Descriptive statistics of FFA prices, trading volume, fixture demand, spot rates and earnings for different dry bulk sectors
| Variable | Mean | Median | Std. dev. | Skewness | Kurtosis | Normality | PP Test | ||
|---|---|---|---|---|---|---|---|---|---|
| Jarque-Bera | p-Val | PP Stat | p-Val | ||||||
| Capesize | |||||||||
| VOL | 10,752.000 | 10,002.000 | 4,548.472 | 0.838 | 3.902 | 47.401 | 0.000 | −9.820 | 0.000 |
| FIX | 6,523,324.000 | 5,704,875.000 | 3,001,588.000 | 0.856 | 3.229 | 39.073 | 0.000 | −3.086 | 0.029 |
| SR | 2,204.716 | 1,838.100 | 1,315.736 | 1.120 | 4.309 | 88.064 | 0.000 | −2.669 | 0.081 |
| EARNING | 18,237.300 | 12,333.340 | 14,747.610 | 1.449 | 5.064 | 165.623 | 0.000 | −3.774 | 0.004 |
| FFA-Q1 | 14,751.02 | 1,1750.00 | 9,287.83 | 1.397 | 4.235 | 120.980 | 0.000 | −1.918 | 0.324 |
| FFA-Q2 | 15,420.22 | 13,000.00 | 8,551.11 | 1.102 | 3.355 | 64.555 | 0.000 | −1.882 | 0.341 |
| FFA-Q3 | 15,818.01 | 13,000.00 | 8,350.24 | 1.398 | 5.217 | 164.971 | 0.000 | −3.358 | 0.013 |
| FFA-Q4 | 19,019.05 | 15,000.00 | 8,745.35 | 0.800 | 2.602 | 35.199 | 0.000 | −2.373 | 0.150 |
| Panamax | |||||||||
| VOL | 8,161.975 | 7,740.000 | 2,994.957 | 1.262 | 5.855 | 190.554 | 0.000 | −11.435 | 0.000 |
| FIX | 3,821,475.000 | 3,783,616.000 | 932,392.800 | 0.404 | 3.736 | 15.699 | 0.000 | −14.630 | 0.000 |
| SR | 1,449.577 | 1,080.200 | 926.528 | 1.310 | 4.112 | 106.383 | 0.000 | −2.435 | 0.133 |
| EARNING | 10,045.110 | 8,334.274 | 5,740.809 | 1.425 | 4.590 | 139.821 | 0.000 | −2.537 | 0.108 |
| FFA-Q1 | 11,091.21 | 9,175.00 | 5,739.18 | 1.233 | 3.763 | 86.311 | 0.000 | −1.243 | 0.657 |
| FFA-Q2 | 12,332.50 | 10,625.00 | 5,825.21 | 1.322 | 4.242 | 110.576 | 0.000 | −1.171 | 0.688 |
| FFA-Q3 | 10,857.76 | 9,200.00 | 5,318.81 | 1.319 | 3.955 | 102.004 | 0.000 | −1.624 | 0.469 |
| FFA-Q4 | 11,920.40 | 10,400.00 | 5,447.57 | 1.060 | 3.232 | 58.954 | 0.000 | −1.343 | 0.610 |
| Supramax | |||||||||
| VOL | 2,286.521 | 2,065.500 | 1,134.552 | 1.610 | 7.492 | 427.646 | 0.000 | −13.975 | 0.000 |
| FIX | 1,635,444.000 | 1,618,028.000 | 686,253.800 | 0.190 | 2.263 | 9.624 | 0.008 | −10.843 | 0.000 |
| SR | 1,211.996 | 1,011.633 | 580.352 | 1.056 | 3.605 | 67.545 | 0.000 | −1.582 | 0.491 |
| EARNING | 13,901.770 | 13,151.980 | 6,275.077 | 0.924 | 3.546 | 51.985 | 0.000 | −1.347 | 0.609 |
| FFA-Q1 | 11,408.15 | 10,387.50 | 4,288.96 | 0.878 | 3.091 | 41.478 | 0.000 | −1.082 | 0.724 |
| FFA-Q2 | 12,131.75 | 11,125.00 | 4,448.66 | 1.156 | 4.186 | 90.599 | 0.000 | −1.111 | 0.712 |
| FFA-Q3 | 11,207.03 | 10,087.50 | 4,134.54 | 1.004 | 3.591 | 58.835 | 0.000 | −1.286 | 0.637 |
| FFA-Q4 | 12,383.51 | 11,250.00 | 4,487.99 | 1.214 | 4.347 | 103.477 | 0.000 | −1.765 | 0.398 |
| Variable | Mean | Median | Std. dev. | Skewness | Kurtosis | Normality | PP Test | ||
