Summary statistics
| Variables | N | Mean | SD | Min | p25 | p50 | p75 | Max | |
|---|---|---|---|---|---|---|---|---|---|
| Centrality | W | 18,730 | 0.6849 | 0.2416 | 0.0065 | 0.5893 | 0.7716 | 0.8524 | 0.9836 |
| Oi | 18,730 | 0.3373 | 0.1945 | 0.0170 | 0.1956 | 0.3028 | 0.4412 | 0.9805 | |
| Op | 18,730 | 0.1071 | 0.1394 | 0.0001 | 0.0231 | 0.0610 | 0.1351 | 0.7359 | |
| Oiroi | 18,730 | 0.1183 | 0.1605 | 0.0000 | 0.0160 | 0.0580 | 0.1561 | 0.8455 | |
| Fund characteristics | 4factoralpha (%) | 18,730 | −0.1533 | 1.6916 | −4.6517 | −1.0658 | −0.1554 | 0.7262 | 4.4753 |
| Netasset (Billion Won) | 18,730 | 65.5820 | 163.5540 | 1.0913 | 4.6691 | 14.8666 | 53.2595 | 867.3460 | |
| Familysize (Billion Won) | 18,551 | 961.2044 | 980.6763 | 7.8632 | 164.0470 | 646.0371 | 1,451.2998 | 4,400.6733 | |
| Fundage (Month) | 18,730 | 132.4201 | 55.2681 | 40.4333 | 97.2667 | 131.2667 | 163.4667 | 247.8333 | |
| Expense (%) | 18,730 | 0.6313 | 0.1558 | 0.1760 | 0.5490 | 0.6700 | 0.7450 | 0.9300 | |
| Turnover | 18,730 | 9.7146 | 8.1191 | 0.0000 | 4.1483 | 7.7787 | 12.9500 | 38.9621 | |
| Return (%) | 18,730 | 0.6624 | 4.5429 | −13.0778 | −1.7582 | 0.5728 | 3.0696 | 13.5281 | |
| Fundflow (%) | 18,692 | −1.4962 | 10.2029 | −20.3387 | −3.0399 | −1.0851 | −0.0716 | 20.4401 | |
| Top30 (%) | 18,730 | 78.1369 | 11.3818 | 45.6384 | 71.9003 | 78.3313 | 85.3953 | 100.0000 | |
| Value uncertainty measures | Idiovol | 18,730 | 0.2941 | 0.1724 | 0.0332 | 0.1672 | 0.2658 | 0.3863 | 0.8782 |
| Turnover_stock | 18,730 | 0.2309 | 0.1656 | 0.0203 | 0.1181 | 0.1902 | 0.2938 | 0.8887 | |
| Stockage | 18,730 | −0.6304 | 0.1653 | −0.9664 | −0.7377 | −0.6419 | −0.5451 | −0.1218 |
| Variables | N | Mean | SD | Min | p25 | p50 | p75 | Max | |
|---|---|---|---|---|---|---|---|---|---|
| Centrality | 18,730 | 0.6849 | 0.2416 | 0.0065 | 0.5893 | 0.7716 | 0.8524 | 0.9836 | |
| 18,730 | 0.3373 | 0.1945 | 0.0170 | 0.1956 | 0.3028 | 0.4412 | 0.9805 | ||
| 18,730 | 0.1071 | 0.1394 | 0.0001 | 0.0231 | 0.0610 | 0.1351 | 0.7359 | ||
| 18,730 | 0.1183 | 0.1605 | 0.0000 | 0.0160 | 0.0580 | 0.1561 | 0.8455 | ||
| Fund characteristics | 18,730 | −0.1533 | 1.6916 | −4.6517 | −1.0658 | −0.1554 | 0.7262 | 4.4753 | |
| 18,730 | 65.5820 | 163.5540 | 1.0913 | 4.6691 | 14.8666 | 53.2595 | 867.3460 | ||
| 18,551 | 961.2044 | 980.6763 | 7.8632 | 164.0470 | 646.0371 | 1,451.2998 | 4,400.6733 | ||
| 18,730 | 132.4201 | 55.2681 | 40.4333 | 97.2667 | 131.2667 | 163.4667 | 247.8333 | ||
| 18,730 | 0.6313 | 0.1558 | 0.1760 | 0.5490 | 0.6700 | 0.7450 | 0.9300 | ||
| 18,730 | 9.7146 | 8.1191 | 0.0000 | 4.1483 | 7.7787 | 12.9500 | 38.9621 | ||
| 18,730 | 0.6624 | 4.5429 | −13.0778 | −1.7582 | 0.5728 | 3.0696 | 13.5281 | ||
| 18,692 | −1.4962 | 10.2029 | −20.3387 | −3.0399 | −1.0851 | −0.0716 | 20.4401 | ||
| 18,730 | 78.1369 | 11.3818 | 45.6384 | 71.9003 | 78.3313 | 85.3953 | 100.0000 | ||
| Value uncertainty measures | 18,730 | 0.2941 | 0.1724 | 0.0332 | 0.1672 | 0.2658 | 0.3863 | 0.8782 | |
| 18,730 | 0.2309 | 0.1656 | 0.0203 | 0.1181 | 0.1902 | 0.2938 | 0.8887 | ||
| 18,730 | −0.6304 | 0.1653 | −0.9664 | −0.7377 | −0.6419 | −0.5451 | −0.1218 |
Note(s): Table 2 shows the summary statistics of the centrality measures, fund characteristics and value uncertainty measures. Detailed variable definitions are in Table 1
Source(s): Authors' work
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