|
| For Developed Markets | ||
| RET | SQR | ABS | |
| Test statistic | 2.004 | 45.5486 | 42.5659 |
| Two-tailed p-value | 0.075 | 5.928e−012 | 1.088e−011 |
| One-tailed p-value | 0.037 | 2.964e−012 | 5.438e−012 |
|
| For Emerging Markets | ||
| Test statistic | 3.85108 | 33.0184 | 27.5554 |
| Two-tailed p-value | 0.0039 | 1.056e−010 | 5.298e−010 |
| One-tailed p-value | 0.00195 | 5.278e−011 | 2.649e−010 |