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

Assessment - Photon Photovoltaik-Aktienindex - 2/22/21 - RS = 9

		⇓instrument	freshest		⇓ Δday	2/22/21	⇓ Δwk	12/21/20	prc diff	⇓ Δ9	Curr	∅-RS
		SOM Price Index	5,087.280	09:20	-0.29	5,349.120	-4.90	5,126.650	222.470	4.34	USD	97.90
		ReneSola	15.230	Thu	-5.52	15.870	-4.03	9.500	6.370	67.05	USD	765.96
	L	GCL Poly Energy	2.850	08:09	3.26	2.810	1.42	1.490	1.320	88.59	HKD	727.77
	L	Daqo New Energy	97.900	Thu	-7.12	95.250	2.78	61.220	34.030	55.59	USD	396.93
		SunPower	34.590	Thu	-8.37	33.530	3.16	27.510	6.020	21.88	USD	214.20
		Enphase Energy	167.370	Thu	-7.46	167.860	-0.29	170.780	-2.920	-1.71	USD	152.93
		Sunrun	57.980	Thu	-7.32	63.390	-8.53	66.180	-2.790	-4.22	USD	138.53
		Xinyi Solar	16.300	08:09	-5.67	18.920	-13.85	18.300	0.620	3.39	HKD	129.45
	L	Meyer Burger	0.454	Thu	-0.96	0.498	-8.92	0.313	0.185	59.31	CHF	125.51
	L	Grenergy Renovables	35.600	Thu	-1.66	34.800	2.30	32.500	2.300	7.08	EUR	107.73
		JinkoSolar	49.940	Thu	-7.47	52.300	-4.51	71.310	-19.010	-26.66	USD	107.30
		Sunnova Energy	41.840	Thu	-9.16	41.600	0.58	46.080	-4.480	-9.72	USD	101.12
		Canadian Solar	45.620	Thu	-6.44	48.040	-5.04	47.980	0.060	0.13	USD	87.03
		SolarEdge	284.330	Thu	-7.73	288.700	-1.51	318.620	-29.920	-9.39	USD	72.52
		West Holdings	2,986.000	06:15	3.86	3,905.000	-23.53	4,290.000	-385.000	-8.97	JPY	67.31
	L	Sino-American Sili	167.000	05:30	-2.34	175.000	-4.57	161.500	13.500	8.36	TWD	66.44
		United Renewable	14.150	05:30	0.71	13.950	1.43	13.750	0.200	1.45	TWD	64.58
		SMA Solar	53.400	09:20	0.47	54.100	-1.29	53.250	0.850	1.60	EUR	57.77
		Solaria Energía	19.000	Thu	4.91	19.440	-2.26	21.640	-2.200	-10.17	EUR	54.90
	L	Panda Green Energy	0.270	08:09	-1.82	0.295	-8.47	0.275	0.020	7.27	HKD	44.62
		First Solar	81.400	Thu	-7.53	86.610	-6.02	96.410	-9.800	-10.16	USD	44.45
		Azure Power Global	30.380	Thu	-3.31	30.960	-1.87	35.570	-4.610	-12.96	USD	44.10
		Scatec	250.200	09:06	-2.27	257.600	-2.87	307.200	-49.600	-16.15	NOK	37.08
		Encavis	17.760	09:10	-2.31	18.780	-5.43	19.220	-0.440	-2.29	EUR	35.21
		Solarpack	19.550	Thu	-1.01	19.900	-1.76	27.900	-8.000	-28.67	EUR	25.92
		⇓instrument	freshest		⇓ Δday	2/22/21	⇓ Δwk	12/21/20	prc diff	⇓ Δ9	Curr	∅-RS
		Neoen	47.750	09:18	-2.55	49.400	-3.34	55.300	-5.900	-10.67	EUR	21.33
	L	BCPG	14.800	Thu	0.68	14.700	0.68	13.200	1.500	11.36	THB	4.03
		Array Tech	38.080	Thu	-3.45	38.500	-1.09	43.080	-4.580	-10.63	USD	-na-
		Maxeon Solar	29.640	Thu	-17.04	36.290	-18.32	31.600	4.690	14.84	USD	-na-
		Shoals Technologies	34.020	Thu	-9.71	39.710	-14.33				USD	-na-
		Soltec Power	8.900	Thu	-13.09	10.860	-18.05	8.700	2.160	24.83	EUR	-na-
