Granite Net Income vs Net Income From Continuing Ops Analysis

GPMT Stock

USD 3.40 0.07 2.10%

Granite Point financial indicator trend analysis is much more than just examining Granite Point Mortgage latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Granite Point Mortgage is a good investment. Please check the relationship between Granite Point Net Income and its Net Income From Continuing Ops accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Granite Point Mortgage. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.

Net Income vs Net Income From Continuing Ops

Net Income vs Net Income From Continuing Ops Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Granite Point Mortgage Net Income account and Net Income From Continuing Ops. At this time, the significance of the direction appears to have totally related.

The correlation between Granite Point's Net Income and Net Income From Continuing Ops is 1.0. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Net Income From Continuing Ops in the same time period over historical financial statements of Granite Point Mortgage, assuming nothing else is changed. The correlation between historical values of Granite Point's Net Income and Net Income From Continuing Ops is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Granite Point Mortgage are associated (or correlated) with its Net Income From Continuing Ops. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income From Continuing Ops has no effect on the direction of Net Income i.e., Granite Point's Net Income and Net Income From Continuing Ops go up and down completely randomly.

Correlation Coefficient

1.0

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Granite Point Mortgage financial statement analysis. It represents the amount of money remaining after all of Granite Point Mortgage operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Net Income From Continuing Ops

Most indicators from Granite Point's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Granite Point Mortgage current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Granite Point Mortgage. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.

Tax Provision is likely to gain to about 116.2 K in 2024, whereas Selling General Administrative is likely to drop slightly above 20.6 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	57.4M	47.3M	255.2M	268.0M
Total Revenue	87.5M	78.3M	266.5M	279.8M

