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

Assessment - Photon Photovoltaik-Aktienindex - 10/07/19 - RS = 37

		⇓instrument	freshest		⇓ Δday	10/07/19	⇓ Δwk	1/21/19	prc diff	⇓ Δ37	Curr	∅-RS
		SOM Price Index	1,811.310	05:30	0.22	1,795.100	0.90	1,438.820	356.280	24.76	USD	13.49
		Enphase Energy	24.280	Fri	-1.02	23.750	2.23	6.530	17.220	263.71	USD	166.48
	L	SolarEdge	88.950	Fri	0.63	85.510	4.02	37.180	48.330	129.99	USD	82.33
	L	Scatec Solar	114.900	Fri	1.06	116.000	-0.95	79.800	36.200	45.36	NOK	42.11
	L	Solaria Energía	6.695	Fri	-0.81	6.700	-0.07	4.780	1.920	40.17	EUR	40.78
		SunPower	9.970	Fri	1.99	10.180	-2.06	5.430	4.750	87.48	USD	35.92
		Xinyi Solar	4.610	Fri	-0.86	4.810	-4.16	3.310	1.500	45.32	HKD	35.62
	L	Encavis	8.850	Fri	0.68	8.640	2.43	5.780	2.860	49.48	EUR	35.36
	L	TerraForm Power	16.970	Fri	-0.35	17.280	-1.79	11.590	5.690	49.09	USD	32.02
		Daqo New Energy	43.560	Fri	-0.82	43.870	-0.71	29.330	14.540	49.57	USD	32.01
		Vivint Solar	7.080	Fri	0.85	6.980	1.43	4.240	2.740	64.62	USD	22.04
	L	Sino-American Sili	89.300	05:30	6.95	84.400	5.81	63.700	20.700	32.50	TWD	17.38
	L	SMA Solar	24.620	Fri	5.21	23.400	5.21	17.950	5.450	30.36	EUR	13.37
	L	7C Solarparken	3.210	Fri	-0.93	3.250	-1.23	2.680	0.570	21.27	EUR	13.21
	L	Azure Power Global	12.320	Fri	1.32	12.190	1.07	8.910	3.280	36.81	USD	12.56
		Sunrun	17.510	Fri	3.36	16.520	5.99	12.160	4.360	35.86	USD	12.07
		West Holdings	1,353.000	06:15	-3.77	1,339.000	1.05	1,233.000	106.000	8.60	JPY	11.72
		First Solar	56.820	Fri	0.34	56.960	-0.25	47.940	9.020	18.82	USD	7.44
	L	SPCG	21.400	Fri	1.90	20.000	7.00	18.900	1.100	5.82	THB	5.71
		JinkoSolar	15.710	Fri	-0.51	15.650	0.38	12.700	2.950	23.23	USD	4.16
		BCPG	18.500	Fri	1.65	18.100	2.21	15.400	2.700	17.53	THB	2.31
	S	Thai Solar Energy	2.460	Fri	-1.60	2.540	-3.15	1.940	0.600	30.93	THB	-0.91
	S	Canadian Solar	18.710	Fri	2.63	18.140	3.14	18.030	0.110	0.61	USD	-3.12
		United Renewable	8.210	05:30	-0.24	8.220	-0.12	8.400	-0.180	-2.14	TWD	-5.50
	S	Panda Green Energy	0.225	Fri	-0.88	0.231	-2.60	0.380	-0.149	-39.21	HKD	-25.81
		⇓instrument	freshest		⇓ Δday	10/07/19	⇓ Δwk	1/21/19	prc diff	⇓ Δ37	Curr	∅-RS
		Meyer Burger	0.407	Fri	2.36	0.399	2.11	0.721	-0.322	-44.69	CHF	-29.30
	S	GCL Poly Energy	0.325	Fri		0.315	3.17	0.520	-0.205	-39.42	HKD	-33.92
	S	SFCE	0.190	Fri	-3.55	0.199	-4.52	0.520	-0.321	-61.73	HKD	-38.07
	S	REC Silicon	3.258	Fri	-1.27	3.234	0.74	5.900	-2.666	-45.19	NOK	-43.71
		Solarpack	11.100	Fri	-1.07	11.480	-3.31	12.400	-0.920	-7.42	EUR	-na-
		Sunnova Energy	10.160	Fri	1.60	9.780	3.89				USD	-na-
PPVX - 29 out of 30 instruments rated - 10/07/19 / 1/21/19 - 22 did rise, Market-Ratio(37) = 75.86 %

