Port1

Port2

Port3

Port4

Port5

Port6

Port7

Port8

Port9

Port10

High-Low

excess return

−0.0024

−0.0012

0

−0.0002

0.001

0.001

0.0009

0.0012

0.0008

−0.001

0.0013

t-stats

−1.2727

−0.9332

−0.0427

−0.256

1.9786

1.4754

1.0263

1.1083

0.7392

−0.6656

0.4186

ff3-alpha

0.0008

0.0006

0.0008

0.0001

0.0007

0.0005

0.0004

0

−0.0006

−0.0033

−0.0042

t-stats

0.6113

0.6121

1.109

0.1361

1.4314

0.796

0.4297

0.0345

−0.6307

−2.5355

−1.7703