Gross Profit Total Revenue

Granite Point fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Total Liab	Deferred Long Term Liab	Short Long Term Debt
Total Assets		0.86	-0.42	0.16	0.96	0.9	0.91	-0.23	0.85	-0.52	0.82	0.74	0.69	0.68	0.19	0.9	0.28	0.86	-0.95	0.92	0.48	0.74	-0.77	0.93	0.82	-0.68
Short Long Term Debt Total	0.86		-0.74	0.07	0.84	0.93	0.88	-0.34	1.0	-0.7	0.86	0.8	0.69	0.69	0.05	0.95	0.27	0.84	-0.8	0.92	0.73	0.9	-0.86	0.78	0.67	-0.59
Other Current Liab	-0.42	-0.74		0.27	-0.41	-0.57	-0.48	0.5	-0.74	0.68	-0.63	-0.61	-0.41	-0.41	0.02	-0.67	-0.05	-0.42	0.32	-0.71	-0.66	-0.73	0.73	-0.28	-0.11	0.45
Total Current Liabilities	0.16	0.07	0.27		0.13	0.13	0.2	-0.14	0.04	-0.14	0.27	0.43	0.36	0.36	-0.05	-0.02	-0.19	0.28	-0.31	-0.04	0.05	0.18	-0.21	0.05	0.55	0.09
Total Stockholder Equity	0.96	0.84	-0.41	0.13		0.92	0.96	-0.28	0.83	-0.61	0.8	0.74	0.69	0.69	0.09	0.85	0.37	0.78	-0.96	0.91	0.59	0.69	-0.76	0.91	0.88	-0.8
Other Liab	0.9	0.93	-0.57	0.13	0.92		0.96	-0.32	0.92	-0.74	0.89	0.8	0.64	0.64	0.06	0.86	0.41	0.85	-0.88	0.9	0.66	0.77	-0.86	0.84	0.81	-0.69
Net Tangible Assets	0.91	0.88	-0.48	0.2	0.96	0.96		-0.36	0.87	-0.72	0.83	0.79	0.68	0.68	0.08	0.81	0.33	0.8	-0.95	0.88	0.66	0.75	-0.78	0.88	0.89	-0.77
Current Deferred Revenue	-0.23	-0.34	0.5	-0.14	-0.28	-0.32	-0.36		-0.33	0.78	-0.27	-0.32	-0.23	-0.23	0.02	-0.2	0.06	-0.33	0.34	-0.41	-0.66	-0.34	0.43	-0.25	-0.24	0.17
Net Debt	0.85	1.0	-0.74	0.04	0.83	0.92	0.87	-0.33		-0.69	0.83	0.77	0.66	0.66	0.07	0.95	0.27	0.84	-0.79	0.91	0.73	0.9	-0.84	0.79	0.65	-0.57
Retained Earnings	-0.52	-0.7	0.68	-0.14	-0.61	-0.74	-0.72	0.78	-0.69		-0.7	-0.69	-0.56	-0.57	0.27	-0.55	-0.38	-0.63	0.62	-0.7	-0.89	-0.55	0.75	-0.48	-0.55	0.47
Accounts Payable	0.82	0.86	-0.63	0.27	0.8	0.89	0.83	-0.27	0.83	-0.7		0.96	0.8	0.81	-0.14	0.81	0.34	0.78	-0.78	0.87	0.56	0.74	-0.93	0.61	0.7	-0.66
Cash	0.74	0.8	-0.61	0.43	0.74	0.8	0.79	-0.32	0.77	-0.69	0.96		0.83	0.83	-0.14	0.73	0.19	0.69	-0.74	0.78	0.58	0.76	-0.9	0.5	0.72	-0.64
Non Current Assets Total	0.69	0.69	-0.41	0.36	0.69	0.64	0.68	-0.23	0.66	-0.56	0.8	0.83		1.0	-0.45	0.67	0.37	0.71	-0.76	0.72	0.58	0.55	-0.61	0.53	0.66	-0.51
Non Currrent Assets Other	0.68	0.69	-0.41	0.36	0.69	0.64	0.68	-0.23	0.66	-0.57	0.81	0.83	1.0		-0.46	0.67	0.37	0.7	-0.75	0.71	0.58	0.55	-0.61	0.52	0.65	-0.5
Other Assets	0.19	0.05	0.02	-0.05	0.09	0.06	0.08	0.02	0.07	0.27	-0.14	-0.14	-0.45	-0.46		0.08	-0.65	-0.04	-0.05	0.05	-0.35	0.33	-0.06	0.24	0.05	-0.1
Long Term Debt	0.9	0.95	-0.67	-0.02	0.85	0.86	0.81	-0.2	0.95	-0.55	0.81	0.73	0.67	0.67	0.08		0.31	0.82	-0.78	0.93	0.63	0.83	-0.82	0.8	0.61	-0.58
Cash And Short Term Investments	0.28	0.27	-0.05	-0.19	0.37	0.41	0.33	0.06	0.27	-0.38	0.34	0.19	0.37	0.37	-0.65	0.31		0.41	-0.31	0.32	0.42	-0.16	-0.22	0.32	0.28	-0.17
Net Receivables	0.86	0.84	-0.42	0.28	0.78	0.85	0.8	-0.33	0.84	-0.63	0.78	0.69	0.71	0.7	-0.04	0.82	0.41		-0.84	0.83	0.58	0.67	-0.74	0.84	0.72	-0.32
Common Stock Total Equity	-0.95	-0.8	0.32	-0.31	-0.96	-0.88	-0.95	0.34	-0.79	0.62	-0.78	-0.74	-0.76	-0.75	-0.05	-0.78	-0.31	-0.84		-0.86	-0.56	-0.67	0.69	-0.92	-0.92	0.69
Common Stock Shares Outstanding	0.92	0.92	-0.71	-0.04	0.91	0.9	0.88	-0.41	0.91	-0.7	0.87	0.78	0.72	0.71	0.05	0.93	0.32	0.83	-0.86		0.65	0.78	-0.86	0.83	0.65	-0.71
Short Term Investments	0.48	0.73	-0.66	0.05	0.59	0.66	0.66	-0.66	0.73	-0.89	0.56	0.58	0.58	0.58	-0.35	0.63	0.42	0.58	-0.56	0.65		0.55	-0.61	0.48	0.5	-0.39
Non Current Liabilities Total	0.74	0.9	-0.73	0.18	0.69	0.77	0.75	-0.34	0.9	-0.55	0.74	0.76	0.55	0.55	0.33	0.83	-0.16	0.67	-0.67	0.78	0.55		-0.78	0.64	0.56	-0.53
Other Current Assets	-0.77	-0.86	0.73	-0.21	-0.76	-0.86	-0.78	0.43	-0.84	0.75	-0.93	-0.9	-0.61	-0.61	-0.06	-0.82	-0.22	-0.74	0.69	-0.86	-0.61	-0.78		-0.57	-0.62	0.6
Total Liab	0.93	0.78	-0.28	0.05	0.91	0.84	0.88	-0.25	0.79	-0.48	0.61	0.5	0.53	0.52	0.24	0.8	0.32	0.84	-0.92	0.83	0.48	0.64	-0.57		0.78	-0.56
Deferred Long Term Liab	0.82	0.67	-0.11	0.55	0.88	0.81	0.89	-0.24	0.65	-0.55	0.7	0.72	0.66	0.65	0.05	0.61	0.28	0.72	-0.92	0.65	0.5	0.56	-0.62	0.78		-0.62
Short Long Term Debt	-0.68	-0.59	0.45	0.09	-0.8	-0.69	-0.77	0.17	-0.57	0.47	-0.66	-0.64	-0.51	-0.5	-0.1	-0.58	-0.17	-0.32	0.69	-0.71	-0.39	-0.53	0.6	-0.56	-0.62

