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

Assessment - Photon Photovoltaik-Aktienindex - 4/22/24 - RS = 37

		⇓instrument	freshest		⇓ Δday	4/22/24	⇓ Δwk	8/07/23	prc diff	⇓ Δ37	Curr	∅-RS
	S	SOM Price Index	2,703.550	20:02	2.26	2,646.180	2.17	4,187.740	-1,541.560	-36.81	USD	-26.01
	L	Encavis	16.910	15:35		16.890	0.12	14.470	2.420	16.72	EUR	20.49
		Sino-American Sili	192.500	05:30	0.52	188.500	2.12	167.500	21.000	12.54	TWD	8.45
	L	Neoen	29.720	15:35	1.23	29.100	2.13	27.840	1.260	4.53	EUR	7.90
		Nextracker	43.760	20:00	1.81	44.000	-0.55	40.230	3.770	9.37	USD	5.00
	L	First Solar	178.730	20:00	2.12	176.280	1.39	195.600	-19.320	-9.88	USD	4.47
	L	Flat Glass	18.120	08:08	2.49	17.340	4.50	23.750	-6.410	-26.99	HKD	0.06
	S	Enlight Renewable	6,020.000	Thu	-1.31	6,238.000	-3.49	6,815.000	-577.000	-8.47	ILS	-0.88
		Grenergy Renovables	25.950	15:35	2.98	25.850	0.39	26.040	-0.190	-0.73	EUR	-1.01
		Scatec	74.050	14:26	4.59	67.300	10.03	78.450	-11.150	-14.21	NOK	-4.18
	S	ReNew Energy Global	5.510	20:00	-1.96	5.660	-2.65	6.010	-0.350	-5.82	USD	-5.15
	L	Xinyi Solar	5.300	08:08	1.34	5.260	0.76	8.000	-2.740	-34.25	HKD	-7.34
	S	West Holdings	2,770.000	06:15	-1.60	2,675.000	3.55	2,555.000	120.000	4.70	JPY	-8.82
	L	Enphase Energy	111.930	20:00	3.80	110.510	1.28	135.450	-24.940	-18.41	USD	-11.36
	L	GCL Poly Energy	1.150	08:08	5.50	1.070	7.48	1.560	-0.490	-31.41	HKD	-18.84
		United Renewable	12.000	05:30	-0.41	12.200	-1.64	17.200	-5.000	-29.07	TWD	-19.29
	L	Daqo New Energy	23.560	Thu	-0.80	22.290	5.70	37.400	-15.110	-40.40	USD	-21.86
		Voltalia	8.140	15:37	1.24	7.590	7.25	15.560	-7.970	-51.22	EUR	-24.67
	S	BCPG	6.550	09:36	-2.24	6.500	0.77	9.500	-3.000	-31.58	THB	-25.61
	S	SMA Solar	50.850	15:35	6.47	47.200	7.73	85.200	-38.000	-44.60	EUR	-27.60
	S	Sunrun	10.290	20:00	5.97	10.050	2.39	17.550	-7.500	-42.74	USD	-28.59
	S	Solaria Energía	9.565	15:35	0.68	9.695	-1.34	13.430	-3.735	-27.81	EUR	-28.65
		Xinte Energy	8.520	08:08	4.28	8.720	-2.29	15.160	-6.440	-42.48	HKD	-29.97
		Array Tech	12.400	20:00	3.85	11.690	6.07	17.750	-6.060	-34.14	USD	-32.69
	S	JinkoSolar	24.140	20:00	4.55	21.820	10.63	38.430	-16.610	-43.22	USD	-32.96
		⇓instrument	freshest		⇓ Δday	4/22/24	⇓ Δwk	8/07/23	prc diff	⇓ Δ37	Curr	∅-RS
	S	Altus Power	3.600	Thu	-2.17	3.620	-0.55	6.100	-2.480	-40.66	USD	-33.84
	S	Canadian Solar	14.500	Thu	-3.07	14.970	-3.14	34.230	-19.260	-56.27	USD	-41.27
	S	Shoals Technologies	8.520	20:00	3.15	8.430	1.07	22.090	-13.660	-61.84	USD	-49.44
		SolarEdge	58.200	20:00	2.81	54.510	6.77	180.740	-126.230	-69.84	USD	-49.72
		SunPower	1.990	20:00	5.85	2.140	-7.01	8.650	-6.510	-75.26	USD	-57.29
	S	Sunnova Energy	4.000	20:02	8.70	3.820	4.71	15.750	-11.930	-75.75	USD	-63.63
PPVX - 30 out of 30 instruments rated - 4/22/24 / 8/07/23 - 5 did rise, Market-Ratio(37) = 16.67 %

Technical Chart

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

1/06/20	scale up chart	4/22/24

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	2/20/23	35		First Solar	100	1,693,933	USD	180.190	164.280		-15.910	-9	278m	-62
short	2/20/23	4/26/24	431		Scatec	100	3,815,181	NOK	72.940	74.050	71.830	-1.110	-2	274m	-1
accum	11/13/06	4/26/24	6374	days out of 6689 invested (95%)								2,740,345		274m	80

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
	short	2/20/23	4/26/24	431	72.94	74.05	71.83	-1.11	-1.52	0.57
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	2/20/23	35	180.19	164.28		-15.91	-8.83	-8.83
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

4/22/24	PPVX	Voltalia replaces Meyer Burger
11/13/23	PPVX	Altus Power replaces Maxeon
2/10/23	PPVX	Nextracker replaces Beijing Energy
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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