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

Assessment - Photon Photovoltaik-Aktienindex - 27/02/23 - RS = 37

historical assessment - show freshest

		⇓instrument	freshest		⇓ Δday	27/02/23	⇓ Δwk	13/06/22	prc diff	⇓ Δ37	Curr	∅-RS
		SOM Price Index	4,193.660	Mon	0.03	4,453.640		4,286.190	167.450	3.91	USD	-0.19
		First Solar	204.680	Mon	2.53	166.110		63.130	102.980	163.12	USD	65.52
		SMA Solar	71.550	Mon	-2.85	73.350		41.340	32.010	77.43	EUR	49.67
		Meyer Burger	0.511	Mon	-0.39	0.681		0.429	0.252	58.77	CHF	45.28
		Array Tech	17.230	Mon	0.94	18.830		11.880	6.950	58.50	USD	34.95
		Shoals Technologies	20.650	Mon	2.69	24.250		17.440	6.810	39.05	USD	24.19
		Canadian Solar	35.860	Mon	2.37	39.270		30.160	9.110	30.21	USD	15.03
	L	SolarEdge	272.310	Mon	1.91	313.630		264.340	49.290	18.65	USD	12.13
		Maxeon Solar	23.390	Mon	3.40	17.230		12.100	5.130	42.40	USD	10.23
	L	Sino-American Sili	152.000	Mon	-1.30	159.000		161.500	-2.500	-1.55	TWD	3.94
		JinkoSolar	45.050	Mon	5.36	51.930		58.370	-6.440	-11.03	USD	-2.09
	S	Encavis	16.560	Mon	1.41	18.685		18.440	0.245	1.33	EUR	-2.26
	S	United Renewable	21.350	Mon	1.18	20.750		20.550	0.200	0.97	TWD	-3.50
	L	Xinte Energy	19.260	Mon	-2.92	17.160		22.650	-5.490	-24.24	HKD	-4.31
		Enphase Energy	192.510	Mon	4.83	210.780		178.240	32.540	18.26	USD	-5.91
		BCPG	9.200	Mon	2.22	9.750		11.500	-1.750	-15.22	THB	-8.30
		Daqo New Energy	48.000	Mon	5.08	44.980		58.430	-13.450	-23.02	USD	-9.14
	S	Solaria Energía	16.620	Mon	-1.60	17.255		21.150	-3.895	-18.42	EUR	-9.51
	L	Flat Glass	19.380	Mon	-1.62	21.850		32.000	-10.150	-31.72	HKD	-9.69
	S	Neoen	28.110	Mon	1.30	34.010		37.030	-3.020	-8.16	EUR	-9.85
	S	Grenergy Renovables	26.060	Mon	-2.40	29.080		37.120	-8.040	-21.66	EUR	-11.06
	S	Sunrun	17.030	Mon	-1.67	23.310		22.320	0.990	4.44	USD	-11.87
		Xinyi Solar	8.510	Mon	-3.19	9.230		13.320	-4.090	-30.71	HKD	-13.01
	S	Sunnova Energy	12.690	Mon	-1.86	17.370		18.980	-1.610	-8.48	USD	-15.18
	S	GCL Poly Energy	1.880	Mon	-3.59	2.070		3.350	-1.280	-38.21	HKD	-17.81
		⇓instrument	freshest		⇓ Δday	27/02/23	⇓ Δwk	13/06/22	prc diff	⇓ Δ37	Curr	∅-RS
	S	Enlight Renewable	5,876.000	Mon	0.69	5,932.000		5,906.000	26.000	0.44	ILS	-18.08
	S	SunPower	12.690	Mon	2.59	14.910		16.710	-1.800	-10.77	USD	-22.06
	S	West Holdings	3,000.000	Mon	-5.66	3,330.000		4,275.000	-945.000	-22.11	JPY	-23.62
	S	Scatec	65.040	Mon	-0.18	70.660		83.980	-13.320	-15.86	NOK	-24.46
	S	ReNew Energy Global	4.430	Mon	-7.90	4.340		6.700	-2.360	-35.22	USD	-33.69
		Nextracker	28.960	Mon	-0.38	30.190					USD	-na-
PPVX - 29 out of 30 instruments rated - 27/02/23 / 13/06/22 - 13 did rise, Market-Ratio(37) = 44.83 %

Technical Chart

	PPVX RS = 37 - B/S = 52/31

7/01/19	scale up chart	13/03/23

Transactions Photon Photovoltaik-Aktienindex * A37 - 52/31 (1)