PPVX - 29 out of 30 instruments rated - 2/22/21 / 12/21/20 - 15 did rise, Market-Ratio(9) = 51.72 %

Technical Chart

	PPVX RS = 9 - B/S = 45/45

1/02/17	scale up chart	2/22/21

Transactions Photon Photovoltaik-Aktienindex * L9 - 45 ex 1 (1)

													⇐
L/S	date buy	date sell	days		instrument	spl	pieces	Curr	prc buy	prc sell	prc diff	d %	asset	yield
1/02/06		1/23/06	21		- cash -
long	1/23/06	4/03/06	70		Encavis	100	6,234	EUR	1.604	1.653	0.049	3	10,305	17
4/03/06		4/10/06	7		- cash -
	4/10/06	5/01/06	21		Encavis	100	5,464	EUR	1.886	1.886	0.000	0	10,305	0
5/01/06		5/08/06	7		- cash -
	5/08/06	6/12/06	35		Encavis	100	5,464	EUR	1.886	1.886	0.000	0	10,305	0
6/12/06		8/14/06	63		- cash -
	8/14/06	8/21/06	7		Encavis	100	7,462	EUR	1.381	1.381	0.000	0	10,305	0
8/21/06		9/11/06	21		- cash -
	9/11/06	9/18/06	7		Encavis	100	7,462	EUR	1.381	1.381	0.000	0	10,305	0
	9/18/06	9/25/06	7		Panda Green Energy	100	64,409	HKD	0.160	0.160	0.000	0	10,305	0
	9/25/06	10/02/06	7		Encavis	100	5,170	EUR	1.993	1.925	-0.068	-3	9,954	-84
10/02/06		10/09/06	7		- cash -
	10/09/06	11/27/06	49		Encavis	100	5,222	EUR	1.906	1.915	0.009	0	10,001	4
11/27/06		12/04/06	7		- cash -
	12/04/06	12/11/06	7		Encavis	100	5,222	EUR	1.915	1.915	0.000	0	10,001	0
	12/11/06	12/18/06	7		SunPower	100	257	USD	38.880	37.080	-1.800	-5	9,538	-92
	12/18/06	1/08/07	21		Encavis	100	4,980	EUR	1.915	1.867	-0.048	-3	9,299	-36
	1/08/07	2/19/07	42		SunPower	100	246	USD	37.770	45.000	7.230	19	11,078	358
	2/19/07	3/05/07	14		Encavis	100	4,521	EUR	2.450	2.450	0.000	0	11,078	0
	3/05/07	4/16/07	42		Panda Green Energy	100	50,815	HKD	0.218	0.245	0.027	12	12,450	176
	4/16/07	4/23/07	7		SunPower	100	227	USD	54.680	56.800	2.120	4	12,931	627
	4/23/07	4/30/07	7		Panda Green Energy	100	45,372	HKD	0.285	0.270	-0.015	-5	12,251	-94
	4/30/07	5/14/07	14		SunPower	100	201	USD	60.680	56.630	-4.050	-7	11,436	-83
	5/14/07	9/17/07	126		Panda Green Energy	100	40,844	HKD	0.280	2.650	2.370	846	108,237	67,129
9/17/07		9/24/07	7		- cash -
	9/24/07	1/14/08	112		Panda Green Energy	100	50,815	HKD	2.130	1.450	-0.680	-32	73,683	-71
1/14/08		3/31/08	77		- cash -
	3/31/08	5/12/08	42		First Solar	100	265	USD	278.000	311.140	33.140	12	82,465	166
	5/12/08	6/30/08	49		Canadian Solar	100	2,418	USD	34.100	40.190	6.090	18	97,190	240
6/30/08		12/29/08	182		- cash -
	12/29/08	2/23/09	56		Encavis	100	50,227	EUR	1.935	1.896	-0.039	-2	95,231	-12
2/23/09		3/23/09	28		- cash -
	3/23/09	3/30/09	7		Encavis	100	51,560	EUR	1.847	1.906	0.059	3	98,273	415
	3/30/09	4/06/09	7		West Holdings	100	167,511	JPY	0.587	0.597	0.010	2	99,949	141
	4/06/09	8/03/09	119		GCL Poly Energy	100	98,958	HKD	1.010	3.400	2.390	237	336,458	4,039
