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 | 67Cr | -15.64% | ||
| Consumer Non-Cyclical | Other Food Processing | 79Cr | -4.86% | ||
| Consumer Cyclical | Gyms, Fitness and Spa Centers | 28Cr | +7.71% | ||
| Basic Materials | Industrial Gas | 32Cr | +21.84% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 65Cr | -9.67% | ||
| Consumer Cyclical | Jewelry | 91Cr | -27.94% | ||
| Consumer Non-Cyclical | Personal Care Services | 57Cr | -34.60% | ||
| Energy | Other Coal | 55Cr | -30.23% | ||
| Healthcare | Medical Imaging Systems | 14Cr | +21.11% | ||
| Industrials | Electric Construction | 46Cr | +70.91% | ||
| Healthcare | Medical Devices & Implants | 17Cr | -9.85% | ||
| Industrials | Outsourcing & Staffing Services | 57Cr | +8.84% | ||
| Consumer Cyclical | Other Apparel & Accessories | 32Cr | +41.56% | ||
| Technology | Semiconductor Testing Equipment & Service | 40Cr | +3.04% | ||
| Consumer Non-Cyclical | Dairy Products | 17Cr | +26.06% | ||
| Industrials | Heating, Ventilation & Air Conditioning Systems | 61Cr | +14.23% | ||
| Industrials | Other Construction & Engineering | 34Cr | -28.42% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 23Cr | -14.69% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 20Cr | +8.16% | ||
| Consumer Cyclical | Other Apparel & Accessories | 40Cr | -19.49% | ||
| Basic Materials | Plastics | 37Cr | +22.28% | ||
| Consumer Cyclical | Other Computer & Electronics Retailers | 78Cr | -20.00% | ||
| Healthcare | Other Advanced Medical Equipment & Technology | 87Cr | +36.09% | ||
| Energy | Other Oil Related Services and Equipment | 70Cr | +5.54% | ||
| Consumer Non-Cyclical | Bread & Bakery Product Manufacturing | 79Cr | +2.91% | ||
| Technology | Other Software | 23Cr | -11.92% | ||
| Technology | Electronic Component | 37Cr | +6.81% | ||
| Consumer Cyclical | Beauty Supply Shop | 36Cr | +51.67% | ||
| Technology | Other Internet Services | 10Cr | +17.95% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 82Cr | +104.00% | ||
| Technology | Other IT Services & Consulting | 29Cr | +6.86% | ||
| Consumer Cyclical | Discount Stores with Grocery | 58Cr | -9.62% | ||
| Consumer Cyclical | Other Computer & Electronics Retailers | 32Cr | -1.28% | ||
| Basic Materials | Diversified Chemicals | 77Cr | +1.35% | ||
| Consumer Cyclical | Pet & Pet Supplies Retailers | 54Cr | - | ||
| Industrials | Other Construction & Engineering | 40Cr | -14.08% | ||
| Industrials | Wires & Cables | 94Cr | +32.71% | ||
| Consumer Non-Cyclical | Supermarkets & Convenience Stores | 53Cr | -26.15% | ||
| Basic Materials | Fertilizer | 66Cr | +0.31% | ||
| Industrials | Other Construction & Engineering | 19Cr | +53.40% | ||
| Technology | Semiconductor Machinery Manufacturing | 40Cr | +93.85% | ||
| Industrials | Testing & Measuring Equipment | 8.55Cr | -37.29% | ||
| Consumer Non-Cyclical | Other Drug Retailers | 53Cr | -38.42% | ||
| Technology | Enterprise Software | 33Cr | -51.79% | ||
| Industrials | Other Construction & Engineering | 9.17Cr | +57.81% | ||
| Technology | Other Software | 71Cr | -58.94% | ||
| Technology | Other Semiconductors | 9.96Cr | -19.68% | ||
| Basic Materials | Diversified Chemicals | 67Cr | -32.55% | ||
| Industrials | Other Shipbuilding | 34Cr | +18.09% | ||
| Industrials | Other Construction & Engineering | 57Cr | -1.83% | ||
| Real Estate | Other Real Estate Development & Operations | 58Cr | -19.67% | ||
| Consumer Non-Cyclical | Cosmetics & Perfumes | 59Cr | +24.62% | ||
