Granite Point Short Ratio vs. Number Of Shares Shorted

GPMT-PA Preferred Stock   17.85  0.05  0.28%   
Based on Granite Point's profitability indicators, Granite Point Mortgage may not be well positioned to generate adequate gross income at the present time. It has a very high likelihood of underperforming in January. Profitability indicators assess Granite Point's ability to earn profits and add value for shareholders.
For Granite Point profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Granite Point to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Granite Point Mortgage utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Granite Point's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Granite Point Mortgage over time as well as its relative position and ranking within its peers.
  
Check out Risk vs Return Analysis.
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.

Granite Point Mortgage Number Of Shares Shorted vs. Short Ratio Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Granite Point's current stock value. Our valuation model uses many indicators to compare Granite Point value to that of its competitors to determine the firm's financial worth.
Granite Point Mortgage is rated # 2 in short ratio category among its peers. It also is rated # 2 in number of shares shorted category among its peers making about  11,371  of Number Of Shares Shorted per Short Ratio. Comparative valuation analysis is a catch-all model that can be used if you cannot value Granite Point by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Granite Point's Preferred Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.

Granite Number Of Shares Shorted vs. Short Ratio

Short Ratio is typically used by traders and speculators to identify trends in current market sentiment for a particular equity instrument. In its simple terms this ratio shows how many days it will take all current short sellers to cover their positions if the price of a stock begins to rise.

Granite Point

Short Ratio

 = 

Short Interest

Average Trading Volume

 = 
0.17 X
The higher the Short Ratio, the longer it would take to buy back the borrowed shares. In theory, the more short positions are currently outstanding, the faster it will be to cover shorted positions.
Number of Shares Shorted is the total amount of shares that are currently sold short by investors. When a stock is sold short, the short seller assumes the responsibility of repurchasing the stock at a lower price. The speculator will make money if the stock goes down in price or will experience a loss if the stock price goes up.

Granite Point

Shares Shorted

 = 

Shorted by Public

+

by Institutions

 = 
1.93 K
If a large number of investors decide to short sell an equity instrument within a small period of time, their combined action can significantly affect the price of the stock.

Granite Number Of Shares Shorted Comparison

Granite Point is currently under evaluation in number of shares shorted category among its peers.

Granite Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Granite Point. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Granite Point position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Granite Point's important profitability drivers and their relationship over time.

Use Granite Point in pair-trading

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.

Granite Point Pair Trading

Granite Point Mortgage Pair Trading Analysis

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 CorrelationCorrelation Matching

Use Investing Themes to Complement your Granite Point position

In addition to having Granite Point in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Run Exotic Funds Thematic Idea Now

Exotic Funds
Exotic Funds Theme
Funds or Etfs with high minimum investment requirement that manage portfolios of alternative investments such as hedge funds, options, futures, real estate or commodities. The Exotic Funds theme has 45 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Exotic Funds Theme or any other thematic opportunities.
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Other Information on Investing in Granite Preferred Stock

To fully project Granite Point's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Granite Point Mortgage at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Granite Point's income statement, its balance sheet, and the statement of cash flows.
Potential Granite Point investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Granite Point investors may work on 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. Please read more on our technical analysis and fundamental analysis pages.