L/S	date buy	date sell	days		instrument	spl	pieces	Curr	prc buy	prc sell	prc diff	d %	asset	yield
	8/03/09	8/17/09	14		West Holdings	100	137,892	JPY	2.440	2.600	0.160	7	358,521	424
8/17/09		8/24/09	7		- cash -
	8/24/09	8/31/09	7		West Holdings	100	100,052	JPY	3.583	3.407	-0.177	-5	340,846	-93
8/31/09		9/07/09	7		- cash -
	9/07/09	11/02/09	56		West Holdings	100	98,320	JPY	3.467	5.333	1.867	54	524,376	1,557
11/02/09		11/09/09	7		- cash -
	11/09/09	11/16/09	7		West Holdings	100	92,536	JPY	5.667	4.650	-1.017	-18	430,297	-100
11/16/09		11/23/09	7		- cash -
	11/23/09	1/25/10	63		West Holdings	100	102,451	JPY	4.200	3.947	-0.253	-6	404,343	-30
1/25/10		2/01/10	7		- cash -
	2/01/10	2/08/10	7		West Holdings	100	100,582	JPY	4.020	3.913	-0.107	-3	393,614	-75
2/08/10		3/29/10	49		- cash -
	3/29/10	5/03/10	35		West Holdings	100	87,795	JPY	4.483	3.353	-1.130	-25	294,406	-95
5/03/10		7/12/10	70		- cash -
	7/12/10	8/16/10	35		ReneSola	100	7,871	USD	37.400	36.950	-0.450	-1	290,864	-12
	8/16/10	8/30/10	14		United Renewable	100	3,681	TWD	79.006	79.800	0.794	1	293,785	30
	8/30/10	10/25/10	56		ReneSola	100	6,848	USD	42.900	61.250	18.350	43	419,446	919
	10/25/10	11/22/10	28		Panda Green Energy	100	313,019	HKD	1.340	1.760	0.420	31	550,914	3,396
11/22/10		1/17/11	56		- cash -
	1/17/11	2/21/11	35		Panda Green Energy	100	348,679	HKD	1.580	1.500	-0.080	-5	523,020	-42
	2/21/11	4/18/11	56		GCL Poly Energy	100	134,452	HKD	3.890	4.860	0.970	25	653,438	327
4/18/11		5/02/11	14		- cash -
	5/02/11	5/23/11	21		GCL Poly Energy	100	119,896	HKD	5.450	4.010	-1.440	-26	480,788	-100
5/23/11		12/05/11	196		- cash -
	12/05/11	12/12/11	7		Encavis	100	154,893	EUR	3.104	3.149	0.045	1	487,758	112
12/12/11		1/16/12	35		- cash -
	1/16/12	3/12/12	56		Encavis	100	155,535	EUR	3.136	3.140	0.004	0	488,380	1
	3/12/12	3/19/12	7		West Holdings	100	99,365	JPY	4.915	4.465	-0.450	-9	443,666	-99
	3/19/12	3/26/12	7		Encavis	100	140,046	EUR	3.168	3.060	-0.108	-3	428,541	-84
	3/26/12	4/02/12	7		West Holdings	100	87,636	JPY	4.890	5.060	0.170	3	443,439	494
4/02/12		9/17/12	168		- cash -
	9/17/12	9/24/12	7		West Holdings	100	64,359	JPY	6.890	6.000	-0.890	-13	386,160	-100
	9/24/12	10/15/12	21		Panda Green Energy	100	299,348	HKD	1.290	1.220	-0.070	-5	365,205	-62
	10/15/12	10/22/12	7		West Holdings	100	56,533	JPY	6.460	5.745	-0.715	-11	324,784	-100
10/22/12		11/05/12	14		- cash -
	11/05/12	11/12/12	7		Panda Green Energy	100	247,927	HKD	1.310	1.280	-0.030	-2	317,347	-70
11/12/12		12/17/12	35		- cash -
	12/17/12	12/24/12	7		JinkoSolar	100	51,184	USD	6.200	5.550	-0.650	-10	284,077	-100
	12/24/12	1/07/13	14		First Solar	100	9,462	USD	30.020	31.020	1.000	3	293,539	135
