The most overlooked catalyst for small caps might be balance sheet changes

In large caps, everyone watches earnings and guidance.

But with smaller companies, sometimes the biggest catalyst is simply what assets appear on the balance sheet.

For example, if a company moves from intangible digital businesses into hard assets like property portfolios, book value can change dramatically.

In some cases the market doesn’t react until months later.

Curious if anyone tracks small caps specifically for balance sheet expansion events