| GPMT Stock | | | USD 3.55 0.03 0.84% |
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 Price To Sales Ratio and its Roe 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 closely tied with the direction of predictive economic indicators such as
signals in population.
Price To Sales Ratio vs Roe
Price To Sales Ratio vs Roe Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Granite Point Mortgage Price To Sales Ratio account and
Roe. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Granite Point's Price To Sales Ratio and Roe is -0.06. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Roe 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 Price To Sales Ratio and Roe is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price To Sales Ratio of Granite Point Mortgage are associated (or correlated) with its Roe. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Roe has no effect on the direction of Price To Sales Ratio i.e., Granite Point's Price To Sales Ratio and Roe go up and down completely randomly.
Correlation Coefficient | -0.06 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Granite Point Mortgage stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Granite Point sales, a figure that is much harder to manipulate than other Granite Point Mortgage multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.
Roe
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 closely tied 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.
Granite Point fundamental ratios Correlations
Click cells to compare fundamentals
Granite Point Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Granite Point fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
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.