FSMVSMERC• 28 Days (Normalized)
FSM vs MERC (Fortuna Mining Corp. vs Mercer International Inc.)
Showing Closing Date Range from Sep 9 to Oct 7, 2026.
Normalized cumulative comparison anchored at 0.00% baseline to illustrate pure alpha, return divergence, and market momentum.
FSM Performance $10.12
-17.92%
Fortuna Mining Corp.
Normalized Baseline0.00%
MERC Performance $0.25
-34.26%
Mercer International Inc.
Normalized Baseline0.00%
Alpha Spread Margin FSM LEADS
+16.34 pts
FSM outperforming by 16.34 percentage points
FSMMERC
Spread Trajectory28 Days (Normalized)
Cumulative Performance Trajectory
Interactive divergence comparison normalized at 0.00% on start date.
FSM MERC
Comparative Historical Ledger
Daily closing prices, normalized percentages, and relative spread divergence.
Historical Quotes & Breakdown(21 dates)
| Date | FSM Price | FSM Gain (%) | MERC Price | MERC Gain (%) | Spread |
|---|---|---|---|---|---|
| Oct 07, 2026 | $10.12 | -17.92% | $0.25 | -34.26% | +16.34% |
| Oct 06, 2026 | $11.18 | -9.33% | $0.24 | -36.84% | +27.51% |
| Oct 05, 2026 | $11.14 | -9.65% | $0.25 | -35.00% | +25.35% |
| Oct 02, 2026 | $11.25 | -8.76% | $0.26 | -32.39% | +23.63% |
| Oct 01, 2026 | $11.17 | -9.41% | $- | - | |
| Sep 30, 2026 | $11.24 | -8.84% | $0.31 | -18.39% | +9.55% |
| Sep 29, 2026 | $11.35 | -7.95% | $0.32 | -15.79% | +7.84% |
| Sep 28, 2026 | $11.21 | -9.08% | $0.32 | -15.79% | +6.71% |
| Sep 25, 2026 | $11.69 | -5.19% | $0.32 | -15.79% | +10.60% |
| Sep 24, 2026 | $11.50 | -6.73% | $0.32 | -15.79% | +9.06% |
| Sep 23, 2026 | $11.66 | -5.43% | $0.32 | -15.79% | +10.36% |
| Sep 22, 2026 | $12.21 | -0.97% | $0.32 | -15.16% | +14.19% |
| Sep 21, 2026 | $11.76 | -4.62% | $0.34 | -10.53% | +5.91% |
| Sep 18, 2026 | $11.95 | -3.08% | $0.38 | +0.00% | -3.08% |
| Sep 17, 2026 | $11.92 | -3.33% | $0.38 | +0.00% | -3.33% |
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