Return	k	Unadjusted			Adjusted
Return	k	VR	M₁	M₂	VR	M₁	M₂
r₁	2	0.8581	−3.7721***	−1.4101	1.0249	0.7435	0.3947
	5	0.7497	−3.0381***	−1.2335	0.8257	−2.3784**	−1.2819
	10	0.6930	−2.4179**	−1.1485	0.8663	−1.1836	−0.6698
	20	0.6470	−1.8887	−1.0845	0.7488	−1.5112	−0.9041
	40	0.7214	−1.0336	−0.7015	0.6731	−1.3642	−0.8420
r₂	2	1.0537	1.9258	1.0292	1.0564	2.0214**	1.0790
	5	0.9315	−1.1201	−0.6121	0.9339	−1.0816	−0.5901
	10	0.9523	−0.5065	−0.2904	0.9548	−0.4797	−0.2746
	20	0.8044	−1.4109	−0.8728	0.8003	−1.4403	−0.8930
	40	0.7047	−1.4773	−0.9800	0.7054	−1.4739	−0.9811
r₃	2	1.0247	0.7384	0.3921	1.0249	0.7435	0.3947
	5	0.8256	−2.3801**	−1.2831	0.8257	−2.3784**	−1.2819
	10	0.8662	−1.1850	−0.6707	0.8663	−1.1836	−0.6698
	20	0.7488	−1.5113	−0.9044	0.7488	−1.5112	−0.9041
	40	0.6729	−1.3646	−0.8424	0.6731	−1.3642	−0.8420