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

Assessment - Photon Photovoltaik-Aktienindex - 5/10/21 - RS = 37

		⇓instrument	freshest		⇓ Δday	5/10/21	⇓ Δwk	8/24/20	prc diff	⇓ Δ37	Curr	∅-RS
		SOM Price Index	3,704.570	Wed	-5.06	3,915.010	-5.38	2,954.020	960.990	32.53	USD	14.88
		GCL Poly Energy	1.980	Wed	-2.46	1.980		0.310	1.670	538.71	HKD	342.46
		ReneSola	7.170	Wed	-6.15	7.530	-4.78	2.220	5.310	239.19	USD	179.47
		Daqo New Energy	72.200	Wed	-4.32	72.150	0.07	24.918	47.232	189.55	USD	151.20
		Meyer Burger	0.376	Wed	-4.71	0.405	-7.16	0.196	0.209	106.63	CHF	57.17
		SunPower	21.250	Wed	-4.54	21.440	-0.89	12.150	9.290	76.46	USD	45.29
		Sino-American Sili	155.000	Wed	-1.90	172.000	-9.88	98.000	74.000	75.51	TWD	43.55
		United Renewable	12.400	Wed	-8.15	14.400	-13.89	10.450	3.950	37.80	TWD	33.08
		Enphase Energy	117.170	Wed	-3.50	118.120	-0.80	73.360	44.760	61.01	USD	27.21
		Grenergy Renovables	24.450	Wed	1.66	24.700	-1.01	15.500	9.200	59.35	EUR	22.48
		Canadian Solar	35.550	Wed	-6.72	37.380	-4.90	27.060	10.320	38.14	USD	16.28
		West Holdings	3,130.000	Wed	-0.48	3,295.000	-5.01	2,754.000	541.000	19.64	JPY	11.80
		Panda Green Energy	0.248	Wed		0.247	0.40	0.250	-0.003	-1.20	HKD	11.16
		SMA Solar	41.440	Wed	-2.72	43.680	-5.13	36.360	7.320	20.13	EUR	10.93
		Solarpack	18.500	Wed	-1.07	19.380	-4.54	16.500	2.880	17.45	EUR	8.34
		First Solar	69.730	Wed	-3.00	72.190	-3.41	76.520	-4.330	-5.66	USD	0.54
		Sunnova Energy	26.080	Wed	-9.00	27.690	-5.81	23.540	4.150	17.63	USD	0.34
	S	Sunrun	39.630	Wed	-7.71	40.800	-2.87	51.000	-10.200	-20.00	USD	-0.61
	S	Xinyi Solar	10.920	Wed	3.80	10.680	2.25	9.170	1.510	16.47	HKD	-0.95
	S	Solaria Energía	14.680	Wed	-1.87	15.240	-3.67	15.060	0.180	1.20	EUR	-1.26
	S	BCPG	13.900	Wed	-2.11	14.000	-0.71	12.800	1.200	9.38	THB	-2.30
	S	SolarEdge	208.240	Wed	-4.45	213.340	-2.39	210.840	2.500	1.19	USD	-3.07
	S	JinkoSolar	30.500	Wed	-2.80	30.260	0.79	22.220	8.040	36.18	USD	-3.73
	S	Scatec	199.300	Wed	-1.77	205.800	-3.16	168.500	37.300	22.14	NOK	-4.23
	S	Encavis	14.250	Wed	-1.66	14.920	-4.49	14.620	0.300	2.05	EUR	-6.06
		⇓instrument	freshest		⇓ Δday	5/10/21	⇓ Δwk	8/24/20	prc diff	⇓ Δ37	Curr	∅-RS
	S	Azure Power Global	19.630	Wed	-2.48	20.510	-4.29	21.960	-1.450	-6.60	USD	-17.13
	S	Neoen	32.260	Wed	-2.24	34.160	-5.56	44.200	-10.040	-22.71	EUR	-21.94
		Array Tech	13.460	Wed	-46.05	24.880	-45.90				USD	-na-
		Maxeon Solar	15.250	Wed	-7.29	15.560	-1.99				USD	-na-
		Shoals Technologies	25.800	Wed	-8.05	29.420	-12.30				USD	-na-
		Soltec Power	6.840	Wed	-10.18	7.720	-11.40				EUR	-na-
PPVX - 26 out of 30 instruments rated - 5/10/21 / 8/24/20 - 21 did rise, Market-Ratio(37) = 80.77 %

Technical Chart

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

1/02/17	scale up chart	5/10/21

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	5/12/21	744		Enphase Energy	100	10,537,826	USD	10.210	117.170		106.960	1,048	1,235m	231
accum	11/13/06	5/12/21	5295	days out of 5610 invested (94%)								12,347,071		1,235m	124

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
Enphase Energy	long	4/29/19	5/12/21	744	10.21	117.17		106.96	1,047.60	1,047.60
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
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

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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