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

Assessment - Photon Photovoltaik-Aktienindex in Dollar - 29/06/20 - RS = 37

		⇓instrument	freshest		Δday	29/06/20	⇓ Δwk	14/10/19	prc diff	⇓ Δ37	⇓∅-RS
	L	SOM Price Index	2,251.460	15:36	2.09	2,158.410	4.31	1,823.450	334.960	18.37	16.83
	L	United Renewable	0.256	05:30	9.75	0.217	18.00	0.268	-0.051	-19.08	-5.21
		Scatec Solar	16.855	14:25	6.51	15.659	7.64	12.614	3.045	24.14	20.46
	L	Meyer Burger	0.311	15:30	6.41	0.282	10.30	0.401	-0.120	-29.83	-6.04
	L	Solaria Energía	13.646	15:35	4.74	12.522	8.97	7.676	4.846	63.13	63.55
	L	Canadian Solar	20.190	14:31	4.45	19.030	6.10	18.790	0.240	1.28	-0.15
	L	Xinyi Solar	0.978	08:08	3.27	0.983	-0.52	0.603	0.380	63.06	54.64
		Edisun Power Europe	125.530	15:30	3.02	121.328	3.46	133.347	-12.019	-9.01	-1.75
	L	SunPower	7.855	14:30	2.95	7.470	5.15	9.655	-2.185	-22.63	-10.68
		GCL Poly Energy	0.029	08:08	2.74	0.029	0.90	0.042	-0.013	-31.60	-23.92
	L	Thai Solar Energy	0.098	09:36	2.72	0.094	4.14	0.081	0.013	16.08	10.68
	L	First Solar	50.300	14:30	2.46	49.610	1.39	56.490	-6.880	-12.18	-3.11
	L	Encavis	14.825	15:35	2.33	14.420	2.80	9.926	4.494	45.28	42.28
	L	Sunrun	20.290	14:32	2.27	19.520	3.94	17.210	2.310	13.42	27.98
	L	Solarpack	17.408	15:35	1.97	16.341	6.53	12.441	3.900	31.35	23.04
		SPCG	0.538	09:36	1.84	0.528	1.84	0.705	-0.176	-25.00	-10.73
	L	Neoen	41.386	15:35	1.66	40.656	1.80	25.312	15.344	60.62	36.12
		Sunnova Energy	17.770	14:31	1.48	17.550	1.25	10.090	7.460	73.93	-na-
	L	Vivint Solar	10.060	14:31	1.41	9.490	6.01	6.960	2.530	36.35	31.30
	L	JinkoSolar	19.050	14:31	1.33	17.900	6.42	16.010	1.890	11.81	-0.46
		Enphase Energy	49.710	14:32	1.32	47.450	4.76	24.750	22.700	91.72	63.63
	L	BCPG	0.509	09:36	1.29	0.502	1.29	0.609	-0.107	-17.50	-5.38
		SMA Solar	30.660	15:35	0.81	30.773	-0.36	27.374	3.399	12.42	2.35
	L	7C Solarparken	4.212	15:36	0.54	3.987	5.63	3.706	0.281	7.59	7.53
	L	SolarEdge	141.970	14:32	0.41	137.060	3.58	89.105	47.955	53.82	53.71
		⇓instrument	freshest		Δday	29/06/20	⇓ Δwk	14/10/19	prc diff	⇓ Δ37	⇓∅-RS
		Azure Power Global	16.000	14:07		15.850	0.95	12.310	3.540	28.76	23.98
		China Singyes Solar	0.085	08:08		0.076	11.86	0.088	-0.012	-13.45	-14.88
		Sino-American Sili	3.026	05:30	-0.11	3.026		2.917	0.109	3.74	3.92
	L	Daqo New Energy	85.750	14:32	-0.24	76.320	12.36	44.040	32.280	73.30	58.46
	L	West Holdings	19.648	06:15	-1.67	20.558	-4.42	12.483	8.074	64.68	53.81
		Panda Green Energy	0.017	08:08	-2.96	0.017	-2.24	0.029	-0.012	-40.25	-32.71
PPVX - 30 out of 30 instruments rated - 29/06/20 / 14/10/19 - 20 did rise, Market-Ratio(37) in USD = 66.67 %

