MMYT vs. CLS
MMYT (MakeMyTrip Limited) and CLS (Celestica Inc.) are both stocks. MMYT operates in Travel Services (Consumer Cyclical), while CLS operates in Electronic Components (Technology). Over the past 10 years, MMYT returned 11.14%/yr vs 43.71%/yr for CLS. At a 0.26 correlation, their price movements are largely independent.
Performance
MMYT vs. CLS - Performance Comparison
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Returns By Period
In the year-to-date period, MMYT achieves a -47.45% return, which is significantly lower than CLS's 32.99% return. Over the past 10 years, MMYT has underperformed CLS with an annualized return of 11.14%, while CLS has yielded a comparatively higher 43.71% annualized return.
MMYT
- 1D
- 3.38%
- 1M
- 0.05%
- YTD
- -47.45%
- 6M
- -47.76%
- 1Y
- -57.03%
- 3Y*
- 15.29%
- 5Y*
- 8.27%
- 10Y*
- 11.14%
CLS
- 1D
- 1.88%
- 1M
- 5.52%
- YTD
- 32.99%
- 6M
- 28.26%
- 1Y
- 200.71%
- 3Y*
- 207.28%
- 5Y*
- 116.26%
- 10Y*
- 43.71%
MMYT vs. CLS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MMYT MakeMyTrip Limited | -47.45% | -26.86% | 139.00% | 70.40% | -0.51% | -6.16% | 28.95% | -5.88% | -18.49% | 34.46% |
CLS Celestica Inc. | 32.99% | 220.27% | 215.23% | 159.80% | 1.26% | 37.92% | -2.42% | -5.70% | -16.32% | -11.56% |
Correlation
The correlation between MMYT and CLS is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Aug 12, 2010 | 0.26 |
Over the past year, the correlation between MMYT and CLS has dropped to 0.03 - well below their long-term average of 0.26, suggesting their price drivers have been diverging.
Fundamentals
MMYT:
$4.51B
CLS:
$45.48B
MMYT:
$0.49
CLS:
$8.28
MMYT:
87.28
CLS:
47.45
MMYT:
0.44
CLS:
0.64
MMYT:
4.33
CLS:
3.30
MMYT:
$1.04B
CLS:
$13.81B
MMYT:
$725.37M
CLS:
$1.60B
MMYT:
$204.47M
CLS:
$1.32B
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Return for Risk
MMYT vs. CLS — Risk / Return Rank
MMYT
CLS
MMYT vs. CLS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MakeMyTrip Limited (MMYT) and Celestica Inc. (CLS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MMYT | CLS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.92 | ||
| Sortino ratioReturn per unit of downside risk | -4.63 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 1.37 | -0.59 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | 6.91 | -7.79 |
| Martin ratioReturn relative to average drawdown | -1.59 | 16.83 | -18.42 |
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Drawdowns
MMYT vs. CLS - Drawdown Comparison
The maximum MMYT drawdown since its inception was -73.45%, smaller than the maximum CLS drawdown of -96.93%. Use the drawdown chart below to compare losses from any high point for MMYT and CLS.
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Drawdown Indicators
| MMYT | CLS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.45% | -96.93% | +23.48% |
Max Drawdown (1Y)Largest decline over 1 year | -64.83% | -29.24% | -35.59% |
Max Drawdown (3Y)Largest decline over 3 years | -69.87% | -53.96% | -15.91% |
Max Drawdown (5Y)Largest decline over 5 years | -69.87% | -53.96% | -15.91% |
Max Drawdown (10Y)Largest decline over 10 years | -73.45% | -80.60% | +7.15% |
Current DrawdownCurrent decline from peak | -64.18% | -16.78% | -47.40% |
Average DrawdownAverage peak-to-trough decline | -36.38% | -73.31% | +36.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.88% | 11.98% | +23.90% |
Volatility
MMYT vs. CLS - Volatility Comparison
The current volatility for MakeMyTrip Limited (MMYT) is 18.03%, while Celestica Inc. (CLS) has a volatility of 27.54%. This indicates that MMYT experiences smaller price fluctuations and is considered to be less risky than CLS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MMYT | CLS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.03% | 27.54% | -9.51% |
Volatility (6M)Calculated over the trailing 6-month period | 42.58% | 55.42% | -12.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.26% | 72.65% | -22.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.33% | 57.70% | -8.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.46% | 49.97% | +3.49% |
Dividends
MMYT vs. CLS - Dividend Comparison
Neither MMYT nor CLS has paid dividends to shareholders.
Financials
MMYT vs. CLS - Financials Comparison
This section allows you to compare key financial metrics between MakeMyTrip Limited and Celestica Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
MMYT vs. CLS - Profitability Comparison
MMYT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, MakeMyTrip Limited reported a gross profit of 145.76M and revenue of 250.12M. Therefore, the gross margin over that period was 58.3%.
CLS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Celestica Inc. reported a gross profit of 437.20M and revenue of 4.05B. Therefore, the gross margin over that period was 10.8%.
MMYT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, MakeMyTrip Limited reported an operating income of 40.10M and revenue of 250.12M, resulting in an operating margin of 16.0%.
CLS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Celestica Inc. reported an operating income of 272.10M and revenue of 4.05B, resulting in an operating margin of 6.7%.
MMYT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, MakeMyTrip Limited reported a net income of 24.25M and revenue of 250.12M, resulting in a net margin of 9.7%.
CLS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Celestica Inc. reported a net income of 212.30M and revenue of 4.05B, resulting in a net margin of 5.3%.
Frequently Asked Questions
MMYT and CLS have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CLS has higher volatility (27.54%) compared to MMYT (18.03%). In terms of maximum drawdown, MMYT dropped -73.45% vs CLS's -96.93%.
CLS currently has the higher Sharpe Ratio (2.78 vs -1.14), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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