NEWS BITES - ETF
iShares FTSE MIB UCITS ETF EUR (Dist) (L:IMIB), the largest Exchange Traded Fund by market cap in the United Kingdom, traded between an intraday low of EUR1,158.70 and a high of EUR1,177.0. The average daily volatility of 0.6% places the ETF in the 1st quartile in the market meaning it is highly volatile. Today its volatility (highest price minus lowest price/lowest price) of 1.6% was 2.7 times the average daily volatility of 0.6%, up from 1.5% on Thursday and 0.03% on Wednesday. A fall in the price on high volatility is a bearish signal. The ETF price has decreased EUR22.70 (or 1.9%) from its last trading session of December 12 to close at EUR1,158.70, ending a three-day streak of rises. Compared with the Morgan Stanley Capital International United Kingdom Index [MSCI UNITED KINGDOM] which rose 134.9 points (1.1%) in the day, the relative price change was -3.1%. The volume was 0.8 times the average daily trading of 113,107 units. Its MCap is EUR173.8 billion (US$194.2 billion).
| IMIB | Today | 1 Day ago | Week ago | Month ago |
| Price, EUR | 1,158.7 | 1,165.0 | 1,164.8 | 1,234.7 |
| MSCI UNITED KINGDOM | 12,124.53 | 11,989.59 | 11,938.4 | 12,085.99 |
THE PAST WEEK [Price up 2.6% to EUR1,181.40]
In the past week the ETF rose on 3 days, fell on 1 day and was untraded on 1 day.
| DAY | Headline | Close price [EUR] | Price Change % | Comment |
| Dec 12 | Rises in 4 out of last 5 days | 1,181.4 | 1.41 | Top Rise |
| Dec 11 | Rises for a second consecutive day, a two-day rise of 1.2% | 1,165 | 0.54 | |
| Dec 10 | Increases against the trend | 1,158.7 | 0.65 | |
| Dec 09 | Drops to four-month low on robust volume | 1,151.2 | -1.17 | Steepest Fall |
YEAR-TO-DATE
iShares FTSE MIB UCITS ETF EUR (Dist) lifts 17% in 2019
iShares FTSE MIB UCITS ETF EUR (Dist) (L:IMIB), lifted EUR170.75 (or 17.3%) year-to-date (YTD) in 2019 to close at EUR1,158.70 today. Compared with the Morgan Stanley Capital International United Kingdom Index which has risen 13.4% YTD, this is a relative price increase of 3.8%.
SECTION 1
ISHARES FTSE MIB UCITS ETF EUR (DIST) BEARISH SIGNALS
1.1 Technicals:
+ Falls to Rises: in the past month the number of falls outnumbered rises 12:7 or 1.7:1.
+ The ETF's relative price strength percentile is slipping at 37 for 6 months, 10 for 3 months and 1 for 1 month.
1.2 Low Performance Indicators:
| Description | Value | Rank In Market |
| Price/MAP50 | 0.98 | In Bottom Quartile |
| Volatility % | 1.6 | In Bottom Quartile |
| Price Change % | -1.9 | In Bottom 6% |
SECTION 2
ISHARES FTSE MIB UCITS ETF EUR (DIST) BULLISH SIGNALS
2.1 Technicals:
+ The present value of EUR1,000 (PV1000) invested one year ago in iShares FTSE MIB UCITS ETF EUR (Dist) is EUR1,135, for a capital gain of EUR135.
A comparison with Morgan Stanley Capital International World Index [MSCI World] and Morgan Stanley Capital International United Kingdom Index [MSCI UNITED KINGDOM] is shown below:
| PV1000 | 1-week | 1-month | 1-year |
| IMIB.L | 995 | 938 | 1,135 |
| MSCI World | 1,016 | 1,018 | 1,172 |
| MSCI UNITED KINGDOM | 1,016 | 1,004 | 1,109 |
+ The present value of EUR1,000 (PV1000) invested five years ago in iShares FTSE MIB UCITS ETF EUR (Dist) is EUR1,311, including a capital gain of EUR310 and dividend reinvested of 92c.
+ 5 years Multiplier in EUR = 1.311x
+ Compound Annual Growth Rate (CAGR) in EUR = 5.6%
Present Value of USD1,000 invested 5 years ago:
+ The present value of USD1,000 (PV1000) invested five years ago in iShares FTSE MIB UCITS ETF EUR (Dist) is $US1,145, including a capital gain of $US144 and dividend reinvested of 81c.
+ 5 years ago EUR 1 equalled USD 1.2792
+ 5 years Multiplier in USD = 1.145x
+ Compound Annual Growth Rate (CAGR) in USD = 2.8%
2.2 High Performance Indicator:
| Description | Value | Rank In Market |
| Today's Turnover | EUR1.3 million (US$1.4 million) | In Top 4% |
SECTION 3
PRICE VOLUME DYNAMICS
3.1 Volatility:
+ iShares FTSE MIB UCITS ETF EUR (Dist) is at a discount of 6.8% to its 12-month high of EUR1,243.60 on November 07. It is also at a premium of 21.5% to the 12-month low of EUR953.40 on December 27, 2018.
