Country | Raw return (%) | One-factor alpha (%) | Four-factor alpha (%) | Size ($ million) | Family size ($ million) | Age | TSC (%) | SMB | HML | Countries sold |
Argentina | 4.04 | −1.44 | −0.95 | 10.35 | 45.29 | 11.58 | 2.94 | 0.29 | 0.09 | 1.00 |
Australia | 1.78 | −0.39 | −0.16 | 182.51 | 5,083.50 | 9.81 | 1.65 | −0.09 | −0.04 | 1.14 |
Brazil | 0.13 | −3.03 | −4.01 | 76.30 | 4,312.31 | 7.72 | 1.79 | 0.20 | −0.17 | 1.00 |
Canada | 1.57 | −0.68 | −0.64 | 256.11 | 12,744.06 | 11.75 | 3.20 | 0.04 | −0.01 | 1.00 |
France | 1.60 | −0.70 | −0.69 | 160.94 | 7,240.96 | 11.85 | 2.32 | 0.05 | −0.06 | 1.64 |
Germany | 1.78 | −0.71 | −0.68 | 317.03 | 13,046.04 | 13.72 | 2.40 | 0.04 | −0.12 | 1.88 |
Hong Kong | 2.01 | 0.33 | 0.08 | 245.93 | 3,794.30 | 12.31 | 2.31 | 0.03 | −0.14 | 2.35 |
Ireland | 1.66 | −0.44 | −0.40 | 350.32 | 5,782.31 | 8.52 | 2.44 | 0.10 | −0.07 | 7.87 |
Japan | 2.03 | −0.63 | −0.57 | 122.68 | 16,802.76 | 9.16 | 1.86 | 0.15 | 0.01 | 1.00 |
Norway | 2.65 | −0.19 | 0.13 | 200.38 | 3,215.97 | 11.43 | 1.66 | 0.16 | 0.01 | 1.62 |
Switzerland | 1.74 | −0.36 | −0.05 | 298.74 | 15,561.96 | 11.79 | 1.71 | 0.08 | −0.10 | 1.29 |
UK | 2.25 | −0.07 | 0.01 | 480.71 | 10,734.98 | 15.13 | 2.11 | 0.22 | −0.08 | 2.04 |
US | 1.80 | −0.28 | −0.04 | 1,531.33 | 63,059.61 | 13.68 | 1.59 | 0.18 | −0.01 | 1.06 |
All countries | 1.76 | −0.53 | −0.44 | 688.13 | 28,365.02 | 12.09 | 1.99 | 0.12 | −0.04 | 1.58 |