Correlation matrix
| Size | Profitability | Capitalization | Round-of-16 | Quarter-final | Semifinal | Final | Favorite | Difference | |
|---|---|---|---|---|---|---|---|---|---|
| Size | 1 | ||||||||
| Profitability | −0.25 | 1 | |||||||
| Capitalization | −0.31 | 0.48 | 1 | ||||||
| Round-of-16 | 0.12 | −0.09 | −0.04 | 1 | |||||
| Quarter-final | 0.16 | 0.07 | −0.08 | −0.14 | 1 | ||||
| Semifinal | 0.09 | −0.08 | 0.06 | −0.07 | −0.04 | 1 | |||
| Final | 0.13 | 0.05 | −0.02 | −0.05 | −0.03 | −0.02 | 1 | ||
| Favorite | 0.02 | 0.08 | 0.02 | −0.03 | −0.07 | 0.05 | −0.06 | 1 | |
| Difference | −0.09 | −0.11 | −0.05 | 0.00 | 0.01 | −0.04 | −0.03 | −0.15 | 1 |
| Size | Profitability | Capitalization | Round-of-16 | Quarter-final | Semifinal | Final | Favorite | Difference | |
|---|---|---|---|---|---|---|---|---|---|
| Size | 1 | ||||||||
| Profitability | −0.25 | 1 | |||||||
| Capitalization | −0.31 | 0.48 | 1 | ||||||
| Round-of-16 | 0.12 | −0.09 | −0.04 | 1 | |||||
| Quarter-final | 0.16 | 0.07 | −0.08 | −0.14 | 1 | ||||
| Semifinal | 0.09 | −0.08 | 0.06 | −0.07 | −0.04 | 1 | |||
| Final | 0.13 | 0.05 | −0.02 | −0.05 | −0.03 | −0.02 | 1 | ||
| Favorite | 0.02 | 0.08 | 0.02 | −0.03 | −0.07 | 0.05 | −0.06 | 1 | |
| Difference | −0.09 | −0.11 | −0.05 | 0.00 | 0.01 | −0.04 | −0.03 | −0.15 | 1 |
Note(s): The table reports the correlation matrix of firm-specific (size, profitability and capitalization) and match-specific (round-of-16, quarter-final, semifinal, final, favorite and difference) variables
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