Technical Chart

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

4/01/16	scale up chart	29/06/20

Transactions Photon Photovoltaik-Aktienindex in Dollar * 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
2/01/06		13/11/06	315		- cash -
short	13/11/06	5/02/07	84		Panda Green Energy	100	506,105	0.020	0.017	0.023	0.004	18	11,843	109
long	5/02/07	23/06/08	504		SunPower	100	258	45.790	82.650		36.860	80	21,353	53
short	23/06/08	6/07/09	378		JA Solar Energy	100	243	87.600	18.900	406.019	318.419	363	98,729	340
long	6/07/09	18/07/11	742		GCL Poly Energy	100	290,797	0.340	0.520		0.180	53	151,131	23
short	18/07/11	14/01/13	546		REC Silicon	100	11,563	13.070	2.152	79.381	66.311	507	917,883	234
long	14/01/13	6/10/14	630		SFCE	100	12,268,258	0.075	1.001		0.926	1,237	12,276,453	349
short	6/10/14	20/04/15	196		SMA Solar	100	489,904	25.059	15.762	39.840	14.781	59	19,517,538	137
long	20/04/15	11/05/15	21		Encavis	100	2,819,142	6.923	7.595		0.672	10	21,412,627	401
short	11/05/15	29/06/15	49		REC Silicon	100	9,119,556	2.348	2.200	2.506	0.158	7	22,857,257	63
long	29/06/15	27/07/15	28		Encavis	100	3,192,407	7.160	8.220		1.060	15	26,240,138	504
short	27/07/15	3/07/17	707		SFCE	100	76,738,684	0.342	0.056	2.076	1.734	507	159m	154
long	3/07/17	16/07/18	378		Panda Green Energy	100	1208,423,260	0.132	0.069		-0.063	-48	83,153,759	-47
short	16/07/18	29/04/19	287		Panda Green Energy	100	1208,423,260	0.069	0.043	0.111	0.042	61	134m	83
long	29/04/19	2/07/20	430		Enphase Energy	100	13,113,937	10.210	49.710		39.500	387	652m	283
accum	13/11/06	2/07/20	4980	days out of 5295 invested (94%)							6,518,838		652m	125

Instrument Related Contribution

instrument	L/S	date buy	date sell	days	prc buy	prc sell	ps short	prc diff	d %	total
SFCE	long	14/01/13	6/10/14	630	0.07	1.00		0.93	1,237.47
	short	27/07/15	3/07/17	707	0.34	0.06	2.08	1.73	507.15	8,020.48
REC Silicon	short	18/07/11	14/01/13	546	13.07	2.15	79.38	66.31	507.35
	short	11/05/15	29/06/15	49	2.35	2.20	2.51	0.16	6.75	548.33
Enphase Energy	long	29/04/19	2/07/20	430	10.21	49.71		39.50	386.88	386.88
JA Solar Energy	short	23/06/08	6/07/09	378	87.60	18.90	406.02	318.42	363.49	363.49
SunPower	long	5/02/07	23/06/08	504	45.79	82.65		36.86	80.50	80.50
SMA Solar	short	6/10/14	20/04/15	196	25.06	15.76	39.84	14.78	58.98	58.98
GCL Poly Energy	long	6/07/09	18/07/11	742	0.34	0.52		0.18	53.08	53.08
Encavis	long	20/04/15	11/05/15	21	6.92	7.60		0.67	9.71
	long	29/06/15	27/07/15	28	7.16	8.22		1.06	14.80	25.95
Panda Green Energy	short	13/11/06	5/02/07	84	0.02	0.02	0.02	0.00	18.43
	long	3/07/17	16/07/18	378	0.13	0.07		-0.06	-47.81
	short	16/07/18	29/04/19	287	0.07	0.04	0.11	0.04	61.02	-0.47

Annotations

27/03/20	PPVX	China Singyes Solar and Edisun Power Europe replace Motech and Terraform Power
28/12/19	PPVX	Motech replaces SFCE
8/11/19	PPVX	Neoen replaces REC Silicon
29/07/19	PPVX	Sunnova replaces Shinsung E&G
16/02/19	PPVX	7C Solarparken replaces China Singyes Solar
10/12/18	PPVX	SFCE and Solarapack replace Motech Industries and Green Energy Technology
1/10/18	PPVX	Thai Solar Energy returns for Gintech Energy (merger with Neo Solar Power)
20/07/18	PPVX	West Holdings replaces JA Solar
17/07/18	PPVX	JA Solar exits due to becoming private (mergered with JASO Acquisition Holding as wholly owner)
25/06/18	Green Energy T	returns replacing 8point3
21/06/18	8point3	drops out due to acquisition by Capital Dynamics
18/05/18	PPVX	Enphase Energy replaces Thai Solar Energy PCL (exit due to low stock market value)
27/02/18	Capital Stage	renames into Encavis (ENergy + CApital + VISion)
16/02/18	PPVX	Solaria Energía replaces SFCE (market value falls below exit threshold)
30/12/17	PPVX	Vivint Solar replaces TerraForm Global (acquired by Brookfield Asset Management)
11/08/17	PPVX	Shinsung E&G replaces Green Energy Technology
14/03/17	PPVX	Azure Power Global replaces Trina Solar
25/11/16	PPVX	Thai Solar Energy replaces SolarCity (acquired by Tesla)
4/11/16	PPVX	SPCG replaces SPI
8/10/16	Chorus	is replaced by BCPG
8/08/16	Capital Stage	acquires Chorus Clean Energy
3/06/16	PPVX	complete analysis - all techniques have been refreshed using new market composition
2/06/16	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
18/08/15	Solarenergie	complete analysis
1/07/15	Scatec Solar	monitoring started
	China Singyes	monitoring started
14/03/15	Solar Energy	first complete analysis


	is taking down something concerning