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 | 793M | -4.86% | ||
| Basic Materials | Industrial Gas | 281M | +5.18% | ||
| Consumer Cyclical | Gyms, Fitness and Spa Centers | 289M | +11.76% | ||
| Technology | Enterprise Software | 309M | -54.27% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 689M | -4.46% | ||
| Consumer Cyclical | Jewelry | 598M | -52.45% | ||
| Healthcare | Medical Devices & Implants | 164M | -16.13% | ||
| Healthcare | Medical Imaging Systems | 135M | +16.27% | ||
| Industrials | Testing & Measuring Equipment | 83.04M | -40.74% | ||
| Energy | Other Coal | 593M | -24.65% | ||
| Consumer Non-Cyclical | Personal Care Services | 610M | -29.41% | ||
| Industrials | Electric Construction | 476M | +77.58% | ||
| Technology | Semiconductor Testing Equipment & Service | 368M | -8.20% | ||
| Industrials | Outsourcing & Staffing Services | 572M | +6.48% | ||
| Real Estate | Other Real Estate Development & Operations | 486M | -32.67% | ||
| Consumer Cyclical | Other Apparel & Accessories | 303M | +28.75% | ||
| Industrials | Heating, Ventilation & Air Conditioning Systems | 645M | +17.48% | ||
| Consumer Non-Cyclical | Dairy Products | 164M | +22.42% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 237M | -14.22% | ||
| Basic Materials | Plastics | 368M | +17.29% | ||
| Consumer Cyclical | Other Apparel & Accessories | 373M | -25.00% | ||
| Healthcare | Other Advanced Medical Equipment & Technology | 810M | +27.39% | ||
| Industrials | Other Construction & Engineering | 365M | -26.23% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 655M | +63.56% | ||
| Consumer Non-Cyclical | Cigars & Cigarette Manufacturing | 184M | -3.94% | ||
| Consumer Cyclical | Other Computer & Electronics Retailers | 732M | -24.29% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 203M | +9.52% | ||
| Energy | Other Oil Related Services and Equipment | 664M | -0.29% | ||
| Technology | Other Internet Services | 93.2M | +3.85% | ||
| Consumer Cyclical | Discount Stores with Grocery | 665M | +4.02% | ||
| Consumer Cyclical | Other Apparel & Accessories | 241M | -5.54% | ||
| Consumer Non-Cyclical | Bread & Bakery Product Manufacturing | 749M | +0.73% | ||
| Technology | Other IT Services & Consulting | 544M | -17.55% | ||
| Technology | Electronic Component | 338M | -6.03% | ||
| Consumer Cyclical | Beauty Supply Shop | 352M | +48.33% | ||
| Technology | Other Software | 236M | -9.00% | ||
| Technology | Other IT Services & Consulting | 305M | +12.53% | ||
| Industrials | Building Contractors | 759M | -7.14% | ||
| Consumer Cyclical | Pet & Pet Supplies Retailers | 552M | - | ||
| Consumer Cyclical | Tire Dealers | 301M | +10.43% | ||
| Basic Materials | Fertilizer | 594M | -9.63% | ||
| Industrials | Other Construction & Engineering | 382M | -16.66% | ||
| Basic Materials | Diversified Chemicals | 821M | +5.72% | ||
| Technology | Other Computer Hardware | 131M | +21.37% | ||
| Consumer Non-Cyclical | Supermarkets & Convenience Stores | 525M | -27.69% | ||
| Real Estate | Residential Real Estate Development | 708M | -9.59% | ||
| Technology | Semiconductor Machinery Manufacturing | 391M | +85.65% | ||
| Industrials | Other Construction & Engineering | 95.39M | +64.06% | ||
| Consumer Non-Cyclical | Other Drug Retailers | 478M | -44.66% | ||
| Technology | Other Semiconductors | 110M | -13.49% | ||
| Consumer Cyclical | Other Appliances, Tools & Housewares | 258M | -19.65% | ||
