Morgan Stanley Financial Report 16th of July 2024	Pair Corr
0.78	BK	Bank of New York Financial Report 16th of July 2024	Pair Corr
0.78	WT	WisdomTree	Pair Corr
0.75	RM	Regional Management Corp	Pair Corr

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.

Pair Correlation Correlation Matching

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.

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