Technical Chart

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

1/05/15	scale up chart	10/07/19

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
1/02/06		11/13/06	315		- cash -
short	11/13/06	2/05/07	84		Panda Green Energy	100	64,935	HKD	0.154	0.130	0.182	0.028	18	11,844	109
long	2/05/07	6/23/08	504		SunPower	100	258	USD	45.790	82.650		36.860	80	21,354	53
short	6/23/08	7/06/09	378		JA Solar Energy	100	243	USD	87.600	18.900	406.019	318.419	363	98,730	340
long	7/06/09	7/18/11	742		GCL Poly Energy	100	37,539	HKD	2.630	4.050		1.420	54	152,035	24
short	7/18/11	1/14/13	546		REC Silicon	100	2,094	NOK	72.600	11.900	442.921	370.321	510	927,487	235
long	1/14/13	10/06/14	630		SFCE	100	1,599,116	HKD	0.580	7.760		7.180	1,238	12,409,140	349
short	10/06/14	4/20/15	196		SMA Solar	100	626,724	EUR	19.800	14.680	26.706	6.906	35	16,737,108	75
long	4/20/15	5/11/15	21		Encavis	100	2,595,705	EUR	6.448	6.809		0.361	6	17,674,158	158
short	5/11/15	6/29/15	49		REC Silicon	100	994,606	NOK	17.770	17.280	18.274	0.504	3	18,175,340	23
long	6/29/15	7/27/15	28		Encavis	100	2,853,271	EUR	6.370	7.409		1.039	16	21,139,888	617
short	7/27/15	7/03/17	707		SFCE	100	7,977,316	HKD	2.650	0.440	15.960	13.310	502	127m	153
long	7/03/17	7/16/18	378		Panda Green Energy	100	123,611,222	HKD	1.030	0.540		-0.490	-48	66,750,061	-46
short	7/16/18	4/29/19	287		Panda Green Energy	100	123,611,223	HKD	0.540	0.335	0.870	0.330	61	108m	84
long	4/29/19	10/11/19	165		Enphase Energy	100	10,537,826	USD	10.210	24.280		14.070	138	256m	580
accum	11/13/06	10/11/19	4718	days out of 5033 invested (94%)								2,558,484		256m	119

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	0.58	7.76		7.18	1,237.93
	short	7/27/15	7/03/17	707	2.65	0.44	15.96	13.31	502.27	7,957.98
REC Silicon	short	7/18/11	1/14/13	546	72.60	11.90	442.92	370.32	510.08
	short	5/11/15	6/29/15	49	17.77	17.28	18.27	0.50	2.84	527.38
JA Solar Energy	short	6/23/08	7/06/09	378	87.60	18.90	406.02	318.42	363.49	363.49
Enphase Energy	long	4/29/19	10/11/19	165	10.21	24.28		14.07	137.81	137.81
SunPower	long	2/05/07	6/23/08	504	45.79	82.65		36.86	80.50	80.50
GCL Poly Energy	long	7/06/09	7/18/11	742	2.63	4.05		1.42	53.99	53.99
SMA Solar	short	10/06/14	4/20/15	196	19.80	14.68	26.71	6.91	34.88	34.88
Encavis	long	4/20/15	5/11/15	21	6.45	6.81		0.36	5.60
	long	6/29/15	7/27/15	28	6.37	7.41		1.04	16.31	22.82
Panda Green Energy	short	11/13/06	2/05/07	84	0.15	0.13	0.18	0.03	18.44
	long	7/03/17	7/16/18	378	1.03	0.54		-0.49	-47.57
	short	7/16/18	4/29/19	287	0.54	0.34	0.87	0.33	61.19	0.09

Annotations

7/29/19	PPVX	Sunnova replaces Shinsung E&G
7/12/19	REC Silicon	reverse split 10:1 (one for ten)
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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