MakeMyTrip (Germany) Market Value
| MY1 Stock | EUR 110.45 0.25 0.23% |
| Symbol | MakeMyTrip |
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.
| 11/30/2024 |
| 12/30/2024 |
If you would invest 0.00 in MakeMyTrip on November 30, 2024 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 30 days. MakeMyTrip is related to or competes with TUI AG, FOSTOURGRP, and TRAINLINE PLC. MakeMyTrip Limited, an online travel company, provides travel products and solutions in India and internationally 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 | 2.96 | |||
| Information Ratio | 0.0596 | |||
| Maximum Drawdown | 17.86 | |||
| Value At Risk | (4.11) | |||
| Potential Upside | 6.62 |
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 | 0.0626 | |||
| Jensen Alpha | 0.2112 | |||
| Total Risk Alpha | 0.1324 | |||
| Sortino Ratio | 0.0699 | |||
| Treynor Ratio | 0.286 |
MakeMyTrip Limited Backtested Returns
MakeMyTrip appears to be very steady, given 3 months investment horizon. MakeMyTrip Limited has Sharpe Ratio of 0.15, which conveys that the firm had a 0.15% return per unit of risk over the last 3 months. By analyzing MakeMyTrip's technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please exercise MakeMyTrip's Downside Deviation of 2.96, risk adjusted performance of 0.0626, and Mean Deviation of 2.56 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 12. The company secures a Beta (Market Risk) of 0.8, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, MakeMyTrip's returns are expected to increase less than the market. However, during the bear market, the loss of holding MakeMyTrip is expected to be smaller as well. Please check MakeMyTrip's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether MakeMyTrip's current price movements will revert.
Auto-correlation | 0.17 |
Very weak predictability
MakeMyTrip Limited has very weak predictability. Overlapping area represents the amount of predictability between MakeMyTrip time series from 30th of November 2024 to 15th of December 2024 and 15th of December 2024 to 30th of December 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 0.17 indicates that over 17.0% of current MakeMyTrip price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 3.02 |
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 |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in MakeMyTrip Stock
When determining whether MakeMyTrip Limited is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if MakeMyTrip Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Makemytrip Limited Stock. Highlighted below are key reports to facilitate an investment decision about Makemytrip Limited Stock:Check out MakeMyTrip Correlation, MakeMyTrip Volatility and MakeMyTrip Alpha and Beta module to complement your research on MakeMyTrip. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
MakeMyTrip 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.