Palantir Technologies (Brazil) Market Value
| P2LT34 Stock | 132.45 0.93 0.70% |
| Symbol | Palantir |
Palantir Technologies 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Palantir Technologies' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Palantir Technologies.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Palantir Technologies on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Palantir Technologies or generate 0.0% return on investment in Palantir Technologies over 720 days. Palantir Technologies is related to or competes with Fras Le, Western Digital, BTG Pactual, Intuitive Surgical, Cable One, and Companhia Paranaense. More
Palantir Technologies Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Palantir Technologies' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Palantir Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.29 | |||
| Information Ratio | 0.3256 | |||
| Maximum Drawdown | 25.1 | |||
| Value At Risk | (3.44) | |||
| Potential Upside | 6.79 |
Palantir Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Palantir Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Palantir Technologies' standard deviation. In reality, there are many statistical measures that can use Palantir Technologies historical prices to predict the future Palantir Technologies' volatility.| Risk Adjusted Performance | 0.2845 | |||
| Jensen Alpha | 1.12 | |||
| Total Risk Alpha | 0.7328 | |||
| Sortino Ratio | 0.5426 | |||
| Treynor Ratio | 0.6987 |
Palantir Technologies Backtested Returns
Palantir Technologies is very steady given 3 months investment horizon. Palantir Technologies maintains Sharpe Ratio (i.e., Efficiency) of 0.37, which implies the firm had a 0.37% return per unit of risk over the last 3 months. We were able to break down and interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.41% are justified by taking the suggested risk. Use Palantir Technologies Coefficient Of Variation of 276.51, risk adjusted performance of 0.2845, and Semi Deviation of 1.36 to evaluate company specific risk that cannot be diversified away. Palantir Technologies holds a performance score of 29 on a scale of zero to a hundred. The company holds a Beta of 1.96, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Palantir Technologies will likely underperform. Use Palantir Technologies sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to analyze future returns on Palantir Technologies.
Auto-correlation | 0.78 |
Good predictability
Palantir Technologies has good predictability. Overlapping area represents the amount of predictability between Palantir Technologies time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Palantir Technologies price movement. The serial correlation of 0.78 indicates that around 78.0% of current Palantir Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 591.05 |
Palantir Technologies lagged returns against current returns
Autocorrelation, which is Palantir Technologies stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Palantir Technologies' stock expected returns. We can calculate the autocorrelation of Palantir Technologies returns to help us make a trade decision. For example, suppose you find that Palantir Technologies has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Palantir Technologies regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Palantir Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Palantir Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Palantir Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Palantir Technologies Lagged Returns
When evaluating Palantir Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Palantir Technologies stock have on its future price. Palantir Technologies autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Palantir Technologies autocorrelation shows the relationship between Palantir Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Palantir Technologies.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Palantir Stock
Palantir Technologies financial ratios help investors to determine whether Palantir Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Palantir with respect to the benefits of owning Palantir Technologies security.