Correlations between all predictor variables of all datasets
| X1 | X2 | X3 | X4 | X5 | CR | CLTL | NIS | TETA | ROA | ROE | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Correlations of Full Dataset | |||||||||||
| X1 | 1 | ||||||||||
| X2 | 0.236** | 1 | |||||||||
| X3 | 0.129** | 0.309** | 1 | ||||||||
| X4 | 0.191** | 0.118** | 0.153** | 1 | |||||||
| X5 | −0.025 | 0.167** | 0.224** | 0.144** | 1 | ||||||
| CR | 0.279** | −0.002 | −0.035 | −0.006 | −0.265* | 1 | |||||
| CLTL | 0.063* | 0.091** | 0.072* | 0.598** | 0.175** | −0.208** | 1 | ||||
| NIS | 0.047 | 0.112** | 0.162** | 0.023 | 0.017 | 0.001 | 0.019 | 1 | |||
| TETA | 0.490** | 0.450** | 0.172** | 0.381** | 0.068* | 0.008 | 0.263** | 0.152** | 1 | ||
| ROA | 0.293** | 0.394** | 0.512** | 0.337** | 0.372** | −0.047 | 0.202** | 0.361** | 0.445** | 1 | |
| ROE | 0.023 | 0.085** | 0.161** | 0.047 | 0.269** | −0.031 | 0.023 | −0.007 | −0.063* | 0.277** | 1 |
| Correlations of Training Dataset | |||||||||||
| X1 | 1 | ||||||||||
| X2 | 0.043 | 1 | |||||||||
| X3 | 0.175** | 0.217** | 1 | ||||||||
| X4 | 0.199** | 0.091* | 0.238** | 1 | |||||||
| X5 | −0.063 | 0.148** | 0.453** | 0.145** | 1 | ||||||
| CR | 0.294** | −0.008 | −0.108* | −0.039 | −0.292** | 1 | |||||
| CLTL | 0.096* | 0.074 | 0.117** | 0.702** | 0.156** | −0.180** | 1 | ||||
| NIS | 0.046 | 0.112* | 0.433** | 0.023 | 0.024 | −0.029 | 0.024 | 1 | |||
| TETA | 0.354** | 0.348** | 0.297** | 0.418** | 0.076 | −0.040 | 0.281** | 0.198** | 1 | ||
| ROA | 0.202** | 0.303** | 0.872** | 0.319** | 0.397** | −0.077 | 0.182** | 0.550** | 0.394** | 1 | 0. |
| ROE | −0.015 | 0.067 | 0.262** | 0.041 | 0.380** | −0.063 | 0.021 | −0.138** | −0.161** | 0.259** | 1 |
| Correlations of Testing Dataset | |||||||||||
| X1 | 1 | ||||||||||
| X2 | 0.504** | 1 | |||||||||
| X3 | 0.105* | 0.469** | 1 | ||||||||
| X4 | 0.165** | 0.136** | 0.103* | 1 | |||||||
| X5 | −0.010 | 0.186** | 0.105* | 0.133** | 1 | ||||||
| CR | 0.249** | 0.016 | −0.001 | 0.048 | −0.250** | 1 | |||||
| CLTL | −0.033 | 0.170** | 0.028 | 0.278** | 0.385** | −0.482** | 1 | ||||
| NIS | 0.108* | 0.227** | 0.071 | 0.029 | −0.010 | 0.029 | 0.019 | 1 | |||
| TETA | 0.594** | 0.648** | 0.119** | 0.330** | 0.059 | 0.031 | 0.356** | 0.280** | 1 | ||
| ROA | 0.381** | 0.569** | 0.355** | 0.301** | 0.324** | −0.014 | 0.217** | 0.265** | 0.507** | 1 | 0. |
| ROE | 0.062 | 0.106* | 0.125** | 0.058 | 0.195** | −0.002 | 0.020 | 0.115* | 0.007 | 0.324** | 1 |
| CR | CLTL | NIS | TETA | ROA | ROE | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | |||||||||||
| 0.236** | 1 | ||||||||||
| 0.129** | 0.309** | 1 | |||||||||
| 0.191** | 0.118** | 0.153** | 1 | ||||||||
| −0.025 | 0.167** | 0.224** | 0.144** | 1 | |||||||
| 0.279** | −0.002 | −0.035 | −0.006 | −0.265* | 1 | ||||||
| 0.063* | 0.091** | 0.072* | 0.598** | 0.175** | −0.208** | 1 | |||||
| 0.047 | 0.112** | 0.162** | 0.023 | 0.017 | 0.001 | 0.019 | 1 | ||||
| 0.490** | 0.450** | 0.172** | 0.381** | 0.068* | 0.008 | 0.263** | 0.152** | 1 | |||
| 0.293** | 0.394** | 0.512** | 0.337** | 0.372** | −0.047 | 0.202** | 0.361** | 0.445** | 1 | ||
| 0.023 | 0.085** | 0.161** | 0.047 | 0.269** | −0.031 | 0.023 | −0.007 | −0.063* | 0.277** | 1 | |
| 1 | |||||||||||
| 0.043 | 1 | ||||||||||
| 0.175** | 0.217** | 1 | |||||||||
| 0.199** | 0.091* | 0.238** | 1 | ||||||||
| −0.063 | 0.148** | 0.453** | 0.145** | 1 | |||||||
| 0.294** | −0.008 | −0.108* | −0.039 | −0.292** | 1 | ||||||
| 0.096* | 0.074 | 0.117** | 0.702** | 0.156** | −0.180** | 1 | |||||
| 0.046 | 0.112* | 0.433** | 0.023 | 0.024 | −0.029 | 0.024 | 1 | ||||
| 0.354** | 0.348** | 0.297** | 0.418** | 0.076 | −0.040 | 0.281** | 0.198** | 1 | |||
| 0.202** | 0.303** | 0.872** | 0.319** | 0.397** | −0.077 | 0.182** | 0.550** | 0.394** | 1 | 0. | |
| −0.015 | 0.067 | 0.262** | 0.041 | 0.380** | −0.063 | 0.021 | −0.138** | −0.161** | 0.259** | 1 | |
| 1 | |||||||||||
| 0.504** | 1 | ||||||||||
| 0.105* | 0.469** | 1 | |||||||||
| 0.165** | 0.136** | 0.103* | 1 | ||||||||
| −0.010 | 0.186** | 0.105* | 0.133** | 1 | |||||||
| 0.249** | 0.016 | −0.001 | 0.048 | −0.250** | 1 | ||||||
| −0.033 | 0.170** | 0.028 | 0.278** | 0.385** | −0.482** | 1 | |||||
| 0.108* | 0.227** | 0.071 | 0.029 | −0.010 | 0.029 | 0.019 | 1 | ||||
| 0.594** | 0.648** | 0.119** | 0.330** | 0.059 | 0.031 | 0.356** | 0.280** | 1 | |||
| 0.381** | 0.569** | 0.355** | 0.301** | 0.324** | −0.014 | 0.217** | 0.265** | 0.507** | 1 | 0. | |
| 0.062 | 0.106* | 0.125** | 0.058 | 0.195** | −0.002 | 0.020 | 0.115* | 0.007 | 0.324** | 1 | |
Note(s): ** Correlation is significant at the 0.01 level and * Correlation is significant at the 0.05 level
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