| Consumer Non-Cyclical | Cigars & Cigarette Manufacturing | 18Cr | -5.45% | ||
| Technology | Electronic Component | 52Cr | +32.06% | ||
| Consumer Cyclical | Other Appliances, Tools & Housewares | 29Cr | -10.48% | ||
| Basic Materials | Cement & Concrete Manufacturing | 42Cr | +10.22% | ||
| Technology | Satellite Communications Network | 49Cr | +21.85% | ||
| Basic Materials | Other Commodity Chemicals | 84Cr | -18.09% | ||
| Healthcare | Other Pharmaceuticals | 58Cr | +11.84% | ||
| Technology | Other IT Services & Consulting | 55Cr | -18.08% | ||
| Industrials | Building Contractors | 74Cr | -9.77% | ||
| Healthcare | Other Medical Equipment, Supplies & Distribution | 28Cr | +7.65% | ||
| Healthcare | Other Advanced Medical Equipment & Technology | 17Cr | -15.28% | ||
| Technology | Other IT Services & Consulting | 85Cr | -33.04% | ||
| Technology | Application Software | 18Cr | +14.74% | ||
| Real Estate | Residential Real Estate Development | 85Cr | +43.97% | ||
| Consumer Cyclical | Engine & Powertrain Systems | 42Cr | -23.48% | ||
| Consumer Cyclical | Digital Publishing | 5.69Cr | -27.37% | ||
| Technology | Other Semiconductor Equipment & Testing | 27Cr | -13.46% | ||
| Industrials | Other Construction & Engineering | 33Cr | +57.14% | ||
| Healthcare | Other Healthcare Facilities & Services | 27Cr | -15.04% | ||
| Services académiques et éducatifs | Miscellaneous Educational Service Providers | 7.94Cr | +41.32% | ||
| Industrials | Other Industrial Machinery & Equipment | 25Cr | +2.93% | ||
| Technology | Mobile Application Software | 40Cr | +5.11% | ||
| Consumer Cyclical | Jewelry | 62Cr | +13.90% | ||
| Real Estate | Residential Real Estate Development | 55Cr | -1.57% | ||
| Industrials | Taxi & Limousine | 22Cr | -8.53% | ||
| Consumer Cyclical | Other Entertainment Production | 23Cr | +51.40% | ||
| Basic Materials | Other Specialty Chemicals | 49Cr | -17.40% | ||
| Technology | Integrated Circuits | 83Cr | +27.70% | ||
| Technology | Internet Security & Transactions Services | 16Cr | -4.31% | ||
| Technology | Other IT Services & Consulting | 68Cr | +22.84% | ||
| Technology | Satellite Service Operators | 9.36Cr | -22.91% | ||
| Consumer Cyclical | Sports & Outdoors Retailers | 94Cr | -11.19% | ||
| Consumer Cyclical | Other Homebuilding | 5.9Cr | -2.53% | ||
| Technology | Other IT Services & Consulting | 13Cr | +38.56% | ||
| Consumer Cyclical | Gambling & Gaming Machine Manufacturers | 10Cr | +18.75% | ||
| Real Estate | Other Real Estate Development & Operations | 43Cr | -29.04% | ||
| Basic Materials | Platinum Mining | 47Cr | -4.10% | ||
| Healthcare | Other Advanced Medical Equipment & Technology | 91Cr | -16.99% | ||
| Healthcare | Diagnostic & Testing Substances | 99Cr | -14.86% | ||
| Consumer Non-Cyclical | Cosmetics & Perfumes | 20Cr | +6.91% | ||
| Healthcare | Medical Devices & Implants | 82Cr | -16.58% | ||
| Healthcare | Glasses, Spectacles & Contact Lenses | 41Cr | +19.20% | ||
| Healthcare | Hospitals, Clinics & Primary Care Services | 12Cr | +1.81% | ||
| Healthcare | Other Pharmaceuticals | 48Cr | -2.38% | ||
| Consumer Non-Cyclical | Other Non-Alcoholic Beverages | 47Cr | +10.86% | ||
| Healthcare | Medical Equipment | 34Cr | -25.94% | ||
| Technology | Security & Surveillance | 85Cr | +13.70% | ||
| Consumer Non-Cyclical | Other Fishing & Farming | 65Cr | +14.89% | ||
News of the components
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