KSFX - Differences in European Media Reporting on Poland

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Sentiment Data per Topic: Poland

Media Coverage

Column=Regressor Row=Regressand		CH		DE		ES		FR		GB		IT		RO
CH		1.0000		0.1188		0.2679		0.4477		0.4708		0.3977		0.2700
DE		0.1188		1.0000		0.1883		0.1454		0.2514		0.3844		0.3965
ES		0.2679		0.1883		1.0000		0.3651		0.4106		0.3010		0.2002
FR		0.4477		0.1454		0.3651		1.0000		0.3687		0.3681		0.1303
GB		0.4708		0.2514		0.4106		0.3687		1.0000		0.4607		0.3327
IT		0.3977		0.3844		0.3010		0.3681		0.4607		1.0000		0.3508
RO		0.2700		0.3965		0.2002		0.1303		0.3327		0.3508		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:-2.457e-18 -2.259e-19 -1.844e-19 -1.576e-19 2.759e-17 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.842e-18 3.055e-19 9.304e+00 <2e-16 * Output:regressor 1.000e+00 7.324e-17 1.365e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 2.297e-18 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 1.864e+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 0.00098316 0.00098316 1.864e+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] 6.642941e-06 Output:[1] 6.642941e-06 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 9.332717e-38 -1.762878e-35 Output:regressor -1.762878e-35 5.364806e-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) 2.8423e-18 3.2609e-19 8.7161e+00 5.591e-15 * Output:regressor 1.0000e+00 4.6679e-17 2.1423e+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	0.4708	+- 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:-0.0051494 -0.0010689 -0.0001812 0.0006440 0.0095023 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0009816 0.0002522 3.892 0.00015 * Output:regressor 0.5235122 0.0454506 11.518 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.001875 on 147 degrees of freedom Output:Multiple R-squared: 0.4744, Adjusted R-squared: 0.4708 Output:F-statistic: 132.7 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 0.00046639 0.00046639 132.67 < 2.2e-16 Output:Residuals 147 0.00051676 0.00000352 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] 6.642941e-06 Output:[1] 1.149833e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 6.361836e-08 -9.092960e-06 Output:regressor -9.092960e-06 2.065754e-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) 0.00098163 0.00038360 2.5590 0.01151 * Output:regressor 0.52351224 0.08395340 6.2357 4.522e-09 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	FR	0.4477	+- 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:-0.0055962 -0.0010063 -0.0002438 0.0009571 0.0069495 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0012057 0.0002458 4.906 2.44e-06 * Output:regressor 1.0237961 0.0930864 10.998 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.001915 on 147 degrees of freedom Output:Multiple R-squared: 0.4514, Adjusted R-squared: 0.4477 Output:F-statistic: 121 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 0.00044381 0.00044381 120.96 < 2.2e-16 Output:Residuals 147 0.00053934 0.00000367 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] 6.642941e-06 Output:[1] 2.860963e-06 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 6.040113e-08 -1.760713e-05 Output:regressor -1.760713e-05 8.665077e-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) 0.00120569 0.00033037 3.6495 0.0003643 * Output:regressor 1.02379610 0.19552178 5.2362 5.568e-07 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	IT	0.3977	+- 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:-0.0034994 -0.0011660 -0.0003268 0.0009575 0.0094446 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0017931 0.0002223 8.065 2.37e-13 * Output:regressor 0.7052229 0.0709827 9.935 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.002 on 147 degrees of freedom Output:Multiple R-squared: 0.4017, Adjusted R-squared: 0.3977 Output:F-statistic: 98.71 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 0.00039496 0.00039496 98.707 < 2.2e-16 Output:Residuals 147 0.00058820 0.00000400 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] 6.642941e-06 Output:[1] 5.365844e-06 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 4.943454e-08 -1.066631e-05 Output:regressor -1.066631e-05 5.038541e-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) 0.00179309 0.00023098 7.7630 1.295e-12 * Output:regressor 0.70522293 0.13991641 5.0403 1.347e-06 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	RO	0.2700	+- 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:-0.0052011 -0.0012156 -0.0003427 0.0007369 0.0135363 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0003250 0.0004357 0.746 0.457 Output:regressor 0.2648886 0.0354800 7.466 6.74e-12 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.002202 on 147 degrees of freedom Output:Multiple R-squared: 0.2749, Adjusted R-squared: 0.27 Output:F-statistic: 55.74 on 1 and 147 DF, p-value: 6.737e-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 0.00027030 2.703e-04 55.739 6.737e-12 * Output:Residuals 147 0.00071286 4.849e-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] 6.642941e-06 Output:[1] 2.602888e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.898437e-07 -1.407165e-05 Output:regressor -1.407165e-05 1.258832e-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) 0.00032499 0.00081226 0.4001 0.689658 Output:regressor 0.26488864 0.08849122 2.9934 0.003238 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	ES	0.2679	+- 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:-0.0031862 -0.0011879 -0.0003911 0.0005480 0.0150411 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0019846 0.0002517 7.886 6.50e-13 * Output:regressor 1.4292805 0.1924238 7.428 8.31e-12 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.002205 on 147 degrees of freedom Output:Multiple R-squared: 0.2729, Adjusted R-squared: 0.2679 Output:F-statistic: 55.17 on 1 and 147 DF, p-value: 8.307e-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 0.00026830 2.683e-04 55.172 8.307e-12 Output:Residuals 147 0.00071486 4.863e-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] 6.642941e-06 Output:[1] 8.874055e-07 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 6.333523e-08 -0.0000337142 Output:regressor -3.371420e-05 0.0370269287 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) 0.00198460 0.00026089 7.6070 3.088e-12 * Output:regressor 1.42928046 0.17553642 8.1424 1.522e-13 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	DE	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:-0.0054452 -0.0012078 -0.0004354 0.0006603 0.0152555 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0020760 0.0003304 6.283 3.56e-09 * Output:regressor 0.2785899 0.0608659 4.577 9.96e-06 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.002419 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: 9.958e-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 0.00012264 1.2264e-04 20.95 9.958e-06 Output:Residuals 147 0.00086052 5.8540e-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] 6.642941e-06 Output:[1] 1.067658e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.091743e-07 -1.609057e-05 Output:regressor -1.609057e-05 3.704663e-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) 0.00207600 0.00059855 3.4684 0.0006872 * Output:regressor 0.27858987 0.17347774 1.6059 0.1104395 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:-5.185e-18 -6.760e-20 6.250e-20 1.135e-19 1.393e-18 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.000e+00 6.691e-20 0.000e+00 1 Output:regressor 1.000e+00 1.233e-17 8.113e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 4.899e-19 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 6.583e+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 0.0015801 0.0015801 6.5827e+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 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] 1.067658e-05 Output:[1] 1.067658e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 4.476778e-39 -6.598065e-37 Output:regressor -6.598065e-37 1.519126e-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 9.5289e-20 0.0000e+00 1 Output:regressor 1.0000e+00 2.2748e-17 4.3959e+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] "-------------------------------------------------------------------------------------------"
DE	RO	0.3965	+- 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:-0.0063424 -0.0014630 -0.0003093 0.0008150 0.0100678 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.0001877 0.0005022 -0.374 0.709 Output:regressor 0.4053440 0.0408979 9.911 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.002538 on 147 degrees of freedom Output:Multiple R-squared: 0.4006, Adjusted R-squared: 0.3965 Output:F-statistic: 98.23 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 0.00063294 0.00063294 98.23 < 2.2e-16 * Output:Residuals 147 0.00094719 0.00000644 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] 1.067658e-05 Output:[1] 2.602888e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.522500e-07 -1.869734e-05 Output:regressor -1.869734e-05 1.672641e-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) -0.00018774 0.00095313 -0.1970 0.8441 Output:regressor 0.40534399 0.10092460 4.0163 9.398e-05 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	IT	0.3844	+- 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:-0.0069125 -0.0013126 -0.0003521 0.0006168 0.0119755 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0024819 0.0002849 8.710 5.8e-15 * Output:regressor 0.8793129 0.0909713 9.666 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.002564 on 147 degrees of freedom Output:Multiple R-squared: 0.3886, Adjusted R-squared: 0.3844 Output:F-statistic: 93.43 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 0.00061403 0.00061403 93.428 < 2.2e-16 Output:Residuals 147 0.00096611 0.00000657 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] 1.067658e-05 Output:[1] 5.365844e-06 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 8.119589e-08 -1.751933e-05 Output:regressor -1.751933e-05 8.275769e-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) 0.00248187 0.00035764 6.9396 1.168e-10 * Output:regressor 0.87931288 0.20911464 4.2049 4.518e-05 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	GB	0.2514	+- 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:-0.0065439 -0.0015572 -0.0005274 0.0003949 0.0144633 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0021954 0.0003803 5.772 4.47e-08 * Output:regressor 0.4879750 0.0685324 7.120 4.43e-11 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.002827 on 147 degrees of freedom Output:Multiple R-squared: 0.2564, Adjusted R-squared: 0.2514 Output:F-statistic: 50.7 on 1 and 147 DF, p-value: 4.43e-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 0.00040522 0.00040522 50.7 4.43e-11 Output:Residuals 147 0.00117491 0.00000799 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] 1.067658e-05 Output:[1] 1.149833e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.446424e-07 -0.0000206737 Output:regressor -2.067370e-05 0.0046966880 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) 0.0021954 0.0006005 3.6559 0.0003561 * Output:regressor 0.4879750 0.1226991 3.9770 0.0001091 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	ES	0.1883	+- 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:-0.0048204 -0.0017163 -0.0009139 0.0004397 0.0153938 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.002953 0.000336 8.790 3.63e-15 * Output:regressor 1.526733 0.256882 5.943 1.94e-08 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.002944 on 147 degrees of freedom Output:Multiple R-squared: 0.1937, Adjusted R-squared: 0.1883 Output:F-statistic: 35.32 on 1 and 147 DF, p-value: 1.943e-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 0.00030613 3.0613e-04 35.323 1.943e-08 Output:Residuals 147 0.00127400 8.6670e-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] 1.067658e-05 Output:[1] 8.874055e-07 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.128745e-07 -6.008464e-05 Output:regressor -6.008464e-05 6.598851e-02 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) 0.00295319 0.00086455 3.4159 0.0008222 * Output:regressor 1.52673315 0.53415323 2.8582 0.0048792 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	FR	0.1454	+- 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:-0.0061614 -0.0017149 -0.0008582 0.0005402 0.0149716 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0028173 0.0003876 7.269 1.98e-11 * Output:regressor 0.7510102 0.1467979 5.116 9.60e-07 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.003021 on 147 degrees of freedom Output:Multiple R-squared: 0.1511, Adjusted R-squared: 0.1454 Output:F-statistic: 26.17 on 1 and 147 DF, p-value: 9.601e-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 0.00023882 2.3882e-04 26.173 9.601e-07 Output:Residuals 147 0.00134132 9.1250e-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] 1.067658e-05 Output:[1] 2.860963e-06 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.502147e-07 -4.378807e-05 Output:regressor -4.378807e-05 2.154963e-02 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) 0.00281730 0.00068096 4.1372 5.892e-05 *** Output:regressor 0.75101019 0.36741823 2.0440 0.04274 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	CH	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:-0.0063843 -0.0015465 -0.0008352 0.0004923 0.0152449 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.002872 0.000408 7.039 6.86e-11 * Output:regressor 0.447751 0.097824 4.577 9.96e-06 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.003067 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: 9.958e-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 0.0001971 1.971e-04 20.95 9.958e-06 Output:Residuals 147 0.0013830 9.408e-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] 1.067658e-05 Output:[1] 6.642941e-06 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.664738e-07 -3.144561e-05 Output:regressor -3.144561e-05 9.569557e-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) 0.00287202 0.00083361 3.4453 0.0007437 * Output:regressor 0.44775135 0.26319575 1.7012 0.0910178 . 