Panel A: Descriptive Statistics | ||||||||||
Mean | Minimum | Maximum | S.D. | Skewness | Kurtosis | |||||
−0.0016884 | −0.0257076 | 0.0017182 | 0.0061489 | −3.559956 | 14.5254 | |||||
Panel B: Tests of Significance | ||||||||||
Quantiles | Tim | p-value (Tim) | t-statistic | p-value (t-statistic) | ||||||
5% | −0.0257*** | 0.00 | −11.91*** | 0.00 | ||||||
10% | −0.0024 | 0.37 | −1.21 | 0.62 | ||||||
25% | −0.0016 | 0.28 | −1 | 0.39 | ||||||
Mean | −0.0017 | 0.13 | −1.1 | 0.18 | ||||||
Median | −0.0003 | 0.46 | −0.23 | 0.46 | ||||||
75% | 0.0013 | 0.32 | 0.72 | 0.40 | ||||||
90% | 0.0015 | 0.47 | 0.73 | 0.64 | ||||||
95% | 0.0017 | 0.57 | 0.73 | 0.74 | ||||||