Palantir Technologies Correlations

Stocks . USA . 
Stock . Palantir Technologies
PLTR Stock  USD 65.77  6.59  11.14%   
The current 90-days correlation between Palantir Technologies and Ecolab Inc is 0.32 (i.e., Weak diversification). 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 and DJI is 0.44 (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 and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Palantir Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
To learn how to invest in Palantir Stock, please use our How to Invest in Palantir Technologies guide.

Moving together with Palantir Stock

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Moving against Palantir Stock

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Related Correlations Analysis

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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   
AMP
+ 0.9
SAMG
AXTA
+ 0.89
CDXS
CDXS
+ 0.87
AMP
AXTA
+ 0.81
AMP
PFLT
+ 0.8
ECL
CDXS
+ 0.75
SAMG
  
High negative correlations   
AXTA
- 0.01
ECL
CDXS
- 0.0
ECL

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.

Palantir Technologies Corporate Management

Kevin KawasakiHead DevelopmentProfile
Ryan JDChief OfficerProfile
Alexandra SchiffIndependent DirectorProfile
Stephen CohenPresident Co-Founder, Company Secretary, DirectorProfile
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