KSFX - Differences in European Media Reporting on Italy

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Sentiment Data per Topic: Italy

Media Coverage

Column=Regressor Row=Regressand		CH		DE		ES		FR		GB		IT		RO
CH		1.0000		0.1567		0.1855		0.2972		0.5167		0.0209		0.4586
DE		0.1567		1.0000		0.1660		0.3705		0.1481		0.0663		0.2483
ES		0.1855		0.1660		1.0000		0.2976		0.2918		0.0168		0.1891
FR		0.2972		0.3705		0.2976		1.0000		0.2608		0.1174		0.2812
GB		0.5167		0.1481		0.2918		0.2608		1.0000		0.0660		0.4887
IT		0.0209		0.0663		0.0168		0.1174		0.0660		1.0000		0.0345
RO		0.4586		0.2483		0.1891		0.2812		0.4887		0.0345		1.0000

Correlations for CH

Regressand	Regressor	R	R-Analysis Output
CH	CH	1.0000	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Error:Warning message: Error:In summary.lm(ols) : essentially perfect fit: summary may be unreliable Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-5.310e-17 1.720e-19 3.450e-19 4.910e-19 4.568e-18 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.364e-17 1.061e-18 1.286e+01 <2e-16 * Output:regressor 1.000e+00 5.003e-17 1.999e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 4.437e-18 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 3.996e+32 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0078658 0.0078658 3.9958e+32 < 2.2e-16 Output:Residuals 147 0.0000000 0.0000000 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Error:Warning message: Error:In anova.lm(ols) : Error: ANOVA F-tests on an essentially perfect fit are unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 5.314728e-05 Output:[1] 5.314728e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.124966e-36 -4.984694e-35 Output:regressor -4.984694e-35 2.502607e-33 Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.3643e-17 2.9577e-19 4.6127e+01 < 2.2e-16 * Output:regressor 1.0000e+00 1.8492e-17 5.4076e+16 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Error:Warning message: Error:In summary.lm(x) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------"
CH	GB	0.5167	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0157328 -0.0031526 -0.0003751 0.0029476 0.0196439 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.009362 0.000934 10.02 <2e-16 * Output:regressor 0.726632 0.057590 12.62 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.005068 on 147 degrees of freedom Output:Multiple R-squared: 0.5199, Adjusted R-squared: 0.5167 Output:F-statistic: 159.2 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0040896 0.0040896 159.2 < 2.2e-16 Output:Residuals 147 0.0037762 0.0000257 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 5.314728e-05 Output:[1] 5.233453e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 8.723064e-07 -4.817956e-05 Output:regressor -4.817956e-05 3.316573e-03 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.00936230 0.00082529 11.344 < 2.2e-16 * Output:regressor 0.72663166 0.06094373 11.923 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	RO	0.4586	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.009427 -0.004081 -0.001183 0.003503 0.016438 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0120066 0.0008298 14.47 <2e-16 * Output:regressor 0.3641943 0.0323998 11.24 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.005364 on 147 degrees of freedom Output:Multiple R-squared: 0.4622, Adjusted R-squared: 0.4586 Output:F-statistic: 126.4 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0036358 0.0036358 126.35 < 2.2e-16 Output:Residuals 147 0.0042300 0.0000288 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 5.314728e-05 Output:[1] 0.0001852141 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 6.884924e-07 -2.280379e-05 Output:regressor -2.280379e-05 1.049749e-03 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.01200658 0.00076609 15.6726 < 2.2e-16 * Output:regressor 0.36419429 0.03650514 9.9765 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	FR	0.2972	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0120314 -0.0038151 -0.0008496 0.0026557 0.0220309 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.010273 0.001309 7.847 8.11e-13 * Output:regressor 0.949776 0.119112 7.974 3.96e-13 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.006112 on 147 degrees of freedom Output:Multiple R-squared: 0.3019, Adjusted R-squared: 0.2972 Output:F-statistic: 63.58 on 1 and 147 DF, p-value: 3.959e-13 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0023749 0.00237493 63.581 3.959e-13 Output:Residuals 147 0.0054909 0.00003735 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 5.314728e-05 Output:[1] 1.778881e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.713941e-06 -0.0001440843 Output:regressor -1.440843e-04 0.0141877860 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0102725 0.0022936 4.4787 1.498e-05 * Output:regressor 0.9497764 0.2349473 4.0425 8.501e-05 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	ES	0.1855	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.010353 -0.004536 -0.001333 0.002761 0.025502 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.009838 0.001794 5.484 1.77e-07 * Output:regressor 1.796343 0.304940 5.891 2.51e-08 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.006579 on 147 degrees of freedom Output:Multiple R-squared: 0.191, Adjusted R-squared: 0.1855 Output:F-statistic: 34.7 on 1 and 147 DF, p-value: 2.514e-08 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0015022 0.00150222 34.702 2.514e-08 Output:Residuals 147 0.0063636 0.00004329 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 5.314728e-05 Output:[1] 3.145529e-06 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 3.218317e-06 -0.0005217755 Output:regressor -5.217755e-04 0.0929883318 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0098384 0.0033873 2.9045 0.004247 Output:regressor 1.7963429 0.6152290 2.9198 0.004055 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	DE	0.1567	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.010400 -0.004610 -0.001526 0.003234 0.032110 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0163193 0.0008691 18.777 < 2e-16 * Output:regressor 0.2070940 0.0387972 5.338 3.49e-07 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.006695 on 147 degrees of freedom Output:Multiple R-squared: 0.1624, Adjusted R-squared: 0.1567 Output:F-statistic: 28.49 on 1 and 147 DF, p-value: 3.493e-07 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0012771 0.00127708 28.493 3.493e-07 Output:Residuals 147 0.0065887 0.00004482 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 5.314728e-05 Output:[1] 0.0002011965 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 7.553281e-07 -0.0000261562 Output:regressor -2.615620e-05 0.0015052254 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.016319 0.001573 10.3748 < 2e-16 *** Output:regressor 0.207094 0.088862 2.3305 0.02114 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	IT	0.0209	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.011360 -0.004826 -0.001427 0.003416 0.040591 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.016027 0.001997 8.027 2.93e-13 *** Output:regressor 0.021271 0.010426 2.040 0.0431 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.007214 on 147 degrees of freedom Output:Multiple R-squared: 0.02754, Adjusted R-squared: 0.02092 Output:F-statistic: 4.163 on 1 and 147 DF, p-value: 0.04311 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0002166 2.1661e-04 4.1627 0.04311 Output:Residuals 147 0.0076492 5.2035e-05 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 5.314728e-05 Output:[1] 0.003234748 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 3.986559e-06 -1.988334e-05 Output:regressor -1.988334e-05 1.086916e-04 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0160269 0.0020317 7.8882 6.413e-13 Output:regressor 0.0212708 0.0139444 1.5254 0.1293 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"

Correlations for DE

Regressand	Regressor	R	R-Analysis Output
DE	DE	1.0000	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Error:Warning message: Error:In summary.lm(ols) : essentially perfect fit: summary may be unreliable Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-7.611e-18 -4.037e-19 -2.232e-19 -3.550e-20 2.984e-17 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.274e-18 3.475e-19 6.544e+00 9.36e-10 * Output:regressor 1.000e+00 1.551e-17 6.446e+16 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 2.677e-18 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 4.156e+33 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.029777 0.029777 4.1557e+33 < 2.2e-16 Output:Residuals 147 0.000000 0.000000 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Error:Warning message: Error:In anova.lm(ols) : Error: ANOVA F-tests on an essentially perfect fit are unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0002011965 Output:[1] 0.0002011965 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.207502e-37 -4.181449e-36 Output:regressor -4.181449e-36 2.406322e-34 Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.2738e-18 4.2916e-19 5.2983e+00 4.19e-07 * Output:regressor 1.0000e+00 1.9293e-17 5.1834e+16 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Error:Warning message: Error:In summary.lm(x) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------"
DE	FR	0.3705	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.019050 -0.005087 -0.002274 0.004107 0.051388 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.003532 0.002411 -1.465 0.145 Output:regressor 2.058872 0.219327 9.387 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.01125 on 147 degrees of freedom Output:Multiple R-squared: 0.3748, Adjusted R-squared: 0.3705 Output:F-statistic: 88.12 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.011160 0.0111601 88.12 < 2.2e-16 * Output:Residuals 147 0.018617 0.0001266 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0002011965 Output:[1] 1.778881e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 5.811188e-06 -0.0004885239 Output:regressor -4.885239e-04 0.0481042753 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.0035320 0.0030874 -1.144 0.2545 Output:regressor 2.0588723 0.3163581 6.508 1.125e-09 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	RO	0.2483	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.015617 -0.007546 -0.002121 0.001862 0.056905 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.005980 0.001902 3.143 0.00202 Output:regressor 0.524664 0.074277 7.064 6.01e-11 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.0123 on 147 degrees of freedom Output:Multiple R-squared: 0.2534, Adjusted R-squared: 0.2483 Output:F-statistic: 49.89 on 1 and 147 DF, p-value: 6.014e-11 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0075457 0.0075457 49.894 6.014e-11 Output:Residuals 147 0.0222314 0.0001512 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0002011965 Output:[1] 0.0001852141 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 3.618494e-06 -0.0001198494 Output:regressor -1.198494e-04 0.0055171411 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0059796 0.0017354 3.4456 0.000743 * Output:regressor 0.5246638 0.0766523 6.8447 1.933e-10 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	ES	0.1660	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.020753 -0.008068 -0.003423 0.005070 0.063500 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.001215 0.003532 -0.344 0.731 Output:regressor 3.313407 0.600363 5.519 1.5e-07 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.01295 on 147 degrees of freedom Output:Multiple R-squared: 0.1716, Adjusted R-squared: 0.166 Output:F-statistic: 30.46 on 1 and 147 DF, p-value: 1.5e-07 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.005111 0.0051110 30.459 1.5e-07 * Output:Residuals 147 0.024666 0.0001678 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0002011965 Output:[1] 3.145529e-06 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.247464e-05 -0.002022474 Output:regressor -2.022474e-03 0.360435578 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.0012152 0.0044689 -0.2719 0.786057 Output:regressor 3.3134066 0.9047093 3.6624 0.000348 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	CH	0.1567	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.025655 -0.007195 -0.002334 0.003419 0.055123 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.001762 0.003114 0.566 0.572 Output:regressor 0.783983 0.146872 5.338 3.49e-07 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.01303 on 147 degrees of freedom Output:Multiple R-squared: 0.1624, Adjusted R-squared: 0.1567 Output:F-statistic: 28.49 on 1 and 147 DF, p-value: 3.493e-07 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0048346 0.0048346 28.493 3.493e-07 * Output:Residuals 147 0.0249425 0.0001697 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0002011965 Output:[1] 5.314728e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 9.696770e-06 -0.0004296613 Output:regressor -4.296613e-04 0.0215715036 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0017615 0.0047242 0.3729 0.709777 Output:regressor 0.7839835 0.2855158 2.7458 0.006789 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	GB	0.1481	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.024373 -0.007356 -0.003519 0.002431 0.056630 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.006203 0.002412 2.571 0.0111 * Output:regressor 0.769205 0.148753 5.171 7.49e-07 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.01309 on 147 degrees of freedom Output:Multiple R-squared: 0.1539, Adjusted R-squared: 0.1481 Output:F-statistic: 26.74 on 1 and 147 DF, p-value: 7.489e-07 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0045828 0.0045828 26.739 7.489e-07 * Output:Residuals 147 0.0251942 0.0001714 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0002011965 Output:[1] 5.233453e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 5.819872e-06 -0.0003214454 Output:regressor -3.214454e-04 0.0221275833 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0062028 0.0025725 2.4112 0.0171362 * Output:regressor 0.7692053 0.1931268 3.9829 0.0001067 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	IT	0.0663	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.014265 -0.008449 -0.004489 0.002453 0.060949 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.005082 0.003794 1.340 0.182424 Output:regressor 0.067209 0.019809 3.393 0.000889 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.01371 on 147 degrees of freedom Output:Multiple R-squared: 0.07262, Adjusted R-squared: 0.06631 Output:F-statistic: 11.51 on 1 and 147 DF, p-value: 0.000889 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0021625 0.00216248 11.511 0.000889 * Output:Residuals 147 0.0276146 0.00018785 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0002011965 Output:[1] 0.003234748 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.439201e-05 -7.178152e-05 Output:regressor -7.178152e-05 3.923913e-04 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0050822 0.0029928 1.6981 0.091600 . Output:regressor 0.0672086 0.0219853 3.0570 0.002657 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"

Correlations for ES

Regressand	Regressor	R	R-Analysis Output
ES	ES	1.0000	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Error:Warning message: Error:In summary.lm(ols) : essentially perfect fit: summary may be unreliable Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.181e-18 -1.199e-19 -8.860e-20 -2.580e-20 1.191e-17 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.274e-18 2.722e-19 8.353e+00 4.57e-14 * Output:regressor 1.000e+00 4.627e-17 2.161e+16 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 9.984e-19 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 4.67e+32 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.00046554 0.00046554 4.6704e+32 < 2.2e-16 Output:Residuals 147 0.00000000 0.00000000 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Error:Warning message: Error:In anova.lm(ols) : Error: ANOVA F-tests on an essentially perfect fit are unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 3.145529e-06 Output:[1] 3.145529e-06 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 7.410528e-38 -1.201445e-35 Output:regressor -1.201445e-35 2.141158e-33 Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.2738e-18 2.3082e-19 9.8510e+00 < 2.2e-16 * Output:regressor 1.0000e+00 2.9644e-17 3.3734e+16 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Error:Warning message: Error:In summary.lm(x) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------"
ES	FR	0.2976	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0032789 -0.0010324 -0.0001056 0.0009390 0.0044733 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0032632 0.0003184 10.248 < 2e-16 * Output:regressor 0.2312077 0.0289698 7.981 3.8e-13 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.001486 on 147 degrees of freedom Output:Multiple R-squared: 0.3023, Adjusted R-squared: 0.2976 Output:F-statistic: 63.7 on 1 and 147 DF, p-value: 3.801e-13 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.00014074 0.00014074 63.696 3.801e-13 Output:Residuals 147 0.00032480 0.00000221 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 3.145529e-06 Output:[1] 1.778881e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.013843e-07 -8.522984e-06 Output:regressor -8.522984e-06 8.392466e-04 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.00326316 0.00066382 4.9157 2.336e-06 * Output:regressor 0.23120771 0.06711702 3.4448 0.0007449 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	GB	0.2918	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0030737 -0.0011095 0.0000237 0.0008786 0.0047186 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.003672 0.000275 13.350 < 2e-16 * Output:regressor 0.133510 0.016959 7.872 7.01e-13 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.001493 on 147 degrees of freedom Output:Multiple R-squared: 0.2966, Adjusted R-squared: 0.2918 Output:F-statistic: 61.97 on 1 and 147 DF, p-value: 7.01e-13 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.00013806 1.3806e-04 61.975 7.01e-13 Output:Residuals 147 0.00032748 2.2280e-06 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 3.145529e-06 Output:[1] 5.233453e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 7.564685e-08 -4.178155e-06 Output:regressor -4.178155e-06 2.876149e-04 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.00367171 0.00040047 9.1686 3.942e-16 * Output:regressor 0.13350987 0.02901763 4.6010 9.010e-06 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	RO	0.1891	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0036691 -0.0011342 -0.0000362 0.0008466 0.0047367 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.004362 0.000247 17.659 < 2e-16 * Output:regressor 0.057487 0.009646 5.959 1.79e-08 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.001597 on 147 degrees of freedom Output:Multiple R-squared: 0.1946, Adjusted R-squared: 0.1891 Output:F-statistic: 35.51 on 1 and 147 DF, p-value: 1.795e-08 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.00009059 9.0588e-05 35.515 1.795e-08 Output:Residuals 147 0.00037495 2.5510e-06 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 3.145529e-06 Output:[1] 0.0001852141 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 6.102882e-08 -2.021357e-06 Output:regressor -2.021357e-06 9.305104e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.00436241 0.00035403 12.3221 < 2.2e-16 * Output:regressor 0.05748658 0.01444923 3.9785 0.0001085 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	CH	0.1855	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0041638 -0.0011002 0.0000718 0.0007958 0.0054769 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0034936 0.0003826 9.130 4.95e-16 * Output:regressor 0.1063168 0.0180479 5.891 2.51e-08 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.001601 on 147 degrees of freedom Output:Multiple R-squared: 0.191, Adjusted R-squared: 0.1855 Output:F-statistic: 34.7 on 1 and 147 DF, p-value: 2.514e-08 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.00008891 8.8909e-05 34.702 2.514e-08 Output:Residuals 147 0.00037663 2.5620e-06 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 3.145529e-06 Output:[1] 5.314728e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.464200e-07 -6.487834e-06 Output:regressor -6.487834e-06 3.257271e-04 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.00349357 0.00075104 4.6517 7.279e-06 *** Output:regressor 0.10631681 0.04252922 2.4999 0.01352 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	DE	0.1660	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0046572 -0.0011995 -0.0000376 0.0007465 0.0067882 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0047110 0.0002103 22.406 < 2e-16 * Output:regressor 0.0518022 0.0093861 5.519 1.5e-07 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.00162 on 147 degrees of freedom Output:Multiple R-squared: 0.1716, Adjusted R-squared: 0.166 Output:F-statistic: 30.46 on 1 and 147 DF, p-value: 1.5e-07 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.00007991 7.9906e-05 30.459 1.5e-07 Output:Residuals 147 0.00038563 2.6230e-06 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 3.145529e-06 Output:[1] 0.0002011965 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 4.420875e-08 -1.530902e-06 Output:regressor -1.530902e-06 8.809965e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.00471103 0.00038244 12.3185 < 2e-16 *** Output:regressor 0.05180217 0.02183775 2.3721 0.01898 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	IT	0.0168	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0030326 -0.0012650 -0.0001899 0.0009708 0.0089523 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0047379 0.0004868 9.733 <2e-16 * Output:regressor 0.0047737 0.0025417 1.878 0.0623 . Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.001759 on 147 degrees of freedom Output:Multiple R-squared: 0.02343, Adjusted R-squared: 0.01679 Output:F-statistic: 3.528 on 1 and 147 DF, p-value: 0.06234 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.00001091 1.0910e-05 3.5275 0.06234 . Output:Residuals 147 0.00045463 3.0927e-06 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 3.145529e-06 Output:[1] 0.003234748 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.369407e-07 -1.181764e-06 Output:regressor -1.181764e-06 6.460072e-06 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.00473793 0.00044845 10.565 <2e-16 Output:regressor 0.00477368 0.00316554 1.508 0.1337 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"