L/S	date buy	date sell	days		instrument	spl	pieces	Curr	prc buy	prc sell	prc diff	d %	asset	yield
	1/07/13	1/21/13	14		JinkoSolar	100	44,141	USD	6.650	7.730	1.080	16	341,211	4,958
	1/21/13	2/18/13	28		Daqo New Energy	100	133,285	USD	2.560	2.712	0.152	6	361,471	112
	2/18/13	3/18/13	28		SunPower	100	26,995	USD	13.390	11.710	-1.680	-13	316,119	-83
3/18/13		5/20/13	63		- cash -
	5/20/13	7/01/13	42		SunPower	100	13,925	USD	22.700	21.400	-1.300	-6	298,016	-40
	7/01/13	7/08/13	7		Canadian Solar	100	25,255	USD	11.800	12.310	0.510	4	310,897	808
	7/08/13	8/05/13	28		SunPower	100	13,057	USD	23.810	24.590	0.780	3	321,081	52
	8/05/13	9/30/13	56		Canadian Solar	100	20,386	USD	15.750	16.990	1.240	8	346,360	64
	9/30/13	10/07/13	7		Daqo New Energy	100	65,449	USD	5.292	4.754	-0.538	-10	311,148	-100
	10/07/13	10/21/13	14		Canadian Solar	100	16,264	USD	19.130	23.120	3.990	21	376,041	13,863
	10/21/13	10/28/13	7		Daqo New Energy	100	49,531	USD	7.592	6.014	-1.578	-21	297,882	-100
	10/28/13	11/18/13	21		Canadian Solar	100	13,042	USD	22.840	31.000	8.160	36	404,304	20,123
	11/18/13	11/25/13	7		Daqo New Energy	100	44,176	USD	9.152	7.792	-1.360	-15	344,225	-100
	11/25/13	12/09/13	14		Canadian Solar	100	11,931	USD	28.850	26.940	-1.910	-7	321,437	-83
12/09/13		1/06/14	28		- cash -
	1/06/14	1/27/14	21		Canadian Solar	100	8,996	USD	35.730	37.380	1.650	5	336,280	119
1/27/14		2/03/14	7		- cash -
	2/03/14	3/10/14	35		Canadian Solar	100	9,343	USD	35.990	36.040	0.050	0	336,747	1
	3/10/14	3/24/14	14		Daqo New Energy	100	32,624	USD	10.322	7.220	-3.102	-30	235,548	-100
3/24/14		3/31/14	7		- cash -
	3/31/14	4/14/14	14		Daqo New Energy	100	27,497	USD	8.566	7.948	-0.618	-7	218,554	-86
4/14/14		6/16/14	63		- cash -
	6/16/14	6/23/14	7		SunPower	100	5,667	USD	38.560	39.990	1.430	4	226,658	568
	6/23/14	7/14/14	21		Daqo New Energy	100	35,818	USD	6.328	5.752	-0.576	-9	206,027	-81
	7/14/14	7/21/14	7		SunPower	100	5,315	USD	38.760	38.840	0.080	0	206,452	11
	7/21/14	8/04/14	14		Enphase Energy	100	18,173	USD	11.360	9.720	-1.640	-14	176,649	-98
8/04/14		8/11/14	7		- cash -
	8/11/14	8/18/14	7		Enphase Energy	100	15,072	USD	11.720	13.190	1.470	13	198,804	47,305
8/18/14		9/08/14	21		- cash -
	9/08/14	10/13/14	35		Enphase Energy	100	12,985	USD	15.310	10.140	-5.170	-34	131,672	-99
10/13/14		2/09/15	119		- cash -
	2/09/15	3/16/15	35		Enphase Energy	100	9,099	USD	14.470	13.090	-1.380	-10	119,115	-65
	3/16/15	5/11/15	56		Encavis	100	19,845	EUR	6.002	6.809	0.807	13	135,130	128
L/S	date buy	date sell	days		instrument	spl	pieces	Curr	prc buy	prc sell	prc diff	d %	asset	yield
	5/11/15	5/25/15	14		Panda Green Energy	100	93,193	HKD	1.450	1.460	0.010	1	136,062	20
5/25/15		6/01/15	7		- cash -
