One-Year BHR

One-Year BHAR

Equally Weighted (EW)

−9.66%

−20.64%

Value Weighted (VW)

−31.18%

−15.32%

R

0.819

0.523

R²

0.671

0.273

Adjusted R²

0.628

0.251

Std. Error of Estimate

0.193

0.242

P−value

0.000

0.001