Correlations for FR

Regressand	Regressor	R	R-Analysis Output
FR	FR	1.0000	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Error:Warning message: Error:In summary.lm(ols) : essentially perfect fit: summary may be unreliable Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-5.241e-18 -9.800e-20 7.430e-20 1.643e-19 1.010e-18 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -2.274e-18 1.153e-19 -1.973e+01 <2e-16 * Output:regressor 1.000e+00 1.049e-17 9.536e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 5.381e-19 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 9.093e+33 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0026327 0.0026327 9.0926e+33 < 2.2e-16 Output:Residuals 147 0.0000000 0.0000000 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Error:Warning message: Error:In anova.lm(ols) : Error: ANOVA F-tests on an essentially perfect fit are unreliable Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.778881e-05 Output:[1] 1.778881e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.328592e-38 -1.116895e-36 Output:regressor -1.116895e-36 1.099792e-34 Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -2.2738e-18 1.6631e-19 -1.3672e+01 < 2.2e-16 * Output:regressor 1.0000e+00 1.7085e-17 5.8531e+16 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Error:Warning message: Error:In summary.lm(x) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------"
FR	DE	0.3705	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0088870 -0.0018070 -0.0004017 0.0016017 0.0140010 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0069923 0.0004344 16.097 <2e-16 * Output:regressor 0.1820354 0.0193918 9.387 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.003346 on 147 degrees of freedom Output:Multiple R-squared: 0.3748, Adjusted R-squared: 0.3705 Output:F-statistic: 88.12 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.00098672 0.00098672 88.12 < 2.2e-16 Output:Residuals 147 0.00164602 0.00001120 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.778881e-05 Output:[1] 0.0002011965 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.886995e-07 -6.534461e-06 Output:regressor -6.534461e-06 3.760423e-04 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.00699230 0.00067958 10.2891 < 2.2e-16 * Output:regressor 0.18203543 0.03902250 4.6649 6.883e-06 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	ES	0.2976	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0119114 -0.0024481 -0.0002834 0.0022422 0.0107241 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0028186 0.0009638 2.924 0.004 Output:regressor 1.3075417 0.1638317 7.981 3.8e-13 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.003535 on 147 degrees of freedom Output:Multiple R-squared: 0.3023, Adjusted R-squared: 0.2976 Output:F-statistic: 63.7 on 1 and 147 DF, p-value: 3.801e-13 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.00079591 0.00079591 63.696 3.801e-13 Output:Residuals 147 0.00183683 0.00001250 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.778881e-05 Output:[1] 3.145529e-06 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 9.289589e-07 -0.0001506091 Output:regressor -1.506091e-04 0.0268408392 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0028186 0.0015030 1.8753 0.06273 . Output:regressor 1.3075417 0.2775794 4.7105 5.67e-06 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	CH	0.2972	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0107344 -0.0025421 -0.0002097 0.0018788 0.0094853 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0038236 0.0008453 4.524 1.24e-05 * Output:regressor 0.3178977 0.0398679 7.974 3.96e-13 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.003536 on 147 degrees of freedom Output:Multiple R-squared: 0.3019, Adjusted R-squared: 0.2972 Output:F-statistic: 63.58 on 1 and 147 DF, p-value: 3.959e-13 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.00079491 0.00079491 63.581 3.959e-13 Output:Residuals 147 0.00183784 0.00001250 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.778881e-05 Output:[1] 5.314728e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 7.144851e-07 -3.165865e-05 Output:regressor -3.165865e-05 1.589449e-03 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0038236 0.0014762 2.5903 0.0105554 * Output:regressor 0.3178977 0.0806157 3.9434 0.0001239 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	RO	0.2812	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.009732 -0.002556 -0.000299 0.002483 0.010609 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0065547 0.0005531 11.851 < 2e-16 * Output:regressor 0.1657600 0.0215975 7.675 2.12e-12 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.003576 on 147 degrees of freedom Output:Multiple R-squared: 0.2861, Adjusted R-squared: 0.2812 Output:F-statistic: 58.91 on 1 and 147 DF, p-value: 2.116e-12 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.00075317 0.00075317 58.905 2.116e-12 Output:Residuals 147 0.00187957 0.00001279 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.778881e-05 Output:[1] 0.0001852141 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 3.059281e-07 -1.013275e-05 Output:regressor -1.013275e-05 4.664505e-04 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.00655470 0.00066088 9.9181 < 2.2e-16 * Output:regressor 0.16576005 0.02186725 7.5803 3.581e-12 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	GB	0.2608	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0108438 -0.0021962 -0.0005382 0.0021663 0.0107617 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0057894 0.0006682 8.664 7.58e-15 * Output:regressor 0.3005538 0.0412041 7.294 1.72e-11 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.003626 on 147 degrees of freedom Output:Multiple R-squared: 0.2658, Adjusted R-squared: 0.2608 Output:F-statistic: 53.21 on 1 and 147 DF, p-value: 1.725e-11 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.00069967 0.00069967 53.206 1.725e-11 Output:Residuals 147 0.00193307 0.00001315 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.778881e-05 Output:[1] 5.233453e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 4.465398e-07 -2.466345e-05 Output:regressor -2.466345e-05 1.697777e-03 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0057894 0.0010125 5.7180 5.817e-08 * Output:regressor 0.3005538 0.0625695 4.8035 3.805e-06 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	IT	0.1174	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0093689 -0.0024922 -0.0008905 0.0018587 0.0208800 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.005390 0.001097 4.915 2.35e-06 * Output:regressor 0.026051 0.005727 4.549 1.12e-05 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.003962 on 147 degrees of freedom Output:Multiple R-squared: 0.1234, Adjusted R-squared: 0.1174 Output:F-statistic: 20.69 on 1 and 147 DF, p-value: 1.119e-05 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.00032489 0.00032489 20.694 1.119e-05 Output:Residuals 147 0.00230785 0.00001570 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.778881e-05 Output:[1] 0.003234748 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.202791e-06 -5.999034e-06 Output:regressor -5.999034e-06 3.279352e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.00538996 0.00090488 5.9565 1.821e-08 * Output:regressor 0.02605074 0.00601351 4.3320 2.722e-05 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"

Correlations for GB

Regressand	Regressor	R	R-Analysis Output
GB	GB	1.0000	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Error:Warning message: Error:In summary.lm(ols) : essentially perfect fit: summary may be unreliable Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-8.859e-19 -1.279e-20 -5.330e-21 1.750e-21 8.485e-19 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.000e+00 3.049e-20 0.000e+00 1 Output:regressor 1.000e+00 1.880e-18 5.319e+17 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.654e-19 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 2.83e+35 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0077455 0.0077455 2.8296e+35 < 2.2e-16 * Output:Residuals 147 0.0000000 0.0000000 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Error:Warning message: Error:In anova.lm(ols) : Error: ANOVA F-tests on an essentially perfect fit are unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 5.233453e-05 Output:[1] 5.233453e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 9.295128e-40 -5.133920e-38 Output:regressor -5.133920e-38 3.534076e-36 Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0000e+00 1.9251e-20 0.0000e+00 1 Output:regressor 1.0000e+00 9.1755e-19 1.0899e+18 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Error:Warning message: Error:In summary.lm(x) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------"
GB	CH	0.5167	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0148766 -0.0026317 -0.0002731 0.0020662 0.0265981 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0002752 0.0012023 0.229 0.819 Output:regressor 0.7155198 0.0567090 12.617 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.005029 on 147 degrees of freedom Output:Multiple R-squared: 0.5199, Adjusted R-squared: 0.5167 Output:F-statistic: 159.2 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0040270 0.0040270 159.2 < 2.2e-16 * Output:Residuals 147 0.0037185 0.0000253 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 5.233453e-05 Output:[1] 5.314728e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.445609e-06 -6.405457e-05 Output:regressor -6.405457e-05 3.215913e-03 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.00027518 0.00335088 0.0821 0.9346615 Output:regressor 0.71551975 0.18163807 3.9393 0.0001259 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	RO	0.4887	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0136314 -0.0036089 -0.0006443 0.0031798 0.0226154 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0064260 0.0008001 8.031 2.86e-13 * Output:regressor 0.3729160 0.0312436 11.936 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.005173 on 147 degrees of freedom Output:Multiple R-squared: 0.4922, Adjusted R-squared: 0.4887 Output:F-statistic: 142.5 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0038120 0.0038120 142.46 < 2.2e-16 Output:Residuals 147 0.0039335 0.0000268 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 5.233453e-05 Output:[1] 0.0001852141 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 6.402306e-07 -0.0000212053 Output:regressor -2.120530e-05 0.0009761638 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.006426 0.001469 4.3743 2.295e-05 * Output:regressor 0.372916 0.048060 7.7594 1.322e-12 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	ES	0.2918	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.011643 -0.003837 -0.000938 0.002360 0.036117 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.002063 0.001660 1.243 0.216 Output:regressor 2.221304 0.282163 7.872 7.01e-13 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.006088 on 147 degrees of freedom Output:Multiple R-squared: 0.2966, Adjusted R-squared: 0.2918 Output:F-statistic: 61.97 on 1 and 147 DF, p-value: 7.01e-13 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0022971 0.00229706 61.975 7.01e-13 * Output:Residuals 147 0.0054485 0.00003706 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 5.233453e-05 Output:[1] 3.145529e-06 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.755504e-06 -0.000446741 Output:regressor -4.467410e-04 0.079616053 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0020627 0.0043135 0.4782 0.633213 Output:regressor 2.2213039 0.8267453 2.6868 0.008045 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	FR	0.2608	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.011853 -0.003580 -0.000368 0.002116 0.036567 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.005547 0.001332 4.163 5.32e-05 * Output:regressor 0.884227 0.121222 7.294 1.72e-11 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.00622 on 147 degrees of freedom Output:Multiple R-squared: 0.2658, Adjusted R-squared: 0.2608 Output:F-statistic: 53.21 on 1 and 147 DF, p-value: 1.725e-11 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0020584 0.00205843 53.206 1.725e-11 Output:Residuals 147 0.0056871 0.00003869 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 5.233453e-05 Output:[1] 1.778881e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.775189e-06 -0.0001492332 Output:regressor -1.492332e-04 0.0146947912 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0055471 0.0034975 1.5860 0.1149 Output:regressor 0.8842267 0.3890677 2.2727 0.0245 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	DE	0.1481	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.011694 -0.003534 -0.000685 0.001814 0.047031 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0110501 0.0008668 12.749 < 2e-16 * Output:regressor 0.2000830 0.0386932 5.171 7.49e-07 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.006677 on 147 degrees of freedom Output:Multiple R-squared: 0.1539, Adjusted R-squared: 0.1481 Output:F-statistic: 26.74 on 1 and 147 DF, p-value: 7.489e-07 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0011921 0.00119207 26.739 7.489e-07 Output:Residuals 147 0.0065534 0.00004458 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 5.233453e-05 Output:[1] 0.0002011965 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 7.512835e-07 -2.601614e-05 Output:regressor -2.601614e-05 1.497165e-03 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0110501 0.0015911 6.9449 1.135e-10 * Output:regressor 0.2000830 0.1176614 1.7005 0.09115 . Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	IT	0.0660	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.008591 -0.003622 -0.001143 0.001832 0.054157 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.008270 0.001935 4.274 3.44e-05 * Output:regressor 0.034201 0.010105 3.385 0.000914 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.006992 on 147 degrees of freedom Output:Multiple R-squared: 0.0723, Adjusted R-squared: 0.06599 Output:F-statistic: 11.46 on 1 and 147 DF, p-value: 0.000914 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0005600 0.00055997 11.456 0.000914 Output:Residuals 147 0.0071855 0.00004888 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 5.233453e-05 Output:[1] 0.003234748 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 3.744914e-06 -1.867811e-05 Output:regressor -1.867811e-05 1.021033e-04 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0082705 0.0025759 3.2107 0.001626 ** Output:regressor 0.0342005 0.0162185 2.1087 0.036663 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"

Correlations for IT

Regressand	Regressor	R	R-Analysis Output
IT	IT	1.0000	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Error:Warning message: Error:In summary.lm(ols) : essentially perfect fit: summary may be unreliable Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.336e-17 -1.241e-18 -4.130e-19 9.730e-19 1.030e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 3.638e-17 2.548e-18 1.428e+01 <2e-16 * Output:regressor 1.000e+00 1.330e-17 7.517e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 9.204e-18 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 5.651e+33 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.47874 0.47874 5.6508e+33 < 2.2e-16 Output:Residuals 147 0.00000 0.00000 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Error:Warning message: Error:In anova.lm(ols) : Error: ANOVA F-tests on an essentially perfect fit are unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.003234748 Output:[1] 0.003234748 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 6.490669e-36 -3.237282e-35 Output:regressor -3.237282e-35 1.769650e-34 Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 3.6381e-17 7.0997e-18 5.1243e+00 9.247e-07 * Output:regressor 1.0000e+00 3.5520e-17 2.8153e+16 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Error:Warning message: Error:In summary.lm(x) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------"
IT	FR	0.1174	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.176241 -0.009635 0.011966 0.029577 0.089938 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.13483 0.01145 11.780 < 2e-16 * Output:regressor 4.73711 1.04133 4.549 1.12e-05 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.05343 on 147 degrees of freedom Output:Multiple R-squared: 0.1234, Adjusted R-squared: 0.1174 Output:F-statistic: 20.69 on 1 and 147 DF, p-value: 1.119e-05 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.05908 0.059079 20.694 1.119e-05 Output:Residuals 147 0.41966 0.002855 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.003234748 Output:[1] 1.778881e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0001309955 -0.01101228 Output:regressor -0.0110122761 1.08436373 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.134826 0.036344 3.7097 0.0002936 * Output:regressor 4.737111 2.619487 1.8084 0.0725864 . Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	DE	0.0663	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.173107 -0.007846 0.011666 0.029327 0.080246 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.164157 0.007134 23.010 < 2e-16 * Output:regressor 1.080549 0.318478 3.393 0.000889 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.05496 on 147 degrees of freedom Output:Multiple R-squared: 0.07262, Adjusted R-squared: 0.06631 Output:F-statistic: 11.51 on 1 and 147 DF, p-value: 0.000889 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.03477 0.034767 11.511 0.000889 Output:Residuals 147 0.44398 0.003020 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.003234748 Output:[1] 0.0002011965 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 5.089715e-05 -0.001762513 Output:regressor -1.762513e-03 0.101428346 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.164157 0.022457 7.3099 1.584e-11 * Output:regressor 1.080549 0.645089 1.6750 0.09605 . Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	GB	0.0660	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.195356 -0.005979 0.012060 0.028546 0.085213 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.15223 0.01013 15.029 < 2e-16 * Output:regressor 2.11390 0.62456 3.385 0.000914 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.05497 on 147 degrees of freedom Output:Multiple R-squared: 0.0723, Adjusted R-squared: 0.06599 Output:F-statistic: 11.46 on 1 and 147 DF, p-value: 0.000914 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.03461 0.034611 11.456 0.000914 Output:Residuals 147 0.44413 0.003021 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.003234748 Output:[1] 5.233453e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0001025943 -0.005666528 Output:regressor -0.0056665285 0.390071204 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.152225 0.020847 7.3022 1.652e-11 * Output:regressor 2.113903 0.684738 3.0872 0.002416 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	RO	0.0345	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.184311 -0.006975 0.011714 0.027178 0.079041 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.164545 0.008644 19.035 <2e-16 *** Output:regressor 0.846489 0.337542 2.508 0.0132 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.05589 on 147 degrees of freedom Output:Multiple R-squared: 0.04103, Adjusted R-squared: 0.0345 Output:F-statistic: 6.289 on 1 and 147 DF, p-value: 0.01323 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.01964 0.0196417 6.2891 0.01323 Output:Residuals 147 0.45910 0.0031231 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.003234748 Output:[1] 0.0001852141 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 7.472553e-05 -0.00247501 Output:regressor -2.475010e-03 0.11393450 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.164545 0.017966 9.1586 4.182e-16 Output:regressor 0.846489 0.305364 2.7721 0.006291 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	CH	0.0209	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.198176 -0.006962 0.011404 0.028344 0.082330 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.15715 0.01345 11.68 <2e-16 *** Output:regressor 1.29462 0.63454 2.04 0.0431 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.05628 on 147 degrees of freedom Output:Multiple R-squared: 0.02754, Adjusted R-squared: 0.02092 Output:F-statistic: 4.163 on 1 and 147 DF, p-value: 0.04311 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.01318 0.0131835 4.1627 0.04311 Output:Residuals 147 0.46556 0.0031671 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.003234748 Output:[1] 5.314728e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0001809929 -0.008019748 Output:regressor -0.0080197476 0.402638069 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.157147 0.022257 7.0606 6.111e-11 ** Output:regressor 1.294625 0.653246 1.9818 0.04936 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	ES	0.0168	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.185773 -0.004325 0.010924 0.028052 0.071150 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.15539 0.01538 10.105 <2e-16 * Output:regressor 4.90908 2.61376 1.878 0.0623 . Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.0564 on 147 degrees of freedom Output:Multiple R-squared: 0.02343, Adjusted R-squared: 0.01679 Output:F-statistic: 3.528 on 1 and 147 DF, p-value: 0.06234 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.01122 0.0112190 3.5275 0.06234 . Output:Residuals 147 0.46752 0.0031804 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.003234748 Output:[1] 3.145529e-06 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0002364456 -0.03833417 Output:regressor -0.0383341671 6.83173194 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.15539 0.02526 6.1515 6.91e-09 Output:regressor 4.90908 2.70048 1.8179 0.07112 . Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"

Correlations for RO

Regressand	Regressor	R	R-Analysis Output
RO	RO	1.0000	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Error:Warning message: Error:In summary.lm(ols) : essentially perfect fit: summary may be unreliable Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-2.639e-17 -5.330e-20 1.646e-19 4.560e-19 3.616e-18 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -9.095e-18 3.619e-19 -2.513e+01 <2e-16 * Output:regressor 1.000e+00 1.413e-17 7.076e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 2.34e-18 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 5.008e+33 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.027412 0.027412 5.0075e+33 < 2.2e-16 Output:Residuals 147 0.000000 0.000000 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Error:Warning message: Error:In anova.lm(ols) : Error: ANOVA F-tests on an essentially perfect fit are unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0001852141 Output:[1] 0.0001852141 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.309761e-37 -4.338104e-36 Output:regressor -4.338104e-36 1.997001e-34 Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -9.0953e-18 4.4384e-19 -2.0492e+01 < 2.2e-16 * Output:regressor 1.0000e+00 1.5316e-17 6.5293e+16 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Error:Warning message: Error:In summary.lm(x) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------"
RO	GB	0.4887	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.031018 -0.006089 0.000085 0.004804 0.038377 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.002551 0.001793 1.423 0.157 Output:regressor 1.319765 0.110572 11.936 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.009731 on 147 degrees of freedom Output:Multiple R-squared: 0.4922, Adjusted R-squared: 0.4887 Output:F-statistic: 142.5 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.013491 0.0134910 142.46 < 2.2e-16 * Output:Residuals 147 0.013921 0.0000947 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0001852141 Output:[1] 5.233453e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 3.215684e-06 -0.0001776099 Output:regressor -1.776099e-04 0.0122262691 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0025510 0.0056501 0.4515 0.6523 Output:regressor 1.3197650 0.4460342 2.9589 0.0036 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	CH	0.4586	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.018964 -0.006458 -0.001038 0.004842 0.059753 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.003557 0.002394 -1.486 0.14 Output:regressor 1.269188 0.112911 11.241 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.01001 on 147 degrees of freedom Output:Multiple R-squared: 0.4622, Adjusted R-squared: 0.4586 Output:F-statistic: 126.4 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.012670 0.0126705 126.35 < 2.2e-16 * Output:Residuals 147 0.014741 0.0001003 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0001852141 Output:[1] 5.314728e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 5.730835e-06 -0.0002539318 Output:regressor -2.539318e-04 0.0127488571 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.0035566 0.0089408 -0.3978 0.69136 Output:regressor 1.2691883 0.5075366 2.5007 0.01349 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	FR	0.2812	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.020719 -0.006559 -0.002790 0.005404 0.073829 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.004196 0.002472 1.698 0.0917 . Output:regressor 1.725865 0.224869 7.675 2.12e-12 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.01154 on 147 degrees of freedom Output:Multiple R-squared: 0.2861, Adjusted R-squared: 0.2812 Output:F-statistic: 58.91 on 1 and 147 DF, p-value: 2.116e-12 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0078419 0.0078419 58.905 2.116e-12 * Output:Residuals 147 0.0195698 0.0001331 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0001852141 Output:[1] 1.778881e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 6.108587e-06 -0.000513525 Output:regressor -5.135250e-04 0.050566107 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.004196 0.007456 0.5628 0.57444 Output:regressor 1.725865 0.888793 1.9418 0.05407 . Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	DE	0.2483	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.025884 -0.005954 -0.001491 0.003460 0.089723 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.013330 0.001532 8.703 6.04e-15 * Output:regressor 0.482986 0.068377 7.064 6.01e-11 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.0118 on 147 degrees of freedom Output:Multiple R-squared: 0.2534, Adjusted R-squared: 0.2483 Output:F-statistic: 49.89 on 1 and 147 DF, p-value: 6.014e-11 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0069463 0.0069463 49.894 6.014e-11 Output:Residuals 147 0.0204654 0.0001392 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0001852141 Output:[1] 0.0002011965 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.346147e-06 -8.124454e-05 Output:regressor -8.124454e-05 4.675425e-03 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.013330 0.003213 4.1489 5.63e-05 * Output:regressor 0.482986 0.268769 1.7970 0.07438 . Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	ES	0.1891	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.020780 -0.007099 -0.002704 0.004969 0.081815 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.002730 0.003341 0.817 0.415 Output:regressor 3.384907 0.567990 5.959 1.79e-08 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.01226 on 147 degrees of freedom Output:Multiple R-squared: 0.1946, Adjusted R-squared: 0.1891 Output:F-statistic: 35.51 on 1 and 147 DF, p-value: 1.795e-08 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0053339 0.0053339 35.515 1.795e-08 * Output:Residuals 147 0.0220777 0.0001502 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0001852141 Output:[1] 3.145529e-06 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0000111656 -0.001810243 Output:regressor -0.0018102431 0.322612876 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0027297 0.0090365 0.3021 0.76302 Output:regressor 3.3849068 1.8876965 1.7931 0.07501 . Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	IT	0.0345	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.015697 -0.007294 -0.002138 0.004529 0.109590 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.012857 0.003701 3.473 0.000675 *** Output:regressor 0.048468 0.019327 2.508 0.013235 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.01337 on 147 degrees of freedom Output:Multiple R-squared: 0.04103, Adjusted R-squared: 0.0345 Output:F-statistic: 6.289 on 1 and 147 DF, p-value: 0.01323 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0011246 0.00112464 6.2891 0.01323 Output:Residuals 147 0.0262870 0.00017882 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0001852141 Output:[1] 0.003234748 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.370012e-05 -6.833065e-05 Output:regressor -6.833065e-05 3.735272e-04 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.012857 0.005736 2.2414 0.0265 Output:regressor 0.048468 0.042034 1.1531 0.2508 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"

