|
| Mean | Med. | Max. | Min. | St.De. | Ske. | Kur. | P |
| Panel A: Excess Returns of US Sector of Services | ||||||||
| US | 1.00 | 1.74 | 22.22 | −19.16 | 5.98 | −0.30 | 3.97 | 0.00 |
| Panel B: US 5 factors | ||||||||
| ME | 0.65 | 1.19 | 11.35 | −17.23 | 4.27 | −0.68 | 4.26 | 0.00 |
| SMB | 0.19 | 0.07 | 18.73 | −15.28 | 3.11 | 0.47 | 8.05 | 0.00 |
| HML | 0.27 | −0.05 | 12.91 | −11.25 | 3.03 | 0.15 | 5.57 | 0.00 |
| RMW | 0.33 | 0.37 | 13.52 | −19.11 | 2.75 | −0.45 | 13.86 | 0.00 |
| CMA | 0.26 | 0.09 | 9.55 | −6.88 | 2.10 | 0.56 | 5.22 | 0.00 |
| Panel C: North American 5 factors | ||||||||
| ME | 0.65 | 1.14 | 11.54 | −18.42 | 4.25 | −0.72 | 4.55 | 0.00 |
| SMB | 0.18 | 0.12 | 16.48 | −13.54 | 2.79 | 0.33 | 7.59 | 0.00 |
| HML | 0.24 | 0.19 | 16.75 | −13.36 | 3.24 | 0.56 | 7.69 | 0.00 |
| RMW | 0.32 | 0.28 | 13.13 | −15.32 | 2.43 | 0.14 | 12.25 | 0.00 |
| CMA | 0.30 | 0.02 | 14.23 | −10.03 | 2.67 | 0.93 | 7.63 | 0.00 |
| Panel D: Global 5 factors | ||||||||
| ME | 0.45 | 0.86 | 11.45 | −19.54 | 4.33 | −0.70 | 4.62 | 0.00 |
| SMB | 0.12 | 0.08 | 8.00 | −8.43 | 1.98 | −0.34 | 5.20 | 0.00 |
| HML | 0.33 | 0.22 | 11.65 | −9.54 | 2.29 | 0.54 | 8.17 | 0.00 |
| RMW | 0.34 | 0.34 | 6.10 | −5.44 | 1.46 | −0.04 | 5.06 | 0.00 |
| CMA | 0.26 | 0.06 | 9.60 | −6.55 | 1.89 | 0.66 | 6.92 | 0.00 |