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

Assessment - Photon Photovoltaik-Aktienindex in Swiss Franc - 7/26/21 - RS = 37

		⇓instrument	freshest		Δday	7/26/21	⇓ Δwk	11/09/20	prc diff	⇓ Δ37	⇓∅-RS
		SOM Price Index	4,214.992	Fri	0.70	4,022.095	4.80	3,615.828	406.268	11.24	8.13
		Flat Glass	4.077	Fri	4.21	4.142	-1.56	2.676	1.465	54.76	65.98
		Enphase Energy	173.472	Fri	4.14	161.651	7.31	106.731	54.921	51.46	47.01
		Sunnova Energy	34.859	Fri	3.76	30.916	12.76	29.572	1.343	4.54	3.36
	S	Panda Green Energy	0.030	Fri	3.66	0.030		0.027	0.003	11.38	-0.79
		Enlight Renewable	203.443	Thu	3.44	196.451	3.56	179.764	16.687	9.28	11.24
		Xinyi Solar	1.836	Fri	3.31	1.793	2.36	1.706	0.087	5.12	15.65
		West Holdings	40.773	Fri	3.04	38.409	6.16	33.032	5.377	16.28	31.92
		Soltec Power	7.341	Fri	2.88	7.114	3.19	6.413	0.701	10.93	-na-
		First Solar	78.721	Fri	2.75	74.430	5.77	78.498	-4.068	-5.18	0.73
		Grenergy Renovables	30.271	Fri	2.38	30.487	-0.71	22.310	8.177	36.65	16.20
		Azure Power Global	23.834	Fri	2.16	20.980	13.61	26.929	-5.949	-22.09	-15.97
		Meyer Burger	0.468	Fri	2.09	0.441	6.12	0.298	0.143	47.99	42.90
		Shoals Technologies	26.616	Fri	2.00	24.749	7.54				-na-
	L	JinkoSolar	49.306	Fri	1.78	49.105	0.41	56.966	-7.861	-13.80	33.93
	S	Sunrun	48.464	Fri	0.67	45.829	5.75	50.585	-4.756	-9.40	-9.33
		SunPower	22.663	Fri	0.57	21.684	4.51	17.558	4.127	23.50	17.41
		Neoen	39.590	Fri	0.55	39.482	0.27	51.465	-11.983	-23.28	-16.80
		United Renewable	0.697	Thu		0.411	69.72	0.490	-0.079	-16.18	-1.53
	S	Scatec	19.679	Fri	-0.18	19.581	0.50	23.195	-3.614	-15.58	-18.96
		Daqo New Energy	54.210	Fri	-0.24	51.676	4.90	38.194	13.481	35.30	22.80
		Array Tech	12.388	Fri	-0.51	11.967	3.52	38.287	-26.320	-68.74	-na-
	S	SMA Solar	47.741	Fri	-0.59	46.682	2.27	46.518	0.164	0.35	-3.43
	S	SolarEdge	237.408	Fri	-0.63	224.727	5.64	211.966	12.761	6.02	-2.93
	L	BCPG	0.406	Fri	-0.68	0.401	1.39	0.388	0.013	3.24	-1.82
		⇓instrument	freshest		Δday	7/26/21	⇓ Δwk	11/09/20	prc diff	⇓ Δ37	⇓∅-RS
		Encavis	16.681	Fri	-0.84	16.898	-1.28	19.142	-2.244	-11.72	-6.97
	S	Canadian Solar	36.826	Fri	-1.13	34.804	5.81	35.844	-1.040	-2.90	-1.86
		GCL Poly Energy	0.233	Fri	-2.46	0.233		0.048	0.185	388.99	182.01
		Solaria Energía	17.584	Fri	-2.55	18.222	-3.50	18.915	-0.693	-3.67	-3.46
	L	Sino-American Sili	6.161	Fri	-3.32	6.813	-9.57	3.384	3.429	101.33	55.82
		Xinte Energy	2.087	Fri	-5.94	2.383	-12.40	0.894	1.489	166.50	125.59
PPVX - 29 out of 30 instruments rated - 7/26/21 / 11/09/20 - 18 did rise, Market-Ratio(37) in CHF = 62.07 %