Share of Positive News (for this topic)

Column=Regressor Row=Regressand		CH		DE		ES		FR		GB		IT		RO
CH		1.0000		0.0691		-0.0050		0.0382		0.1138		-0.0068		0.0832
DE		0.0691		1.0000		0.0606		0.0343		-0.0065		0.1137		0.2499
ES		-0.0050		0.0606		1.0000		0.1885		0.0369		0.0112		0.1714
FR		0.0382		0.0343		0.1885		1.0000		0.1188		0.0571		0.0182
GB		0.1138		-0.0065		0.0369		0.1188		1.0000		0.0014		-0.0062
IT		-0.0068		0.1137		0.0112		0.0571		0.0014		1.0000		0.0491
RO		0.0832		0.2499		0.1714		0.0182		-0.0062		0.0491		1.0000

Correlations for CH

Regressand	Regressor	R	R-Analysis Output
CH	CH	1.0000	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Error:Warning message: Error:In summary.lm(ols) : essentially perfect fit: summary may be unreliable Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-5.282e-16 5.800e-19 4.030e-18 6.420e-18 5.488e-17 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.183e-16 1.465e-17 1.490e+01 <2e-16 * Output:regressor 1.000e+00 3.090e-17 3.236e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 4.444e-17 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 1.047e+33 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 2.0674 2.0674 1.0471e+33 < 2.2e-16 Output:Residuals 147 0.0000 0.0000 Output:---Error: Warning message: Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Error:In anova.lm(ols) : Error: ANOVA F-tests on an essentially perfect fit are unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01396918 Output:[1] 0.01396918 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.146198e-34 -4.385363e-34 Output:regressor -4.385363e-34 9.550364e-34 Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Error:Warning message: Output:(Intercept) 2.1829e-16 4.1169e-18 5.3022e+01 < 2.2e-16 * Output:regressor 1.0000e+00 1.2662e-17 7.8978e+16 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Error:In summary.lm(x) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------"
CH	GB	0.1138	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.238909 -0.092016 -0.005841 0.078858 0.288669 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.38455 0.01902 20.223 < 2e-16 * Output:regressor 1.10153 0.24630 4.472 1.54e-05 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1113 on 147 degrees of freedom Output:Multiple R-squared: 0.1198, Adjusted R-squared: 0.1138 Output:F-statistic: 20 on 1 and 147 DF, p-value: 1.538e-05 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.24762 0.24762 20.002 1.538e-05 Output:Residuals 147 1.81982 0.01238 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01396918 Output:[1] 0.001378887 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0003615857 -0.004110297 Output:regressor -0.0041102973 0.060662595 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.384547 0.019908 19.3161 < 2.2e-16 * Output:regressor 1.101527 0.247935 4.4428 1.736e-05 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	RO	0.0832	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.279168 -0.084865 -0.003528 0.072433 0.266257 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.63924 0.04829 13.238 < 2e-16 * Output:regressor -0.25212 0.06636 -3.799 0.000212 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1132 on 147 degrees of freedom Output:Multiple R-squared: 0.08942, Adjusted R-squared: 0.08322 Output:F-statistic: 14.44 on 1 and 147 DF, p-value: 0.0002118 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.18486 0.184864 14.435 0.0002118 Output:Residuals 147 1.88257 0.012807 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01396918 Output:[1] 0.01965005 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.002331927 -0.003144904 Output:regressor -0.003144904 0.004403616 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.639240 0.059751 10.6984 < 2.2e-16 * Output:regressor -0.252123 0.077171 -3.2671 0.001353 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	DE	0.0691	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.266061 -0.088738 -0.001839 0.079614 0.275499 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.61474 0.04588 13.398 <2e-16 * Output:regressor -0.23823 0.06879 -3.463 7e-04 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.114 on 147 degrees of freedom Output:Multiple R-squared: 0.07542, Adjusted R-squared: 0.06913 Output:F-statistic: 11.99 on 1 and 147 DF, p-value: 0.0007001 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.15594 0.155935 11.992 0.0007001 Output:Residuals 147 1.91150 0.013003 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01396918 Output:[1] 0.0185648 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.002105174 -0.003090316 Output:regressor -0.003090316 0.004732662 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.614741 0.070712 8.6936 6.372e-15 *** Output:regressor -0.238230 0.102304 -2.3287 0.02124 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	FR	0.0382	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.24987 -0.09396 -0.00576 0.08339 0.34376 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.35761 0.03986 8.971 1.26e-15 * Output:regressor 0.16731 0.06377 2.623 0.00962 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1159 on 147 degrees of freedom Output:Multiple R-squared: 0.04473, Adjusted R-squared: 0.03823 Output:F-statistic: 6.883 on 1 and 147 DF, p-value: 0.009622 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.09247 0.092468 6.8825 0.009622 * Output:Residuals 147 1.97497 0.013435 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01396918 Output:[1] 0.02232072 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001589136 -0.002469066 Output:regressor -0.002469066 0.004066993 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.357612 0.046401 7.7070 1.771e-12 ** Output:regressor 0.167305 0.064706 2.5856 0.01069 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	ES	-0.0050	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.274607 -0.098332 0.005539 0.084082 0.306300 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.50000 0.08105 6.169 6.32e-09 * Output:regressor -0.05404 0.10654 -0.507 0.613 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1185 on 147 degrees of freedom Output:Multiple R-squared: 0.001747, Adjusted R-squared: -0.005044 Output:F-statistic: 0.2573 on 1 and 147 DF, p-value: 0.6128 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.00361 0.003612 0.2573 0.6128 Output:Residuals 147 2.06383 0.014040 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01396918 Output:[1] 0.008357087 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.006568622 -0.008572732 Output:regressor -0.008572732 0.011351132 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.50000 0.12695 3.9386 0.0001262 * Output:regressor -0.05404 0.16013 -0.3375 0.7362379 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	IT	-0.0068	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.273827 -0.099066 -0.001685 0.089176 0.304201 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.458372 0.034446 13.307 <2e-16 * Output:regressor 0.001048 0.042740 0.025 0.98 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1186 on 147 degrees of freedom Output:Multiple R-squared: 4.091e-06, Adjusted R-squared: -0.006799 Output:F-statistic: 0.0006014 on 1 and 147 DF, p-value: 0.9805 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.00001 0.0000085 6e-04 0.9805 Output:Residuals 147 2.06743 0.0140641 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01396918 Output:[1] 0.05202186 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001186503 -0.001412429 Output:regressor -0.001412429 0.001826694 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.4583723 0.0452166 10.1373 <2e-16 * Output:regressor 0.0010482 0.0553204 0.0189 0.9849 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"

Correlations for DE

Regressand	Regressor	R	R-Analysis Output
DE	DE	1.0000	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Error:Warning message: Error:In summary.lm(ols) : essentially perfect fit: summary may be unreliable Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-3.600e-17 -7.770e-18 -3.120e-18 6.900e-19 5.356e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -2.911e-16 1.838e-17 -1.583e+01 <2e-16 * Output:regressor 1.000e+00 2.756e-17 3.628e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 4.569e-17 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 1.316e+33 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 2.7476 2.7476 1.3162e+33 < 2.2e-16 Output:Residuals 147 0.0000 0.0000 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Error:Warning message: Error:In anova.lm(ols) : Error: ANOVA F-tests on an essentially perfect fit are unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0185648 Output:[1] 0.0185648 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 3.379560e-34 -4.961067e-34 Output:regressor -4.961067e-34 7.597622e-34 Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -2.9105e-16 2.5491e-17 -1.1418e+01 < 2.2e-16 * Output:regressor 1.0000e+00 4.4238e-17 2.2605e+16 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Error:Warning message: Error:In summary.lm(x) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------"
DE	RO	0.2499	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.310183 -0.069323 0.005392 0.074105 0.298758 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.30246 0.05036 6.007 1.42e-08 * Output:regressor 0.49081 0.06920 7.093 5.14e-11 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.118 on 147 degrees of freedom Output:Multiple R-squared: 0.255, Adjusted R-squared: 0.2499 Output:F-statistic: 50.31 on 1 and 147 DF, p-value: 5.138e-11 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.70056 0.70056 50.308 5.138e-11 Output:Residuals 147 2.04703 0.01393 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0185648 Output:[1] 0.01965005 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.002535635 -0.003419629 Output:regressor -0.003419629 0.004788298 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.302459 0.069316 4.3635 2.398e-05 * Output:regressor 0.490807 0.100296 4.8936 2.573e-06 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	IT	0.1137	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.38344 -0.08664 0.00697 0.09052 0.30689 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.81279 0.03726 21.816 < 2e-16 * Output:regressor -0.20668 0.04623 -4.471 1.55e-05 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1283 on 147 degrees of freedom Output:Multiple R-squared: 0.1197, Adjusted R-squared: 0.1137 Output:F-statistic: 19.99 on 1 and 147 DF, p-value: 1.547e-05 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.32889 0.32889 19.989 1.547e-05 Output:Residuals 147 2.41870 0.01645 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0185648 Output:[1] 0.05202186 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001388100 -0.001652413 Output:regressor -0.001652413 0.002137065 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.812785 0.028556 28.4628 < 2.2e-16 * Output:regressor -0.206681 0.038999 -5.2996 4.165e-07 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	CH	0.0691	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.38033 -0.10009 0.00292 0.09686 0.32750 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.79836 0.04334 18.420 <2e-16 * Output:regressor -0.31660 0.09143 -3.463 7e-04 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1315 on 147 degrees of freedom Output:Multiple R-squared: 0.07542, Adjusted R-squared: 0.06913 Output:F-statistic: 11.99 on 1 and 147 DF, p-value: 0.0007001 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.20724 0.207236 11.992 0.0007001 Output:Residuals 147 2.54036 0.017281 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0185648 Output:[1] 0.01396918 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001878428 -0.003838223 Output:regressor -0.003838223 0.008358813 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.798355 0.057809 13.8102 < 2e-16 *** Output:regressor -0.316604 0.131218 -2.4128 0.01706 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	ES	0.0606	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.34029 -0.08828 0.01307 0.08044 0.30999 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.36171 0.09033 4.004 9.84e-05 * Output:regressor 0.38567 0.11874 3.248 0.00144 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1321 on 147 degrees of freedom Output:Multiple R-squared: 0.06696, Adjusted R-squared: 0.06061 Output:F-statistic: 10.55 on 1 and 147 DF, p-value: 0.001441 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.18397 0.18397 10.549 0.001441 * Output:Residuals 147 2.56362 0.01744 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0185648 Output:[1] 0.008357087 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.008159344 -0.01064879 Output:regressor -0.010648787 0.01410003 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.36171 0.13466 2.6862 0.00806 * Output:regressor 0.38567 0.17629 2.1877 0.03027 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	FR	0.0343	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.35170 -0.09648 0.00729 0.09110 0.29251 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.54116 0.04605 11.75 <2e-16 *** Output:regressor 0.18418 0.07367 2.50 0.0135 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1339 on 147 degrees of freedom Output:Multiple R-squared: 0.04078, Adjusted R-squared: 0.03426 Output:F-statistic: 6.25 on 1 and 147 DF, p-value: 0.01352 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.11206 0.112060 6.2503 0.01352 Output:Residuals 147 2.63553 0.017929 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0185648 Output:[1] 0.02232072 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.002120648 -0.003294885 Output:regressor -0.003294885 0.005427264 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.541161 0.068858 7.8591 7.556e-13 Output:regressor 0.184179 0.106709 1.7260 0.08645 . Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	GB	-0.0065	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.38960 -0.09765 0.01353 0.10015 0.31999 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.65720 0.02336 28.131 <2e-16 * Output:regressor -0.06233 0.30259 -0.206 0.837 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1367 on 147 degrees of freedom Output:Multiple R-squared: 0.0002885, Adjusted R-squared: -0.006512 Output:F-statistic: 0.04243 on 1 and 147 DF, p-value: 0.8371 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.00079 0.0007928 0.0424 0.8371 Output:Residuals 147 2.74680 0.0186857 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0185648 Output:[1] 0.001378887 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0005457695 -0.006203993 Output:regressor -0.0062039933 0.091562800 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.657199 0.034318 19.1505 <2e-16 * Output:regressor -0.062329 0.408927 -0.1524 0.8791 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"

Correlations for ES

Regressand	Regressor	R	R-Analysis Output
ES	ES	1.0000	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Error:Warning message: Error:In summary.lm(ols) : essentially perfect fit: summary may be unreliable Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-2.391e-17 -1.473e-18 -2.329e-19 1.691e-18 2.872e-17 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.000e+00 4.014e-18 0.000e+00 1 Output:regressor 1.000e+00 5.276e-18 1.895e+17 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 5.868e-18 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 3.592e+34 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 1.2369 1.2369 3.5918e+34 < 2.2e-16 * Output:Residuals 147 0.0000 0.0000 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Error:Warning message: Error:In anova.lm(ols) : Error: ANOVA F-tests on an essentially perfect fit are unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.008357087 Output:[1] 0.008357087 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.611106e-35 -2.102659e-35 Output:regressor -2.102659e-35 2.784126e-35 Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0000e+00 7.3532e-18 0.0000e+00 1 Output:regressor 1.0000e+00 9.7459e-18 1.0261e+17 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Error:Warning message: Error:In summary.lm(x) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------"
ES	FR	0.1885	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.37440 -0.03703 0.00006 0.04892 0.15778 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.59163 0.02832 20.889 < 2e-16 * Output:regressor 0.26947 0.04531 5.947 1.91e-08 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.08235 on 147 degrees of freedom Output:Multiple R-squared: 0.1939, Adjusted R-squared: 0.1885 Output:F-statistic: 35.37 on 1 and 147 DF, p-value: 1.905e-08 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.23989 0.239885 35.371 1.905e-08 Output:Residuals 147 0.99696 0.006782 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.008357087 Output:[1] 0.02232072 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0008021945 -0.001246383 Output:regressor -0.0012463825 0.002053014 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.591634 0.039944 14.8115 < 2.2e-16 * Output:regressor 0.269474 0.059102 4.5595 1.072e-05 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	RO	0.1714	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.37520 -0.05387 0.00279 0.05310 0.19036 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.55927 0.03551 15.750 < 2e-16 * Output:regressor 0.27439 0.04880 5.623 9.16e-08 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.08321 on 147 degrees of freedom Output:Multiple R-squared: 0.177, Adjusted R-squared: 0.1714 Output:F-statistic: 31.62 on 1 and 147 DF, p-value: 9.156e-08 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.21896 0.218957 31.621 9.156e-08 Output:Residuals 147 1.01789 0.006924 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.008357087 Output:[1] 0.01965005 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001260853 -0.001700423 Output:regressor -0.001700423 0.002380998 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.559273 0.051875 10.7811 < 2.2e-16 * Output:regressor 0.274389 0.069329 3.9578 0.0001174 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	DE	0.0606	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.41707 -0.03905 0.00424 0.05453 0.19749 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.64187 0.03565 18.004 < 2e-16 * Output:regressor 0.17361 0.05345 3.248 0.00144 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.0886 on 147 degrees of freedom Output:Multiple R-squared: 0.06696, Adjusted R-squared: 0.06061 Output:F-statistic: 10.55 on 1 and 147 DF, p-value: 0.001441 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.08281 0.082815 10.549 0.001441 * Output:Residuals 147 1.15403 0.007851 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.008357087 Output:[1] 0.0185648 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001270959 -0.001865720 Output:regressor -0.001865720 0.002857256 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.641867 0.055298 11.607 < 2e-16 ** Output:regressor 0.173611 0.077644 2.236 0.02686 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	GB	0.0369	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.45176 -0.03783 0.00484 0.06015 0.17581 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.72047 0.01533 46.990 <2e-16 *** Output:regressor 0.51307 0.19859 2.584 0.0108 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.08971 on 147 degrees of freedom Output:Multiple R-squared: 0.04343, Adjusted R-squared: 0.03693 Output:F-statistic: 6.675 on 1 and 147 DF, p-value: 0.01075 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.05372 0.053720 6.6746 0.01075 Output:Residuals 147 1.18313 0.008048 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.008357087 Output:[1] 0.001378887 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0002350793 -0.002672246 Output:regressor -0.0026722459 0.039438842 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.720468 0.026008 27.7018 <2e-16 Output:regressor 0.513068 0.324356 1.5818 0.1158 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	IT	0.0112	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.4345 -0.0353 0.0025 0.0562 0.1812 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.79672 0.02640 30.176 <2e-16 * Output:regressor -0.05366 0.03276 -1.638 0.104 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.0909 on 147 degrees of freedom Output:Multiple R-squared: 0.01792, Adjusted R-squared: 0.01124 Output:F-statistic: 2.682 on 1 and 147 DF, p-value: 0.1036 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.02217 0.0221655 2.6825 0.1036 Output:Residuals 147 1.21468 0.0082632 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.008357087 Output:[1] 0.05202186 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0006971097 -0.0008298488 Output:regressor -0.0008298488 0.0010732432 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.796719 0.041323 19.28 <2e-16 * Output:regressor -0.053656 0.050145 -1.07 0.2864 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	CH	-0.0050	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.42819 -0.04017 0.00234 0.05512 0.17762 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.77008 0.03022 25.486 <2e-16 * Output:regressor -0.03233 0.06374 -0.507 0.613 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.09165 on 147 degrees of freedom Output:Multiple R-squared: 0.001747, Adjusted R-squared: -0.005044 Output:F-statistic: 0.2573 on 1 and 147 DF, p-value: 0.6128 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.00216 0.0021609 0.2573 0.6128 Output:Residuals 147 1.23469 0.0083992 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.008357087 Output:[1] 0.01396918 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0009129716 -0.001865490 Output:regressor -0.0018654901 0.004062631 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.770077 0.039440 19.5252 <2e-16 * Output:regressor -0.032329 0.094887 -0.3407 0.7338 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"

