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
| Consumer Non-Cyclical | Other Food Processing | 807M | -2.43% | ||
| Consumer Cyclical | Gyms, Fitness and Spa Centers | 276M | +6.14% | ||
| Basic Materials | Industrial Gas | 302M | +15.21% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 671M | -6.32% | ||
| Healthcare | Medical Imaging Systems | 130M | +13.97% | ||
| Consumer Cyclical | Jewelry | 914M | -27.47% | ||
| Consumer Non-Cyclical | Personal Care Services | 557M | -35.11% | ||
| Energy | Other Coal | 567M | -27.44% | ||
| Healthcare | Medical Devices & Implants | 164M | -14.39% | ||
| Industrials | Electric Construction | 453M | +74.55% | ||
| Technology | Other Software | 702M | -57.69% | ||
| Industrials | Outsourcing & Staffing Services | 581M | +12.12% | ||
| Consumer Cyclical | Other Apparel & Accessories | 320M | +38.44% | ||
| Technology | Semiconductor Testing Equipment & Service | 387M | -1.64% | ||
| Industrials | Heating, Ventilation & Air Conditioning Systems | 606M | +12.43% | ||
| Consumer Non-Cyclical | Dairy Products | 170M | +26.06% | ||
| Industrials | Other Construction & Engineering | 334M | -31.28% | ||
| Basic Materials | Plastics | 354M | +14.92% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 241M | -12.32% | ||
| Consumer Cyclical | Other Apparel & Accessories | 383M | -23.52% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 205M | +9.52% | ||
| Healthcare | Other Advanced Medical Equipment & Technology | 885M | +39.28% | ||
| Consumer Cyclical | Other Computer & Electronics Retailers | 774M | -20.21% | ||
| Energy | Other Oil Related Services and Equipment | 756M | +13.12% | ||
| Consumer Non-Cyclical | Bread & Bakery Product Manufacturing | 767M | +1.82% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 746M | +84.89% | ||
| Technology | Electronic Component | 336M | -4.86% | ||
| Technology | Other IT Services & Consulting | 279M | +2.36% | ||
| Consumer Cyclical | Other Computer & Electronics Retailers | 328M | 0.00% | ||
| Consumer Cyclical | Beauty Supply Shop | 360M | +50.00% | ||
| Technology | Other Software | 235M | -8.37% | ||
| Consumer Cyclical | Discount Stores with Grocery | 616M | -4.41% | ||
| Technology | Other Internet Services | 109M | +24.10% | ||
| Basic Materials | Diversified Chemicals | 768M | +0.79% | ||
| Consumer Cyclical | Pet & Pet Supplies Retailers | 546M | - | ||
| Industrials | Wires & Cables | 897M | +26.19% | ||
| Industrials | Other Construction & Engineering | 391M | -15.38% | ||
| Consumer Non-Cyclical | Supermarkets & Convenience Stores | 521M | -27.69% | ||
| Basic Materials | Fertilizer | 678M | +2.91% | ||
| Consumer Cyclical | Tire Dealers | 297M | +8.70% | ||
| Real Estate | Residential Real Estate Development | 675M | -14.34% | ||
| Technology | Semiconductor Machinery Manufacturing | 382M | +85.07% | ||
| Industrials | Testing & Measuring Equipment | 78.45M | -42.94% | ||
| Technology | Enterprise Software | 304M | -54.55% | ||
| Consumer Non-Cyclical | Other Drug Retailers | 515M | -41.54% | ||
| Industrials | Other Construction & Engineering | 90.85M | +57.81% | ||
| Technology | Other Semiconductors | 105M | -16.36% | ||
| Basic Materials | Diversified Chemicals | 657M | -33.72% | ||
| Technology | Other Internet Services | 700M | +10.86% | ||
| Real Estate | Residential Real Estate Development | 545M | -1.60% | ||
| Basic Materials | Other Specialty Chemicals | 474M | -21.23% | ||
