Servicenow Stock Alpha and Beta Analysis

NOW
 Stock
  

USD 487.46  7.49  1.51%   

This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Servicenow. It also helps investors analyze the systematic and unsystematic risks associated with investing in Servicenow over a specified time horizon. Remember, high Servicenow's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation.
Additionally, see Servicenow Backtesting, Servicenow Valuation, Servicenow Correlation, Servicenow Hype Analysis, Servicenow Volatility, Servicenow History and analyze Servicenow Performance.
  
Please note that although Servicenow alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., DOW index.) So in this particular case, Servicenow did 0.15  better than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Servicenow stock's relative risk over its benchmark. Servicenow has a beta of 1.86  . 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.
Servicenow Book Value per Share is fairly stable at the moment as compared to the past year. Servicenow reported Book Value per Share of 16.88 in 2021. Enterprise Value over EBIT is likely to climb to 738.27 in 2022, whereas Price to Book Value is likely to drop 38.06 in 2022.
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.

Enterprise Value

134.31 Billion

Servicenow Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Servicenow market risk premium is the additional return an investor will receive from holding Servicenow long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Servicenow. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Servicenow's performance over market.
α0.15   β1.86
90 days against DJI

Servicenow expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Servicenow's Buy-and-hold return. Our buy-and-hold chart shows how Servicenow performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Servicenow Market Price Analysis

Market price analysis indicators help investors to evaluate how Servicenow stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Servicenow shares will generate the highest return on investment. By understating and applying Servicenow stock market price indicators, traders can identify Servicenow position entry and exit signals to maximize returns.

Servicenow Return and Market Media

The median price of Servicenow for the period between Wed, May 11, 2022 and Tue, Aug 9, 2022 is 456.74 with a coefficient of variation of 6.03. The daily time series for the period is distributed with a sample standard deviation of 27.76, arithmetic mean of 460.1, and mean deviation of 24.26. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
       Timeline  
1
Exercise or conversion by Gina Mastantuono of 227 shares of ...05/12/2022
2
Exercise or conversion by Paul Smith of 227 shares of Servic...05/16/2022
3
Exercise or conversion by Paul Smith of 721 shares of Servic...05/19/2022
4
Servicenow exotic insider transaction detected06/09/2022
5
Acquisition by Sukumar Rathnam of 660 shares of Servicenow s...06/13/2022
6
ServiceNow Inc. stock rises Wednesday, outperforms market - ...06/15/2022
7
EPS Estimate06/30/2022
8
Is Most-Watched Stock ServiceNow, Inc. Worth Betting on Now ...07/07/2022
9
Exercise or conversion by Gina Mastantuono of 1528 shares of...07/11/2022
10
CPI, Fake News, Markets, Amazon, Trading ServiceNow, Pepsi a...07/13/2022
11
The Zacks Analyst Blog Highlights Chevron, Adobe, Advanced M...07/20/2022
12
EPS Reported07/27/2022
13
SERVICENOW, INC. MANAGEMENTS DISCUSSION AND ANALYSIS OF FINA...07/28/2022
14
Sale by Canney Jacqueline P of 555 shares of Servicenow08/03/2022
15
Q2 Earnings Scorecard and Analyst Reports for Visa, Comcast ...08/04/2022
16
Servicenow exotic insider transaction detected08/05/2022
17
Balbix Announces New Integrations with ServiceNow to Further...08/08/2022

About Servicenow Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all equity instruments such as Ford or other stocks, funds, and ETFs. Alpha measures the amount that position in Servicenow has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
 2021 2022 (projected)
Long Term Debt to Equity0.40.41
Interest Coverage9.187.6

Servicenow Upcoming Company Events

As portrayed in its financial statements, the presentation of Servicenow's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Servicenow's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Servicenow's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Servicenow. Please utilize our Beneish M Score to check the likelihood of Servicenow's management manipulating its earnings.
Upcoming Quarterly Report26th of January 2022
Next Financial Report27th of April 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End26th of January 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

Build Portfolio with Servicenow

Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.

Build Diversified Portfolios

Align your risk with return expectations

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By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Additionally, see Servicenow Backtesting, Servicenow Valuation, Servicenow Correlation, Servicenow Hype Analysis, Servicenow Volatility, Servicenow History and analyze Servicenow Performance. 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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

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.
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Servicenow technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Servicenow technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Servicenow trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...