	6/01/15	6/08/15	7		Xinyi Solar	100	34,887	HKD	3.900	3.710	-0.190	-5	129,434	-93
6/08/15		6/15/15	7		- cash -
	6/15/15	6/22/15	7		Encavis	100	19,769	EUR	6.547	6.646	0.099	2	131,391	119
6/22/15		7/20/15	28		- cash -
	7/20/15	7/27/15	7		SMA Solar	100	4,370	EUR	30.060	29.875	-0.185	-1	130,582	-28
7/27/15		10/19/15	84		- cash -
	10/19/15	12/14/15	56		SMA Solar	100	3,304	EUR	39.515	43.775	4.260	11	144,657	95
12/14/15		12/21/15	7		- cash -
	12/21/15	1/11/16	21		SMA Solar	100	2,693	EUR	53.700	49.315	-4.385	-8	132,849	-77
1/11/16		1/25/16	14		- cash -
	1/25/16	2/01/16	7		SMA Solar	100	2,772	EUR	47.920	47.000	-0.920	-2	130,298	-64
2/01/16		3/14/16	42		- cash -
	3/14/16	3/28/16	14		SMA Solar	100	2,995	EUR	43.500	41.180	-2.320	-5	123,350	-76
3/28/16		4/11/16	14		- cash -
	4/11/16	5/09/16	28		SMA Solar	100	2,731	EUR	45.160	46.500	1.340	3	127,009	46
5/09/16		10/17/16	161		- cash -
	10/17/16	10/24/16	7		Solaria Energía	100	157,775	EUR	0.805	0.805	0.000	0	127,009	0
10/24/16		1/23/17	91		- cash -
	1/23/17	4/10/17	77		Solaria Energía	100	129,601	EUR	0.980	0.975	-0.005	-1	126,361	-2
	4/10/17	4/17/17	7		Panda Green Energy	100	133,012	HKD	0.950	1.130	0.180	19	150,304	849,504
4/17/17		5/15/17	28		- cash -
	5/15/17	5/22/17	7		Panda Green Energy	100	118,349	HKD	1.270	1.280	0.010	1	151,487	51
5/22/17		5/29/17	7		- cash -
	5/29/17	6/05/17	7		Panda Green Energy	100	125,195	HKD	1.210	1.150	-0.060	-5	143,975	-93
	6/05/17	6/12/17	7		Solaria Energía	100	92,588	EUR	1.555	1.390	-0.165	-11	128,698	-100
6/12/17		6/19/17	7		- cash -
	6/19/17	7/24/17	35		Solaria Energía	100	101,337	EUR	1.270	1.490	0.220	17	150,992	429
	7/24/17	8/07/17	14		JinkoSolar	100	5,392	USD	28.000	29.020	1.020	4	156,492	154
	8/07/17	9/11/17	35		SolarEdge	100	5,520	USD	28.350	24.850	-3.500	-12	137,172	-75
	9/11/17	9/18/17	7		JinkoSolar	100	4,779	USD	28.700	27.640	-1.060	-4	132,107	-86
	9/18/17	10/09/17	21		SolarEdge	100	4,929	USD	26.800	28.750	1.950	7	141,718	239
10/09/17		10/16/17	7		- cash -
	10/16/17	10/30/17	14		Sino-American Sili	100	1,734	TWD	81.700	83.500	1.800	2	144,839	77
	10/30/17	11/20/17	21		SolarEdge	100	4,449	USD	32.550	38.900	6.350	20	173,090	2,114
	11/20/17	12/25/17	35		Enphase Energy	100	67,613	USD	2.560	2.420	-0.140	-5	163,625	-44
	12/25/17	2/05/18	42		Daqo New Energy	100	15,150	USD	10.800	9.676	-1.124	-10	146,596	-62
	2/05/18	2/12/18	7		Enphase Energy	100	63,737	USD	2.300	2.660	0.360	16	169,541	196,245
L/S	date buy	date sell	days		instrument	spl	pieces	Curr	prc buy	prc sell	prc diff	d %	asset	yield
2/12/18		2/19/18	7		- cash -
	2/19/18	2/26/18	7		Enphase Energy	100	66,486	USD	2.550	2.680	0.130	5	178,185	1,237
	2/26/18	3/05/18	7		SolarEdge	100	3,500	USD	50.900	50.600	-0.300	-1	177,135	-27
