Event windows | |||||||||||
[−20; 0] | [−10; 0] | [−5; 0] | [−2; 0] | [−1; 0] | {0} | [−1; +1] | [−2; +2] | [−5; +5] | [−10; +10] | [−20; +20] | |
N | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
Min | −7.65% | −4.53% | −1.18% | −0.23% | 0.21% | 0.35% | −1.49% | 0.03% | −2.47% | −9.00% | −5.47% |
Max | 14.73% | 12.59% | 9.56% | 9.21% | 8.81% | 10.59% | 10.46% | 10.70% | 9.95% | 21.24% | 23.34% |
SD | 7.47% | 6.39% | 3.78% | 3.74% | 3.59% | 3.80% | 4.88% | 4.73% | 5.00% | 9.72% | 11.38% |
Median | 8.71% | 6.20% | 5.36% | 3.49% | 3.84% | 4.06% | 5.23% | 2.12% | 8.07% | 10.59% | 8.86% |
% > 0 | 87.50% | 75.00% | 87.50% | 87.50% | 100.00% | 100.00% | 75.00% | 100.00% | 75.00% | 75.00% | 75.00% |
CAAR | 7.08% | 5.28% | 5.00% | 4.12% | 4.17% | 4.57% | 4.91% | 4.60% | 5.58% | 8.60% | 9.45% |
One Sample t-Test t-Value | 2.68 | 2.34 | 3.74 | 3.11 | 3.29 | 3.41 | 2.85 | 2.75 | 3.16 | 2.50 | 2.35 |
** | ** | *** | *** | *** | *** | ** | ** | *** | ** | ** | |
Wilcoxon-Signed- Rank-Test T-Value | 4 | 5 | 1 | 1 | 0 | 0 | 4 | 0 | 3 | 3 | 6 |
** | ** | *** | *** | *** | *** | ** | *** | ** | ** | * |