Model

Model-df

AIC

BIC

t-df

GARCH

3

−86133.62

−86113.80

GARCH-t

4

−86332.11

−86305.68

11.35

EGARCH-t

6

−86359.50

−86432.02

11.61

APGARCH

5

−86169.02

−86319.85

APGARCH-t

6

−86363.79

−86324.14

11.63

GJR-GARCH

4

−86171.55

−86145.12

GJR-GARCH-t

5

−86351.47

−86332.43

11.63