Palantir Technologies Correlations

PLTR Stock

USD 132.81 0.75 0.57%

The current 90-days correlation between Palantir Technologies and Palo Alto Networks is 0.69 (i.e., Poor 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

Poor diversification

The correlation between Palantir Technologies Class and DJI is 0.69 (i.e., Poor 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

0.73	AI	C3 Ai Inc	Pair Corr
0.76	GB	Global Blue Group	Pair Corr
0.73	MQ	Marqeta Earnings Call This Week	Pair Corr
0.88	ZS	Zscaler	Pair Corr
0.89	VRNS	Varonis Systems	Pair Corr
0.91	VRSN	VeriSign	Pair Corr
0.75	FFIV	F5 Networks	Pair Corr
0.93	DBX	Dropbox	Pair Corr
0.78	DLO	Dlocal	Pair Corr
0.76	FTNT	Fortinet	Pair Corr
0.86	IOT	Samsara Downward Rally	Pair Corr
0.82	NET	Cloudflare	Pair Corr
0.88	ODD	ODDITY Tech	Pair Corr
0.94	PAY	Paymentus Holdings	Pair Corr
0.83	PGY	Pagaya Technologies	Pair Corr

Moving against Palantir Stock

0.81	VERI	Veritone	Pair Corr
0.43	DOCN	DigitalOcean Holdings	Pair Corr
0.7	FMTO	Femto Technologies Symbol Change	Pair Corr
0.74	RXT	Rackspace Technology Tech Boost	Pair Corr
0.55	RPD	Rapid7 Inc	Pair Corr
0.36	WEX	Wex Inc	Pair Corr
0.31	LIDRW	AEye Inc	Pair Corr

Related Correlations Analysis

	PANW	ADBE	CRWD	SQ	SPLK	ZS	NET	MSFT	ORCL
PANW		0.67	0.73	0.0	0.0	0.81	0.8	0.84	0.9	PANW
ADBE	0.67		0.3	0.0	0.0	0.52	0.68	0.58	0.8	ADBE
CRWD	0.73	0.3		0.0	0.0	0.89	0.82	0.89	0.67	CRWD
SQ	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	SQ
SPLK	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	SPLK
ZS	0.81	0.52	0.89	0.0	0.0		0.95	0.93	0.85	ZS
NET	0.8	0.68	0.82	0.0	0.0	0.95		0.93	0.91	NET
MSFT	0.84	0.58	0.89	0.0	0.0	0.93	0.93		0.87	MSFT
ORCL	0.9	0.8	0.67	0.0	0.0	0.85	0.91	0.87		ORCL
	PANW	ADBE	CRWD	SQ	SPLK	ZS	NET	MSFT	ORCL

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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

NET	+ 0.95	ZS
MSFT	+ 0.93	ZS
MSFT	+ 0.93	NET
ORCL	+ 0.91	NET
ORCL	+ 0.9	PANW
ZS	+ 0.89	CRWD

High negative correlations

ORCL	- 0.0	SPLK
MSFT	- 0.0	SPLK
NET	- 0.0	SPLK
ZS	- 0.0	SPLK
ORCL	- 0.0	SQ
MSFT	- 0.0	SQ

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	1.88	0.15	0.05	0.12	2.71	(1.72)	3.51	(4.63)	20.23
ADBE	1.56	(0.09)	0.00	(0.07)	0.00	0.00	3.07	(4.00)	14.99
CRWD	2.84	0.44	0.12	(3.32)	3.29	(3.04)	6.38	(5.77)	22.07
SQ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SPLK	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ZS	2.15	0.63	0.19	0.42	2.72	(2.34)	4.76	(4.21)	17.84
NET	2.63	0.51	0.12	0.28	3.59	(2.73)	5.62	(6.27)	21.78
MSFT	1.30	0.27	0.16	0.27	1.32	(1.35)	2.58	(3.01)	13.79
ORCL	2.13	0.26	0.10	0.19	2.53	(2.22)	4.58	(4.20)	16.71

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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