ServiceNow (Germany) Probability of Future Stock Price Finishing Over 756.92

4S0 Stock  EUR 1,097  5.00  0.46%   
ServiceNow's future price is the expected price of ServiceNow instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of ServiceNow performance during a given time horizon utilizing its historical volatility. Check out ServiceNow Backtesting, ServiceNow Valuation, ServiceNow Correlation, ServiceNow Hype Analysis, ServiceNow Volatility, ServiceNow History as well as ServiceNow Performance.
For more detail on how to invest in ServiceNow Stock please use our How to Invest in ServiceNow guide.
  
Please specify ServiceNow's target price for which you would like ServiceNow odds to be computed.

ServiceNow Target Price Odds to finish over 756.92

The tendency of ServiceNow Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to stay above € 756.92  in 90 days
 1,097 90 days 756.92 
under 95
Based on a normal probability distribution, the odds of ServiceNow to stay above € 756.92  in 90 days from now is under 95 (This ServiceNow probability density function shows the probability of ServiceNow Stock to fall within a particular range of prices over 90 days) . Probability of ServiceNow price to stay between € 756.92  and its current price of €1096.6 at the end of the 90-day period is about 92.97 .
Assuming the 90 days horizon ServiceNow has a beta of 0.37. This suggests as returns on the market go up, ServiceNow average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding ServiceNow will be expected to be much smaller as well. Additionally ServiceNow has an alpha of 0.4496, implying that it can generate a 0.45 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta).
   ServiceNow Price Density   
       Price  

Predictive Modules for ServiceNow

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ServiceNow. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Hype
Prediction
LowEstimatedHigh
1,0951,0971,098
Details
Intrinsic
Valuation
LowRealHigh
986.941,2021,203
Details
Naive
Forecast
LowNextHigh
1,1131,1151,117
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
801.80959.231,117
Details

ServiceNow Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. ServiceNow is not an exception. The market had few large corrections towards the ServiceNow's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold ServiceNow, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ServiceNow within the framework of very fundamental risk indicators.
α
Alpha over Dow Jones
0.45
β
Beta against Dow Jones0.37
σ
Overall volatility
91.23
Ir
Information ratio 0.22

ServiceNow Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of ServiceNow for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for ServiceNow can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Over 92.0% of the company shares are owned by institutions such as pension funds

ServiceNow Price Density Drivers

Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of ServiceNow Stock often depends not only on the future outlook of the current and potential ServiceNow's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. ServiceNow's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding202.9 M

ServiceNow Technical Analysis

ServiceNow's future price can be derived by breaking down and analyzing its technical indicators over time. ServiceNow Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ServiceNow. In general, you should focus on analyzing ServiceNow Stock price patterns and their correlations with different microeconomic environments and drivers.

ServiceNow Predictive Forecast Models

ServiceNow's time-series forecasting models is one of many ServiceNow's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary ServiceNow's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

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.
Over 92.0% of the company shares are owned by institutions such as pension funds

Additional Information and Resources on Investing in ServiceNow Stock

When determining whether ServiceNow is a strong investment it is important to analyze ServiceNow's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ServiceNow's future performance. For an informed investment choice regarding ServiceNow Stock, refer to the following important reports:
Check out ServiceNow Backtesting, ServiceNow Valuation, ServiceNow Correlation, ServiceNow Hype Analysis, ServiceNow Volatility, ServiceNow History as well as ServiceNow Performance.
For more detail on how to invest in ServiceNow Stock please use our How to Invest in ServiceNow guide.
You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
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.