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
- $131.08
- Market cap
- $337.3B
- 23-day vol
- 58.7%
- Sector proxy
- XLK
- Subsector proxy
- IGV
Risk DNA
40% of PLTR's variance is systematic (explainable by market, sector, and subsector factors); the rest is stock-specific.
Market 17.0%Sector 4.1%Subsector 19.1%Stock-specific 59.8%
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 | $-1.76 | — | — | 17.0% |
| L2 | $-0.20 | $-0.97 | — | 21.1% |
| L3 | $-0.77 | $0.05 | $-0.87 | 40.2% |
Data as of June 12, 2026. Updated daily from the ERM3 pipeline.
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