Palantir Technologies Correlations

PLTR Stock

USD 153.52 0.47 0.31%

The current 90-days correlation between Palantir Technologies and Uipath Inc is 0.34 (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

Weak diversification

The correlation between Palantir Technologies Class and DJI is 0.32 (i.e., 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.

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Palantir Technologies Class. 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.

Moving together with Palantir Stock

0.81	BB	BlackBerry	Pair Corr
0.84	JG	Aurora Mobile	Pair Corr
0.87	MQ	Marqeta	Pair Corr
0.71	NN	Nextnav Acquisition Corp	Pair Corr
0.86	ZS	Zscaler	Pair Corr
0.7	VRAR	Glimpse Group	Pair Corr
0.89	VRNS	Varonis Systems	Pair Corr
0.65	VRNT	Verint Systems	Pair Corr
0.77	VRSN	VeriSign Earnings Call This Week	Pair Corr
0.88	FFIV	F5 Networks	Pair Corr
0.7	FIVN	Five9 Inc	Pair Corr
0.77	FLYW	Flywire Corp	Pair Corr
0.9	FOUR	Shift4 Payments	Pair Corr
0.78	DLO	Dlocal	Pair Corr
0.71	DOX	Amdocs	Pair Corr
0.89	GEN	Gen Digital	Pair Corr
0.61	GENVR	Gen Digital Contingent	Pair Corr
0.88	MDB	MongoDB	Pair Corr
0.91	NET	Cloudflare	Pair Corr
0.8	ODD	ODDITY Tech	Pair Corr
0.89	PGY	Pagaya Technologies Trending	Pair Corr

Moving against Palantir Stock

0.64	VERI	Veritone Tech Boost	Pair Corr
0.47	EXOD	Exodus Movement, Tech Boost	Pair Corr
0.37	FATN	FatPipe, Common Stock	Pair Corr
0.65	HPAI	Helport AI Limited	Pair Corr
0.63	XBP	XBP Europe Holdings	Pair Corr

Related Correlations Analysis

	MSFT	PANW	PATH	XYZ	ADBE	NIO	ABNB	SNOW	COIN
MSFT		0.87	0.79	0.75	0.38	-0.2	0.88	0.95	0.87	MSFT
PANW	0.87		0.84	0.63	0.5	-0.28	0.84	0.88	0.65	PANW
PATH	0.79	0.84		0.55	0.72	-0.09	0.88	0.79	0.53	PATH
XYZ	0.75	0.63	0.55		0.11	-0.26	0.7	0.82	0.83	XYZ
ADBE	0.38	0.5	0.72	0.11		-0.09	0.55	0.44	0.0	ADBE
NIO	-0.2	-0.28	-0.09	-0.26	-0.09		0.02	-0.37	-0.09	NIO
ABNB	0.88	0.84	0.88	0.7	0.55	0.02		0.83	0.69	ABNB
SNOW	0.95	0.88	0.79	0.82	0.44	-0.37	0.83		0.81	SNOW
COIN	0.87	0.65	0.53	0.83	0.0	-0.09	0.69	0.81		COIN
	MSFT	PANW	PATH	XYZ	ADBE	NIO	ABNB	SNOW	COIN

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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

SNOW	+ 0.95	MSFT
ABNB	+ 0.88	MSFT
SNOW	+ 0.88	PANW
ABNB	+ 0.88	PATH
PANW	+ 0.87	MSFT
COIN	+ 0.87	MSFT

High negative correlations

SNOW	- 0.37	NIO
NIO	- 0.28	PANW
NIO	- 0.26	XYZ
NIO	- 0.2	MSFT
COIN	- 0.09	NIO
NIO	- 0.09	ADBE

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
MSFT	0.90	0.30	0.27	0.47	0.54	(1.09)	2.33	(1.08)	8.85
PANW	1.45	0.09	0.04	0.22	2.08	(1.45)	2.87	(3.45)	11.38
PATH	1.61	0.11	0.06	0.23	1.84	(1.77)	3.82	(3.30)	10.88
XYZ	2.20	0.33	0.07	0.39	4.00	(2.09)	5.43	(3.57)	24.14
ADBE	1.10	(0.06)	(0.03)	0.07	1.79	(1.03)	2.54	(2.82)	8.62
NIO	2.44	0.21	0.09	0.36	1.95	(3.10)	6.36	(3.47)	11.43
ABNB	1.36	0.16	0.12	0.26	1.34	(1.51)	2.93	(2.80)	9.13
SNOW	1.55	0.50	0.29	0.60	0.97	(1.70)	4.41	(2.06)	16.92
COIN	3.50	1.28	0.47	1.32	2.18	(4.67)	9.01	(4.55)	31.18

Palantir Technologies Corporate Executives

Elected by the shareholders, the Palantir Technologies' board of directors comprises two types of representatives: Palantir Technologies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Palantir. The board's role is to monitor Palantir Technologies' management team and ensure that shareholders' interests are well served. Palantir Technologies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Palantir Technologies' outside directors are responsible for providing unbiased perspectives on the board's policies.

	David JD	CFO Treasurer	Profile
	David Glazer	Chief Financial Officer, Treasurer	Profile

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