Share-o-matic - Assessment PPVX (Photon Photovoltaik-Aktienindex)

Assessment - Photon Photovoltaik-Aktienindex - 5/06/24 - RS = 26

		⇓instrument	freshest		⇓ Δday	5/06/24	⇓ Δwk	11/06/23	prc diff	⇓ Δ26	Curr	∅-RS
		SOM Price Index	2,802.370	Fri	-0.37	2,838.030	-1.26	3,200.760	-362.730	-11.33	USD	-19.00
	L	Encavis	16.950	Fri	-0.24	16.910	0.24	13.050	3.860	29.58	EUR	20.29
	L	First Solar	191.050	Fri	-1.32	193.810	-1.42	146.970	46.840	31.87	USD	15.20
		Sino-American Sili	194.500	Fri	0.26	197.000	-1.27	175.000	22.000	12.57	TWD	12.17
		Nextracker	42.250	Fri	-2.20	46.890	-9.90	36.770	10.120	27.52	USD	10.51
	L	Neoen	30.480	Fri	-0.33	29.880	2.01	25.760	4.120	15.99	EUR	10.46
	L	Scatec	79.250	Fri	-0.31	76.750	3.26	66.200	10.550	15.94	NOK	9.21
	L	Flat Glass	17.600	Fri	-6.28	18.520	-4.97	15.800	2.720	17.22	HKD	7.49
		Grenergy Renovables	28.350	Fri	-1.39	27.900	1.61	24.860	3.040	12.23	EUR	6.85
		ReNew Energy Global	6.010	Fri		6.360	-5.50	5.870	0.490	8.35	USD	6.22
	L	Xinyi Solar	5.770	Fri	-1.54	5.760	0.17	5.080	0.680	13.39	HKD	2.95
		Enlight Renewable	6,754.000	Thu	1.06	6,425.000	5.12	5,790.000	635.000	10.97	ILS	1.96
	L	GCL Poly Energy	1.320	Fri		1.260	4.76	1.250	0.010	0.80	HKD	-2.55
		West Holdings	2,800.000	Fri	-2.06	2,843.000	-1.51	3,380.000	-537.000	-15.89	JPY	-2.56
	L	Enphase Energy	108.350	Fri	-2.50	115.080	-5.85	78.180	36.900	47.20	USD	-6.11
		Sunrun	11.260	Fri	-9.27	11.990	-6.09	10.290	1.700	16.52	USD	-12.55
	L	Voltalia	8.700	Fri	-0.11	8.340	4.32	8.730	-0.390	-4.47	EUR	-15.57
	S	Altus Power	4.440	Fri	-2.42	4.420	0.45	5.470	-1.050	-19.20	USD	-18.25
		JinkoSolar	23.730	Fri	-9.12	25.710	-7.70	34.160	-8.450	-24.74	USD	-18.81
	L	Array Tech	12.760	Fri	2.00	13.740	-7.13	18.000	-4.260	-23.67	USD	-19.06
	L	United Renewable	11.400	Fri		11.750	-2.98	14.900	-3.150	-21.14	TWD	-20.74
	S	BCPG	6.600	Fri	-0.75	6.750	-2.22	9.050	-2.300	-25.41	THB	-21.44
	L	SMA Solar	47.040	Fri	0.30	49.440	-4.85	54.150	-4.710	-8.70	EUR	-22.15
		Solaria Energía	11.160	Fri	1.45	10.320	8.14	15.045	-4.725	-31.41	EUR	-22.67
	L	Xinte Energy	9.200	Fri		9.090	1.21	11.420	-2.330	-20.40	HKD	-24.71
		⇓instrument	freshest		⇓ Δday	5/06/24	⇓ Δwk	11/06/23	prc diff	⇓ Δ26	Curr	∅-RS
		Canadian Solar	15.700	Fri	-9.14	17.360	-9.56	21.560	-4.200	-19.48	USD	-29.38
		Daqo New Energy	17.930	Fri	-5.58	19.020	-5.73	26.390	-7.370	-27.93	USD	-31.61
	L	SolarEdge	49.470	Fri	-6.08	60.070	-17.65	71.770	-11.700	-16.30	USD	-41.32
	S	Shoals Technologies	6.940	Fri	-9.64	8.850	-21.58	15.650	-6.800	-43.45	USD	-44.55
	L	SunPower	2.300	Fri	-2.95	2.360	-2.54	4.290	-1.930	-44.99	USD	-49.35
	S	Sunnova Energy	4.030	Fri	-6.93	4.670	-13.70	9.930	-5.260	-52.97	USD	-52.12
PPVX - 30 out of 30 instruments rated - 5/06/24 / 11/06/23 - 14 did rise, Market-Ratio(26) = 46.67 %

