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 | 279M | -57.71% | ||
| Basic Materials | Industrial Gas | 298M | +9.71% | ||
| Consumer Non-Cyclical | Other Food Processing | 881M | +4.17% | ||
| Technology | Other Semiconductors | 113M | +18.22% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 844M | +15.24% | ||
| Energy | Other Coal | 690M | -13.49% | ||
| Industrials | Design Services | 198M | - | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 557M | +37.78% | ||
| Technology | Internet Security & Transactions Services | 232M | +48.92% | ||
| Industrials | Heating, Ventilation & Air Conditioning Systems | 667M | +15.86% | ||
| Technology | Other Software | 238M | -9.21% | ||
| Technology | Internet Security & Transactions Services | 419M | +4.36% | ||
| Consumer Non-Cyclical | Dairy Products | 177M | +29.70% | ||
| Energy | Other Oil Related Services and Equipment | 743M | +10.79% | ||
| Consumer Non-Cyclical | Bread & Bakery Product Manufacturing | 886M | +15.27% | ||
| Real Estate | Residential Real Estate Development | 475M | -10.60% | ||
| Consumer Cyclical | Beauty Supply Shop | 392M | +62.50% | ||
| Healthcare | Medical Imaging Systems | 166M | +37.68% | ||
| Technology | Other IT Services & Consulting | 546M | -18.74% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 270M | -3.79% | ||
| Healthcare | Glasses, Spectacles & Contact Lenses | 883M | +30.70% | ||
| Consumer Non-Cyclical | Cigars & Cigarette Manufacturing | 204M | +4.85% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 209M | +10.20% | ||
| Technology | Technology Consulting & Outsourcing Services | 293M | +6.62% | ||
| Basic Materials | Diversified Chemicals | 839M | +2.92% | ||
| Technology | Other Computer Hardware | 138M | +24.79% | ||
| Basic Materials | Fertilizer | 636M | -5.66% | ||
| Technology | Other Internet Services | 120M | +43.08% | ||
| Industrials | Other Construction & Engineering | 44.45M | -13.41% | ||
| Basic Materials | Aluminum Rolling | 40.31M | -15.92% | ||
| Basic Materials | Other Commodity Chemicals | 850M | -22.45% | ||
| Technology | Other Computer Hardware | 279M | +36.03% | ||
| Industrials | Other Ground Freight & Logistics | 527M | +8.11% | ||
| Technology | Semiconductor Machinery Manufacturing | 381M | +80.67% | ||
| Consumer Cyclical | Other Appliances, Tools & Housewares | 275M | -14.85% | ||
| Technology | Semiconductor Testing Equipment & Service | 451M | +16.63% | ||
| Industrials | Electric Construction | 606M | +121.21% | ||
| Consumer Non-Cyclical | Personal Care Services | 608M | -30.15% | ||
| Basic Materials | Other Specialty Chemicals | 563M | -11.10% | ||
| Consumer Non-Cyclical | Other Drug Retailers | 465M | -42.36% | ||
| Technology | Other Software | 766M | -54.20% | ||
| Technology | Satellite Service Operators | 81.61M | -36.27% | ||
| Healthcare | Other Advanced Medical Equipment & Technology | 781M | +19.75% | ||
| Consumer Cyclical | Other Apparel & Accessories | 379M | -25.42% | ||
| Industrials | Other Construction & Engineering | 632M | +7.34% | ||
| Industrials | Taxi & Limousine | 230M | -4.12% | ||
| Technology | Cloud Computing Services | 215M | +0.73% | ||
| Consumer Cyclical | Other Apparel & Accessories | 270M | +4.52% | ||
| Basic Materials | Plastics | 396M | +20.61% | ||
| Industrials | Other Construction & Engineering | 380M | -23.36% | ||
| Consumer Cyclical | Jewelry | 636M | +15.95% | ||
| Basic Materials | Cement & Concrete Manufacturing | 559M | +51.57% | ||
