Risk decomposition
PLTR
Market → sector → subsector → α-residual · 2026-03-16 → 2026-09-03
Market
+32.3%
Sector
+23.9%
Subsector
-4.8%
α residual
-31.6%
Stock
+19.7%
Every position carries the market, its sector, and its subsector before any stock-specific move. The waterfall splits PLTR's realized return into those benchmark layers; the α residual is what the three hedge layers do not explain.
source: RiskModels — GET /ticker-returns?ticker=PLTR&years=1