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 | -56.20% | ||
| Industrials | Transaction & Payment Services | 45Cr | -51.89% | ||
| Technology | Internet Security & Transactions Services | 26Cr | +58.78% | ||
| Technology | Other Semiconductors | 18Cr | +28.25% | ||
| Consumer Non-Cyclical | Bread & Bakery Product Manufacturing | 72Cr | -0.29% | ||
| Basic Materials | Other Specialty Chemicals | 51Cr | -24.11% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 92Cr | +26.77% | ||
| Technology | Internet Security & Transactions Services | 36Cr | -14.69% | ||
| Consumer Cyclical | Discount Stores with Grocery | 70Cr | +13.52% | ||
| Basic Materials | Cement & Concrete Manufacturing | 47Cr | +29.92% | ||
| Industrials | Lighting Equipment | 12Cr | -39.35% | ||
| Consumer Cyclical | Other Auto Vehicles, Parts & Service Retailers | 25Cr | +26.06% | ||
| Consumer Cyclical | Jewelry & Watch Retailers | 93Cr | -1.75% | ||
| Consumer Cyclical | Other Computer & Electronics Retailers | 39Cr | +17.82% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 25Cr | -9.95% | ||
| Basic Materials | Aluminum Rolling | 3.81Cr | -17.96% | ||
| Consumer Non-Cyclical | Dairy Products | 16Cr | +20.61% | ||
| Industrials | Electrical Component | 64Cr | +79.58% | ||
| Industrials | Taxi & Limousine | 22Cr | -8.24% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 51Cr | +17.99% | ||
| Healthcare | Medical Imaging Systems | 19Cr | +54.00% | ||
| Basic Materials | Diversified Chemicals | 79Cr | -6.85% | ||
| Consumer Cyclical | Other Apparel & Accessories | 35Cr | -30.08% | ||
| Consumer Cyclical | Other Restaurants & Bars | 62Cr | +11.29% | ||
| Technology | Other Computer Hardware | 13Cr | +20.51% | ||
| Consumer Non-Cyclical | Other Fishing & Farming | 63Cr | +10.64% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 20Cr | +8.84% | ||
| Healthcare | Other Advanced Medical Equipment & Technology | 18Cr | -15.04% | ||
| Technology | Technology Consulting & Outsourcing Services | 36Cr | +34.04% | ||
| Basic Materials | Plastic Containers & Packaging | 64Cr | +32.05% | ||
| Consumer Cyclical | Other Construction Supplies & Fixtures | 26Cr | +48.66% | ||
| Industrials | Other Construction & Engineering | 25Cr | +37.02% | ||
| Consumer Non-Cyclical | Animal Slaughtering & Processing | 27Cr | -37.20% | ||
| Services académiques et éducatifs | Colleges & Secondary Schools | 12Cr | -48.95% | ||
| Consumer Non-Cyclical | Other Household Products | 24Cr | +43.24% | ||
| Basic Materials | Composites | 71Cr | -37.89% | ||
| Industrials | Transaction & Payment Services | 23Cr | +42.12% | ||
| Consumer Cyclical | Gyms, Fitness and Spa Centers | 26Cr | +1.83% | ||
| Industrials | Smart Grid & Power Distribution Construction | 64Cr | +132.73% | ||
| Energy | Other Coal | 61Cr | -22.33% | ||
| Real Estate | Other Real Estate Development & Operations | 89Cr | -8.16% | ||
| Industrials | Industrial Parts & Components | 50Cr | +19.35% | ||
| Technology | Other Software | 19Cr | -27.30% | ||
| Technology | Mobile Application Software | 55Cr | +45.31% | ||
| Industrials | Other Shipbuilding | 28Cr | -5.32% | ||
| Basic Materials | Cement & Concrete Manufacturing | 32Cr | +3.53% | ||
| Technology | Other IT Services & Consulting | 56Cr | -15.49% | ||
| Industrials | Other Construction & Engineering | 72Cr | +23.85% | ||
| Consumer Non-Cyclical | Other Drug Retailers | 74Cr | -15.93% | ||
| Consumer Non-Cyclical | Other Non-Alcoholic Beverages | 55Cr | +35.21% | ||
