COHR vs PLTR: Correlation
Measured on weekly returns over the past three years, Coherent Corp. (COHR) and Palantir Technologies (PLTR) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COHR and PLTR?
Across a 3-year window, the weekly returns of COHR and PLTR correlate at 0.48, moderate. The past 12 months show a weaker link (0.23) than the 3-year average (0.48). Stretching to 5 years gives 0.47, with an annualized covariance of 2240.2 %².
Within COHR's tracked universe of 41 assets, PLTR comes in at #25 by 3-year correlation. Correlation aside, the last 12 months split them widely, with COHR ahead by 207.0 points (+225.6% versus +18.6%). This link changes with the market regime, having swung between -0.02 and 0.72 on a rolling one-year basis.
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.
COHR vs PLTR: side by side
| COHR (Coherent Corp.) | PLTR (Palantir Technologies) | |
|---|---|---|
| 1-year return | +225.6% | +18.6% |
| 5-year return | +368.6% | +621.8% |
| Volatility (ann.) | 65.0% | 71.3% |
| Beta vs S&P 500 | 2.76 | 2.47 |
| Max drawdown (3Y) | -54.8% | -48.2% |
| Market cap | $57.8B | $446.8B |
| P/E (trailing) | 71.4 | 151.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | COHR | PLTR |
|---|---|---|
| 2022 | -48.6% | -64.7% |
| 2023 | +24.0% | +167.4% |
| 2024 | +117.6% | +340.5% |
| 2025 | +94.8% | +135.0% |
| 2026 | +60.0% | +4.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COHR and PLTR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between COHR and PLTR?
The COHR/PLTR correlation stands at 0.48 on a 3-year window (1 year: 0.23, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is PLTR a good diversifier for COHR?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: COHR correlations · PLTR correlations
