R_1

R_2

R_3

R_SH

Mean

0.003484

−0.014249

−0.003031

0.006860

Maximum

9.536276

9.658977

9.696171

5.554206

Minimum

−10.57588

−10.64295

− 10.63575

−8.039173

Std. Dev.

2.518189

3.141480

3.092318

1.200679

Skewness

−0.069854

0.050789

0.182281

−0.927072

Kurtosis

6.506212

5.196194

5.470134

9.553869

Jarque-Bera

749.557***

294.245***

379.523***

2824.055***

Q (6)

17.013***

27.846***

3.3998

15.014**

F-statistic

26.413***

74.856***

72.856***

24.314***

n×R²

75.349***

195.042***

190.511***

69.646***

Observations

1461

1461

1461

1461