|---|---|---|---|---|---|---|---|---|---|
| Jarque-Bera | p-Val | PP Stat | p-Val | ||||||
| VOL | 10,752.000 | 10,002.000 | 4,548.472 | 0.838 | 3.902 | 47.401 | 0.000 | −9.820 | 0.000 |
| FIX | 6,523,324.000 | 5,704,875.000 | 3,001,588.000 | 0.856 | 3.229 | 39.073 | 0.000 | −3.086 | 0.029 |
| SR | 2,204.716 | 1,838.100 | 1,315.736 | 1.120 | 4.309 | 88.064 | 0.000 | −2.669 | 0.081 |
| EARNING | 18,237.300 | 12,333.340 | 14,747.610 | 1.449 | 5.064 | 165.623 | 0.000 | −3.774 | 0.004 |
| FFA-Q1 | 14,751.02 | 1,1750.00 | 9,287.83 | 1.397 | 4.235 | 120.980 | 0.000 | −1.918 | 0.324 |
| FFA-Q2 | 15,420.22 | 13,000.00 | 8,551.11 | 1.102 | 3.355 | 64.555 | 0.000 | −1.882 | 0.341 |
| FFA-Q3 | 15,818.01 | 13,000.00 | 8,350.24 | 1.398 | 5.217 | 164.971 | 0.000 | −3.358 | 0.013 |
| FFA-Q4 | 19,019.05 | 15,000.00 | 8,745.35 | 0.800 | 2.602 | 35.199 | 0.000 | −2.373 | 0.150 |
| VOL | 8,161.975 | 7,740.000 | 2,994.957 | 1.262 | 5.855 | 190.554 | 0.000 | −11.435 | 0.000 |
| FIX | 3,821,475.000 | 3,783,616.000 | 932,392.800 | 0.404 | 3.736 | 15.699 | 0.000 | −14.630 | 0.000 |
| SR | 1,449.577 | 1,080.200 | 926.528 | 1.310 | 4.112 | 106.383 | 0.000 | −2.435 | 0.133 |
| EARNING | 10,045.110 | 8,334.274 | 5,740.809 | 1.425 | 4.590 | 139.821 | 0.000 | −2.537 | 0.108 |
| FFA-Q1 | 11,091.21 | 9,175.00 | 5,739.18 | 1.233 | 3.763 | 86.311 | 0.000 | −1.243 | 0.657 |
| FFA-Q2 | 12,332.50 | 10,625.00 | 5,825.21 | 1.322 | 4.242 | 110.576 | 0.000 | −1.171 | 0.688 |
| FFA-Q3 | 10,857.76 | 9,200.00 | 5,318.81 | 1.319 | 3.955 | 102.004 | 0.000 | −1.624 | 0.469 |
| FFA-Q4 | 11,920.40 | 10,400.00 | 5,447.57 | 1.060 | 3.232 | 58.954 | 0.000 | −1.343 | 0.610 |
| VOL | 2,286.521 | 2,065.500 | 1,134.552 | 1.610 | 7.492 | 427.646 | 0.000 | −13.975 | 0.000 |
| FIX | 1,635,444.000 | 1,618,028.000 | 686,253.800 | 0.190 | 2.263 | 9.624 | 0.008 | −10.843 | 0.000 |
| SR | 1,211.996 | 1,011.633 | 580.352 | 1.056 | 3.605 | 67.545 | 0.000 | −1.582 | 0.491 |
| EARNING | 13,901.770 | 13,151.980 | 6,275.077 | 0.924 | 3.546 | 51.985 | 0.000 | −1.347 | 0.609 |
| FFA-Q1 | 11,408.15 | 10,387.50 | 4,288.96 | 0.878 | 3.091 | 41.478 | 0.000 | −1.082 | 0.724 |
| FFA-Q2 | 12,131.75 | 11,125.00 | 4,448.66 | 1.156 | 4.186 | 90.599 | 0.000 | −1.111 | 0.712 |
| FFA-Q3 | 11,207.03 | 10,087.50 | 4,134.54 | 1.004 | 3.591 | 58.835 | 0.000 | −1.286 | 0.637 |
| FFA-Q4 | 12,383.51 | 11,250.00 | 4,487.99 | 1.214 | 4.347 | 103.477 | 0.000 | −1.765 | 0.398 |
Notes: The unit of measurement of VOL is lot. The unit of measurement of FIX is ton. The unit of measurement of EARNING is $/day. The unit of measurement of EARNING is $/day. Jarque-Bera is the Jarque and Bera test for normality. PP Stat is Phillips and Perron test for unit root
Sharing content requires targeting cookies to be enabled. Please update your cookie preferences to use this feature.