| Real Estate | Residential Real Estate Development | 514M | -8.09% | ||
| Industrials | Other Construction & Engineering | 560M | -3.67% | ||
| Technology | Satellite Service Operators | 79.77M | -36.10% | ||
| Consumer Non-Cyclical | Cosmetics & Perfumes | 590M | +21.17% | ||
| Industrials | Other Shipbuilding | 376M | +28.72% | ||
| Technology | Satellite Communications Network | 426M | +2.35% | ||
| Technology | Electronic Component | 503M | +28.24% | ||
| Healthcare | Other Pharmaceuticals | 563M | +6.30% | ||
| Basic Materials | Cement & Concrete Manufacturing | 414M | +11.61% | ||
| Basic Materials | Other Commodity Chemicals | 839M | -20.60% | ||
| Consumer Cyclical | Other Computer & Electronics Retailers | 281M | -14.10% | ||
| Consumer Cyclical | Sports & Outdoors Retailers | 959M | -9.70% | ||
| Real Estate | Residential Real Estate Development | 720M | +21.13% | ||
| Industrials | Wires & Cables | 976M | +34.73% | ||
| Utilities | Other Electric Utilities | 61.31M | +56.16% | ||
| Basic Materials | Other Specialty Chemicals | 556M | +88.03% | ||
| Technology | Technology Consulting & Outsourcing Services | 72.9M | -34.21% | ||
| Healthcare | Glasses, Spectacles & Contact Lenses | 787M | +16.32% | ||
| Consumer Cyclical | Digital Publishing | 60.3M | -25.18% | ||
| Real Estate | Other Real Estate Development & Operations | 830M | +74.33% | ||
| Industrials | Other Construction & Engineering | 317M | +51.65% | ||
| Technology | Other Semiconductors | 723M | +26.91% | ||
| Industrials | Other Construction & Engineering | 186M | +47.57% | ||
| Technology | Mobile Application Software | 382M | +0.40% | ||
| Industrials | Other Industrial Machinery & Equipment | 263M | +6.18% | ||
| Consumer Cyclical | Jewelry | 651M | +20.41% | ||
| Technology | Integrated Circuits | 720M | +11.27% | ||
| Consumer Cyclical | Other Entertainment Production | 224M | +47.66% | ||
| Basic Materials | Other Specialty Chemicals | 496M | -19.18% | ||
| Industrials | Taxi & Limousine | 224M | -5.29% | ||
| Technology | Integrated Circuits | 975M | +18.22% | ||
| Technology | Internet Security & Transactions Services | 151M | -6.61% | ||
| Technology | Other IT Services & Consulting | 690M | +23.86% | ||
| Consumer Cyclical | Other Homebuilding | 57.19M | -5.06% | ||
| Healthcare | Other Medical Equipment, Supplies & Distribution | 309M | +14.78% | ||
| Healthcare | Other Advanced Medical Equipment & Technology | 175M | -14.12% | ||
| Technology | Semiconductor Machinery Manufacturing | 188M | -3.77% | ||
| Technology | Other IT Services & Consulting | 820M | -34.83% | ||
| Healthcare | Diagnostic & Testing Substances | 941M | -19.26% | ||
| Healthcare | Other Healthcare Facilities & Services | 284M | -10.28% | ||
| Consumer Non-Cyclical | Cosmetics & Perfumes | 904M | -44.72% | ||
| Consumer Non-Cyclical | Cosmetics & Perfumes | 199M | +1.36% | ||
| Healthcare | Other Advanced Medical Equipment & Technology | 713M | -36.93% | ||
| Services académiques et éducatifs | Miscellaneous Educational Service Providers | 86.41M | +49.54% | ||
| Healthcare | Medical Devices & Implants | 816M | -16.41% | ||
| Healthcare | Glasses, Spectacles & Contact Lenses | 356M | +4.87% | ||
| Consumer Non-Cyclical | Other Drug Retailers | 899M | -10.75% | ||
| Healthcare | Hospitals, Clinics & Primary Care Services | 119M | +0.81% | ||
| Healthcare | Medical Equipment | 306M | -35.55% | ||
News of the components
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