This indicator represents the proportion of the total value of listed companies that is attributed to firms outside the ten largest players in the market. By examining the combined market capitalization of smaller companies, investors can gauge the breadth and diversity of the market landscape, revealing
insights into potential growth opportunities or undercurrents that may be overshadowed by dominant firms. A higher percentage suggests a more diverse market with numerous viable investment options, while a lower percentage may indicate market concentration risks. Analyzing this metric can help investors assess overall market health and identify sectors or industries that may offer substantial future returns, beyond the influence of leading companies.
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