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 | 29Cr | -58.13% | ||
| Healthcare | Medical Equipment | 36Cr | -12.99% | ||
| Technology | Internet Security & Transactions Services | 24Cr | +47.14% | ||
| Technology | Other Semiconductors | 17Cr | +29.16% | ||
| Consumer Non-Cyclical | Bread & Bakery Product Manufacturing | 82Cr | +11.38% | ||
| Energy | Other Coal | 66Cr | -20.00% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 91Cr | +24.91% | ||
| Basic Materials | Other Specialty Chemicals | 53Cr | -21.37% | ||
| Consumer Non-Cyclical | Other Fishing & Farming | 62Cr | +32.22% | ||
| Technology | Internet Security & Transactions Services | 36Cr | -12.07% | ||
| Consumer Cyclical | Other Computer & Electronics Retailers | 89Cr | -7.99% | ||
| Basic Materials | Cement & Concrete Manufacturing | 51Cr | +38.82% | ||
| Consumer Cyclical | Other Auto Vehicles, Parts & Service Retailers | 26Cr | +30.99% | ||
| Healthcare | Medical Imaging Systems | 16Cr | +29.02% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 25Cr | -9.00% | ||
| Industrials | Taxi & Limousine | 22Cr | -6.47% | ||
| Consumer Cyclical | Other Computer & Electronics Retailers | 38Cr | +15.64% | ||
| Basic Materials | Aluminum Rolling | 4.34Cr | -8.16% | ||
| Consumer Cyclical | Beauty Supply Shop | 46Cr | +92.50% | ||
| Basic Materials | Diversified Chemicals | 82Cr | -1.91% | ||
| Consumer Cyclical | Other Apparel & Accessories | 37Cr | -27.97% | ||
| Technology | Other Computer Hardware | 13Cr | +16.24% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 21Cr | +10.88% | ||
| Technology | Technology Consulting & Outsourcing Services | 33Cr | +18.91% | ||
| Technology | Internet Gaming | 25Cr | -27.08% | ||
| Industrials | Outsourcing & Staffing Services | 57Cr | +75.32% | ||
| Technology | Other Internet Services | 12Cr | +40.51% | ||
| Healthcare | Other Advanced Medical Equipment & Technology | 19Cr | -9.97% | ||
| Industrials | Other Ground Freight & Logistics | 53Cr | +8.78% | ||
| Consumer Non-Cyclical | Animal Slaughtering & Processing | 28Cr | -33.84% | ||
| Consumer Cyclical | Other Construction Supplies & Fixtures | 25Cr | +48.35% | ||
| Services académiques et éducatifs | Colleges & Secondary Schools | 12Cr | -48.95% | ||
| Basic Materials | Industrial Gas | 32Cr | +10.84% | ||
| Industrials | Electric Construction | 62Cr | +137.58% | ||
| Industrials | Transaction & Payment Services | 46Cr | -49.62% | ||
| Technology | Semiconductor Machinery Manufacturing | 45Cr | +114.35% | ||
| Industrials | Design Services | 20Cr | - | ||
| Industrials | Industrial Parts & Components | 51Cr | +24.88% | ||
| Technology | Other IT Services & Consulting | 51Cr | -23.55% | ||
| Real Estate | Other Real Estate Development & Operations | 89Cr | -8.16% | ||
| Consumer Non-Cyclical | Other Drug Retailers | 55Cr | -33.50% | ||
| Healthcare | Other Advanced Medical Equipment & Technology | 79Cr | +24.98% | ||
| Industrials | Lighting Equipment | 13Cr | -31.30% | ||
| Consumer Non-Cyclical | Dairy Products | 16Cr | +22.42% | ||
| Energy | Other Oil Related Services and Equipment | 65Cr | +16.15% | ||
| Industrials | Other Shipbuilding | 31Cr | +6.38% | ||
| Healthcare | Glasses, Spectacles & Contact Lenses | 98Cr | +41.75% | ||
| Real Estate | Residential Real Estate Development | 51Cr | -8.96% | ||
| Basic Materials | Plastics | 40Cr | +16.26% | ||
| Healthcare | Glasses, Spectacles & Contact Lenses | 49Cr | +36.10% | ||
| Consumer Cyclical | Jewelry | 58Cr | +6.10% | ||
