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 | 685M | -14.15% | ||
| Consumer Non-Cyclical | Other Food Processing | 768M | -7.99% | ||
| Consumer Cyclical | Gyms, Fitness and Spa Centers | 289M | +9.67% | ||
| Basic Materials | Industrial Gas | 325M | +28.64% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 642M | -11.15% | ||
| Consumer Non-Cyclical | Personal Care Services | 540M | -39.15% | ||
| Healthcare | Other Healthcare Facilities & Services | 292M | -11.28% | ||
| Healthcare | Medical Imaging Systems | 128M | +16.01% | ||
| Industrials | Electric Construction | 450M | +69.70% | ||
| Industrials | Other Construction & Engineering | 85.82M | +46.88% | ||
| Consumer Cyclical | Other Apparel & Accessories | 290M | +30.00% | ||
| Healthcare | Medical Devices & Implants | 161M | -12.99% | ||
| Consumer Non-Cyclical | Dairy Products | 163M | +21.21% | ||
| Technology | Semiconductor Testing Equipment & Service | 401M | +11.71% | ||
| Consumer Non-Cyclical | Cosmetics & Perfumes | 462M | +0.15% | ||
| Industrials | Heating, Ventilation & Air Conditioning Systems | 591M | +13.69% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 201M | +7.48% | ||
| Consumer Cyclical | Other Apparel & Accessories | 414M | -18.22% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 240M | -13.27% | ||
| Industrials | Other Shipbuilding | 349M | +20.21% | ||
| Consumer Cyclical | Other Appliances, Tools & Housewares | 290M | -12.01% | ||
| Consumer Non-Cyclical | Bread & Bakery Product Manufacturing | 771M | +0.22% | ||
| Basic Materials | Plastics | 383M | +28.68% | ||
| Energy | Other Oil Related Services and Equipment | 754M | +13.12% | ||
| Consumer Cyclical | Other Computer & Electronics Retailers | 833M | -13.85% | ||
| Technology | Other Internet Services | 83.62M | -1.54% | ||
| Technology | Other IT Services & Consulting | 526M | -22.36% | ||
| Real Estate | Residential Real Estate Development | 850M | +47.23% | ||
| Technology | Electronic Component | 377M | +10.51% | ||
| Technology | Other IT Services & Consulting | 294M | +6.38% | ||
| Consumer Cyclical | Other Computer & Electronics Retailers | 330M | +0.64% | ||
| Basic Materials | Diversified Chemicals | 738M | +0.34% | ||
| Consumer Non-Cyclical | Supermarkets & Convenience Stores | 514M | -29.23% | ||
| Industrials | Other Construction & Engineering | 405M | -13.70% | ||
| Consumer Cyclical | Beauty Supply Shop | 329M | +56.67% | ||
| Consumer Non-Cyclical | Cosmetics & Perfumes | 555M | -65.31% | ||
| Technology | Electronic Component | 57.4M | -40.28% | ||
| Technology | Other Semiconductor Equipment & Testing | 261M | -13.96% | ||
| Industrials | Other Construction & Engineering | 293M | +43.96% | ||
| Services académiques et éducatifs | Miscellaneous Educational Service Providers | 68.2M | +24.61% | ||
| Industrials | Other Construction & Engineering | 198M | +55.34% | ||
| Consumer Non-Cyclical | Other Drug Retailers | 521M | -37.93% | ||
| Technology | Other Semiconductors | 95.87M | -22.51% | ||
| Technology | Electronic Component | 395M | +23.15% | ||
| Consumer Cyclical | Jewelry | 573M | +3.76% | ||
| Basic Materials | Diversified Chemicals | 727M | -26.42% | ||
| Industrials | Other Construction & Engineering | 525M | -9.17% | ||
| Industrials | Lighting Equipment | 101M | -39.13% | ||
| Industrials | Taxi & Limousine | 232M | -2.06% | ||
| Industrials | Other Construction & Engineering | 370M | -21.17% | ||
| Technology | Other Software | 785M | -55.77% | ||
