| Mean | Std Dev. | Med | Min | Max | t-Value | |
| BHR[t + 1, t + 36] | 100.1*** | 61.1 | 102.9 | 0.02 | 304.9 | 14.29 |
| BHR[t + 1, t + 48] | 103.5*** | 62.7 | 93.1 | 9.7 | 254.7 | 13.52 |
| BHR[t + 1, t + 60] | 112.4*** | 62.3 | 100.7 | 17.9 | 329.4 | 12.89 |
| Rolling BHR[t + 1, t + 36] | 95.1*** | 52.1 | 85.1 | 0.02 | 304.9 | 34.37 |