Déjà Vu All Over Again: Serial Correlation and Micro Cap Equities

Ian Cassel Blog, White Papers 0 Comments

Perritt Capital Management is one of the most well known microcap fund managers in the country. We are proud to have them as a sponsor here at MicroCapClub. The Perritt Ultra MicroCap Fund (PREOX) has a median market capitalization of just $50 million (the lowest of all 8,163 equity funds, according to Morningstar). A few months ago I interviewed Michael Corbett, CIO of Perritt Funds, and you can listen to that interview [HERE]. Perritt also publishes microcap centered white papers, such as the following: 

Déjà Vu All Over Again: Serial Correlation and Micro Cap Equities 

Experienced investors understand how compounded returns can have a significant effect on wealth creation. However it takes more than a little resolve to reap the full rewards of compounded returns, as equities have declined approximately 50% not once but twice in the past twelve years. Despite these periods of steep decline, equities – particularly micro-cap equities – have provided patient investors with large rewards over the long term. Understanding historical trends in market returns might help investors gain the perspective needed to make investing for the long term an easier pill to swallow.

[Full Report Here]

The MicroCapClub (mc2) is an exclusive forum for experienced microcap investors focused on microcap companies (sub $300m market cap). The MicroCapClub was created and founded by Ian Cassel as a way to share ideas and to learn from other seasoned like-minded microcap investors. Our goal at MicroCapClub.com is quality membership and quality stock ideas.  If you are an experienced microcap investor, feel free to Apply today.

About the MicroCap Expert Author

Ian Cassel


Ian has been investing in microcaps for 15 years and has been a full time microcap investor since 2008. Ian looks to invest in great management teams running great businesses with a moat. He tries to invest in the best 5-6-7 companies he can find at all times. Ian founded MicroCapClub in 2011 to be a place for “real” and experienced investors in the microcap space to share ideas and learn from one another. When Ian isn’t researching stocks or administering MicroCapClub, you can find him reading, golfing, or shopping at Costco with his wife.

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