3.2 The Best 3 weeks in the past quarter [Relative Price Change or RPC]
| Mon-Fri | Change % | MSCI UNITED KINGDOM Change % | RPC % | Vol Ind [1 is avg] |
| Oct 07-11 | 1.1 | 1.4 | -0.3 | 0.3 |
| Oct 21-25 | 0.9 | 2.3 | -1.4 | 0.3 |
| Sep 23-27 | 0.3 | 1.1 | -0.7 | 0.2 |
3.3 The Worst 3 weeks in the past quarter [Relative Price Change or RPC]
| Mon-Fri | Change % | MSCI UNITED KINGDOM Change % | RPC % | Vol Ind [1 is avg] |
| Nov 11-15 | -2.9 | -0.6 | -2.2 | 0.4 |
| Sep 30-Oct 04 | -2.3 | -3.6 | 1.3 | 0.2 |
| Dec 02-06 | -1.5 | -1.5 | -0.1 | 0.5 |
3.4 Trailing 3 months
| Turnover | US$49.4 million |
| Volume | 3,203,753 |
| Volume Index (1 is avg) | 0.4 |
3.5 Trailing Price Change %
3-Year price change for IMIB was 26.1%. Compared with the Morgan Stanley Capital International World Index [MSCI World] which rose 31.4% in the 3 years, the relative price change was -5.3%.
| Price Change % | Quarter | Year | 3 Years |
| IMIB | -2.6 | 13.5 | 26.1 |
| MSCI World | 5.2 | 17.2 | 31.4 |
3.6 Year-on-Year Comparison (Trailing year - ended 29 Nov)
In the past 5 years, IMIB has jumped 24.0% from 953.55 to 1,182.7, an average annual compound rise of 4.4%.
| 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
| Close | 1,182.7 | 1,019.7 | 1,179.2 | 840.83 | 949.88 | 953.55 |
| % Price Change | 5.6 | 37.9 | -17.8 | -6.4 | 30.5 | 13.5 |
| Avg Daily Volume | 258,222 | 284,098 | 864,367 | 553,400 | 637,917 | 475,383 |
| VWP | 1,186.23 | 931.85 | 908.02 | 972.14 | 983.58 | 805.69 |
| Turnover Period | 1 yr 54 d | 1 yr 2 mo | 3 mo | 6 mo | 8 mo | 4 mo |
| Price Range | 953.4 - 1,243.6 | 978.55 - 1,296.4 | 788.74 - 1,257.1 | 740.71 - 1,110.57 | 776.59 - 1,055.99 | 855.35 - 1,110.31 |
In the past 5 years average daily volume has declined 45.7% from 475,383 units to 258,222 units. Turnover period has increased from 4 months to 1 year 54 days. This indicates a larger number of core investors, making a long-term investment safer.
3.7 Beta:
+ Beta: the Beta is 0.9. A Beta lower than 1 suggests this is a low risk, low return ETF with volatility less than that of the market.
Aggregate Volumes, Prices and Turnover Period:
[Volume Index or VI in brackets; 1 is average]
+ Italy: IMIB.MI 60,853 [VI of 0.7] volume 67.115% of aggregate. Price: EUR13.91.
+ United Kingdom: IMIB.L 29,817 [VI of 3.7] volume 32.885% of aggregate. Price: GBX1,158.70.
+ Aggregate volume: there were 90,670 units of iShares FTSE MIB UCITS ETF EUR (Dist) worth EUR1.3 million traded today. The aggregate volume was 0.9 times average trading of 96,000 units.
SECTION 4
RANKING
4.1 Global Rank out of 4,367 ETFs
The present value of $US1,000 invested a year ago is $US1,115, ranking it 1821 out of 4,367 ETFs. Its 6-month relative strength (or price percentile rank) in USD is 57.
| Description | Value | Rank | Quartile |
| Net Assets (US$) | 292.3M | 1174 | Second |
| Rel Strength 6 Mo (US$) | 57 | 1893 | Second |
| PV$1000 (1Year) US$* | 1,115 | 1821 | Second |
* 1 year ago EUR 1 equalled USD 1.1368
Dec 13, 2019: EUR 1 equals USD 1.1174
4.2 Rank in the Total United Kingdom ETF Market [out of 493 ETFs]
| Description | Value | Rank |
| Rel Strength 6 Mon (GBP) | 69 | 152 |
| PV1000-1Year (GBP) | 1,135 | 87 |
SECTION 5
PROFILE
5.1 Description
iShares FTSE MIB UCITS ETF EUR (Dist) is an open-end, UCITS compliant exchange traded fund incorporated in Ireland. The Fund tracks the FTSE MIB Index.
5.2 SNAPSHOT
iShares FTSE MIB UCITS ETF EUR (Dist) (L:IMIB)
ISIN: IE00B1XNH568
| Inception Date | July 06, 2007 |
| Expense Ratio | 0.3% of average net assets |
| Category | Italy Equity |
| Asset Class | Equity ETF |
5.3 ETF Summary
| Last | EUR1,181.40 |
| Volume | 134,405 |
| Volume Index (1 is avg) | 1.2 |
| Market Cap | EUR177.2 billion [US$197.4 billion] |
| Day's Range | 1,167.60 - 1,185.00 |
| 52-Week Range | 953.40 - 1,243.60 |
| Units Outstanding | 150,000,000 |
| Relative Strength (3 mo) | 13 |
5.4 Management Fees
+ The management fee is 0.35% of total assets
IMIB.L
Source: www.BuySellSignals.com