| Basic Materials | Cement & Concrete Manufacturing | 424M | +10.43% | ||
| Consumer Non-Cyclical | Cigars & Cigarette Manufacturing | 188M | -1.82% | ||
| Technology | Electronic Component | 506M | +32.06% | ||
| Basic Materials | Other Specialty Chemicals | 539M | -7.26% | ||
| Energy | Other Coal | 557M | -29.30% | ||
| Healthcare | Other Pharmaceuticals | 532M | +6.06% | ||
| Technology | Other IT Services & Consulting | 781M | +43.15% | ||
| Technology | Other Software | 228M | -12.13% | ||
| Basic Materials | Other Commodity Chemicals | 960M | -4.02% | ||
| Technology | Satellite Communications Network | 531M | +34.79% | ||
| Healthcare | Other Pharmaceuticals | 443M | -7.47% | ||
| Technology | Other Semiconductor Equipment & Testing | 984M | +67.01% | ||
| Healthcare | Other Advanced Medical Equipment & Technology | 157M | -18.96% | ||
| Healthcare | Other Advanced Medical Equipment & Technology | 702M | +9.70% | ||
| Technology | Application Software | 179M | +16.67% | ||
| Industrials | Outsourcing & Staffing Services | 552M | +7.61% | ||
| Real Estate | Other Real Estate Development & Operations | 420M | -29.85% | ||
| Technology | Other IT Services & Consulting | 34.6M | +5.88% | ||
| Technology | Other Semiconductors | 753M | +39.68% | ||
| Industrials | Other Industrial Machinery & Equipment | 241M | +2.60% | ||
| Technology | Mobile Application Software | 376M | +1.63% | ||
| Real Estate | Residential Real Estate Development | 576M | +5.36% | ||
| Consumer Cyclical | Other Entertainment Production | 201M | +31.78% | ||
| Technology | Semiconductor Machinery Manufacturing | 471M | +136.31% | ||
| Healthcare | Glasses, Spectacles & Contact Lenses | 386M | +11.46% | ||
| Technology | Integrated Circuits | 956M | +45.07% | ||
| Technology | Enterprise Software | 335M | -50.41% | ||
| Technology | Internet Security & Transactions Services | 164M | -0.29% | ||
| Technology | Other IT Services & Consulting | 110M | +20.26% | ||
| Consumer Cyclical | Other Homebuilding | 58.81M | -2.53% | ||
| Industrials | Building Contractors | 726M | -10.90% | ||
| Consumer Cyclical | Tire & Tube Manufacturers | 825M | -24.40% | ||
| Consumer Cyclical | Engine & Powertrain Systems | 415M | -22.17% | ||
| Consumer Cyclical | Other Apparel & Accessories Retailers | 871M | +2.03% | ||
| Technology | Satellite Service Operators | 108M | -8.82% | ||
| Consumer Cyclical | Gambling & Gaming Machine Manufacturers | 95.29M | +18.75% | ||
| Basic Materials | Platinum Mining | 437M | -8.73% | ||
| Consumer Cyclical | Gift, Novelty & Souvenir Stores | 368M | +7.97% | ||
| Industrials | Testing & Measuring Equipment | 88.14M | -33.58% | ||
| Healthcare | Medical Devices & Implants | 772M | -23.07% | ||
| Technology | Other Integrated Telecommunications Services | 433M | +16.94% | ||
| Healthcare | Other Advanced Medical Equipment & Technology | 837M | -21.83% | ||
| Real Estate | Other Real Estate Development & Operations | 922M | -16.30% | ||
| Healthcare | Hospitals, Clinics & Primary Care Services | 119M | 0.00% | ||
| Consumer Non-Cyclical | Cosmetics & Perfumes | 164M | -12.14% | ||
| Healthcare | Diagnostic & Testing Substances | 961M | -17.16% | ||
| Consumer Non-Cyclical | Other Non-Alcoholic Beverages | 443M | +10.49% | ||
| Technology | Security & Surveillance | 857M | +17.57% | ||
| Services académiques et éducatifs | School, College & University (NEC) | 270M | +11.81% | ||
News of the components
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