| Healthcare | Glasses, Spectacles & Contact Lenses | 47Cr | +38.40% | ||
| Basic Materials | Plastics | 41Cr | +18.76% | ||
| Real Estate | Residential Real Estate Development | 65Cr | +14.72% | ||
| Consumer Cyclical | Jewelry | 58Cr | +5.22% | ||
| Consumer Cyclical | Beauty Supply Shop | 49Cr | +103.33% | ||
| Real Estate | Other Real Estate Development & Operations | 87Cr | -28.73% | ||
| Consumer Non-Cyclical | Cosmetics & Perfumes | 83Cr | +56.31% | ||
| Technology | Electronic Component | 37Cr | -8.95% | ||
| Healthcare | Medical Devices & Implants | 64Cr | -20.26% | ||
| Consumer Cyclical | Pet & Pet Supplies Retailers | 84Cr | - | ||
| Industrials | Other Construction & Engineering | 35Cr | -24.14% | ||
| Healthcare | Hospitals, Clinics & Primary Care Services | 39Cr | +6.82% | ||
| Technology | Other IT Services & Consulting | 87Cr | -31.51% | ||
| Technology | Other IT Services & Consulting | 13Cr | -93.21% | ||
| Healthcare | Medical Equipment | 36Cr | -15.26% | ||
| Basic Materials | Industrial Gas | 38Cr | +32.20% | ||
| Industrials | Other Construction & Engineering | 48Cr | +128.57% | ||
| Healthcare | Other Healthcare Facilities & Services | 22Cr | -29.07% | ||
| Consumer Cyclical | Gift, Novelty & Souvenir Stores | 34Cr | +1.45% | ||
| Consumer Non-Cyclical | Personal Care Services | 54Cr | -35.70% | ||
| Technology | Semiconductor Machinery Manufacturing | 53Cr | +131.63% | ||
| Technology | Semiconductor Testing Equipment & Service | 87Cr | +99.77% | ||
| Healthcare | Medical Devices & Implants | 89Cr | -8.48% | ||
| Industrials | Design Services | 21Cr | - | ||
| Healthcare | Other Advanced Medical Equipment & Technology | 76Cr | +25.62% | ||
| Healthcare | Glasses, Spectacles & Contact Lenses | 98Cr | +44.21% | ||
| Consumer Non-Cyclical | Cigars & Cigarette Manufacturing | 18Cr | -7.58% | ||
| Utilities | Other Electric Utilities | 11Cr | +173.97% | ||
| Basic Materials | Nickel Ore Mining | 85Cr | -0.77% | ||
| Industrials | Smart Grid & Power Distribution Construction | 89Cr | -18.73% | ||
| Industrials | Highway & Bridge Construction | 82Cr | -20.20% | ||
| Real Estate | Residential Real Estate Development | 74Cr | +22.35% | ||
| Basic Materials | Paint & Coating | 51Cr | -9.82% | ||
| Consumer Non-Cyclical | Dairy Products | 19Cr | -12.50% | ||
| Consumer Cyclical | Sports & Outdoors Retailers | 99Cr | -7.46% | ||
| Technology | Network Equipment | 68Cr | -7.66% | ||
| Real Estate | Other Real Estate Development & Operations | 68Cr | +48.55% | ||
| Energy | Other Oil Related Services and Equipment | 65Cr | +15.45% | ||
| Consumer Cyclical | Other Apparel & Accessories | 34Cr | +33.75% | ||
| Consumer Cyclical | Other Apparel & Accessories | 26Cr | -5.85% | ||
| Technology | Satellite Service Operators | 8.42Cr | -38.06% | ||
| Technology | Semiconductor Machinery Manufacturing | 21Cr | -1.24% | ||
| Consumer Cyclical | Beauty Supply Shop | 35Cr | -3.33% | ||
| Services académiques et éducatifs | Miscellaneous Educational Service Providers | 7.34Cr | +16.65% | ||
| Basic Materials | Other Commodity Chemicals | 20Cr | -40.06% | ||
| Consumer Non-Cyclical | Cosmetics & Perfumes | 26Cr | +22.48% | ||
| Industrials | Batteries & Uninterruptable Power Supplies | 81Cr | +38.20% | ||
| Healthcare | Hospitals, Clinics & Primary Care Services | 12Cr | +3.83% | ||
| Healthcare | Other Advanced Medical Equipment & Technology | 21Cr | -5.80% | ||
| Consumer Non-Cyclical | Other Food Processing | 44Cr | +41.67% | ||
News of the components
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