Technical Chart

	PPVX RS = 26 - B/S = 60/40

1/06/20	scale up chart	5/06/24

Transactions Photon Photovoltaik-Aktienindex * 26 - 60/40 (1)

														⇐
L/S	date buy	date sell	days		instrument	spl	pieces	Curr	prc buy	prc sell	ps short	prc diff	d %	asset	yield
1/02/06		3/13/06	70		- cash -
short	3/13/06	3/20/06	7		Beijing Energy	100	58,479	HKD	0.171	0.162	0.181	0.009	6	10,556	1,576
long	3/20/06	7/24/06	126		Motech Industries	100	19	TWD	555.030	557.310		2.280	0	10,599	1
short	7/24/06	11/20/06	119		Beijing Energy	100	75,706	HKD	0.140	0.143	0.137	-0.003	-2	10,372	-6
long	11/20/06	3/03/08	469		Encavis	100	5,416	EUR	1.915	1.818		-0.097	-5	9,846	-4
short	3/03/08	8/04/08	154		JA Solar Energy	100	140	USD	69.950	75.800	64.100	-5.850	-8	9,027	-19
long	8/04/08	9/22/08	49		Canadian Solar	100	333	USD	27.040	25.300		-1.740	-6	8,448	-39
short	9/22/08	5/11/09	231		JA Solar Energy	100	137	USD	61.450	15.550	242.836	181.386	295	33,298	777
long	5/11/09	11/23/09	196		GCL Poly Energy	100	21,622	HKD	1.540	2.530		0.990	64	54,704	152
short	11/23/09	1/11/10	49		REC Silicon	100	206	NOK	265.500	299.600	231.400	-34.100	-13	47,679	-64
long	1/11/10	1/18/10	7		Canadian Solar	100	1,464	USD	32.560	26.320		-6.240	-19	38,544	-100
short	1/18/10	2/22/10	35		REC Silicon	100	148	NOK	258.900	168.400	398.036	139.136	54	59,136	8,771
long	2/22/10	5/17/10	84		Canadian Solar	100	2,880	USD	20.530	13.270		-7.260	-35	38,227	-85
short	5/17/10	8/02/10	77		SunPower	100	3,167	USD	12.070	12.970	11.170	-0.900	-7	35,377	-31
long	8/02/10	5/16/11	287		United Renewable	100	281	TWD	125.656	102.848		-22.808	-18	28,968	-22
short	5/16/11	1/14/13	609		Canadian Solar	100	3,104	USD	9.330	4.460	19.518	10.188	109	60,590	56
long	1/14/13	5/19/14	490		SFCE	100	104,465	HKD	0.580	10.820		10.240	1,766	1,130,312	784
short	5/19/14	6/09/14	21		Beijing Energy	100	1,662,223	HKD	0.680	0.760	0.600	-0.080	-12	997,334	-89
long	6/09/14	7/14/14	35		SFCE	100	93,734	HKD	10.640	9.950		-0.690	-6	932,658	-50
short	7/14/14	4/13/15	273		Beijing Energy	100	981,744	HKD	0.950	1.260	0.640	-0.310	-33	628,317	-41
long	4/13/15	8/03/15	112		Encavis	100	97,670	EUR	6.433	8.212		1.779	28	802,072	122
short	8/03/15	3/07/16	217		SFCE	100	299,280	HKD	2.680	1.610	4.461	1.781	66	1,335,119	136
long	3/07/16	4/04/16	28		SMA Solar	100	31,728	EUR	42.080	43.225		1.145	3	1,371,448	42
short	4/04/16	9/04/17	518		China Shuifa Singyes	100	439,566	HKD	3.120	2.440	3.990	0.870	28	1,753,651	19
long	9/04/17	6/11/18	280		SolarEdge	100	64,950	USD	27.000	52.900		25.900	96	3,435,856	140
short	6/11/18	4/08/19	301		JinkoSolar	100	274,868	USD	12.500	19.860	5.140	-7.360	-59	1,412,827	-66
L/S	date buy	date sell	days		instrument	spl	pieces	Curr	prc buy	prc sell	ps short	prc diff	d %	asset	yield
long	4/08/19	3/16/20	343		Enphase Energy	100	137,971	USD	10.240	27.450		17.210	168	3,787,308	186
short	3/16/20	6/01/20	77		Meyer Burger	100	25,282,430	CHF	0.150	0.175	0.125	-0.025	-16	3,162,832	-57
long	6/01/20	5/17/21	350		Enphase Energy	100	52,996	USD	59.680	118.420		58.740	98	6,275,817	104
short	5/17/21	11/01/21	168		Neoen	100	189,946	EUR	33.040	40.500	25.580	-7.460	-23	4,858,820	-43
long	11/01/21	12/20/21	49		GCL Poly Energy	100	1,349,672	HKD	3.600	2.330		-1.270	-35	3,144,737	-96
short	12/20/21	7/25/22	217		Daqo New Energy	100	82,647	USD	38.050	60.370	15.730	-22.320	-59	1,300,055	-77
long	7/25/22	10/03/22	70		GCL Poly Energy	100	373,579	HKD	3.480	2.420		-1.060	-30	904,062	-85
short	10/03/22	11/07/22	35		Flat Glass	100	47,682	HKD	18.960	22.900	15.020	-3.940	-21	716,195	-91
long	11/07/22	2/06/23	91		First Solar	100	4,863	USD	147.250	167.470		20.220	14	814,525	68
short	2/06/23	4/17/23	70		ReNew Energy Global	100	145,711	USD	5.590	5.750	5.430	-0.160	-3	791,211	-14
long	4/17/23	5/08/23	21		First Solar	100	3,614	USD	218.890	177.460		-41.430	-19	641,483	-97
short	5/08/23	5/10/24	368		SunPower	100	56,518	USD	11.350	2.300	56.010	44.660	393	3,165,565	387
accum	3/13/06	5/10/24	6634	days out of 6704 invested (99%)								31,556		3,165,565	37

