Magnetite Mines (ASX:MGT) 3-1 Month Momentum %: -39.29% (As of Aug. 09, 2026)

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What is Magnetite Mines 3-1 Month Momentum %?

Magnetite Mines ASX:MGT 3-1 Month Momentum % is -39.29% as of Aug. 09, 2026. The stock has 4 warning signs investors should review. Among 2,520 Metals & Mining companies, Magnetite Mines ranks worse than 92.74% on this metric.

3-1 Month Momentum % is the total return of the stock from 3-month ago to 1-month ago. As of today (2026-08-09), Magnetite Mines's 3-1 Month Momentum % is -39.29%.

The industry rank for Magnetite Mines's 3-1 Month Momentum % or its related term are showing as below:

ASX:MGT's 3-1 Month Momentum % is ranked worse than
92.74% of 2520 companies
in the Metals & Mining industry
Industry Median: -15.135 vs ASX:MGT: -39.29

Magnetite Mines  (ASX:MGT) 3-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 3-1 Month Momentum % measures the total return to a stock over the past three months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.

Magnetite Mines 3-1 Month Momentum % Related Terms

Magnetite Mines 3-1 Month Momentum % Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Magnetite Mines's 3-1 Month Momentum %, along with its competitors' market caps and 3-1 Month Momentum % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Magnetite Mines 3-1 Month Momentum % vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Magnetite Mines's 3-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Magnetite Mines's 3-1 Month Momentum % falls into.


Magnetite Mines  (ASX:MGT) 3-1 Month Momentum % Calculation

3-1 Month Momentum % is calculated as following:

3-1 Month Momentum %=( Price 1-month ago / Price 3-month ago - 1 ) * 100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about 3-1 Month Momentum % →
What does a 3-1 Month Momentum % of -39.29% mean?
Magnetite Mines (ASX:MGT) has a 3-1 Month Momentum % of -39.29% as of Aug. 09, 2026. 3-1 Month Momentum measures the total return of the stock from 3-month ago to 1-month ago. View historical data on Magnetite Mines and its competitors. According to the industry distribution chart, Magnetite Mines ranks #2337 out of 2520 companies in the Metals & Mining industry, placing it in the top 92.7%.
Is Magnetite Mines' 3-1 Month Momentum % too high?
Magnetite Mines' current 3-1 Month Momentum % is -39.29%. Based on the distribution chart, Magnetite Mines ranks #2337 out of 2520 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers.
How does Magnetite Mines' 3-1 Month Momentum % compare to competitors?
According to the Metals & Mining industry distribution chart, Magnetite Mines ranks #2337 out of 2520 companies for 3-1 Month Momentum %. This places Magnetite Mines in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-1 Month Momentum % for a Metals & Mining company?
A good 3-1 Month Momentum % depends on the Metals & Mining industry context. However, 3-1 Month Momentum % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-1 Month Momentum % mean?
A high 3-1 Month Momentum % can signal that a stock is expensive relative to its fundamentals. 3-1 Month Momentum measures the total return of the stock from 3-month ago to 1-month ago. View historical data on Magnetite Mines and its competitors. Magnetite Mines's current 3-1 Month Momentum % is -39.29%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Magnetite Mines stock overvalued right now?
Magnetite Mines (ASX:MGT) has a current 3-1 Month Momentum % of -39.29%. The current 3-1 Month Momentum % is -39.29%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-1 Month Momentum % calculated?
3-1 Month Momentum % is calculated from a company's financial statements. For Magnetite Mines (ASX:MGT), the current 3-1 Month Momentum % is -39.29% as of Aug. 09, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Magnetite Mines Business Description

Other Exchanges R8Q1:Germany
Address 30 Currie Street, Suite 3, Level 3, Adelaide, SA, AUS, 5000
Magnetite Mines Ltd is a mineral exploration company. It shows interest in the Razorback Iron Project located in the province of South Australia. The group operates in one operating segment and one geographical area, which is Mineral Exploration in Australia. The company's other projects include the Muster Dam Iron Ore Project and Others.