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

Assessment - Photon Photovoltaik-Aktienindex - 16/05/22 - RS = 37

		⇓instrument	freshest		⇓ Δday	16/05/22	⇓ Δwk	30/08/21	prc diff	⇓ Δ37	Curr	∅-RS
		SOM Price Index	4,177.880	Fri	0.50	3,829.110	9.11	4,597.120	-768.010	-16.71	USD	-11.85
	L	Solaria Energía	21.860	Fri	-3.70	20.830	4.94	16.650	4.180	25.11	EUR	26.40
	L	Encavis	19.545	Fri	-0.64	18.830	3.80	15.400	3.430	22.27	EUR	18.51
	L	Grenergy Renovables	36.900	Fri	0.76	34.140	8.08	29.700	4.440	14.95	EUR	15.11
	L	SMA Solar	42.580	Fri	-2.96	43.180	-1.39	41.320	1.860	4.50	EUR	10.13
		JinkoSolar	57.160	Fri	1.26	50.250	13.75	49.080	1.170	2.38	USD	6.68
	L	Neoen	39.200	Fri	-0.66	37.460	4.64	35.580	1.880	5.28	EUR	6.30
		GCL Poly Energy	2.620	Fri	2.75	2.350	11.49	1.980	0.370	18.69	HKD	2.62
		West Holdings	4,710.000	Fri	1.73	4,760.000	-1.05	4,615.000	145.000	3.14	JPY	2.33
	L	Meyer Burger	0.420	Fri	-1.59	0.404	4.06	0.452	-0.048	-10.70	CHF	-4.21
		Xinte Energy	18.340	Fri	3.03	16.240	12.93	20.850	-4.610	-22.11	HKD	-6.29
		United Renewable	21.050	Fri	-0.71	20.300	3.69	21.150	-0.850	-4.02	TWD	-6.52
		Panda Green Energy	0.250	Fri	0.40	0.249	0.40	0.260	-0.011	-4.23	HKD	-8.08
	S	Flat Glass	32.600	Fri	3.16	29.200	11.64	43.000	-13.800	-32.09	HKD	-8.83
		Enphase Energy	168.250	Fri	1.64	151.030	11.40	177.780	-26.750	-15.05	USD	-10.89
		BCPG	12.200	Fri	1.67	11.600	5.17	14.800	-3.200	-21.62	THB	-11.22
	S	Enlight Renewable	626.100	Thu	-1.94	616.700	1.52	689.600	-72.900	-10.57	ILS	-14.32
	S	Sino-American Sili	163.500	Fri	0.62	158.500	3.15	193.500	-35.000	-18.09	TWD	-14.97
	S	Xinyi Solar	13.500	Fri	0.75	12.080	11.75	18.880	-6.800	-36.02	HKD	-15.31
	S	SolarEdge	256.810	Fri	1.84	222.790	15.27	295.700	-72.910	-24.66	USD	-19.53
	S	ReNew Energy Global	6.730	Fri	-1.03	6.750	-0.30	9.290	-2.540	-27.34	USD	-20.54
	L	Daqo New Energy	47.460	Fri	3.29	40.350	17.62	64.000	-23.650	-36.95	USD	-21.19
	S	First Solar	65.770	Fri	-1.05	62.770	4.78	95.690	-32.920	-34.40	USD	-26.88
		Canadian Solar	29.390	Fri	2.19	24.230	21.30	37.370	-13.140	-35.16	USD	-29.18
		SunPower	16.600	Fri	-0.48	15.200	9.21	21.530	-6.330	-29.40	USD	-30.67
		⇓instrument	freshest		⇓ Δday	16/05/22	⇓ Δwk	30/08/21	prc diff	⇓ Δ37	Curr	∅-RS
		Azure Power Global	13.550	Fri	2.19	12.180	11.25	19.520	-7.340	-37.60	USD	-36.06
	S	Scatec	94.440	Fri	0.64	90.120	4.79	180.350	-90.230	-50.03	NOK	-42.06
	S	Sunrun	23.070	Fri	-1.24	20.620	11.88	44.670	-24.050	-53.84	USD	-43.09
	S	Sunnova Energy	17.290	Fri	-0.58	15.340	12.71	36.560	-21.220	-58.04	USD	-43.90
	S	Shoals Technologies	15.110	Fri	1.07	12.120	24.67	31.960	-19.840	-62.08	USD	-44.83
	S	Array Tech	9.070	Fri	0.67	6.930	30.88	18.920	-11.990	-63.37	USD	-49.08
PPVX - 30 out of 30 instruments rated - 16/05/22 / 30/08/21 - 8 did rise, Market-Ratio(37) = 26.67 %

