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

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Assessment - Photon Photovoltaik-Aktienindex - 9/26/22 - RS = 37

		⇓instrument	freshest		⇓ Δday	9/26/22	Δwk	1/10/22	prc diff	⇓ Δ37	Curr	⇓∅-RS
		SOM Price Index	4,346.780	17:24	1.17	4,381.550	-0.79	4,075.410	306.140	7.51	USD	-0.80
		Shoals Technologies	22.520	14:33	6.48	19.400	16.08	21.530	-2.130	-9.89	USD	1.30
	L	Maxeon Solar	23.920	14:32	2.18	21.660	10.43	12.310	9.350	75.95	USD	54.64
		Array Tech	17.190	14:33	4.63	16.100	6.77	14.010	2.090	14.92	USD	24.84
		JinkoSolar	56.220	14:32	7.99	52.910	6.26	44.690	8.220	18.39	USD	1.69
		Canadian Solar	38.310	14:33	2.87	36.440	5.13	29.100	7.340	25.22	USD	10.84
	L	First Solar	134.780	14:31	2.94	128.210	5.12	84.300	43.910	52.09	USD	51.65
	L	Enphase Energy	282.630	14:33	1.72	274.920	2.80	147.130	127.790	86.86	USD	45.23
		Encavis	18.480	15:35	0.60	18.225	1.40	14.070	4.155	29.53	EUR	4.60
		Panda Green Energy	0.203	07:59	-1.46	0.201	1.00	0.275	-0.074	-26.91	HKD	-21.48
		United Renewable	21.550	05:30	1.41	21.350	0.94	20.900	0.450	2.15	TWD	-1.37
	S	Meyer Burger	0.396	15:31	-0.60	0.393	0.56	0.377	0.017	4.41	CHF	-6.96
		Daqo New Energy	51.940	14:33	3.98	51.880	0.12	39.580	12.300	31.08	USD	2.77
	S	Neoen	34.340	15:35	1.06	34.410	-0.20	33.940	0.470	1.38	EUR	-6.98
	S	Grenergy Renovables	31.100	15:35	3.05	31.200	-0.32	26.900	4.300	15.99	EUR	-2.22
		ReNew Energy Global	6.040	14:32	0.83	6.130	-1.47	6.890	-0.760	-11.03	USD	-18.00
		SMA Solar	48.000	15:35		48.780	-1.60	35.240	13.540	38.42	EUR	20.59
	L	Sunnova Energy	22.840	14:33	3.72	23.370	-2.27	23.880	-0.510	-2.14	USD	-0.47
	L	SunPower	23.500	14:32	4.26	24.100	-2.49	19.620	4.480	22.83	USD	18.23
		Enlight Renewable	757.300	17:24	-2.16	777.200	-2.56	731.900	45.300	6.19	ILS	5.63
	S	GCL Poly Energy	2.400	08:08	-0.83	2.480	-3.23	2.690	-0.210	-7.81	HKD	-7.79
	S	BCPG	9.200	09:37	0.55	9.550	-3.66	12.000	-2.450	-20.42	THB	-19.73
	S	Solaria Energía	16.165	15:35	-0.89	16.800	-3.78	15.540	1.260	8.11	EUR	-7.59
	L	Sunrun	28.450	14:33	3.38	29.640	-4.01	31.520	-1.880	-5.96	USD	-1.73
	L	West Holdings	4,165.000	06:15	-3.25	4,350.000	-4.25	5,020.000	-670.000	-13.35	JPY	-8.10
		⇓instrument	freshest		⇓ Δday	9/26/22	Δwk	1/10/22	prc diff	⇓ Δ37	Curr	⇓∅-RS
	S	Flat Glass	19.100	08:08	1.06	20.150	-5.21	34.600	-14.450	-41.76	HKD	-34.40
	S	SolarEdge	232.960	14:33	-1.10	247.650	-5.93	255.470	-7.820	-3.06	USD	-13.32
	S	Xinte Energy	16.680	08:08	2.21	17.920	-6.92	14.500	3.420	23.59	HKD	-2.31
	S	Xinyi Solar	8.310	08:08	-0.60	8.950	-7.15	12.520	-3.570	-28.51	HKD	-31.22
		Sino-American Sili	131.000	05:30		148.500	-11.78	233.500	-85.000	-36.40	TWD	-14.91
		Scatec	74.960	14:27	-8.90	85.960	-12.80	137.000	-51.040	-37.26	NOK	-28.17
PPVX - 30 out of 30 instruments rated - 9/26/22 / 1/10/22 - 17 did rise, Market-Ratio(37) = 56.67 %

Technical Chart

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

1/01/18	scale up chart	9/26/22

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
1/02/06		11/13/06	315		- cash -
short	11/13/06	2/05/07	84		Panda Green 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		Panda Green 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		Panda Green 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	9/30/22	39		Array Tech	100	19,615,973	USD	20.500	17.190		-3.310	-16	337m	-81
accum	11/13/06	9/30/22	5800	days out of 6115 invested (95%)								3,371,886		337m	93

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	2.13
Panda Green 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	9/30/22	39	20.50	17.19		-3.31	-16.15	-16.15
Daqo New Energy	short	12/20/21	8/22/22	245	38.05	62.29	13.81	-24.24	-63.71	-63.71

Annotations

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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