t

manufacturing

service

wholesale and retail

natural resources

mean

t-statistics

p-statistics

mean

t-statistics

p-statistics

mean

t-statistics

p-statistics

mean

t-statistics

p-statistics

−30

0.0025

(1.2156)

(0.2250)

0.0014

(0.3728)

(0.7097)

0.0063

(0.5711)

(0.5721)

0.0035

(0.4690)

(0.6420)

−29

−0.0003

(−0.1543)

(0.8775)

−0.0010

(−0.3090)

(0.7577)

−0.0046

(−0.4901)

(0.6275)

0.0040

(0.6300)

(0.5328)

−28

0.0013

(0.5417)

(0.5884)

0.0023

(0.5842)

(0.5598)

−0.0063

(−0.9163)

(0.3666)

−0.0034

(−0.5891)

(0.5596)

−27

0.0009

(0.2933)

(0.7695)

−0.0009

(−0.3192)

(0.7499)

0.0037

(0.3956)

(0.6951)

0.0088

(1.3681)

(0.1800)

−26

−0.0018

(−0.8736)

(0.3830)

0.0017

(0.7691)

(0.4427)

−0.0112**

(−2.3547)

(0.0250)

−0.0084**

(−2.2644)

(0.0298)

−25

0.0045

(1.4429)

(0.1501)

−0.0020

(−0.4842)

(0.6288)

−0.0005

(−0.1052)

(0.9169)

−0.0047

(−0.7405)

(0.4640)

−24

0.0008

(0.3160)

(0.7522)

−0.0019

(−0.7527)

(0.4525)

−0.0057

(−0.8787)

(0.3864)

0.0151**

(2.2822)

(0.0287)

−23

−0.0013

(−0.5992)

(0.5495)

−0.0006

(−0.1925)

(0.8475)

0.0056

(0.8893)

(0.3807)

−0.0033

(−0.4842)

(0.6312)

−22

−0.0051**

(−2.1857)

(0.0296)

−0.0007

(−0.2471)

(0.8051)

−0.0011

(−0.1902)

(0.8504)

−0.0002

(−0.0316)

(0.9750)

−21

0.0007

(0.3003)

(0.7641)

0.0067**

(2.3692)

(0.0188)

−0.0034

(−0.6013)

(0.5520)

−0.0034

(−0.7496)

(0.4585)

−20

−0.0009

(−0.3782)

(0.7055)

0.0012

(0.4024)

(0.6878)

−0.0085

(−1.2399)

(0.2243)

0.0033

(0.5191)

(0.6070)

−19

0.0042

(1.6266)

(0.1048)

−0.0053

(−1.3181)

(0.1890)

−0.0084

(−1.0141)

(0.3184)

−0.0047

(−0.9604)

(0.3435)

−18

0.0018

(0.7662)

(0.4442)

−0.0022

(−0.7041)

(0.4822)

−0.0055

(−1.1575)

(0.2559)

−0.0084

(−1.4640)

(0.1521)

−17

−0.0001

(−0.0520)

(0.9586)

0.0010

(0.2810)

(0.7790)

−0.0024

(−0.4880)

(0.6290)

−0.0037

(−0.9182)

(0.3648)

−16

−0.0031

(−1.2494)

(0.2124)

0.0053*

(1.7349)

(0.0843)

−0.0013

(−0.2327)

(0.8175)

0.0125**

(2.3072)

(0.0271)

−15

0.0002

(0.0774)

(0.9384)

−0.0008

(−0.3111)

(0.7560)

−0.0081

(−1.5668)

(0.1273)

−0.0101

(−1.5045)

(0.1414)

−14

0.0039

(1.4469)

(0.1489)

0.0006

(0.1994)

(0.8421)

−0.0043

(−0.9076)

(0.3711)

−0.0019

(−0.3739)

(0.7107)

−13

0.0005

(0.2115)

(0.8326)

−0.0011

(−0.4877)

(0.6263)

−0.0070

(−1.3172)

(0.1974)

0.0126**

(2.6651)

(0.0116)

−12

−0.0044*

(−1.7886)

(0.0746)

0.0001

(0.0401)

(0.9680)

−0.0064

(−1.2633)

(0.2159)

0.0024

(0.4515)

(0.6544)

−11

−0.0006

(−0.2413)

(0.8095)

−0.0027

(−1.0655)

(0.2879)

−0.0079

(−1.3485)

(0.1873)

0.0013

(0.2575)

(0.7983)

−10

−0.0010

(−0.4250)

(0.6711)

0.0002

(0.0669)

(0.9467)

−0.0104

(−1.6377)

(0.1116)

0.0037

(1.0010)

(0.3237)

−9

0.0005

(0.1803)

(0.8570)

−0.0010

(−0.4719)

(0.6375)

−0.0018

(−0.2761)

(0.7843)

−0.0043

(−0.8547)

(0.3985)

−8

−0.0005

(−0.2295)

(0.8186)

0.0018

(0.5670)

(0.5714)

−0.0010

(−0.1950)

(0.8467)

0.0031

(0.5229)

(0.6043)

−7

−0.0022

(−1.0080)

(0.3142)

0.0058

(1.3837)

(0.1680)

0.0102*

(1.8926)

(0.0678)

−0.0054

(−1.0964)

(0.2804)

−6

0.0027

(1.0183)

(0.3093)

−0.0021

(−0.7822)

(0.4350)

−0.0105

(−1.5032)

(0.1429)

0.0017

(0.2932)

(0.7711)

−5

−0.0007

(−0.3256)

(0.7450)

−0.0013

(−0.5186)

(0.6046)

−0.0029

(−0.5740)

(0.5701)

0.0040

(0.7850)

(0.4377)

−4

0.0037

(1.3630)

(0.1739)

−0.0028

(−0.8387)

(0.4026)

0.0140

(1.2209)

(0.2313)

0.0054

(0.7903)

(0.4347)

−3

−0.0009

(−0.3611)

(0.7183)

−0.0031

(−0.7791)

(0.4368)

0.0016

(0.2518)

(0.8028)

0.0052

(0.5243)

(0.6034)

−2

0.0030

(1.0392)

(0.2995)

−0.0029

(−1.2103)

(0.2276)

−0.0022

(−0.3391)

(0.7369)

−0.0065

(−0.6947)

(0.4918)

−1

−0.0006

(−0.3298)

(0.7418)

0.0057**

(1.9749)

(0.0496)

0.0027

(0.4548)

(0.6524)

−0.0101*

(−1.8004)

(0.0804)

0

−0.0094**

(−2.5470)

(0.0113)

−0.0096**

(−2.4738)

(0.0142)

−0.0104

(−1.3098)

(0.1999)

−0.0118

(−1.4695)

(0.1506)

1

−0.0040

(−1.5550)

(0.1210)

0.0039

(1.6472)

(0.1011)

0.0076

(1.3867)

(0.1754)

−0.0053

(−0.8818)

(0.3839)

2

−0.0015

(−0.5914)

(0.5547)

−0.0002

(−0.0590)

(0.9530)

−0.0062

(−0.6666)

(0.5099)

0.0133

(1.6651)

(0.1048)

3

0.0004

(0.1421)

(0.8871)

−0.0003

(−0.1004)

(0.9202)

0.0058

(1.3776)

(0.1782)

−0.0015

(−0.3809)

(0.7056)

4

−0.0025

(−1.0073)

(0.3146)

0.0018

(0.5690)

(0.5700)

0.0015

(0.2533)

(0.8017)

0.0021

(0.4722)

(0.6397)