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:-3.685e-18 6.200e-21 2.380e-20 3.260e-20 6.088e-19 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -1.421e-19 3.583e-20 -3.966e+00 0.000114 * Output:regressor 1.000e+00 2.740e-17 3.650e+16 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 3.14e-19 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 1.332e+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 0.00013134 0.00013134 1.3321e+33 < 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] 8.874055e-07 Output:[1] 8.874055e-07 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.284080e-39 -6.835333e-37 Output:regressor -6.835333e-37 7.506968e-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) -1.4211e-19 4.0198e-20 -3.5353e+00 0.000545 * Output:regressor 1.0000e+00 2.2910e-17 4.3649e+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	GB	0.4106	+- 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:-0.0020996 -0.0003300 -0.0000175 0.0002610 0.0059841 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.232e-04 9.729e-05 1.266 0.208 Output:regressor 1.789e-01 1.753e-02 10.203 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.0007232 on 147 degrees of freedom Output:Multiple R-squared: 0.4146, Adjusted R-squared: 0.4106 Output:F-statistic: 104.1 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 5.4451e-05 5.4451e-05 104.11 < 2.2e-16 * Output:Residuals 147 7.6885e-05 5.2300e-07 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] 8.874055e-07 Output:[1] 1.149833e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 9.465188e-09 -1.352858e-06 Output:regressor -1.352858e-06 3.073445e-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) 0.00012315 0.00031540 0.3905 0.69675 Output:regressor 0.17887778 0.07967656 2.2450 0.02626 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	FR	0.3651	+- 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:-0.0027573 -0.0002964 -0.0000202 0.0002147 0.0062965 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.228e-04 9.631e-05 2.313 0.0221 * Output:regressor 3.385e-01 3.648e-02 9.279 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.0007506 on 147 degrees of freedom Output:Multiple R-squared: 0.3694, Adjusted R-squared: 0.3651 Output:F-statistic: 86.09 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 4.8510e-05 4.851e-05 86.095 < 2.2e-16 * Output:Residuals 147 8.2826e-05 5.630e-07 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] 8.874055e-07 Output:[1] 2.860963e-06 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 9.275775e-09 -2.703918e-06 Output:regressor -2.703918e-06 1.330692e-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) 0.00022276 0.00032304 0.6896 0.4915 Output:regressor 0.33847521 0.20485601 1.6523 0.1006 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	IT	0.3010	+- 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:-0.0016486 -0.0003123 -0.0000048 0.0002396 0.0067415 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 4.345e-04 8.754e-05 4.964 1.89e-06 * Output:regressor 2.248e-01 2.795e-02 8.045 2.64e-13 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.0007876 on 147 degrees of freedom Output:Multiple R-squared: 0.3057, Adjusted R-squared: 0.301 Output:F-statistic: 64.72 on 1 and 147 DF, p-value: 2.644e-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 4.0149e-05 4.0149e-05 64.724 2.644e-13 Output:Residuals 147 9.1187e-05 6.2000e-07 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] 8.874055e-07 Output:[1] 5.365844e-06 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 7.663735e-09 -1.653576e-06 Output:regressor -1.653576e-06 7.811147e-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) 0.00043454 0.00023370 1.8594 0.06497 . Output:regressor 0.22484786 0.14648311 1.5350 0.12694 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	CH	0.2679	+- 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:-0.0026905 -0.0002755 -0.0000465 0.0001702 0.0076131 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0002831 0.0001072 2.641 0.00917 Output:regressor 0.1909322 0.0257052 7.428 8.31e-12 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.000806 on 147 degrees of freedom Output:Multiple R-squared: 0.2729, Adjusted R-squared: 0.2679 Output:F-statistic: 55.17 on 1 and 147 DF, p-value: 8.307e-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 3.5841e-05 3.5841e-05 55.172 8.307e-12 Output:Residuals 147 9.5495e-05 6.5000e-07 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] 8.874055e-07 Output:[1] 6.642941e-06 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.149464e-08 -2.171248e-06 Output:regressor -2.171248e-06 6.607560e-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) 0.00028313 0.00031170 0.9083 0.3652 Output:regressor 0.19093220 0.12044301 1.5852 0.1151 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	RO	0.2002	+- 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:-0.0014416 -0.0003516 -0.0000051 0.0002477 0.0080832 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -2.527e-05 1.667e-04 -0.152 0.88 Output:regressor 8.372e-02 1.357e-02 6.167 6.38e-09 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.0008425 on 147 degrees of freedom Output:Multiple R-squared: 0.2056, Adjusted R-squared: 0.2002 Output:F-statistic: 38.04 on 1 and 147 DF, p-value: 6.379e-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 2.6998e-05 2.6998e-05 38.037 6.379e-09 * Output:Residuals 147 1.0434e-04 7.0980e-07 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] 8.874055e-07 Output:[1] 2.602888e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.778664e-08 -2.059609e-06 Output:regressor -2.059609e-06 1.842500e-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) -2.5274e-05 5.1566e-04 -0.0490 0.9610 Output:regressor 8.3716e-02 5.3306e-02 1.5705 0.1185 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	DE	0.1883	+- 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:-0.0023557 -0.0003077 0.0000056 0.0002219 0.0074908 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0003594 0.0001159 3.101 0.00232 Output:regressor 0.1268976 0.0213513 5.943 1.94e-08 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.0008487 on 147 degrees of freedom Output:Multiple R-squared: 0.1937, Adjusted R-squared: 0.1883 Output:F-statistic: 35.32 on 1 and 147 DF, p-value: 1.943e-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 2.5445e-05 2.5445e-05 35.323 1.943e-08 Output:Residuals 147 1.0589e-04 7.2030e-07 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] 8.874055e-07 Output:[1] 1.067658e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.343446e-08 -1.980028e-06 Output:regressor -1.980028e-06 4.558780e-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) 0.00035937 0.00042854 0.8386 0.4031 Output:regressor 0.12689756 0.12182498 1.0416 0.2993 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:-2.034e-19 3.469e-21 8.438e-21 1.132e-20 1.128e-19 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.000e+00 5.569e-21 0.00e+00 1 Output:regressor 1.000e+00 2.109e-18 4.74e+17 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 4.341e-20 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 2.247e+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 0.00042342 0.00042342 2.2472e+35 < 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] 2.860963e-06 Output:[1] 2.860963e-06 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 3.101900e-41 -9.042139e-39 Output:regressor -9.042139e-39 4.449950e-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 8.0758e-21 0.0000e+00 1 Output:regressor 1.0000e+00 2.2341e-18 4.4762e+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] "-------------------------------------------------------------------------------------------"
FR	CH	0.4477	+- 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:-0.0033217 -0.0007978 -0.0002126 0.0004817 0.0052092 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0005831 0.0001672 3.487 0.000644 * Output:regressor 0.4409256 0.0400902 10.998 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.001257 on 147 degrees of freedom Output:Multiple R-squared: 0.4514, Adjusted R-squared: 0.4477 Output:F-statistic: 121 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 0.00019114 0.00019114 120.96 < 2.2e-16 Output:Residuals 147 0.00023228 0.00000158 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] 2.860963e-06 Output:[1] 6.642941e-06 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.795955e-08 -5.281343e-06 Output:regressor -5.281343e-06 1.607223e-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) 0.00058308 0.00022308 2.6137 0.009888 Output:regressor 0.44092562 0.04983120 8.8484 2.585e-15 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	GB	0.3687	+- 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:-0.0054391 -0.0007924 -0.0001941 0.0005611 0.0048828 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0006911 0.0001808 3.822 0.000195 * Output:regressor 0.3046255 0.0325784 9.351 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.001344 on 147 degrees of freedom Output:Multiple R-squared: 0.373, Adjusted R-squared: 0.3687 Output:F-statistic: 87.43 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 0.00015792 1.5792e-04 87.433 < 2.2e-16 Output:Residuals 147 0.00026551 1.8060e-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] 2.860963e-06 Output:[1] 1.149833e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 3.268613e-08 -4.671822e-06 Output:regressor -4.671822e-06 1.061353e-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) 0.00069108 0.00026986 2.5609 0.01145 * Output:regressor 0.30462552 0.04816911 6.3241 2.889e-09 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	IT	0.3681	+- 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:-0.0025060 -0.0007835 -0.0001797 0.0006798 0.0051220 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0010887 0.0001495 7.285 1.82e-11 * Output:regressor 0.4455705 0.0477128 9.339 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.001345 on 147 degrees of freedom Output:Multiple R-squared: 0.3724, Adjusted R-squared: 0.3681 Output:F-statistic: 87.21 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 0.00015766 1.5766e-04 87.209 < 2.2e-16 Output:Residuals 147 0.00026576 1.8080e-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] 2.860963e-06 Output:[1] 5.365844e-06 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.233551e-08 -4.819249e-06 Output:regressor -4.819249e-06 2.276513e-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) 0.00108872 0.00018949 5.7456 5.092e-08 * Output:regressor 0.44557051 0.09661866 4.6116 8.616e-06 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	ES	0.3651	