Palantir Technologies Correlations
| PLTR Stock | USD 91.98 0.30 0.33% |
The correlation of Palantir Technologies 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
Palantir Technologies Correlation With Market
Very weak diversification
The correlation between Palantir Technologies Class and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Palantir Technologies Class and DJI in the same portfolio, assuming nothing else is changed.
Palantir |
Moving together with Palantir Stock
| 0.86 | BB | BlackBerry Earnings Call This Week | PairCorr |
| 0.71 | JG | Aurora Mobile | PairCorr |
| 0.81 | ZS | Zscaler | PairCorr |
| 0.8 | DOCN | DigitalOcean Holdings | PairCorr |
| 0.82 | FFIV | F5 Networks | PairCorr |
| 0.75 | BOX | Box Inc | PairCorr |
| 0.83 | FTNT | Fortinet | PairCorr |
| 0.65 | IOT | Samsara | PairCorr |
| 0.85 | NET | Cloudflare | PairCorr |
| 0.8 | PGY | Pagaya Technologies Tech Boost | PairCorr |
Moving against Palantir Stock
| 0.52 | GB | Global Blue Group | PairCorr |
| 0.46 | FAASW | DigiAsia Corp Symbol Change | PairCorr |
| 0.4 | FMTO | Femto Technologies Symbol Change | PairCorr |
| 0.34 | FAAS | DigiAsia Corp Symbol Change | PairCorr |
| 0.54 | WEX | Wex Inc | PairCorr |
| 0.32 | SOS | SOS Limited | PairCorr |
Related Correlations Analysis
| 0.56 | 0.8 | 0.46 | 0.56 | 0.64 | 0.0 | PANW | ||
| 0.56 | 0.46 | -0.03 | 0.6 | 0.46 | -0.43 | ADBE | ||
| 0.8 | 0.46 | 0.62 | 0.61 | 0.88 | 0.04 | CRWD | ||
| 0.46 | -0.03 | 0.62 | 0.09 | 0.71 | 0.69 | ZS | ||
| 0.56 | 0.6 | 0.61 | 0.09 | 0.5 | -0.5 | ORCL | ||
| 0.64 | 0.46 | 0.88 | 0.71 | 0.5 | 0.19 | NET | ||
| 0.0 | -0.43 | 0.04 | 0.69 | -0.5 | 0.19 | OKTA | ||
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Palantir Stock performing well and Palantir Technologies Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Palantir Technologies' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PANW | 1.64 | (0.08) | 0.00 | (0.67) | 0.00 | 3.41 | 8.05 | |||
| ADBE | 1.30 | (0.17) | 0.00 | 0.37 | 0.00 | 2.31 | 18.02 | |||
| CRWD | 2.55 | 0.08 | 0.02 | (55.88) | 3.23 | 5.16 | 16.73 | |||
| ZS | 1.77 | 0.22 | 0.09 | 0.17 | 2.11 | 3.26 | 13.77 | |||
| ORCL | 2.18 | (0.12) | 0.00 | (0.07) | 0.00 | 4.65 | 20.96 | |||
| NET | 2.49 | 0.22 | 0.07 | 0.15 | 3.03 | 3.95 | 26.62 | |||
| OKTA | 2.10 | 0.57 | 0.25 | 0.65 | 1.82 | 4.48 | 30.71 |
Palantir Technologies Corporate Management
| Kevin Kawasaki | Head Development | Profile | |
| Ryan JD | Chief Officer | Profile | |
| Alexandra Schiff | Independent Director | Profile | |
| Stephen Cohen | President Co-Founder, Company Secretary, Director | Profile |