MAKEMYTRIP LTD (Foreign) ranked among the worst performers on Friday. It fell by -3.26% to close at 23.72. It is currently trading -42% below it's 52 week high of 41.05.
MMYT is currently in a bearish trend. The current bearish signal has generated a profit of +18.35% for investors in the last three months.
MMYT has been outperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 1 Jun, 2016 to 1 May, 2017. Over the last 2 years 11 months and 3 days, MMYT outperformed the SP500 index on 47% days. Which indicates that on days MMYT outperforms the SP500 index, it's performance is marginally better than on the days it underperforms the SP500 index.
MMYT returned losses on 62% days in the last three months. During this time, it delivered on average -0.27% per day. It delivered it's best daily return of +10.1%, during this period, on Friday, 12 Oct, 2018. The longest stort-term trend during this period was 11 losing days, which started on 27 Sep, 2018 and ended on 11 Oct, 2018. This bearish trend lost -25.41% of investor capital.
During the last year MMYT had 5 profitable months and 7 loss making months. MMYT returned profits in fewer months than SP500 index. MMYT significantly outperformed SP500 index in Apr 2018, when it returned +13.89% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. MMYT had a longer winning streak of losing months than SP500 index. It went down in 4 straight months (from Jul 2018 to Oct 2018) during which period it delivered -31.99%.
There's more honor in investment management than in investment banking.
-- Charlie Munger
MMYT is currently seeing overall fall in volatility. In comparison, the SP500 index is seeing increase in volatility. During the last three months, there was a significant surge in MMYT's volatility from 14 Sep, 2018 to 26 Sep, 2018. While there was a significant surge in the SP500 index's volatility from 10 Sep, 2018 to 29 Oct, 2018.
Advanced/professional short-term investors should note that MMYT has negative skewness in it's return distribution. This indicates that investors may need to stay invested through long periods of drawdown before expecting a recovery.
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