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

Assessment - Photon Photovoltaik-Aktienindex - 13/03/23 - RS = 45

		⇓instrument	freshest		⇓ Δday	13/03/23	⇓ Δwk	2/05/22	prc diff	⇓ Δ45	Curr	∅-RS
		SOM Price Index	4,193.660	Mon	0.03	4,501.390	-6.84	4,060.190	441.200	10.87	USD	0.47
		First Solar	204.680	Mon	2.53	203.580	0.54	73.640	129.940	176.45	USD	96.63
		Maxeon Solar	23.390	Mon	3.40	25.660	-8.85	11.420	14.240	124.69	USD	60.57
		SMA Solar	71.550	Mon	-2.85	78.600	-8.97	44.800	33.800	75.45	EUR	56.03
		Array Tech	17.230	Mon	0.94	19.660	-12.36	7.210	12.450	172.68	USD	37.32
		Meyer Burger	0.511	Mon	-0.39	0.574	-11.06	0.451	0.123	27.33	CHF	20.12
		Canadian Solar	35.860	Mon	2.37	39.200	-8.52	27.810	11.390	40.96	USD	13.77
	L	Xinte Energy	19.260	Mon	-2.92	20.500	-6.05	17.480	3.020	17.28	HKD	13.74
	L	SolarEdge	272.310	Mon	1.91	316.210	-13.88	255.310	60.900	23.85	USD	12.87
		Shoals Technologies	20.650	Mon	2.69	21.060	-1.95	11.000	10.060	91.45	USD	5.62
	L	Sino-American Sili	152.000	Mon	-1.30	157.000	-3.18	149.000	8.000	5.37	TWD	3.02
		Daqo New Energy	48.000	Mon	5.08	49.830	-3.67	40.350	9.480	23.49	USD	0.50
	S	United Renewable	21.350	Mon	1.18	20.650	3.39	21.500	-0.850	-3.95	TWD	-3.99
		JinkoSolar	45.050	Mon	5.36	49.680	-9.32	50.560	-0.880	-1.74	USD	-6.58
		Enphase Energy	192.510	Mon	4.83	211.530	-8.99	168.330	43.200	25.66	USD	-6.78
	S	Solaria Energía	16.620	Mon	-1.60	17.325	-4.07	20.340	-3.015	-14.82	EUR	-9.12
	S	Encavis	16.560	Mon	1.41	16.875	-1.87	19.710	-2.835	-14.38	EUR	-12.30
	S	Enlight Renewable	5,876.000	Mon	0.69	6,220.000	-5.53	6,903.000	-683.000	-9.89	ILS	-13.17
	L	Flat Glass	19.380	Mon	-1.62	20.700	-6.38	28.400	-7.700	-27.11	HKD	-13.33
		BCPG	9.200	Mon	2.22	9.100	1.10	12.300	-3.200	-26.02	THB	-13.62
	S	Grenergy Renovables	26.060	Mon	-2.40	28.180	-7.52	34.100	-5.920	-17.36	EUR	-13.98
		Xinyi Solar	8.510	Mon	-3.19	8.840	-3.73	11.840	-3.000	-25.34	HKD	-15.52
	S	Sunnova Energy	12.690	Mon	-1.86	16.820	-24.55	17.990	-1.170	-6.50	USD	-17.45
	S	Sunrun	17.030	Mon	-1.67	21.260	-19.90	21.760	-0.500	-2.30	USD	-19.19
	S	GCL Poly Energy	1.880	Mon	-3.59	1.990	-5.53	2.540	-0.550	-21.65	HKD	-20.11
		⇓instrument	freshest		⇓ Δday	13/03/23	⇓ Δwk	2/05/22	prc diff	⇓ Δ45	Curr	∅-RS
	S	SunPower	12.690	Mon	2.59	15.150	-16.24	16.900	-1.750	-10.36	USD	-20.30
	S	West Holdings	3,000.000	Mon	-5.66	3,345.000	-10.31	5,390.000	-2,045.000	-37.94	JPY	-22.40
	S	ReNew Energy Global	4.430	Mon	-7.90	4.690	-5.54	7.880	-3.190	-40.48	USD	-26.51
	S	Neoen	28.110	Mon	1.30	26.880	4.58	37.520	-10.640	-28.36	EUR	-28.50
	S	Scatec	65.040	Mon	-0.18	64.520	0.81	108.700	-44.180	-40.64	NOK	-29.48
		Nextracker	28.960	Mon	-0.38	32.000	-9.50				USD	-na-
PPVX - 29 out of 30 instruments rated - 13/03/23 / 2/05/22 - 12 did rise, Market-Ratio(45) = 41.38 %

