Makemytrip Limited Stock Probability of Future Stock Price Finishing Over 29.69
| MMYT Stock | USD 61.22 1.59 2.53% |
Closest to current price MakeMyTrip long CALL Option Payoff at Expiration
MakeMyTrip |
MakeMyTrip Target Price Odds to finish over 29.69
The tendency of MakeMyTrip 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 Price | Horizon | Target Price | Odds to stay above $ 29.69 in 90 days |
| 61.22 | 90 days | 29.69 | close to 99 |
Based on a normal probability distribution, the odds of MakeMyTrip to stay above $ 29.69 in 90 days from now is close to 99 (This MakeMyTrip Limited probability density function shows the probability of MakeMyTrip Stock to fall within a particular range of prices over 90 days) . Probability of MakeMyTrip Limited price to stay between $ 29.69 and its current price of $61.22 at the end of the 90-day period is about 51.94 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.37 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, MakeMyTrip will likely underperform. Additionally MakeMyTrip Limited has an alpha of 0.3283, implying that it can generate a 0.33 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). MakeMyTrip Price Density |
| Price |
Predictive Modules for MakeMyTrip
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as MakeMyTrip Limited. 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.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 Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. MakeMyTrip is not an exception. The market had few large corrections towards the MakeMyTrip'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 MakeMyTrip Limited, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of MakeMyTrip within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.33 | |
β | Beta against NYSE Composite | 1.37 | |
σ | Overall volatility | 7.13 | |
Ir | Information ratio | 0.13 |
MakeMyTrip 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 MakeMyTrip for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for MakeMyTrip Limited can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| The company reported the previous year's revenue of 593.04 M. Net Loss for the year was (11.17 M) with profit before overhead, payroll, taxes, and interest of 283.5 M. | |
| Over 85.0% of the company shares are owned by institutional investors | |
| Latest headline from simplywall.st: We Think MakeMyTrip Can Manage Its Debt With Ease |
MakeMyTrip 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 MakeMyTrip Stock often depends not only on the future outlook of the current and potential MakeMyTrip'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. MakeMyTrip's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 111.1 M | |
| Cash And Short Term Investments | 481.1 M |
MakeMyTrip Technical Analysis
MakeMyTrip's future price can be derived by breaking down and analyzing its technical indicators over time. MakeMyTrip Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of MakeMyTrip Limited. In general, you should focus on analyzing MakeMyTrip Stock price patterns and their correlations with different microeconomic environments and drivers.
MakeMyTrip Predictive Forecast Models
MakeMyTrip's time-series forecasting models is one of many MakeMyTrip'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 MakeMyTrip'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 MakeMyTrip Limited
Checking the ongoing alerts about MakeMyTrip for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for MakeMyTrip Limited help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| The company reported the previous year's revenue of 593.04 M. Net Loss for the year was (11.17 M) with profit before overhead, payroll, taxes, and interest of 283.5 M. | |
| Over 85.0% of the company shares are owned by institutional investors | |
| Latest headline from simplywall.st: We Think MakeMyTrip Can Manage Its Debt With Ease |
Check out MakeMyTrip Backtesting, MakeMyTrip Valuation, MakeMyTrip Correlation, MakeMyTrip Hype Analysis, MakeMyTrip Volatility, MakeMyTrip History as well as MakeMyTrip Performance. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
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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.
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Is MakeMyTrip'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 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 257.252 | Earnings Share 0.46 | Revenue Per Share 6.582 | Quarterly Revenue Growth 0.256 | Return On Assets 0.0246 |
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.