														⇐
L/S	date buy	date sell	days		instrument	spl	pieces	Curr	prc buy	prc sell	ps short	prc diff	d %	asset	yield
2/01/06		13/11/06	315		- cash -
short	13/11/06	5/02/07	84		Beijing Energy	100	64,935	HKD	0.154	0.130	0.182	0.028	18	11,844	109
long	5/02/07	23/06/08	504		SunPower	100	258	USD	45.790	82.650		36.860	80	21,354	53
short	23/06/08	6/07/09	378		JA Solar Energy	100	243	USD	87.600	18.900	406.019	318.419	363	98,730	340
long	6/07/09	18/07/11	742		GCL Poly Energy	100	37,539	HKD	2.630	4.050		1.420	54	152,035	24
short	18/07/11	14/01/13	546		REC Silicon	100	2,094	NOK	72.600	11.900	442.921	370.321	510	927,487	235
long	14/01/13	6/10/14	630		SFCE	100	1,599,116	HKD	0.580	7.760		7.180	1,238	12,409,140	349
short	6/10/14	20/04/15	196		SMA Solar	100	626,724	EUR	19.800	14.680	26.706	6.906	35	16,737,108	75
long	20/04/15	11/05/15	21		Encavis	100	2,595,705	EUR	6.448	6.809		0.361	6	17,674,158	158
short	11/05/15	29/06/15	49		REC Silicon	100	994,606	NOK	17.770	17.280	18.274	0.504	3	18,175,340	23
long	29/06/15	27/07/15	28		Encavis	100	2,853,271	EUR	6.370	7.409		1.039	16	21,139,888	617
short	27/07/15	3/07/17	707		SFCE	100	7,977,316	HKD	2.650	0.440	15.960	13.310	502	127m	153
long	3/07/17	16/07/18	378		Beijing Energy	100	123,611,222	HKD	1.030	0.540		-0.490	-48	66,750,061	-46
short	16/07/18	29/04/19	287		Beijing Energy	100	123,611,223	HKD	0.540	0.335	0.870	0.330	61	108m	84
long	29/04/19	20/09/21	875		Enphase Energy	100	10,537,826	USD	10.210	152.440		142.230	1,393	1,606m	209
short	20/09/21	22/11/21	63		Scatec	100	9,694,545	NOK	165.700	162.250	169.223	3.523	2	1,641m	13
long	22/11/21	20/12/21	28		GCL Poly Energy	100	475,519,988	HKD	3.450	2.330		-1.120	-32	1,108m	-99
short	20/12/21	22/08/22	245		Daqo New Energy	100	29,118,569	USD	38.050	62.290	13.810	-24.240	-64	402m	-78
long	22/08/22	19/12/22	119		Array Tech	100	19,615,973	USD	20.500	20.450		-0.050	0	401m	-1
short	19/12/22	16/01/23	28		Flat Glass	100	21,848,946	HKD	18.360	22.750	13.970	-4.390	-24	305m	-97
long	16/01/23	20/02/23	35		First Solar	100	1,693,933	USD	180.190	164.280		-15.910	-9	278m	-62
short	20/02/23	20/03/23	28		Scatec	100	3,815,181	NOK	72.940	65.040	81.800	8.860	12	312m	346
accum	13/11/06	20/03/23	5972	days out of 6287 invested (95%)								3,120,703		312m	88

