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

Assessment - Photon Photovoltaik-Aktienindex - 3/10/22 - RS = 46

		⇓instrument	freshest		⇓ Δday	3/10/22	⇓ Δwk	15/11/21	prc diff	⇓ Δ46	Curr	∅-RS
		SOM Price Index	4,531.400	09:42	0.35	4,387.130	3.29	5,285.790	-898.660	-17.00	USD	-0.60
	L	Maxeon Solar	25.630	Tue	3.51	24.760	3.51	21.380	3.380	15.81	USD	76.46
	L	First Solar	143.060	Tue	4.71	136.620	4.71	112.310	24.310	21.65	USD	60.91
	L	Enphase Energy	288.250	Tue	0.57	286.610	0.57	244.710	41.900	17.12	USD	49.93
	L	Array Tech	18.470	Tue	4.23	17.720	4.23	27.090	-9.370	-34.59	USD	37.64
	L	Shoals Technologies	24.000	Tue	4.48	22.970	4.48	36.550	-13.580	-37.15	USD	20.82
		SMA Solar	49.500	Tue	4.65	47.300	4.65	47.800	-0.500	-1.05	EUR	16.41
		Canadian Solar	38.810	Tue	2.40	37.900	2.40	39.570	-1.670	-4.22	USD	15.22
	L	SunPower	24.560	Tue	4.60	23.480	4.60	31.530	-8.050	-25.53	USD	15.03
		Encavis	19.535	Tue	2.20	19.115	2.20	17.340	1.775	10.24	EUR	9.55
		Daqo New Energy	55.660	Tue	4.21	53.410	4.21	71.130	-17.720	-24.91	USD	6.10
		JinkoSolar	56.650	Tue	3.17	54.910	3.17	59.360	-4.450	-7.50	USD	5.26
		Enlight Renewable	770.000	Tue	2.12	770.000		826.000	-56.000	-6.78	ILS	4.50
		Sunnova Energy	23.630	Tue	3.05	22.930	3.05	41.910	-18.980	-45.29	USD	-1.75
		United Renewable	21.600	05:30	0.70	21.250	1.65	22.550	-1.300	-5.76	TWD	-1.95
	S	Meyer Burger	0.428	09:41	-2.28	0.405	5.63	0.462	-0.057	-12.34	CHF	-3.93
	S	Neoen	35.420	09:42	-0.48	35.280	0.40	37.040	-1.760	-4.75	EUR	-4.51
		Sunrun	30.470	Tue	6.99	28.480	6.99	57.960	-29.480	-50.86	USD	-4.95
	S	Grenergy Renovables	30.660	09:42	-1.10	30.060	2.00	31.950	-1.890	-5.92	EUR	-5.68
	S	Solaria Energía	17.065	Tue	1.82	16.760	1.82	16.185	0.575	3.55	EUR	-8.06
	S	GCL Poly Energy	2.520	08:08	4.13	2.420	4.13	3.120	-0.700	-22.44	HKD	-10.49
		West Holdings	4,300.000	06:15	-2.38	4,150.000	3.61	6,280.000	-2,130.000	-33.92	JPY	-11.96
	S	Xinte Energy	17.360	08:08	8.23	16.040	8.23	20.050	-4.010	-20.00	HKD	-12.41
		Panda Green Energy	0.214	07:53	-0.93	0.216	-0.93	0.275	-0.059	-21.45	HKD	-14.85
	S	SolarEdge	246.170	Tue	3.94	236.840	3.94	368.330	-131.490	-35.70	USD	-16.88
		⇓instrument	freshest		⇓ Δday	3/10/22	⇓ Δwk	15/11/21	prc diff	⇓ Δ46	Curr	∅-RS
		ReNew Energy Global	6.440	Tue	8.24	5.950	8.24	9.650	-3.700	-38.34	USD	-19.57
	S	BCPG	9.200	Tue	1.10	9.100	1.10	13.100	-4.000	-30.53	THB	-22.96
		Sino-American Sili	135.500	05:30	1.88	129.000	5.04	193.500	-64.500	-33.33	TWD	-25.74
	S	Xinyi Solar	8.700	08:08	1.05	8.610	1.05	14.260	-5.650	-39.62	HKD	-33.02
		Scatec	80.320	Tue	1.67	79.000	1.67	162.600	-83.600	-51.41	NOK	-33.10
	S	Flat Glass	19.280	08:08	1.69	18.960	1.69	38.350	-19.390	-50.56	HKD	-37.51
PPVX - 30 out of 30 instruments rated - 3/10/22 / 15/11/21 - 5 did rise, Market-Ratio(46) = 16.67 %

