Beta CRSP Only | Beta VW1 | Beta VW2 | CRSP Beta | HGCB Beta | LGCB Beta | LTGB Beta | STGB Beta | Post-Ranking Beta | Market Leverage | Book Debt Leverage | Book Assets Leverage | EDF | Empirical Asset Vol. | LN (BE/ME) | LN(ME) | |
Beta CRSP Only | 1 | 0.84 | 0.97 | 0.89 | −0.10 | 0.07 | 0.00 | 0.03 | 0.88 | −0.16 | −0.17 | −0.15 | 0.16 | 0.48 | −0.16 | −0.02 |
Beta VW1 | 0.84 | 1 | 0.94 | 0.59 | 0.01 | 0.24 | 0.07 | 0.04 | 0.73 | −0.09 | −0.10 | −0.07 | 0.13 | 0.36 | −0.11 | −0.01 |
Beta VW2 | 0.97 | 0.94 | 1 | 0.79 | −0.07 | 0.12 | 0.06 | 0.03 | 0.84 | −0.14 | −0.15 | −0.12 | 0.14 | 0.44 | −0.15 | 0.00 |
CRSP Beta | 0.89 | 0.59 | 0.79 | 1 | −0.23 | −0.14 | 0.05 | 0.10 | 0.79 | −0.18 | −0.19 | −0.17 | 0.14 | 0.46 | −0.16 | 0.00 |
HGCB Beta | −0.10 | 0.01 | −0.07 | −0.23 | 1 | −0.42 | −0.72 | −0.12 | −0.09 | 0.07 | 0.06 | 0.04 | −0.02 | −0.12 | 0.06 | −0.01 |
LGCB Beta | 0.07 | 0.24 | 0.12 | −0.14 | −0.42 | 1 | 0.15 | −0.04 | 0.11 | 0.01 | 0.01 | −0.01 | 0.08 | 0.10 | 0.01 | −0.14 |
LTGB Beta | 0.00 | 0.07 | 0.06 | 0.05 | −0.72 | 0.15 | 1 | −0.15 | −0.04 | −0.04 | −0.01 | 0.03 | −0.04 | 0.02 | −0.06 | 0.10 |
STGB Beta | 0.03 | 0.04 | 0.03 | 0.10 | −0.12 | −0.04 | −0.15 | 1 | 0.01 | −0.01 | −0.02 | −0.03 | −0.01 | 0.00 | 0.02 | 0.02 |
Post-Ranking Beta | 0.88 | 0.73 | 0.84 | 0.79 | −0.09 | 0.11 | −0.04 | 0.01 | 1 | −0.11 | −0.16 | −0.20 | 0.29 | 0.51 | −0.05 | −0.35 |
Market Leverage | −0.16 | −0.09 | −0.14 | −0.18 | 0.07 | 0.01 | −0.04 | −0.01 | −0.11 | 1 | 0.87 | 0.67 | 0.44 | −0.62 | 0.55 | −0.13 |
Book Debt Leverage | −0.17 | −0.10 | −0.15 | −0.19 | 0.06 | 0.01 | −0.01 | −0.02 | −0.16 | 0.87 | 1 | 0.83 | 0.34 | −0.55 | 0.55 | −0.08 |
Book Assets Leverage | −0.15 | −0.07 | −0.12 | −0.17 | 0.04 | −0.01 | 0.03 | −0.03 | −0.20 | 0.67 | 0.83 | 1 | 0.15 | −0.47 | 0.11 | 0.14 |
EDF | 0.16 | 0.13 | 0.14 | 0.14 | −0.02 | 0.08 | −0.04 | −0.01 | 0.29 | 0.44 | 0.34 | 0.15 | 1 | 0.11 | 0.31 | −0.42 |
Empirical Asset Vol. | 0.48 | 0.36 | 0.44 | 0.46 | −0.12 | 0.10 | 0.02 | 0.00 | 0.51 | −0.62 | −0.55 | −0.47 | 0.11 | 1 | −0.36 | −0.23 |
LN (BE/ME) | −0.16 | −0.11 | −0.15 | −0.16 | 0.06 | 0.01 | −0.06 | 0.02 | −0.05 | 0.55 | 0.55 | 0.11 | 0.31 | −0.36 | 1 | −0.35 |
LN(ME) | −0.02 | −0.01 | 0.00 | 0.00 | −0.01 | −0.14 | 0.10 | 0.02 | −0.35 | −0.13 | −0.08 | 0.14 | −0.42 | −0.23 | −0.35 | 1 |