3/05/18		4/09/18	35		- cash -
	4/09/18	6/11/18	63		Enphase Energy	100	42,683	USD	4.150	4.620	0.470	11	197,196	86
6/11/18		12/03/18	175		- cash -
	12/03/18	12/10/18	7		West Holdings	100	14,661	JPY	13.450	11.840	-1.610	-12	173,591	-100
12/10/18		12/17/18	7		- cash -
	12/17/18	12/24/18	7		Grenergy Renovables	100	32,146	EUR	5.400	4.660	-0.740	-14	149,803	-100
12/24/18		12/31/18	7		- cash -
	12/31/18	5/06/19	126		Grenergy Renovables	100	25,607	EUR	5.850	7.800	1.950	33	199,737	130
	5/06/19	8/26/19	112		Enphase Energy	100	14,526	USD	13.750	34.620	20.870	152	502,895	1,927
8/26/19		9/02/19	7		- cash -
	9/02/19	11/11/19	70		Enphase Energy	100	16,949	USD	29.670	18.740	-10.930	-37	317,642	-91
	11/11/19	11/18/19	7		Grenergy Renovables	100	25,011	EUR	12.700	11.950	-0.750	-6	298,884	-96
	11/18/19	11/25/19	7		Enphase Energy	100	16,060	USD	18.610	21.150	2.540	14	339,676	78,834
11/25/19		12/02/19	7		- cash -
	12/02/19	12/16/19	14		Grenergy Renovables	100	21,296	EUR	15.950	13.850	-2.100	-13	294,955	-97
	12/16/19	3/16/20	91		Enphase Energy	100	11,450	USD	25.760	27.450	1.690	7	314,305	29
3/16/20		5/11/20	56		- cash -
	5/11/20	6/22/20	42		Enphase Energy	100	5,275	USD	59.580	45.560	-14.020	-24	240,350	-90
	6/22/20	6/29/20	7		SolarEdge	100	1,571	USD	152.980	137.060	-15.920	-10	215,339	-100
	6/29/20	7/06/20	7		Enphase Energy	100	4,538	USD	47.450	50.160	2.710	6	227,637	1,710
	7/06/20	7/13/20	7		Daqo New Energy	100	11,713	USD	19.434	17.534	-1.900	-10	205,383	-100
	7/13/20	10/19/20	98		Sunrun	100	6,825	USD	30.090	62.380	32.290	107	425,762	1,411
	10/19/20	11/09/20	21		JinkoSolar	100	5,629	USD	75.630	62.490	-13.140	-17	351,797	-96
	11/09/20	11/16/20	7		Daqo New Energy	100	8,396	USD	41.898	43.684	1.786	4	366,792	782
	11/16/20	2/25/21	101		ReneSola	100	74,855	USD	4.900	15.230	10.330	211	1,140,044	5,923
accum	1/23/06	2/25/21	3315	days out of 5534 invested (60%)							11,300		1,140,044	68

Instrument Related Contribution

instrument	L/S	date buy	date sell	days	prc buy	prc sell	prc diff	d %	total
Panda Green Energy	long	9/18/06	9/25/06	7	0.16	0.16	0.00	0.00
		3/05/07	4/16/07	42	0.22	0.25	0.03	12.39
		4/23/07	4/30/07	7	0.29	0.27	-0.02	-5.26
		5/14/07	9/17/07	126	0.28	2.65	2.37	846.43
		9/24/07	1/14/08	112	2.13	1.45	-0.68	-31.92
		10/25/10	11/22/10	28	1.34	1.76	0.42	31.34
		1/17/11	2/21/11	35	1.58	1.50	-0.08	-5.06
		9/24/12	10/15/12	21	1.29	1.22	-0.07	-5.43
		11/05/12	11/12/12	7	1.31	1.28	-0.03	-2.29
		5/11/15	5/25/15	14	1.45	1.46	0.01	0.69
		4/10/17	4/17/17	7	0.95	1.13	0.18	18.95
		5/15/17	5/22/17	7	1.27	1.28	0.01	0.79
		5/29/17	6/05/17	7	1.21	1.15	-0.06	-4.96	806.81
ReneSola		7/12/10	8/16/10	35	37.40	36.95	-0.45	-1.20
