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3-1 Month Momentum % is the total return of the stock from 3-month ago to 1-month ago. As of today (2026-07-20), West African Resources's 3-1 Month Momentum % is -4.94%.
The industry rank for West African Resources's 3-1 Month Momentum % or its related term are showing as below:
ASX:WAF's 3-1 Month Momentum % is ranked better than 63.72% of 2530
companies
in the Metals & Mining industry
Industry Median: -11.73
vs ASX:WAF: -4.94
West African Resources (ASX:WAF) 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.
West African Resources 3-1 Month Momentum % Related Terms
ASX:WAF vs NEM, AU: 3-1 Month Momentum % Comparison
For the Gold subindustry, West African Resources'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.
West African Resources 3-1 Month Momentum % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, West African Resources's 3-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where West African Resources's 3-1 Month Momentum % falls into.
West African Resources (ASX:WAF) 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.
West African Resources (ASX:WAF) has a 3-1 Month Momentum % of -4.94% as of Jul. 20, 2026. 3-1 Month Momentum measures the total return of the stock from 3-month ago to 1-month ago. View historical data on West African Resources and its competitors. According to the industry distribution chart, West African Resources ranks #918 out of 2530 companies in the Metals & Mining industry, placing it in the top 36.3%.
Is West African Resources' 3-1 Month Momentum % too high?
West African Resources' current 3-1 Month Momentum % is -4.94%. Based on the distribution chart, West African Resources ranks #918 out of 2530 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, West African Resources has a GF Score™ of 95/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does West African Resources' 3-1 Month Momentum % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, West African Resources ranks #918 out of 2530 companies for 3-1 Month Momentum %. This puts West African Resources in the upper 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 West African Resources and its competitors. West African Resources's current 3-1 Month Momentum % is -4.94%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is West African Resources stock overvalued right now?
Based on GuruFocus' analysis, West African Resources (ASX:WAF) is currently considered Significantly Undervalued. The stock's GF Value™ is A$4.63, compared to a current price of A$2.70 — trading 41.7% below its estimated fair value. The current 3-1 Month Momentum % is -4.94%. West African Resources' overall GF Score™ is 95/100 with 3 warning signs to review. 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 West African Resources (ASX:WAF), the current 3-1 Month Momentum % is -4.94% as of Jul. 20, 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.
Is West African Resources (ASX:WAF) Overvalued in 2026?
Based on GuruFocus' analysis, West African Resources stock appears to be undervalued.
The current stock price of A$2.70 is trading 41.7% below its estimated GF Value™ of A$4.63.
GuruFocus considers West African Resources to be Significantly Undervalued.
Key valuation signals for ASX:WAF:
3-1 Month Momentum %: -4.94%
GF Value™: A$4.63 vs. price of A$2.70 (41.7% below fair value)
No single metric tells the full story. See the ASX:WAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
West African Resources Ltd is engaged in mineral exploration in Burkina Faso. It focuses on the development of the Sanbrado Gold Project. The Group's mineral portfolio also includes gold and copper-gold exploration permits in Burkina Faso. The operating segments of the Company that includes Mining Operations: comprise the Sanbrado Gold Project operation located in Burkina Faso. Construction and E&E segment comprises mines under construction andexploration and evaluation (E&E) projects in locations other than Sanbrado.
95GF Score
Get the complete analysis for ASX:WAF
3-1 Month Momentum % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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