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

Assessment - Photon Photovoltaik-Aktienindex - 11/29/21 - RS = 46

		⇓instrument	freshest		⇓ Δday	11/29/21	⇓ Δwk	1/11/21	prc diff	⇓ Δ46	Curr	∅-RS
		SOM Price Index	4,519.290	Fri	-3.57	4,954.990	-8.79	5,870.920	-915.930	-15.60	USD	5.06
	L	Enphase Energy	217.100	Fri	-7.62	256.710	-15.43	201.680	55.030	27.29	USD	55.31
		GCL Poly Energy	2.690	Fri	-1.47	2.980	-9.73	1.320	1.660	125.76	HKD	54.35
	L	West Holdings	6,190.000	Fri	1.98	6,430.000	-3.73	5,320.000	1,110.000	20.86	JPY	53.22
	L	SolarEdge	307.000	Fri	-3.62	347.210	-11.58	352.050	-4.840	-1.37	USD	23.92
	L	Enlight Renewable	819.700	Fri	-2.01	834.500	-1.77	673.900	160.600	23.83	ILS	23.86
		First Solar	98.250	Fri	-3.71	106.850	-8.05	103.760	3.090	2.98	USD	18.64
		Sino-American Sili	211.500	Fri	3.17	205.000	3.17	170.000	35.000	20.59	TWD	17.11
	L	JinkoSolar	43.580	Fri	-10.26	55.990	-22.16	66.270	-10.280	-15.51	USD	15.96
		Flat Glass	33.250	Fri	0.45	33.300	-0.15	33.600	-0.300	-0.89	HKD	13.96
	L	SunPower	24.440	Fri	-9.11	29.760	-17.88	29.650	0.110	0.37	USD	10.47
		Xinte Energy	16.200	Fri	-3.57	17.560	-7.74	13.380	4.180	31.24	HKD	10.10
		Meyer Burger	0.397	Fri	-9.90	0.449	-11.50	0.366	0.083	22.70	CHF	5.73
		Grenergy Renovables	28.800	Fri	-4.48	30.750	-6.34	35.200	-4.450	-12.64	EUR	2.37
		Array Tech	16.870	Fri	-4.53	22.850	-26.17	51.000	-28.150	-55.20	USD	1.92
		Sunnova Energy	32.710	Fri	-5.73	37.610	-13.03	51.810	-14.200	-27.41	USD	1.25
	L	Solaria Energía	15.705	Fri	-0.76	16.995	-7.59	26.260	-9.265	-35.28	EUR	-2.69
	L	Encavis	15.480	Fri	-3.43	16.460	-5.95	23.650	-7.190	-30.40	EUR	-3.07
	L	Canadian Solar	32.520	Fri	-7.67	39.060	-16.74	56.200	-17.140	-30.50	USD	-6.36
	S	Panda Green Energy	0.270	Fri	1.89	0.255	5.88	0.280	-0.025	-8.93	HKD	-6.61
	L	SMA Solar	40.740	Fri	-2.07	43.240	-5.78	65.900	-22.660	-34.39	EUR	-7.36
	L	Neoen	34.160	Fri	-3.01	37.200	-8.17	65.700	-28.500	-43.38	EUR	-7.77
		Sunrun	39.950	Fri	-5.58	47.860	-16.53	95.620	-47.760	-49.95	USD	-9.90
	S	Xinyi Solar	14.080	Fri	-1.26	13.640	3.23	19.800	-6.160	-31.11	HKD	-11.17
	S	BCPG	12.600	Fri		12.600		15.500	-2.900	-18.71	THB	-11.39
		⇓instrument	freshest		⇓ Δday	11/29/21	⇓ Δwk	1/11/21	prc diff	⇓ Δ46	Curr	∅-RS
		United Renewable	21.200	Fri	3.67	20.450	3.67	24.479	-4.029	-16.46	TWD	-11.94
	S	Daqo New Energy	43.320	Fri	-10.14	58.010	-25.32	76.530	-18.520	-24.20	USD	-12.97
	L	Azure Power Global	18.310	Fri	-8.86	21.420	-14.52	48.730	-27.310	-56.04	USD	-16.90
		Scatec	150.200	Fri	-1.12	164.700	-8.80	362.400	-197.700	-54.55	NOK	-25.22
		ReNew Energy Global	7.740	Fri	-3.85	7.840	-1.28				USD	-na-
		Shoals Technologies	26.660	Fri	-4.44	29.630	-10.02				USD	-na-
PPVX - 28 out of 30 instruments rated - 11/29/21 / 1/11/21 - 9 did rise, Market-Ratio(46) = 32.14 %

