Port1

Port2

Port3

Port4

Port5

Port6

Port7

Port8

Port9

Port10

High-Low

excess return

0.0005

0.001

0.0005

0.0007

0.0024

0.0021

0.0002

−0.0001

−0.0013

−0.0059

−0.0064

t-stats

0.3197

0.7822

0.5857

0.9174

2.8793

3.0296

0.3003

−0.0891

−1.0039

−2.6195

−1.841

ff3-alpha

0.0003

0.0003

0

0.0001

0.0019

0.0016

0.0001

−0.0001

−0.0005

−0.0037

−0.004

t-stats

0.188

0.2538

−0.0604

0.1691

2.5998

2.5973

0.1862

−0.0658

−0.3638

−2.1062

−1.2844