Makemytrip Limited Stock Technical Analysis
| MMYT Stock | USD 65.54 0.34 0.52% |
As of the 25th of April, MakeMyTrip secures the Risk Adjusted Performance of 0.1077, mean deviation of 2.08, and Downside Deviation of 3.15. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of MakeMyTrip Limited, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We have analyzed and interpolated nineteen technical drivers for MakeMyTrip, which can be compared to its peers in the industry. Please verify MakeMyTrip Limited coefficient of variation, maximum drawdown, as well as the relationship between the Maximum Drawdown and skewness to decide if MakeMyTrip Limited is priced some-what accurately, providing market reflects its recent price of 65.54 per share. Given that MakeMyTrip Limited has jensen alpha of 0.3265, we recommend you to check MakeMyTrip's last-minute market performance to make sure the company can sustain itself at a future point.
MakeMyTrip Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as MakeMyTrip, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to MakeMyTripMakeMyTrip |
MakeMyTrip Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 43.75 | Strong Buy | 9 | Odds |
Most MakeMyTrip analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand MakeMyTrip stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of MakeMyTrip Limited, talking to its executives and customers, or listening to MakeMyTrip conference calls.
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.
MakeMyTrip Limited Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of MakeMyTrip Limited volatility. High ATR values indicate high volatility, and low values indicate low volatility.
MakeMyTrip Limited Trend Analysis
Use this graph to draw trend lines for MakeMyTrip Limited. You can use it to identify possible trend reversals for MakeMyTrip as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual MakeMyTrip price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.MakeMyTrip Best Fit Change Line
The following chart estimates an ordinary least squares regression model for MakeMyTrip Limited applied against its price change over selected period. The best fit line has a slop of 0.22 , which means MakeMyTrip Limited will continue generating value for investors. It has 122 observation points and a regression sum of squares at 1889.72, which is the sum of squared deviations for the predicted MakeMyTrip price change compared to its average price change.About MakeMyTrip Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of MakeMyTrip Limited on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of MakeMyTrip Limited based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on MakeMyTrip Limited price pattern first instead of the macroeconomic environment surrounding MakeMyTrip Limited. By analyzing MakeMyTrip's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of MakeMyTrip's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to MakeMyTrip specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Payables Turnover | 0.94 | 1.98 | 2.27 | 2.81 | Days Of Inventory On Hand | 0.0683 | 0.0514 | 0.0463 | 0.0439 |
MakeMyTrip April 25, 2024 Technical Indicators
Most technical analysis of MakeMyTrip help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for MakeMyTrip from various momentum indicators to cycle indicators. When you analyze MakeMyTrip charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.1077 | |||
| Market Risk Adjusted Performance | 0.3128 | |||
| Mean Deviation | 2.08 | |||
| Semi Deviation | 2.8 | |||
| Downside Deviation | 3.15 | |||
| Coefficient Of Variation | 624.47 | |||
| Standard Deviation | 2.81 | |||
| Variance | 7.88 | |||
| Information Ratio | 0.1288 | |||
| Jensen Alpha | 0.3265 | |||
| Total Risk Alpha | 0.0894 | |||
| Sortino Ratio | 0.1147 | |||
| Treynor Ratio | 0.3028 | |||
| Maximum Drawdown | 17.67 | |||
| Value At Risk | (3.76) | |||
| Potential Upside | 4.7 | |||
| Downside Variance | 9.95 | |||
| Semi Variance | 7.83 | |||
| Expected Short fall | (2.19) | |||
| Skewness | (1.07) | |||
| Kurtosis | 3.86 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MakeMyTrip Limited. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
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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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.