Technical Chart

	PPVX RS = 46 - B/S = 51/51

1/01/18	scale up chart	3/10/22

Transactions Photon Photovoltaik-Aktienindex * S46 - 51 ex 9 (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		16/06/08	896		- cash -
short	16/06/08	12/01/09	210		Enlight Renewable	100	625	ILS	16.000	11.000	23.273	7.273	45	14,545	92
	12/01/09	25/05/09	133		Canadian Solar	100	2,456	USD	5.920	11.030	0.810	-5.110	-86	1,995	-100
	25/05/09	24/08/09	91		SunPower	100	73	USD	27.060	26.750	27.374	0.314	1	2,018	5
24/08/09		31/08/09	7		- cash -
	31/08/09	7/09/09	7		SunPower	100	79	USD	25.350	27.280	23.420	-1.930	-8	1,866	-98
7/09/09		7/06/10	273		- cash -
	7/06/10	5/07/10	28		SunPower	100	158	USD	11.790	12.690	10.890	-0.900	-8	1,724	-64
5/07/10		2/08/10	28		- cash -
	2/08/10	6/09/10	35		West Holdings	100	783	JPY	2.200	2.227	2.173	-0.027	-1	1,703	-12
6/09/10		22/11/10	77		- cash -
	22/11/10	29/11/10	7		Solaria Energía	100	1,190	EUR	1.430	1.310	1.561	0.131	9	1,858	9,559
29/11/10		11/07/11	224		- cash -
	11/07/11	26/09/11	77		Enlight Renewable	100	65	ILS	28.200	31.600	24.800	-3.400	-12	1,637	-46
	26/09/11	29/10/12	399		JinkoSolar	100	275	USD	5.940	3.940	8.955	3.015	51	2,467	46
	29/10/12	21/01/13	84		SMA Solar	100	149	EUR	16.550	21.170	11.930	-4.620	-28	1,778	-76
21/01/13		4/02/13	14		- cash -
	4/02/13	11/02/13	7		Meyer Burger	100	222	CHF	7.980	8.380	7.580	-0.400	-5	1,689	-93
11/02/13		25/03/13	42		- cash -
	25/03/13	8/04/13	14		Meyer Burger	100	235	CHF	7.170	7.630	6.710	-0.460	-6	1,581	-82
8/04/13		6/10/14	546		- cash -
	6/10/14	27/10/14	21		SMA Solar	100	79	EUR	19.800	18.890	20.754	0.954	5	1,657	127
27/10/14		10/11/14	14		- cash -
	10/11/14	13/04/15	154		SMA Solar	100	87	EUR	18.970	13.765	26.143	7.173	38	2,281	114
13/04/15		20/04/15	7		- cash -
	20/04/15	27/04/15	7		West Holdings	100	250	JPY	9.110	8.910	9.315	0.205	2	2,332	218
27/04/15		4/05/15	7		- cash -
	4/05/15	27/07/15	84		West Holdings	100	276	JPY	8.430	9.430	7.430	-1.000	-12	2,056	-42
	27/07/15	2/11/15	98		Enphase Energy	100	364	USD	5.640	3.490	9.115	3.475	62	3,321	498
2/11/15		16/11/15	14		- cash -
	16/11/15	16/01/17	427		Enphase Energy	100	1,566	USD	2.120	1.650	2.724	0.604	28	4,266	24
	16/01/17	26/06/17	161		Meyer Burger	100	5,332	CHF	0.800	1.260	0.340	-0.460	-58	1,814	-86
26/06/17		9/07/18	378		- cash -
	9/07/18	6/08/18	28		Panda Green Energy	100	3,238	HKD	0.560	0.380	0.825	0.265	47	2,673	15,586
6/08/18		13/08/18	7		- cash -
	13/08/18	24/12/18	133		Panda Green Energy	100	7,528	HKD	0.355	0.460	0.250	-0.105	-30	1,882	-62
	24/12/18	29/04/19	126		SMA Solar	100	114	EUR	16.420	20.000	12.840	-3.580	-22	1,474	-51
29/04/19		6/05/19	7		- cash -
	6/05/19	13/05/19	7		Panda Green Energy	100	4,679	HKD	0.315	0.320	0.310	-0.005	-2	1,451	-57
13/05/19		27/05/19	14		- cash -
	27/05/19	3/06/19	7		GCL Poly Energy	100	3,119	HKD	0.465	0.475	0.455	-0.010	-2	1,420	-68
3/06/19		23/03/20	294		- cash -
	23/03/20	30/03/20	7		Meyer Burger	100	10,827	CHF	0.131	0.165	0.097	-0.034	-26	1,051	-100
L/S	date buy	date sell	days		instrument	spl	pieces	Curr	prc buy	prc sell	ps short	prc diff	d %	asset	yield
30/03/20		8/11/21	588		- cash -
	8/11/21	28/03/22	140		Scatec	100	6	NOK	166.200	127.700	216.307	50.107	30	1,352	99
28/03/22		18/04/22	21		- cash -
	18/04/22	20/06/22	63		Shoals Technologies	100	107	USD	12.600	19.570	5.630	-6.970	-55	606	-99
	20/06/22	8/08/22	49		Scatec	100	6	NOK	89.420	113.550	65.290	-24.130	-27	461	-90
8/08/22		5/09/22	28		- cash -
	5/09/22	12/09/22	7		Flat Glass	100	20	HKD	22.750	24.450	21.050	-1.700	-7	427	-98
12/09/22		19/09/22	7		- cash -
	19/09/22	5/10/22	16		Flat Glass	100	20	HKD	21.300	19.280	23.532	2.232	10	472	871
accum	16/06/08	5/10/22	2627	days out of 6120 invested (43%)								-95		472	-35

