Palantir Technologies Correlations
| PLTR Stock | USD 168.45 2.68 1.62% |
The current 90-days correlation between Palantir Technologies and Computershare Ltd ADR is 0.07 (i.e., Significant 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 and DJI is 0.38 (i.e., 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.
Moving together with Palantir Stock
| 0.89 | CYBR | CyberArk Software | PairCorr |
| 0.8 | CCJ | Cameco Corp | PairCorr |
| 0.7 | RGRLF | Star Phoenix Group | PairCorr |
| 0.65 | NEE-PN | Nextera Energy | PairCorr |
Moving against Palantir Stock
| 0.33 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.57 | CDP | COPT Defense Properties | PairCorr |
| 0.37 | CLLFF | Collins Foods Limited Earnings Call This Week | PairCorr |
Related Correlations Analysis
| 0.0 | 0.0 | -0.49 | -0.34 | -0.34 | 0.0 | HLFN | ||
| 0.0 | 1.0 | 0.0 | 0.0 | 0.0 | -1.0 | NPNTQ | ||
| 0.0 | 1.0 | 0.0 | 0.0 | 0.0 | -1.0 | XCOMQ | ||
| -0.49 | 0.0 | 0.0 | 0.23 | 0.79 | 0.0 | WLFC | ||
| -0.34 | 0.0 | 0.0 | 0.23 | 0.42 | 0.0 | GNL-PD | ||
| -0.34 | 0.0 | 0.0 | 0.79 | 0.42 | 0.0 | CMSQY | ||
| 0.0 | -1.0 | -1.0 | 0.0 | 0.0 | 0.0 | FIGI | ||
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HLFN | 0.17 | 0.02 | (0.06) | (0.40) | 0.21 | 0.69 | 3.00 | |||
| NPNTQ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| XCOMQ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| WLFC | 1.56 | (0.30) | 0.00 | 0.52 | 0.00 | 2.84 | 9.78 | |||
| GNL-PD | 0.53 | (0.05) | 0.00 | (0.13) | 0.00 | 0.97 | 3.16 | |||
| CMSQY | 1.15 | (0.09) | 0.00 | (0.24) | 0.00 | 2.14 | 7.17 | |||
| FIGI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
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 |