| Variables | Number of Samples | Mean | Standard Deviation | Min | Maximum |
| FTQ | 2740 | 0.0187 | 0.0724 | −0.2743 | 0.3604 |
| Condition | 2740 | 0.5558 | 0.497 | 0 | 1 |
| LnTNA | 2740 | 20.7563 | 1.4714 | 16.2117 | 23.9896 |
| Turnover | 2740 | 3.2387 | 2.9907 | 0.0728 | 31.2548 |
| Fund_VOL | 2740 | 0.0235 | 0.0082 | 0.0007 | 0.0557 |
| Fund_BM | 2740 | 0.4012 | 0.1322 | 0.0077 | 0.8477 |
| Fund_ROA | 2740 | 0.06 | 0.0237 | −0.0088 | 0.168 |
| Difbeta | 2740 | −0.0075 | 0.2233 | −0.8591 | 0.7632 |
| Difsize | 2740 | 0.2201 | 0.2869 | −0.9352 | 0.8862 |
| Difturnover | 2740 | −0.0661 | 0.2465 | −0.8215 | 0.9081 |
| Difbm | 2740 | 0.0066 | 0.3064 | −0.8858 | 0.9163 |