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

Assessment - Photon Photovoltaik-Aktienindex - 2/06/23 - RS = 37

		⇓instrument	freshest		⇓ Δday	2/06/23	⇓ Δwk	5/23/22	prc diff	⇓ Δ37	Curr	∅-RS
	L	SOM Price Index	4,729.340	09:10	0.22	4,750.160	-0.44	4,222.890	527.270	12.49	USD	8.08
		First Solar	165.580	Wed	-0.19	167.470	-1.13	66.060	101.410	153.51	USD	75.10
	L	SMA Solar	83.400	Wed	6.45	77.850	7.13	43.880	33.970	77.42	EUR	68.42
		Array Tech	20.810	Wed	0.53	20.800	0.05	9.410	11.390	121.04	USD	56.43
	L	Meyer Burger	0.668	09:10	-0.89	0.668	-0.07	0.429	0.239	55.57	CHF	49.07
	L	Maxeon Solar	20.370	Wed	-2.44	21.540	-5.43	12.030	9.510	79.05	USD	45.40
	L	Shoals Technologies	25.770	Wed	-2.97	26.460	-2.61	15.170	11.290	74.42	USD	40.67
	L	Canadian Solar	39.690	Wed	-1.05	40.550	-2.12	29.140	11.410	39.16	USD	21.45
	L	SolarEdge	323.610	Wed	1.31	319.550	1.27	255.630	63.920	25.00	USD	15.73
	L	JinkoSolar	52.910	Wed	-1.56	54.200	-2.38	57.390	-3.190	-5.56	USD	3.86
	L	Grenergy Renovables	32.100	09:09	-2.25	33.060	-2.90	37.100	-4.040	-10.89	EUR	3.41
	L	Sino-American Sili	166.000	05:30	0.61	159.500	4.08	162.500	-3.000	-1.85	TWD	3.25
		Enphase Energy	218.870	Wed	-4.20	222.990	-1.85	169.550	53.440	31.52	USD	2.58
		Sunrun	24.840	Wed	-4.53	26.490	-6.23	23.310	3.180	13.64	USD	0.79
		Encavis	18.735	Wed	0.46	18.675	0.32	20.190	-1.515	-7.50	EUR	0.25
	L	Solaria Energía	18.650	Wed	0.97	18.620	0.16	22.420	-3.800	-16.95	EUR	-0.39
	S	Neoen	35.770	09:10	-1.32	36.650	-2.40	40.050	-3.400	-8.49	EUR	-1.30
		United Renewable	20.850	05:30		21.100	-1.18	21.300	-0.200	-0.94	TWD	-1.65
		Enlight Renewable	6,951.000	06:10	-0.34	7,000.000	-0.70	6,674.000	326.000	4.88	ILS	-3.54
	L	Beijing Energy	0.227	08:08	3.18	0.218	4.13	0.246	-0.028	-11.38	HKD	-4.11
	L	Flat Glass	24.250	08:08	3.19	23.250	4.30	32.350	-9.100	-28.13	HKD	-5.38
		Sunnova Energy	18.240	Wed	-3.39	19.070	-4.35	17.640	1.430	8.11	USD	-6.37
	L	BCPG	10.000	Wed		10.000		12.100	-2.100	-17.36	THB	-7.25
	S	SunPower	16.260	Wed	-4.97	17.270	-5.85	16.580	0.690	4.16	USD	-9.46
		Xinte Energy	16.400	08:08	1.61	16.080	1.99	18.380	-2.300	-12.51	HKD	-10.04
		⇓instrument	freshest		⇓ Δday	2/06/23	⇓ Δwk	5/23/22	prc diff	⇓ Δ37	Curr	∅-RS
	L	Xinyi Solar	9.950	08:08	2.47	9.620	3.43	13.500	-3.880	-28.74	HKD	-11.12
		Daqo New Energy	42.570	Wed	-2.18	43.090	-1.21	46.450	-3.360	-7.23	USD	-12.33
	L	GCL Poly Energy	2.220	08:08	1.37	2.220		2.640	-0.420	-15.91	HKD	-12.58
	S	West Holdings	3,690.000	06:15	0.27	3,755.000	-1.73	4,840.000	-1,085.000	-22.42	JPY	-14.63
	L	Scatec	80.660	09:10	-1.20	81.120	-0.57	96.040	-14.920	-15.54	NOK	-15.49
		ReNew Energy Global	5.750	Wed	0.88	5.590	2.86	6.900	-1.310	-18.99	USD	-15.62
PPVX - 30 out of 30 instruments rated - 2/06/23 / 5/23/22 - 13 did rise, Market-Ratio(37) = 43.33 %

Technical Chart

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

1/07/19	scale up chart	2/06/23

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
1/02/06		11/13/06	315		- cash -
short	11/13/06	2/05/07	84		Beijing 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		Beijing 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		Beijing Energy	100	123,611,223	HKD	0.540	0.335	0.870	0.330	61	108m	84
long	4/29/19	9/20/21	875		Enphase Energy	100	10,537,826	USD	10.210	152.440		142.230	1,393	1,606m	209
short	9/20/21	11/22/21	63		Scatec	100	9,694,545	NOK	165.700	162.250	169.223	3.523	2	1,641m	13
long	11/22/21	12/20/21	28		GCL Poly Energy	100	475,519,988	HKD	3.450	2.330		-1.120	-32	1,108m	-99
short	12/20/21	8/22/22	245		Daqo New Energy	100	29,118,569	USD	38.050	62.290	13.810	-24.240	-64	402m	-78
long	8/22/22	12/19/22	119		Array Tech	100	19,615,973	USD	20.500	20.450		-0.050	0	401m	-1
short	12/19/22	1/16/23	28		Flat Glass	100	21,848,946	HKD	18.360	22.750	13.970	-4.390	-24	305m	-97
long	1/16/23	2/08/23	23		First Solar	100	1,693,933	USD	180.190	165.580		-14.610	-8	280m	-74
accum	11/13/06	2/08/23	5932	days out of 6247 invested (95%)								2,804,714		280m	88

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	9/20/21	875	10.21	152.44		142.23	1,393.05	1,393.05
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
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
GCL Poly Energy	long	7/06/09	7/18/11	742	2.63	4.05		1.42	53.99
	long	11/22/21	12/20/21	28	3.45	2.33		-1.12	-32.46	4.00
Scatec	short	9/20/21	11/22/21	63	165.70	162.25	169.22	3.52	2.13	2.13
Beijing 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
Array Tech	long	8/22/22	12/19/22	119	20.50	20.45		-0.05	-0.24	-0.24
First Solar	long	1/16/23	2/08/23	23	180.19	165.58		-14.61	-8.11	-8.11
Flat Glass	short	12/19/22	1/16/23	28	18.36	22.75	13.97	-4.39	-23.91	-23.91
Daqo New Energy	short	12/20/21	8/22/22	245	38.05	62.29	13.81	-24.24	-63.71	-63.71

Annotations

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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