GPMT Stock | | | USD 3.41 0.02 0.58% |
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 Total Liab and its Short Long Term Debt Total 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.
Total Liab vs Short Long Term Debt Total
Total Liab vs Short Long Term Debt Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Granite Point Mortgage Total Liab account and
Short Long Term Debt Total. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Granite Point's Total Liab and Short Long Term Debt Total is 0.83. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Short Long Term Debt Total 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 Total Liab and Short Long Term Debt Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Liab of Granite Point Mortgage are associated (or correlated) with its Short Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt Total has no effect on the direction of Total Liab i.e., Granite Point's Total Liab and Short Long Term Debt Total go up and down completely randomly.
Correlation Coefficient | 0.83 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Short Long Term Debt Total
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
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