Descriptive statistics for asset returns of the two markets
| Market | Mean/median | Mean | Minimum | Maximum | SD | Skewness | Kurt |
|---|---|---|---|---|---|---|---|
| X | Mean | 3.35 * 10−6 | −0.11 | 0.11 | 0.02 | 0.00 | 3.89 |
| Median | −5.62 * 10−6 | −0.11 | 0.11 | 0.02 | 0.01 | 3.64 | |
| Z | Mean | 1.49 * 10−6 | −0.11 | 0.11 | 0.02 | 0.00 | 3.84 |
| Median | 3.09 * 10−6 | −0.11 | 0.11 | 0.02 | 0.00 | 3.55 |
| Market | Mean/median | Mean | Minimum | Maximum | SD | Skewness | Kurt |
|---|---|---|---|---|---|---|---|
| X | Mean | 3.35 * 10−6 | −0.11 | 0.11 | 0.02 | 0.00 | 3.89 |
| Median | −5.62 * 10−6 | −0.11 | 0.11 | 0.02 | 0.01 | 3.64 | |
| Z | Mean | 1.49 * 10−6 | −0.11 | 0.11 | 0.02 | 0.00 | 3.84 |
| Median | 3.09 * 10−6 | −0.11 | 0.11 | 0.02 | 0.00 | 3.55 |
Notes:
The table reports the estimates of the mean and the median of the mean, maximum, minimum, standard deviation, skewness and kurtosis; computations are based on 1,000 time series, each containing 5,000 observations
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