Skip to content

Mid Caps

Apr 07 2016

Small Cap vs Mid Cap vs Large Cap

  • Apr 7, 2016

After spending two months in discount territory, in March the Ratio of Ratios headed closer to its historical median premium of 4%.

Apr 07 2014

Small/Mid/Large Caps

  • Apr 7, 2014

Small Cap Premium Bounces Back To 23%

Mar 06 2014

Small/Mid/Large Caps

  • Mar 6, 2014

Small Caps are selling at a 20% valuation premium relative to Large Caps (23% last month), using non-normalized trailing operating earnings.

Feb 07 2014

Small/Mid/Large Caps

  • Feb 7, 2014

Small Cap Premium Continues Upward To 23%. Large Caps Lead On The Downside In January

Jan 08 2014

Small/Mid/Large Caps

  • Jan 8, 2014

Small Cap Premium Continues Upward To 21%. The red-hot equity market of 2013 was especially good for Small Caps with a +38.8% total return.

Dec 06 2013

Small/Mid/Large Cap Internals

  • Dec 6, 2013

Small Caps are selling at a 20% valuation premium relative to Large Caps, using non-normalized trailing operating earnings.

Nov 07 2013

Small Cap Premium Ticks Up To 16%

  • Nov 7, 2013

Small Caps are selling at a 16% valuation premium relative to Large Caps, using non-normalized trailing operating earnings. Using estimated operating earnings, Small Caps are selling at a higher valuation premium of 23% (25% last month).

Oct 08 2013

Small/Mid/Large Caps - Small Cap Premium Slips To 14%

  • Oct 8, 2013

Small Caps are selling at a 14% valuation premium relative to Large Caps, using non-normalized trailing operating earnings. This is down slightly from last month, and ranks in the 91st percentile of the 1983-to-date history of this measurement.

Sep 10 2013

Small Caps Lead Year-To-Date

  • Sep 10, 2013

Large Caps lost 2.9% (total return) in August, just ahead of Small Caps (-3.2%) and Mid Caps (-3.8%). YTD, Small Caps continue to perform ahead of the other two subsets.

Sep 10 2013

Small Cap Premium Remains 15%

  • Sep 10, 2013

Small Caps are selling at a 15% valuation premium relative to Large Caps, using non-normalized trailing operating earnings. This is the same as the past two months’ readings. Using estimated 2013 operating earnings, Small Caps are selling at a higher valuation premium of 23% (24% last month).

Aug 07 2013

Small Caps Lead Year-To-Date

  • Aug 7, 2013

Large Caps gained 5.1% (total return) in July, lagging Small Caps (+7.0%) and Mid Caps (+6.2%). YTD, Small Caps are now ahead of the other two subsets, and Large Caps are the laggards.

Aug 07 2013

Small Cap Premium Remains 15%

  • Aug 7, 2013

Small Caps are selling at a 15% valuation premium relative to Large Caps, using non-normalized trailing operating earnings. This is the same as last month’s reading. Using estimated 2013 operating earnings, Small Caps are selling at a higher valuation premium of 24% (25% last month).

Apr 05 2013

Quality As An Investable Stock Selection Concept

  • Apr 5, 2013

In this note, we discuss our market-level measure of quality, and highlight an expanded methodology for determining the “quality” of a stock and the performance implications associated with such a concept.

Jun 03 2008

May Market Action

  • Jun 3, 2008

The stock market continued to move higher in May, with small and mid cap stocks outperforming the majority of large cap indices.

Feb 05 2007

S&P 400 Mid Cap: An Easy Benchmark To Beat In 2006

  • Feb 5, 2007

The S&P 400 Mid Cap index had a tough year in 2006. On the other hand, The Leuthold Group’s Mid Cap Index did very well, up 21% in 2006.

Mar 05 2003

S&P 500 Not Overvalued

  • Mar 5, 2003

The index is not currently “overvalued”…..Nor is it undervalued. Small/mid cap stocks cheap, but large caps also getting attractive.

Nov 05 2001

Growth Versus Value—Transition To Growth Leadership?

  • Nov 5, 2001

The weight of the evidence points toward a transition from value leadership to growth, with small caps leading the way. But, getting the timing right is no easy matter.

Oct 03 2001

Growth Vs. Value—Transition to Growth Leadership?

  • Oct 3, 2001

It appears that a transition to growth leadership is already underway in the small caps segment of the market.

Aug 04 2001

Growth Versus Value Update: The Tech Effect

  • Aug 4, 2001

Have we really had a big correction in growth stocks, or is the growth index just being pulled down by the tech bust?

Jul 03 2001

"Value" Performance Superiority May Diminish Or Even End Soon

  • Jul 3, 2001

Our work indicates Small and Mid Cap growth stock action is heating up. It is entirely possible that a transition to Small and Mid Cap growth leadership is already in the works.

Sep 04 2000

Stock Market Sweet Spot

  • Sep 4, 2000

Stock Market Sweet Spot between now and election. Fewer impediments with inflation pressures easing and economy showing signs of a slowdown. Also, making a case for Mid Caps and is the Paid To Play performance for real?

Mar 05 2000

Tracking Shifts In Market Capitalization Leadership

  • Mar 5, 2000

Small caps and Mid caps now outperforming Big caps. A change in leadership appears to be in progress.

Jan 07 2000

Tracking Shifts In Market Capitalization Leadership

  • Jan 7, 2000

If small caps can move back above the October 1999 level in the coming months, this would certainly be encouraging for small cap fans and may even signal a change in the trend to confirm that leadership is indeed moving to the small cap arena.

Dec 05 1999

Tracking Shifts In Market Capitalization Leadership

  • Dec 5, 1999

A unique way to monitor and react to changing stock market capitalization leadership trends. This new study examines the percent of stocks lagging the S&P 500, segmented by capitalization tiers.

Aug 04 1999

Time To Shift Into Mid Caps?

  • Aug 4, 1999

Advise clients mandated to be fully invested to move assets away from Large Cap institutional favorites and into Mid/Small cap names.

Jul 05 1999

Making The Case For Mid Caps

  • Jul 5, 1999

For managers who are mandated to stay fully invested, Mid Caps make pretty good sense as a replacement for extremely overvalued Nifty Fifty stocks.

Nov 05 1991

View from the North Country

  • Nov 5, 1991

Where Do We Go For Good Investment Returns Now?... Polling The Pro's For Our Client's Current Stock Market Attitudes...Taking Another Look At The New S&P Midcap Index