Instrument Related Contribution

instrument	L/S	date buy	date sell	days	prc buy	prc sell	ps short	prc diff	d %	total
SFCE	long	1/14/13	5/19/14	490	0.58	10.82		10.24	1,765.52
	long	6/09/14	7/14/14	35	10.64	9.95		-0.69	-6.48
	short	8/03/15	3/07/16	217	2.68	1.61	4.46	1.78	66.46	2,803.94
Enphase Energy	long	4/08/19	3/16/20	343	10.24	27.45		17.21	168.07
	long	6/01/20	5/17/21	350	59.68	118.42		58.74	98.42	431.91
SunPower	short	5/17/10	8/02/10	77	12.07	12.97	11.17	-0.90	-7.46
	short	5/08/23	5/10/24	368	11.35	2.30	56.01	44.66	393.48	356.68
JA Solar Energy	short	3/03/08	8/04/08	154	69.95	75.80	64.10	-5.85	-8.36
	short	9/22/08	5/11/09	231	61.45	15.55	242.84	181.39	295.18	262.13
SolarEdge	long	9/04/17	6/11/18	280	27.00	52.90		25.90	95.93	95.93
REC Silicon	short	11/23/09	1/11/10	49	265.50	299.60	231.40	-34.10	-12.84
	short	1/18/10	2/22/10	35	258.90	168.40	398.04	139.14	53.74	34.00
China Shuifa Singyes	short	4/04/16	9/04/17	518	3.12	2.44	3.99	0.87	27.87	27.87
Encavis	long	11/20/06	3/03/08	469	1.92	1.82		-0.10	-5.07
	long	4/13/15	8/03/15	112	6.43	8.21		1.78	27.65	21.19
SMA Solar	long	3/07/16	4/04/16	28	42.08	43.23		1.15	2.72	2.72
Canadian Solar	long	8/04/08	9/22/08	49	27.04	25.30		-1.74	-6.43
	long	1/11/10	1/18/10	7	32.56	26.32		-6.24	-19.16
	long	2/22/10	5/17/10	84	20.53	13.27		-7.26	-35.36
	short	5/16/11	1/14/13	609	9.33	4.46	19.52	10.19	109.19	2.27
Motech Industries	long	3/20/06	7/24/06	126	555.03	557.31		2.28	0.41	0.41
ReNew Energy Global	short	2/06/23	4/17/23	70	5.59	5.75	5.43	-0.16	-2.86	-2.86
First Solar	long	11/07/22	2/06/23	91	147.25	167.47		20.22	13.73
	long	4/17/23	5/08/23	21	218.89	177.46		-41.43	-18.93	-7.79
Meyer Burger	short	3/16/20	6/01/20	77	0.15	0.17	0.13	-0.02	-16.49	-16.49
instrument	L/S	date buy	date sell	days	prc buy	prc sell	ps short	prc diff	d %	total
United Renewable	long	8/02/10	5/16/11	287	125.66	102.85		-22.81	-18.15	-18.15
Flat Glass	short	10/03/22	11/07/22	35	18.96	22.90	15.02	-3.94	-20.78	-20.78
Neoen	short	5/17/21	11/01/21	168	33.04	40.50	25.58	-7.46	-22.58	-22.58
GCL Poly Energy	long	5/11/09	11/23/09	196	1.54	2.53		0.99	64.29
	long	11/01/21	12/20/21	49	3.60	2.33		-1.27	-35.28
	long	7/25/22	10/03/22	70	3.48	2.42		-1.06	-30.46	-26.06
Beijing Energy	short	3/13/06	3/20/06	7	0.17	0.16	0.18	0.01	5.56
	short	7/24/06	11/20/06	119	0.14	0.14	0.14	-0.00	-2.14
	short	5/19/14	6/09/14	21	0.68	0.76	0.60	-0.08	-11.76
	short	7/14/14	4/13/15	273	0.95	1.26	0.64	-0.31	-32.63	-38.60
Daqo New Energy	short	12/20/21	7/25/22	217	38.05	60.37	15.73	-22.32	-58.66	-58.66
JinkoSolar	short	6/11/18	4/08/19	301	12.50	19.86	5.14	-7.36	-58.88	-58.88