| Utilities | Other Electric Utilities | 92.57M | +132.88% | ||
| Technology | Electronic Component | 441M | +20.23% | ||
| Consumer Cyclical | Pet & Pet Supplies Retailers | 539M | - | ||
| Consumer Cyclical | Tire Dealers | 327M | +15.87% | ||
| Real Estate | Other Real Estate Development & Operations | 884M | -27.75% | ||
| Real Estate | Residential Real Estate Development | 739M | +36.12% | ||
| Industrials | Building Contractors | 858M | +3.76% | ||
| Industrials | Other Construction & Engineering | 399M | -14.71% | ||
| Industrials | Security Services | 617M | +23.91% | ||
| Industrials | Wires & Cables | 950M | +29.52% | ||
| Consumer Cyclical | Engine & Powertrain Systems | 456M | -23.19% | ||
| Real Estate | Other Real Estate Development & Operations | 821M | +72.47% | ||
| Consumer Cyclical | Gyms, Fitness and Spa Centers | 285M | +8.37% | ||
| Technology | Other Semiconductors | 710M | +27.84% | ||
| Industrials | Other Construction & Engineering | 417M | +96.70% | ||
| Consumer Cyclical | Other Apparel & Accessories | 242M | -2.06% | ||
| Real Estate | Other Real Estate Development & Operations | 572M | -21.33% | ||
| Healthcare | Glasses, Spectacles & Contact Lenses | 415M | +31.81% | ||
| Consumer Cyclical | Other Homebuilding | 60.22M | -1.27% | ||
| Technology | Integrated Circuits | 648M | -3.23% | ||
| Consumer Cyclical | Other Computer & Electronics Retailers | 362M | +8.46% | ||
| Consumer Non-Cyclical | Dairy Products | 184M | -14.71% | ||
| Technology | Technology Consulting & Outsourcing Services | 87.23M | -25.15% | ||
| Technology | Other Semiconductor Equipment & Testing | 214M | -33.17% | ||
| Real Estate | Residential Real Estate Development | 699M | -10.52% | ||
| Healthcare | Other Healthcare Facilities & Services | 252M | -24.56% | ||
| Consumer Cyclical | Gift, Novelty & Souvenir Stores | 409M | +15.22% | ||
| Industrials | Other Construction & Engineering | 99.18M | +34.38% | ||
| Technology | Mobile Application Software | 375M | +4.71% | ||
| Healthcare | Medical Devices & Implants | 887M | -8.23% | ||
| Industrials | Other Industrial Machinery & Equipment | 263M | +4.72% | ||
| Industrials | Other Shipbuilding | 328M | +9.57% | ||
| Technology | Internet Security & Transactions Services | 155M | -5.46% | ||
| Technology | Other Software | 205M | -22.57% | ||
| Healthcare | Medical Equipment | 384M | -8.20% | ||
| Services académiques et éducatifs | Miscellaneous Educational Service Providers | 79.61M | +31.55% | ||
| Healthcare | Other Advanced Medical Equipment & Technology | 579M | -51.46% | ||
| Healthcare | Medical Devices & Implants | 165M | -20.13% | ||
| Technology | Satellite Communications Network | 483M | +9.92% | ||
| Healthcare | Hospitals, Clinics & Primary Care Services | 127M | +4.84% | ||
| Healthcare | Other Advanced Medical Equipment & Technology | 203M | -5.80% | ||
| Consumer Non-Cyclical | Other Non-Alcoholic Beverages | 496M | +17.23% | ||
| Healthcare | Other Medical Equipment, Supplies & Distribution | 362M | +32.93% | ||
| Healthcare | Other Pharmaceuticals | 626M | +9.91% | ||
| Consumer Non-Cyclical | Cosmetics & Perfumes | 265M | +29.01% | ||
| Healthcare | Medical Equipment | 296M | -38.84% | ||
| Healthcare | Other Advanced Medical Equipment & Technology | 208M | -0.82% | ||
| Services académiques et éducatifs | Colleges & Secondary Schools | 138M | -42.11% | ||
News of the components
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