| Skewed normal distribution | AIC | WLB test | WLM test | KS test |
| GARCH (1, 1) | −8.228 | 0.980 | 0.348 | 1.000 |
| EGARCH (1, 1) | −8.221 | 0.970 | 0.215 | 1.000 |
| IGARCH (1, 1) | −8.226 | 0.970 | 0.408 | 1.000 |
| GJR-GARCH (1, 1) | −8.227 | 0.977 | 0.407 | 1.000 |
| APARCH (1, 1) | −8.226 | 0.984 | 0.504 | 1.000 |
| Student's t distribution | AIC | WLB test | WLM test | KS test |
| GARCH (1, 1) | −8.229 | 0.981 | 0.416 | 1.000 |
| EGARCH (1, 1) | −8.221 | 0.971 | 0.166 | 1.000 |
| IGARCH (1, 1) | −8.227 | 0.976 | 0.322 | 1.000 |
| GJR-GARCH (1, 1) | −8.227 | 0.981 | 0.378 | 1.000 |
| APARCH (1, 1) | −8.208 | 0.979 | 0.714 | 1.000 |
| Skewed t distribution | AIC | WLB test | WLM test | KS test |
| GARCH (1, 1) | −8.228 | 0.981 | 0.331 | 1.000 |
| EGARCH (1, 1) | −8.221 | 0.971 | 0.160 | 1.000 |
| IGARCH (1, 1) | −8.226 | 0.937 | 0.324 | 1.000 |
| GJR-GARCH (1, 1) | −8.226 | 0.980 | 0.316 | 1.000 |
| APARCH (1, 1) | −8.210 | 0.985 | 0.675 | 1.000 |