MakeMyTrip Correlations

Stocks . Germany . 
Stock . MakeMyTrip Limited
MY1 Stock  EUR 107.25  1.35  1.24%   
The current 90-days correlation between MakeMyTrip Limited and ARDAGH METAL PACDL 0001 is 0.29 (i.e., Modest diversification). The correlation of MakeMyTrip is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

MakeMyTrip Correlation With Market

Significant diversification

The correlation between MakeMyTrip Limited and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MakeMyTrip Limited and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to MakeMyTrip could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MakeMyTrip when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back MakeMyTrip - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling MakeMyTrip Limited to buy it.

Moving together with MakeMyTrip Stock

  0.62CLVB TRIPCOM GROUP DLPairCorr
  0.79WD5A TRAVEL LEISURE DLPairCorr
  0.78TUI1 TUI AGPairCorr
  0.792T9A TRAINLINE PLC LSPairCorr
  0.74LI4 Lindblad ExpeditionsPairCorr
  0.839BP ON THE BEACHPairCorr
  0.63C6T China Construction BankPairCorr
  0.85BLQA BlackRockPairCorr
  0.68IBM International BusinessPairCorr
  0.758KS LUMI GRUPPEN ASPairCorr
  0.84MAQ Marriott InternationalPairCorr
  0.61TC7 TIANDE CHEMICALPairCorr
  0.81G8L GREENLIGHT CAP REPairCorr
  0.87MKL Atea ASAPairCorr
  0.82DGS Envela CorpPairCorr
  0.7574F LIFE BANC SPLITPairCorr
  0.84ATR0 ATHENE HOLDING PRFSERCPairCorr
  0.763P7 Pandora A/SPairCorr
  0.82GM0N GLOBUS MEDICAL APairCorr
  0.71GTX GentexPairCorr
  0.67DBK Deutsche Bank AktienPairCorr

Moving against MakeMyTrip Stock

  0.75BYRA PT Bank RakyatPairCorr
  0.63OB8 PT Barito PacificPairCorr
  0.5TCID Telkom Indonesia TbkPairCorr
  0.68CHK China Resources BeerPairCorr
  0.33WMR0 MOAB MINERALS LTDPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
CH5
+ 0.9
UUEC
D2V
+ 0.59
EZM
D2V
+ 0.38
CH5
D2V
+ 0.34
UUEC
1NX
+ 0.26
EZM
7JZ
+ 0.16
UUEC
  
High negative correlations   
UUEC
- 0.63
AP2
CH5
- 0.62
AP2
D2V
- 0.5
AP2
EZM
- 0.41
7JZ
EZM
- 0.3
AP2
CH5
- 0.2
1NX

Risk-Adjusted Indicators

There is a big difference between MakeMyTrip Stock performing well and MakeMyTrip Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze MakeMyTrip's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Be your own money manager

Our tools can tell you how much better you can do entering a position in MakeMyTrip without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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MakeMyTrip Corporate Management

Elected by the shareholders, the MakeMyTrip's board of directors comprises two types of representatives: MakeMyTrip inside directors who are chosen from within the company, and outside directors, selected externally and held independent of MakeMyTrip. The board's role is to monitor MakeMyTrip's management team and ensure that shareholders' interests are well served. MakeMyTrip's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, MakeMyTrip's outside directors are responsible for providing unbiased perspectives on the board's policies.
Ravi TyagiVP AdminProfile
Vipul GargVP RelationsProfile
Rajesh MagowGroup CoFounderProfile
Vipul PrakashChief OfficerProfile
Sunil SureshChief OfficerProfile
Saujanya ShrivastavaChief OfficerProfile
Mohit KabraGroup OfficerProfile
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