Technical Chart

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

1/01/18	scale up chart	16/05/22

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
2/01/06		13/11/06	315		- cash -
short	13/11/06	5/02/07	84		Panda Green Energy	100	64,935	HKD	0.154	0.130	0.182	0.028	18	11,844	109
long	5/02/07	23/06/08	504		SunPower	100	258	USD	45.790	82.650		36.860	80	21,354	53
short	23/06/08	6/07/09	378		JA Solar Energy	100	243	USD	87.600	18.900	406.019	318.419	363	98,730	340
long	6/07/09	18/07/11	742		GCL Poly Energy	100	37,539	HKD	2.630	4.050		1.420	54	152,035	24
short	18/07/11	14/01/13	546		REC Silicon	100	2,094	NOK	72.600	11.900	442.921	370.321	510	927,487	235
long	14/01/13	6/10/14	630		SFCE	100	1,599,116	HKD	0.580	7.760		7.180	1,238	12,409,140	349
short	6/10/14	20/04/15	196		SMA Solar	100	626,724	EUR	19.800	14.680	26.706	6.906	35	16,737,108	75
long	20/04/15	11/05/15	21		Encavis	100	2,595,705	EUR	6.448	6.809		0.361	6	17,674,158	158
short	11/05/15	29/06/15	49		REC Silicon	100	994,606	NOK	17.770	17.280	18.274	0.504	3	18,175,340	23
long	29/06/15	27/07/15	28		Encavis	100	2,853,271	EUR	6.370	7.409		1.039	16	21,139,888	617
short	27/07/15	3/07/17	707		SFCE	100	7,977,316	HKD	2.650	0.440	15.960	13.310	502	127m	153
long	3/07/17	16/07/18	378		Panda Green Energy	100	123,611,222	HKD	1.030	0.540		-0.490	-48	66,750,061	-46
short	16/07/18	29/04/19	287		Panda Green Energy	100	123,611,223	HKD	0.540	0.335	0.870	0.330	61	108m	84
long	29/04/19	20/09/21	875		Enphase Energy	100	10,537,826	USD	10.210	152.440		142.230	1,393	1,606m	209
short	20/09/21	22/11/21	63		Scatec	100	9,694,545	NOK	165.700	162.250	169.223	3.523	2	1,641m	13
long	22/11/21	20/12/21	28		GCL Poly Energy	100	475,519,988	HKD	3.450	2.330		-1.120	-32	1,108m	-99
short	20/12/21	20/05/22	151		Daqo New Energy	100	29,118,569	USD	38.050	47.460	28.640	-9.410	-25	834m	-50
accum	13/11/06	20/05/22	5668	days out of 5983 invested (95%)								8,339,458		834m	107

Instrument Related Contribution

instrument	L/S	date buy	date sell	days	prc buy	prc sell	ps short	prc diff	d %	total
SFCE	long	14/01/13	6/10/14	630	0.58	7.76		7.18	1,237.93
	short	27/07/15	3/07/17	707	2.65	0.44	15.96	13.31	502.27	7,957.98
Enphase Energy	long	29/04/19	20/09/21	875	10.21	152.44		142.23	1,393.05	1,393.05
REC Silicon	short	18/07/11	14/01/13	546	72.60	11.90	442.92	370.32	510.08
	short	11/05/15	29/06/15	49	17.77	17.28	18.27	0.50	2.84	527.38
JA Solar Energy	short	23/06/08	6/07/09	378	87.60	18.90	406.02	318.42	363.49	363.49
SunPower	long	5/02/07	23/06/08	504	45.79	82.65		36.86	80.50	80.50
SMA Solar	short	6/10/14	20/04/15	196	19.80	14.68	26.71	6.91	34.88	34.88
Encavis	long	20/04/15	11/05/15	21	6.45	6.81		0.36	5.60
	long	29/06/15	27/07/15	28	6.37	7.41		1.04	16.31	22.82
GCL Poly Energy	long	6/07/09	18/07/11	742	2.63	4.05		1.42	53.99
	long	22/11/21	20/12/21	28	3.45	2.33		-1.12	-32.46	4.00
Scatec	short	20/09/21	22/11/21	63	165.70	162.25	169.22	3.52	2.13	2.13
Panda Green Energy	short	13/11/06	5/02/07	84	0.15	0.13	0.18	0.03	18.44
	long	3/07/17	16/07/18	378	1.03	0.54		-0.49	-47.57
	short	16/07/18	29/04/19	287	0.54	0.34	0.87	0.33	61.19	0.09
Daqo New Energy	short	20/12/21	20/05/22	151	38.05	47.46	28.64	-9.41	-24.73	-24.73

Annotations

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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