Correlations for FR

Regressand	Regressor	R	R-Analysis Output
FR	FR	1.0000	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Error:Warning message: Error:In summary.lm(ols) : essentially perfect fit: summary may be unreliable Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-4.240e-17 -3.203e-18 -1.812e-18 2.700e-19 2.847e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -2.911e-16 8.535e-18 -3.410e+01 <2e-16 * Output:regressor 1.000e+00 1.365e-17 7.324e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 2.482e-17 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 5.364e+33 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 3.3035 3.3035 5.364e+33 < 2.2e-16 Output:Residuals 147 0.0000 0.0000 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Error:Warning message: Error:In anova.lm(ols) : Error: ANOVA F-tests on an essentially perfect fit are unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.02232072 Output:[1] 0.02232072 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 7.284538e-35 -1.131810e-34 Output:regressor -1.131810e-34 1.864294e-34 Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -2.9105e-16 4.0117e-18 -7.2551e+01 < 2.2e-16 * Output:regressor 1.0000e+00 6.7745e-18 1.4761e+17 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Error:Warning message: Error:In summary.lm(x) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------"
FR	ES	0.1885	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.35242 -0.08150 0.00522 0.08564 0.45664 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.06354 0.09206 0.690 0.491 Output:regressor 0.71973 0.12102 5.947 1.91e-08 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1346 on 147 degrees of freedom Output:Multiple R-squared: 0.1939, Adjusted R-squared: 0.1885 Output:F-statistic: 35.37 on 1 and 147 DF, p-value: 1.905e-08 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.6407 0.64070 35.371 1.905e-08 * Output:Residuals 147 2.6628 0.01811 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.02232072 Output:[1] 0.008357087 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.008474881 -0.01106060 Output:regressor -0.011060596 0.01464531 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.063535 0.095310 0.6666 0.5061 Output:regressor 0.719731 0.126426 5.6929 6.562e-08 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	GB	0.1188	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.33779 -0.09757 0.01199 0.08803 0.34041 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.51082 0.02397 21.312 < 2e-16 * Output:regressor 1.42098 0.31046 4.577 9.96e-06 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1402 on 147 degrees of freedom Output:Multiple R-squared: 0.1247, Adjusted R-squared: 0.1188 Output:F-statistic: 20.95 on 1 and 147 DF, p-value: 9.959e-06 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.41207 0.41207 20.95 9.959e-06 Output:Residuals 147 2.89140 0.01967 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.02232072 Output:[1] 0.001378887 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0005745008 -0.006530594 Output:regressor -0.0065305937 0.096382994 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.510818 0.027831 18.354 < 2.2e-16 * Output:regressor 1.420981 0.317750 4.472 1.54e-05 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	IT	0.0571	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.36689 -0.08973 0.00855 0.08496 0.38729 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.73468 0.04214 17.435 < 2e-16 * Output:regressor -0.16500 0.05228 -3.156 0.00194 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1451 on 147 degrees of freedom Output:Multiple R-squared: 0.06345, Adjusted R-squared: 0.05708 Output:F-statistic: 9.959 on 1 and 147 DF, p-value: 0.001942 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.20961 0.209609 9.9592 0.001942 * Output:Residuals 147 3.09386 0.021047 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.02232072 Output:[1] 0.05202186 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001775572 -0.002113665 Output:regressor -0.002113665 0.002733603 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.734678 0.059279 12.3936 < 2e-16 ** Output:regressor -0.164999 0.071785 -2.2985 0.02294 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	CH	0.0382	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.37136 -0.08045 0.00081 0.09029 0.34857 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.48435 0.04831 10.027 < 2e-16 * Output:regressor 0.26733 0.10190 2.623 0.00962 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1465 on 147 degrees of freedom Output:Multiple R-squared: 0.04473, Adjusted R-squared: 0.03823 Output:F-statistic: 6.883 on 1 and 147 DF, p-value: 0.009622 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.14775 0.147750 6.8825 0.009622 * Output:Residuals 147 3.15572 0.021467 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.02232072 Output:[1] 0.01396918 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.002333447 -0.004767972 Output:regressor -0.004767972 0.010383603 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.484346 0.055609 8.7098 5.799e-15 ** Output:regressor 0.267330 0.123305 2.1680 0.03176 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	DE	0.0343	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.38612 -0.08845 -0.01012 0.10027 0.37142 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.46250 0.05907 7.829 8.94e-13 *** Output:regressor 0.22144 0.08857 2.500 0.0135 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1468 on 147 degrees of freedom Output:Multiple R-squared: 0.04078, Adjusted R-squared: 0.03426 Output:F-statistic: 6.25 on 1 and 147 DF, p-value: 0.01352 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.1347 0.134731 6.2503 0.01352 Output:Residuals 147 3.1687 0.021556 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.02232072 Output:[1] 0.0185648 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.003489787 -0.005122876 Output:regressor -0.005122876 0.007845424 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.46250 0.07631 6.0608 1.087e-08 Output:regressor 0.22144 0.11556 1.9162 0.05728 . Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	RO	0.0182	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.37426 -0.09606 -0.00555 0.08289 0.44987 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.48713 0.06317 7.712 1.73e-12 * Output:regressor 0.16798 0.08681 1.935 0.0549 . Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.148 on 147 degrees of freedom Output:Multiple R-squared: 0.02484, Adjusted R-squared: 0.01821 Output:F-statistic: 3.745 on 1 and 147 DF, p-value: 0.0549 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0821 0.082062 3.7447 0.0549 . Output:Residuals 147 3.2214 0.021914 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.02232072 Output:[1] 0.01965005 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.003990323 -0.005381463 Output:regressor -0.005381463 0.007535334 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.487133 0.098979 4.9216 2.276e-06 Output:regressor 0.167981 0.132646 1.2664 0.2074 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"

Correlations for GB

Regressand	Regressor	R	R-Analysis Output
GB	GB	1.0000	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Error:Warning message: Error:In summary.lm(ols) : essentially perfect fit: summary may be unreliable Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-2.022e-17 -2.231e-18 -1.392e-18 -2.000e-19 1.664e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.819e-17 2.423e-18 7.508e+00 5.33e-12 * Output:regressor 1.000e+00 3.138e-17 3.187e+16 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.418e-17 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 1.015e+33 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.20408 0.20408 1.0155e+33 < 2.2e-16 Output:Residuals 147 0.00000 0.00000 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Error:Warning message: Error:In anova.lm(ols) : Error: ANOVA F-tests on an essentially perfect fit are unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.001378887 Output:[1] 0.001378887 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 5.869629e-36 -6.672256e-35 Output:regressor -6.672256e-35 9.847374e-34 Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.8191e-17 4.8595e-18 3.7433e+00 0.00026 * Output:regressor 1.0000e+00 5.6034e-17 1.7846e+16 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Error:Warning message: Error:In summary.lm(x) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------"
GB	FR	0.1188	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.070478 -0.025274 0.000177 0.020032 0.134172 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.01446 0.01199 1.206 0.23 Output:regressor 0.08778 0.01918 4.577 9.96e-06 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.03486 on 147 degrees of freedom Output:Multiple R-squared: 0.1247, Adjusted R-squared: 0.1188 Output:F-statistic: 20.95 on 1 and 147 DF, p-value: 9.959e-06 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.025456 0.0254559 20.95 9.959e-06 * Output:Residuals 147 0.178619 0.0012151 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.001378887 Output:[1] 0.02232072 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0001437239 -0.0002233062 Output:regressor -0.0002233062 0.0003678252 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.014464 0.010983 1.317 0.1899 Output:regressor 0.087783 0.017655 4.972 1.823e-06 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	CH	0.1138	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.073397 -0.021020 -0.003493 0.015814 0.151821 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.01783 0.01153 1.547 0.124 Output:regressor 0.10873 0.02431 4.472 1.54e-05 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.03496 on 147 degrees of freedom Output:Multiple R-squared: 0.1198, Adjusted R-squared: 0.1138 Output:F-statistic: 20 on 1 and 147 DF, p-value: 1.538e-05 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.024442 0.024442 20.002 1.538e-05 * Output:Residuals 147 0.179633 0.001222 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.001378887 Output:[1] 0.01396918 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0001328271 -0.0002714078 Output:regressor -0.0002714078 0.0005910670 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0178294 0.0099635 1.7895 0.0756 . Output:regressor 0.1087309 0.0249379 4.3601 2.431e-05 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	ES	0.0369	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.076462 -0.024066 -0.001113 0.016444 0.138339 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.003823 0.024926 0.153 0.8783 Output:regressor 0.084654 0.032767 2.584 0.0108 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.03644 on 147 degrees of freedom Output:Multiple R-squared: 0.04343, Adjusted R-squared: 0.03693 Output:F-statistic: 6.675 on 1 and 147 DF, p-value: 0.01075 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.008864 0.0088637 6.6746 0.01075 Output:Residuals 147 0.195212 0.0013280 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.001378887 Output:[1] 0.008357087 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0006213078 -0.0008108709 Output:regressor -0.0008108709 0.0010736721 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0038232 0.0282088 0.1355 0.89238 Output:regressor 0.0846542 0.0377384 2.2432 0.02638 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	IT	0.0014	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.079141 -0.025705 -0.002689 0.018633 0.151641 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.07914 0.01078 7.343 1.32e-11 * Output:regressor -0.01472 0.01337 -1.101 0.273 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.03711 on 147 degrees of freedom Output:Multiple R-squared: 0.008178, Adjusted R-squared: 0.001431 Output:F-statistic: 1.212 on 1 and 147 DF, p-value: 0.2727 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.001669 0.0016689 1.212 0.2727 Output:Residuals 147 0.202406 0.0013769 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.001378887 Output:[1] 0.05202186 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0001161615 -0.0001382802 Output:regressor -0.0001382802 0.0001788378 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.079141 0.013544 5.8431 3.174e-08 * Output:regressor -0.014723 0.017232 -0.8544 0.3943 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	RO	-0.0062	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.067316 -0.026891 -0.002131 0.018416 0.151241 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.072208 0.015895 4.543 1.15e-05 * Output:regressor -0.006233 0.021843 -0.285 0.776 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.03725 on 147 degrees of freedom Output:Multiple R-squared: 0.0005537, Adjusted R-squared: -0.006245 Output:F-statistic: 0.08144 on 1 and 147 DF, p-value: 0.7758 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.000113 0.00011299 0.0814 0.7758 Output:Residuals 147 0.203962 0.00138750 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.001378887 Output:[1] 0.01965005 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0002526462 -0.0003407258 Output:regressor -0.0003407258 0.0004770975 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0722082 0.0232647 3.1038 0.002292 Output:regressor -0.0062332 0.0317167 -0.1965 0.844469 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	DE	-0.0065	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.067768 -0.026297 -0.001682 0.017964 0.149586 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.070780 0.014990 4.722 5.4e-06 * Output:regressor -0.004629 0.022475 -0.206 0.837 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.03725 on 147 degrees of freedom Output:Multiple R-squared: 0.0002885, Adjusted R-squared: -0.006512 Output:F-statistic: 0.04243 on 1 and 147 DF, p-value: 0.8371 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.000059 0.00005889 0.0424 0.8371 Output:Residuals 147 0.204016 0.00138787 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.001378887 Output:[1] 0.0185648 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0002246871 -0.0003298321 Output:regressor -0.0003298321 0.0005051212 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0707796 0.0194375 3.6414 0.000375 * Output:regressor -0.0046294 0.0300680 -0.1540 0.877848 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"

Correlations for IT

Regressand	Regressor	R	R-Analysis Output
IT	IT	1.0000	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Error:Warning message: Error:In summary.lm(ols) : essentially perfect fit: summary may be unreliable Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.914e-15 -8.660e-18 3.370e-18 1.008e-17 2.376e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -7.276e-16 4.804e-17 -1.515e+01 <2e-16 * Output:regressor 1.000e+00 5.961e-17 1.678e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.654e-16 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 2.814e+32 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 7.6992 7.6992 2.8143e+32 < 2.2e-16 Output:Residuals 147 0.0000 0.0000 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Error:Warning message: Error:In anova.lm(ols) : Error: ANOVA F-tests on an essentially perfect fit are unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.05202186 Output:[1] 0.05202186 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.308003e-33 -2.747478e-33 Output:regressor -2.747478e-33 3.553312e-33 Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -7.2762e-16 1.5198e-16 -4.7878e+00 4.073e-06 * Output:regressor 1.0000e+00 1.8089e-16 5.5283e+15 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Error:Warning message: Error:In summary.lm(x) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------"
IT	DE	0.1137	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.77463 -0.01796 0.05491 0.10853 0.29072 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.1514 0.0864 13.327 < 2e-16 * Output:regressor -0.5792 0.1295 -4.471 1.55e-05 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2147 on 147 degrees of freedom Output:Multiple R-squared: 0.1197, Adjusted R-squared: 0.1137 Output:F-statistic: 19.99 on 1 and 147 DF, p-value: 1.547e-05 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.9216 0.92160 19.989 1.547e-05 Output:Residuals 147 6.7776 0.04611 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.05202186 Output:[1] 0.0185648 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.007464336 -0.01095736 Output:regressor -0.010957362 0.01678064 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.15139 0.27562 4.1775 5.034e-05 * Output:regressor -0.57916 0.49379 -1.1729 0.2427 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	FR	0.0571	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.78752 0.00028 0.05671 0.10062 0.23386 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.00668 0.07617 13.216 < 2e-16 * Output:regressor -0.38455 0.12186 -3.156 0.00194 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2215 on 147 degrees of freedom Output:Multiple R-squared: 0.06345, Adjusted R-squared: 0.05708 Output:F-statistic: 9.959 on 1 and 147 DF, p-value: 0.001942 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.4885 0.48852 9.9592 0.001942 * Output:Residuals 147 7.2107 0.04905 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.05202186 Output:[1] 0.02232072 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.005802011 -0.009014678 Output:regressor -0.009014678 0.014848783 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.00668 0.24475 4.1131 6.473e-05 Output:regressor -0.38455 0.49394 -0.7785 0.4375 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	RO	0.0491	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.76772 0.00042 0.06594 0.11329 0.19459 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.04707 0.09491 11.03 < 2e-16 * Output:regressor -0.38346 0.13042 -2.94 0.00381 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2224 on 147 degrees of freedom Output:Multiple R-squared: 0.05554, Adjusted R-squared: 0.04912 Output:F-statistic: 8.645 on 1 and 147 DF, p-value: 0.003811 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.4276 0.42762 8.6446 0.003811 * Output:Residuals 147 7.2716 0.04947 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.05202186 Output:[1] 0.01965005 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.009007284 -0.01214748 Output:regressor -0.012147481 0.01700937 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.04707 0.25121 4.1681 5.222e-05 Output:regressor -0.38346 0.43287 -0.8858 0.3771 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	ES	0.0112	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.79500 0.02623 0.06608 0.09641 0.15963 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.0255 0.1551 6.610 6.62e-10 * Output:regressor -0.3340 0.2039 -1.638 0.104 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2268 on 147 degrees of freedom Output:Multiple R-squared: 0.01792, Adjusted R-squared: 0.01124 Output:F-statistic: 2.682 on 1 and 147 DF, p-value: 0.1036 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.1380 0.137978 2.6825 0.1036 Output:Residuals 147 7.5613 0.051437 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.05202186 Output:[1] 0.008357087 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.02406552 -0.03140799 Output:regressor -0.03140799 0.04158724 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.02546 0.20826 4.9239 2.253e-06 * Output:regressor -0.33400 0.31497 -1.0604 0.2907 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	GB	0.0014	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.81085 0.03811 0.06292 0.08776 0.17065 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.81085 0.03895 20.817 <2e-16 * Output:regressor -0.55545 0.50453 -1.101 0.273 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2279 on 147 degrees of freedom Output:Multiple R-squared: 0.008178, Adjusted R-squared: 0.001431 Output:F-statistic: 1.212 on 1 and 147 DF, p-value: 0.2727 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0630 0.062962 1.212 0.2727 Output:Residuals 147 7.6363 0.051947 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.05202186 Output:[1] 0.001378887 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001517274 -0.01724749 Output:regressor -0.017247494 0.25455038 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.810851 0.040685 19.9300 <2e-16 * Output:regressor -0.555448 0.689293 -0.8058 0.4216 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	CH	-0.0068	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.77403 0.03717 0.06556 0.08739 0.14275 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.771424 0.075452 10.224 <2e-16 * Output:regressor 0.003903 0.159165 0.025 0.98 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2289 on 147 degrees of freedom Output:Multiple R-squared: 4.091e-06, Adjusted R-squared: -0.006799 Output:F-statistic: 0.0006014 on 1 and 147 DF, p-value: 0.9805 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0000 0.000031 6e-04 0.9805 Output:Residuals 147 7.6992 0.052376 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.05202186 Output:[1] 0.01396918 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.005693061 -0.01163273 Output:regressor -0.011632727 0.02533354 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.7714236 0.0712928 10.820 <2e-16 * Output:regressor 0.0039034 0.2438707 0.016 0.9873 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"

Correlations for RO

Regressand	Regressor	R	R-Analysis Output
RO	RO	1.0000	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Error:Warning message: Error:In summary.lm(ols) : essentially perfect fit: summary may be unreliable Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-2.890e-17 -6.060e-18 -1.760e-18 6.000e-19 3.731e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -2.911e-16 1.379e-17 -2.111e+01 <2e-16 * Output:regressor 1.000e+00 1.895e-17 5.278e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 3.231e-17 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 2.786e+33 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 2.9082 2.9082 2.7857e+33 < 2.2e-16 Output:Residuals 147 0.0000 0.0000 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Error:Warning message: Error:In anova.lm(ols) : Error: ANOVA F-tests on an essentially perfect fit are unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01965005 Output:[1] 0.01965005 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.900932e-34 -2.563651e-34 Output:regressor -2.563651e-34 3.589724e-34 Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -2.9105e-16 1.3225e-17 -2.2008e+01 < 2.2e-16 * Output:regressor 1.0000e+00 2.1405e-17 4.6717e+16 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Error:Warning message: Error:In summary.lm(x) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------"
RO	DE	0.2499	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.38957 -0.07616 0.02196 0.07848 0.23475 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.37494 0.04885 7.676 2.11e-12 * Output:regressor 0.51950 0.07324 7.093 5.14e-11 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1214 on 147 degrees of freedom Output:Multiple R-squared: 0.255, Adjusted R-squared: 0.2499 Output:F-statistic: 50.31 on 1 and 147 DF, p-value: 5.138e-11 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.74152 0.74152 50.308 5.138e-11 Output:Residuals 147 2.16669 0.01474 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01965005 Output:[1] 0.0185648 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.002386218 -0.003502878 Output:regressor -0.003502878 0.005364480 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.374944 0.067473 5.5569 1.254e-07 * Output:regressor 0.519498 0.093795 5.5387 1.367e-07 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	ES	0.1714	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.33313 -0.08900 0.01057 0.09730 0.24968 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.22691 0.08728 2.600 0.0103 * Output:regressor 0.64517 0.11473 5.623 9.16e-08 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1276 on 147 degrees of freedom Output:Multiple R-squared: 0.177, Adjusted R-squared: 0.1714 Output:F-statistic: 31.62 on 1 and 147 DF, p-value: 9.156e-08 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.51483 0.51483 31.621 9.156e-08 * Output:Residuals 147 2.39337 0.01628 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01965005 Output:[1] 0.008357087 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.007617485 -0.009941605 Output:regressor -0.009941605 0.013163654 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.22691 0.12067 1.8804 0.06204 . Output:regressor 0.64517 0.15157 4.2565 3.683e-05 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	CH	0.0832	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.38522 -0.09029 0.00764 0.09133 0.29387 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.87702 0.04425 19.819 < 2e-16 * Output:regressor -0.35465 0.09335 -3.799 0.000212 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1342 on 147 degrees of freedom Output:Multiple R-squared: 0.08942, Adjusted R-squared: 0.08322 Output:F-statistic: 14.44 on 1 and 147 DF, p-value: 0.0002118 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.26004 0.260043 14.435 0.0002118 Output:Residuals 147 2.64816 0.018015 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01965005 Output:[1] 0.01396918 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001958146 -0.004001112 Output:regressor -0.004001112 0.008713550 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.877015 0.053452 16.4076 < 2.2e-16 * Output:regressor -0.354655 0.130898 -2.7094 0.007541 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	IT	0.0491	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.41230 -0.07524 0.02384 0.09414 0.29214 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.82616 0.03970 20.81 < 2e-16 * Output:regressor -0.14484 0.04926 -2.94 0.00381 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1367 on 147 degrees of freedom Output:Multiple R-squared: 0.05554, Adjusted R-squared: 0.04912 Output:F-statistic: 8.645 on 1 and 147 DF, p-value: 0.003811 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.16152 0.161523 8.6446 0.003811 * Output:Residuals 147 2.74668 0.018685 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01965005 Output:[1] 0.05202186 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001576329 -0.001876483 Output:regressor -0.001876483 0.002426855 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.826158 0.028966 28.5218 < 2.2e-16 Output:regressor -0.144842 0.038208 -3.7908 0.0002185 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	FR	0.0182	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.40070 -0.09159 0.02001 0.10211 0.30042 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.62439 0.04777 13.071 <2e-16 * Output:regressor 0.14788 0.07642 1.935 0.0549 . Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1389 on 147 degrees of freedom Output:Multiple R-squared: 0.02484, Adjusted R-squared: 0.01821 Output:F-statistic: 3.745 on 1 and 147 DF, p-value: 0.0549 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.07224 0.072244 3.7447 0.0549 . Output:Residuals 147 2.83596 0.019292 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01965005 Output:[1] 0.02232072 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.002281924 -0.003545462 Output:regressor -0.003545462 0.005840008 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.624385 0.083505 7.4772 6.328e-12 Output:regressor 0.147882 0.130006 1.1375 0.2572 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	GB	-0.0062	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.41825 -0.07798 0.02350 0.08942 0.28552 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.72018 0.02403 29.968 <2e-16 * Output:regressor -0.08883 0.31127 -0.285 0.776 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1406 on 147 degrees of freedom Output:Multiple R-squared: 0.0005537, Adjusted R-squared: -0.006245 Output:F-statistic: 0.08144 on 1 and 147 DF, p-value: 0.7758 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.00161 0.0016102 0.0814 0.7758 Output:Residuals 147 2.90660 0.0197728 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01965005 Output:[1] 0.001378887 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0005775204 -0.006564919 Output:regressor -0.0065649188 0.096889587 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.720183 0.037018 19.4551 <2e-16 * Output:regressor -0.088827 0.432644 -0.2053 0.8376 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"

