Granite Point Mortgage Preferred Stock Market Value
| GPMT-PA Preferred Stock | 17.78 0.38 2.09% |
| Symbol | Granite |
Granite Point 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Granite Point's preferred stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Granite Point.
| 12/10/2023 |
| 12/04/2024 |
If you would invest 0.00 in Granite Point on December 10, 2023 and sell it all today you would earn a total of 0.00 from holding Granite Point Mortgage or generate 0.0% return on investment in Granite Point over 360 days. Granite Point is related to or competes with PennyMac Mortgage, Rithm Capital, ARMOUR Residential, MFA Financial, and Ready Capital. More
Granite Point Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Granite Point's preferred stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Granite Point Mortgage upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.16 | |||
| Information Ratio | 0.0746 | |||
| Maximum Drawdown | 6.74 | |||
| Value At Risk | (1.92) | |||
| Potential Upside | 2.24 |
Granite Point Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Granite Point's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Granite Point's standard deviation. In reality, there are many statistical measures that can use Granite Point historical prices to predict the future Granite Point's volatility.| Risk Adjusted Performance | 0.1312 | |||
| Jensen Alpha | 0.1374 | |||
| Total Risk Alpha | 0.0287 | |||
| Sortino Ratio | 0.0791 | |||
| Treynor Ratio | 0.351 |
Granite Point Mortgage Backtested Returns
Granite Point appears to be very steady, given 3 months investment horizon. Granite Point Mortgage holds Efficiency (Sharpe) Ratio of 0.18, which attests that the entity had a 0.18% 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 market risk adjusted performance of 0.361, and Risk Adjusted Performance of 0.1312 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Granite Point holds a performance score of 14. The company retains a Market Volatility (i.e., Beta) of 0.55, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Granite Point's returns are expected to increase less than the market. However, during the bear market, the loss of holding Granite Point is expected to be smaller as well. Please check Granite Point's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Granite Point's current trending patterns will revert.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Granite Point Mortgage has insignificant reverse predictability. Overlapping area represents the amount of predictability between Granite Point time series from 10th of December 2023 to 7th of June 2024 and 7th of June 2024 to 4th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Granite Point Mortgage price movement. The serial correlation of -0.18 indicates that over 18.0% of current Granite Point price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.64 |
Granite Point Mortgage lagged returns against current returns
Autocorrelation, which is Granite Point preferred stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Granite Point's preferred stock expected returns. We can calculate the autocorrelation of Granite Point returns to help us make a trade decision. For example, suppose you find that Granite Point has exhibited high autocorrelation historically, and you observe that the preferred stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Granite Point regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Granite Point preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Granite Point preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Granite Point preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Granite Point Lagged Returns
When evaluating Granite Point's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Granite Point preferred stock have on its future price. Granite Point autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Granite Point autocorrelation shows the relationship between Granite Point preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Granite Point Mortgage.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Granite Preferred Stock
Granite Point financial ratios help investors to determine whether Granite Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Granite with respect to the benefits of owning Granite Point security.