PLTR (PLTR)
Daily ERM3 factor decomposition: how much of PLTR's variance is explained by the market, its sector, and its subsector — and the ETF notionals that would neutralize each layer.
- Price
- $132.66
- Market cap
- $318.0B
- 23-day vol
- 52.9%
- Sector proxy
- XLK
- Subsector proxy
- IGV
Risk DNA
45% of PLTR's variance is systematic (explainable by market, sector, and subsector factors); the rest is stock-specific.
Market 17.6%Sector 1.7%Subsector 26.0%Stock-specific 54.6%
ETF hedge ratios
Dollars of ETF to short per $1 of PLTR held — executable hedge weights, not regression betas. L1 hedges market only; L3 adds sector and subsector layers.
| Level | Market (SPY) | Sector (XLK) | Subsector (IGV) | Explained risk |
|---|---|---|---|---|
| L1 | $-1.68 | — | — | 17.6% |
| L2 | $-1.02 | $-0.39 | — | 19.4% |
| L3 | $-1.16 | $0.27 | $-0.84 | 45.4% |
Data as of July 22, 2026. Updated daily from the ERM3 pipeline.
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