| Consumer Non-Cyclical | Other Non-Alcoholic Beverages | 59Cr | +38.95% | ||
| Industrials | Other Construction & Engineering | 21Cr | +19.42% | ||
| Technology | Electronic Component | 41Cr | +4.28% | ||
| Real Estate | Other Real Estate Development & Operations | 89Cr | -25.20% | ||
| Consumer Cyclical | Pet & Pet Supplies Retailers | 70Cr | - | ||
| Industrials | Other Construction & Engineering | 38Cr | -17.98% | ||
| Consumer Cyclical | Gyms, Fitness and Spa Centers | 27Cr | +4.71% | ||
| Healthcare | Other Healthcare Facilities & Services | 24Cr | -25.94% | ||
| Consumer Cyclical | Gift, Novelty & Souvenir Stores | 35Cr | +2.90% | ||
| Consumer Non-Cyclical | Personal Care Services | 61Cr | -32.21% | ||
| Consumer Cyclical | Other Apparel & Accessories | 29Cr | +24.50% | ||
| Technology | Mobile Application Software | 45Cr | +25.72% | ||
| Technology | Semiconductor Testing Equipment & Service | 71Cr | +63.00% | ||
| Healthcare | Medical Devices & Implants | 87Cr | -9.44% | ||
| Technology | Satellite Service Operators | 9.53Cr | -27.36% | ||
| Consumer Non-Cyclical | Cigars & Cigarette Manufacturing | 17Cr | -10.91% | ||
| Consumer Cyclical | Other Apparel & Accessories | 27Cr | +2.57% | ||
| Industrials | Other Construction & Engineering | 67Cr | +13.76% | ||
| Basic Materials | Cement & Concrete Manufacturing | 39Cr | +21.04% | ||
| Basic Materials | Nickel Ore Mining | 92Cr | +6.17% | ||
| Industrials | Smart Grid & Power Distribution Construction | 98Cr | -9.48% | ||
| Real Estate | Residential Real Estate Development | 70Cr | +18.32% | ||
| Healthcare | Medical Devices & Implants | 68Cr | -13.42% | ||
| Technology | Integrated Circuits | 70Cr | +7.18% | ||
| Utilities | Other Electric Utilities | 11Cr | +190.41% | ||
| Basic Materials | Paint & Coating | 56Cr | -0.16% | ||
| Consumer Non-Cyclical | Dairy Products | 19Cr | -12.50% | ||
| Consumer Cyclical | Other Homebuilding | 6.14Cr | +5.06% | ||
| Healthcare | Hospitals, Clinics & Primary Care Services | 44Cr | +19.92% | ||
| Real Estate | Other Real Estate Development & Operations | 72Cr | +56.10% | ||
| Industrials | Other Construction & Engineering | 48Cr | +139.56% | ||
| Industrials | Heating, Ventilation & Air Conditioning Systems | 63Cr | +10.09% | ||
| Technology | Integrated Circuits | 96Cr | +35.82% | ||
| Technology | Semiconductor Machinery Manufacturing | 20Cr | -2.43% | ||
| Industrials | Highway & Bridge Construction | 83Cr | -19.38% | ||
| Technology | Other Software | 70Cr | -58.33% | ||
| Consumer Cyclical | Other Homebuilding | 62Cr | +127.78% | ||
| Consumer Cyclical | Beauty Supply Shop | 35Cr | -3.33% | ||
| Consumer Cyclical | Sports & Outdoors Retailers | 39Cr | -18.22% | ||
| Healthcare | Generic Pharmaceuticals | 11Cr | -10.43% | ||
| Technology | Other IT Services & Consulting | 39Cr | -74.69% | ||
| Services académiques et éducatifs | Miscellaneous Educational Service Providers | 7.48Cr | +21.79% | ||
| Industrials | Other Construction & Engineering | 8.58Cr | +12.50% | ||
| Consumer Non-Cyclical | Cosmetics & Perfumes | 27Cr | +27.93% | ||
| Consumer Non-Cyclical | Cosmetics & Perfumes | 92Cr | -42.51% | ||
| Technology | Other Integrated Telecommunications Services | 40Cr | +3.23% | ||
| Healthcare | Hospitals, Clinics & Primary Care Services | 12Cr | +3.83% | ||
| Healthcare | Other Advanced Medical Equipment & Technology | 19Cr | -11.03% | ||
| Consumer Cyclical | Other Appliances, Tools & Housewares | 29Cr | -10.70% | ||
News of the components
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