Table 1 Summary statistics and unit root... | Emerald Publishing

Table 1

Summary statistics and unit root tests for TA-35 and Tel-Bond returns

	$R s$	$R b$
Panel (a): summary statistics
Mean	0.000251	8.29E−05
Median	0.000587	0.000229
Maximum	0.070995	0.034540
Minimum	−0.066993	−0.025511
Std. Dev	0.010548	0.003134
Skewness	−0.610842	0.789193
Kurtosis	10.07618	36.45240
Jarque–Bera	2672.776***	58133.91***
ARCH(1)	0.3255***	0.249***
Observations	1,244	1,244
Panel (b): unit root tests
ADF	−35.5854***	−15.5341***
PP	−35.737***	−28.1269***

	$R s$	$R b$
Panel (a): summary statistics
Mean	0.000251	8.29E−05
Median	0.000587	0.000229
Maximum	0.070995	0.034540
Minimum	−0.066993	−0.025511
Std. Dev	0.010548	0.003134
Skewness	−0.610842	0.789193
Kurtosis	10.07618	36.45240
Jarque–Bera	2672.776***	58133.91***
ARCH(1)	0.3255***	0.249***
Observations	1,244	1,244
Panel (b): unit root tests
ADF	−35.5854***	−15.5341***
PP	−35.737***	−28.1269***

Note(s): Rs: TA-35 returns; Rb: Tel-Bond 20 returns; sample range: 5 June 2017–26 June 2022. Significance: ***1%; **5% and *10%

Source(s): Author’s own work