+- 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:-0.0025561 -0.0008229 -0.0002423 0.0004740 0.0086110 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0010384 0.0001538 6.751 3.17e-10 * Output:regressor 1.0912318 0.1176058 9.279 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.001348 on 147 degrees of freedom Output:Multiple R-squared: 0.3694, Adjusted R-squared: 0.3651 Output:F-statistic: 86.09 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 0.00015639 1.5639e-04 86.095 < 2.2e-16 Output:Residuals 147 0.00026703 1.8170e-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] 2.860963e-06 Output:[1] 8.874055e-07 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.365841e-08 -1.259369e-05 Output:regressor -1.259369e-05 1.383114e-02 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) 0.00103836 0.00014801 7.0154 7.787e-11 * Output:regressor 1.09123180 0.11758157 9.2806 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	DE	0.1454	+- 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:-0.0033968 -0.0008809 -0.0003063 0.0004871 0.0087805 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0011579 0.0002135 5.422 2.36e-07 * Output:regressor 0.2012455 0.0393369 5.116 9.60e-07 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.001564 on 147 degrees of freedom Output:Multiple R-squared: 0.1511, Adjusted R-squared: 0.1454 Output:F-statistic: 26.17 on 1 and 147 DF, p-value: 9.601e-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 0.00006399 6.3995e-05 26.173 9.601e-07 Output:Residuals 147 0.00035943 2.4450e-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] 2.860963e-06 Output:[1] 1.067658e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 4.560076e-08 -6.720833e-06 Output:regressor -6.720833e-06 1.547392e-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) 0.00115789 0.00037457 3.0912 0.002385 ** Output:regressor 0.20124547 0.09677700 2.0795 0.039310 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	RO	0.1303	+- 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:-0.0034007 -0.0010343 -0.0002916 0.0005667 0.0080233 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0006642 0.0003121 2.128 0.035 * Output:regressor 0.1223627 0.0254139 4.815 3.62e-06 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.001577 on 147 degrees of freedom Output:Multiple R-squared: 0.1362, Adjusted R-squared: 0.1303 Output:F-statistic: 23.18 on 1 and 147 DF, p-value: 3.624e-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 0.00005768 5.7679e-05 23.182 3.624e-06 * Output:Residuals 147 0.00036574 2.4880e-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] 2.860963e-06 Output:[1] 2.602888e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 9.740272e-08 -7.219711e-06 Output:regressor -7.219711e-06 6.458662e-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) 0.00066415 0.00050712 1.3097 0.19236 Output:regressor 0.12236268 0.05033268 2.4311 0.01626 * 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:-1.645e-18 -1.633e-19 -6.680e-20 -1.280e-20 1.063e-17 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.705e-18 1.261e-19 1.353e+01 <2e-16 * Output:regressor 1.000e+00 2.271e-17 4.402e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 9.37e-19 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 1.938e+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 0.0017017 0.0017017 1.9382e+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 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] 1.149833e-05 Output:[1] 1.149833e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.588952e-38 -2.271086e-36 Output:regressor -2.271086e-36 5.159493e-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) 1.7054e-18 1.6323e-19 1.0448e+01 < 2.2e-16 * Output:regressor 1.0000e+00 2.2604e-17 4.4239e+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	0.4708	+- 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:-0.0059260 -0.0013285 -0.0000875 0.0009871 0.0115926 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0014241 0.0003281 4.34 2.63e-05 * Output:regressor 0.9061523 0.0786708 11.52 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.002467 on 147 degrees of freedom Output:Multiple R-squared: 0.4744, Adjusted R-squared: 0.4708 Output:F-statistic: 132.7 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 0.00080728 0.00080728 132.67 < 2.2e-16 Output:Residuals 147 0.00089447 0.00000608 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] 1.149833e-05 Output:[1] 6.642941e-06 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.076667e-07 -2.033741e-05 Output:regressor -2.033741e-05 6.189099e-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) 0.00142414 0.00056154 2.5362 0.01225 * Output:regressor 0.90615230 0.22640024 4.0024 9.908e-05 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	IT	0.4607	+- 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:-0.0058175 -0.0015184 -0.0002633 0.0009022 0.0104218 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0022901 0.0002768 8.274 7.18e-14 * Output:regressor 0.9974978 0.0883666 11.288 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.00249 on 147 degrees of freedom Output:Multiple R-squared: 0.4643, Adjusted R-squared: 0.4607 Output:F-statistic: 127.4 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 0.00079018 0.00079018 127.42 < 2.2e-16 Output:Residuals 147 0.00091158 0.00000620 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] 1.149833e-05 Output:[1] 5.365844e-06 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 7.661292e-08 -1.653048e-05 Output:regressor -1.653048e-05 7.808657e-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) 0.00229012 0.00037917 6.0398 1.206e-08 * Output:regressor 0.99749783 0.26124681 3.8182 0.0001976 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	ES	0.4106	+- 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:-0.0052075 -0.0017696 -0.0001651 0.0011196 0.0125540 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0022914 0.0002971 7.713 1.72e-12 * Output:regressor 2.3177630 0.2271566 10.203 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.002603 on 147 degrees of freedom Output:Multiple R-squared: 0.4146, Adjusted R-squared: 0.4106 Output:F-statistic: 104.1 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 0.00070554 0.00070554 104.11 < 2.2e-16 Output:Residuals 147 0.00099621 0.00000678 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] 1.149833e-05 Output:[1] 8.874055e-07 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 8.826295e-08 -4.698356e-05 Output:regressor -4.698356e-05 5.160013e-02 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) 0.00229137 0.00033827 6.7739 2.811e-10 * Output:regressor 2.31776303 0.16181564 14.3235 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	FR	0.3687	+- 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:-0.005164 -0.001718 -0.000112 0.001097 0.013673 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0019140 0.0003457 5.537 1.38e-07 * Output:regressor 1.2243026 0.1309340 9.351 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.002694 on 147 degrees of freedom Output:Multiple R-squared: 0.373, Adjusted R-squared: 0.3687 Output:F-statistic: 87.43 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 0.00063468 0.00063468 87.433 < 2.2e-16 Output:Residuals 147 0.00106708 0.00000726 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] 1.149833e-05 Output:[1] 2.860963e-06 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.195026e-07 -3.483539e-05 Output:regressor -3.483539e-05 1.714371e-02 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) 0.0019140 0.0004715 4.0594 7.967e-05 * Output:regressor 1.2243026 0.3240249 3.7784 0.0002287 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	RO	0.3327	+- 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:-0.0051659 -0.0015470 -0.0005378 0.0010465 0.0132787 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 8.744e-05 5.481e-04 0.160 0.873 Output:regressor 3.860e-01 4.463e-02 8.648 8.31e-15 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.00277 on 147 degrees of freedom Output:Multiple R-squared: 0.3372, Adjusted R-squared: 0.3327 Output:F-statistic: 74.79 on 1 and 147 DF, p-value: 8.309e-15 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 0.00057384 0.00057384 74.787 8.309e-15 * Output:Residuals 147 0.00112792 0.00000767 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] 1.149833e-05 Output:[1] 2.602888e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 3.003802e-07 -2.226486e-05 Output:regressor -2.226486e-05 1.991787e-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) 8.7443e-05 1.2934e-03 0.0676 0.946191 Output:regressor 3.8595e-01 1.3642e-01 2.8292 0.005319 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	DE	0.2514	+- 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:-0.0073440 -0.0016720 -0.0003121 0.0007416 0.0128640 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0021192 0.0004007 5.289 4.37e-07 * Output:regressor 0.5255334 0.0738072 7.120 4.43e-11 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.002934 on 147 degrees of freedom Output:Multiple R-squared: 0.2564, Adjusted R-squared: 0.2514 Output:F-statistic: 50.7 on 1 and 147 DF, p-value: 4.43e-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 0.00043641 0.00043641 50.7 4.43e-11 Output:Residuals 147 0.00126534 0.00000861 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] 1.149833e-05 Output:[1] 1.067658e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.605347e-07 -2.366029e-05 Output:regressor -2.366029e-05 5.447500e-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) 0.00211920 0.00099555 2.1287 0.03495 * Output:regressor 0.52553344 0.27915564 1.8826 0.06173 . 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:-2.273e-17 7.850e-20 1.388e-19 2.411e-19 1.648e-18 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -1.990e-18 2.105e-19 -9.453e+00 <2e-16 * Output:regressor 1.000e+00 6.719e-17 1.488e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.894e-18 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 2.215e+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 0.00079414 0.00079414 2.215e+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] 5.365844e-06 Output:[1] 5.365844e-06 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 4.429524e-38 -9.557420e-36 Output:regressor -9.557420e-36 4.514726e-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) -1.9896e-18 2.7191e-19 -7.3171e+00 1.523e-11 * Output:regressor 1.0000e+00 5.9503e-17 1.6806e+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	GB	0.4607	+- 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:-0.0044416 -0.0010677 -0.0002422 0.0009664 0.0068375 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 6.794e-05 2.289e-04 0.297 0.767 Output:regressor 4.655e-01 4.124e-02 11.288 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.001701 on 147 degrees of freedom Output:Multiple R-squared: 0.4643, Adjusted R-squared: 0.4607 Output:F-statistic: 127.4 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 0.00036875 0.00036875 127.42 < 2.2e-16 * Output:Residuals 147 0.00042540 0.00000289 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] 5.365844e-06 Output:[1] 1.149833e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 5.237049e-08 -7.485304e-06 Output:regressor -7.485304e-06 1.700524e-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) 6.7944e-05 2.4571e-04 0.2765 0.7825 Output:regressor 4.6550e-01 4.6017e-02 10.1157 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	CH	0.3977	+- 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:-0.0046934 -0.0011723 -0.0001501 0.0008682 0.0068705 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0002451 0.0002391 1.025 0.307 Output:regressor 0.5696447 0.0573363 9.935 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.001798 on 147 degrees of freedom Output:Multiple R-squared: 0.4017, Adjusted R-squared: 0.3977 Output:F-statistic: 98.71 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 0.00031903 0.00031903 98.707 < 2.2e-16 * Output:Residuals 147 0.00047512 0.00000323 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] 5.365844e-06 Output:[1] 6.642941e-06 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 5.718922e-08 -0.0000108026 Output:regressor -1.080260e-05 0.0032874568 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) 0.00024509 0.00029932 0.8188 0.4142 