MMYT Stock | | | USD 109.90 1.17 1.08% |
MakeMyTrip financial indicator trend analysis is infinitely more than just investigating MakeMyTrip Limited recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MakeMyTrip Limited is a good investment. Please check the relationship between MakeMyTrip Total Assets and its Total Stockholder Equity accounts. 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 closely tied with the direction of predictive economic indicators such as
signals in manufacturing.
Total Assets vs Total Stockholder Equity
Total Assets vs Total Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
MakeMyTrip Limited Total Assets account and
Total Stockholder Equity. At this time, the significance of the direction appears to have almost identical trend.
The correlation between MakeMyTrip's Total Assets and Total Stockholder Equity is 0.97. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of MakeMyTrip Limited, assuming nothing else is changed. The correlation between historical values of MakeMyTrip's Total Assets and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of MakeMyTrip Limited are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Total Assets i.e., MakeMyTrip's Total Assets and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.97 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Assets
Total assets refers to the total amount of MakeMyTrip assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in MakeMyTrip Limited books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Most indicators from MakeMyTrip's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MakeMyTrip Limited current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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 closely tied with the direction of predictive economic indicators such as
signals in manufacturing.
At this time, MakeMyTrip's
Enterprise Value Over EBITDA is comparatively stable compared to the past year.
Enterprise Value Multiple is likely to gain to 59.22 in 2024, whereas
Sales General And Administrative To Revenue is likely to drop 0.20 in 2024.
MakeMyTrip fundamental ratios Correlations
Click cells to compare fundamentals
MakeMyTrip Account Relationship Matchups
High Positive Relationship
High Negative Relationship
MakeMyTrip fundamental ratios Accounts
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Additional 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.