Palantir Technologies Inc. Class A Common Stock (PLTR) Correlation Distribution
Across 6,808 rolling correlation observations between Palantir Technologies Inc. Class A Common Stock (PLTR) and other NASDAQ-listed stocks, 46.8% are positive and 53.2% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.045, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 10.2% and strong negative correlations (≤−0.7) for 1.5%.
- Total observations
- 6,808
- Mean correlation
- 0.045
- Most common range
- -0.3 to -0.2
- Positive pairs
- 46.8%
- Strong positive (≥0.7)
- 10.2%
- Sector
- Services-Prepackaged Software
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 52 | 0.8% | |
| -0.8 to -0.7 | 52 | 0.8% | |
| -0.7 to -0.6 | 254 | 3.7% | |
| -0.6 to -0.5 | 253 | 3.7% | |
| -0.5 to -0.4 | 484 | 7.1% | |
| -0.4 to -0.3 | 483 | 7.1% | |
| -0.3 to -0.2 | 794 | 11.7% | |
| -0.2 to -0.1 | 793 | 11.6% | |
| -0.1 to 0.0 | 455 | 6.7% | |
| 0.0 to 0.1 | 455 | 6.7% | |
| 0.1 to 0.2 | 317 | 4.7% | |
| 0.2 to 0.3 | 316 | 4.6% | |
| 0.3 to 0.4 | 320 | 4.7% | |
| 0.4 to 0.5 | 320 | 4.7% | |
| 0.5 to 0.6 | 383 | 5.6% | |
| 0.6 to 0.7 | 383 | 5.6% | |
| 0.7 to 0.8 | 328 | 4.8% | |
| 0.8 to 0.9 | 327 | 4.8% | |
| 0.9 to 1.0 | 38 | 0.6% |
Frequently asked questions
What is the average correlation of PLTR?
Palantir Technologies Inc. Class A Common Stock (PLTR) has an average correlation of about 0.045 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is PLTR positively correlated with other stocks?
Not predominantly — 46.8% of pairs are positive and 53.2% are negative. Strong positive correlations (≥0.7) make up 10.2%.
What is the most common correlation range for PLTR?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 46% of all pairs.
Explore the full interactive correlation distribution for PLTR.
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