Technical Chart

	PPVX RS = 45 - B/S = 40/47

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

Transactions Photon Photovoltaik-Aktienindex * S45 - 40/47 (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		16/01/06	14		- cash -
short	16/01/06	23/01/06	7		Beijing Energy	100	57,142	HKD	0.175	0.160	0.191	0.016	9	10,937	10,580
23/01/06		24/07/06	182		- cash -
	24/07/06	7/08/06	14		Beijing Energy	100	78,122	HKD	0.140	0.140	0.140	0.000	0	10,937	0
7/08/06		25/12/06	140		- cash -
	25/12/06	1/01/07	7		Beijing Energy	100	78,122	HKD	0.140	0.140	0.140	0.000	0	10,937	0
1/01/07		8/01/07	7		- cash -
	8/01/07	22/01/07	14		Motech Industries	100	21	TWD	497.160	568.080	426.240	-70.920	-14	9,448	-98
22/01/07		28/07/08	553		- cash -
	28/07/08	31/08/09	399		JA Solar Energy	100	122	USD	77.300	17.600	339.505	262.205	339	41,437	287
31/08/09		31/05/10	273		- cash -
	31/05/10	28/06/10	28		SunPower	100	3,382	USD	12.250	12.850	11.650	-0.600	-5	39,408	-48
28/06/10		11/07/11	378		- cash -
	11/07/11	4/03/13	602		REC Silicon	100	497	NOK	79.200	9.700	646.664	567.464	716	321,437	257
4/03/13		25/03/13	21		- cash -
	25/03/13	13/05/13	49		Meyer Burger	100	44,830	CHF	7.170	6.300	8.160	0.990	14	365,823	162
13/05/13		13/10/14	518		- cash -
	13/10/14	20/10/14	7		SMA Solar	100	20,633	EUR	17.730	19.210	16.250	-1.480	-8	335,287	-99
20/10/14		10/11/14	21		- cash -
	10/11/14	30/03/15	140		SMA Solar	100	17,674	EUR	18.970	11.790	30.523	11.553	61	539,467	246
30/03/15		4/05/15	35		- cash -
	4/05/15	26/10/15	175		SFCE	100	102,951	HKD	5.240	2.610	10.520	5.280	101	1,083,069	328
26/10/15		16/11/15	21		- cash -
	16/11/15	30/11/15	14		TerraForm Power	100	82,488	USD	13.130	6.900	24.985	11.855	90	2,060,973	> 999,999
30/11/15		11/01/16	42		- cash -
	11/01/16	4/07/16	175		TerraForm Power	100	206,097	USD	10.000	10.940	9.060	-0.940	-9	1,867,241	-19
4/07/16		11/07/16	7		- cash -
	11/07/16	31/07/17	385		SFCE	100	1,812,855	HKD	1.030	0.425	2.496	1.466	142	4,525,249	131
31/07/17		16/07/18	350		- cash -
	16/07/18	22/04/19	280		Beijing Energy	100	8,380,091	HKD	0.540	0.335	0.870	0.330	61	7,294,031	86
22/04/19		16/03/20	329		- cash -
	16/03/20	30/03/20	14		Meyer Burger	100	48,691,798	CHF	0.150	0.165	0.135	-0.015	-10	6,549,047	-94
30/03/20		22/11/21	602		- cash -
	22/11/21	21/03/22	119		Scatec	100	40,363	NOK	162.250	136.850	192.364	30.114	19	7,764,554	69
21/03/22		25/04/22	35		- cash -
	25/04/22	8/08/22	105		Shoals Technologies	100	745,158	USD	10.420	23.780	0.000	-10.420	-100	8	-100
8/08/22		12/09/22	35		- cash -
	12/09/22	21/11/22	70		Azure Power Global	100	1	USD	5.560	5.310	5.822	0.262	5	8	27
21/11/22		6/02/23	77		- cash -
	6/02/23	6/03/23	28		ReNew Energy Global	100	1	USD	5.590	4.550	6.868	1.278	23	10	1,363
6/03/23		21/03/23	15		- cash -
accum	16/01/06	6/03/23	2632	days out of 6287 invested (42%)								-100		10	-62

Instrument Related Contribution

instrument	L/S	date buy	date sell	days	prc buy	prc sell	ps short	prc diff	d %	total
REC Silicon	short	11/07/11	4/03/13	602	79.20	9.70	646.66	567.46	716.49	716.49
SFCE		4/05/15	26/10/15	175	5.24	2.61	10.52	5.28	100.77
		11/07/16	31/07/17	385	1.03	0.43	2.50	1.47	142.35	386.56
JA Solar Energy		28/07/08	31/08/09	399	77.30	17.60	339.51	262.21	339.20	339.20
Beijing Energy		16/01/06	23/01/06	7	0.18	0.16	0.19	0.02	9.37
		24/07/06	7/08/06	14	0.14	0.14	0.14	0.00	0.00
		25/12/06	1/01/07	7	0.14	0.14	0.14	0.00	0.00
		16/07/18	22/04/19	280	0.54	0.34	0.87	0.33	61.19	76.29
TerraForm Power		16/11/15	30/11/15	14	13.13	6.90	24.99	11.86	90.29
		11/01/16	4/07/16	175	10.00	10.94	9.06	-0.94	-9.40	72.40
SMA Solar		13/10/14	20/10/14	7	17.73	19.21	16.25	-1.48	-8.35
		10/11/14	30/03/15	140	18.97	11.79	30.52	11.55	60.90	47.47
ReNew Energy Global		6/02/23	6/03/23	28	5.59	4.55	6.87	1.28	22.86	22.86
Scatec		22/11/21	21/03/22	119	162.25	136.85	192.36	30.11	18.56	18.56
Azure Power Global		12/09/22	21/11/22	70	5.56	5.31	5.82	0.26	4.71	4.71
Meyer Burger		25/03/13	13/05/13	49	7.17	6.30	8.16	0.99	13.81
		16/03/20	30/03/20	14	0.15	0.17	0.13	-0.02	-10.21	2.18
SunPower		31/05/10	28/06/10	28	12.25	12.85	11.65	-0.60	-4.90	-4.90
Motech Industries		8/01/07	22/01/07	14	497.16	568.08	426.24	-70.92	-14.27	-14.27
Shoals Technologies		25/04/22	8/08/22	105	10.42	23.78	0.00	-10.42	-100.00	-100.00

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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