Servicenow Stock Performance

NOW
 Stock
  

USD 507.52  8.68  1.68%   

On a scale of 0 to 100, Servicenow holds a performance score of 5. The entity has a beta of 1.8912, which indicates a somewhat significant risk relative to the market. Let's try to break down what Servicenow's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Servicenow will likely underperform. Although it is vital to follow Servicenow current price movements, it is good to be conservative about what you can do with the information regarding equity historical returns. The philosophy towards measuring future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By inspecting Servicenow technical indicators, you can presently evaluate if the expected return of 0.27% will be sustainable into the future. Please operates Servicenow total risk alpha, downside variance, as well as the relationship between the Downside Variance and daily balance of power to make a quick decision on whether Servicenow existing price patterns will revert.
  
Servicenow Performance
5 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in Servicenow are ranked lower than 5 (%) of all global equities and portfolios over the last 90 days. In spite of fairly unsteady basic indicators, Servicenow showed solid returns over the last few months and may actually be approaching a breakup point. ...more

Servicenow Price Channel

Quick Ratio0.99
Fifty Two Week Low406.47
Target High Price850.00
Fifty Two Week High707.60
Target Low Price390.00

Servicenow Relative Risk vs. Return Landscape

If you would invest  45,265  in Servicenow on May 13, 2022 and sell it today you would earn a total of  6,182  from holding Servicenow or generate 13.66% return on investment over 90 days. Servicenow is generating 0.2743% of daily returns assuming volatility of 3.6763% on return distribution over 90 days investment horizon. In other words, 31% of stocks are less volatile than Servicenow, and above 95% of all equities are expected to generate higher returns over the next 90 days.
  Daily Expected Return (%)  
       Risk (%)  
Considering the 90-day investment horizon Servicenow is expected to generate 2.9 times more return on investment than the market. However, the company is 2.9 times more volatile than its market benchmark. It trades about 0.07 of its potential returns per unit of risk. The DOW is currently generating roughly 0.06 per unit of risk.

Servicenow Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Servicenow's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Servicenow, and traders can use it to determine the average amount a Servicenow's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.0746

Best
Portfolio
Best
Equity
Good Returns
Average Returns
Small ReturnsNOW
CashSmall
Risk
Average
Risk
High
Risk
Huge
Risk
Negative Returns
Estimated Market Risk
 3.68
  actual daily
 
 31 %
of total potential
 
3131
Expected Return
 0.27
  actual daily
 
 5 %
of total potential
 
55
Risk-Adjusted Return
 0.07
  actual daily
 
 5 %
of total potential
 
55
Based on monthly moving average Servicenow is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Servicenow by adding it to a well-diversified portfolio.

About Servicenow Performance

To evaluate Servicenow Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Servicenow generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Servicenow Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Servicenow stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents Servicenow's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Effect of Exchange Rate Changes on Cash28.8 M31.1 M
Return on Investment 5.27  5.69 
Return on Average Assets 2.36  2.55 
Return on Average Equity 7.04  7.60 
Return on Invested Capital 0.0483  0.05 
Return on Sales 0.046  0.0496 
ServiceNow, Inc. provides enterprise cloud computing solutions that defines, structures, consolidates, manages, and automates services for enterprises worldwide. The company was founded in 2004 and is headquartered in Santa Clara, California. Servicenow operates under SoftwareApplication classification in the United States and is traded on New York Stock Exchange. It employs 16881 people.

Things to note about Servicenow

Checking the ongoing alerts about Servicenow for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Servicenow help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Servicenow Alerts

Equity Alerts and Improvement Suggestions

Servicenow has very high historical volatility over the last 90 days
Servicenow is unlikely to experience financial distress in the next 2 years
Over 90.0% of the company shares are owned by institutional investors
Latest headline from money.yahoo.com: ServiceNow CEO explains the biggest difference between running a company in Europe and the U.S. - Yahoo Money
Additionally, see Stocks Correlation. Note that the Servicenow information on this page should be used as a complementary analysis to other Servicenow's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

Complementary Tools for Servicenow Stock analysis

When running Servicenow 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 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.
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Go
Earnings Calls
Check upcoming earnings announcements updated hourly across public exchanges
Go
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.
Go
Technical Analysis
Check basic technical indicators and analysis based on most latest market data
Go
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Is Servicenow's industry 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 YOY
-0.66
Market Capitalization
105.5 B
Quarterly Revenue Growth YOY
0.24
Return On Assets
0.0134
Return On Equity
0.0493
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 Servicenow value 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.