Leverage – Net Debt to EBITDA of Small Caps vs. Large Caps
Leverage – Net Debt to EBITDA of Small Caps vs. Large Caps Excess leverage is more pronounced among U.S. small caps. Image: BofA US Equity & Quant Strategy
Keyword: small cap
Small Cap Cyclical Sectors vs. Defensive Sectors Median Forward P/E
Small Cap Cyclical Sectors vs. Defensive Sectors Median Forward P/E Relative valuations for small-cap cyclicals versus small-cap defensives also remain near the 20-year lows. Image: BofA US Equity & Quant Strategy
Gross Margin: S&P 500 Large Cap vs. S&P 600 Small Cap and S&P 400 Mid Cap
Gross Margin: S&P 500 Large Cap vs. S&P 600 Small Cap and S&P 400 Mid Cap Gross margins between large and small caps are widening. Industries with highest concentrations are getting all of the gross margin improvement. Image: Arbor Research & Trading LLC
Profit Margins of S&P Large Caps and Small Caps
Profit Margins of S&P Large Caps and Small Caps Profit margins between small and large caps are widening. Industries with highest concentrations are getting all of the profit margin improvement. Image: Arbor Research & Trading LLC
FMS Global Yield Curve Expectations vs. U.S. Large/Small Cap Price Relative
FMS Global Yield Curve Expectations vs. U.S. Large/Small Cap Price Relative History suggests that U.S. small cap stocks outperform large cap stocks, when the yield curve steepens. Image: BofA Merrill Lynch Global Fund Manager Survey
Russel 2000 and Unprofitable Small Caps
Russel 2000 and Unprofitable Small Caps The proportion of small caps that are unprofitable has climbed to nearly 30%. This level is generally only observed during recessions. Image: BofA Merrill Lynch Global Research
Small Caps Debt-to-Equity Exceeds Large Caps
Small Caps Debt-to-Equity Exceeds Large Caps The debt-to-equity ratio of small caps exceeds large caps for the first time. Image: Arbor Research & Trading LLC
Small Caps Relative Performance Leads the S&P 500 Index
Small Caps Relative Performance Leads the S&P 500 Index This chart suggests that small caps relative performance leads the S&P 500 Index by six months. Image: Oxford Economics, Macrobond
Are Small Cap Stocks Overvalued?
Are Small Cap Stocks Overvalued? Small Cap Stocks Valuation: based on the forward PE ratio, the valuation of small cap stocks seems reasonable, with no sign of bubble. You may also like our “Stock Market Valuation.” Image: Bianco Research
Cumulative Flows into Small and Mid Cap Equity ETFs
Cumulative Flows into Small and Mid Cap Equity ETFs Chart showing robust inflows into small and mid-cap ETFs this year. Image: BofA Securities