Index (in comparison to mean)

Column=Regressor Row=Regressand		CH		DE		ES		FR		GB		IT		RO
CH		1.0000		0.7885		0.0214		0.4737		0.8163		0.6424		0.7968
DE		0.7885		1.0000		0.0022		0.2048		0.5265		0.3531		0.7452
ES		0.0214		0.0022		1.0000		0.3908		0.1350		-0.0038		0.0328
FR		0.4737		0.2048		0.3908		1.0000		0.7372		0.4108		0.1885
GB		0.8163		0.5265		0.1350		0.7372		1.0000		0.5665		0.5763
IT		0.6424		0.3531		-0.0038		0.4108		0.5665		1.0000		0.6829
RO		0.7968		0.7452		0.0328		0.1885		0.5763		0.6829		1.0000

Correlations for CH

Regressand	Regressor	R	R-Analysis Output
CH	CH	1.0000	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Error:Warning message: Error:In summary.lm(ols) : essentially perfect fit: summary may be unreliable Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.865e-16 -4.422e-17 -1.843e-17 3.653e-17 4.668e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.911e-16 1.225e-17 2.376e+01 <2e-16 * Output:regressor 1.000e+00 5.727e-18 1.746e+17 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 8.495e-17 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 3.049e+34 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 220.03 220.03 3.0491e+34 < 2.2e-16 Output:Residuals 147 0.00 0.00 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Error:Warning message: Error:In anova.lm(ols) : Error: ANOVA F-tests on an essentially perfect fit are unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.486702 Output:[1] 1.486702 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.500064e-34 5.771759e-35 Output:regressor 5.771759e-35 3.279680e-35 Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.9105e-16 1.1390e-17 2.5553e+01 < 2.2e-16 * Output:regressor 1.0000e+00 5.8688e-18 1.7039e+17 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Error:Warning message: Error:In summary.lm(x) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------"
CH	GB	0.8163	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.34034 -0.34615 -0.07878 0.40348 1.17021 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.58036 0.06281 -9.24 2.58e-16 * Output:regressor 2.94891 0.11490 25.67 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.5226 on 147 degrees of freedom Output:Multiple R-squared: 0.8176, Adjusted R-squared: 0.8163 Output:F-statistic: 658.7 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 179.889 179.889 658.74 < 2.2e-16 Output:Residuals 147 40.143 0.273 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.486702 Output:[1] 0.1397718 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.003944675 0.005280116 Output:regressor 0.005280116 0.013201079 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.58036 0.61475 -0.9441 0.3466862 Output:regressor 2.94891 0.84787 3.4780 0.0006647 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	RO	0.7968	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.9272 -0.4142 -0.1193 0.3380 1.3359 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.01577 0.08632 0.183 0.855 Output:regressor -0.69398 0.02878 -24.112 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.5496 on 147 degrees of freedom Output:Multiple R-squared: 0.7982, Adjusted R-squared: 0.7968 Output:F-statistic: 581.4 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 175.626 175.626 581.38 < 2.2e-16 * Output:Residuals 147 44.406 0.302 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.486702 Output:[1] 2.463964 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.007450362 -0.0021194970 Output:regressor -0.002119497 0.0008283782 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.015767 0.716771 0.0220 0.982480 Output:regressor -0.693979 0.232867 -2.9802 0.003372 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	DE	0.7885	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.98504 -0.37513 -0.03188 0.23447 1.39872 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.63354 0.11168 5.673 7.23e-08 * Output:regressor -0.73165 0.03112 -23.511 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.5607 on 147 degrees of freedom Output:Multiple R-squared: 0.7899, Adjusted R-squared: 0.7885 Output:F-statistic: 552.8 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 173.811 173.811 552.78 < 2.2e-16 Output:Residuals 147 46.221 0.314 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.486702 Output:[1] 2.193879 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.012472981 -0.0031678257 Output:regressor -0.003167826 0.0009683871 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.63354 0.80693 0.7851 0.4336 Output:regressor -0.73165 0.15424 -4.7434 4.926e-06 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	IT	0.6424	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.27299 -0.52028 -0.05275 0.44623 1.75918 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.08575 0.11861 -0.723 0.471 Output:regressor -2.10311 0.12873 -16.337 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.7291 on 147 degrees of freedom Output:Multiple R-squared: 0.6448, Adjusted R-squared: 0.6424 Output:F-statistic: 266.9 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 141.885 141.885 266.89 < 2.2e-16 * Output:Residuals 147 78.147 0.532 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.486702 Output:[1] 0.2167465 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.01406877 -0.01319180 Output:regressor -0.01319180 0.01657226 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.085747 5.319718 -0.0161 0.9872 Output:regressor -2.103106 1.667480 -1.2612 0.2092 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	FR	0.4737	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.49132 -0.74396 -0.09967 0.39206 2.17430 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.93239 0.10176 -9.163 4.08e-16 * Output:regressor 0.69232 0.05977 11.584 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.8846 on 147 degrees of freedom Output:Multiple R-squared: 0.4772, Adjusted R-squared: 0.4737 Output:F-statistic: 134.2 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 105.00 105.001 134.18 < 2.2e-16 Output:Residuals 147 115.03 0.783 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.486702 Output:[1] 1.480189 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.010354637 0.004269368 Output:regressor 0.004269368 0.003572068 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.93239 1.75927 -0.530 0.596921 Output:regressor 0.69232 0.22819 3.034 0.002854 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	ES	0.0214	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.6816 -1.1703 -0.1174 1.0046 1.9694 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -1.7078 0.1020 -16.741 <2e-16 *** Output:regressor 0.4294 0.2088 2.057 0.0415 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.206 on 147 degrees of freedom Output:Multiple R-squared: 0.02798, Adjusted R-squared: 0.02136 Output:F-statistic: 4.231 on 1 and 147 DF, p-value: 0.04147 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 6.155 6.1555 4.2307 0.04147 Output:Residuals 147 213.876 1.4549 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.486702 Output:[1] 0.2255776 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.01040630 0.00528779 Output:regressor 0.00528779 0.04358007 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -1.70775 2.13195 -0.8010 0.4244 Output:regressor 0.42939 2.02341 0.2122 0.8322 Output: Output:[1] "-------------------------------------------------------------------------------------------"

Correlations for DE

Regressand	Regressor	R	R-Analysis Output
DE	DE	1.0000	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Error:Warning message: Error:In summary.lm(ols) : essentially perfect fit: summary may be unreliable Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-6.436e-16 -5.120e-17 1.181e-17 4.994e-17 3.779e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.000e+00 2.151e-17 0.000e+00 1 Output:regressor 1.000e+00 5.994e-18 1.668e+17 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.08e-16 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 2.783e+34 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 324.69 324.69 2.783e+34 < 2.2e-16 * Output:Residuals 147 0.00 0.00 Output:Error:--- Warning message: Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Error:In anova.lm(ols) : Error: ANOVA F-tests on an essentially perfect fit are unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.193879 Output:[1] 2.193879 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 4.628113e-34 -1.175425e-34 Output:regressor -1.175425e-34 3.593211e-35 Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0000e+00 4.2250e-17 0.0000e+00 1 Output:Error:Warning message:regressor 1.0000e+00 1.1149e-17 8.9695e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Error:In summary.lm(x) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------"
DE	CH	0.7885	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.4247 -0.6358 0.1176 0.4155 1.5135 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.37118 0.09821 13.96 <2e-16 * Output:regressor -1.07967 0.04592 -23.51 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.6812 on 147 degrees of freedom Output:Multiple R-squared: 0.7899, Adjusted R-squared: 0.7885 Output:F-statistic: 552.8 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 256.487 256.487 552.78 < 2.2e-16 Output:Residuals 147 68.207 0.464 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.193879 Output:[1] 1.486702 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.009645057 0.003711105 Output:regressor 0.003711105 0.002108757 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.37118 1.66566 0.8232 0.4117 Output:regressor -1.07967 0.66003 -1.6358 0.1040 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	RO	0.7452	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.5450 -0.6551 -0.1584 0.7344 1.2241 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.18473 0.11743 10.09 <2e-16 * Output:regressor 0.81549 0.03916 20.83 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.7477 on 147 degrees of freedom Output:Multiple R-squared: 0.7469, Adjusted R-squared: 0.7452 Output:F-statistic: 433.8 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 242.510 242.510 433.77 < 2.2e-16 Output:Residuals 147 82.185 0.559 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.193879 Output:[1] 2.463964 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.013788765 -0.003922661 Output:regressor -0.003922661 0.001533122 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.18473 1.77170 0.6687 0.5047 Output:regressor 0.81549 0.52463 1.5544 0.1222 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	GB	0.5265	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-2.3898 -0.6479 0.2963 0.6247 1.7883 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.1179 0.1225 17.29 <2e-16 * Output:regressor -2.8835 0.2241 -12.87 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.019 on 147 degrees of freedom Output:Multiple R-squared: 0.5297, Adjusted R-squared: 0.5265 Output:F-statistic: 165.6 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 172.00 172.003 165.59 < 2.2e-16 Output:Residuals 147 152.69 1.039 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.193879 Output:[1] 0.1397718 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.01500434 0.02008395 Output:regressor 0.02008395 0.05021288 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.1179 2.0713 1.0225 0.3082 Output:regressor -2.8835 2.9263 -0.9854 0.3261 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	IT	0.3531	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-3.2739 -0.2627 0.1523 0.9687 1.5632 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.7570 0.1938 9.066 7.20e-16 * Output:regressor 1.9023 0.2103 9.044 8.21e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.191 on 147 degrees of freedom Output:Multiple R-squared: 0.3575, Adjusted R-squared: 0.3531 Output:F-statistic: 81.79 on 1 and 147 DF, p-value: 8.211e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 116.08 116.079 81.794 8.211e-16 Output:Residuals 147 208.62 1.419 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.193879 Output:[1] 0.2167465 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.03755688 -0.03521580 Output:regressor -0.03521580 0.04424001 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.7570 1.9784 0.8881 0.3759 Output:regressor 1.9023 0.7309 2.6026 0.0102 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	FR	0.2048	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-3.3476 -0.4124 0.5106 0.9080 1.7227 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.60418 0.15194 17.140 < 2e-16 * Output:regressor -0.55811 0.08924 -6.254 4.12e-09 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.321 on 147 degrees of freedom Output:Multiple R-squared: 0.2102, Adjusted R-squared: 0.2048 Output:F-statistic: 39.11 on 1 and 147 DF, p-value: 4.122e-09 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 68.237 68.237 39.113 4.122e-09 Output:Residuals 147 256.457 1.745 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.193879 Output:[1] 1.480189 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.023085177 0.009518356 Output:regressor 0.009518356 0.007963757 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.60418 3.43706 0.7577 0.4499 Output:regressor -0.55811 0.45617 -1.2235 0.2231 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	ES	0.0022	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-3.3343 -0.6703 0.1106 1.3134 1.9329 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 3.2355 0.1251 25.857 <2e-16 * Output:regressor -0.2943 0.2561 -1.149 0.252 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.48 on 147 degrees of freedom Output:Multiple R-squared: 0.008903, Adjusted R-squared: 0.002161 Output:F-statistic: 1.321 on 1 and 147 DF, p-value: 0.2524 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 2.89 2.8909 1.3206 0.2524 Output:Residuals 147 321.80 2.1891 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.193879 Output:[1] 0.2255776 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.015657554 0.007956126 Output:regressor 0.007956126 0.065571529 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 3.23553 1.22872 2.6332 0.009362 Output:regressor -0.29426 0.62247 -0.4727 0.637103 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"

Correlations for ES

Regressand	Regressor	R	R-Analysis Output
ES	ES	1.0000	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Error:Warning message: Error:In summary.lm(ols) : essentially perfect fit: summary may be unreliable Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-8.655e-17 -1.940e-17 -5.720e-18 1.223e-17 8.142e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.819e-17 6.299e-18 2.888e+00 0.00446 Output:regressor 1.000e+00 1.289e-17 7.758e+16 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 7.448e-17 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 6.018e+33 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 33.385 33.385 6.0183e+33 < 2.2e-16 Output:Residuals 147 0.000 0.000 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Error:Warning message: Error:In anova.lm(ols) : Error: ANOVA F-tests on an essentially perfect fit are unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.2255776 Output:[1] 0.2255776 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 3.967668e-35 2.016105e-35 Output:regressor 2.016105e-35 1.661601e-34 Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.8191e-17 6.4745e-18 2.8096e+00 0.005636 Output:regressor 1.0000e+00 8.7717e-18 1.1400e+17 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Error:Warning message: Error:In summary.lm(x) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------"
ES	FR	0.3908	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.61510 -0.21731 -0.03188 0.14095 0.85870 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.17187 0.04264 4.031 8.9e-05 * Output:regressor 0.24532 0.02505 9.795 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3707 on 147 degrees of freedom Output:Multiple R-squared: 0.3949, Adjusted R-squared: 0.3908 Output:F-statistic: 95.94 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 13.184 13.1840 95.936 < 2.2e-16 Output:Residuals 147 20.201 0.1374 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.2255776 Output:[1] 1.480189 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0018184528 0.0007497746 Output:regressor 0.0007497746 0.0006273166 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.171875 0.383038 0.4487 0.6542987 Output:regressor 0.245321 0.071182 3.4464 0.0007409 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	GB	0.1350	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.7683 -0.3397 -0.1081 0.3619 0.9817 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.06933 0.05309 1.306 0.194 Output:regressor 0.47669 0.09712 4.908 2.42e-06 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4417 on 147 degrees of freedom Output:Multiple R-squared: 0.1408, Adjusted R-squared: 0.135 Output:F-statistic: 24.09 on 1 and 147 DF, p-value: 2.416e-06 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 4.7005 4.7005 24.088 2.416e-06 * Output:Residuals 147 28.6850 0.1951 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.2255776 Output:[1] 0.1397718 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.002818757 0.003773027 Output:regressor 0.003773027 0.009433131 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.069328 0.623096 0.1113 0.9116 Output:regressor 0.476686 0.661462 0.7207 0.4723 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	RO	0.0328	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.6216 -0.4413 -0.1064 0.4365 0.9291 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.27491 0.07335 -3.748 0.000256 *** Output:regressor 0.06002 0.02446 2.454 0.015300 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4671 on 147 degrees of freedom Output:Multiple R-squared: 0.03935, Adjusted R-squared: 0.03282 Output:F-statistic: 6.022 on 1 and 147 DF, p-value: 0.0153 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 1.314 1.31377 6.0216 0.0153 Output:Residuals 147 32.072 0.21817 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.2255776 Output:[1] 2.463964 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.005380932 -0.001530781 Output:regressor -0.001530781 0.000598286 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.274908 0.504933 -0.5444 0.5870 Output:regressor 0.060022 0.232213 0.2585 0.7964 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	CH	0.0214	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.6919 -0.3770 -0.1613 0.4891 1.0725 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.006678 0.067742 -0.099 0.9216 Output:regressor 0.065151 0.031675 2.057 0.0415 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4698 on 147 degrees of freedom Output:Multiple R-squared: 0.02798, Adjusted R-squared: 0.02136 Output:F-statistic: 4.231 on 1 and 147 DF, p-value: 0.04147 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.934 0.93397 4.2307 0.04147 Output:Residuals 147 32.452 0.22076 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.2255776 Output:[1] 1.486702 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.004588918 0.001765667 Output:regressor 0.001765667 0.001003303 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.0066782 0.6149946 -0.0109 0.9914 Output:regressor 0.0651513 0.3439093 0.1894 0.8500 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	DE	0.0022	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.6765 -0.4041 -0.1583 0.4729 1.0307 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.02236 0.09449 -0.237 0.813 Output:regressor -0.03026 0.02633 -1.149 0.252 Output: Output:Residual standard error: 0.4744 on 147 degrees of freedom Output:Multiple R-squared: 0.008903, Adjusted R-squared: 0.002161 Output:F-statistic: 1.321 on 1 and 147 DF, p-value: 0.2524 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.297 0.29725 1.3206 0.2524 Output:Residuals 147 33.088 0.22509 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.2255776 Output:[1] 2.193879 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.008929008 -0.0022677450 Output:regressor -0.002267745 0.0006932373 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.022358 0.554416 -0.0403 0.9679 Output:regressor -0.030257 0.219535 -0.1378 0.8906 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	IT	-0.0038	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.6410 -0.4480 -0.1637 0.4618 0.9867 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.16578 0.07741 -2.142 0.0339 * Output:regressor 0.05583 0.08402 0.665 0.5074 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4758 on 147 degrees of freedom Output:Multiple R-squared: 0.002995, Adjusted R-squared: -0.003787 Output:F-statistic: 0.4416 on 1 and 147 DF, p-value: 0.5074 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.100 0.099996 0.4416 0.5074 Output:Residuals 147 33.285 0.226432 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.2255776 Output:[1] 0.2167465 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.005992364 -0.005618834 Output:regressor -0.005618834 0.007058686 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.165778 1.443057 -0.1149 0.9087 Output:regressor 0.055832 1.655995 0.0337 0.9732 Output: Output:[1] "-------------------------------------------------------------------------------------------"