Technical Chart

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

1/02/17	scale up chart	11/29/21

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
1/02/06		6/16/08	896		- cash -
short	6/16/08	1/12/09	210		Enlight Renewable	100	625	ILS	16.000	11.000	23.273	7.273	45	14,545	92
	1/12/09	5/25/09	133		Canadian Solar	100	2,456	USD	5.920	11.030	0.810	-5.110	-86	1,995	-100
	5/25/09	8/24/09	91		SunPower	100	73	USD	27.060	26.750	27.374	0.314	1	2,018	5
8/24/09		8/31/09	7		- cash -
	8/31/09	9/07/09	7		SunPower	100	79	USD	25.350	27.280	23.420	-1.930	-8	1,866	-98
9/07/09		6/07/10	273		- cash -
	6/07/10	7/05/10	28		SunPower	100	158	USD	11.790	12.690	10.890	-0.900	-8	1,724	-64
7/05/10		8/02/10	28		- cash -
	8/02/10	9/06/10	35		West Holdings	100	783	JPY	2.200	2.227	2.173	-0.027	-1	1,703	-12
9/06/10		11/22/10	77		- cash -
	11/22/10	11/29/10	7		Solaria Energía	100	1,190	EUR	1.430	1.310	1.561	0.131	9	1,858	9,559
11/29/10		7/11/11	224		- cash -
	7/11/11	9/26/11	77		Enlight Renewable	100	65	ILS	28.200	31.600	24.800	-3.400	-12	1,637	-46
	9/26/11	10/29/12	399		JinkoSolar	100	275	USD	5.940	3.940	8.955	3.015	51	2,467	46
	10/29/12	1/21/13	84		SMA Solar	100	149	EUR	16.550	21.170	11.930	-4.620	-28	1,778	-76
1/21/13		2/04/13	14		- cash -
	2/04/13	2/11/13	7		Meyer Burger	100	222	CHF	7.980	8.380	7.580	-0.400	-5	1,689	-93
2/11/13		3/25/13	42		- cash -
	3/25/13	4/08/13	14		Meyer Burger	100	235	CHF	7.170	7.630	6.710	-0.460	-6	1,581	-82
4/08/13		10/06/14	546		- cash -
	10/06/14	10/27/14	21		SMA Solar	100	79	EUR	19.800	18.890	20.754	0.954	5	1,657	127
10/27/14		11/10/14	14		- cash -
	11/10/14	4/13/15	154		SMA Solar	100	87	EUR	18.970	13.765	26.143	7.173	38	2,281	114
4/13/15		4/20/15	7		- cash -
	4/20/15	4/27/15	7		West Holdings	100	250	JPY	9.110	8.910	9.315	0.205	2	2,332	218
4/27/15		5/04/15	7		- cash -
	5/04/15	7/27/15	84		West Holdings	100	276	JPY	8.430	9.430	7.430	-1.000	-12	2,056	-42
	7/27/15	11/02/15	98		Enphase Energy	100	364	USD	5.640	3.490	9.115	3.475	62	3,321	498
11/02/15		11/16/15	14		- cash -
	11/16/15	1/16/17	427		Enphase Energy	100	1,566	USD	2.120	1.650	2.724	0.604	28	4,266	24
	1/16/17	6/26/17	161		Meyer Burger	100	5,332	CHF	0.800	1.260	0.340	-0.460	-58	1,814	-86
6/26/17		7/09/18	378		- cash -
	7/09/18	7/30/18	21		Panda Green Energy	100	3,238	HKD	0.560	0.415	0.756	0.196	35	2,447	18,195
7/30/18		8/13/18	14		- cash -
	8/13/18	12/24/18	133		Panda Green Energy	100	6,893	HKD	0.355	0.460	0.250	-0.105	-30	1,724	-62
	12/24/18	4/29/19	126		SMA Solar	100	104	EUR	16.420	20.000	12.840	-3.580	-22	1,351	-51
4/29/19		5/06/19	7		- cash -
	5/06/19	5/13/19	7		Panda Green Energy	100	4,289	HKD	0.315	0.320	0.310	-0.005	-2	1,330	-57
5/13/19		5/27/19	14		- cash -
	5/27/19	6/03/19	7		GCL Poly Energy	100	2,859	HKD	0.465	0.475	0.455	-0.010	-2	1,301	-68
6/03/19		3/23/20	294		- cash -
	3/23/20	3/30/20	7		Meyer Burger	100	9,925	CHF	0.131	0.165	0.097	-0.034	-26	964	-100
L/S	date buy	date sell	days		instrument	spl	pieces	Curr	prc buy	prc sell	ps short	prc diff	d %	asset	yield
3/30/20		11/08/21	588		- cash -
	11/08/21	12/03/21	25		Scatec	100	5	NOK	166.200	150.200	183.904	17.704	11	1,052	338
accum	6/16/08	12/03/21	2371	days out of 5815 invested (41%)								-89		1,052	-29