Output:regressor 0.56964468 0.10477858 5.4367 2.208e-07 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	DE	0.3844	+- 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:-0.0043700 -0.0010885 -0.0003718 0.0007829 0.0084093 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0001975 0.0002482 0.796 0.427 Output:regressor 0.4419259 0.0457204 9.666 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.001817 on 147 degrees of freedom Output:Multiple R-squared: 0.3886, Adjusted R-squared: 0.3844 Output:F-statistic: 93.43 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 0.00030860 3.086e-04 93.428 < 2.2e-16 * Output:Residuals 147 0.00048555 3.303e-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] 5.365844e-06 Output:[1] 1.067658e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 6.160163e-08 -9.079108e-06 Output:regressor -9.079108e-06 2.090357e-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) 0.00019751 0.00040834 0.4837 0.6293158 Output:regressor 0.44192592 0.11351216 3.8932 0.0001496 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	FR	0.3681	+- 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:-0.0053023 -0.0012514 -0.0003296 0.0009543 0.0065926 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0004189 0.0002363 1.773 0.0783 . Output:regressor 0.8356842 0.0894872 9.339 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.001841 on 147 degrees of freedom Output:Multiple R-squared: 0.3724, Adjusted R-squared: 0.3681 Output:F-statistic: 87.21 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 0.00029570 2.9571e-04 87.209 < 2.2e-16 * Output:Residuals 147 0.00049844 3.3910e-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] 5.365844e-06 Output:[1] 2.860963e-06 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 5.582057e-08 -1.627188e-05 Output:regressor -1.627188e-05 8.007955e-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) 0.00041886 0.00031668 1.3227 0.188 Output:regressor 0.83568422 0.16275573 5.1346 8.828e-07 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	RO	0.3508	+- 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:-0.0034646 -0.0010152 -0.0002142 0.0007678 0.0087456 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.0009078 0.0003693 -2.458 0.0151 * Output:regressor 0.2705914 0.0300713 8.998 1.07e-15 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.001866 on 147 degrees of freedom Output:Multiple R-squared: 0.3552, Adjusted R-squared: 0.3508 Output:F-statistic: 80.97 on 1 and 147 DF, p-value: 1.074e-15 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 0.00028206 2.8206e-04 80.97 1.074e-15 * Output:Residuals 147 0.00051208 3.4840e-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] 5.365844e-06 Output:[1] 2.602888e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.363747e-07 -1.010841e-05 Output:regressor -1.010841e-05 9.042852e-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) -0.00090782 0.00050688 -1.7910 0.07535 . Output:regressor 0.27059141 0.05048499 5.3598 3.155e-07 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	ES	0.3010	+- 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:-0.0045975 -0.0013420 -0.0004098 0.0009133 0.0081021 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.000879 0.000221 3.977 0.000109 * Output:regressor 1.359580 0.168995 8.045 2.64e-13 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.001937 on 147 degrees of freedom Output:Multiple R-squared: 0.3057, Adjusted R-squared: 0.301 Output:F-statistic: 64.72 on 1 and 147 DF, p-value: 2.644e-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 0.00024277 2.4277e-04 64.724 2.644e-13 Output:Residuals 147 0.00055138 3.7510e-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] 5.365844e-06 Output:[1] 8.874055e-07 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 4.885109e-08 -0.0000260041 Output:regressor -2.600410e-05 0.0285592384 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) 0.00087900 0.00022595 3.8902 0.0001513 * Output:regressor 1.35957970 0.12456027 10.9150 < 2.2e-16 * 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:-3.291e-18 -3.920e-19 -2.550e-19 -1.030e-19 3.332e-17 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 6.822e-18 5.544e-19 1.230e+01 <2e-16 * Output:regressor 1.000e+00 4.514e-17 2.215e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 2.802e-18 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 4.907e+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 0.0038523 0.0038523 4.9072e+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] 2.602888e-05 Output:[1] 2.602888e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 3.073250e-37 -2.277963e-35 Output:regressor -2.277963e-35 2.037837e-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) 6.8215e-18 6.9089e-19 9.8734e+00 < 2.2e-16 * Output:regressor 1.0000e+00 4.4465e-17 2.2490e+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	0.3965	+- 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:-0.0079950 -0.0024208 -0.0007676 0.0021055 0.0132818 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0068862 0.0005413 12.722 <2e-16 * Output:regressor 0.9882054 0.0997068 9.911 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.003963 on 147 degrees of freedom Output:Multiple R-squared: 0.4006, Adjusted R-squared: 0.3965 Output:F-statistic: 98.23 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 0.0015431 0.00154308 98.23 < 2.2e-16 Output:Residuals 147 0.0023092 0.00001571 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] 2.602888e-05 Output:[1] 1.067658e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.929688e-07 -4.317898e-05 Output:regressor -4.317898e-05 9.941447e-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) 0.00688624 0.00069579 9.8970 < 2.2e-16 * Output:regressor 0.98820536 0.15603446 6.3333 2.758e-09 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	IT	0.3508	+- 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:-0.011312 -0.002575 -0.000844 0.001883 0.013717 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0083996 0.0004569 18.383 < 2e-16 * Output:regressor 1.3125971 0.1458714 8.998 1.07e-15 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.004111 on 147 degrees of freedom Output:Multiple R-squared: 0.3552, Adjusted R-squared: 0.3508 Output:F-statistic: 80.97 on 1 and 147 DF, p-value: 1.074e-15 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 0.0013682 0.0013682 80.97 1.074e-15 Output:Residuals 147 0.0024840 0.0000169 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] 2.602888e-05 Output:[1] 5.365844e-06 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.08769e-07 -0.0000450453 Output:regressor -4.50453e-05 0.0212784642 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) 0.00839964 0.00046943 17.8934 < 2.2e-16 * Output:regressor 1.31259705 0.22718083 5.7778 4.359e-08 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	GB	0.3327	+- 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:-0.0098819 -0.0024650 -0.0006883 0.0019000 0.0141373 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0073326 0.0005607 13.079 < 2e-16 * Output:regressor 0.8736868 0.1010281 8.648 8.31e-15 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.004168 on 147 degrees of freedom Output:Multiple R-squared: 0.3372, Adjusted R-squared: 0.3327 Output:F-statistic: 74.79 on 1 and 147 DF, p-value: 8.309e-15 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 0.0012990 1.299e-03 74.787 8.309e-15 Output:Residuals 147 0.0025533 1.737e-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] 2.602888e-05 Output:[1] 1.149833e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 3.143315e-07 -4.492735e-05 Output:regressor -4.492735e-05 1.020667e-02 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) 0.00733258 0.00057421 12.7698 < 2.2e-16 * Output:regressor 0.87368678 0.11366841 7.6863 1.987e-12 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	CH	0.2700	+- 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:-0.0089549 -0.0029197 -0.0004877 0.0018912 0.0169403 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0077678 0.0005798 13.396 < 2e-16 * Output:regressor 1.0379068 0.1390205 7.466 6.74e-12 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.004359 on 147 degrees of freedom Output:Multiple R-squared: 0.2749, Adjusted R-squared: 0.27 Output:F-statistic: 55.74 on 1 and 147 DF, p-value: 6.737e-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 0.0010591 0.0010591 55.739 6.737e-12 Output:Residuals 147 0.0027932 0.0000190 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] 2.602888e-05 Output:[1] 6.642941e-06 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 3.362110e-07 -6.350765e-05 Output:regressor -6.350765e-05 1.932670e-02 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) 0.00776777 0.00099162 7.8334 8.727e-13 * Output:regressor 1.03790683 0.29737021 3.4903 0.0006372 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	ES	0.2002	+- 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:-0.0078204 -0.0031869 -0.0008547 0.0026173 0.0161551 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0089425 0.0005207 17.174 < 2e-16 * Output:regressor 2.4555097 0.3981412 6.167 6.38e-09 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.004563 on 147 degrees of freedom Output:Multiple R-squared: 0.2056, Adjusted R-squared: 0.2002 Output:F-statistic: 38.04 on 1 and 147 DF, p-value: 6.379e-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 0.00079189 0.00079189 38.037 6.379e-09 Output:Residuals 147 0.00306038 0.00002082 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] 2.602888e-05 Output:[1] 8.874055e-07 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.711451e-07 -0.0001443342 Output:regressor -1.443342e-04 0.1585163834 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) 0.00894252 0.00083446 10.717 < 2.2e-16 * Output:regressor 2.45550969 0.22488056 10.919 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	FR	0.1303	+- 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:-0.008590 -0.003312 -0.001104 0.002398 0.017903 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0089163 0.0006105 14.606 < 2e-16 * Output:regressor 1.1132486 0.2312142 4.815 3.62e-06 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.004758 on 147 degrees of freedom Output:Multiple R-squared: 0.1362, Adjusted R-squared: 0.1303 Output:F-statistic: 23.18 on 1 and 147 DF, p-value: 3.624e-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 0.0005248 0.00052476 23.182 3.624e-06 Output:Residuals 147 0.0033275 0.00002264 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] 2.602888e-05 Output:[1] 2.860963e-06 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 3.726504e-07 -0.0001086288 Output:regressor -1.086288e-04 0.0534599993 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) 0.00891626 0.00088284 10.0995 < 2.2e-16 * Output:regressor 1.11324860 0.38108593 2.9213 0.004037 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		-0.0067		-0.0029		-0.0060		-0.0044		-0.0040		-0.0007
DE		-0.0067		1.0000		-0.0053		-0.0044		0.0006		-0.0068		0.2774
ES		-0.0029		-0.0053		1.0000		-0.0049		-0.0064		-0.0046		-0.0066
FR		-0.0060		-0.0044		-0.0049		1.0000		0.0155		0.0078		0.0317
GB		-0.0044		0.0006		-0.0064		0.0155		1.0000		0.0134		0.0157
IT		-0.0040		-0.0068		-0.0046		0.0078		0.0134		1.0000		0.0082