Technical Chart

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

1/02/17	scale up chart	7/26/21

Transactions Photon Photovoltaik-Aktienindex in Swiss Franc * A37 - 52/31 (1)

													⇐
L/S	date buy	date sell	days		instrument	spl	pieces	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	407,633	0.025	0.021	0.029	0.004	18	11,821	107
long	2/05/07	6/23/08	504		SunPower	100	206	57.144	85.594		28.451	50	17,682	34
short	6/23/08	7/06/09	378		JA Solar Energy	100	194	90.721	20.539	400.720	309.999	342	77,822	320
long	7/06/09	7/18/11	742		GCL Poly Energy	100	210,931	0.369	0.423		0.054	15	89,274	7
short	7/18/11	1/14/13	546		REC Silicon	100	8,387	10.644	1.966	57.633	46.990	441	483,376	209
long	1/14/13	10/06/14	630		SFCE	100	7,072,917	0.068	0.959		0.890	1,303	6,780,689	362
short	10/06/14	4/20/15	196		SMA Solar	100	282,440	24.008	15.072	38.241	14.233	59	10,800,686	138
long	4/20/15	5/11/15	21		Encavis	100	1,631,483	6.620	7.095		0.475	7	11,575,341	233
short	5/11/15	6/29/15	49		REC Silicon	100	5,277,635	2.193	2.034	2.365	0.171	8	12,478,969	75
long	6/29/15	7/27/15	28		Encavis	100	1,884,399	6.622	7.913		1.291	19	14,910,899	919
short	7/27/15	7/03/17	707		SFCE	100	45,296,955	0.329	0.054	1.996	1.667	506	90,417,252	154
long	7/03/17	7/16/18	378		Panda Green Energy	100	711,511,771	0.127	0.069		-0.058	-46	48,805,274	-45
short	7/16/18	4/29/19	287		Panda Green Energy	100	711,511,771	0.069	0.044	0.108	0.039	57	76,843,271	78
long	4/29/19	7/30/21	823		Enphase Energy	100	7,382,755	10.408	173.472		163.064	1,567	1,281m	248
accum	11/13/06	7/30/21	5376	days out of 5691 invested (94%)							12,806,932		1,281m	122

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	0.07	0.96		0.89	1,302.78
	short	7/27/15	7/03/17	707	0.33	0.05	2.00	1.67	506.38	8,406.21
Enphase Energy	long	4/29/19	7/30/21	823	10.41	173.47		163.06	1,566.64	1,566.64
REC Silicon	short	7/18/11	1/14/13	546	10.64	1.97	57.63	46.99	441.48
	short	5/11/15	6/29/15	49	2.19	2.03	2.36	0.17	7.81	483.75
JA Solar Energy	short	6/23/08	7/06/09	378	90.72	20.54	400.72	310.00	341.71	341.71
SMA Solar	short	10/06/14	4/20/15	196	24.01	15.07	38.24	14.23	59.29	59.29
SunPower	long	2/05/07	6/23/08	504	57.14	85.59		28.45	49.79	49.79
Encavis	long	4/20/15	5/11/15	21	6.62	7.09		0.47	7.17
	long	6/29/15	7/27/15	28	6.62	7.91		1.29	19.49	28.06
GCL Poly Energy	long	7/06/09	7/18/11	742	0.37	0.42		0.05	14.72	14.72
Panda Green Energy	short	11/13/06	2/05/07	84	0.02	0.02	0.03	0.00	18.21
	long	7/03/17	7/16/18	378	0.13	0.07		-0.06	-46.02
	short	7/16/18	4/29/19	287	0.07	0.04	0.11	0.04	57.45	0.47

Annotations

7/23/21	PPVX	Xinte Energy replaces Maxeon
6/25/21	PPVX	Enlight Renewable Energy and Flat Glass Group replace Solarpack and Renesola
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


	is taking down something concerning