ServiceNow Stock Forecast - Risk Adjusted Performance
| NOW Stock | USD 736.45 8.33 1.12% |
ServiceNow Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast ServiceNow stock prices and determine the direction of ServiceNow's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of ServiceNow's historical fundamentals, such as revenue growth or operating cash flow patterns. Although ServiceNow's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of ServiceNow's systematic risk associated with finding meaningful patterns of ServiceNow fundamentals over time.
Check out Historical Fundamental Analysis of ServiceNow to cross-verify your projections. ServiceNow |
Open Interest Against 2024-04-19 ServiceNow Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast ServiceNow's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in ServiceNow's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for ServiceNow stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current ServiceNow's open interest, investors have to compare it to ServiceNow's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of ServiceNow is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in ServiceNow. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in ServiceNow cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the ServiceNow's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets ServiceNow's price structures and extracts relationships that further increase the generated results' accuracy.
| Check ServiceNow Volatility | Backtest ServiceNow | Information Ratio |
ServiceNow Trading Date Momentum
| On April 18 2024 ServiceNow was traded for 736.45 at the closing time. Highest ServiceNow's price during the trading hours was 748.99 and the lowest price during the day was 734.95 . There was no trading activity during the period 0.0. Lack of trading volume on the 18th of April 2024 did not result in any price rise and fall. The trading price change to current price is 1.40% . |
| Compare ServiceNow to competition |
Other Forecasting Options for ServiceNow
For every potential investor in ServiceNow, whether a beginner or expert, ServiceNow's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ServiceNow Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ServiceNow. Basic forecasting techniques help filter out the noise by identifying ServiceNow's price trends.ServiceNow Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with ServiceNow stock to make a market-neutral strategy. Peer analysis of ServiceNow could also be used in its relative valuation, which is a method of valuing ServiceNow by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
ServiceNow Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of ServiceNow's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of ServiceNow's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
ServiceNow Market Strength Events
Market strength 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 undertsting and applying ServiceNow stock market strength indicators, traders can identify ServiceNow entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0187 | |||
| Daily Balance Of Power | (0.59) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 741.97 | |||
| Day Typical Price | 740.13 | |||
| Market Facilitation Index | 14.04 | |||
| Price Action Indicator | (9.68) | |||
| Period Momentum Indicator | (8.33) | |||
| Relative Strength Index | 44.66 |
ServiceNow Risk Indicators
The analysis of ServiceNow's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in ServiceNow's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting servicenow stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.28 | |||
| Semi Deviation | 2.06 | |||
| Standard Deviation | 1.77 | |||
| Variance | 3.14 | |||
| Downside Variance | 4.44 | |||
| Semi Variance | 4.23 | |||
| Expected Short fall | (1.11) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
ServiceNow Investors Sentiment
The influence of ServiceNow's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in ServiceNow. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to ServiceNow's public news can be used to forecast risks associated with an investment in ServiceNow. The trend in average sentiment can be used to explain how an investor holding ServiceNow can time the market purely based on public headlines and social activities around ServiceNow. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
ServiceNow's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for ServiceNow's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average ServiceNow's news discussions. The higher the estimated score, the more favorable is the investor's outlook on ServiceNow.
ServiceNow Implied Volatility | 68.45 |
ServiceNow's implied volatility exposes the market's sentiment of ServiceNow stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if ServiceNow's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that ServiceNow stock will not fluctuate a lot when ServiceNow's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ServiceNow in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ServiceNow's short interest history, or implied volatility extrapolated from ServiceNow options trading.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of ServiceNow to cross-verify your projections. For more information on how to buy ServiceNow Stock please use our How to Invest in ServiceNow guide.You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Complementary 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.
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| 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 | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk |
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 0.927 | Earnings Share 8.42 | Revenue Per Share 43.946 | Quarterly Revenue Growth 0.256 | Return On Assets 0.031 |
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.