Investment Themes
The size of the company, in the stock market sense of the term, refers to the market capitalization of the listed company, i.e. its market value. It is obtained by multiplying the total number of shares comprising the share capital by their price.
The size of a company is an investment factor, along with growth, value, volatility, quality or momentum. In investment terms, a factor is a characteristic that helps explain the long-term risk and return of an asset. Small-caps have historically demonstrated higher returns than the market over the long term - especially large-caps - but also have higher volatility.
Size is considered a pro-cyclical factor, meaning that it has tended to benefit from periods of economic expansion. Small caps tend to outperform in bull markets and underperform in bear markets.
The investment style list below is designed to identify small-caps with a market capitalization of less than $1 billion that have the best fundamentals in their respective markets.
Several geographic regions are proposed. The global list includes companies listed in the world's major financial centers. The other lists are regional: North America (United States, Canada), Europe, Asia (Japan, Australia, Singapore, Hong Kong), Emerging Markets, United Kingdom, France, Germany, Switzerland, Netherlands and Italy.
Our selection
| Industrials | Transaction & Payment Services | 445M | -50.38% | ||
| Technology | Integrated Circuits | 788M | +26.10% | ||
| Technology | Other IT Services & Consulting | 191M | +30.00% | ||
| Consumer Non-Cyclical | Accounting & Tax Preparation | 191M | +16.29% | ||
| Industrials | Industrial Parts & Components | 732M | +62.56% | ||
| Consumer Cyclical | Other Textiles & Leather Goods | 742M | +27.36% | ||
| Consumer Cyclical | Other Broadcasting | 66.04M | 0.00% | ||
| Real Estate | Residential Real Estate Development | 353M | -30.61% | ||
| Industrials | Batteries & Uninterruptable Power Supplies | 345M | +23.05% | ||
| Industrials | Other Business Support Services | 879M | -5.04% | ||
| Basic Materials | Other Construction Materials | 855M | +2.78% | ||
| Industrials | Other Electrical Components & Equipment | 955M | +40.10% | ||
| Consumer Non-Cyclical | Animal Slaughtering & Processing | 249M | -42.38% | ||
| Healthcare | Medical Supplies | 500M | +21.64% | ||
| Services académiques et éducatifs | Colleges & Secondary Schools | 117M | -51.05% | ||
| Industrials | Other Construction & Engineering | 462M | -24.50% | ||
| Technology | Enterprise Software | 306M | -53.86% | ||
| Consumer Cyclical | Used Merchandise Stores | 995M | +5.57% | ||
| Technology | Other IT Services & Consulting | 513M | +44.67% | ||
| Services académiques et éducatifs | Professional & Business Education | 70.53M | +1.86% | ||
| Technology | Other Software | 48.16M | -45.34% | ||
| Healthcare | Other Healthcare Facilities & Services | 179M | -36.34% | ||
| Industrials | Industrial Machinery | 785M | +32.64% | ||
| Consumer Non-Cyclical | Special Foods & Wellbeing Products | 122M | +24.68% | ||
| Industrials | Ball & Roller Bearings | 681M | +95.59% | ||
| Real Estate | Other Real Estate Development & Operations | 879M | -8.79% | ||
| Healthcare | Medical Devices & Implants | 865M | -11.26% | ||
| Industrials | Transaction & Payment Services | 231M | -29.09% | ||
| Basic Materials | Other Commodity Chemicals | 590M | +15.88% | ||
| Basic Materials | Other Mining Support Services & Equipment | 89.24M | +81.82% | ||
| Industrials | Other Shipbuilding | 264M | -11.17% | ||
| Consumer Cyclical | Other Advertising & Marketing | 633M | -0.20% | ||
| Consumer Cyclical | Beauty Supply Shop | 498M | +111.67% | ||
| Healthcare | Other Pharmaceuticals | 31.55M | -27.93% | ||
| Healthcare | Medical Devices & Implants | 625M | -22.28% | ||
| Technology | Electronic Component | 792M | +61.26% | ||
| Industrials | Testing & Measuring Equipment | 984M | +7.19% | ||
| Technology | Electronic Component | 113M | -51.54% | ||
| Consumer Cyclical | Other Restaurants & Bars | 587M | +36.85% | ||