		8/30/10	10/25/10	56	42.90	61.25	18.35	42.77
		11/16/20	2/25/21	101	4.90	15.23	10.33	210.82	338.43
GCL Poly Energy		4/06/09	8/03/09	119	1.01	3.40	2.39	236.63
		2/21/11	4/18/11	56	3.89	4.86	0.97	24.94
		5/02/11	5/23/11	21	5.45	4.01	-1.44	-26.42	209.45
Canadian Solar		5/12/08	6/30/08	49	34.10	40.19	6.09	17.86
		7/01/13	7/08/13	7	11.80	12.31	0.51	4.32
		8/05/13	9/30/13	56	15.75	16.99	1.24	7.87
		10/07/13	10/21/13	14	19.13	23.12	3.99	20.86
		10/28/13	11/18/13	21	22.84	31.00	8.16	35.73
		11/25/13	12/09/13	14	28.85	26.94	-1.91	-6.62
		1/06/14	1/27/14	21	35.73	37.38	1.65	4.62
		2/03/14	3/10/14	35	35.99	36.04	0.05	0.14	112.84
instrument	L/S	date buy	date sell	days	prc buy	prc sell	prc diff	d %	total
Sunrun		7/13/20	10/19/20	98	30.09	62.38	32.29	107.31	107.31
First Solar		3/31/08	5/12/08	42	278.00	311.14	33.14	11.92
		12/24/12	1/07/13	14	30.02	31.02	1.00	3.33	15.65
Enphase Energy		7/21/14	8/04/14	14	11.36	9.72	-1.64	-14.44
		8/11/14	8/18/14	7	11.72	13.19	1.47	12.54
		9/08/14	10/13/14	35	15.31	10.14	-5.17	-33.77
		2/09/15	3/16/15	35	14.47	13.09	-1.38	-9.54
		11/20/17	12/25/17	35	2.56	2.42	-0.14	-5.47
		2/05/18	2/12/18	7	2.30	2.66	0.36	15.65
		2/19/18	2/26/18	7	2.55	2.68	0.13	5.10
		4/09/18	6/11/18	63	4.15	4.62	0.47	11.33
		5/06/19	8/26/19	112	13.75	34.62	20.87	151.78
		9/02/19	11/11/19	70	29.67	18.74	-10.93	-36.84
		11/18/19	11/25/19	7	18.61	21.15	2.54	13.65
		12/16/19	3/16/20	91	25.76	27.45	1.69	6.56
		5/11/20	6/22/20	42	59.58	45.56	-14.02	-23.53
		6/29/20	7/06/20	7	47.45	50.16	2.71	5.71	14.89
Encavis		1/23/06	4/03/06	70	1.60	1.65	0.05	3.05
		4/10/06	5/01/06	21	1.89	1.89	0.00	0.00
		5/08/06	6/12/06	35	1.89	1.89	0.00	0.00
		8/14/06	8/21/06	7	1.38	1.38	0.00	0.00
		9/11/06	9/18/06	7	1.38	1.38	0.00	0.00
		9/25/06	10/02/06	7	1.99	1.93	-0.07	-3.41
		10/09/06	11/27/06	49	1.91	1.92	0.01	0.47
		12/04/06	12/11/06	7	1.92	1.92	0.00	0.00
		12/18/06	1/08/07	21	1.92	1.87	-0.05	-2.51
		2/19/07	3/05/07	14	2.45	2.45	0.00	0.00
		12/29/08	2/23/09	56	1.94	1.90	-0.04	-2.02
		3/23/09	3/30/09	7	1.85	1.91	0.06	3.19
		12/05/11	12/12/11	7	3.10	3.15	0.04	1.45
		1/16/12	3/12/12	56	3.14	3.14	0.00	0.13
		3/19/12	3/26/12	7	3.17	3.06	-0.11	-3.41
		3/16/15	5/11/15	56	6.00	6.81	0.81	13.45
		6/15/15	6/22/15	7	6.55	6.65	0.10	1.51	11.40
instrument	L/S	date buy	date sell	days	prc buy	prc sell	prc diff	d %	total
Solaria Energía		10/17/16	10/24/16	7	0.81	0.81	0.00	0.00
		1/23/17	4/10/17	77	0.98	0.98	-0.01	-0.51
		6/05/17	6/12/17	7	1.56	1.39	-0.17	-10.61
		6/19/17	7/24/17	35	1.27	1.49	0.22	17.32	4.34
Sino-American Sili		10/16/17	10/30/17	14	81.70	83.50	1.80	2.20	2.20
United Renewable		8/16/10	8/30/10	14	79.01	79.80	0.79	1.00	1.00
