14 sectors, one atlas
Artificial Intelligence & Software
Software, AI models and semiconductor design
AI and software small-caps are driven by recurring revenues and large contracts. The share price reacts less to today's profit than to whether growth can be financed sustainably.
Biotech & Pharma
Clinical development, regulatory approval and medical technology
Biotech small-caps are news-driven: trial data and approval decisions frequently move the share price by double digits — in either direction. Knowing the calendar means understanding the share price.
Defence & Aerospace
Defence, aerospace, and satellites
Defence and space are order-driven industries: the order backlog matters more than quarterly revenue. Government budgets set the pace.
Hydrogen & CleanTech
Hydrogen, fuel cells, and the energy transition
CleanTech small-caps depend on government support policy and offtake agreements. The critical question is almost always: has the pilot project actually become a business yet?
Quantum Computing
Quantum technology, photonics and deep tech
Quantum computing is the most speculative sector in the Atlas: high valuations, barely any revenue, and sharp price swings on individual announcements. For beginners, it is more of an educational case study than an investment.
Cybersecurity
IT security, identity and threat protection
Cybersecurity is the most defensive sector in the Atlas: recurring revenues, high switching costs, and demand underpinned by regulation.
Commodities & Mining
Treasures from the earth, share prices in the storm
Commodity and mining companies are highly dependent on world market prices that they themselves can barely influence — which makes them particularly cyclical investments, closely tied to the economic cycle. At the same time, they offer one of the few direct ways to participate in the price movements of physical commodities through the stock market.
Other
Everything that doesn't fit anywhere else.
This catch-all sector groups together listed companies that cannot be assigned to any clearly defined industry – from holding companies to conglomerates to hard-to-categorise niche providers. For investors, that means every share requires individual analysis, because broad sector logic rarely applies here.
Finance & Real Estate
Money makes money — and so does bricks and mortar
Financial and property companies make their money by safeguarding, lending, managing, or investing capital in tangible assets — their fortunes are therefore closely tied to interest rate levels and the general quality of credit. Because the sector includes many small and mid caps, the differences between individual business models are significant, and a careful analysis of each company matters more here than a broad look at the sector as a whole.
Consumer & Retail
What people buy — every day and when times are good
Consumer and retail companies make their money from people buying everyday essentials or longer-lasting goods — sometimes regardless of the economic climate, sometimes very much dependent on it. That makes the sector a broad church: in terms of resilience during downturns, a discount supermarket and a luxury furniture retailer are worlds apart.
Industrials & Manufacturing
Machinery, plant and physical value creation
Industrial companies transform raw materials and components into finished products or plant, and are heavily dependent on investment cycles across the broader economy. As a predominantly cyclical sector, their order intake rises and falls with the global economic climate.
Telecoms & Media
Connectivity and content as a business model
Telecommunications and media companies sell either the infrastructure for communication (networks, cables, mobile services) or the content that flows across it (news, entertainment, advertising). The sector is characterised by stable, recurring subscription revenues on one side, and fierce competition for advertising budgets and audience reach on the other.
Energy & Utilities
Electricity, gas and heat as a business model
Energy and utility companies are considered defensive because households and industry have a permanent need for electricity, gas and heat — regardless of economic cycles. At the same time, the sector is heavily regulated and capital-intensive, which limits growth but also shields incumbents from new competitors.
Transport & Logistics
The arteries of global trade
Transport and logistics companies make their money by moving goods and people from A to B – their business is therefore a direct reflection of the economic cycle. Because many providers operate with high fixed costs (vehicles, infrastructure, staff), every fluctuation in demand feeds through to margins in an amplified way.
How we draw the sector lines
Aktienatlas covers listed companies across fourteen sectors and seven trading venues. Each company sits in exactly one sector, assigned from its own filings and public sources — never guessed. Where a company genuinely spans two sectors we place it where its revenue comes from, not where its story is.
Educational content only, not investment advice. Small caps are highly speculative and total loss is possible. All information without warranty.