RO		-0.0007		0.2774		-0.0066		0.0317		0.0157		0.0082		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:-4.227e-17 -1.011e-17 2.570e-19 8.332e-18 1.466e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 7.276e-17 3.334e-18 2.182e+01 <2e-16 * Output:regressor 1.000e+00 7.277e-18 1.374e+17 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 2.032e-17 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 1.888e+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 7.7958 7.7958 1.8882e+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] 0.05267414 Output:[1] 0.05267414 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.111560e-35 -2.102241e-35 Output:regressor -2.102241e-35 5.296117e-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) 7.2762e-17 4.3035e-18 1.6908e+01 < 2.2e-16 * Output:regressor 1.0000e+00 1.3670e-17 7.3152e+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	-0.0007	+- 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:-0.40517 -0.18753 0.00319 0.14041 0.63622 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.46094 0.07005 6.580 7.73e-10 * Output:regressor -0.10569 0.11142 -0.949 0.344 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2296 on 147 degrees of freedom Output:Multiple R-squared: 0.006084, Adjusted R-squared: -0.0006777 Output:F-statistic: 0.8998 on 1 and 147 DF, p-value: 0.3444 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 0.0474 0.047427 0.8998 0.3444 Output:Residuals 147 7.7483 0.052710 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.05267414 Output:[1] 0.02869005 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.004906657 -0.007517844 Output:regressor -0.007517844 0.012413624 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) 0.460945 0.060255 7.6499 2.433e-12 * Output:regressor -0.105686 0.104316 -1.0131 0.3127 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	ES	-0.0029	+- 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:-0.41666 -0.18163 0.00706 0.14336 0.61376 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.33591 0.08242 4.076 7.49e-05 * Output:regressor 0.08212 0.10798 0.761 0.448 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2298 on 147 degrees of freedom Output:Multiple R-squared: 0.003919, Adjusted R-squared: -0.002857 Output:F-statistic: 0.5784 on 1 and 147 DF, p-value: 0.4482 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 0.0306 0.030552 0.5784 0.4482 Output:Residuals 147 7.7652 0.052825 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.05267414 Output:[1] 0.0306135 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.006793494 -0.00866441 Output:regressor -0.008664410 0.01165901 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) 0.335915 0.073495 4.5706 1.023e-05 * Output:regressor 0.082117 0.096646 0.8497 0.3969 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	IT	-0.0040	+- 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:-0.41562 -0.17728 -0.00339 0.13761 0.58438 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.41562 0.03473 11.97 <2e-16 * Output:regressor -0.03333 0.05207 -0.64 0.523 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.23 on 147 degrees of freedom Output:Multiple R-squared: 0.00278, Adjusted R-squared: -0.004004 Output:F-statistic: 0.4098 on 1 and 147 DF, p-value: 0.5231 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 0.0217 0.021673 0.4098 0.5231 Output:Residuals 147 7.7741 0.052885 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.05267414 Output:[1] 0.1317892 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001206061 -0.001519124 Output:regressor -0.001519124 0.002711385 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) 0.415616 0.039382 10.5534 <2e-16 * Output:regressor -0.033334 0.056840 -0.5864 0.5585 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	GB	-0.0044	+- 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:-0.40772 -0.17924 -0.00292 0.14453 0.59880 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.40772 0.02606 15.646 <2e-16 * Output:regressor -0.19575 0.32683 -0.599 0.55 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.23 on 147 degrees of freedom Output:Multiple R-squared: 0.002434, Adjusted R-squared: -0.004352 Output:F-statistic: 0.3587 on 1 and 147 DF, p-value: 0.5501 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 0.0190 0.018977 0.3587 0.5501 Output:Residuals 147 7.7768 0.052903 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.05267414 Output:[1] 0.003346432 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0006790819 -0.005883145 Output:regressor -0.0058831447 0.106816819 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) 0.407721 0.023414 17.4138 <2e-16 * Output:regressor -0.195748 0.271098 -0.7221 0.4714 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	FR	-0.0060	+- 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:-0.4052 -0.1762 -0.0035 0.1408 0.6030 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.38302 0.04448 8.611 1.03e-14 * Output:regressor 0.02458 0.07113 0.346 0.73 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2302 on 147 degrees of freedom Output:Multiple R-squared: 0.0008117, Adjusted R-squared: -0.005986 Output:F-statistic: 0.1194 on 1 and 147 DF, p-value: 0.7302 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 0.0063 0.006328 0.1194 0.7302 Output:Residuals 147 7.7894 0.052989 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.05267414 Output:[1] 0.07077247 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001978510 -0.002865327 Output:regressor -0.002865327 0.005058982 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) 0.383019 0.046918 8.1635 1.349e-13 * Output:regressor 0.024579 0.080794 0.3042 0.7614 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	DE	-0.0067	+- 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:-0.39920 -0.17523 -0.00504 0.13947 0.60274 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.391723 0.055292 7.085 5.37e-11 * Output:regressor 0.008041 0.080111 0.100 0.92 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2303 on 147 degrees of freedom Output:Multiple R-squared: 6.854e-05, Adjusted R-squared: -0.006734 Output:F-statistic: 0.01008 on 1 and 147 DF, p-value: 0.9202 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 0.0005 0.000534 0.0101 0.9202 Output:Residuals 147 7.7952 0.053029 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.05267414 Output:[1] 0.05582992 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.003057258 -0.004163733 Output:regressor -0.004163733 0.006417758 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) 0.3917230 0.0444731 8.8081 3.271e-15 * Output:regressor 0.0080413 0.0703755 0.1143 0.9092 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:-1.026e-15 -5.500e-19 6.360e-18 1.073e-17 8.061e-17 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -1.455e-16 2.076e-17 -7.011e+00 7.99e-11 * Output:regressor 1.000e+00 3.007e-17 3.325e+16 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 8.645e-17 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 1.106e+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 8.2628 8.2628 1.1056e+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] 0.05582992 Output:[1] 0.05582992 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 4.308823e-34 -5.868261e-34 Output:regressor -5.868261e-34 9.045028e-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) -1.4553e-16 1.3714e-17 -1.0611e+01 < 2.2e-16 * Output:regressor 1.0000e+00 1.2597e-17 7.9381e+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	0.2774	+- 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:-0.49018 -0.11224 0.00276 0.13208 0.46071 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.19991 0.06128 3.262 0.00137 Output:regressor 0.74119 0.09747 7.604 3.14e-12 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2009 on 147 degrees of freedom Output:Multiple R-squared: 0.2823, Adjusted R-squared: 0.2774 Output:F-statistic: 57.82 on 1 and 147 DF, p-value: 3.136e-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 2.3327 2.33268 57.824 3.136e-12 Output:Residuals 147 5.9301 0.04034 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] 0.05582992 Output:[1] 0.02869005 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.003755277 -0.005753732 Output:regressor -0.005753732 0.009500686 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) 0.199907 0.092415 2.1632 0.03215 * Output:regressor 0.741193 0.127839 5.7979 3.955e-08 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	GB	0.0006	+- 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:-0.55314 -0.14831 0.03343 0.20895 0.36766 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.62952 0.02676 23.522 <2e-16 * Output:regressor 0.34983 0.33565 1.042 0.299 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2362 on 147 degrees of freedom Output:Multiple R-squared: 0.007336, Adjusted R-squared: 0.0005827 Output:F-statistic: 1.086 on 1 and 147 DF, p-value: 0.299 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 0.0606 0.060612 1.0863 0.299 Output:Residuals 147 8.2022 0.055797 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.05582992 Output:[1] 0.003346432 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0007162303 -0.006204976 Output:regressor -0.0062049758 0.112660117 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) 0.62952 0.04777 13.1780 <2e-16 * Output:regressor 0.34983 0.25755 1.3583 0.1765 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	FR	-0.0044	+- 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:-0.54723 -0.16222 0.02111 0.21972 0.35480 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.62421 0.04576 13.642 <2e-16 * Output:regressor 0.04339 0.07317 0.593 0.554 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2368 on 147 degrees of freedom Output:Multiple R-squared: 0.002387, Adjusted R-squared: -0.0044 Output:F-statistic: 0.3517 on 1 and 147 DF, p-value: 0.5541 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 0.0197 0.019722 0.3517 0.5541 Output:Residuals 147 8.2431 0.056076 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.05582992 Output:[1] 0.07077247 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.002093739 -0.003032205 Output:regressor -0.003032205 0.005353620 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) 0.624207 0.085804 7.2748 1.918e-11 * Output:regressor 0.043392 0.104521 0.4152 0.6786 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	ES	-0.0053	+- 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:-0.57457 -0.15039 0.02927 0.21996 0.35060 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.68736 0.08496 8.090 2.04e-13 * Output:regressor -0.05191 0.11130 -0.466 0.642 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2369 on 147 degrees of freedom Output:Multiple R-squared: 0.001478, Adjusted R-squared: -0.005315 Output:F-statistic: 0.2175 on 1 and 147 DF, p-value: 0.6416 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 0.0122 0.012209 0.2175 0.6416 Output:Residuals 147 8.2506 0.056127 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.05582992 Output:[1] 0.0306135 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.007218150 -0.009206016 Output:regressor -0.009206016 0.012387810 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) 0.68736 0.13587 5.0589 1.24e-06 * Output:regressor -0.05191 0.16545 -0.3138 0.7542 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------" 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:
DE	CH	-0.0067	+- 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:-0.55910 -0.15803 0.03183 0.22557 0.35116 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.645400 0.038900 16.59 <2e-16 * Output:regressor 0.008523 0.084910 0.10 0.92 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2371 on 147 degrees of freedom Output:Multiple R-squared: 6.854e-05, Adjusted R-squared: -0.006734 Output:F-statistic: 0.01008 on 1 and 147 DF, p-value: 0.9202 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 0.0006 0.000566 0.0101 0.9202 Output:Residuals 147 8.2623 0.056206 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.05582992 Output:[1] 0.05267414 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001513205 -0.002861854 Output:regressor -0.002861854 0.007209787 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) 0.6454000 0.0582337 11.0829 <2e-16 * Output:regressor 0.0085231 0.0740393 0.1151 0.9085 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	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:-0.56117 -0.15734 0.02913 0.22232 0.35122 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.6486478 0.0358034 18.117 <2e-16 * Output:regressor 0.0002415 0.0536828 0.004 0.996 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2371 on 147 degrees of freedom Output:Multiple R-squared: 1.377e-07, Adjusted R-squared: -0.006803 Output:F-statistic: 2.024e-05 on 1 and 147 DF, p-value: 0.9964 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 0.000001 0 0.9964 Output:Residuals 147 8.2628 0.056210 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.05582992 Output:[1] 0.1317892 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001281882 -0.001614625 Output:regressor -0.001614625 0.002881839 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) 0.64864779 0.06332811 10.2427 <2e-16 * Output:regressor 0.00024153 0.06999899 0.0035 0.9973 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:-1.247e-15 3.850e-18 6.490e-18 1.513e-17 8.450e-17 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 4.366e-16 3.733e-17 