Large-cap stock
Large cap stocks—also known as big caps—are shares that trade for corporations with a market capitalization of $10 billion or more. Large-cap stocks tend to be less volatile during rough markets as investors fly to quality and stability and become more risk-averse.
大盘股指的是资本市场总额达到100亿美元的公司发行的股票。这类股票在艰难的市场环境下往往波动较小,原因在于投资者注重品质和稳定性,并且更能够规避风险。
There is a decided advantage for large caps in terms of liquidity and research coverage. Large-cap offerings have a strong following, and there is an abundance of company financials, independent research, and market data available for investors to review. Additionally, largecaps tend to operate with more market efficiency-trading at prices that reflect the underlying company-also, they trade at higher volumes than their smaller cousins.
在流动性和研究范围方面,大盘股拥有明显优势。大盘股发行拥有一众支持者,投资者可获得大量公司财务数据、独立研究和市场数据以供研究。此外,大盘股的市场效率更高,即按照反映附属公司的价格进行交易,且交易量更大。
Large-cap stocks are not always ideal. As mature companies, they may offer fewer growth opportunities and may not be as nimble to changing economic trends. Indeed, several large companies have experienced turmoil and have lost favor.
大盘股也并非完美无缺。作为成熟公司,发展空间较小,面对不断变化的经济趋势可能无法敏锐地捕捉到商机。实际上,有许多大公司都经历过混乱,已经失宠。
Mid-cap stock
Mid cap stocks are stocks of companies whose market capitalization falls within two billion to ten billion dollars ($2 billion – $10 billion). They are so named because they are middle stocks, falling between small-cap stocks and large-cap stocks. They are mostly well established in their specific industry sector and quite known in the markets and locations they cover while still having good growth potential.
中盘股指的是资本市场总额为20亿美元至100亿美元的公司发行的股票,介于小盘股与大盘股之间。这类公司在特定行业信誉良好,在所涉猎的市场拥有知名度,具有良好的增长潜力。
Small-cap stock
A small-cap stock is a stock from a public company whose total market value, or market capitalization, is about $300 million to $2 billion.
小盘股指的是总市值或资本市场总额约为3亿美元至20亿美元的公众公司发行的股票。
Small cap stock tend to be more volatile and riskier investments. Small-cap firms generally have less access to capital and, overall, not as many financial resources. This makes it difficult for smaller companies to obtain the necessary financing to bridge gaps in cash flow, fund new market growth pursuits, or undertake large capital expenditures. This problem can become more severe for small-cap companies during lows in the economic cycle.
小盘股往往波动较大,风险性更高。这类公司通常资金来源较少,难以获得必要融资缩小现金流差距、为新的市场发展提供资金或承担巨额资本支出,这种情况在经济低迷期会更加严重。
Despite the additional risk of small-cap stocks, there are good arguments for investment in them. One advantage is that it is easier for small companies to generate proportionately large growth rates. Also, since a small, intimate managerial staff often runs smaller companies, they can more quickly adapt to changing market conditions in some what the same way it is easier for a small boat to change course than it is for a large ocean liner.
虽然小盘股存在其他风险,但是具有以下优点:小公司更容易按比例产生高增长率;此外,由于小公司管理人员较少、关系密切,能够更快地适应不断变化的市场环境,毕竟船小好调头。
In Summary
Small-cap stocks offer the most growth potential, but that growth comes with the most risk. Large-cap stocks offer the most stability, but they offer lower growth prospects. Mid-cap stocks represent a hybrid of the two, providing a balance of growth and stability.
总之,小盘股的增长潜力最大,同时风险性也最高。大盘股稳定性最高,但增长前景最低。中盘股结合了上述两者的特性,兼具增长性和稳定性。
来源:
Investopedia;
https://www.financialfalconet.com/what-are-mid-cap-stocks-list-examples/