With Instrument Explorer, Palantir Finance presents a revolutionary method for working with all of the instruments in the financial universe in a unified, flexible manner. Access all of your instruments in the same application, applying intuitive, yet powerful filters to select the group of instruments that match your specific criteria. Once the criteria are set, scroll backward and forward through time to examine how the composition of the group changes, or export the group to another application to monitor, share, and develop your ideas further.
Palantir Finance offers a wide selection of built-in filters to select instruments by various criteria. Distill the financial universe into categorical groups, such as sector, asset class, or country. Or, use a numerical metric, such as volatility, month-on-month returns, financial leverage; the values of the metric are shown in a histogram, allowing you to select your desired range or percentile while seeing a visualization of the values of the metric across the entire universe. What's more, adding custom filters is easy thanks to our programmer-friendly API.
Repeating the analysis at different points in time is as easy as entering a new date into the chooser on the application window. All of the filters will recalculate and, using the same criteria that was selected before, determine the members of the group as of the specified date and time.
In addition to being a great application for investigating your universe of instruments, Instrument Explorer is also a fundamental building block that allows you to reuse its logic throughout Palantir Finance. Use the Index application to build an index that rebalances itself according to the criteria specified by the instrument group, or create a backtest in the Strategy application that checks all of the members of the instrument group at each point in time, entering a trade with a particular instrument when it triggers your set of indicators. Or simply export the group to a table in your dashboard, monitoring the instruments as they dynamically update throughout the day.