Var.

By Var.

Spearman ρ

0

HRT

TIP

−0.4146

SEL

SMB

0.4087

CL1

SEL

0.7731

PR1

COS

−0.4466

CUR

USO

0.5232

CUR

SEL

−0.3915

FRT

COS

0.4443

CUL

HRT

0.4255

CUL

COS

0.4371

CUL

PR1

−0.5139

COM

COS

−0.3988

COM

SEL

0.4223

COM

HNG

−0.4334

COM

CUR

−0.6129

COM

FRT

−0.6109

MER

USO

0.3964

MER

PR1

0.5144

MER

CUR

0.6694

CMP

CUR

0.6638

CMP

COM

−0.4496

CMP

CL1

0.5351

MEJ

COM

−0.4317

MEJ

CMP

0.4016