9 | 0.34 | 0.25 | 0.26 | 1.76 | 2.75 | 2.59 | 0.37 | 1.63 | 0.38 | 1.91 | 18.47 | 4.93 | −0.70 |
High Beta | 0.31 | 0.22 | 0.25 | 2.37 | 3.66 | 3.48 | 0.43 | 1.86 | 0.46 | 2.36 | 16.65 | 4.75 | −0.88 |
High-Low | −0.13 | −0.16 | −0.12 | 2.15 | 3.18 | 3.13 | 0.26 | 1.10 | 0.25 | 1.18 | −4.73 | 0.10 | −0.49 |
Panel F | |||||||||||||
BETA VW1-Large Low Grade Bond Weight in Market Portfolio | |||||||||||||
Low Beta | 0.39 | 0.30 | 0.30 | 0.40 | 0.18 | 0.38 | 0.02 | 0.89 | 0.26 | 1.46 | 20.64 | 4.37 | −0.50 |
2 | 0.40 | 0.32 | 0.32 | 0.63 | 0.81 | 0.84 | 0.09 | 0.94 | 0.23 | 1.04 | 24.57 | 5.03 | −0.47 |
3 | 0.40 | 0.33 | 0.33 | 0.75 | 1.10 | 1.06 | 0.12 | 1.00 | 0.23 | 0.98 | 25.51 | 5.27 | −0.46 |
4 | 0.40 | 0.32 | 0.33 | 0.87 | 1.34 | 1.26 | 0.17 | 1.07 | 0.24 | 1.01 | 25.50 | 5.38 | −0.48 |
5 | 0.39 | 0.31 | 0.31 | 1.00 | 1.57 | 1.45 | 0.22 | 1.15 | 0.25 | 1.13 | 24.91 | 5.33 | −0.50 |
6 | 0.38 | 0.30 | 0.30 | 1.13 | 1.81 | 1.66 | 0.25 | 1.23 | 0.27 | 1.23 | 24.06 | 5.30 | −0.53 |
7 | 0.37 | 0.29 | 0.29 | 1.27 | 2.07 | 1.89 | 0.31 | 1.32 | 0.29 | 1.39 | 22.72 | 5.24 | −0.56 |
8 | 0.37 | 0.28 | 0.29 | 1.45 | 2.40 | 2.18 | 0.38 | 1.43 | 0.32 | 1.63 | 20.48 | 5.08 | −0.60 |
9 | 0.36 | 0.27 | 0.28 | 1.69 | 2.87 | 2.57 | 0.47 | 1.58 | 0.36 | 1.91 | 18.48 | 4.91 | −0.65 |
High Beta | 0.32 | 0.24 | 0.26 | 2.17 | 3.99 | 3.43 | 0.76 | 1.78 | 0.44 | 2.34 | 15.96 | 4.63 | −0.83 |
High-Low | −0.06 | −0.06 | −0.04 | 1.77 | 3.81 | 3.05 | 0.74 | 0.88 | 0.18 | 0.88 | −4.68 | 0.26 | −0.33 |