Instrument Related Contribution

instrument	L/S	date buy	date sell	days	prc buy	prc sell	ps short	prc diff	d %	total
Enphase Energy	short	7/27/15	11/02/15	98	5.64	3.49	9.11	3.47	61.60
		11/16/15	1/16/17	427	2.12	1.65	2.72	0.60	28.49	107.64
JinkoSolar		9/26/11	10/29/12	399	5.94	3.94	8.96	3.02	50.76	50.76
Enlight Renewable		6/16/08	1/12/09	210	16.00	11.00	23.27	7.27	45.45
		7/11/11	9/26/11	77	28.20	31.60	24.80	-3.40	-12.06	27.92
Scatec		11/08/21	12/03/21	25	166.20	150.20	183.90	17.70	10.65	10.65
Solaria Energía		11/22/10	11/29/10	7	1.43	1.31	1.56	0.13	9.16	9.16
GCL Poly Energy		5/27/19	6/03/19	7	0.47	0.48	0.46	-0.01	-2.15	-2.15
Panda Green Energy		7/09/18	7/30/18	21	0.56	0.42	0.76	0.20	34.95
		8/13/18	12/24/18	133	0.36	0.46	0.25	-0.11	-29.58
		5/06/19	5/13/19	7	0.32	0.32	0.31	-0.01	-1.59	-6.48
West Holdings		8/02/10	9/06/10	35	2.20	2.23	2.17	-0.03	-1.21
		4/20/15	4/27/15	7	9.11	8.91	9.31	0.20	2.24
		5/04/15	7/27/15	84	8.43	9.43	7.43	-1.00	-11.86	-10.98
SunPower		5/25/09	8/24/09	91	27.06	26.75	27.37	0.31	1.16
		8/31/09	9/07/09	7	25.35	27.28	23.42	-1.93	-7.61
		6/07/10	7/05/10	28	11.79	12.69	10.89	-0.90	-7.63	-13.68
SMA Solar		10/29/12	1/21/13	84	16.55	21.17	11.93	-4.62	-27.92
		10/06/14	10/27/14	21	19.80	18.89	20.75	0.95	4.82
		11/10/14	4/13/15	154	18.97	13.77	26.14	7.17	37.81
		12/24/18	4/29/19	126	16.42	20.00	12.84	-3.58	-21.80	-18.57
Meyer Burger		2/04/13	2/11/13	7	7.98	8.38	7.58	-0.40	-5.01
		3/25/13	4/08/13	14	7.17	7.63	6.71	-0.46	-6.42
		1/16/17	6/26/17	161	0.80	1.26	0.34	-0.46	-57.50
		3/23/20	3/30/20	7	0.13	0.17	0.10	-0.03	-25.93	-72.02
instrument	L/S	date buy	date sell	days	prc buy	prc sell	ps short	prc diff	d %	total
Canadian Solar		1/12/09	5/25/09	133	5.92	11.03	0.81	-5.11	-86.32	-86.32

Annotations

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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