Table 1 Descriptive statistics of the...

Table 1

Descriptive statistics of the variables, Brazil

	Mean	Standard deviation	Coefficient of variation	Minimum	Median	Maximum
Return	0.874	4.963	5.677	−33.60	0.743	33.05
Sent	−0.440	1.122	−2.549	−2.980	−0.567	3.349
Risk free	0.008	0.002	0.275	0.004	0.008	0.012
RMRF	−0.002	0.057	−30.253	−0.126	−0.004	0.158
SMB	−0.001	0.039	−58.946	−0.134	−0.004	0.120
HML	−0.017	0.052	−3.045	−0.133	−0.017	0.122
Mom	0.020	0.050	2.487	−0.133	0.021	0.132

	Mean	Standard deviation	Coefficient of variation	Minimum	Median	Maximum
Return	0.874	4.963	5.677	−33.60	0.743	33.05
Sent	−0.440	1.122	−2.549	−2.980	−0.567	3.349
Risk free	0.008	0.002	0.275	0.004	0.008	0.012
RMRF	−0.002	0.057	−30.253	−0.126	−0.004	0.158
SMB	−0.001	0.039	−58.946	−0.134	−0.004	0.120
HML	−0.017	0.052	−3.045	−0.133	−0.017	0.122
Mom	0.020	0.050	2.487	−0.133	0.021	0.132

Note(s): Table 1 presents the descriptors of the variables that served as the basis for the measurement of pricing models. RMRF refers to $({\bar{R}}_{m} - R_{f})$ ⁠. The fund sample includes 306 mutual funds. The sample period ranges from January 2010 through December 2019 (monthly return data in %)

Source(s): Authors’ own work

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