Makemytrip Limited Stock Market Value
| MMYT Stock | USD 114.11 0.14 0.12% |
| Symbol | MakeMyTrip |
MakeMyTrip Limited Price To Book Ratio
Is Hotels, Resorts & Cruise Lines space 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 MakeMyTrip. If investors know MakeMyTrip 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 MakeMyTrip 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 7.528 | Earnings Share 1.91 | Revenue Per Share 7.897 | Quarterly Revenue Growth 0.251 | Return On Assets 0.0324 |
The market value of MakeMyTrip Limited is measured differently than its book value, which is the value of MakeMyTrip that is recorded on the company's balance sheet. Investors also form their own opinion of MakeMyTrip's value that differs from its market value or its book value, called intrinsic value, which is MakeMyTrip'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 MakeMyTrip's market value can be influenced by many factors that don't directly affect MakeMyTrip'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 MakeMyTrip's value and its price as these two are different measures arrived at by different means. Investors typically determine if MakeMyTrip is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MakeMyTrip'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.
MakeMyTrip 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to MakeMyTrip's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of MakeMyTrip.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in MakeMyTrip on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding MakeMyTrip Limited or generate 0.0% return on investment in MakeMyTrip over 690 days. MakeMyTrip is related to or competes with Tuniu Corp, Mondee Holdings, Amadeus IT, Travel Leisure, TripAdvisor, TUI AG, and Despegar Corp. MakeMyTrip Limited, an online travel company, sells travel products and solutions in India, the United States, Singapore... More
MakeMyTrip Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure MakeMyTrip's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess MakeMyTrip Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.92 | |||
| Information Ratio | 0.047 | |||
| Maximum Drawdown | 19.27 | |||
| Value At Risk | (5.48) | |||
| Potential Upside | 5.8 |
MakeMyTrip Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MakeMyTrip's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MakeMyTrip's standard deviation. In reality, there are many statistical measures that can use MakeMyTrip historical prices to predict the future MakeMyTrip's volatility.| Risk Adjusted Performance | 0.0699 | |||
| Jensen Alpha | 0.048 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | 0.0444 | |||
| Treynor Ratio | 0.1383 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of MakeMyTrip's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
MakeMyTrip Limited Backtested Returns
MakeMyTrip appears to be very steady, given 3 months investment horizon. MakeMyTrip Limited has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for MakeMyTrip, which you can use to evaluate the volatility of the firm. Please exercise MakeMyTrip's Downside Deviation of 3.92, mean deviation of 2.58, and Risk Adjusted Performance of 0.0699 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, MakeMyTrip holds a performance score of 10. The company secures a Beta (Market Risk) of 2.09, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, MakeMyTrip will likely underperform. Please check MakeMyTrip's maximum drawdown, as well as the relationship between the skewness and day typical price , to make a quick decision on whether MakeMyTrip's current price movements will revert.
Auto-correlation | 0.83 |
Very good predictability
MakeMyTrip Limited has very good predictability. Overlapping area represents the amount of predictability between MakeMyTrip time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 to 29th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of MakeMyTrip Limited price movement. The serial correlation of 0.83 indicates that around 83.0% of current MakeMyTrip price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 371.49 |
MakeMyTrip Limited lagged returns against current returns
Autocorrelation, which is MakeMyTrip stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting MakeMyTrip's stock expected returns. We can calculate the autocorrelation of MakeMyTrip returns to help us make a trade decision. For example, suppose you find that MakeMyTrip has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
MakeMyTrip regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If MakeMyTrip stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MakeMyTrip stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MakeMyTrip stock over time.
Current vs Lagged Prices |
| Timeline |
MakeMyTrip Lagged Returns
When evaluating MakeMyTrip's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MakeMyTrip stock have on its future price. MakeMyTrip autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, MakeMyTrip autocorrelation shows the relationship between MakeMyTrip stock current value and its past values and can show if there is a momentum factor associated with investing in MakeMyTrip Limited.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for MakeMyTrip Stock Analysis
When running MakeMyTrip's price analysis, check to measure MakeMyTrip'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 MakeMyTrip is operating at the current time. Most of MakeMyTrip's value examination focuses on studying past and present price action to predict the probability of MakeMyTrip's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MakeMyTrip's price. Additionally, you may evaluate how the addition of MakeMyTrip to your portfolios can decrease your overall portfolio volatility.