Port1

Port2

Port3

Port4

Port5

Port6

Port7

Port8

Port9

Port10

High-Low

excess return

−0.002

−0.0001

−0.0002

0.0017

0.0017

0.0019

0.0002

0.0016

−0.0021

−0.0027

−0.0007

t-stats

−1.1589

−0.0528

−0.2193

2.1108

2.194

2.3711

0.2971

1.6896

−1.6272

−1.2543

−0.2182

ff3-alpha

−0.0028

−0.0011

−0.0008

0.0012

0.001

0.0015

0.0002

0.0021

−0.0009

−0.0003

0.0025

t-stats

−1.5545

−0.9501

−0.9353

1.8089

1.5524

2.0002

0.2713

2.1592

−0.7474

−0.1819

0.7977