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 | Diversified Industrial Goods Wholesale | 461M | -21.20% | ||
| Technology | Enterprise Software | 254M | +5.48% | ||
| Technology | Other Software | 785M | -12.05% | ||
| Industrials | Locomotive Engines & Rolling Stock | 259M | -28.64% | ||
| Technology | Other Internet Services | 382M | +86.21% | ||
| Energy | Other Oil & Gas Exploration and Production | 36.25M | +7.41% | ||
| Technology | Application Software | 848M | -16.17% | ||
| Financials | Investment Management | 578M | +65.48% | ||
| Energy | Oil Exploration & Production - Offshore | 862M | +39.49% | ||
| Technology | Other Integrated Telecommunications Services | 564M | +75.11% | ||
| Basic Materials | Gold Mining | 329M | -34.85% | ||
| Energy | Oil Related Services | 445M | +49.40% | ||
| Technology | Other Software | 591M | -2.11% | ||
| Industrials | Other Business Support Services | 318M | -28.31% | ||
| Healthcare | Specialty & Advanced Pharmaceuticals | 772M | +45.76% | ||
| Consumer Cyclical | Digital Media Agencies | 749M | -15.16% | ||
| Technology | Other Internet Services | 762M | +8.80% | ||
| Technology | Other Software | 694M | +8.24% | ||
| Basic Materials | Gold Mining | 500M | -16.93% | ||
| Healthcare | Bio Therapeutic Drugs | 885M | +4.55% | ||
| Energy | Oil Exploration & Production - Onshore | 453M | +8.24% | ||
| Financials | Other Consumer Lending | 617M | -30.77% | ||
| Energy | Other Oil & Gas Exploration and Production | 190M | +38.45% | ||
| Industrials | Other Environmental Services & Equipment | 294M | +6.19% | ||
| Energy | Oil Related Services | 859M | +9.55% | ||
| Consumer Cyclical | Other Advertising & Marketing | 553M | +50.92% | ||
| Financials | Insurance Brokers | 413M | -39.47% | ||
| Services académiques et éducatifs | Miscellaneous Educational Service Providers | 431M | -21.98% | ||
| Consumer Cyclical | Cafés | 173M | -63.91% | ||
| Technology | Integrated Hardware & Software | 367M | -3.73% | ||
| Financials | Insurance Brokers | 332M | -11.30% | ||
| Financials | Other Investment Management & Fund Operators | 659M | -35.89% | ||
| Industrials | Other Construction & Engineering | 891M | -4.05% | ||
| Energy | Other Oil & Gas Exploration and Production | 45.15M | +26.09% | ||
| Industrials | Other Construction & Engineering | 551M | +36.82% | ||
| Consumer Cyclical | Other Apparel & Accessories | 919M | -25.24% | ||
| Industrials | Other Aerospace & Defense | 430M | +107.79% | ||
| Technology | Other Software | 197M | -3.87% | ||
| Industrials | Other Marine Freight & Logistics | 470M | +4.36% | ||
| Energy | Other Oil & Gas Exploration and Production | 314M | +24.68% | ||
| Energy | Other Oil & Gas Exploration and Production | 624M | +55.94% | ||
| Technology | Security Software | 427M | -11.19% | ||
| Technology | Other Software | 433M | -18.18% | ||
| Energy | Natural Gas Exploration & Production - Onshore | 243M | +31.62% | ||
| Industrials | Deep Sea Freight | 506M | +31.34% | ||
| Utilities | Biomass & Waste to Energy Electric Utilities | 235M | -1.20% | ||
| Industrials | Deep Sea Freight | 321M | +60.56% | ||
| Technology | Other IT Services & Consulting | 26.64M | -41.79% | ||
| Technology | Social Media & Networking | 953M | +19.05% | ||
| Technology | Broadcasting Equipment | 941M | +26.45% | ||
| Energy | Stationary Fuel Cells | 892M | +18.86% | ||
| Energy | Other Oil & Gas Exploration and Production | 669M | +39.68% | ||
| Industrials | Transaction & Payment Services | 486M | +68.93% | ||
| Technology | Other Software | 664M | -36.52% | ||
| Energy | Other Oil & Gas Drilling | 170M | +24.25% | ||
| Healthcare | Bio Therapeutic Drugs | 570M | -18.84% | ||
| Basic Materials | Other Precious Metals & Minerals | 307M | -5.44% | ||
| Financials | Other Investment Management & Fund Operators | 481M | -11.86% | ||
| Industrials | Financial Information Providers | 372M | +102.58% | ||
| Energy | Other Renewable Fuels | 370M | +234.59% | ||
| Industrials | Other Business Support Services | 422M | +30.82% | ||
| Energy | Oil Exploration & Production - Onshore | 669M | +36.09% | ||
| Industrials | Other Business Support Services | 531M | -50.81% | ||
| Industrials | Aerospace & Defense Electronics | 329M | -3.01% | ||
| Healthcare | Other Advanced Medical Equipment & Technology | 367M | +52.27% | ||
| Energy | Sea-Borne Tankers | 660M | +52.79% | ||
| Financials | Other Consumer Lending | 732M | +4.73% | ||
| Financials | Other Banks | 804M | +64.88% | ||
| Healthcare | Other Pharmaceuticals | 303M | +11.29% | ||
| Technology | Other Software | 208M | -28.16% | ||
| Financials | Other Banks | 601M | +22.93% | ||
| Energy | Other Oil Related Services and Equipment | 989M | +11.45% | ||
| Energy | Other Oil Related Services and Equipment | 706M | +6.76% | ||
| Healthcare | Other Medical Equipment, Supplies & Distribution | 294M | -12.55% | ||
| Financials | Commercial Banks | 729M | +20.36% | ||
| Financials | Other Banks | 304M | +9.17% | ||
| Healthcare | Specialty & Advanced Pharmaceuticals | 655M | +18.10% | ||
| Financials | Private Equity | 802M | +20.26% | ||
| Healthcare | Bio Therapeutic Drugs | 316M | -0.37% | ||
| Financials | Other Banks | 797M | +25.95% | ||
| Technology | Enterprise Software | 626M | -20.48% | ||
| Energy | Other Oil Related Services and Equipment | 615M | +58.12% | ||
| Consumer Cyclical | Copyright Management | 553M | +22.04% | ||
| Technology | Other Software | 399M | -23.61% | ||
| Healthcare | Other Biotechnology & Medical Research | 348M | +10.91% | ||
| Technology | Other Internet Services | 630M | -7.62% | ||
| Real Estate | Industrial REITs | 419M | +3.42% | ||
| Technology | Other IT Services & Consulting | 125M | +140.97% | ||
| Technology | Other Software | 82.62M | -38.92% | ||
| Technology | Other Software | 394M | +21.98% | ||
| Technology | Security Software | 574M | +20.64% | ||
| Energy | Integrated Oil & Gas | 523M | +29.96% | ||
| Healthcare | Other Medical Equipment, Supplies & Distribution | 221M | -10.04% | ||
| Real Estate | Mortgage REITs | 822M | +25.34% | ||
| Financials | Other Banks | 283M | +12.36% | ||
| Technology | Mobile Application Software | 879M | +84.45% | ||
| Financials | Retail & Mortgage Banks | 740M | +10.33% | ||
| Consumer Cyclical | Lottery Operators | 332M | -11.11% | ||
| Healthcare | Other Biotechnology & Medical Research | 318M | -28.12% | ||
| Healthcare | Medical Equipment | 623M | -4.76% | ||
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