Significance of regression results in various scenarios
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
| Dependent variable | Stock performance end price | Long-term trend | High frequency | Low frequency |
| Independent variable | ||||
| Price/earnings | 6.301*** (0.000) | −2.998*** (0.005) | 1.235 (0.226) | 9.048*** (0.000) |
| EBIT/interest expense | −0.437 (0.665) | −1.581 (0.124) | −2.078** (0.046) | 2.680** (0.012) |
| Quick ratio | −3.944*** (0.000) | −4.526*** (0.000) | −2.976*** (0.006) | 0.212 (0.828) |
| Net margin | 1.136 (0.264) | 1.745* (0.091) | 2.320** (0.027) | −2.054** (0.048) |
| Return on equity | 3.322*** (0.002) | −7.418*** (0.000) | 0.302 (0.765) | 8.128*** (0.000) |
| Sales | −0.269 (0.790) | −3.571*** (0.001) | 1.313 (0.198) | −0.178 (0.860) |
| Tropical storms | 1.568 (0.127) | 0.571 (0.572) | 1.777* (0.085) | −0.187 (0.852) |
| Hurricanes | 1.292 (0.206) | 0.771 (0.447) | 1.529 (0.136) | −0.384 (0.704) |
| Itinerary change due to mechanical malfunctions | 1.657 (0.107) | −0.840 (0.407) | −2.788*** (0.009) | 6.169*** (0.000) |
| Mechanical problems | 2.405** (0.022) | 0.389 (0.700) | 1.545 (0.132) | 1.384 (0.176) |
| Collisions | 0.057 (0.955) | −1.371 (0.180) | −0.890 (0.380) | 1.847* (0.074) |
| Fire | 1.920* (0.064) | −1.214 (0.234) | 0.606 (0.548) | 2.629** (0.013) |
| Propulsion problems | 2.071** (0.047) | −1.603 (0.119) | 0.809 (0.424) | 2.796*** (0.009) |
| Others | 3.017** (0.005) | −0.866 (0.393) | 1.709* (0.097) | 2.694** (0.011) |
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
| Dependent variable | Stock performance end price | Long-term trend | High frequency | Low frequency |
| Price/earnings | 6.301 | −2.998 | 1.235 (0.226) | 9.048 |
| EBIT/interest expense | −0.437 (0.665) | −1.581 (0.124) | −2.078 | 2.680 |
| Quick ratio | −3.944 | −4.526 | −2.976 | 0.212 (0.828) |
| Net margin | 1.136 (0.264) | 1.745 | 2.320 | −2.054 |
| Return on equity | 3.322 | −7.418 | 0.302 (0.765) | 8.128 |
| Sales | −0.269 (0.790) | −3.571 | 1.313 (0.198) | −0.178 (0.860) |
| Tropical storms | 1.568 (0.127) | 0.571 (0.572) | 1.777 | −0.187 (0.852) |
| Hurricanes | 1.292 (0.206) | 0.771 (0.447) | 1.529 (0.136) | −0.384 (0.704) |
| Itinerary change due to mechanical malfunctions | 1.657 (0.107) | −0.840 (0.407) | −2.788 | 6.169 |
| Mechanical problems | 2.405 | 0.389 (0.700) | 1.545 (0.132) | 1.384 (0.176) |
| Collisions | 0.057 (0.955) | −1.371 (0.180) | −0.890 (0.380) | 1.847 |
| Fire | 1.920 | −1.214 (0.234) | 0.606 (0.548) | 2.629 |
| Propulsion problems | 2.071 | −1.603 (0.119) | 0.809 (0.424) | 2.796 |
| Others | 3.017 | −0.866 (0.393) | 1.709 | 2.694 |
Notes:
Denotes that independent variable is significant at 90% confidence level;
denotes 95% confidence level ;
denotes 99% confidence level
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