Servicenow Cdr Stock Market Value
| NOWS Stock | 17.38 0.39 2.19% |
| Symbol | ServiceNow |
ServiceNow CDR '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 CDR'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 CDR.
| 12/15/2025 |
| 01/14/2026 |
If you would invest 0.00 in ServiceNow CDR on December 15, 2025 and sell it all today you would earn a total of 0.00 from holding ServiceNow CDR or generate 0.0% return on investment in ServiceNow CDR over 30 days. ServiceNow CDR is related to or competes with Super Micro, Nicola Mining, Visionary Copper, Data Communications, Cogeco Communications, and Perseus Mining. ServiceNow CDR is entity of Canada. It is traded as Stock on NEO exchange. More
ServiceNow CDR 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 CDR'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 CDR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 14.51 | |||
| Value At Risk | (3.32) | |||
| Potential Upside | 2.17 |
ServiceNow CDR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ServiceNow CDR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ServiceNow CDR's standard deviation. In reality, there are many statistical measures that can use ServiceNow CDR historical prices to predict the future ServiceNow CDR's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.44) | |||
| Total Risk Alpha | (0.76) | |||
| Treynor Ratio | (7.83) |
ServiceNow CDR Backtested Returns
ServiceNow CDR owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.21, which indicates the firm had a -0.21 % return per unit of risk over the last 3 months. ServiceNow CDR exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate ServiceNow CDR's Variance of 4.49, risk adjusted performance of (0.13), and Coefficient Of Variation of (504.64) to confirm the risk estimate we provide. The entity has a beta of 0.0549, which indicates not very significant fluctuations relative to the market. As returns on the market increase, ServiceNow CDR's returns are expected to increase less than the market. However, during the bear market, the loss of holding ServiceNow CDR is expected to be smaller as well. At this point, ServiceNow CDR has a negative expected return of -0.45%. Please make sure to validate ServiceNow CDR's maximum drawdown, skewness, accumulation distribution, as well as the relationship between the potential upside and kurtosis , to decide if ServiceNow CDR performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.30 |
Below average predictability
ServiceNow CDR has below average predictability. Overlapping area represents the amount of predictability between ServiceNow CDR time series from 15th of December 2025 to 30th of December 2025 and 30th of December 2025 to 14th of January 2026. 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 CDR price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current ServiceNow CDR price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.44 |
ServiceNow CDR lagged returns against current returns
Autocorrelation, which is ServiceNow CDR 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 CDR's stock expected returns. We can calculate the autocorrelation of ServiceNow CDR returns to help us make a trade decision. For example, suppose you find that ServiceNow CDR 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 CDR 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 CDR stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ServiceNow CDR stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ServiceNow CDR stock over time.
Current vs Lagged Prices |
| Timeline |
ServiceNow CDR Lagged Returns
When evaluating ServiceNow CDR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ServiceNow CDR stock have on its future price. ServiceNow CDR 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 CDR autocorrelation shows the relationship between ServiceNow CDR stock current value and its past values and can show if there is a momentum factor associated with investing in ServiceNow CDR.
Regressed Prices |
| Timeline |
Pair Trading with ServiceNow CDR
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ServiceNow CDR position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ServiceNow CDR will appreciate offsetting losses from the drop in the long position's value.Moving together with ServiceNow Stock
Moving against ServiceNow Stock
| 0.67 | CCA | Cogeco Communications | PairCorr |
| 0.66 | LUG | Lundin Gold | PairCorr |
| 0.65 | VWA | VOLKSWAGEN CDR | PairCorr |
| 0.62 | ELD | Eldorado Gold Corp | PairCorr |
| 0.6 | UPS | UPS CDR | PairCorr |
The ability to find closely correlated positions to ServiceNow CDR could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ServiceNow CDR when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ServiceNow CDR - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ServiceNow CDR to buy it.
The correlation of ServiceNow CDR is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ServiceNow CDR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ServiceNow CDR moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ServiceNow CDR can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in ServiceNow Stock
ServiceNow CDR financial ratios help investors to determine whether ServiceNow Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in ServiceNow with respect to the benefits of owning ServiceNow CDR security.