Correlations for FR

Regressand	Regressor	R	R-Analysis Output
FR	FR	1.0000	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Error:Warning message: Error:In summary.lm(ols) : essentially perfect fit: summary may be unreliable Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-4.266e-16 -8.660e-17 -2.850e-17 -8.000e-19 4.887e-15 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 5.821e-16 4.767e-17 1.221e+01 <2e-16 * Output:regressor 1.000e+00 2.800e-17 3.572e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 4.144e-16 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 1.276e+33 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 219.07 219.07 1.2757e+33 < 2.2e-16 Output:Residuals 147 0.00 0.00 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Error:Warning message: Error:In anova.lm(ols) : Error: ANOVA F-tests on an essentially perfect fit are unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.480189 Output:[1] 1.480189 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.272289e-33 9.368981e-34 Output:regressor 9.368981e-34 7.838779e-34 Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 5.8210e-16 6.4147e-17 9.0745e+00 6.863e-16 * Output:regressor 1.0000e+00 2.7823e-17 3.5941e+16 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Error:Warning message: Error:In summary.lm(x) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------"
FR	GB	0.7372	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.30840 -0.42835 0.07632 0.45409 1.21848 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.07632 0.07497 -1.018 0.31 Output:regressor 2.79739 0.13714 20.398 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.6237 on 147 degrees of freedom Output:Multiple R-squared: 0.7389, Adjusted R-squared: 0.7372 Output:F-statistic: 416.1 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 161.88 161.878 416.09 < 2.2e-16 * Output:Residuals 147 57.19 0.389 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.480189 Output:[1] 0.1397718 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.005619819 0.007522367 Output:regressor 0.007522367 0.018807043 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.076319 1.791356 -0.0426 0.9661 Output:regressor 2.797392 2.880439 0.9712 0.3331 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	CH	0.4737	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.80175 -0.66174 0.03736 0.62142 1.69749 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.01783 0.12726 0.14 0.889 Output:regressor 0.68929 0.05950 11.58 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.8827 on 147 degrees of freedom Output:Multiple R-squared: 0.4772, Adjusted R-squared: 0.4737 Output:F-statistic: 134.2 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 104.54 104.541 134.18 < 2.2e-16 * Output:Residuals 147 114.53 0.779 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.480189 Output:[1] 1.486702 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.01619513 0.006231360 Output:regressor 0.00623136 0.003540838 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.017835 66.850883 0.0003 0.9998 Output:regressor 0.689286 24.713973 0.0279 0.9778 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	IT	0.4108	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.61211 -0.60112 -0.00577 0.85578 1.68338 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.1444 0.1519 0.951 0.343 Output:regressor -1.6829 0.1649 -10.206 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.9339 on 147 degrees of freedom Output:Multiple R-squared: 0.4147, Adjusted R-squared: 0.4108 Output:F-statistic: 104.2 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 90.856 90.856 104.17 < 2.2e-16 * Output:Residuals 147 128.212 0.872 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.480189 Output:[1] 0.2167465 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.02308187 -0.02164307 Output:regressor -0.02164307 0.02718921 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.14445 2.42126 0.0597 0.9525 Output:regressor -1.68295 2.64027 -0.6374 0.5248 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	ES	0.3908	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.1731 -0.8627 -0.3027 0.9496 1.7625 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.99989 0.08031 -12.450 <2e-16 * Output:regressor 1.60974 0.16435 9.795 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.9496 on 147 degrees of freedom Output:Multiple R-squared: 0.3949, Adjusted R-squared: 0.3908 Output:F-statistic: 95.94 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 86.511 86.511 95.936 < 2.2e-16 Output:Residuals 147 132.557 0.902 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.480189 Output:[1] 0.2255776 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.006449673 0.003277294 Output:regressor 0.003277294 0.027010280 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.99989 1.21341 -0.824 0.4113 Output:regressor 1.60974 2.64779 0.608 0.5442 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	DE	0.2048	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.7346 -0.9420 -0.1559 0.6339 2.6207 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.03659 0.21608 0.169 0.866 Output:regressor -0.37655 0.06021 -6.254 4.12e-09 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.085 on 147 degrees of freedom Output:Multiple R-squared: 0.2102, Adjusted R-squared: 0.2048 Output:F-statistic: 39.11 on 1 and 147 DF, p-value: 4.122e-09 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 46.039 46.039 39.113 4.122e-09 * Output:Residuals 147 173.029 1.177 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.480189 Output:[1] 2.193879 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.04669261 -0.011858757 Output:regressor -0.01185876 0.003625158 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.036585 8.886748 0.0041 0.9967 Output:regressor -0.376553 1.721985 -0.2187 0.8272 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	RO	0.1885	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.5695 -1.0063 -0.2316 0.7776 2.5141 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.32171 0.17212 -1.869 0.0636 . Output:regressor -0.34140 0.05739 -5.949 1.89e-08 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.096 on 147 degrees of freedom Output:Multiple R-squared: 0.194, Adjusted R-squared: 0.1885 Output:F-statistic: 35.39 on 1 and 147 DF, p-value: 1.894e-08 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 42.502 42.502 35.385 1.894e-08 * Output:Residuals 147 176.566 1.201 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.480189 Output:[1] 2.463964 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.029623846 -0.008427463 Output:regressor -0.008427463 0.003293766 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.32171 2.29999 -0.1399 0.8890 Output:regressor -0.34140 0.47960 -0.7118 0.4777 Output: Output:[1] "-------------------------------------------------------------------------------------------"

Correlations for GB

Regressand	Regressor	R	R-Analysis Output
GB	GB	1.0000	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Error:Warning message: Error:In summary.lm(ols) : essentially perfect fit: summary may be unreliable Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-3.339e-16 -3.600e-17 -2.310e-17 -1.030e-17 3.538e-15 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 3.638e-16 3.558e-17 1.023e+01 <2e-16 * Output:regressor 1.000e+00 6.509e-17 1.536e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 2.96e-16 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 2.361e+32 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 20.686 20.686 2.3606e+32 < 2.2e-16 Output:Residuals 147 0.000 0.000 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Error:Warning message: Error:In anova.lm(ols) : Error: ANOVA F-tests on an essentially perfect fit are unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1397718 Output:[1] 0.1397718 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.265830e-33 1.694368e-33 Output:regressor 1.694368e-33 4.236172e-33 Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 3.6381e-16 5.0192e-17 7.2485e+00 2.214e-11 * Output:regressor 1.0000e+00 6.8087e-17 1.4687e+16 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Error:Warning message: Error:In summary.lm(x) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------"
GB	CH	0.8163	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.29936 -0.10304 0.00714 0.10621 0.38681 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.08793 0.02310 3.806 0.000207 * Output:regressor 0.27724 0.01080 25.666 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1602 on 147 degrees of freedom Output:Multiple R-squared: 0.8176, Adjusted R-squared: 0.8163 Output:F-statistic: 658.7 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 16.912 16.9122 658.74 < 2.2e-16 Output:Residuals 147 3.774 0.0257 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1397718 Output:[1] 1.486702 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0005336776 0.0002053418 Output:regressor 0.0002053418 0.0001166811 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.087928 0.177065 0.4966 0.62022 Output:regressor 0.277241 0.121340 2.2848 0.02375 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	FR	0.7372	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.46873 -0.11654 -0.01109 0.09850 0.44394 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.08426 0.02205 -3.822 0.000195 * Output:regressor 0.26415 0.01295 20.398 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1917 on 147 degrees of freedom Output:Multiple R-squared: 0.7389, Adjusted R-squared: 0.7372 Output:F-statistic: 416.1 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 15.2859 15.2859 416.09 < 2.2e-16 Output:Residuals 147 5.4003 0.0367 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1397718 Output:[1] 1.480189 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0004861167 0.000200433 Output:regressor 0.0002004330 0.000167697 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.084258 0.145354 -0.5797 0.5630213 Output:regressor 0.264153 0.073976 3.5708 0.0004814 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	RO	0.5763	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.3837 -0.1987 -0.0319 0.1965 0.5711 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.06381 0.03822 1.67 0.0971 . Output:regressor -0.18126 0.01274 -14.22 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2433 on 147 degrees of freedom Output:Multiple R-squared: 0.5792, Adjusted R-squared: 0.5763 Output:F-statistic: 202.3 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 11.9817 11.9817 202.34 < 2.2e-16 * Output:Residuals 147 8.7046 0.0592 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1397718 Output:[1] 2.463964 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0014604336 -0.0004154677 Output:regressor -0.0004154677 0.0001623802 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.063807 0.310867 0.2053 0.8377 Output:regressor -0.181264 0.183243 -0.9892 0.3242 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	IT	0.5665	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.53797 -0.13447 0.05325 0.19957 0.38095 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.08239 0.04004 2.057 0.0414 * Output:regressor -0.60597 0.04346 -13.943 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2462 on 147 degrees of freedom Output:Multiple R-squared: 0.5694, Adjusted R-squared: 0.5665 Output:F-statistic: 194.4 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 11.779 11.7792 194.4 < 2.2e-16 * Output:Residuals 147 8.907 0.0606 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1397718 Output:[1] 0.2167465 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001603523 -0.001503568 Output:regressor -0.001503568 0.001888865 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.082387 0.235925 0.3492 0.7274 Output:regressor -0.605970 0.881371 -0.6875 0.4928 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	DE	0.5265	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.46134 -0.20821 -0.00378 0.15727 0.63045 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.20099 0.05124 3.923 0.000134 * Output:regressor -0.18371 0.01428 -12.868 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2572 on 147 degrees of freedom Output:Multiple R-squared: 0.5297, Adjusted R-squared: 0.5265 Output:F-statistic: 165.6 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 10.9583 10.9583 165.59 < 2.2e-16 Output:Residuals 147 9.7279 0.0662 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1397718 Output:[1] 2.193879 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0026251258 -0.0006667164 Output:regressor -0.0006667164 0.0002038116 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.20099 0.44354 0.4531 0.6511 Output:regressor -0.18371 0.13006 -1.4125 0.1599 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	ES	0.1350	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.63773 -0.31435 0.06475 0.33081 0.47537 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.36414 0.02941 -12.383 < 2e-16 * Output:regressor 0.29536 0.06018 4.908 2.42e-06 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3477 on 147 degrees of freedom Output:Multiple R-squared: 0.1408, Adjusted R-squared: 0.135 Output:F-statistic: 24.09 on 1 and 147 DF, p-value: 2.416e-06 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 2.9125 2.91252 24.088 2.416e-06 Output:Residuals 147 17.7737 0.12091 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1397718 Output:[1] 0.2255776 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0008647918 0.0004394296 Output:regressor 0.0004394296 0.0036216205 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.36414 0.84080 -0.4331 0.6656 Output:regressor 0.29536 0.62251 0.4745 0.6359 Output: Output:[1] "-------------------------------------------------------------------------------------------"

Correlations for IT

Regressand	Regressor	R	R-Analysis Output
IT	IT	1.0000	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Error:Warning message: Error:In summary.lm(ols) : essentially perfect fit: summary may be unreliable Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.135e-16 -1.151e-17 -4.750e-18 2.230e-18 8.988e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.911e-16 1.260e-17 2.309e+01 <2e-16 * Output:regressor 1.000e+00 1.368e-17 7.310e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 7.748e-17 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 5.343e+33 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 32.078 32.078 5.3432e+33 < 2.2e-16 Output:Residuals 147 0.000 0.000 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Error:Warning message: Error:In anova.lm(ols) : Error: ANOVA F-tests on an essentially perfect fit are unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.2167465 Output:[1] 0.2167465 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.588826e-34 -1.489787e-34 Output:regressor -1.489787e-34 1.871552e-34 Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.9105e-16 2.4255e-17 1.2000e+01 < 2.2e-16 * Output:regressor 1.0000e+00 2.2744e-17 4.3967e+16 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Error:Warning message: Error:In summary.lm(x) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------"
IT	RO	0.6829	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.63107 -0.15950 0.02362 0.14998 0.52888 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.16795 0.04117 4.079 7.39e-05 * Output:regressor 0.24547 0.01373 17.879 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2622 on 147 degrees of freedom Output:Multiple R-squared: 0.685, Adjusted R-squared: 0.6829 Output:F-statistic: 319.7 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 21.974 21.9738 319.67 < 2.2e-16 Output:Residuals 147 10.105 0.0687 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.2167465 Output:[1] 2.463964 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0016953435 -0.0004822954 Output:regressor -0.0004822954 0.0001884990 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.167946 0.364379 0.4609 0.64554 Output:regressor 0.245473 0.097767 2.5108 0.01313 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	CH	0.6424	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.3922 -0.2077 -0.1198 0.2676 0.5341 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.25642 0.04014 6.389 2.08e-09 * Output:regressor -0.30661 0.01877 -16.337 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2784 on 147 degrees of freedom Output:Multiple R-squared: 0.6448, Adjusted R-squared: 0.6424 Output:F-statistic: 266.9 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 20.685 20.6854 266.89 < 2.2e-16 Output:Residuals 147 11.393 0.0775 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.2167465 Output:[1] 1.486702 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0016110767 0.0006198901 Output:regressor 0.0006198901 0.0003522394 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.25642 1.01449 0.2528 0.8008 Output:regressor -0.30661 0.49783 -0.6159 0.5389 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	GB	0.5665	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.46911 -0.24957 -0.04108 0.21196 0.62161 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.42016 0.03684 11.40 <2e-16 * Output:regressor -0.93969 0.06740 -13.94 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3065 on 147 degrees of freedom Output:Multiple R-squared: 0.5694, Adjusted R-squared: 0.5665 Output:F-statistic: 194.4 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 18.266 18.266 194.4 < 2.2e-16 Output:Residuals 147 13.812 0.094 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.2167465 Output:[1] 0.1397718 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001357275 0.001816770 Output:regressor 0.001816770 0.004542196 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.42016 0.26644 1.5770 0.1170 Output:regressor -0.93969 0.79612 -1.1803 0.2398 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	FR	0.4108	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.5015 -0.2621 -0.1508 0.1851 0.7432 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.50147 0.04111 12.20 <2e-16 * Output:regressor -0.24644 0.02415 -10.21 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3574 on 147 degrees of freedom Output:Multiple R-squared: 0.4147, Adjusted R-squared: 0.4108 Output:F-statistic: 104.2 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 13.304 13.3042 104.17 < 2.2e-16 Output:Residuals 147 18.774 0.1277 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.2167465 Output:[1] 1.480189 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0016899804 0.0006968036 Output:regressor 0.0006968036 0.0005829972 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.50147 0.33544 1.4950 0.13706 Output:regressor -0.24644 0.11067 -2.2269 0.02748 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	DE	0.3531	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.7133 -0.2548 -0.1191 0.3665 0.5842 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.18124 0.07458 2.430 0.0163 * Output:regressor 0.18794 0.02078 9.044 8.21e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3744 on 147 degrees of freedom Output:Multiple R-squared: 0.3575, Adjusted R-squared: 0.3531 Output:F-statistic: 81.79 on 1 and 147 DF, p-value: 8.211e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 11.468 11.4681 81.794 8.211e-16 * Output:Residuals 147 20.610 0.1402 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.2167465 Output:[1] 2.193879 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.005561798 -0.0014125578 Output:regressor -0.001412558 0.0004318112 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.18124 1.58372 0.1144 0.9090 Output:regressor 0.18794 0.16753 1.1218 0.2638 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	ES	-0.0038	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.83865 -0.28841 -0.00008 0.35090 0.77765 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.80253 0.03945 20.344 <2e-16 * Output:regressor 0.05365 0.08073 0.665 0.507 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4664 on 147 degrees of freedom Output:Multiple R-squared: 0.002995, Adjusted R-squared: -0.003787 Output:F-statistic: 0.4416 on 1 and 147 DF, p-value: 0.5074 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.096 0.096081 0.4416 0.5074 Output:Residuals 147 31.982 0.217567 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.2167465 Output:[1] 0.2255776 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0015561255 0.0007907193 Output:regressor 0.0007907193 0.0065168239 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.802526 0.329879 2.4328 0.01618 * Output:regressor 0.053646 0.558167 0.0961 0.92356 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"

Correlations for RO

Regressand	Regressor	R	R-Analysis Output
RO	RO	1.0000	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Error:Warning message: Error:In summary.lm(ols) : essentially perfect fit: summary may be unreliable Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-6.665e-15 -1.580e-17 5.480e-17 9.690e-17 6.432e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -1.746e-15 8.913e-17 -1.959e+01 <2e-16 * Output:regressor 1.000e+00 2.972e-17 3.365e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 5.675e-16 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 1.132e+33 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 364.67 364.67 1.1323e+33 < 2.2e-16 Output:Residuals 147 0.00 0.00 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Error:Warning message: Error:In anova.lm(ols) : Error: ANOVA F-tests on an essentially perfect fit are unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.463964 Output:[1] 2.463964 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 7.943291e-33 -2.259727e-33 Output:regressor -2.259727e-33 8.831852e-34 Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -1.7463e-15 1.5751e-16 -1.1087e+01 < 2.2e-16 * Output:regressor 1.0000e+00 4.4291e-17 2.2578e+16 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Error:Warning message: Error:In summary.lm(x) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------"
RO	CH	0.7968	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.0369 -0.6060 -0.1348 0.3849 1.5694 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.5345 0.1020 5.239 5.49e-07 * Output:regressor -1.1502 0.0477 -24.112 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.7076 on 147 degrees of freedom Output:Multiple R-squared: 0.7982, Adjusted R-squared: 0.7968 Output:F-statistic: 581.4 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 291.071 291.071 581.38 < 2.2e-16 Output:Residuals 147 73.596 0.501 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.463964 Output:[1] 1.486702 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.010407056 0.004004298 Output:regressor 0.004004298 0.002275357 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.53450 1.04431 0.5118 0.60954 Output:regressor -1.15016 0.47632 -2.4147 0.01698 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	DE	0.7452	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.3920 -0.7519 0.1451 0.6361 1.2865 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.43745 0.15782 -2.772 0.0063 Output:regressor 0.91588 0.04398 20.827 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.7924 on 147 degrees of freedom Output:Multiple R-squared: 0.7469, Adjusted R-squared: 0.7452 Output:F-statistic: 433.8 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 272.365 272.365 433.77 < 2.2e-16 Output:Residuals 147 92.302 0.628 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.463964 Output:[1] 2.193879 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.024908142 -0.006326046 Output:regressor -0.006326046 0.001933838 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.43745 0.68046 -0.6429 0.52131 Output:regressor 0.91588 0.39325 2.3290 0.02122 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	IT	0.6829	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-2.2277 -0.4641 0.1904 0.5671 1.6434 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.3373 0.1438 2.346 0.0203 * Output:regressor 2.7905 0.1561 17.879 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.884 on 147 degrees of freedom Output:Multiple R-squared: 0.685, Adjusted R-squared: 0.6829 Output:F-statistic: 319.7 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 249.80 249.797 319.67 < 2.2e-16 * Output:Residuals 147 114.87 0.781 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.463964 Output:[1] 0.2167465 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.02067988 -0.01939081 Output:regressor -0.01939081 0.02435980 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.3373 2.4770 0.1362 0.8919 Output:regressor 2.7905 1.2965 2.1524 0.0330 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	GB	0.5763	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.6321 -0.6848 -0.3967 1.0560 2.0208 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.2805 0.1228 10.43 <2e-16 * Output:regressor -3.1954 0.2246 -14.22 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.022 on 147 degrees of freedom Output:Multiple R-squared: 0.5792, Adjusted R-squared: 0.5763 Output:F-statistic: 202.3 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 211.22 211.219 202.34 < 2.2e-16 Output:Residuals 147 153.45 1.044 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.463964 Output:[1] 0.1397718 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.01507872 0.02018352 Output:regressor 0.02018352 0.05046181 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.2805 1.4997 0.8539 0.3946 Output:regressor -3.1954 2.3662 -1.3504 0.1789 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	FR	0.1885	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-2.5286 -1.0594 -0.1735 1.2655 2.5788 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.87938 0.16266 11.554 < 2e-16 * Output:regressor -0.56830 0.09554 -5.949 1.89e-08 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.414 on 147 degrees of freedom Output:Multiple R-squared: 0.194, Adjusted R-squared: 0.1885 Output:F-statistic: 35.39 on 1 and 147 DF, p-value: 1.894e-08 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 70.751 70.751 35.385 1.894e-08 Output:Residuals 147 293.916 1.999 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.463964 Output:[1] 1.480189 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.02645711 0.010908654 Output:regressor 0.01090865 0.009126983 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.87938 3.00791 0.6248 0.5331 Output:regressor -0.56830 0.46113 -1.2324 0.2198 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	ES	0.0328	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-2.6415 -1.2661 -0.0112 1.4474 2.4998 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.6382 0.1306 20.207 <2e-16 *** Output:regressor 0.6556 0.2672 2.454 0.0153 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.544 on 147 degrees of freedom Output:Multiple R-squared: 0.03935, Adjusted R-squared: 0.03282 Output:F-statistic: 6.022 on 1 and 147 DF, p-value: 0.0153 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 14.35 14.3502 6.0216 0.0153 Output:Residuals 147 350.32 2.3831 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.463964 Output:[1] 0.2255776 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.017044890 0.008661077 Output:regressor 0.008661077 0.071381486 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.63816 1.36349 1.9349 0.05493 . Output:regressor 0.65562 0.85464 0.7671 0.44424 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"

