Not exact matches
The 200 companies thus defined as
small businesses effected a collective market
capitalization of $ 19.3 billion and put a solid $ 4.8 billion in public dollars
into play.
It's true that the largest of the large - cap stocks are less overvalued today than in 2000, but even on a
capitalization - weighted basis, the difference is far
smaller than one might think once profit margins are taken
into account.
This translates roughly to
capitalizations of $ 1.0 billion and higher, which extends through the midcaps and down
into some
small caps.
They divide the world up
into managers that look at two factors: large / mid /
small capitalization, and value / core / growth.
Stocks are generally categorized
into three broad market
capitalization classes:
Small Cap (usually under $ 900 million in market
capitalization), Mid Cap ($ 900 million to $ 3 or $ 4 billion in market
capitalization), and Large Cap (over several billion dollars in market
capitalization).
David Dreman went
into quite a bit of detail explaining why the advantage of
small capitalization value stocks may be an illusion in his book «Contrarian Investment Strategies: The Next Generation.»
$ 1.4 billion turns out to be the incremental cash flow
into a single exchange - traded fund designed to track an index of the gold mining industry, including some relatively
small -
capitalization companies.
This is probably because stocks with market
capitalizations this
small tend to either go under, get bought out, merge, return to private hands, too many new firms go public too quickly, and / or they quickly grow
into becoming
small - cap stocks (which moves them from one asset classification
into a different asset class).
Following standard practice, the authors first divide the universe
into large and
small stocks, and then partition the large - and
small - stock subsets by factor strategy — value, momentum, low beta, quality, and illiquidity — to construct high - characteristic and low - characteristic portfolios weighted by market
capitalization.