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Forte MineralsFOMNF -5.69%34 3-1 Month Momentum % is -9.47% as of Jul. 29, 2026. GuruFocus rates FOMNF with a GF Score™ of 34/100. The stock has 1 warning sign investors should review. Among 2,529 Metals & Mining companies, Forte Minerals ranks better than 73.59% 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 (2026-07-29), Forte Minerals's 3-1 Month Momentum % is -9.47%.
The industry rank for Forte Minerals's 3-1 Month Momentum % or its related term are showing as below:
FOMNF's 3-1 Month Momentum % is ranked better than 73.59% of 2529
companies
in the Metals & Mining industry
Industry Median: -14.29
vs FOMNF: -9.47
Forte Minerals (OTCPK:FOMNF) 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.
Forte Minerals 3-1 Month Momentum % Related Terms
FOMNF vs HL: 3-1 Month Momentum % Comparison
For the Other Precious Metals & Mining subindustry, Forte Minerals'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.
Forte Minerals 3-1 Month Momentum % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Forte Minerals's 3-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Forte Minerals's 3-1 Month Momentum % falls into.
Forte Minerals (OTCPK:FOMNF) 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.
Forte Minerals (FOMNF) has a 3-1 Month Momentum % of -9.47% as of Jul. 29, 2026. 3-1 Month Momentum measures the total return of the stock from 3-month ago to 1-month ago. View historical data on Forte Minerals and its competitors. According to the industry distribution chart, Forte Minerals ranks #668 out of 2529 companies in the Metals & Mining industry, placing it in the top 26.4%.
Is Forte Minerals' 3-1 Month Momentum % too high?
Forte Minerals' current 3-1 Month Momentum % is -9.47%. Based on the distribution chart, Forte Minerals ranks #668 out of 2529 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Forte Minerals has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Forte Minerals' 3-1 Month Momentum % compare to HL?
According to the Metals & Mining industry distribution chart, Forte Minerals ranks #668 out of 2529 companies for 3-1 Month Momentum %. This puts Forte Minerals 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 Forte Minerals and its competitors. Forte Minerals's current 3-1 Month Momentum % is -9.47%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forte Minerals stock overvalued right now?
Forte Minerals (FOMNF) has a current 3-1 Month Momentum % of -9.47%. The current 3-1 Month Momentum % is -9.47%. Forte Minerals' overall GF Score™ is 34/100 with 1 warning sign 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 Forte Minerals (FOMNF), the current 3-1 Month Momentum % is -9.47% as of Jul. 29, 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.
Forte Minerals Corp is a mining exploration company focused on copper and gold in Peru. Its portfolio comprises Esperanza, Pucarini, Alto Ruri, and the Miscanthus projects in Peru.
34GF Score
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