Granite Point Mortgage Preferred Stock Price on August 5, 2024
| GPMT-PA Preferred Stock | 17.78 0.38 2.09% |
If you're considering investing in Granite Preferred Stock, it is important to understand the factors that can impact its price. As of today, the current price of Granite Point stands at 17.78, as last reported on the 3rd of December, with the highest price reaching 18.21 and the lowest price hitting 17.76 during the day. Granite Point appears to be very steady, given 3 months investment horizon. Granite Point Mortgage holds Efficiency (Sharpe) Ratio of 0.19, which attests that the entity had a 0.19% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Granite Point Mortgage, which you can use to evaluate the volatility of the firm. Please utilize Granite Point's risk adjusted performance of 0.1583, and Market Risk Adjusted Performance of 0.441 to validate if our risk estimates are consistent with your expectations.
Granite Preferred Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Granite |
Sharpe Ratio = 0.1864
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Estimated Market Risk
| 1.21 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.23 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.19 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.
Granite Point Valuation on August 5, 2024
It is possible to determine the worth of Granite Point on a given historical date. On August 5, 2024 Granite was worth 15.41 at the beginning of the trading date compared to the closed value of 15.61. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Granite Point preferred 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 | |
| 15.92 | 15.95 | 15.61 | 15.62 | 25,364 | |
08/05/2024 | 15.41 | 15.75 | 15.36 | 15.61 | 24,291 |
| 15.79 | 15.94 | 15.72 | 15.84 | 7,961 |
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Granite Point Trading Date Momentum on August 5, 2024
| On August 06 2024 Granite Point Mortgage was traded for 15.84 at the closing time. The highest price during the trading period was 15.94 and the lowest recorded bid was listed for 15.72 . The volume for the day was 8 K. This history from August 6, 2024 contributed to the next trading day price jump. The overall trading delta to the next closing price was 1.47% . The overall trading delta to the current price is 0.83% . |
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 Preferred 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
Granite Point Preferred Stock Technical Analysis
Granite Point technical preferred 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, preferred stock market cycles, or different charting patterns.
Price Boundaries
Granite Point Period Price Range
Low | December 3, 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 December 3, 2024 Market Strength
Market strength indicators help investors to evaluate how Granite Point preferred 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 preferred 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 Preferred 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 | 0.1583 | |||
| Jensen Alpha | 0.17 | |||
| Total Risk Alpha | 0.0531 | |||
| Sortino Ratio | 0.1062 | |||
| Treynor Ratio | 0.431 |
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Complementary Tools for Granite Preferred 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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