| Industrials | Security Services | 150M | -25.53% | ||
| Consumer Cyclical | Furniture Retailers | 329M | - | ||
| Healthcare | Medical Equipment | 365M | -12.99% | ||
| Basic Materials | Other Specialty Chemicals | 705M | +22.94% | ||
| Consumer Non-Cyclical | Personal Care Services | 544M | -37.72% | ||
| Industrials | Other Construction & Engineering | 918M | +52.20% | ||
| Basic Materials | Other Specialty Chemicals | 622M | +14.94% | ||
| Technology | Enterprise Software | 818M | +2.75% | ||
| Basic Materials | Integrated Mining | 476M | -26.36% | ||
| Technology | Content & Site Management Services | 785M | +13.67% | ||
| Services académiques et éducatifs | Professional & Business Education | 342M | -18.93% | ||
| Financials | Other Investment Management & Fund Operators | 556M | -37.07% | ||
| Technology | Other Software | 328M | +3.07% | ||
| Technology | Semiconductor Machinery Manufacturing | 980M | -1.72% | ||
| Consumer Cyclical | Motorcycle Parts & Accessories | 751M | +29.15% | ||
| Financials | Other Corporate Financial Services | 321M | +6.16% | ||
| Consumer Cyclical | Gyms, Fitness and Spa Centers | 148M | -15.64% | ||
| Industrials | Other Construction & Engineering | 83.34M | +9.38% | ||
| Technology | Other Software | 64.79M | -1.22% | ||
| Industrials | Online Job Portals | 42.79M | -56.25% | ||
| Industrials | Other Construction & Engineering | 155M | +18.45% | ||
| Basic Materials | Integrated Mining | 118M | -54.15% | ||
| Technology | Other IT Services & Consulting | 202M | -15.45% | ||
| Financials | Investment Management | 889M | -29.39% | ||
| Consumer Cyclical | Optical Goods Stores | 316M | - | ||
| Technology | Other IT Services & Consulting | 593M | -5.64% | ||
| Healthcare | Other Medical Equipment, Supplies & Distribution | 943M | +5.38% | ||
| Technology | Financial Technology (Fintech) (NEC) | 42.06M | -50.00% | ||
| Technology | E-commerce & Auction Services | 801M | +35.30% | ||
| Financials | Closed End Funds | 491M | -0.81% | ||
| Technology | Application Software | 162M | +0.64% | ||
| Consumer Non-Cyclical | Other Food Processing | 973M | -3.50% | ||
| Technology | Other Internet Services | 80.2M | -31.45% | ||
| Technology | Other Semiconductors | 980M | +13.82% | ||
| Technology | Electronic Component | 395M | +178.18% | ||
| Industrials | Industrial Machinery | 718M | +60.21% | ||
| Basic Materials | Other Specialty Mining & Metals | 176M | +63.77% | ||
| Technology | Other IT Services & Consulting | 890M | +31.94% | ||
| Industrials | Other Business Support Services | 61.6M | +23.19% | ||
| Industrials | Machine Tools | 318M | +29.21% | ||
| Consumer Cyclical | Musical Instruments | 630M | +5.60% | ||
| Technology | Other Electronic Equipment & Parts | 585M | +5.71% | ||
| Financials | Other Consumer Lending | 265M | -16.99% | ||
| Real Estate | Residential Real Estate Development | 616M | -3.65% | ||
| Consumer Cyclical | Other Restaurants & Bars | 890M | +33.56% | ||
| Healthcare | Other Biotechnology & Medical Research | 341M | +49.00% | ||
| Healthcare | Biopharmaceuticals | 691M | +58.77% | ||
| Healthcare | Other Healthcare Facilities & Services | 287M | +8.82% | ||
| Healthcare | Medical Devices & Implants | 370M | -30.95% | ||
| Technology | Internet Service Providers | 240M | +3.84% | ||
| Consumer Non-Cyclical | Other Personal Services | 641M | +4.83% | ||
| Healthcare | Medical Supplies | 841M | -16.09% | ||
| Healthcare | Other Healthcare Facilities & Services | 148M | -4.98% | ||
| Healthcare | Alternative Medicine Facilities | 723M | -4.47% | ||
| Healthcare | Medical Equipment | 69.52M | -32.91% | ||
| Healthcare | Medical Devices & Implants | 695M | -1.14% | ||
| Healthcare | Medical Supplies | 124M | -31.08% | ||
| Healthcare | Other Medical Equipment, Supplies & Distribution | 25M | -28.68% | ||
| Consumer Non-Cyclical | Air Fresheners | 30.51M | -9.09% | ||
| Utilities | Sewage Treatment Facilities | 51.33M | -36.00% | ||
| Consumer Non-Cyclical | Other Personal Services | 427M | +52.47% | ||
News of the components
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