MakeMyTrip Limited (MMYT) — Stock Correlations & Overview
Over the past year, MMYT has moved most closely with AWAY, FLYU, MILN. Explore the stocks most correlated and inversely correlated with MMYT below, along with its price, financials, and company profile.
Stocks correlated with MMYT
Correlation of daily returns. Higher positive values move with MMYT; negative values move opposite it. Informational only, not investment advice.
Most correlated with MMYT
| Symbol | Company | Correlation |
|---|---|---|
| AWAY | Amplify Travel Tech ETF | 0.56 |
| FLYU | MicroSectors Travel 3x Leveraged ETNCOMMERCIAL BANKS, NEC | 0.52 |
| MILN | Global X Funds Global X Millennial Consumer ETF | 0.51 |
| TOGA | Tremblant Global ETF | 0.50 |
| FMQQ | FMQQ The Next Frontier Internet ETF | 0.49 |
Most inversely correlated with MMYT
| Symbol | Company | Correlation |
|---|---|---|
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.52 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.44 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.40 |
| SCC | ProShares UltraShort Consumer Discretionary | -0.38 |
| SEF | ProShares Short Financials | -0.38 |
Frequently asked questions about MMYT correlations
- Which stocks are most correlated with MMYT?
- Based on one year of daily returns, the stocks most correlated with MakeMyTrip Limited (MMYT) are AWAY (0.56), FLYU (0.52) and MILN (0.51). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with MMYT?
- Over the past year, the stocks most inversely correlated with MakeMyTrip Limited (MMYT) are FLYD (-0.52), HDGE (-0.44) and WEBS (-0.40). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these MMYT correlations calculated?
- We compute the correlation of daily returns between MMYT and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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