1.169e+01 <2e-16 * Output:regressor 1.000e+00 4.891e-17 2.045e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.041e-16 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 4.181e+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 4.5308 4.5308 4.1808e+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] 0.0306135 Output:[1] 0.0306135 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.393714e-33 -1.777540e-33 Output:regressor -1.777540e-33 2.391896e-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 1.2640e-17 3.4539e+01 < 2.2e-16 * Output:regressor 1.0000e+00 2.6070e-17 3.8358e+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	CH	-0.0029	+- 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:-0.67279 -0.10921 0.02258 0.14214 0.27271 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.72421 0.02875 25.190 <2e-16 * Output:regressor 0.04773 0.06275 0.761 0.448 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1752 on 147 degrees of freedom Output:Multiple R-squared: 0.003919, Adjusted R-squared: -0.002857 Output:F-statistic: 0.5784 on 1 and 147 DF, p-value: 0.4482 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 0.0178 0.017756 0.5784 0.4482 Output:Residuals 147 4.5130 0.030701 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0306135 Output:[1] 0.05267414 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0008265481 -0.001563212 Output:regressor -0.0015632117 0.003938155 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) 0.724207 0.032074 22.5793 <2e-16 * Output:regressor 0.047725 0.063784 0.7482 0.4555 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	IT	-0.0046	+- 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:-0.67489 -0.10289 0.01369 0.14034 0.26564 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.73063 0.02648 27.588 <2e-16 * Output:regressor 0.02234 0.03971 0.563 0.575 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1754 on 147 degrees of freedom Output:Multiple R-squared: 0.002149, Adjusted R-squared: -0.004639 Output:F-statistic: 0.3166 on 1 and 147 DF, p-value: 0.5745 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 0.0097 0.0097377 0.3166 0.5745 Output:Residuals 147 4.5211 0.0307555 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0306135 Output:[1] 0.1317892 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0007013899 -0.0008834526 Output:regressor -0.0008834526 0.0015768173 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) 0.730632 0.024189 30.2049 <2e-16 * Output:regressor 0.022344 0.033530 0.6664 0.5062 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	FR	-0.0049	+- 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:-0.66894 -0.10447 0.01386 0.14041 0.27324 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.72676 0.03389 21.444 <2e-16 * Output:regressor 0.02895 0.05419 0.534 0.594 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1754 on 147 degrees of freedom Output:Multiple R-squared: 0.001937, Adjusted R-squared: -0.004852 Output:F-statistic: 0.2853 on 1 and 147 DF, p-value: 0.594 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 0.0088 0.0087778 0.2853 0.594 Output:Residuals 147 4.5220 0.0307620 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0306135 Output:[1] 0.07077247 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001148588 -0.001663413 Output:regressor -0.001663413 0.002936899 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) 0.726755 0.051857 14.0145 <2e-16 * Output:regressor 0.028949 0.074058 0.3909 0.6964 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	DE	-0.0053	+- 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:-0.69061 -0.10336 0.01571 0.13814 0.25831 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.76162 0.04212 18.081 <2e-16 * Output:regressor -0.02846 0.06103 -0.466 0.642 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1754 on 147 degrees of freedom Output:Multiple R-squared: 0.001478, Adjusted R-squared: -0.005315 Output:F-statistic: 0.2175 on 1 and 147 DF, p-value: 0.6416 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 0.0067 0.0066947 0.2175 0.6416 Output:Residuals 147 4.5241 0.0307762 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0306135 Output:[1] 0.05582992 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001774333 -0.002416495 Output:regressor -0.002416495 0.003724658 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) 0.761618 0.067077 11.3545 <2e-16 * Output:regressor -0.028464 0.089476 -0.3181 0.7508 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	GB	-0.0064	+- 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:-0.67929 -0.10031 0.01654 0.13851 0.25867 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.74649 0.01989 37.537 <2e-16 * Output:regressor -0.06063 0.24941 -0.243 0.808 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1755 on 147 degrees of freedom Output:Multiple R-squared: 0.0004018, Adjusted R-squared: -0.006398 Output:F-statistic: 0.05909 on 1 and 147 DF, p-value: 0.8083 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 0.0018 0.0018205 0.0591 0.8083 Output:Residuals 147 4.5290 0.0308094 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0306135 Output:[1] 0.003346432 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0003954773 -0.003426171 Output:regressor -0.0034261708 0.062206980 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) 0.746490 0.021351 34.9631 <2e-16 * Output:regressor -0.060628 0.201778 -0.3005 0.7642 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	RO	-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:-0.67616 -0.09734 0.01480 0.13361 0.26427 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.73356 0.05356 13.697 <2e-16 * Output:regressor 0.01583 0.08519 0.186 0.853 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1755 on 147 degrees of freedom Output:Multiple R-squared: 0.0002349, Adjusted R-squared: -0.006566 Output:F-statistic: 0.03454 on 1 and 147 DF, p-value: 0.8528 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 0.0011 0.0010645 0.0345 0.8528 Output:Residuals 147 4.5297 0.0308145 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0306135 Output:[1] 0.02869005 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.002868463 -0.004394980 Output:regressor -0.004394980 0.007257085 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) 0.733562 0.078632 9.3291 <2e-16 * Output:regressor 0.015833 0.115211 0.1374 0.8909 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:-2.799e-15 -4.700e-18 1.577e-17 3.701e-17 1.439e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 6.549e-16 4.539e-17 1.443e+01 <2e-16 * Output:regressor 1.000e+00 7.258e-17 1.378e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 2.349e-16 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 1.898e+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 10.474 10.474 1.8981e+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] 0.07077247 Output:[1] 0.07077247 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.060443e-33 -2.983986e-33 Output:Errorregressor -2.983986e-33 5.268483e-33: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) 6.5486e-16 3.8834e-17 1.6863e+01 < 2.2e-16 * Output:regressor 1.0000e+00 9.3492e-17 1.0696e+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	RO	0.0317	+- 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:-0.56615 -0.19720 0.01481 0.19896 0.48784 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.38036 0.07987 4.762 4.55e-06 *** Output:regressor 0.30717 0.12704 2.418 0.0168 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2618 on 147 degrees of freedom Output:Multiple R-squared: 0.03825, Adjusted R-squared: 0.03171 Output:F-statistic: 5.846 on 1 and 147 DF, p-value: 0.01683 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 0.4006 0.40064 5.8464 0.01683 Output:Residuals 147 10.0737 0.06853 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] 0.07077247 Output:[1] 0.02869005 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.006379181 -0.009774005 Output:regressor -0.009774005 0.016139045 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) 0.38036 0.10075 3.7754 0.0002313 ** Output:regressor 0.30717 0.14779 2.0785 0.0394041 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	GB	0.0155	+- 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:-0.59027 -0.19847 0.02085 0.20253 0.47132 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.52868 0.02991 17.678 <2e-16 * Output:regressor 0.68466 0.37507 1.825 0.07 . Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.264 on 147 degrees of freedom Output:Multiple R-squared: 0.02216, Adjusted R-squared: 0.01551 Output:F-statistic: 3.332 on 1 and 147 DF, p-value: 0.06997 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 0.2322 0.232160 3.3321 0.06997 . Output:Residuals 147 10.2422 0.069675 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] 0.07077247 Output:[1] 0.003346432 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0008943618 -0.007748197 Output:regressor -0.0077481970 0.140679481 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) 0.528675 0.034973 15.117 < 2e-16 ** Output:regressor 0.684655 0.329961 2.075 0.03973 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	IT	0.0078	+- 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:-0.60049 -0.17552 0.01843 0.21547 0.48311 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.51689 0.04002 12.917 <2e-16 * Output:regressor 0.08833 0.06000 1.472 0.143 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.265 on 147 degrees of freedom Output:Multiple R-squared: 0.01453, Adjusted R-squared: 0.007827 Output:F-statistic: 2.167 on 1 and 147 DF, p-value: 0.1431 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 0.1522 0.152197 2.1675 0.1431 Output:Residuals 147 10.3221 0.070219 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.07077247 Output:[1] 0.1317892 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001601358 -0.002017029 Output:regressor -0.002017029 0.003600065 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) 0.516892 0.054733 9.4439 <2e-16 * Output:regressor 0.088335 0.072439 1.2194 0.2246 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	DE	-0.0044	+- 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:-0.57890 -0.19601 0.01802 0.21156 0.45422 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.53070 0.06402 8.290 6.55e-14 * Output:regressor 0.05501 0.09275 0.593 0.554 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2666 on 147 degrees of freedom Output:Multiple R-squared: 0.002387, Adjusted R-squared: -0.0044 Output:F-statistic: 0.3517 on 1 and 147 DF, p-value: 0.5541 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 0.025 0.025000 0.3517 0.5541 Output:Residuals 147 10.449 0.071084 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.07077247 Output:[1] 0.05582992 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.004098179 -0.005581382 Output:regressor -0.005581382 0.008602847 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) 0.530697 0.095671 5.5471 1.314e-07 * Output:regressor 0.055006 0.123059 0.4470 0.6555 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	ES	-0.0049	+- 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:-0.58357 -0.20715 0.01974 0.21314 0.44989 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.51665 0.09563 5.402 2.59e-07 * Output:regressor 0.06692 0.12528 0.534 0.594 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2667 on 147 degrees of freedom Output:Multiple R-squared: 0.001937, Adjusted R-squared: -0.004852 Output:F-statistic: 0.2853 on 1 and 147 DF, p-value: 0.594 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 0.0203 0.020293 0.2853 0.594 Output:Residuals 147 10.4540 0.071116 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.07077247 Output:[1] 0.0306135 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.009145832 -0.01166458 Output:regressor -0.011664578 0.01569610 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) 0.516650 0.115712 4.4650 1.585e-05 * Output:regressor 0.066924 0.147484 0.4538 0.6507 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	CH	-0.0060	+- 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:-0.56979 -0.20144 0.01149 0.21346 0.44459 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.55328 0.04378 12.637 <2e-16 * Output:regressor 0.03302 0.09556 0.346 0.73 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2668 on 147 degrees of freedom Output:Multiple R-squared: 0.0008117, Adjusted R-squared: -0.005986 Output:F-statistic: 0.1194 on 1 and 147 DF, p-value: 0.7302 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 0.0085 0.008502 0.1194 0.7302 Output:Residuals 147 10.4658 0.071196 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.07077247 Output:[1] 0.05267414 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001916780 -0.003625116 Output:regressor -0.003625116 0.009132652 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) 0.553276 0.045581 12.1383 <2e-16 * Output:regressor 0.033024 0.107802 0.3063 0.7598 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:-2.023e-16 -1.223e-18 7.640e-19 3.060e-18 3.324e-17 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.729e-17 1.993e-18 1.369e+01 <2e-16 * Output:regressor 1.000e+00 2.500e-17 4.000e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.759e-17 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 1.6e+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 0.49527 0.49527 1.6002e+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] 0.003346432 Output:[1] 0.003346432 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 3.972852e-36 -3.441833e-35 Output:regressor -3.441833e-35 6.249134e-34 Output:[1] "-------------------------------------------------------------------------------------------" Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.7286e-17 2.5710e-18 1.0613e+01 < 2.2e-16 * Output:regressor 1.0000e+00 6.9626e-17 1.4363e+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	RO	0.0157	+- 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:-0.07111 -0.03473 -0.01159 0.01975 0.32121 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.02413 0.01751 1.378 0.1703 Output:regressor 0.05110 0.02785 1.835 0.0686 . Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.05739 on 147 degrees of freedom Output:Multiple R-squared: 0.02239, Adjusted R-squared: 0.01574 Output:F-statistic: 3.366 on 1 and 147 DF, p-value: 0.06857 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 0.01109 0.0110871 3.3661 0.06857 . Output:Residuals 147 0.48418 0.0032938 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] 0.003346432 Output:[1] 0.02869005 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.000306611 -0.0004697810 Output:regressor -0.000469781 0.0007757124 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) 0.024131 0.014810 1.6294 0.10538 Output:regressor 0.051099 0.026720 1.9124 0.05778 . Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	FR	0.0155	+- 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:-0.06911 -0.03655 -0.01224 0.01573 0.32320 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.03674 0.01109 3.313 0.00116 Output:regressor 0.03237 0.01774 1.825 0.06997 . Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.0574 on 147 degrees of freedom Output:Multiple R-squared: 0.02216, Adjusted R-squared: 0.01551 Output:F-statistic: 3.332 on 1 and 147 DF, p-value: 0.06997 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 0.01098 0.0109775 3.3321 0.06997 . Output:Residuals 147 0.48429 0.0032945 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] 0.003346432 Output:[1] 0.07077247 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0001230102 -0.0001781464 Output:regressor -0.0001781464 0.0003145328 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) 0.0367411 0.0096194 3.8195 0.0001967 ** Output:regressor 0.0323735 0.0143753 2.2520 0.0258023 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	IT	0.0134	+- 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:-0.06774 -0.03707 -0.00946 0.02152 0.31936 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.067739 0.008677 7.807 1.01e-12 * Output:regressor -0.022600 0.013010 -1.737 0.0845 . Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.05746 on 147 degrees of freedom Output:Multiple R-squared: 0.02011, Adjusted R-squared: 0.01345 Output:F-statistic: 3.017 on 1 and 147 DF, p-value: 0.08447 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 0.00996 0.0099620 3.0175 0.08447 . Output:Residuals 147 0.48531 0.0033014 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] 0.003346432 Output:[1] 0.1317892 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 7.529019e-05 -9.483358e-05 Output:regressor -9.483358e-05 1.692623e-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) 0.067739 0.013138 5.1561 8.013e-07 Output:regressor -0.022600 0.017324 -1.3045 0.1941 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	DE	0.0006	+- 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:-0.06151 -0.03790 -0.01036 0.02001 0.32838 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.04147 0.01389 2.987 0.00331 Output:regressor 0.02097 0.02012 1.042 0.29901 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.05783 on 147 degrees of freedom Output:Multiple R-squared: 0.007336, Adjusted R-squared: 0.0005827 Output:F-statistic: 1.086 on 1 and 147 DF, p-value: 0.299 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 0.00363 0.0036331 1.0863 0.299 Output:Residuals 147 0.49164 0.0033445 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.003346432 Output:[1] 0.05582992 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0001928186 -0.0002626030 Output:regressor -0.0002626030 0.0004047624 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) 0.0414728 0.0087507 4.7394 5.012e-06 * Output:regressor 0.0209687 0.0182097 1.1515 0.2514 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	CH	-0.0044	+- 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:-0.06001 -0.03630 -0.01388 0.01630 0.32909 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.060013 0.009512 6.309 3.12e-09 * Output:regressor -0.012436 0.020764 -0.599 0.55 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.05797 on 147 degrees of freedom Output:Multiple R-squared: 0.002434, Adjusted R-squared: -0.004352 Output:F-statistic: 0.3587 on 1 and 147 DF, p-value: 0.5501 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 0.00121 0.0012057 0.3587 0.5501 Output:Residuals 147 0.49407 0.0033610 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.003346432 Output:[1] 0.05267414 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 9.048655e-05 -0.0001711330 Output:regressor -1.711330e-04 0.0004311304 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) 0.060013 0.011196 5.3604 3.147e-07 * Output:regressor -0.012436 0.019665 -0.6324 0.5281 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	ES	-0.0064	+- 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:-0.05761 -0.03803 -0.01273 0.01742 0.33105 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.060002 0.020812 2.883 0.00453 Output:regressor -0.006627 0.027264 -0.243 0.80828 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.05803 on 147 degrees of freedom Output:Multiple R-squared: 0.0004018, Adjusted R-squared: -0.006398 Output:F-statistic: 0.05909 on 1 and 147 DF, p-value: 0.8083 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 0.00020 0.0001990 0.0591 0.8083 Output:Residuals 147 0.49507 0.0033678 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.003346432 Output:[1] 0.0306135 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0004331203 -0.0005524008 Output:regressor -0.0005524008 0.0007433223 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) 0.0600021 0.0222132 2.7012 0.007721 Output:regressor -0.0066273 0.0239092 -0.2772 0.782025 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:-3.745e-15 -5.000e-19 2.900e-17 4.850e-17 4.155e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -6.549e-16 4.746e-17 -1.380e+01 <2e-16 * Output:regressor 1.000e+00 7.116e-17 1.405e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 3.143e-16 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 1.975e+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 19.505 19.505 1.9749e+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] 0.1317892 Output:[1] 0.1317892 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.252342e-33 -2.836991e-33 Output:regressor -2.836991e-33 5.063562e-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) -6.5486e-16 8.1140e-17 -8.0708e+00 2.286e-13 * Output:regressor 1.0000e+00 1.0220e-16 9.7852e+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	GB	0.0134	+- 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:-0.60930 -0.32219 0.06004 0.34594 0.51926 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.60930 0.04085 14.914 <2e-16 * Output:regressor -0.89002 0.51236 -1.737 0.0845 . Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3606 on 147 degrees of freedom Output:Multiple R-squared: 0.02011, Adjusted R-squared: 0.01345 Output:F-statistic: 3.017 on 1 and 147 DF, p-value: 0.08447 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 0.3923 0.39232 3.0175 0.08447 . Output:Residuals 147 19.1125 0.13002 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] 0.1317892 Output:[1] 0.003346432 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001668932 -0.01445859 Output:regressor -0.014458589 0.26251615 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) 0.609295 0.040741 14.9554 < 2e-16 Output:regressor -0.890020 0.513305 -1.7339 0.08503 . Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	RO	0.0082	+- 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:-0.64226 -0.28029 0.07115 0.34596 0.56216 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.4020 0.1103 3.644 0.000371 * Output:regressor 0.2613 0.1755 1.489 0.138525 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3615 on 147 degrees of freedom Output:Multiple R-squared: 0.01487, Adjusted R-squared: 0.008165 Output:F-statistic: 2.218 on 1 and 147 DF, p-value: 0.1385 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 0.290 0.28996 2.2183 0.1385 Output:Residuals 147 19.215 0.13071 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1317892 Output:[1] 0.02869005 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.01216784 -0.01864323 Output:regressor -0.01864323 0.03078409 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) 0.40202 0.11071 3.6314 0.0003886 * Output:regressor 0.26132 0.20371 1.2828 0.2015795 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	FR	0.0078	+- 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:-0.63160 -0.33109 0.06248 0.33924 0.51918 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.46711 0.06987 6.685 4.48e-10 * Output:regressor 0.16449 0.11173 1.472 0.143 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3616 on 147 degrees of freedom Output:Multiple R-squared: 0.01453, Adjusted R-squared: 0.007827 Output:F-statistic: 2.167 on 1 and 147 DF, p-value: 0.1431 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 0.2834 0.28341 2.1675 0.1431 Output:Residuals 147 19.2214 0.13076 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1317892 Output:[1] 0.07077247 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.004882210 -0.007070539 Output:regressor -0.007070539 0.012483644 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) 0.467110 0.062945 7.4210 8.623e-12 * Output:regressor 0.164493 0.112078 1.4677 0.1443 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	CH	-0.0040	+- 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:-0.59338 -0.30171 0.04644 0.35113 0.47388 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.59338 0.05969 9.942 <2e-16 * Output:regressor -0.08340 0.13028 -0.640 0.523 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3638 on 147 degrees of freedom Output:Multiple R-squared: 0.00278, Adjusted R-squared: -0.004004 Output:F-statistic: 0.4098 on 1 and 147 DF, p-value: 0.5231 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 0.0542 0.054224 0.4098 0.5231 Output:Residuals 147 19.4506 0.132317 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1317892 Output:[1] 0.05267414 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.003562307 -0.006737224 Output:regressor -0.006737224 0.016972899 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) 0.593381 0.077577 7.6489 2.446e-12 * Output:regressor -0.083400 0.139040 -0.5998 0.5495 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	ES	-0.0046	+- 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:-0.58391 -0.31895 0.05867 0.34927 0.46932 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.48879 0.13049 3.746 0.000258 * Output:regressor 0.09619 0.17095 0.563 0.574505 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3639 