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
| Real Estate | Residential Real Estate Development | 682M | -14.99% | ||
| Consumer Non-Cyclical | Other Food Processing | 785M | -7.29% | ||
| Consumer Cyclical | Gyms, Fitness and Spa Centers | 287M | +5.62% | ||
| Basic Materials | Industrial Gas | 323M | +21.84% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 647M | -10.41% | ||
| Healthcare | Other Healthcare Facilities & Services | 281M | -16.29% | ||
| Consumer Non-Cyclical | Personal Care Services | 526M | -41.18% | ||
| Healthcare | Medical Imaging Systems | 127M | +11.68% | ||
| Industrials | Electric Construction | 452M | +69.09% | ||
| Industrials | Other Construction & Engineering | 85.06M | +40.62% | ||
| Consumer Cyclical | Other Apparel & Accessories | 284M | +24.00% | ||
| Healthcare | Medical Devices & Implants | 160M | -17.10% | ||
| Consumer Non-Cyclical | Dairy Products | 161M | +21.21% | ||
| Consumer Non-Cyclical | Cosmetics & Perfumes | 443M | -0.75% | ||
| Industrials | Heating, Ventilation & Air Conditioning Systems | 568M | +6.67% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 200M | +7.48% | ||
| Consumer Cyclical | Other Apparel & Accessories | 407M | -19.49% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 236M | -15.64% | ||
| Industrials | Other Shipbuilding | 344M | +17.02% | ||
| Consumer Non-Cyclical | Bread & Bakery Product Manufacturing | 752M | -2.55% | ||
| Basic Materials | Plastics | 381M | +19.01% | ||
| Energy | Other Oil Related Services and Equipment | 738M | +9.33% | ||
| Technology | Other IT Services & Consulting | 518M | -23.19% | ||
| Consumer Cyclical | Other Computer & Electronics Retailers | 827M | -17.06% | ||
| Technology | Other Internet Services | 86.26M | +5.38% | ||
| Real Estate | Residential Real Estate Development | 853M | +50.04% | ||
| Technology | Electronic Component | 381M | +5.45% | ||
| Consumer Cyclical | Other Appliances, Tools & Housewares | 283M | -7.64% | ||
| Technology | Other IT Services & Consulting | 270M | -3.55% | ||
| Consumer Cyclical | Beauty Supply Shop | 372M | +48.33% | ||
| Consumer Cyclical | Other Computer & Electronics Retailers | 334M | +0.26% | ||
| Basic Materials | Diversified Chemicals | 723M | -4.71% | ||
| Consumer Non-Cyclical | Supermarkets & Convenience Stores | 525M | -27.69% | ||
| Industrials | Other Construction & Engineering | 404M | -13.57% | ||
| Technology | Electronic Component | 54.17M | -44.31% | ||
| Consumer Non-Cyclical | Cosmetics & Perfumes | 567M | -66.04% | ||
| Technology | Other Semiconductor Equipment & Testing | 265M | -18.06% | ||
| Industrials | Other Construction & Engineering | 297M | +41.76% | ||
| Services académiques et éducatifs | Miscellaneous Educational Service Providers | 67.83M | +21.53% | ||
| Industrials | Other Construction & Engineering | 195M | +49.51% | ||
| Consumer Non-Cyclical | Other Drug Retailers | 529M | -38.10% | ||
| Technology | Other Semiconductors | 95.89M | -25.01% | ||
| Industrials | Other Industrial Machinery & Equipment | 236M | -3.58% | ||
| Consumer Cyclical | Jewelry | 562M | +1.76% | ||
| Technology | Semiconductor Testing Equipment & Service | 418M | +11.48% | ||
| Basic Materials | Diversified Chemicals | 703M | -30.29% | ||
| Industrials | Other Construction & Engineering | 530M | -8.26% | ||
| Technology | Other Software | 765M | -56.70% | ||
| Industrials | Lighting Equipment | 102M | -42.53% | ||
| Industrials | Other Construction & Engineering | 364M | -27.87% | ||
