AVA vs PLTR: Correlation
Avista Corporation (AVA) and Palantir Technologies (PLTR) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVA and PLTR?
Over the past 3 years, AVA and PLTR moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.48) than the 3-year average (-0.21). Over 5 years the correlation is -0.12, and the annualized covariance of weekly returns is -293.3 %².
Among the 20 assets we track against AVA, PLTR sits near the bottom by co-movement, at rank #17. On 12-month performance PLTR holds a 11.7-point edge, +6.9% against +18.6%. Note the risk asymmetry: PLTR runs 3.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AVA vs PLTR: side by side
| AVA (Avista Corporation) | PLTR (Palantir Technologies) | |
|---|---|---|
| 1-year return | +6.9% | +18.6% |
| 5-year return | +15.3% | +621.8% |
| Volatility (ann.) | 19.8% | 71.3% |
| Beta vs S&P 500 | 0.05 | 2.47 |
| Max drawdown (3Y) | -14.0% | -48.2% |
| Market cap | $3.2B | $446.8B |
| P/E (trailing) | 13.8 | 151.2 |
| Dividend yield | 5.15% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | AVA | PLTR |
|---|---|---|
| 2022 | +8.8% | -64.7% |
| 2023 | -15.3% | +167.4% |
| 2024 | +7.8% | +340.5% |
| 2025 | +10.7% | +135.0% |
| 2026 | +1.6% | +4.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVA and PLTR good diversifiers for each other?
Yes. With a correlation of -0.21, AVA and PLTR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AVA and PLTR?
As of 2026-08-27, the correlation of weekly returns between AVA and PLTR is -0.21 over 3 years, -0.48 over 1 year and -0.12 over 5 years.
Is PLTR a good diversifier for AVA?
Yes. With a correlation of -0.21, AVA and PLTR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: AVA correlations · PLTR correlations
