CAG vs PLTR: Correlation
Measured on weekly returns over the past three years, ConAgra Brands, Inc. (CAG) and Palantir Technologies (PLTR) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CAG and PLTR?
Over the past 3 years, CAG 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 tighter link (-0.09) than the 3-year average (-0.21). Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -360.6 %².
Within CAG's tracked universe of 34 assets, PLTR comes in at #25 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PLTR outperformed by 28.4 percentage points (-9.8% for CAG against +18.6% for PLTR). Note the risk asymmetry: PLTR runs 2.9 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.
CAG vs PLTR: side by side
| CAG (ConAgra Brands, Inc.) | PLTR (Palantir Technologies) | |
|---|---|---|
| 1-year return | -9.8% | +18.6% |
| 5-year return | -36.6% | +621.8% |
| Volatility (ann.) | 24.2% | 71.3% |
| Beta vs S&P 500 | -0.05 | 2.47 |
| Max drawdown (3Y) | -56.7% | -48.2% |
| Market cap | $7.7B | $446.8B |
| P/E (trailing) | – | 151.2 |
| Dividend yield | 8.65% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | CAG | PLTR |
|---|---|---|
| 2022 | +17.5% | -64.7% |
| 2023 | -22.8% | +167.4% |
| 2024 | +1.5% | +340.5% |
| 2025 | -33.3% | +135.0% |
| 2026 | -2.1% | +4.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CAG and PLTR good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CAG and PLTR?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.09 over the last year and -0.13 over 5 years.
Is PLTR a good diversifier for CAG?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 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.
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Related comparisons
Hubs: CAG correlations · PLTR correlations
