Assessment - Photon Photovoltaik-Aktienindex in Swiss Franc - 5/10/21 - RS = 37

 ⇐ 

								⇓instrument	freshest		Δday	5/10/21	⇓ Δwk	8/24/20	prc diff	⇓ Δ37		⇓∅-RS
								SOM Price Index	3,365.465	10:45	0.64	3,521.819	-4.44	2,688.928	832.891	30.97		11.77
								United Renewable	0.421	05:30	7.44	0.466	-9.72	0.324	0.142	43.91		35.01
								Array Tech	12.999	Thu	7.36	22.381	-41.92					-na-
								Grenergy Renovables	29.541	09:53	4.65	27.024	9.31	16.658	10.367	62.23		24.36
								Meyer Burger	0.390	09:50	3.72	0.405	-3.70	0.196	0.209	106.63		57.17
						S		Encavis	16.630	09:46	3.19	16.324	1.88	15.712	0.612	3.90		-4.82
								Sino-American Sili	5.021	05:30	1.97	5.572	-9.88	3.040	2.532	83.30		45.88
						S		Solaria Energía	16.373	Thu	1.94	16.674	-1.80	16.185	0.489	3.02		0.15
								Soltec Power	7.555	09:53	0.80	8.446	-10.56					-na-
						S		Neoen	36.215	10:45	0.73	37.374	-3.10	47.501	-10.127	-21.32		-20.95
								Panda Green Energy	0.029	Thu		0.029	0.40	0.029	-0.001	-2.57		8.20
								West Holdings	25.885	06:15	-0.48	27.249	-5.01	23.686	3.563	15.04		6.49
								Solarpack	20.066	09:51	-1.40	21.204	-5.37	17.732	3.471	19.58		9.82
						S		Scatec	21.767	Thu	-1.77	22.477	-3.16	17.050	5.427	31.83		2.65
						S		Xinyi Solar	1.240	Thu	-2.01	1.238	0.19	1.078	0.160	14.85		-3.88
								SMA Solar	45.164	10:55	-2.13	47.790	-5.49	39.076	8.715	22.30		12.53
						S		BCPG	0.394	Thu	-2.16	0.406	-2.86	0.371	0.035	9.49		-4.64
								GCL Poly Energy	0.229	Thu	-2.46	0.229		0.036	0.193	529.86		327.92
						S		Azure Power Global	17.659	Thu	-2.48	18.450	-4.29	19.989	-1.539	-7.70		-19.37
						S		JinkoSolar	27.437	Thu	-2.80	27.221	0.79	20.226	6.995	34.58		-6.62
								First Solar	62.727	Thu	-3.00	64.940	-3.41	69.653	-4.713	-6.77		-2.03
								Enphase Energy	105.402	Thu	-3.50	106.257	-0.80	66.777	39.480	59.12		23.63
								Daqo New Energy	64.949	Thu	-4.32	64.904	0.07	22.682	42.222	186.15		142.68
						S		SolarEdge	187.326	Thu	-4.45	191.914	-2.39	191.919	-0.005	-0.00		-5.62
								SunPower	19.116	Thu	-4.54	19.287	-0.89	11.060	8.227	74.39		40.91
								⇓instrument	freshest		Δday	5/10/21	⇓ Δwk	8/24/20	prc diff	⇓ Δ37		⇓∅-RS
								ReneSola	6.450	Thu	-6.15	6.774	-4.78	2.021	4.753	235.20		169.43
								Canadian Solar	31.980	Thu	-6.72	33.626	-4.90	24.632	8.994	36.51		13.09
								Maxeon Solar	13.718	Thu	-7.29	13.997	-1.99					-na-
						S		Sunrun	35.650	Thu	-7.71	36.702	-2.87	46.423	-9.721	-20.94		-3.89
								Shoals Technologies	23.209	Thu	-8.05	26.465	-12.30					-na-
								Sunnova Energy	23.461	Thu	-9.00	24.909	-5.81	21.428	3.482	16.25		-2.45
PPVX - 26 out of 30 instruments rated - 5/10/21 / 8/24/20 - 20 did rise, Market-Ratio(37) in CHF = 76.92 %

 

Technical Chart

	PPVX RS = 37 - B/S = 52/31
1/02/17	scale up chart	5/10/21

 

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	5/13/21	745				Enphase Energy	100	7,382,755		10.408	105.402		94.994	913	778m	211
accum	11/13/06	5/13/21	5296	days out of 5611 invested (94%)										7,781,503		778m	117

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	5/13/21	745	10.41	105.40		94.99	912.66			912.66
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

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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