Small-Cap Dynamics
In Small-Cap Dynamics, Wall Street strategist Satya Dev Pradhuman here provides his insights and tools, directing professional investors to more successfully navigate in the small-cap environment.
Small-cap stocks have long been instrumental in profitable portfolios, offering many attractive fundamentals. But without sound knowledge and a risk-wise strategy, red chips can be dangerous turf. In the case of small caps in particular, the confluence of information and market timing is critical.
Wall Street strategist Satya Dev Pradhuman here provides his insights and tools, directing professional investors to more successfully navigate in the small-cap environment. As the director of small-cap research at Merrill Lynch, and an oft-quoted top-tier authority in the field, Pradhuman is a voice other market professionals depend on for reliable analysis of this segment. Small-Cap Dynamics is his definitive guidebook. It explains the nature of small-cap cycles and why investors have favored small stocks over the long term. It also elucidates the dynamic issues driving this market sector as well as the dramatic shifts that occur as small stocks evolve into large stocks -and how investors can capitalize on these shifts.
Thoroughly illustrated with useful charts and graphs throughout, the book provides practical advice on market timing small stocks according to key risk indicators, the ins and outs of small-cap benchmarks, and guidelines for examining and stress-testing stock selection models, plus much more. The volume is a timely, accessible, and comprehensive resource that will benefit all who seek investment wisdom in this immensely fascinating and significant market segment.
Hardback, 352 Pages, Dimensions 234 x 156 MM Language English.
PART I: Fundamentals of the Secondary Market
Chapter One: Small Stocks and the Relevance of Size
Chapter Two: The Small-Cap Backdrop
Chapter Three: Major Small-Cap and Large-Cap Cycles
Chapter Four: A Changing Landscape--Significant Recent Trends Affecting the Small-Cap Market
PART II: Navigating in the Small-Cap Universe
Chapter Five: Asset Allocation and Small Caps
Chapter Six: Drivers of Secondary Stocks
Chapter Seven: Market Timing Small Stocks
Chapter Eight: Stock Selection Models
Chapter Nine: Style Investing
Chapter Ten: The January Effect: A Seasonal Premium
Satya Dev Pradhuman, currently CEO of Cirrus Research LLC, was the director of small-cap research at Merrill Lynch. He had been regularly named as a top ranking analyst in the Institutional Investor magazine.
Previously, he was a quantitative strategist focusing on U.S. equity and equity derivative-related strategies at Merrill Lynch. Prior to 1989, he worked as an analyst in the research departments at E.F. Hutton and Lehman Brothers. Pradhuman is widely quoted in the financial press on the topic of small caps.