SolarEdge		8/07/17	9/11/17	35	28.35	24.85	-3.50	-12.35
		9/18/17	10/09/17	21	26.80	28.75	1.95	7.28
		10/30/17	11/20/17	21	32.55	38.90	6.35	19.51
		2/26/18	3/05/18	7	50.90	50.60	-0.30	-0.59
		6/22/20	6/29/20	7	152.98	137.06	-15.92	-10.41	0.09
SunPower		12/11/06	12/18/06	7	38.88	37.08	-1.80	-4.63
		1/08/07	2/19/07	42	37.77	45.00	7.23	19.14
		4/16/07	4/23/07	7	54.68	56.80	2.12	3.88
		4/30/07	5/14/07	14	60.68	56.63	-4.05	-6.67
		2/18/13	3/18/13	28	13.39	11.71	-1.68	-12.55
		5/20/13	7/01/13	42	22.70	21.40	-1.30	-5.73
		7/08/13	8/05/13	28	23.81	24.59	0.78	3.28
		6/16/14	6/23/14	7	38.56	39.99	1.43	3.71
		7/14/14	7/21/14	7	38.76	38.84	0.08	0.21	-2.53
SMA Solar		7/20/15	7/27/15	7	30.06	29.88	-0.18	-0.62
		10/19/15	12/14/15	56	39.52	43.78	4.26	10.78
		12/21/15	1/11/16	21	53.70	49.32	-4.39	-8.17
		1/25/16	2/01/16	7	47.92	47.00	-0.92	-1.92
		3/14/16	3/28/16	14	43.50	41.18	-2.32	-5.33
		4/11/16	5/09/16	28	45.16	46.50	1.34	2.97	-3.34
instrument	L/S	date buy	date sell	days	prc buy	prc sell	prc diff	d %	total
Xinyi Solar		6/01/15	6/08/15	7	3.90	3.71	-0.19	-4.87	-4.87
Grenergy Renovables		12/17/18	12/24/18	7	5.40	4.66	-0.74	-13.70
		12/31/18	5/06/19	126	5.85	7.80	1.95	33.33
		11/11/19	11/18/19	7	12.70	11.95	-0.75	-5.91
		12/02/19	12/16/19	14	15.95	13.85	-2.10	-13.17	-5.99
JinkoSolar		12/17/12	12/24/12	7	6.20	5.55	-0.65	-10.48
		1/07/13	1/21/13	14	6.65	7.73	1.08	16.24
		7/24/17	8/07/17	14	28.00	29.02	1.02	3.64
		9/11/17	9/18/17	7	28.70	27.64	-1.06	-3.69
		10/19/20	11/09/20	21	75.63	62.49	-13.14	-17.37	-14.18
West Holdings		3/30/09	4/06/09	7	0.59	0.60	0.01	1.70
		8/03/09	8/17/09	14	2.44	2.60	0.16	6.56
		8/24/09	8/31/09	7	3.58	3.41	-0.18	-4.93
		9/07/09	11/02/09	56	3.47	5.33	1.87	53.85
		11/09/09	11/16/09	7	5.67	4.65	-1.02	-17.94
		11/23/09	1/25/10	63	4.20	3.95	-0.25	-6.03
		2/01/10	2/08/10	7	4.02	3.91	-0.11	-2.65
		3/29/10	5/03/10	35	4.48	3.35	-1.13	-25.20
		3/12/12	3/19/12	7	4.92	4.47	-0.45	-9.16
		3/26/12	4/02/12	7	4.89	5.06	0.17	3.48
		9/17/12	9/24/12	7	6.89	6.00	-0.89	-12.92
		10/15/12	10/22/12	7	6.46	5.75	-0.72	-11.07
		12/03/18	12/10/18	7	13.45	11.84	-1.61	-11.97	-42.97
Daqo New Energy		1/21/13	2/18/13	28	2.56	2.71	0.15	5.94
		9/30/13	10/07/13	7	5.29	4.75	-0.54	-10.17
		10/21/13	10/28/13	7	7.59	6.01	-1.58	-20.79
		11/18/13	11/25/13	7	9.15	7.79	-1.36	-14.86
		3/10/14	3/24/14	14	10.32	7.22	-3.10	-30.05
		3/31/14	4/14/14	14	8.57	7.95	-0.62	-7.21
		6/23/14	7/14/14	21	6.33	5.75	-0.58	-9.10
		12/25/17	2/05/18	42	10.80	9.68	-1.12	-10.41
		7/06/20	7/13/20	7	19.43	17.53	-1.90	-9.78
		11/09/20	11/16/20	7	41.90	43.68	1.79	4.26	-68.09

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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