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Some stocks are referred to as "Mid Cap" stocks. Domestic stocks can be divided into any number of categories based on size (that is, market capitalization). When financial advisors divide domestic stocks into two categories, they typically use the terms "Large Cap" and "Small Cap." When financial advisors divide domestic stocks into three categories, they typically use the terms "Large Cap," "Mid Cap," and "Small Cap."
Different financial advisors use different market capitalization values to delineate these categories based on size. For the purposes of allocating your assets to achieve a well-diversified portfolio, two size categories for domestic stocks is generally considered sufficient.
Value Line uses $4.0 billion as the market capitalization value to delineate between Large Cap and Small Cap domestic stocks. If you download the asset class for a Mid Cap stock, it will be assigned Large Cap or Small Cap as its asset class, depending on whether its market cap is above or below $4.0 billion.
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