Index (in comparison 12 month moving average)

Column=Regressor Row=Regressand		CH		DE		ES		FR		GB		IT		RO
CH		1.0000		0.3587		0.0023		0.0170		0.3072		-0.0066		0.3896
DE		0.3587		1.0000		0.2014		0.0359		0.0373		0.2995		0.7074
ES		0.0023		0.2014		1.0000		0.4952		0.0952		0.1798		0.3685
FR		0.0170		0.0359		0.4952		1.0000		0.2554		0.2653		0.0915
GB		0.3072		0.0373		0.0952		0.2554		1.0000		-0.0047		0.0250
IT		-0.0066		0.2995		0.1798		0.2653		-0.0047		1.0000		0.1468
RO		0.3896		0.7074		0.3685		0.0915		0.0250		0.1468		1.0000

Correlations for CH

Regressand	Regressor	R	R-Analysis Output
CH	CH	1.0000	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Error:Warning message: Error:In summary.lm(ols) : essentially perfect fit: summary may be unreliable Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-2.454e-15 9.800e-19 1.528e-17 2.946e-17 2.070e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -2.183e-16 2.272e-17 -9.606e+00 <2e-16 * Output:regressor 1.000e+00 4.430e-17 2.257e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 2.057e-16 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 5.095e+32 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 21.564 21.564 5.0953e+32 < 2.2e-16 Output:Residuals 147 0.000 0.000 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Error:Warning message: Error:In anova.lm(ols) : Error: ANOVA F-tests on an essentially perfect fit are unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1456998 Output:[1] 0.1456998 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 5.163323e-34 -6.752136e-34 Output:regressor -6.752136e-34 1.962612e-33 Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -2.1829e-16 2.2654e-17 -9.6355e+00 < 2.2e-16 * Output:regressor 1.0000e+00 2.3152e-17 4.3194e+16 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Error:Warning message: Error:In summary.lm(x) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------"
CH	RO	0.3896	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.75320 -0.21001 -0.05787 0.21740 0.68392 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.09084 0.03562 2.551 0.0118 * Output:regressor -0.44337 0.04538 -9.770 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2982 on 147 degrees of freedom Output:Multiple R-squared: 0.3937, Adjusted R-squared: 0.3896 Output:F-statistic: 95.45 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 8.4896 8.4896 95.455 < 2.2e-16 * Output:Residuals 147 13.0740 0.0889 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1456998 Output:[1] 0.2918086 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001268518 0.001176048 Output:regressor 0.001176048 0.002059350 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.090841 0.220100 0.4127 0.6804 Output:regressor -0.443367 0.351151 -1.2626 0.2087 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	DE	0.3587	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.53538 -0.22407 -0.07666 0.17459 0.74897 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.09550 0.03693 2.586 0.0107 * Output:regressor -0.41317 0.04513 -9.154 4.29e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3057 on 147 degrees of freedom Output:Multiple R-squared: 0.3631, Adjusted R-squared: 0.3587 Output:F-statistic: 83.8 on 1 and 147 DF, p-value: 4.292e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 7.8293 7.8293 83.799 4.292e-16 * Output:Residuals 147 13.7342 0.0934 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1456998 Output:[1] 0.3098964 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001364165 0.001225385 Output:regressor 0.001225385 0.002037083 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.095503 0.367396 0.2599 0.7953 Output:regressor -0.413165 0.509736 -0.8105 0.4189 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	GB	0.3072	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.55868 -0.20972 -0.05699 0.12771 1.04140 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.0130 0.0509 -0.255 0.799 Output:regressor 1.8284 0.2240 8.162 1.36e-13 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3177 on 147 degrees of freedom Output:Multiple R-squared: 0.3119, Adjusted R-squared: 0.3072 Output:F-statistic: 66.62 on 1 and 147 DF, p-value: 1.36e-13 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 6.7249 6.7249 66.62 1.36e-13 * Output:Residuals 147 14.8387 0.1009 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1456998 Output:[1] 0.01359204 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.002590945 -0.009798889 Output:regressor -0.009798889 0.050180084 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.01300 0.14675 -0.0886 0.92953 Output:regressor 1.82839 0.86783 2.1069 0.03683 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	FR	0.0170	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.5033 -0.2873 -0.0696 0.1689 1.1363 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.39760 0.04204 9.458 <2e-16 * Output:regressor 0.13035 0.06910 1.886 0.0612 . Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3784 on 147 degrees of freedom Output:Multiple R-squared: 0.02364, Adjusted R-squared: 0.017 Output:F-statistic: 3.559 on 1 and 147 DF, p-value: 0.0612 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.5097 0.50970 3.5588 0.0612 . Output:Residuals 147 21.0539 0.14322 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1456998 Output:[1] 0.2026753 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001767365 0.001961911 Output:regressor 0.001961911 0.004774767 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.39760 0.17348 2.2919 0.02333 Output:regressor 0.13035 0.41944 0.3108 0.75641 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	ES	0.0023	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.61879 -0.29931 -0.03814 0.23207 1.03194 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.27806 0.06509 4.272 3.46e-05 * Output:regressor -0.13806 0.11950 -1.155 0.25 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3813 on 147 degrees of freedom Output:Multiple R-squared: 0.008999, Adjusted R-squared: 0.002258 Output:F-statistic: 1.335 on 1 and 147 DF, p-value: 0.2498 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.1941 0.19405 1.3349 0.2498 Output:Residuals 147 21.3695 0.14537 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1456998 Output:[1] 0.06878735 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.004236261 0.006823441 Output:regressor 0.006823441 0.014279304 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.27806 0.33406 0.8324 0.4065 Output:regressor -0.13806 1.04299 -0.1324 0.8949 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	IT	-0.0066	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.57368 -0.31109 -0.00868 0.21216 1.09208 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.325229 0.103310 3.148 0.00199 Output:regressor 0.004697 0.024581 0.191 0.84872 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.383 on 147 degrees of freedom Output:Multiple R-squared: 0.0002484, Adjusted R-squared: -0.006553 Output:F-statistic: 0.03652 on 1 and 147 DF, p-value: 0.8487 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0054 0.005355 0.0365 0.8487 Output:Residuals 147 21.5582 0.146655 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1456998 Output:[1] 1.639925 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.010672878 -0.0024195568 Output:regressor -0.002419557 0.0006042404 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.3252288 0.2090823 1.5555 0.1220 Output:regressor 0.0046973 0.0808964 0.0581 0.9538 Output: Output:[1] "-------------------------------------------------------------------------------------------"

Correlations for DE

Regressand	Regressor	R	R-Analysis Output
DE	DE	1.0000	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Error:Warning message: Error:In summary.lm(ols) : essentially perfect fit: summary may be unreliable Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-2.915e-16 -3.604e-17 -2.041e-17 1.120e-18 2.792e-15 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.911e-16 2.848e-17 1.022e+01 <2e-16 * Output:regressor 1.000e+00 3.480e-17 2.873e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 2.357e-16 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 8.255e+32 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 45.865 45.865 8.2551e+32 < 2.2e-16 Output:Residuals 147 0.000 0.000 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Error:Warning message: Error:In anova.lm(ols) : Error: ANOVA F-tests on an essentially perfect fit are unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.3098964 Output:[1] 0.3098964 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 8.112138e-34 7.286871e-34 Output:regressor 7.286871e-34 1.211371e-33 Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.9105e-16 4.6498e-17 6.2594e+00 4.013e-09 * Output:regressor 1.0000e+00 4.5897e-17 2.1788e+16 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Error:Warning message: Error:In summary.lm(x) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------"
DE	RO	0.7074	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.69816 -0.19192 -0.00121 0.22060 0.64197 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.10588 0.03596 -2.944 0.00377 Output:regressor 0.86794 0.04582 18.941 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3011 on 147 degrees of freedom Output:Multiple R-squared: 0.7093, Adjusted R-squared: 0.7074 Output:F-statistic: 358.8 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 32.534 32.534 358.76 < 2.2e-16 Output:Residuals 147 13.331 0.091 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.3098964 Output:[1] 0.2918086 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001293433 0.001199147 Output:regressor 0.001199147 0.002099798 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.10588 0.23113 -0.4581 0.6476 Output:regressor 0.86794 0.19910 4.3594 2.438e-05 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	CH	0.3587	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.78513 -0.30701 -0.08311 0.17190 1.25729 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.29920 0.04924 -6.077 1.00e-08 * Output:regressor -0.87878 0.09600 -9.154 4.29e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4458 on 147 degrees of freedom Output:Multiple R-squared: 0.3631, Adjusted R-squared: 0.3587 Output:F-statistic: 83.8 on 1 and 147 DF, p-value: 4.292e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 16.653 16.6526 83.799 4.292e-16 Output:Residuals 147 29.212 0.1987 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.3098964 Output:[1] 0.1456998 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.00242448 -0.003170520 Output:regressor -0.00317052 0.009215603 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.29920 0.30771 -0.9724 0.33247 Output:regressor -0.87878 0.41002 -2.1433 0.03374 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	IT	0.2995	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.99301 -0.25712 0.02749 0.36731 0.90581 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.35861 0.12569 2.853 0.00495 Output:regressor -0.23978 0.02991 -8.018 3.09e-13 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4659 on 147 degrees of freedom Output:Multiple R-squared: 0.3043, Adjusted R-squared: 0.2995 Output:F-statistic: 64.28 on 1 and 147 DF, p-value: 3.088e-13 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 13.954 13.9545 64.284 3.088e-13 Output:Residuals 147 31.910 0.2171 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.3098964 Output:[1] 1.639925 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.015797864 -0.0035813986 Output:regressor -0.003581399 0.0008943893 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.358612 0.250683 1.4305 0.154685 Output:regressor -0.239780 0.088963 -2.6953 0.007853 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	ES	0.2014	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.98567 -0.42637 -0.03563 0.40856 1.28938 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.14026 0.08492 -1.652 0.101 Output:regressor 0.96532 0.15591 6.191 5.65e-09 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4975 on 147 degrees of freedom Output:Multiple R-squared: 0.2068, Adjusted R-squared: 0.2014 Output:F-statistic: 38.33 on 1 and 147 DF, p-value: 5.653e-09 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 9.487 9.4866 38.334 5.653e-09 * Output:Residuals 147 36.378 0.2475 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.3098964 Output:[1] 0.06878735 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.007211532 0.01161578 Output:regressor 0.011615778 0.02430815 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.14026 0.48265 -0.2906 0.77177 Output:regressor 0.96532 0.54442 1.7731 0.07828 . Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	GB	0.0373	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.10004 -0.32414 -0.09901 0.32886 1.31575 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.40645 0.08751 -4.645 7.5e-06 *** Output:regressor -0.99906 0.38511 -2.594 0.0104 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.5462 on 147 degrees of freedom Output:Multiple R-squared: 0.04378, Adjusted R-squared: 0.03727 Output:F-statistic: 6.73 on 1 and 147 DF, p-value: 0.01044 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 2.008 2.00783 6.7299 0.01044 Output:Residuals 147 43.857 0.29835 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.3098964 Output:[1] 0.01359204 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.007657733 -0.02896135 Output:regressor -0.028961353 0.14831102 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.40645 0.33107 -1.2277 0.2215 Output:regressor -0.99906 3.45461 -0.2892 0.7728 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	FR	0.0359	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.00123 -0.41327 -0.00382 0.41555 1.20174 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.49694 0.06072 -8.184 1.2e-13 *** Output:regressor 0.25456 0.09980 2.551 0.0118 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.5466 on 147 degrees of freedom Output:Multiple R-squared: 0.04238, Adjusted R-squared: 0.03587 Output:F-statistic: 6.506 on 1 and 147 DF, p-value: 0.01177 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 1.944 1.94383 6.5059 0.01177 Output:Residuals 147 43.921 0.29878 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.3098964 Output:[1] 0.2026753 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.003686930 0.004092776 Output:regressor 0.004092776 0.009960721 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.49694 0.59598 -0.8338 0.4057 Output:regressor 0.25456 0.64779 0.3930 0.6949 Output: Output:[1] "-------------------------------------------------------------------------------------------"

Correlations for ES

Regressand	Regressor	R	R-Analysis Output
ES	ES	1.0000	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Error:Warning message: Error:In summary.lm(ols) : essentially perfect fit: summary may be unreliable Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-7.863e-17 -7.800e-18 -1.770e-18 1.110e-18 6.555e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.000e+00 9.673e-18 0.000e+00 1 Output:regressor 1.000e+00 1.776e-17 5.631e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 5.666e-17 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 3.171e+33 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 10.181 10.181 3.1708e+33 < 2.2e-16 * Output:Residuals 147 0.000 0.000 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Error:Warning message: Error:In anova.lm(ols) : Error: ANOVA F-tests on an essentially perfect fit are unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.06878735 Output:[1] 0.06878735 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 9.356256e-35 1.507033e-34 Output:regressor 1.507033e-34 3.153744e-34 Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0000e+00 1.7678e-17 0.0000e+00 1 Output:regressor 1.0000e+00 2.8189e-17 3.5475e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Error:Warning message: Error:In summary.lm(x) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------"
ES	FR	0.4952	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.70139 -0.09349 0.03125 0.09864 0.41625 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.30882 0.02070 -14.92 <2e-16 * Output:regressor 0.41138 0.03402 12.09 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1863 on 147 degrees of freedom Output:Multiple R-squared: 0.4986, Adjusted R-squared: 0.4952 Output:F-statistic: 146.2 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 5.0763 5.0763 146.2 < 2.2e-16 Output:Residuals 147 5.1042 0.0347 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.06878735 Output:[1] 0.2026753 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0004284709 0.0004756357 Output:regressor 0.0004756357 0.0011575701 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.308822 0.075564 -4.0869 7.164e-05 *** Output:regressor 0.411381 0.161130 2.5531 0.0117 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	RO	0.3685	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.47343 -0.16700 -0.03651 0.21523 0.40041 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.30857 0.02489 -12.397 <2e-16 * Output:regressor 0.29643 0.03171 9.347 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2084 on 147 degrees of freedom Output:Multiple R-squared: 0.3728, Adjusted R-squared: 0.3685 Output:F-statistic: 87.36 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 3.7950 3.7950 87.364 < 2.2e-16 Output:Residuals 147 6.3855 0.0434 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.06878735 Output:[1] 0.2918086 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0006195648 0.0005744013 Output:regressor 0.0005744013 0.0010058204 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.30857 0.10733 -2.8749 0.004642 Output:regressor 0.29643 0.15746 1.8826 0.061726 . Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	DE	0.2014	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.68906 -0.16469 -0.01805 0.21385 0.41276 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.34896 0.02832 -12.322 < 2e-16 * Output:regressor 0.21427 0.03461 6.191 5.65e-09 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2344 on 147 degrees of freedom Output:Multiple R-squared: 0.2068, Adjusted R-squared: 0.2014 Output:F-statistic: 38.33 on 1 and 147 DF, p-value: 5.653e-09 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 2.1057 2.10573 38.334 5.653e-09 Output:Residuals 147 8.0748 0.05493 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.06878735 Output:[1] 0.3098964 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0008020370 0.0007204438 Output:regressor 0.0007204438 0.0011976673 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.34896 0.17239 -2.0243 0.04475 * Output:regressor 0.21427 0.22411 0.9561 0.34059 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	IT	0.1798	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.85749 -0.14171 0.05618 0.15139 0.41992 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.12476 0.06408 -1.947 0.0534 . Output:regressor -0.08818 0.01525 -5.784 4.24e-08 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2375 on 147 degrees of freedom Output:Multiple R-squared: 0.1854, Adjusted R-squared: 0.1798 Output:F-statistic: 33.45 on 1 and 147 DF, p-value: 4.238e-08 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 1.8872 1.88716 33.45 4.238e-08 * Output:Residuals 147 8.2934 0.05642 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.06878735 Output:[1] 1.639925 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.004105818 -0.0009307950 Output:regressor -0.000930795 0.0002324491 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.124764 0.179682 -0.6944 0.48855 Output:regressor -0.088178 0.050526 -1.7452 0.08304 . Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	GB	0.0952	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.85605 -0.11436 0.04926 0.13395 0.61767 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.61767 0.03997 -15.45 < 2e-16 * Output:regressor 0.71597 0.17590 4.07 7.64e-05 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2495 on 147 degrees of freedom Output:Multiple R-squared: 0.1013, Adjusted R-squared: 0.09518 Output:F-statistic: 16.57 on 1 and 147 DF, p-value: 7.637e-05 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 1.0312 1.03119 16.568 7.637e-05 Output:Residuals 147 9.1493 0.06224 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.06878735 Output:[1] 0.01359204 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001597544 -0.006041872 Output:regressor -0.006041872 0.030940410 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.61767 0.12032 -5.1334 8.876e-07 * Output:regressor 0.71597 0.44547 1.6072 0.1101 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	CH	0.0023	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.83347 -0.11155 0.01609 0.16153 0.57044 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.45543 0.02894 -15.739 <2e-16 * Output:regressor -0.06518 0.05642 -1.155 0.25 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.262 on 147 degrees of freedom Output:Multiple R-squared: 0.008999, Adjusted R-squared: 0.002258 Output:F-statistic: 1.335 on 1 and 147 DF, p-value: 0.2498 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0916 0.091615 1.3349 0.2498 Output:Residuals 147 10.0889 0.068632 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.06878735 Output:[1] 0.1456998 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0008373389 -0.001094998 Output:regressor -0.0010949976 0.003182778 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.455430 0.106427 -4.2793 3.364e-05 * Output:regressor -0.065181 0.364047 -0.1790 0.8581 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"

