Port1

Port2

Port3

Port4

Port5

Port6

Port7

Port8

Port9

Port10

High-Low

excess return

−0.0025

−0.0001

−0.0002

0.0012

0.0004

0.0007

0.001

0.0014

0.0004

−0.0021

0.0004

t-stats

−0.9784

−0.0812

−0.1958

1.5512

0.6142

0.9688

0.9618

1.1116

0.2762

−1.1275

0.1102

ff3-alpha

0.0009

0.0019

0.0008

0.0015

0

0

0

0.0001

−0.0009

−0.0042

−0.0051

t-stats

0.5884

2.0154

1.0874

1.8335

−0.0634

−0.0172

0.0455

0.1015

−0.8561

−2.7312

−2.0031