Instrument Related Contribution

instrument	L/S	date buy	date sell	days	prc buy	prc sell	ps short	prc diff	d %	total
Enphase Energy	short	27/07/15	2/11/15	98	5.64	3.49	9.11	3.47	61.60
		16/11/15	16/01/17	427	2.12	1.65	2.72	0.60	28.49	107.64
JinkoSolar		26/09/11	29/10/12	399	5.94	3.94	8.96	3.02	50.76	50.76
Enlight Renewable		16/06/08	12/01/09	210	16.00	11.00	23.27	7.27	45.45
		11/07/11	26/09/11	77	28.20	31.60	24.80	-3.40	-12.06	27.92
Solaria Energía		22/11/10	29/11/10	7	1.43	1.31	1.56	0.13	9.16	9.16
Flat Glass		5/09/22	12/09/22	7	22.75	24.45	21.05	-1.70	-7.47
		19/09/22	5/10/22	16	21.30	19.28	23.53	2.23	10.48	2.22
Panda Green Energy		9/07/18	6/08/18	28	0.56	0.38	0.83	0.27	47.38
		13/08/18	24/12/18	133	0.36	0.46	0.25	-0.11	-29.58
		6/05/19	13/05/19	7	0.32	0.32	0.31	-0.01	-1.59	2.14
GCL Poly Energy		27/05/19	3/06/19	7	0.47	0.48	0.46	-0.01	-2.15	-2.15
Scatec		8/11/21	28/03/22	140	166.20	127.70	216.31	50.11	30.15
		20/06/22	8/08/22	49	89.42	113.55	65.29	-24.13	-26.99	-4.97
West Holdings		2/08/10	6/09/10	35	2.20	2.23	2.17	-0.03	-1.21
		20/04/15	27/04/15	7	9.11	8.91	9.31	0.20	2.24
		4/05/15	27/07/15	84	8.43	9.43	7.43	-1.00	-11.86	-10.98
SunPower		25/05/09	24/08/09	91	27.06	26.75	27.37	0.31	1.16
		31/08/09	7/09/09	7	25.35	27.28	23.42	-1.93	-7.61
		7/06/10	5/07/10	28	11.79	12.69	10.89	-0.90	-7.63	-13.68
SMA Solar		29/10/12	21/01/13	84	16.55	21.17	11.93	-4.62	-27.92
		6/10/14	27/10/14	21	19.80	18.89	20.75	0.95	4.82
		10/11/14	13/04/15	154	18.97	13.77	26.14	7.17	37.81
		24/12/18	29/04/19	126	16.42	20.00	12.84	-3.58	-21.80	-18.57
Shoals Technologies		18/04/22	20/06/22	63	12.60	19.57	5.63	-6.97	-55.32	-55.32
instrument	L/S	date buy	date sell	days	prc buy	prc sell	ps short	prc diff	d %	total
Meyer Burger		4/02/13	11/02/13	7	7.98	8.38	7.58	-0.40	-5.01
		25/03/13	8/04/13	14	7.17	7.63	6.71	-0.46	-6.42
		16/01/17	26/06/17	161	0.80	1.26	0.34	-0.46	-57.50
		23/03/20	30/03/20	7	0.13	0.17	0.10	-0.03	-25.93	-72.02
Canadian Solar		12/01/09	25/05/09	133	5.92	11.03	0.81	-5.11	-86.32	-86.32

Annotations

25/09/22	PPVX	Maxeon Solar Technologies replaces Azure Power Global
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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