ServiceNow Correlations

NOW Stock

USD 103.64 0.58 0.56%

Correlations tend to spike during dislocations, so the stock's calm-market pairing may not hold under stress. The current 90-days correlation between ServiceNow and Intuit Inc is 0.73 (i.e., Poor diversification).

ServiceNow vs Market Correlation

Very good diversification

Across the chosen horizon, ServiceNow and Dow Jones show a correlation of 0.08 and fall into the Very good diversification bucket. This chart helps evaluate whether adding Dow Jones genuinely reduces risk relative to holding ServiceNow alone.

Build portfolio with ServiceNow Stock

ServiceNow has a market cap of 108.74 B, operating margin of 16.51%, current ratio of 1.24. Review Correlation Analysis for a broader allocation view. ServiceNow can be tracked within a custom portfolio for ongoing monitoring. Watchlist features allow monitoring without committing to a position. Broader economic conditions can influence ServiceNow's company valuation — related indicators include signals in metropolitan statistical area.

Read more about ServiceNow Stock in our How to Buy ServiceNow Stock guide. It covers account setup, order types, and timing considerations for ServiceNow. It serves as a practical starting point for ServiceNow Stock research.

Moving together with ServiceNow Stock

0.85	S	SentinelOne	Pair Corr
0.86	VRNS	Varonis Systems	Pair Corr
0.82	FROG	Jfrog Tech Boost	Pair Corr
0.83	FUBO	Fubotv Inc	Pair Corr
0.86	RPD	Rapid7 Inc	Pair Corr
0.63	TLS	Telos Corp	Pair Corr
0.75	GTLB	Gitlab Inc	Pair Corr
0.74	INTZ	Intrusion	Pair Corr
0.8	IVDA	Iveda Solutions	Pair Corr
0.93	MSFT	Microsoft	Pair Corr
0.92	ORCL	Oracle	Pair Corr
0.93	PATH	Uipath Inc	Pair Corr
0.93	PLTR	Palantir Technologies	Pair Corr
0.72	CHKP	Check Point Software	Pair Corr
0.77	CRNC	Cerence	Pair Corr
0.88	CVLT	CommVault Systems	Pair Corr
0.72	AMZN	Amazon Inc	Pair Corr
0.62	JD	JD Inc Adr Aggressive Push	Pair Corr
0.74	ACN	Accenture plc	Pair Corr

Moving Against ServiceNow Stock

0.7	OS	OneStream Class A	Pair Corr
0.65	ATEN	A10 Network	Pair Corr
0.36	DTSS	Datasea	Pair Corr
0.91	CRNCY	Capricorn Energy PLC	Pair Corr
0.9	SMEGF	Siemens Energy AG	Pair Corr
0.89	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.88	WABC	Westamerica Bancorporation	Pair Corr
0.86	REMI	Remedent	Pair Corr
0.7	KLKBY	Kuala Lumpur Kepong	Pair Corr
0.57	EDRY	EuroDry Downward Rally	Pair Corr
0.41	AMPE	Ampio Pharm	Pair Corr
0.35	ULGX	Urologix	Pair Corr
0.32	SAR	Saratoga Investment Corp	Pair Corr

Related Correlations Analysis

	INTU	APP	UBER	SHOP	AMAT	ANET	QCOM	CRM	LRCX	PANW
INTU		0.96	0.82	0.95	-0.89	-0.24	0.89	0.98	-0.79	0.9	INTU
APP	0.96		0.77	0.97	-0.83	-0.22	0.87	0.95	-0.77	0.85	APP
UBER	0.82	0.77		0.79	-0.68	-0.24	0.81	0.81	-0.44	0.87	UBER
SHOP	0.95	0.97	0.79		-0.8	-0.28	0.91	0.96	-0.72	0.85	SHOP
AMAT	-0.89	-0.83	-0.68	-0.8		0.21	-0.82	-0.87	0.88	-0.81	AMAT
ANET	-0.24	-0.22	-0.24	-0.28	0.21		-0.3	-0.25	0.33	-0.07	ANET
QCOM	0.89	0.87	0.81	0.91	-0.82	-0.3		0.94	-0.64	0.79	QCOM
CRM	0.98	0.95	0.81	0.96	-0.87	-0.25	0.94		-0.76	0.88	CRM
LRCX	-0.79	-0.77	-0.44	-0.72	0.88	0.33	-0.64	-0.76		-0.61	LRCX
PANW	0.9	0.85	0.87	0.85	-0.81	-0.07	0.79	0.88	-0.61		PANW
	INTU	APP	UBER	SHOP	AMAT	ANET	QCOM	CRM	LRCX	PANW

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

CRM	+ 0.98	INTU
SHOP	+ 0.97	APP
APP	+ 0.96	INTU
CRM	+ 0.96	SHOP
SHOP	+ 0.95	INTU
CRM	+ 0.95	APP

High negative correlations

AMAT	- 0.89	INTU
CRM	- 0.87	AMAT
AMAT	- 0.83	APP
QCOM	- 0.82	AMAT
PANW	- 0.81	AMAT
AMAT	- 0.8	SHOP

Risk-Adjusted Indicators

Evaluating ServiceNow Stock requires separating price momentum from underlying operating strength versus competitors. Peer-relative risk metrics add context on drawdown behavior, consistency, and return quality. These indicators are quantitative in nature and help investors evaluate volatility and risk-adjusted expected returns across different positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
INTU	2.37	-0.58	0.00	-1.23	0.00	0.00	3.70	-5.52	15.22
APP	4.13	-0.60	0.00	-0.37	0.00	0.00	7.44	-10.41	32.87
UBER	1.55	-0.16	0.00	0.26	0.00	0.00	3.18	-3.60	11.09
SHOP	2.87	-0.38	0.00	-0.28	0.00	0.00	5.73	-7.07	15.50
AMAT	2.51	0.61	0.15	0.24	3.13	-2.58	5.75	-5.60	14.36
ANET	2.70	0.06	0.00	-0.04	0.00	0.00	5.41	-4.67	15.27
QCOM	1.34	-0.48	0.00	0.59	0.00	0.00	1.78	-3.35	11.94
CRM	1.88	-0.44	0.00	-0.88	0.00	0.00	3.41	-6.09	10.53
LRCX	2.92	0.55	0.12	0.16	3.57	-3.13	6.99	-5.94	17.49
PANW	1.67	-0.23	0.00	-0.87	0.00	0.00	3.15	-4.17	11.49

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