| Industrials | Other Shipbuilding | 339M | +15.96% | ||
| Industrials | Other Construction & Engineering | 573M | -1.83% | ||
| Real Estate | Other Real Estate Development & Operations | 594M | -18.00% | ||
| Consumer Non-Cyclical | Cosmetics & Perfumes | 589M | +23.27% | ||
| Technology | Satellite Service Operators | 78.93M | -35.56% | ||
| Consumer Cyclical | Other Appliances, Tools & Housewares | 287M | -10.70% | ||
| Consumer Non-Cyclical | Cigars & Cigarette Manufacturing | 183M | -3.94% | ||
| Technology | Electronic Component | 518M | +34.35% | ||
| Technology | Satellite Communications Network | 434M | +6.39% | ||
| Basic Materials | Cement & Concrete Manufacturing | 404M | +7.60% | ||
| Basic Materials | Other Commodity Chemicals | 795M | -23.28% | ||
| Healthcare | Other Pharmaceuticals | 582M | +11.95% | ||
| Technology | Other IT Services & Consulting | 555M | -17.69% | ||
| Healthcare | Other Medical Equipment, Supplies & Distribution | 275M | +3.98% | ||
| Consumer Cyclical | Sports & Outdoors Retailers | 937M | -11.19% | ||
| Industrials | Building Contractors | 731M | -12.03% | ||
| Healthcare | Other Advanced Medical Equipment & Technology | 167M | -16.83% | ||
| Technology | Application Software | 176M | +22.44% | ||
| Technology | Other IT Services & Consulting | 841M | -33.29% | ||
| Real Estate | Residential Real Estate Development | 836M | +39.45% | ||
| Consumer Cyclical | Engine & Powertrain Systems | 415M | -24.93% | ||
| Technology | Technology Consulting & Outsourcing Services | 68.79M | -36.73% | ||
| Technology | Other Semiconductor Equipment & Testing | 263M | -16.09% | ||
| Industrials | Other Construction & Engineering | 334M | +57.14% | ||
| Healthcare | Other Healthcare Facilities & Services | 264M | -15.79% | ||
| Industrials | Other Construction & Engineering | 183M | +49.51% | ||
| Technology | Other Semiconductors | 686M | +22.74% | ||
| Industrials | Other Industrial Machinery & Equipment | 237M | -2.44% | ||
| Technology | Mobile Application Software | 394M | +2.60% | ||
| Consumer Cyclical | Jewelry | 644M | +18.84% | ||
| Industrials | Taxi & Limousine | 221M | -5.88% | ||
| Technology | Integrated Circuits | 786M | +20.66% | ||
| Consumer Cyclical | Other Entertainment Production | 237M | +55.14% | ||
| Technology | Internet Security & Transactions Services | 152M | -6.61% | ||
| Technology | Other IT Services & Consulting | 673M | +23.86% | ||
| Consumer Cyclical | Other Homebuilding | 58.14M | -2.53% | ||
| Technology | Other IT Services & Consulting | 129M | +41.18% | ||
| Services académiques et éducatifs | Miscellaneous Educational Service Providers | 78.37M | +38.23% | ||
| Healthcare | Other Advanced Medical Equipment & Technology | 806M | -27.36% | ||
| Consumer Non-Cyclical | Cosmetics & Perfumes | 201M | +4.14% | ||
| Healthcare | Medical Devices & Implants | 836M | -13.51% | ||
| Healthcare | Glasses, Spectacles & Contact Lenses | 389M | +13.75% | ||
| Healthcare | Hospitals, Clinics & Primary Care Services | 121M | +1.81% | ||
| Healthcare | Other Pharmaceuticals | 469M | -10.71% | ||
| Healthcare | Medical Equipment | 317M | -32.00% | ||
| Healthcare | Medical Equipment | 371M | -10.59% | ||
| Consumer Non-Cyclical | Other Non-Alcoholic Beverages | 454M | +12.36% | ||
| Technology | Security & Surveillance | 842M | +11.54% | ||
| Consumer Cyclical | Household Appliances | 634M | -24.87% | ||
News of the components
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