| ΔVIX | Coeff. | Z | P > |z| |
| ΔVIX |
|
|
|
| L1. | 0.016288 | 0.06 | 0.949 |
| L2. | 0.0643358 | 0.25 | 0.801 |
| ΔVDAX-NEW |
|
|
|
| L1. | 0.0829666 | 0.33 | 0.741 |
| L2. | −0.3336989 | −1.33 | 0.185 |
| cons. | −0.0952593 | −0.16 | 0.872 |
| ΔVDAX-NEW | Coeff. | Z | P > |z| |
| ΔVIX |
|
|
|
| L1. | 0.5111259 | | 0.045 |
| L2. | 0.2411362 | 0.95 | 0.344 |
| ΔVDAX-NEW |
|
|
|
| L1. | −0.415949 | −1.66 | 0.098 |
| L2. | −0.5127631 | −2.04 | 0.041 |