Assessment - Photon Photovoltaik-Aktienindex in Swiss Franc - 11/18/19 - RS = 37

 ⇐ 

								⇓instrument	freshest		⇓ Δday	11/18/19	⇓ Δwk	3/04/19	prc diff	⇓ Δ37		∅-RS
								SOM Price Index	1,737.908	16:37	0.73	1,725.248	0.73	1,623.797	101.451	6.25		5.94
								Enphase Energy	18.349	15:31	-0.16	18.378	-0.16	8.775	9.603	109.44		72.86
						L		SMA Solar	35.141	16:35	-1.59	35.710	-1.59	25.966	9.744	37.53		49.31
								SolarEdge	75.973	15:31	0.18	75.835	0.18	41.527	34.308	82.62		50.11
						L		Encavis	9.918	16:35	0.44	9.874	0.44	6.707	3.168	47.23		32.79
						L		Solaria Energía	7.231	16:35	-2.37	7.406	-2.37	5.970	1.435	24.04		31.22
								Scatec Solar	11.847	15:25	-0.73	11.934	-0.73	9.579	2.355	24.59		18.68
						L		Azure Power Global	12.782	15:30	-0.59	12.858	-0.59	10.994	1.864	16.96		19.07
						L		Sino-American Sili	2.828	05:30	-1.69	2.877	-1.69	2.286	0.591	25.86		19.69
								Xinyi Solar	0.586	08:08	2.20	0.573	2.20	0.493	0.080	16.23		18.01
						L		West Holdings	13.454	06:15	2.14	13.172	2.14	10.724	2.448	22.82		16.37
								Neoen	25.726	16:37	-0.42	25.836	-0.42	22.522	3.314	14.71		11.98
								7C Solarparken	3.678	16:36	0.30	3.667	0.30	3.240	0.427	13.19		11.02
								Vivint Solar	6.582	15:32	-0.52	6.617	-0.52	5.357	1.260	23.51		12.54
								TerraForm Power	15.539	15:31	1.45	15.317	1.45	12.483	2.834	22.70		12.43
								Daqo New Energy	38.925	15:30	1.40	38.386	1.40	37.979	0.408	1.07		9.20
								Thai Solar Energy	0.090	09:37	0.74	0.089	0.74	0.079	0.010	12.63		11.06
								SunPower	8.266	15:30	1.33	8.157	1.33	6.426	1.731	26.93		5.09
								SPCG	0.649	09:37	-0.50	0.652	-0.50	0.603	0.049	8.15		8.25
						S		First Solar	53.674	15:30	2.26	52.489	2.26	52.461	0.028	0.05		-3.23
						S		Sunrun	14.260	15:31		14.260		16.291	-2.031	-12.46		-5.70
						S		BCPG	0.537	09:36	-1.80	0.547	-1.80	0.506	0.042	8.24		-1.96
						S		JinkoSolar	17.302	15:31	17.82	14.685	17.82	19.169	-4.484	-23.39		-9.45
						S		United Renewable	0.253	05:30	-0.51	0.254	-0.51	0.284	-0.030	-10.57		-9.37
						L		Meyer Burger	0.454	16:31	3.09	0.441	3.09	0.815	-0.374	-45.94		-18.39
								⇓instrument	freshest		⇓ Δday	11/18/19	⇓ Δwk	3/04/19	prc diff	⇓ Δ37		∅-RS
						S		Canadian Solar	15.070	15:31	1.94	14.784	1.94	24.416	-9.633	-39.45		-23.17
								Panda Green Energy	0.029	08:08	0.87	0.029	0.87	0.048	-0.019	-39.23		-23.23
								GCL Poly Energy	0.032	08:08	-5.56	0.034	-5.56	0.088	-0.054	-61.23		-39.99
						S		SFCE	0.022	07:29		0.022		0.066	-0.044	-66.09		-41.20
								Solarpack	12.217	16:35	1.82	11.998	1.82	13.028	-1.030	-7.91		-na-
								Sunnova Energy	10.537	15:28	0.47	10.488	0.47					-na-
PPVX - 29 out of 30 instruments rated - 11/18/19 / 3/04/19 - 20 did rise, Market-Ratio(37) in CHF = 68.97 %

 

Technical Chart

	PPVX RS = 37 - B/S = 52/31
1/05/15	scale up chart	11/18/19

 

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	11/19/19	204				Enphase Energy	100	7,382,755		10.408	18.349		7.940	76	135m	176
accum	11/13/06	11/19/19	4754	days out of 5069 invested (94%)										1,354,552		135m	108

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
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
Enphase Energy	long	4/29/19	11/19/19	204	10.41	18.35		7.94	76.29			76.29
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

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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