| Industrials | Taxi & Limousine | 236M | -0.88% | ||
| Basic Materials | Other Specialty Chemicals | 509M | -16.85% | ||
| Basic Materials | Cement & Concrete Manufacturing | 420M | +9.13% | ||
| Technology | Electronic Component | 512M | +29.77% | ||
| Consumer Non-Cyclical | Cigars & Cigarette Manufacturing | 195M | +0.30% | ||
| Energy | Other Coal | 571M | -31.16% | ||
| Healthcare | Other Pharmaceuticals | 522M | -0.70% | ||
| Technology | Other Software | 236M | -9.62% | ||
| Technology | Satellite Communications Network | 508M | +18.15% | ||
| Basic Materials | Other Commodity Chemicals | 948M | -14.41% | ||
| Healthcare | Other Pharmaceuticals | 450M | -5.44% | ||
| Healthcare | Other Advanced Medical Equipment & Technology | 155M | -22.63% | ||
| Healthcare | Other Advanced Medical Equipment & Technology | 710M | +13.45% | ||
| Technology | Application Software | 179M | +14.10% | ||
| Industrials | Outsourcing & Staffing Services | 560M | +7.71% | ||
| Industrials | Commercial Equipment Rental | 678M | +10.64% | ||
| Real Estate | Other Real Estate Development & Operations | 426M | -25.28% | ||
| Technology | Other Semiconductors | 746M | +36.19% | ||
| Technology | Other IT Services & Consulting | 34.77M | +2.94% | ||
| Technology | Enterprise Software | 335M | -50.14% | ||
| Technology | Mobile Application Software | 379M | +3.52% | ||
| Technology | Electronic Component | 399M | +18.97% | ||
| Real Estate | Residential Real Estate Development | 576M | +7.40% | ||
| Consumer Cyclical | Other Entertainment Production | 210M | +36.45% | ||
| Technology | Semiconductor Machinery Manufacturing | 454M | +117.86% | ||
| Healthcare | Glasses, Spectacles & Contact Lenses | 382M | +8.88% | ||
| Technology | Integrated Circuits | 930M | +32.39% | ||
| Technology | Internet Security & Transactions Services | 157M | -6.90% | ||
| Technology | Other IT Services & Consulting | 782M | +32.99% | ||
| Technology | Other IT Services & Consulting | 111M | +20.26% | ||
| Consumer Cyclical | Other Homebuilding | 59.09M | -1.27% | ||
| Industrials | Building Contractors | 727M | -10.15% | ||
| Consumer Cyclical | Tire & Tube Manufacturers | 835M | -14.85% | ||
| Technology | Satellite Service Operators | 103M | -20.68% | ||
| Consumer Cyclical | Engine & Powertrain Systems | 420M | -24.78% | ||
| Consumer Cyclical | Other Apparel & Accessories Retailers | 875M | +5.41% | ||
| Consumer Cyclical | Gambling & Gaming Machine Manufacturers | 102M | +20.31% | ||
| Basic Materials | Platinum Mining | 437M | -9.14% | ||
| Consumer Cyclical | Gift, Novelty & Souvenir Stores | 366M | +7.25% | ||
| Industrials | Testing & Measuring Equipment | 84.62M | -38.29% | ||
| Healthcare | Medical Devices & Implants | 758M | -24.89% | ||
| Industrials | Highway & Bridge Construction | 967M | -5.59% | ||
| Technology | Other Integrated Telecommunications Services | 435M | +18.35% | ||
| Healthcare | Other Advanced Medical Equipment & Technology | 816M | -25.75% | ||
| Healthcare | Bio Therapeutic Drugs | 942M | -11.45% | ||
| Consumer Non-Cyclical | Cosmetics & Perfumes | 172M | -8.33% | ||
| Healthcare | Hospitals, Clinics & Primary Care Services | 119M | 0.00% | ||
| Healthcare | Diagnostic & Testing Substances | 960M | -20.92% | ||
| Consumer Non-Cyclical | Other Non-Alcoholic Beverages | 457M | +8.61% | ||
| Healthcare | Medical Equipment | 319M | -31.35% | ||
News of the components
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