M1

M2

M3

Mean

0.4682

0.4905

0.5532

Median

0.4233

0.4763

0.5540

Maximum

5.9297

2.7625

2.0181

Minimum

−3.2562

−0.8031

−0.4295

Std. Dev.

0.8353

0.3803

0.3767

Skewness

1.5996

1.4719

0.2463

Kurtosis

12.8138

9.6668

3.4505

Jarque-Bera

1780.23 [0.0000]^***

887.42 [0.0000]^***

5.81 [0.0546]^*