Click cells to compare fundamentals

Granite Point Account Relationship Matchups

Granite Point fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.5B	4.2B	4.0B	3.5B	2.8B	3.3B
Short Long Term Debt Total	1.5B	1.5B	2.3B	1.4B	2.0B	1.3B
Other Current Liab	(49.3M)	(694.5M)	(1.1B)	(100M)	(988.7M)	(939.3M)
Total Current Liabilities	49.3M	1.1B	451.1M	100M	988.7M	502.7M
Total Stockholder Equity	1.0B	933.8M	1.0B	983.5M	858.9M	901.9M
Other Liab	24.5M	23.0M	21.4M	25.0M	28.7M	15.5M
Net Tangible Assets	1.0B	934.8M	1.0B	984.5M	1.1B	897.0M
Net Debt	1.4B	1.3B	2.1B	1.3B	1.8B	1.1B
Retained Earnings	(29.9M)	(125.0M)	(112.8M)	(219.4M)	(339.7M)	(322.8M)
Accounts Payable	7.3M	25.0M	14.4M	14.3M	16.5M	9.8M
Cash	80.3M	261.4M	191.9M	133.1M	199.2M	143.9M
Non Current Assets Total	30.9M	3.9B	3.8B	3.3B	2.6B	2.6B
Non Currrent Assets Other	(30.9M)	3.9B	3.8B	3.3B	2.6B	2.6B
Other Assets	4.3B	67.8M	12.4M	(3.3B)	27.8M	26.4M
Long Term Debt	1.4B	1.4B	2.1B	1.3B	991.7M	1.1B
Cash And Short Term Investments	93.1M	261.4M	191.9M	3.5B	199.2M	189.3M
Net Receivables	11.3M	12.4M	10.7M	13.4M	12.4M	11.4M
Common Stock Total Equity	549K	552K	538K	524K	471.6K	448.0K
Common Stock Shares Outstanding	53.1M	55.2M	54.9M	53.0M	51.6M	54.9M
Short Term Investments	12.8M	0.0	3.8B	3.4B	3.9B	4.0B
Liabilities And Stockholders Equity	4.5B	4.2B	4.0B	3.5B	2.8B	3.3B
Non Current Liabilities Total	1.4B	1.5B	2.3B	130.9M	2.0B	1.1B
Other Current Assets	(171.1M)	(341.6M)	(215.0M)	(153.6M)	(228.5M)	(217.1M)
Total Liab	3.4B	1.5B	2.3B	2.5B	2.0B	2.1B
Short Long Term Debt	75M	42.0M	0.0	100M	84M	110.5M
Total Current Assets	104.4M	273.8M	202.6M	3.5B	200.8M	190.7M
Short Term Debt	42.0M	1.8B	1.5B	100M	988.7M	657.8M
Common Stock	549K	552K	538K	524K	506K	480.7K
Long Term Debt Total	3.0B	1.4B	2.1B	1.3B	1.5B	1.8B
Other Stockholder Equity	1.0B	1.1B	1.1B	1.2B	1.2B	1.0B
Accumulated Other Comprehensive Income	(30M)	(192K)	32K	0.0	(506K)	(531.3K)
Retained Earnings Total Equity	(192.0M)	(228.2M)	(284.3M)	(350.1M)	(315.1M)	(330.8M)
Capital Surpluse	1.0B	1.1B	1.1B	1.2B	1.4B	1.1B
Net Invested Capital	2.5B	2.5B	3.3B	2.4B	1.9B	2.4B
Non Current Liabilities Other	2.1B	1.9B	742.3M	1.1B	976.9M	976.1M
Capital Stock	549K	552K	584K	606K	588K	607.8K

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 together with Granite Stock

0.63

AllianceBernstein

Pair Corr

Moving against Granite Stock

0.54	WT	WisdomTree	Pair Corr
0.48	V	Visa Class A Financial Report 23rd of July 2024	Pair Corr
0.46	DB	Deutsche Bank AG	Pair Corr
0.46	MA	Mastercard	Pair Corr
0.45	QD	Qudian Inc	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

When determining whether Granite Point Mortgage is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Granite Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Granite Point Mortgage Stock. Highlighted below are key reports to facilitate an investment decision about Granite Point Mortgage Stock:

How To Invest In Granite

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Is Granite Stock a good investment?

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What is Granite Point's Net Worth?

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Largest Mortgage Real Estate Investment Trusts (REITs) Companies

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Largest Financial Services Companies

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Granite Point Mortgage. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.

You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public 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.

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Granite Net Income vs Net Income From Continuing Ops Analysis

Net Income vs Net Income From Continuing Ops

Net Income vs Net Income From Continuing Ops Correlation Analysis

Correlation Coefficient

Net Income

Net Income From Continuing Ops

Granite Point fundamental ratios Correlations

Granite Point Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Granite Point fundamental ratios Accounts

Pair Trading with Granite Point

Moving together with Granite Stock

Moving against Granite Stock

Complementary Tools for Granite Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Debt	+ 1.0	Short Long Term Debt Total
Non Currrent Assets Other	+ 1.0	Non Current Assets Total
Total Stockholder Equity	+ 0.96	Total Assets
Net Tangible Assets	+ 0.96	Total Stockholder Equity
Net Tangible Assets	+ 0.96	Other Liab
Cash	+ 0.96	Accounts Payable

Common Stock Total Equity	- 0.96	Total Stockholder Equity
Common Stock Total Equity	- 0.95	Net Tangible Assets
Common Stock Total Equity	- 0.95	Total Assets
Other Current Assets	- 0.93	Accounts Payable
Deferred Long Term Liab	- 0.92	Common Stock Total Equity
Total Liab	- 0.92	Common Stock Total Equity