Annotations

4/22/24	PPVX	Voltalia replaces Meyer Burger
11/13/23	PPVX	Altus Power replaces Maxeon
2/10/23	PPVX	Nextracker replaces Beijing Energy
2/06/23	Enlight Renewable	reverse split 10:1 (one for ten)
9/25/22	PPVX	Maxeon Solar Technologies replaces Azure Power Global
10/29/21	PPVX	ReNew Energy Global replaces Soltec Power
7/29/21	United Renewable	reverse stock split 0.5658:1
7/23/21	PPVX	Xinte Energy replaces Maxeon
6/25/21	PPVX	Enlight Renewable Energy and Flat Glass Group replace Solarpack and Renesola
4/01/21	GCL Poly Energy	suspended
2/05/21	PPVX	Shoals Technologies Group replaces SPCG
1/25/21	PPVX	Grenergy Renovables and ReneSola replace Motech Industries and Shinsung E&G
11/17/20	Daqo New Energy	stock split 1:5 (five for one)
10/31/20	PPVX	Soltec Power replaces REC Silicon
10/23/20	PPVX	Array Technologies and REC Silicon replace 7C Solarparken and Tainergy
10/08/20	PPVX	Tainergy Tech replaces Vivint Solar (acquired by Sunrun)
9/21/20	PPVX	Motech Industries and Shinsung E&G replace China Shuifa Singyes and Thai Solar Energy
3/27/20	PPVX	China Singyes Solar and Edisun Power Europe replace Motech and Terraform Power
12/28/19	PPVX	Motech replaces SFCE
11/08/19	PPVX	Neoen replaces REC Silicon
7/29/19	PPVX	Sunnova replaces Shinsung E&G
2/16/19	PPVX	7C Solarparken replaces China Singyes Solar
12/10/18	PPVX	SFCE and Solarapack replace Motech Industries and Green Energy Technology
10/01/18	PPVX	Thai Solar Energy returns for Gintech Energy (merger with Neo Solar Power)
7/20/18	PPVX	West Holdings replaces JA Solar
7/17/18	PPVX	JA Solar exits due to becoming private (mergered with JASO Acquisition Holding as wholly owner)
6/25/18	Green Energy T	returns replacing 8point3
6/21/18	8point3	drops out due to acquisition by Capital Dynamics
5/18/18	PPVX	Enphase Energy replaces Thai Solar Energy PCL (exit due to low stock market value)
2/27/18	Capital Stage	renames into Encavis (ENergy + CApital + VISion)
2/16/18	PPVX	Solaria Energía replaces SFCE (market value falls below exit threshold)
12/30/17	PPVX	Vivint Solar replaces TerraForm Global (acquired by Brookfield Asset Management)
8/11/17	PPVX	Shinsung E&G replaces Green Energy Technology
3/14/17	PPVX	Azure Power Global replaces Trina Solar
11/25/16	PPVX	Thai Solar Energy replaces SolarCity (acquired by Tesla)
11/04/16	PPVX	SPCG replaces SPI
10/08/16	Chorus	is replaced by BCPG
8/08/16	Capital Stage	acquires Chorus Clean Energy
6/03/16	PPVX	complete analysis - all techniques have been refreshed using new market composition
6/02/16	Solarenergie	Change Of Composition This market matches the PPVX (Photon Photovoltaiics Stock Index) regarding composition now. The PPVX is a cooperation of PHOTON International GmbH, Berlin and Öko-Invest-Verlags-GmbH, Vienna. The index here is not the original PPVX but the Share-o-matic standard index, an equal weighted price index in USD starting in 2005 at 100 points. The standard techniques have been re-calculated, best practice analysis is in progress.
1/01/16	Sunrun	recording started
8/18/15	Solarenergie	complete analysis
7/01/15	Scatec Solar	monitoring started
3/14/15	Solar Energy	first complete analysis


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