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Fortuna Mining (FRA:F4S0) Momentum Rank : 8 (As of Mar. 30, 2025)


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What is Fortuna Mining Momentum Rank?

Fortuna Mining has the Momentum Rank of 8.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Fortuna Mining's Momentum Rank

For the Gold subindustry, Fortuna Mining's Momentum Rank, along with its competitors' market caps and Momentum Rank 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.

Fortuna Mining's Momentum Rank Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Fortuna Mining's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Fortuna Mining's Momentum Rank falls into.


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Fortuna Mining Momentum Rank Related Terms

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Fortuna Mining Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fortuna Mining Corp (FRA:F4S0) » Definitions » Momentum Rank
Comparable Companies
TSX:WDO TSX:CG TSX:ORA TSX:KNT TSX:AAUC TSX:NG TSX:SSL TSX:CXB TSX:OGC TSX:TXG SHSE:601899 NEM TSX:AEM TSX:ABX TSX:WPM TSX:FNV MIC:PLZL JSE:GFI AU SHSE:600547
Traded in Other Exchanges
FSM:USA FVI N:Mexico 0QYM:UK FVI:Canada
Address
200 Burrard Street, Suite 650, Vancouver, BC, CAN, V6C 3L6
Website
https://www.fortunamining.com
Fortuna Mining Corp is a Canadian-based precious metals mining company with mines in the Latin America and West Africa regions producing gold and silver. It operate mines in Argentina, Burkina Faso, Cote d'Ivoire, Mexico, and Peru.

Fortuna Mining Headlines

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