Servicenow Stock Market Value
| NOW Stock | USD 1,031 18.33 1.81% |
| Symbol | ServiceNow |
ServiceNow Price To Book Ratio
Is Systems Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ServiceNow. If investors know ServiceNow will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ServiceNow listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.769 | Earnings Share 6.89 | Revenue Per Share | Quarterly Revenue Growth 0.222 | Return On Assets |
The market value of ServiceNow is measured differently than its book value, which is the value of ServiceNow that is recorded on the company's balance sheet. Investors also form their own opinion of ServiceNow's value that differs from its market value or its book value, called intrinsic value, which is ServiceNow's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ServiceNow's market value can be influenced by many factors that don't directly affect ServiceNow's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ServiceNow's value and its price as these two are different measures arrived at by different means. Investors typically determine if ServiceNow is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ServiceNow's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
ServiceNow 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to ServiceNow's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of ServiceNow.
| 01/01/2025 |
| 01/31/2025 |
If you would invest 0.00 in ServiceNow on January 1, 2025 and sell it all today you would earn a total of 0.00 from holding ServiceNow or generate 0.0% return on investment in ServiceNow over 30 days. ServiceNow is related to or competes with Autodesk, Intuit, Zoom Video, Snowflake, Workday, Shopify, and C3 Ai. ServiceNow, Inc. provides enterprise cloud computing solutions that defines, structures, consolidates, manages, and auto... More
ServiceNow Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure ServiceNow's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess ServiceNow upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.7 | |||
| Information Ratio | 0.0054 | |||
| Maximum Drawdown | 11.04 | |||
| Value At Risk | (2.68) | |||
| Potential Upside | 2.58 |
ServiceNow Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ServiceNow's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ServiceNow's standard deviation. In reality, there are many statistical measures that can use ServiceNow historical prices to predict the future ServiceNow's volatility.| Risk Adjusted Performance | 0.048 | |||
| Jensen Alpha | 0.0552 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.0045 | |||
| Treynor Ratio | 0.1957 |
ServiceNow Backtested Returns
At this stage we consider ServiceNow Stock to be very steady. ServiceNow owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0546, which indicates the firm had a 0.0546 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for ServiceNow, which you can use to evaluate the volatility of the company. Please validate ServiceNow's Risk Adjusted Performance of 0.048, semi deviation of 2.47, and Coefficient Of Variation of 2002.08 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. ServiceNow has a performance score of 4 on a scale of 0 to 100. The entity has a beta of 0.52, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, ServiceNow's returns are expected to increase less than the market. However, during the bear market, the loss of holding ServiceNow is expected to be smaller as well. ServiceNow right now has a risk of 2.35%. Please validate ServiceNow downside variance, as well as the relationship between the daily balance of power and period momentum indicator , to decide if ServiceNow will be following its existing price patterns.
Auto-correlation | -0.54 |
Good reverse predictability
ServiceNow has good reverse predictability. Overlapping area represents the amount of predictability between ServiceNow time series from 1st of January 2025 to 16th of January 2025 and 16th of January 2025 to 31st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ServiceNow price movement. The serial correlation of -0.54 indicates that about 54.0% of current ServiceNow price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 2061.02 |
ServiceNow lagged returns against current returns
Autocorrelation, which is ServiceNow stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting ServiceNow's stock expected returns. We can calculate the autocorrelation of ServiceNow returns to help us make a trade decision. For example, suppose you find that ServiceNow has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
ServiceNow regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If ServiceNow stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ServiceNow stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ServiceNow stock over time.
Current vs Lagged Prices |
| Timeline |
ServiceNow Lagged Returns
When evaluating ServiceNow's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ServiceNow stock have on its future price. ServiceNow autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, ServiceNow autocorrelation shows the relationship between ServiceNow stock current value and its past values and can show if there is a momentum factor associated with investing in ServiceNow.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for ServiceNow Stock Analysis
When running ServiceNow's price analysis, check to measure ServiceNow's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ServiceNow is operating at the current time. Most of ServiceNow's value examination focuses on studying past and present price action to predict the probability of ServiceNow's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ServiceNow's price. Additionally, you may evaluate how the addition of ServiceNow to your portfolios can decrease your overall portfolio volatility.