Correlations for FR

Regressand	Regressor	R	R-Analysis Output
FR	FR	1.0000	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Error:Warning message: Error:In summary.lm(ols) : essentially perfect fit: summary may be unreliable Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-5.415e-16 -6.060e-17 -3.800e-17 -1.760e-17 5.818e-15 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 4.366e-16 5.391e-17 8.099e+00 1.95e-13 * Output:regressor 1.000e+00 8.860e-17 1.129e+16 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 4.853e-16 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 1.274e+32 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 29.996 29.996 1.2738e+32 < 2.2e-16 Output:Residuals 147 0.000 0.000 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Error:Warning message: Error:In anova.lm(ols) : Error: ANOVA F-tests on an essentially perfect fit are unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.2026753 Output:[1] 0.2026753 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.905880e-33 3.225751e-33 Output:regressor 3.225751e-33 7.850614e-33 Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 4.3657e-16 7.0205e-17 6.2186e+00 4.931e-09 * Output:regressor 1.0000e+00 8.1209e-17 1.2314e+16 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Error:Warning message: Error:In summary.lm(x) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------"
FR	ES	0.4952	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.92752 -0.20390 -0.01883 0.20281 0.65615 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.1683 0.0546 3.083 0.00245 Output:regressor 1.2121 0.1003 12.091 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3199 on 147 degrees of freedom Output:Multiple R-squared: 0.4986, Adjusted R-squared: 0.4952 Output:F-statistic: 146.2 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 14.957 14.9569 146.2 < 2.2e-16 Output:Residuals 147 15.039 0.1023 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.2026753 Output:[1] 0.06878735 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.002981311 0.004802064 Output:regressor 0.004802064 0.010049202 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.16831 0.26521 0.6346 0.52665 Output:regressor 1.21209 0.44184 2.7433 0.00684 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	IT	0.2653	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.81038 -0.28175 -0.04069 0.30374 0.80097 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.32092 0.10410 3.083 0.00245 Output:regressor -0.18276 0.02477 -7.378 1.09e-11 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3859 on 147 degrees of freedom Output:Multiple R-squared: 0.2703, Adjusted R-squared: 0.2653 Output:F-statistic: 54.44 on 1 and 147 DF, p-value: 1.09e-11 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 8.1065 8.1065 54.439 1.09e-11 Output:Residuals 147 21.8895 0.1489 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.2026753 Output:[1] 1.639925 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.010836882 -0.0024567369 Output:regressor -0.002456737 0.0006135254 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.320919 0.196619 1.6322 0.10478 Output:regressor -0.182756 0.092581 -1.9740 0.05025 . Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	GB	0.2554	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.79806 -0.25894 0.01095 0.19486 1.04013 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.79569 0.06224 -12.785 < 2e-16 * Output:regressor 1.97055 0.27390 7.194 2.97e-11 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3885 on 147 degrees of freedom Output:Multiple R-squared: 0.2604, Adjusted R-squared: 0.2554 Output:F-statistic: 51.76 on 1 and 147 DF, p-value: 2.969e-11 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 7.8113 7.8113 51.759 2.969e-11 Output:Residuals 147 22.1847 0.1509 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.2026753 Output:[1] 0.01359204 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.003873613 -0.01464991 Output:regressor -0.014649907 0.07502214 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.79569 0.18360 -4.3338 2.703e-05 *** Output:regressor 1.97055 0.91325 2.1577 0.03257 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	RO	0.0915	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.95056 -0.28839 -0.06432 0.36538 0.88670 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.26220 0.05125 -5.116 9.59e-07 * Output:regressor 0.26038 0.06530 3.988 0.000105 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4291 on 147 degrees of freedom Output:Multiple R-squared: 0.09761, Adjusted R-squared: 0.09147 Output:F-statistic: 15.9 on 1 and 147 DF, p-value: 0.0001048 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 2.928 2.92797 15.901 0.0001048 Output:Residuals 147 27.068 0.18414 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.2026753 Output:[1] 0.2918086 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.002626302 0.002434857 Output:regressor 0.002434857 0.004263620 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.26220 0.39162 -0.6695 0.5042 Output:regressor 0.26038 0.36956 0.7046 0.4822 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	DE	0.0359	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.93868 -0.29518 -0.05221 0.33604 0.90925 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.31074 0.05341 -5.818 3.59e-08 *** Output:regressor 0.16649 0.06527 2.551 0.0118 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.442 on 147 degrees of freedom Output:Multiple R-squared: 0.04238, Adjusted R-squared: 0.03587 Output:F-statistic: 6.506 on 1 and 147 DF, p-value: 0.01177 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 1.2713 1.27128 6.5059 0.01177 Output:Residuals 147 28.7247 0.19541 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.2026753 Output:[1] 0.3098964 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.002853104 0.002562851 Output:regressor 0.002562851 0.004260488 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.31074 0.50433 -0.6161 0.5388 Output:regressor 0.16649 0.45394 0.3668 0.7143 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	CH	0.0170	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.81100 -0.37621 -0.04948 0.33908 1.02517 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.47328 0.04930 -9.600 <2e-16 * Output:regressor 0.18133 0.09612 1.886 0.0612 . Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4464 on 147 degrees of freedom Output:Multiple R-squared: 0.02364, Adjusted R-squared: 0.017 Output:F-statistic: 3.559 on 1 and 147 DF, p-value: 0.0612 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.709 0.70902 3.5588 0.0612 . Output:Residuals 147 29.287 0.19923 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.2026753 Output:[1] 0.1456998 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.002430696 -0.003178649 Output:regressor -0.003178649 0.009239230 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.47328 0.34300 -1.3798 0.1697 Output:regressor 0.18133 0.69104 0.2624 0.7934 Output: Output:[1] "-------------------------------------------------------------------------------------------"

Correlations for GB

Regressand	Regressor	R	R-Analysis Output
GB	GB	1.0000	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Error:Warning message: Error:In summary.lm(ols) : essentially perfect fit: summary may be unreliable Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.381e-16 -4.643e-18 1.166e-18 7.159e-18 2.413e-17 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -3.638e-17 2.458e-18 -1.480e+01 <2e-16 * Output:regressor 1.000e+00 1.082e-17 9.244e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.534e-17 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 8.546e+33 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 2.0116 2.0116 8.5455e+33 < 2.2e-16 Output:Residuals 147 0.0000 0.0000 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Error:Warning message: Error:In anova.lm(ols) : Error: ANOVA F-tests on an essentially perfect fit are unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01359204 Output:[1] 0.01359204 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 6.042113e-36 -2.285112e-35 Output:regressor -2.285112e-35 1.170205e-34 Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -3.6381e-17 3.4573e-18 -1.0523e+01 < 2.2e-16 * Output:regressor 1.0000e+00 1.5623e-17 6.4010e+16 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Error:Warning message: Error:In summary.lm(x) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------"
GB	CH	0.3072	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.15840 -0.07018 -0.01801 0.07730 0.20095 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.13659 0.01072 12.744 < 2e-16 * Output:regressor 0.17057 0.02090 8.162 1.36e-13 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.09704 on 147 degrees of freedom Output:Multiple R-squared: 0.3119, Adjusted R-squared: 0.3072 Output:F-statistic: 66.62 on 1 and 147 DF, p-value: 1.36e-13 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.62735 0.62735 66.62 1.36e-13 Output:Residuals 147 1.38427 0.00942 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01359204 Output:[1] 0.1456998 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0001148889 -0.0001502415 Output:regressor -0.0001502415 0.0004366999 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.136593 0.054464 2.5079 0.01323 * Output:regressor 0.170567 0.158739 1.0745 0.28435 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	FR	0.2554	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.25880 -0.07529 -0.00154 0.07542 0.22106 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.24957 0.01118 22.332 < 2e-16 * Output:regressor 0.13215 0.01837 7.194 2.97e-11 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1006 on 147 degrees of freedom Output:Multiple R-squared: 0.2604, Adjusted R-squared: 0.2554 Output:F-statistic: 51.76 on 1 and 147 DF, p-value: 2.969e-11 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.52385 0.52385 51.759 2.969e-11 Output:Residuals 147 1.48778 0.01012 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01359204 Output:[1] 0.2026753 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0001248911 0.0001386388 Output:regressor 0.0001386388 0.0003374097 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.249574 0.047140 5.2943 4.269e-07 *** Output:regressor 0.132151 0.054585 2.4210 0.0167 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	ES	0.0952	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.262878 -0.090830 0.003057 0.096299 0.206346 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.26288 0.01893 13.89 < 2e-16 * Output:regressor 0.14147 0.03476 4.07 7.64e-05 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1109 on 147 degrees of freedom Output:Multiple R-squared: 0.1013, Adjusted R-squared: 0.09518 Output:F-statistic: 16.57 on 1 and 147 DF, p-value: 7.637e-05 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.20376 0.203757 16.568 7.637e-05 Output:Residuals 147 1.80787 0.012298 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01359204 Output:[1] 0.06878735 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0003583885 0.0005772645 Output:regressor 0.0005772645 0.0012080321 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.262878 0.091484 2.8735 0.004662 Output:regressor 0.141472 0.109731 1.2893 0.199331 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	DE	0.0373	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.19267 -0.09625 -0.02027 0.08530 0.27455 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.16892 0.01382 12.220 <2e-16 *** Output:regressor -0.04382 0.01689 -2.594 0.0104 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1144 on 147 degrees of freedom Output:Multiple R-squared: 0.04378, Adjusted R-squared: 0.03727 Output:F-statistic: 6.73 on 1 and 147 DF, p-value: 0.01044 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.08806 0.088063 6.7299 0.01044 Output:Residuals 147 1.92356 0.013085 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01359204 Output:[1] 0.3098964 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0001910594 0.0001716224 Output:regressor 0.0001716224 0.0002853055 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.168916 0.142180 1.1880 0.2367 Output:regressor -0.043819 0.125445 -0.3493 0.7274 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	RO	0.0250	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.21354 -0.09211 -0.02545 0.09717 0.26635 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.17336 0.01375 12.610 <2e-16 *** Output:regressor -0.03838 0.01752 -2.191 0.03 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1151 on 147 degrees of freedom Output:Multiple R-squared: 0.03162, Adjusted R-squared: 0.02503 Output:F-statistic: 4.8 on 1 and 147 DF, p-value: 0.03003 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.06361 0.063612 4.8002 0.03003 Output:Residuals 147 1.94801 0.013252 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01359204 Output:[1] 0.2918086 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0001890081 0.0001752303 Output:regressor 0.0001752303 0.0003068416 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.173357 0.104012 1.6667 0.0977 . Output:regressor -0.038379 0.111383 -0.3446 0.7309 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	IT	-0.0047	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.21181 -0.09268 -0.01050 0.10054 0.25749 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.211807 0.031525 6.719 3.76e-10 * Output:regressor -0.004129 0.007501 -0.550 0.583 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1169 on 147 degrees of freedom Output:Multiple R-squared: 0.002057, Adjusted R-squared: -0.004732 Output:F-statistic: 0.303 on 1 and 147 DF, p-value: 0.5829 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.00414 0.0041373 0.303 0.5829 Output:Residuals 147 2.00749 0.0136564 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01359204 Output:[1] 1.639925 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0009938507 -2.253074e-04 Output:regressor -0.0002253074 5.626643e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.2118071 0.0936676 2.2613 0.02521 * Output:regressor -0.0041287 0.0433516 -0.0952 0.92426 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"

Correlations for IT

Regressand	Regressor	R	R-Analysis Output
IT	IT	1.0000	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Error:Warning message: Error:In summary.lm(ols) : essentially perfect fit: summary may be unreliable Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.060e-14 -4.020e-17 3.500e-18 4.390e-17 1.697e-15 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -2.910e-15 2.461e-16 -1.183e+01 <2e-16 * Output:regressor 1.000e+00 5.856e-17 1.708e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 9.123e-16 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 2.916e+32 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 242.71 242.71 2.9164e+32 < 2.2e-16 Output:Residuals 147 0.00 0.00 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Error:Warning message: Error:In anova.lm(ols) : Error: ANOVA F-tests on an essentially perfect fit are unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.639925 Output:[1] 1.639925 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 6.056625e-32 -1.373046e-32 Output:regressor -1.373046e-32 3.428932e-33 Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -2.9105e-15 7.2806e-16 -3.9976e+00 0.0001009 * Output:regressor 1.0000e+00 1.6473e-16 6.0704e+15 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Error:Warning message: Error:In summary.lm(x) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------"
IT	DE	0.2995	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-3.2410 -0.2754 0.3056 0.6908 1.2978 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 3.2410 0.1295 25.025 < 2e-16 * Output:regressor -1.2689 0.1583 -8.018 3.09e-13 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.072 on 147 degrees of freedom Output:Multiple R-squared: 0.3043, Adjusted R-squared: 0.2995 Output:F-statistic: 64.28 on 1 and 147 DF, p-value: 3.088e-13 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 73.845 73.845 64.284 3.088e-13 Output:Residuals 147 168.864 1.149 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.639925 Output:[1] 0.3098964 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.01677258 0.01506626 Output:regressor 0.01506626 0.02504619 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 3.24101 0.91382 3.5467 0.0005238 * Output:regressor -1.26888 1.13415 -1.1188 0.2650531 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	FR	0.2653	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-3.3967 -0.4034 0.2413 0.7131 1.5351 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 3.3967 0.1219 27.857 < 2e-16 * Output:regressor -1.4788 0.2004 -7.378 1.09e-11 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.098 on 147 degrees of freedom Output:Multiple R-squared: 0.2703, Adjusted R-squared: 0.2653 Output:F-statistic: 54.44 on 1 and 147 DF, p-value: 1.09e-11 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 65.592 65.592 54.439 1.09e-11 Output:Residuals 147 177.116 1.205 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.639925 Output:[1] 0.2026753 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.01486802 0.01650464 Output:regressor 0.01650464 0.04016789 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 3.3967 1.4019 2.4229 0.01661 * Output:regressor -1.4788 2.1691 -0.6817 0.49648 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	ES	0.1798	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-3.8241 -0.2390 0.4522 0.6437 1.3851 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.9997 0.1980 15.152 < 2e-16 * Output:regressor -2.1022 0.3635 -5.784 4.24e-08 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.16 on 147 degrees of freedom Output:Multiple R-squared: 0.1854, Adjusted R-squared: 0.1798 Output:F-statistic: 33.45 on 1 and 147 DF, p-value: 4.238e-08 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 44.991 44.991 33.45 4.238e-08 Output:Residuals 147 197.718 1.345 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.639925 Output:[1] 0.06878735 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.03919533 0.0631328 Output:regressor 0.06313280 0.1321170 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.9997 1.2516 2.3967 0.0178 * Output:regressor -2.1022 2.0914 -1.0051 0.3165 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	RO	0.1468	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-3.5264 -0.1568 0.2916 0.8063 1.1527 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 3.4756 0.1413 24.602 < 2e-16 * Output:regressor -0.9259 0.1800 -5.144 8.47e-07 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.183 on 147 degrees of freedom Output:Multiple R-squared: 0.1525, Adjusted R-squared: 0.1468 Output:F-statistic: 26.46 on 1 and 147 DF, p-value: 8.469e-07 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 37.022 37.022 26.459 8.469e-07 Output:Residuals 147 205.687 1.399 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.639925 Output:[1] 0.2918086 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.01995703 0.01850225 Output:regressor 0.01850225 0.03239886 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 3.47555 1.11396 3.1200 0.002177 Output:regressor -0.92587 1.20457 -0.7686 0.443348 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	GB	-0.0047	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-4.1016 0.3378 0.4259 0.4984 0.7545 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 4.1016 0.2056 19.94 <2e-16 * Output:regressor -0.4981 0.9050 -0.55 0.583 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.284 on 147 degrees of freedom Output:Multiple R-squared: 0.002057, Adjusted R-squared: -0.004732 Output:F-statistic: 0.303 on 1 and 147 DF, p-value: 0.5829 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.499 0.49918 0.303 0.5829 Output:Residuals 147 242.210 1.64769 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.639925 Output:[1] 0.01359204 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.04229164 -0.1599459 Output:regressor -0.15994591 0.8190826 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 4.10157 0.49536 8.2800 6.934e-14 * Output:regressor -0.49814 3.10713 -0.1603 0.8728 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	CH	-0.0066	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-4.0233 0.2748 0.4612 0.5343 0.6379 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 3.98611 0.14191 28.089 <2e-16 * Output:regressor 0.05287 0.27667 0.191 0.849 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.285 on 147 degrees of freedom Output:Multiple R-squared: 0.0002484, Adjusted R-squared: -0.006553 Output:F-statistic: 0.03652 on 1 and 147 DF, p-value: 0.8487 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.06 0.06028 0.0365 0.8487 Output:Residuals 147 242.65 1.65067 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.639925 Output:[1] 0.1456998 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.02013885 -0.02633580 Output:regressor -0.02633580 0.07654905 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 3.986106 0.693313 5.7494 5.001e-08 * Output:regressor 0.052871 0.878462 0.0602 0.9521 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"

Correlations for RO

Regressand	Regressor	R	R-Analysis Output
RO	RO	1.0000	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Error:Warning message: Error:In summary.lm(ols) : essentially perfect fit: summary may be unreliable Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-2.196e-15 -4.880e-18 1.453e-17 3.247e-17 2.116e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -7.276e-17 2.217e-17 -3.283e+00 0.00129 Output:regressor 1.000e+00 2.824e-17 3.541e+16 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.856e-16 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 1.254e+33 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 43.188 43.188 1.2536e+33 < 2.2e-16 Output:Residuals 147 0.000 0.000 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Error:Warning message: Error:In anova.lm(ols) : Error: ANOVA F-tests on an essentially perfect fit are unreliable Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.2918086 Output:[1] 0.2918086 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 4.913605e-34 4.555425e-34 Output:regressor 4.555425e-34 7.976896e-34 Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -7.2762e-17 3.1375e-17 -2.3191e+00 0.02177 * Output:regressor 1.0000e+00 3.1975e-17 3.1275e+16 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Error:Warning message: Error:In summary.lm(x) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------"
RO	DE	0.7074	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.64395 -0.19121 -0.00262 0.23186 0.65372 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.07945 0.03531 -2.25 0.0259 * Output:regressor 0.81728 0.04315 18.94 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2922 on 147 degrees of freedom Output:Multiple R-squared: 0.7093, Adjusted R-squared: 0.7074 Output:F-statistic: 358.8 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 30.635 30.6350 358.76 < 2.2e-16 * Output:Residuals 147 12.553 0.0854 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.2918086 Output:[1] 0.3098964 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001246807 0.001119966 Output:regressor 0.001119966 0.001861834 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.079453 0.113554 -0.6997 0.4852 Output:regressor 0.817278 0.194928 4.1927 4.741e-05 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	CH	0.3896	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.96268 -0.29081 -0.00127 0.28032 1.04981 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.26558 0.04662 -5.697 6.44e-08 * Output:regressor -0.88798 0.09089 -9.770 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4221 on 147 degrees of freedom Output:Multiple R-squared: 0.3937, Adjusted R-squared: 0.3896 Output:F-statistic: 95.45 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 17.003 17.0030 95.455 < 2.2e-16 Output:Residuals 147 26.185 0.1781 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.2918086 Output:[1] 0.1456998 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.002173219 -0.002841943 Output:regressor -0.002841943 0.008260542 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.26558 0.22673 -1.1713 0.24336 Output:regressor -0.88798 0.48589 -1.8275 0.06965 . Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	ES	0.3685	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.83274 -0.34696 0.05284 0.32359 0.78125 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.02984 0.07328 0.407 0.684 Output:regressor 1.25752 0.13454 9.347 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4293 on 147 degrees of freedom Output:Multiple R-squared: 0.3728, Adjusted R-squared: 0.3685 Output:F-statistic: 87.36 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 16.099 16.0990 87.364 < 2.2e-16 * Output:Residuals 147 27.089 0.1843 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.2918086 Output:[1] 0.06878735 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.005370010 0.008649596 Output:regressor 0.008649596 0.018100869 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.029835 0.407295 0.0733 0.941705 Output:regressor 1.257520 0.472677 2.6604 0.008671 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	IT	0.1468	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.32703 -0.30909 0.07013 0.39751 0.77155 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.08863 0.13461 0.658 0.511 Output:regressor -0.16475 0.03203 -5.144 8.47e-07 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.499 on 147 degrees of freedom Output:Multiple R-squared: 0.1525, Adjusted R-squared: 0.1468 Output:F-statistic: 26.46 on 1 and 147 DF, p-value: 8.469e-07 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 6.588 6.5877 26.459 8.469e-07 * Output:Residuals 147 36.600 0.2490 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.2918086 Output:[1] 1.639925 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.01811965 -0.004107750 Output:regressor -0.00410775 0.001025836 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.088627 0.173151 0.5118 0.6095 Output:regressor -0.164749 0.127326 -1.2939 0.1977 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	FR	0.0915	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.2083 -0.3553 0.0911 0.4168 0.8754 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.41704 0.05720 -7.291 1.75e-11 * Output:regressor 0.37489 0.09401 3.988 0.000105 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.5149 on 147 degrees of freedom Output:Multiple R-squared: 0.09761, Adjusted R-squared: 0.09147 Output:F-statistic: 15.9 on 1 and 147 DF, p-value: 0.0001048 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 4.216 4.2156 15.901 0.0001048 Output:Residuals 147 38.972 0.2651 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.2918086 Output:[1] 0.2026753 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.003271502 0.00363162 Output:regressor 0.003631620 0.00883839 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.41704 1.57581 -0.2647 0.7916 Output:regressor 0.37489 0.90519 0.4142 0.6794 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	GB	0.0250	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.3917 -0.3671 0.1610 0.3579 0.9790 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.41018 0.08545 -4.800 3.86e-06 *** Output:regressor -0.82395 0.37607 -2.191 0.03 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.5334 on 147 degrees of freedom Output:Multiple R-squared: 0.03162, Adjusted R-squared: 0.02503 Output:F-statistic: 4.8 on 1 and 147 DF, p-value: 0.03003 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 1.366 1.3657 4.8002 0.03003 Output:Residuals 147 41.822 0.2845 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.2918086 Output:[1] 0.01359204 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.007302434 -0.02761762 Output:regressor -0.027617621 0.14142977 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.41018 0.39493 -1.0386 0.3007 Output:regressor -0.82395 2.26064 -0.3645 0.7160 Output: Output:[1] "-------------------------------------------------------------------------------------------"