Instrument Related Contribution

instrument	L/S	date buy	date sell	days	prc buy	prc sell	ps short	prc diff	d %	total
SFCE	long	14/01/13	6/10/14	630	0.58	7.76		7.18	1,237.93
	short	27/07/15	3/07/17	707	2.65	0.44	15.96	13.31	502.27	7,957.98
Enphase Energy	long	29/04/19	20/09/21	875	10.21	152.44		142.23	1,393.05	1,393.05
REC Silicon	short	18/07/11	14/01/13	546	72.60	11.90	442.92	370.32	510.08
	short	11/05/15	29/06/15	49	17.77	17.28	18.27	0.50	2.84	527.38
JA Solar Energy	short	23/06/08	6/07/09	378	87.60	18.90	406.02	318.42	363.49	363.49
SunPower	long	5/02/07	23/06/08	504	45.79	82.65		36.86	80.50	80.50
SMA Solar	short	6/10/14	20/04/15	196	19.80	14.68	26.71	6.91	34.88	34.88
Encavis	long	20/04/15	11/05/15	21	6.45	6.81		0.36	5.60
	long	29/06/15	27/07/15	28	6.37	7.41		1.04	16.31	22.82
Scatec	short	20/09/21	22/11/21	63	165.70	162.25	169.22	3.52	2.13
	short	20/02/23	20/03/23	28	72.94	65.04	81.80	8.86	12.15	14.53
GCL Poly Energy	long	6/07/09	18/07/11	742	2.63	4.05		1.42	53.99
	long	22/11/21	20/12/21	28	3.45	2.33		-1.12	-32.46	4.00
Beijing Energy	short	13/11/06	5/02/07	84	0.15	0.13	0.18	0.03	18.44
	long	3/07/17	16/07/18	378	1.03	0.54		-0.49	-47.57
	short	16/07/18	29/04/19	287	0.54	0.34	0.87	0.33	61.19	0.09
Array Tech	long	22/08/22	19/12/22	119	20.50	20.45		-0.05	-0.24	-0.24
First Solar	long	16/01/23	20/02/23	35	180.19	164.28		-15.91	-8.83	-8.83
Flat Glass	short	19/12/22	16/01/23	28	18.36	22.75	13.97	-4.39	-23.91	-23.91
Daqo New Energy	short	20/12/21	22/08/22	245	38.05	62.29	13.81	-24.24	-63.71	-63.71

Annotations

10/02/23	PPVX	Nextracker replaces Beijing Energy
6/02/23	Enlight Renewable	reverse split 10:1 (one for ten)
25/09/22	PPVX	Maxeon Solar Technologies replaces Azure Power Global
29/10/21	PPVX	ReNew Energy Global replaces Soltec Power
29/07/21	United Renewable	reverse stock split 0.5658:1
23/07/21	PPVX	Xinte Energy replaces Maxeon
25/06/21	PPVX	Enlight Renewable Energy and Flat Glass Group replace Solarpack and Renesola
1/04/21	GCL Poly Energy	suspended
5/02/21	PPVX	Shoals Technologies Group replaces SPCG
25/01/21	PPVX	Grenergy Renovables and ReneSola replace Motech Industries and Shinsung E&G
17/11/20	Daqo New Energy	stock split 1:5 (five for one)
31/10/20	PPVX	Soltec Power replaces REC Silicon
23/10/20	PPVX	Array Technologies and REC Silicon replace 7C Solarparken and Tainergy
8/10/20	PPVX	Tainergy Tech replaces Vivint Solar (acquired by Sunrun)
21/09/20	PPVX	Motech Industries and Shinsung E&G replace China Shuifa Singyes and Thai Solar Energy
27/03/20	PPVX	China Singyes Solar and Edisun Power Europe replace Motech and Terraform Power
28/12/19	PPVX	Motech replaces SFCE
8/11/19	PPVX	Neoen replaces REC Silicon
29/07/19	PPVX	Sunnova replaces Shinsung E&G
16/02/19	PPVX	7C Solarparken replaces China Singyes Solar
10/12/18	PPVX	SFCE and Solarapack replace Motech Industries and Green Energy Technology
1/10/18	PPVX	Thai Solar Energy returns for Gintech Energy (merger with Neo Solar Power)
20/07/18	PPVX	West Holdings replaces JA Solar
17/07/18	PPVX	JA Solar exits due to becoming private (mergered with JASO Acquisition Holding as wholly owner)
25/06/18	Green Energy T	returns replacing 8point3
21/06/18	8point3	drops out due to acquisition by Capital Dynamics
18/05/18	PPVX	Enphase Energy replaces Thai Solar Energy PCL (exit due to low stock market value)
27/02/18	Capital Stage	renames into Encavis (ENergy + CApital + VISion)
16/02/18	PPVX	Solaria Energía replaces SFCE (market value falls below exit threshold)
30/12/17	PPVX	Vivint Solar replaces TerraForm Global (acquired by Brookfield Asset Management)
11/08/17	PPVX	Shinsung E&G replaces Green Energy Technology
14/03/17	PPVX	Azure Power Global replaces Trina Solar
25/11/16	PPVX	Thai Solar Energy replaces SolarCity (acquired by Tesla)
4/11/16	PPVX	SPCG replaces SPI
8/10/16	Chorus	is replaced by BCPG
8/08/16	Capital Stage	acquires Chorus Clean Energy
3/06/16	PPVX	complete analysis - all techniques have been refreshed using new market composition
2/06/16	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
18/08/15	Solarenergie	complete analysis
1/07/15	Scatec Solar	monitoring started
14/03/15	Solar Energy	first complete analysis


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