iShares FTSE MIB UCITS ETF EUR (Dist) drops 1.9% on high volatility 13 December 2019

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).

IMIBToday1 Day agoWeek agoMonth ago
Price, EUR1,158.71,165.01,164.81,234.7
MSCI UNITED KINGDOM12,124.5311,989.5911,938.412,085.99

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.

DAYHeadlineClose price [EUR]Price Change %Comment
Dec 12Rises in 4 out of last 5 days1,181.41.41Top Rise
Dec 11Rises for a second consecutive day, a two-day rise of 1.2%1,1650.54
Dec 10Increases against the trend1,158.70.65
Dec 09Drops to four-month low on robust volume1,151.2-1.17Steepest 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:

DescriptionValueRank In Market
Price/MAP500.98In Bottom Quartile
Volatility %1.6In Bottom Quartile
Price Change %-1.9In 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:

PV10001-week1-month1-year
IMIB.L9959381,135
MSCI World1,0161,0181,172
MSCI UNITED KINGDOM1,0161,0041,109

+ 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:

DescriptionValueRank In Market
Today's TurnoverEUR1.3 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-FriChange %MSCI UNITED KINGDOM Change %RPC %Vol Ind [1 is avg]
Oct 07-111.11.4-0.30.3
Oct 21-250.92.3-1.40.3
Sep 23-270.31.1-0.70.2

3.3 The Worst 3 weeks in the past quarter [Relative Price Change or RPC]

Mon-FriChange %MSCI UNITED KINGDOM Change %RPC %Vol Ind [1 is avg]
Nov 11-15-2.9-0.6-2.20.4
Sep 30-Oct 04-2.3-3.61.30.2
Dec 02-06-1.5-1.5-0.10.5

3.4 Trailing 3 months

TurnoverUS$49.4 million
Volume3,203,753
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 %QuarterYear3 Years
IMIB-2.613.526.1
MSCI World5.217.231.4

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%.

201920182017201620152014
Close1,182.71,019.71,179.2840.83949.88953.55
% Price Change5.637.9-17.8-6.430.513.5
Avg Daily Volume258,222284,098864,367553,400637,917475,383
VWP1,186.23931.85908.02972.14983.58805.69
Turnover Period1 yr 54 d1 yr 2 mo3 mo6 mo8 mo4 mo
Price Range953.4 - 1,243.6978.55 - 1,296.4788.74 - 1,257.1740.71 - 1,110.57776.59 - 1,055.99855.35 - 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.

DescriptionValueRankQuartile
Net Assets (US$)292.3M1174Second
Rel Strength 6 Mo (US$)571893Second
PV$1000 (1Year) US$*1,1151821Second

* 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]

DescriptionValueRank
Rel Strength 6 Mon (GBP)69152
PV1000-1Year (GBP)1,13587

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 DateJuly 06, 2007
Expense Ratio0.3% of average net assets
CategoryItaly Equity
Asset ClassEquity ETF

5.3 ETF Summary

LastEUR1,181.40
Volume134,405
Volume Index (1 is avg)1.2
Market CapEUR177.2 billion [US$197.4 billion]
Day's Range1,167.60 - 1,185.00
52-Week Range953.40 - 1,243.60
Units Outstanding150,000,000
Relative Strength (3 mo)13

5.4 Management Fees

+ The management fee is 0.35% of total assets

IMIB.L

Source: www.BuySellSignals.com