APP vs PLTR: Correlation
AppLovin (APP) and Palantir Technologies (PLTR) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APP and PLTR?
Across a 3-year window, the weekly returns of APP and PLTR correlate at 0.54, moderate. The past 12 months show a weaker link (0.44) than the 3-year average (0.54). Stretching to 5 years gives 0.52, with an annualized covariance of 3233.6 %².
By 3-year correlation, PLTR places #10 of the 44 assets tracked against APP. Correlation aside, the last 12 months split them widely, with PLTR ahead by 51.1 points (-32.5% versus +18.6%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.11 to 0.75.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
APP vs PLTR: side by side
| APP (AppLovin) | PLTR (Palantir Technologies) | |
|---|---|---|
| 1-year return | -32.5% | +18.6% |
| 5-year return | +326.5% | +621.8% |
| Volatility (ann.) | 84.3% | 71.3% |
| Beta vs S&P 500 | 3.10 | 2.47 |
| Max drawdown (3Y) | -59.3% | -48.2% |
| Market cap | $105.0B | $446.8B |
| P/E (trailing) | 23.7 | 151.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Communication Services | Information Technology |
Year-by-year returns
| Year | APP | PLTR |
|---|---|---|
| 2022 | -88.8% | -64.7% |
| 2023 | +278.4% | +167.4% |
| 2024 | +712.6% | +340.5% |
| 2025 | +108.1% | +135.0% |
| 2026 | -53.6% | +4.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APP and PLTR good diversifiers for each other?
Only partially. A correlation of 0.54 means APP and PLTR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between APP and PLTR?
As of 2026-08-27, the correlation of weekly returns between APP and PLTR is 0.54 over 3 years, 0.44 over 1 year and 0.52 over 5 years.
Is PLTR a good diversifier for APP?
Only partially. A correlation of 0.54 means APP and PLTR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/app-vs-pltr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/app-vs-pltr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: APP correlations · PLTR correlations
