Palantir Technologiesinc Stock Market Value
| PLTR Stock | USD 21.65 0.02 0.09% |
| Symbol | Palantir |
Palantir TechnologiesInc Price To Book Ratio
Is Palantir TechnologiesInc's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Palantir TechnologiesInc. If investors know Palantir will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Palantir TechnologiesInc listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 4.018 | Earnings Share 0.12 | Revenue Per Share 1.074 | Quarterly Revenue Growth 0.208 | Return On Assets 0.029 |
The market value of Palantir TechnologiesInc is measured differently than its book value, which is the value of Palantir that is recorded on the company's balance sheet. Investors also form their own opinion of Palantir TechnologiesInc's value that differs from its market value or its book value, called intrinsic value, which is Palantir TechnologiesInc's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Palantir TechnologiesInc's market value can be influenced by many factors that don't directly affect Palantir TechnologiesInc's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Palantir TechnologiesInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Palantir TechnologiesInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Palantir TechnologiesInc's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Palantir TechnologiesInc '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 TechnologiesInc's 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 TechnologiesInc.
| 11/19/2023 |
| 05/17/2024 |
If you would invest 0.00 in Palantir TechnologiesInc on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding Palantir TechnologiesInc or generate 0.0% return on investment in Palantir TechnologiesInc over 180 days. Palantir TechnologiesInc is related to or competes with Palo Alto, Adobe Systems, Crowdstrike Holdings, Block, Zscaler, Cloudflare, and Microsoft. Palantir Technologies Inc. builds and deploys software platforms for the intelligence community in the United States to ... More
Palantir TechnologiesInc 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 TechnologiesInc's 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 TechnologiesInc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 24.98 | |||
| Value At Risk | (3.85) | |||
| Potential Upside | 4.12 |
Palantir TechnologiesInc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Palantir TechnologiesInc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Palantir TechnologiesInc's standard deviation. In reality, there are many statistical measures that can use Palantir TechnologiesInc historical prices to predict the future Palantir TechnologiesInc's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.67) | |||
| Treynor Ratio | (0.05) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Palantir TechnologiesInc's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Palantir TechnologiesInc Backtested Returns
Palantir TechnologiesInc maintains Sharpe Ratio (i.e., Efficiency) of -0.0203, which implies the firm had a -0.0203% return per unit of risk over the last 3 months. Palantir TechnologiesInc exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Palantir TechnologiesInc's Risk Adjusted Performance of (0.01), variance of 11.51, and Coefficient Of Variation of (3,439) to confirm the risk estimate we provide. The company holds a Beta of 2.09, 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 TechnologiesInc will likely underperform. Palantir TechnologiesInc has an expected return of -0.0682%. Please make sure to check Palantir TechnologiesInc information ratio, kurtosis, as well as the relationship between the Kurtosis and period momentum indicator , to decide if Palantir TechnologiesInc performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.21 |
Weak reverse predictability
Palantir TechnologiesInc has weak reverse predictability. Overlapping area represents the amount of predictability between Palantir TechnologiesInc time series from 19th of November 2023 to 17th of February 2024 and 17th of February 2024 to 17th of May 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 TechnologiesInc price movement. The serial correlation of -0.21 indicates that over 21.0% of current Palantir TechnologiesInc price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 2.15 |
Palantir TechnologiesInc lagged returns against current returns
Autocorrelation, which is Palantir TechnologiesInc 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 TechnologiesInc's stock expected returns. We can calculate the autocorrelation of Palantir TechnologiesInc returns to help us make a trade decision. For example, suppose you find that Palantir TechnologiesInc 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 TechnologiesInc 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 TechnologiesInc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Palantir TechnologiesInc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Palantir TechnologiesInc stock over time.
Current vs Lagged Prices |
| Timeline |
Palantir TechnologiesInc Lagged Returns
When evaluating Palantir TechnologiesInc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Palantir TechnologiesInc stock have on its future price. Palantir TechnologiesInc 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 TechnologiesInc autocorrelation shows the relationship between Palantir TechnologiesInc stock current value and its past values and can show if there is a momentum factor associated with investing in Palantir TechnologiesInc.
Regressed Prices |
| Timeline |
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Complementary Tools for Palantir Stock analysis
When running Palantir TechnologiesInc's price analysis, check to measure Palantir TechnologiesInc's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Palantir TechnologiesInc is operating at the current time. Most of Palantir TechnologiesInc's value examination focuses on studying past and present price action to predict the probability of Palantir TechnologiesInc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Palantir TechnologiesInc's price. Additionally, you may evaluate how the addition of Palantir TechnologiesInc to your portfolios can decrease your overall portfolio volatility.
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Palantir TechnologiesInc technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.