Makemytrip Limited Stock Alpha and Beta Analysis
| MMYT Stock | USD 61.22 1.59 2.53% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as MakeMyTrip Limited. It also helps investors analyze the systematic and unsystematic risks associated with investing in MakeMyTrip over a specified time horizon. Remember, high MakeMyTrip's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to MakeMyTrip's market risk premium analysis include:
Beta 1.37 | Alpha 0.33 | Risk 2.8 | Sharpe Ratio 0.13 | Expected Return 0.36 |
Enterprise Value |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
MakeMyTrip |
MakeMyTrip Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. MakeMyTrip market risk premium is the additional return an investor will receive from holding MakeMyTrip long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in MakeMyTrip. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate MakeMyTrip's performance over market.| α | 0.33 | β | 1.37 |
MakeMyTrip expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of MakeMyTrip's Buy-and-hold return. Our buy-and-hold chart shows how MakeMyTrip performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.MakeMyTrip Market Price Analysis
Market price analysis indicators help investors to evaluate how MakeMyTrip stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading MakeMyTrip shares will generate the highest return on investment. By understating and applying MakeMyTrip stock market price indicators, traders can identify MakeMyTrip position entry and exit signals to maximize returns.
MakeMyTrip Return and Market Media
The median price of MakeMyTrip for the period between Sat, Jan 20, 2024 and Fri, Apr 19, 2024 is 60.45 with a coefficient of variation of 11.72. The daily time series for the period is distributed with a sample standard deviation of 7.13, arithmetic mean of 60.87, and mean deviation of 5.77. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | MakeMyTrip Has Been Hiking North on the Charts - RealMoney | 02/02/2024 |
2 | UBS lifts MakeMyTrip stock price target to 70 on growth prospects | 02/29/2024 |
3 | Lazard Asset Management LLC Has 3.63 Million Holdings in MakeMyTrip Limited | 03/07/2024 |
4 | Qube Research Technologies Ltd Sells 29759 Shares of MakeMyTrip Limited - MarketBeat | 03/11/2024 |
5 | The 5.0 percent return this week takes MakeMyTrips shareholders one-year gains to 157 | 03/14/2024 |
6 | Vacation Rental Market size to grow by USD 56.98 billion from 2024 to 2028, Accommodation industry to boost market growth, Technavio | 03/21/2024 |
7 | MakeMyTrip Limited Shares Bought by SG Americas Securities LLC - Defense World | 03/27/2024 |
8 | MakeMyTrip Hits New 12-Month High at 71.50 - MarketBeat | 04/01/2024 |
9 | MakeMyTrip Shares Up 4.7 percent - MarketBeat | 04/05/2024 |
10 | MakeMyTrip Is Experiencing Growth In Returns On Capital | 04/10/2024 |
11 | We Think MakeMyTrip Can Manage Its Debt With Ease | 04/15/2024 |
About MakeMyTrip Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including MakeMyTrip or other stocks. Alpha measures the amount that position in MakeMyTrip Limited has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2023 | 2024 (projected) | Dividend Yield | 0.002045 | 0.00135 | Price To Sales Ratio | 5.27 | 7.58 |
MakeMyTrip Upcoming Company Events
As portrayed in its financial statements, the presentation of MakeMyTrip's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, MakeMyTrip's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of MakeMyTrip's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of MakeMyTrip. Please utilize our Beneish M Score to check the likelihood of MakeMyTrip's management manipulating its earnings.
| 21st of May 2024 Upcoming Quarterly Report | View | |
| 6th of August 2024 Next Financial Report | View | |
| 31st of March 2024 Next Fiscal Quarter End | View | |
| 21st of May 2024 Next Fiscal Year End | View | |
| 31st of December 2023 Last Quarter Report | View | |
| 31st of March 2023 Last Financial Announcement | View |
Build Portfolio with MakeMyTrip
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out MakeMyTrip Backtesting, MakeMyTrip Valuation, MakeMyTrip Correlation, MakeMyTrip Hype Analysis, MakeMyTrip Volatility, MakeMyTrip History and analyze MakeMyTrip Performance. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Complementary 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.
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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.