Port1

Port2

Port3

Port4

Port5

Port6

Port7

Port8

Port9

Port10

High-Low

excess return

−0.002

−0.0009

−0.0003

0.0017

0.0008

0.001

0.0023

0.0004

−0.0002

−0.0025

−0.0005

t-stats

−1.3982

−0.8059

−0.2999

1.9126

1.0487

1.3769

3.139

0.5275

−0.1667

−1.3053

−0.1867

ff3-alpha

−0.0029

−0.0016

−0.0007

0.0014

0.0005

0.0008

0.0022

0.001

0.0005

−0.0011

0.0018

t-stats

−1.8877

−1.3997

−0.758

1.8758

0.666

1.2592

3.1171

1.1819

0.4803

−0.6562

0.6485