Port1

Port2

Port3

Port4

Port5

Port6

Port7

Port8

Port9

Port10

High-Low

excess return

0.000

0.0003

0.0003

0.0004

0.0024

0.001

−0.0003

0.0001

−0.001

−0.0033

−0.0034

t-stats

0.0915

0.233

0.3128

0.5255

3.552

1.8938

−0.3788

0.1457

−0.8692

−1.635

−1.0287

ff3-alpha

−0.0004

−0.0001

−0.0002

0

0.0023

0.0007

0

0.0003

−0.0004

−0.0022

−0.0019

t-stats

−0.241

−0.1357

−0.2693

0.0379

3.696

1.3319

−0.0291

0.4148

−0.38

−1.393

−0.6634