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

Assessment - Photon Photovoltaik-Aktienindex - 8/02/21 - RS = 37

		instrument	freshest		⇓ Δday	8/02/21	⇓ Δwk	11/16/20	prc diff	⇓ Δ37	Curr	⇓∅-RS
		SOM Price Index	4,609.820	Tue	1.82	4,523.540	1.91	3,974.670	548.870	13.81	USD	9.21
		Array Tech	13.460	Tue	3.86	12.960	3.86	39.320	-26.360	-67.04	USD	-na-
		Azure Power Global	25.060	Tue	1.29	24.740	1.29	28.980	-4.240	-14.63	USD	-10.19
	L	BCPG	15.100	Tue		15.100		12.900	2.200	17.05	THB	8.75
		Canadian Solar	41.600	Tue	4.34	39.870	4.34	38.730	1.140	2.94	USD	1.12
		Daqo New Energy	60.840	Tue	-0.31	61.030	-0.31	43.684	17.346	39.71	USD	28.64
		Encavis	15.330	Tue	-0.45	15.400	-0.45	16.700	-1.300	-7.78	EUR	-8.19
		Enlight Renewable	710.800	Tue	-0.59	715.000	-0.59	697.000	18.000	2.58	ILS	10.78
		Enphase Energy	192.620	Tue	5.19	183.110	5.19	119.930	63.180	52.68	USD	47.79
		First Solar	92.340	Tue	4.61	88.270	4.61	80.210	8.060	10.05	USD	7.95
		Flat Glass	37.000	Tue	-7.50	40.000	-7.50	19.820	20.180	101.82	HKD	83.15
		GCL Poly Energy	1.980	Tue	-2.46	1.980		0.430	1.550	360.47	HKD	166.31
		Grenergy Renovables	28.600	Tue	-1.72	29.100	-1.72	21.500	7.600	35.35	EUR	18.42
	L	JinkoSolar	57.090	Tue	4.27	54.750	4.27	62.470	-7.720	-12.36	USD	32.64
		Meyer Burger	0.473	Tue	1.11	0.468	1.11	0.322	0.146	45.31	CHF	45.74
	S	Neoen	33.180	Tue	-2.24	33.940	-2.24	45.250	-11.310	-24.99	EUR	-22.10
		Panda Green Energy	0.260	Tue	-3.70	0.270	-3.70	0.230	0.040	17.39	HKD	4.58
	S	Scatec	190.600	Tue	-0.34	191.250	-0.34	234.400	-43.150	-18.41	NOK	-18.15
		Shoals Technologies	30.510	Tue	6.45	28.660	6.45				USD	-na-
		Sino-American Sili	199.500	Tue	3.64	192.500	3.64	113.500	79.000	69.60	TWD	38.28
	S	SMA Solar	45.360	Tue	1.20	44.820	1.20	46.680	-1.860	-3.98	EUR	-0.59
		SolarEdge	299.810	Tue	16.33	257.720	16.33	228.280	29.440	12.90	USD	0.46
		Solaria Energía	16.120	Tue	-1.89	16.430	-1.89	16.950	-0.520	-3.07	EUR	-6.05
		Soltec Power	6.790	Tue	1.72	6.675	1.72	5.800	0.875	15.09	EUR	-na-
		Sunnova Energy	37.750	Tue	4.28	36.200	4.28	34.100	2.100	6.16	USD	9.17
		instrument	freshest		⇓ Δday	8/02/21	⇓ Δwk	11/16/20	prc diff	⇓ Δ37	Curr	⇓∅-RS
		SunPower	25.310	Tue	4.67	24.180	4.67	19.730	4.450	22.55	USD	16.65
	S	Sunrun	53.590	Tue	4.67	51.200	4.67	55.530	-4.330	-7.80	USD	-8.27
		United Renewable	12.100	Tue		12.100		13.950	-1.850	-13.26	TWD	-8.22
	L	West Holdings	5,050.000	Tue	3.48	4,880.000	3.48	3,980.000	900.000	22.61	JPY	40.75
		Xinte Energy	18.540	Tue	-3.64	19.240	-3.64	6.730	12.510	185.88	HKD	106.83
		Xinyi Solar	17.640	Tue	8.35	16.280	8.35	13.160	3.120	23.71	HKD	21.36
PPVX - 29 out of 30 instruments rated - 8/02/21 / 11/16/20 - 19 did rise, Market-Ratio(37) = 65.52 %

Technical Chart

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

1/02/17	scale up chart	8/02/21

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	8/03/21	827		Enphase Energy	100	10,537,826	USD	10.210	192.620		182.410	1,787	2,030m	266
accum	11/13/06	8/03/21	5378	days out of 5693 invested (94%)								20,297,860		2,030m	129

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	8/03/21	827	10.21	192.62		182.41	1,786.58	1,786.58
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

7/23/21	PPVX	Xinte Energy replaces Maxeon
6/25/21	PPVX	Enlight Renewable Energy and Flat Glass Group replace Solarpack and Renesola
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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