Palantir Technologies Stock Forecast - Daily Balance Of Power
| PLTR Stock | USD 64.35 2.99 4.87% |
Palantir Stock Forecast is based on your current time horizon. Although Palantir Technologies' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Palantir Technologies' systematic risk associated with finding meaningful patterns of Palantir Technologies fundamentals over time.
Palantir |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 0.3267 | 0.6943 |
| Check Palantir Technologies Volatility | Backtest Palantir Technologies | Trend Details |
Palantir Technologies Trading Date Momentum
| On November 06 2024 Palantir Technologies was traded for 55.53 at the closing time. The top price for the day was 55.69 and the lowest listed price was 51.61 . The trading volume for the day was 113.4 M. The trading history from November 6, 2024 was a factor to the next trading day price gain. The trading delta at closing time against the next closing price was 8.61% . The trading delta at closing time against the current closing price is 17.60% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
| Compare Palantir Technologies to competition |
Other Forecasting Options for Palantir Technologies
For every potential investor in Palantir, whether a beginner or expert, Palantir Technologies' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Palantir Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Palantir. Basic forecasting techniques help filter out the noise by identifying Palantir Technologies' price trends.Palantir Technologies Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Palantir Technologies stock to make a market-neutral strategy. Peer analysis of Palantir Technologies could also be used in its relative valuation, which is a method of valuing Palantir Technologies by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Palantir Technologies Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Palantir Technologies' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Palantir Technologies' current price.| Cycle Indicators | ||
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| Overlap Studies | ||
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| Volume Indicators |
Palantir Technologies Market Strength Events
Market strength indicators help investors to evaluate how Palantir Technologies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Palantir Technologies shares will generate the highest return on investment. By undertsting and applying Palantir Technologies stock market strength indicators, traders can identify Palantir Technologies entry and exit signals to maximize returns.
Palantir Technologies Risk Indicators
The analysis of Palantir Technologies' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Palantir Technologies' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting palantir stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 2.61 | |||
| Semi Deviation | 1.51 | |||
| Standard Deviation | 4.3 | |||
| Variance | 18.5 | |||
| Downside Variance | 5.39 | |||
| Semi Variance | 2.29 | |||
| Expected Short fall | (3.18) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with Palantir Technologies
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Palantir Technologies position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Palantir Technologies will appreciate offsetting losses from the drop in the long position's value.Moving together with Palantir Stock
Moving against Palantir Stock
| 0.91 | VHAI | VHAI | PairCorr |
| 0.79 | VRAR | Glimpse Group | PairCorr |
| 0.75 | MQ | Marqeta | PairCorr |
| 0.57 | FAAS | DigiAsia Corp Symbol Change | PairCorr |
| 0.52 | VRNT | Verint Systems | PairCorr |
The ability to find closely correlated positions to Palantir Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Palantir Technologies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Palantir Technologies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Palantir Technologies to buy it.
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Palantir Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Palantir Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Palantir Technologies can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Palantir Stock Analysis
When running Palantir Technologies' price analysis, check to measure Palantir Technologies' 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 Technologies is operating at the current time. Most of Palantir Technologies' value examination focuses on studying past and present price action to predict the probability of Palantir Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Palantir Technologies' price. Additionally, you may evaluate how the addition of Palantir Technologies to your portfolios can decrease your overall portfolio volatility.