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MakeMyTrip Ltd. (NASD:MMYT) Seasonal Chart

Seasonal Chart Analysis

Analysis of the MakeMyTrip Ltd. (NASD:MMYT) seasonal charts above shows that a Buy Date of December 23 and a Sell Date of April 9 has resulted in a geometric average return of 6.93% above the benchmark rate of the S&P 500 Total Return Index over the past 9 years. This seasonal timeframe has shown positive results compared to the benchmark in 7 of those periods. This is a good rate of success and the return strongly outperforms the relative buy-and-hold performance of the stock over the past 9 years by an average of 20.2% per year.

The seasonal timeframe is Inline with the period of seasonal strength for the Consumer Discretionary sector, which runs from October 17 to April 12. The seasonal chart for the broad sector is available via the following link: Consumer Discretionary Sector Seasonal Chart.

A word of caution: Only 9 years of data is available for shares of MMYT, perhaps insufficient to create a seasonal profile that accurately gauges the seasonal tendencies influencing the investment. Ideally, while 20 years is preferred, at least 10 years of data is required to perform a seasonal analysis that is considered to be reliable for future seasonal periods.

MakeMyTrip Ltd is an online travel company in India which provides online booking solutions for day to day travel needs. The segments in which it operates include air ticketing, hotels and packages, rail tickets, bus tickets and car hire. The firm gives feasibility for the traveler to research, plan and book its product and services in India as well as overseas through mobile and website platform. The group generates most of the revenue from air ticketing and hotels & packages.

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