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
| Technology | Enterprise Software | 297M | -55.92% | ||
| Basic Materials | Industrial Gas | 288M | +3.56% | ||
| Consumer Non-Cyclical | Other Food Processing | 882M | +4.17% | ||
| Technology | Other Semiconductors | 161M | +19.36% | ||
| Industrials | Electric Construction | 587M | +121.21% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 924M | +23.79% | ||
| Energy | Other Coal | 710M | -11.63% | ||
| Technology | Internet Security & Transactions Services | 232M | +43.39% | ||
| Industrials | Design Services | 194M | - | ||
| Consumer Non-Cyclical | Other Fishing & Farming | 638M | +41.00% | ||
| Consumer Non-Cyclical | Bread & Bakery Product Manufacturing | 829M | +10.44% | ||
| Basic Materials | Other Specialty Chemicals | 562M | -11.64% | ||
| Technology | Other Software | 230M | -11.92% | ||
| Technology | Internet Security & Transactions Services | 404M | +5.77% | ||
| Consumer Cyclical | Other Computer & Electronics Retailers | 980M | +0.22% | ||
| Consumer Non-Cyclical | Dairy Products | 179M | +27.27% | ||
| Healthcare | Medical Imaging Systems | 167M | +34.37% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 266M | -4.27% | ||
| Consumer Cyclical | Beauty Supply Shop | 398M | +71.67% | ||
| Consumer Cyclical | Other Auto Vehicles, Parts & Service Retailers | 258M | +29.58% | ||
| Real Estate | Residential Real Estate Development | 525M | -6.48% | ||
| Technology | Technology Consulting & Outsourcing Services | 287M | +4.96% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 207M | +9.52% | ||
| Technology | Other Computer Hardware | 131M | +18.80% | ||
| Basic Materials | Aluminum Rolling | 47.36M | -1.22% | ||
| Basic Materials | Diversified Chemicals | 865M | +2.58% | ||
| Consumer Cyclical | Other Computer & Electronics Retailers | 347M | +2.69% | ||
| Technology | Other Internet Services | 125M | +39.49% | ||
| Industrials | Outsourcing & Staffing Services | 579M | +72.55% | ||
| Technology | Internet Gaming | 253M | -26.30% | ||
| Healthcare | Other Advanced Medical Equipment & Technology | 206M | -5.63% | ||
| Industrials | Other Ground Freight & Logistics | 551M | +11.00% | ||
| Industrials | Transaction & Payment Services | 226M | +63.85% | ||
| Technology | Semiconductor Machinery Manufacturing | 385M | +75.70% | ||
| Consumer Non-Cyclical | Personal Care Services | 563M | -35.85% | ||
| Industrials | Heating, Ventilation & Air Conditioning Systems | 642M | +9.91% | ||
| Technology | Semiconductor Testing Equipment & Service | 615M | +46.37% | ||
| Technology | Satellite Service Operators | 80.91M | -37.88% | ||
| Consumer Non-Cyclical | Other Drug Retailers | 529M | -37.93% | ||
| Healthcare | Other Advanced Medical Equipment & Technology | 741M | +17.27% | ||
| Basic Materials | Cement & Concrete Manufacturing | 571M | +52.56% | ||
| Industrials | Lighting Equipment | 119M | -33.97% | ||
| Energy | Other Oil Related Services and Equipment | 765M | +12.83% | ||
| Consumer Cyclical | Other Apparel & Accessories | 368M | -25.85% | ||
| Technology | Other IT Services & Consulting | 588M | -13.56% | ||
| Industrials | Taxi & Limousine | 231M | -4.12% | ||
| Industrials | Other Construction & Engineering | 655M | +12.39% | ||
| Healthcare | Glasses, Spectacles & Contact Lenses | 921M | +35.09% | ||
| Consumer Cyclical | Other Apparel & Accessories | 280M | +2.18% | ||
| Basic Materials | Plastics | 408M | +21.83% | ||
| Consumer Non-Cyclical | Cigars & Cigarette Manufacturing | 198M | -0.30% | ||
