Share-o-matic

Assessment - Photon Photovoltaik-Aktienindex in Japanese yen - 6/17/24 - RS = 37

historical assessment - show freshest

		⇓instrument	freshest		Δday	6/17/24	⇓ Δwk	10/02/23	prc diff	⇓ Δ37	⇓∅-RS
	L	SOM Price Index	386,050.987	8/12/24	-1.07	451,469.369		517,437.103	-65,967.734	-12.75	-9.16
	L	First Solar	34,597.428	8/12/24	3.51	41,241.371		23,414.826	17,826.545	76.13	63.39
	L	Xinte Energy	152.390	8/12/24	1.62	177.250		295.731	-118.482	-40.06	-17.39
	L	Solaria Energía	1,868.069	8/12/24	1.47	2,037.125		2,216.174	-179.049	-8.08	-2.77
	L	Grenergy Renovables	5,823.979	8/12/24	1.32	5,578.848		3,084.398	2,494.450	80.87	31.78
	L	Enphase Energy	17,219.018	8/12/24	1.16	19,068.591		17,498.966	1,569.625	8.97	8.26
	S	SolarEdge	3,383.519	8/12/24	1.13	6,033.206		18,355.642	-12,322.436	-67.13	-53.04
	L	United Renewable	55.066	8/12/24	0.89	57.258		68.793	-11.534	-16.77	-12.70
	L	Sino-American Sili	916.134	8/12/24	0.80	1,035.524		750.464	285.060	37.98	22.62
		Xinyi Solar	71.345	8/12/24	0.28	86.907		112.095	-25.188	-22.47	-14.73
	S	Shoals Technologies	809.583	8/12/24	0.20	1,051.037		2,567.034	-1,515.997	-59.06	-48.50
		BCPG	23.854	8/09/24		25.788		38.156	-12.367	-32.41	-24.74
		Encavis	2,873.952	8/12/24		2,882.405		2,023.497	858.908	42.45	26.90
	L	GCL Poly Energy	23.040	8/12/24		26.678		27.928	-1.250	-4.47	10.95
	L	Neoen	6,488.369	8/12/24	-0.10	6,102.922		4,209.000	1,893.921	45.00	38.76
		ReNew Energy Global	927.943	8/12/24	-0.84	980.021		757.829	222.192	29.32	8.78
	L	Voltalia	1,720.990	8/12/24	-0.97	1,714.228		1,552.423	161.805	10.42	12.47
	L	Array Tech	1,109.428	8/12/24	-0.99	1,956.886		3,199.058	-1,242.172	-38.83	-17.68
	S	SMA Solar	3,702.326	8/12/24	-1.26	6,978.632		9,146.239	-2,167.607	-23.70	-26.60
		West Holdings	2,142.000	8/09/24	-1.38	2,705.000		3,160.000	-455.000	-14.40	-7.06
	L	Scatec	1,245.202	8/12/24	-1.46	1,284.942		841.947	442.995	52.62	30.35
	L	Nextracker	6,151.566	8/12/24	-2.01	9,127.926		6,012.461	3,115.465	51.82	41.03
	L	Canadian Solar	2,083.137	8/12/24	-2.51	2,596.030		3,482.120	-886.090	-25.45	-22.82
	L	Sunrun	2,734.906	8/12/24	-3.13	2,005.808		1,683.399	322.409	19.15	1.48
	L	Enlight Renewable	255,755.305	8/12/24	-3.23	271,519.588		240,219.158	31,300.429	13.03	8.72
		⇓instrument	freshest		Δday	6/17/24	⇓ Δwk	10/02/23	prc diff	⇓ Δ37	⇓∅-RS
	L	JinkoSolar	2,974.782	8/12/24	-3.48	3,746.490		4,289.373	-542.884	-12.66	-16.07
	S	Flat Glass	236.063	8/12/24	-3.63	276.890		336.667	-59.778	-17.76	-12.46
	L	Sunnova Energy	1,044.725	8/12/24	-4.47	796.958		1,449.760	-652.803	-45.03	-36.03
		Daqo New Energy	2,534.483	8/12/24	-4.74	2,977.939		4,428.658	-1,450.720	-32.76	-22.30
	L	SunPower	31.563	8/12/24	-4.76	422.940		841.700	-418.760	-49.75	-31.09
		Altus Power	463.971	8/12/24	-6.96	673.863		718.889	-45.026	-6.26	-14.33
PPVX - 30 out of 30 instruments rated - 6/17/24 / 10/02/23 - 12 did rise, Market-Ratio(37) in JPY = 40.00 %