| Consumer Cyclical | Jewelry | 605M | +12.80% | ||
| Utilities | Other Electric Utilities | 89.8M | +136.99% | ||
| Technology | Electronic Component | 421M | +19.07% | ||
| Basic Materials | Fertilizer | 662M | -0.46% | ||
| Consumer Cyclical | Pet & Pet Supplies Retailers | 660M | - | ||
| Industrials | Building Contractors | 956M | +19.17% | ||
| Real Estate | Other Real Estate Development & Operations | 905M | -23.24% | ||
| Consumer Cyclical | Engine & Powertrain Systems | 471M | -23.91% | ||
| Industrials | Wires & Cables | 985M | +31.98% | ||
| Industrials | Security Services | 652M | +29.26% | ||
| Consumer Cyclical | Gyms, Fitness and Spa Centers | 282M | +7.06% | ||
| Industrials | Other Construction & Engineering | 409M | +100.00% | ||
| Consumer Cyclical | Other Appliances, Tools & Housewares | 274M | -12.66% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 585M | +52.44% | ||
| Healthcare | Medical Devices & Implants | 904M | -4.76% | ||
| Industrials | Other Shipbuilding | 326M | +10.64% | ||
| Healthcare | Glasses, Spectacles & Contact Lenses | 467M | +31.52% | ||
| Technology | Integrated Circuits | 621M | -10.41% | ||
| Consumer Non-Cyclical | Other Non-Alcoholic Beverages | 610M | +44.19% | ||
| Basic Materials | Cement & Concrete Manufacturing | 469M | +45.28% | ||
| Consumer Cyclical | Tire Dealers | 312M | +11.09% | ||
| Consumer Cyclical | Other Homebuilding | 59.42M | -3.80% | ||
| Consumer Cyclical | Sports & Outdoors Retailers | 389M | -19.69% | ||
| Real Estate | Residential Real Estate Development | 807M | +40.64% | ||
| Industrials | Other Construction & Engineering | 390M | -16.37% | ||
| Technology | Other Semiconductor Equipment & Testing | 216M | -36.19% | ||
| Technology | Other IT Services & Consulting | 470M | -68.52% | ||
| Healthcare | Other Healthcare Facilities & Services | 249M | -24.31% | ||
| Consumer Cyclical | Gift, Novelty & Souvenir Stores | 376M | +12.32% | ||
| Consumer Cyclical | Other Apparel & Accessories | 244M | -3.12% | ||
| Technology | Mobile Application Software | 408M | +14.44% | ||
| Technology | Integrated Circuits | 957M | +5.59% | ||
| Healthcare | Hospitals, Clinics & Primary Care Services | 125M | +4.84% | ||
| Real Estate | Other Real Estate Development & Operations | 574M | -21.33% | ||
| Technology | Semiconductor Machinery Manufacturing | 201M | -2.79% | ||
| Industrials | Other Construction & Engineering | 488M | -10.66% | ||
| Industrials | Highway & Bridge Construction | 892M | -12.98% | ||
| Healthcare | Medical Devices & Implants | 690M | -12.02% | ||
| Consumer Cyclical | Other Homebuilding | 642M | +126.67% | ||
| Healthcare | Medical Equipment | 378M | -14.25% | ||
| Services académiques et éducatifs | Miscellaneous Educational Service Providers | 82.89M | +34.64% | ||
| Healthcare | Other Advanced Medical Equipment & Technology | 200M | -10.06% | ||
| Healthcare | Medical Devices & Implants | 170M | -18.72% | ||
| Technology | Other Integrated Telecommunications Services | 379M | 0.00% | ||
| Healthcare | Other Medical Equipment, Supplies & Distribution | 345M | +20.90% | ||
| Services académiques et éducatifs | Colleges & Secondary Schools | 132M | -44.21% | ||
| Consumer Non-Cyclical | Other Fishing & Farming | 680M | +19.57% | ||
| Technology | Security & Surveillance | 970M | +29.54% | ||
| Consumer Non-Cyclical | Animal Slaughtering & Processing | 323M | -22.56% | ||
News of the components
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