Technical Chart

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

1/03/22	scale up chart	7/01/24

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

													⇐
L/S	date buy	date sell	days		instrument	spl	pieces	prc buy	prc sell	ps short	prc diff	d %	asset	yield
1/02/06		11/13/06	315		- cash -
short	11/13/06	2/05/07	84		Beijing Energy	100	4,302	2.324	2.017	2.678	0.354	15	11,521	85
long	2/05/07	6/23/08	504		SunPower	100	2	5,546.588	8,871.358		3,324.770	60	18,171	41
short	6/23/08	7/06/09	378		JA Solar Energy	100	1	9,402.673	1,815.233	48,704.640	39,301.967	418	57,473	389
long	7/06/09	7/18/11	742		GCL Poly Energy	100	1,762	32.608	41.116		8.508	26	72,464	12
short	7/18/11	1/14/13	546		REC Silicon	100	70	1,034.004	191.926	5,570.722	4,536.718	439	390,034	208
long	1/14/13	10/06/14	630		SFCE	100	58,452	6.673	108.819		102.147	1,531	6,360,718	404
short	10/06/14	4/20/15	196		SMA Solar	100	2,334	2,725.074	1,879.040	3,952.033	1,226.959	45	9,224,441	100
long	4/20/15	5/11/15	21		Encavis	100	11,176	825.344	912.270		86.926	11	10,195,924	470
short	5/11/15	6/29/15	49		REC Silicon	100	36,154	282.011	269.508	295.095	13.083	5	10,668,935	40
long	6/29/15	7/27/15	28		Encavis	100	12,161	877.270	1,013.188		135.918	15	12,321,835	554
short	7/27/15	7/03/17	707		SFCE	100	292,335	42.150	6.391	277.979	235.829	560	81,263,033	165
long	7/03/17	7/16/18	378		Beijing Energy	100	5,431,658	14.961	7.729		-7.232	-48	41,979,615	-47
short	7/16/18	4/29/19	287		Beijing Energy	100	5,431,658	7.729	4.778	12.502	4.774	62	67,907,680	84
long	4/29/19	9/20/21	875		Enphase Energy	100	59,471	1,141.851	16,671.277		15,529.426	1,360	991m	206
short	9/20/21	11/22/21	63		Scatec	100	477,901	2,074.607	2,088.770	2,060.444	-14.163	-1	985m	-4
long	11/22/21	12/20/21	28		GCL Poly Energy	100	19,344,402	50.903	33.900		-17.003	-33	656m	-100
short	12/20/21	8/22/22	245		Daqo New Energy	100	151,938	4,316.074	8,560.084	72.065	-4,244.010	-98	10,949,844	-100
long	8/22/22	12/19/22	119		Array Tech	100	3,886	2,817.173	2,795.974		-21.199	-1	10,867,465	-2
short	12/19/22	1/16/23	28		Flat Glass	100	33,667	322.790	374.886	270.694	-52.096	-16	9,113,562	-90
long	1/16/23	2/20/23	35		First Solar	100	393	23,179.613	22,045.918		-1,133.696	-5	8,668,020	-41
short	2/20/23	8/12/24	539		Scatec	100	9,061	956.541	1,280.601	632.482	-324.060	-34	5,731,716	-24
accum	11/13/06	8/12/24	7020	days out of 7335 invested (96%)							57,217		5,731,716	39

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	10/06/14	630	6.67	108.82		102.15	1,530.82
	short	7/27/15	7/03/17	707	42.15	6.39	277.98	235.83	559.50	10,655.31
Enphase Energy	long	4/29/19	9/20/21	875	1,141.85	16,671.28		15,529.43	1,360.02	1,360.02
REC Silicon	short	7/18/11	1/14/13	546	1,034.00	191.93	5,570.72	4,536.72	438.75
	short	5/11/15	6/29/15	49	282.01	269.51	295.09	13.08	4.64	463.75
JA Solar Energy	short	6/23/08	7/06/09	378	9,402.67	1,815.23	48,704.64	39,301.97	417.99	417.99
SunPower	long	2/05/07	6/23/08	504	5,546.59	8,871.36		3,324.77	59.94	59.94
SMA Solar	short	10/06/14	4/20/15	196	2,725.07	1,879.04	3,952.03	1,226.96	45.02	45.02
Encavis	long	4/20/15	5/11/15	21	825.34	912.27		86.93	10.53
	long	6/29/15	7/27/15	28	877.27	1,013.19		135.92	15.49	27.66
Array Tech	long	8/22/22	12/19/22	119	2,817.17	2,795.97		-21.20	-0.75	-0.75
Beijing Energy	short	11/13/06	2/05/07	84	2.32	2.02	2.68	0.35	15.22
	long	7/03/17	7/16/18	378	14.96	7.73		-7.23	-48.34
	short	7/16/18	4/29/19	287	7.73	4.78	12.50	4.77	61.76	-3.72
First Solar	long	1/16/23	2/20/23	35	23,179.61	22,045.92		-1,133.70	-4.89	-4.89
GCL Poly Energy	long	7/06/09	7/18/11	742	32.61	41.12		8.51	26.09
	long	11/22/21	12/20/21	28	50.90	33.90		-17.00	-33.40	-16.03
Flat Glass	short	12/19/22	1/16/23	28	322.79	374.89	270.69	-52.10	-16.14	-16.14
Scatec	short	9/20/21	11/22/21	63	2,074.61	2,088.77	2,060.44	-14.16	-0.68
	short	2/20/23	8/12/24	539	956.54	1,280.60	632.48	-324.06	-33.88	-34.33
Daqo New Energy	short	12/20/21	8/22/22	245	4,316.07	8,560.08	72.06	-4,244.01	-98.33	-98.33

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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