on 147 degrees of freedom Output:Multiple R-squared: 0.002149, Adjusted R-squared: -0.004639 Output:F-statistic: 0.3166 on 1 and 147 DF, p-value: 0.5745 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 0.0419 0.04192 0.3166 0.5745 Output:Residuals 147 19.4629 0.13240 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1317892 Output:[1] 0.0306135 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.01702733 -0.02171662 Output:regressor -0.02171662 0.02922235 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) 0.488793 0.107249 4.5575 1.081e-05 * Output:regressor 0.096189 0.139774 0.6882 0.4924 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	DE	-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:-0.56045 -0.31007 0.03982 0.34288 0.43994 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.5599059 0.0874625 6.402 1.94e-09 * Output:regressor 0.0005702 0.1267207 0.004 0.996 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3643 on 147 degrees of freedom Output:Multiple R-squared: 1.377e-07, Adjusted R-squared: -0.006803 Output:F-statistic: 2.024e-05 on 1 and 147 DF, p-value: 0.9964 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 0.000 0.000003 0 0.9964 Output:Residuals 147 19.505 0.132686 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1317892 Output:[1] 0.05582992 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.007649696 -0.01041826 Output:regressor -0.010418255 0.01605815 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) 0.55990589 0.09025680 6.2035 5.321e-09 * Output:regressor 0.00057015 0.15533964 0.0037 0.9971 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:-1.373e-15 6.190e-18 9.560e-18 1.543e-17 1.216e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.911e-16 3.494e-17 8.329e+00 5.23e-14 * Output:regressor 1.000e+00 5.558e-17 1.799e+16 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.145e-16 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 3.237e+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 4.2461 4.2461 3.237e+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] 0.02869005 Output:[1] 0.02869005 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.221068e-33 -1.870887e-33 Output:regressor -1.870887e-33 3.089249e-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 6.3826e-18 4.5600e+01 < 2.2e-16 * Output:regressor 1.0000e+00 1.6668e-17 5.9996e+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	0.2774	+- 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:-0.32277 -0.09272 0.00056 0.08988 0.32726 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.35850 0.03457 10.370 < 2e-16 * Output:regressor 0.38089 0.05009 7.604 3.14e-12 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.144 on 147 degrees of freedom Output:Multiple R-squared: 0.2823, Adjusted R-squared: 0.2774 Output:F-statistic: 57.82 on 1 and 147 DF, p-value: 3.136e-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 1.1987 1.19873 57.824 3.136e-12 Output:Residuals 147 3.0474 0.02073 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] 0.02869005 Output:[1] 0.05582992 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001195177 -0.001627733 Output:regressor -0.001627733 0.002508902 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) 0.358500 0.031497 11.3821 < 2.2e-16 * Output:regressor 0.380887 0.047228 8.0649 2.363e-13 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	FR	0.0317	+- 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:-0.48033 -0.10944 -0.01475 0.12392 0.37261 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.53508 0.03221 16.614 <2e-16 *** Output:regressor 0.12452 0.05150 2.418 0.0168 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1667 on 147 degrees of freedom Output:Multiple R-squared: 0.03825, Adjusted R-squared: 0.03171 Output:F-statistic: 5.846 on 1 and 147 DF, p-value: 0.01683 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 0.1624 0.16242 5.8464 0.01683 Output:Residuals 147 4.0837 0.02778 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] 0.02869005 Output:[1] 0.07077247 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001037258 -0.001502183 Output:regressor -0.001502183 0.002652234 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) 0.535084 0.041932 12.7608 < 2e-16 ** Output:regressor 0.124523 0.060746 2.0499 0.04215 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	GB	0.0157	+- 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:-0.47577 -0.11572 -0.01473 0.13726 0.36434 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.58148 0.01904 30.542 <2e-16 * Output:regressor 0.43809 0.23878 1.835 0.0686 . Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.168 on 147 degrees of freedom Output:Multiple R-squared: 0.02239, Adjusted R-squared: 0.01574 Output:F-statistic: 3.366 on 1 and 147 DF, p-value: 0.06857 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 0.0951 0.095054 3.3661 0.06857 . Output:Residuals 147 4.1511 0.028239 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] 0.02869005 Output:[1] 0.003346432 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0003624783 -0.003140287 Output:regressor -0.0031402871 0.057016356 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) 0.581484 0.028621 20.3165 <2e-16 ** Output:regressor 0.438089 0.221193 1.9806 0.0495 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	IT	0.0082	+- 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:-0.49353 -0.12136 -0.00922 0.14144 0.36937 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.57374 0.02547 22.522 <2e-16 * Output:regressor 0.05689 0.03820 1.489 0.139 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1687 on 147 degrees of freedom Output:Multiple R-squared: 0.01487, Adjusted R-squared: 0.008165 Output:F-statistic: 2.218 on 1 and 147 DF, p-value: 0.1385 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 0.0631 0.063124 2.2183 0.1385 Output:Residuals 147 4.1830 0.028456 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.02869005 Output:[1] 0.1317892 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0006489444 -0.0008173936 Output:regressor -0.0008173936 0.0014589129 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) 0.573739 0.037024 15.4963 <2e-16 * Output:regressor 0.056889 0.046085 1.2344 0.219 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	CH	-0.0007	+- 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:-0.47280 -0.12544 -0.01542 0.13504 0.37711 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.62846 0.02780 22.605 <2e-16 * Output:regressor -0.05756 0.06069 -0.949 0.344 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1694 on 147 degrees of freedom Output:Multiple R-squared: 0.006084, Adjusted R-squared: -0.0006777 Output:F-statistic: 0.8998 on 1 and 147 DF, p-value: 0.3444 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 0.0258 0.025832 0.8998 0.3444 Output:Residuals 147 4.2203 0.028709 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.02869005 Output:[1] 0.05267414 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0007729328 -0.001461811 Output:regressor -0.0014618115 0.003682700 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) 0.628462 0.033196 18.9316 <2e-16 * Output:regressor -0.057564 0.055578 -1.0357 0.302 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	ES	-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:-0.47233 -0.12433 -0.01247 0.13586 0.39249 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.59459 0.06094 9.757 <2e-16 * Output:regressor 0.01484 0.07984 0.186 0.853 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1699 on 147 degrees of freedom Output:Multiple R-squared: 0.0002349, Adjusted R-squared: -0.006566 Output:F-statistic: 0.03454 on 1 and 147 DF, p-value: 0.8528 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 0.0010 0.0009976 0.0345 0.8528 Output:Residuals 147 4.2451 0.0288784 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.02869005 Output:[1] 0.0306135 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.003713902 -0.004736703 Output:regressor -0.004736703 0.006373808 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) 0.594585 0.072015 8.2564 7.94e-14 * Output:regressor 0.014838 0.107713 0.1378 0.8906 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		0.6596		0.3129		-0.0067		0.3256		0.0240		0.6552
DE		0.6596		1.0000		0.1852		0.0039		0.0672		0.1468		0.9524
ES		0.3129		0.1852		1.0000		0.1678		0.3756		0.0720		0.2521
FR		-0.0067		0.0039		0.1678		1.0000		0.0086		0.0363		-0.0048
GB		0.3256		0.0672		0.3756		0.0086		1.0000		0.2280		0.0767
IT		0.0240		0.1468		0.0720		0.0363		0.2280		1.0000		0.1535
RO		0.6552		0.9524		0.2521		-0.0048		0.0767		0.1535		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:-2.861e-16 -4.424e-17 -1.831e-17 8.210e-18 2.042e-15 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.455e-16 1.670e-17 8.714e+00 5.66e-15 * Output:regressor 1.000e+00 1.260e-17 7.940e+16 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.841e-16 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 6.304e+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 1 213.63 213.63 6.3037e+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] 1.443454 Output:[1] 1.443454 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output: (Intercept) regressor Output:(Intercept) 2.789012e-34 9.034558e-35 Output:regressor 9.034558e-35 1.586371e-34 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) 1.4553e-16 1.9134e-17 7.6057e+00 3.11e-12 * Output:regressor 1.0000e+00 1.0803e-17 9.2564e+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	DE	0.6596	+- 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:-1.3241 -0.5243 -0.1237 0.6282 1.2955 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.32411 0.12554 10.55 <2e-16 * Output:regressor -0.25166 0.01484 -16.96 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.701 on 147 degrees of freedom Output:Multiple R-squared: 0.6619, Adjusted R-squared: 0.6596 Output:F-statistic: 287.8 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 1 141.397 141.397 287.75 < 2.2e-16 Output:Residuals 147 72.234 0.491 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] 1.443454 Output:[1] 15.08539 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.015759270 -0.0016560952 Output:regressor -0.001656095 0.0002200922 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) 1.324106 0.493338 2.6840 0.0081102 Output:regressor -0.251658 0.071116 -3.5387 0.0005386 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	RO	0.6552	+- 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:-1.2805 -0.5464 -0.1374 0.6505 1.2761 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.28054 0.12436 10.3 <2e-16 * Output:regressor -0.46953 0.02795 -16.8 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.7054 on 147 degrees of freedom Output:Multiple R-squared: 0.6576, Adjusted R-squared: 0.6552 Output:F-statistic: 282.3 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 1 140.479 140.479 282.29 < 2.2e-16 Output:Residuals 147 73.152 0.498 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] 1.443454 Output:[1] 4.305476 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.015464387 -0.0030771360 Output:regressor -0.003077136 0.0007809575 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) 1.28054 0.37117 3.4500 0.0007318 * Output:regressor -0.46953 0.11725 -4.0046 9.826e-05 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	GB	0.3256	+- 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:-1.5805 -0.8924 -0.1173 0.6797 2.2534 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -1.05250 0.09876 -10.657 < 2e-16 * Output:regressor 1.79312 0.21068 8.511 1.83e-14 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.9867 on 147 degrees of freedom Output:Multiple R-squared: 0.3301, Adjusted R-squared: 0.3256 Output:F-statistic: 72.44 on 1 and 147 DF, p-value: 1.833e-14 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 70.524 70.524 72.442 1.833e-14 Output:Residuals 147 143.107 0.974 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] 1.443454 Output:[1] 0.1482022 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.009753816 -0.01195504 Output:regressor -0.011955044 0.04438410 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) -1.0525 1.7186 -0.6124 0.5412 Output:regressor 1.7931 2.2800 0.7865 0.4329 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	ES	0.3129	+- 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:-2.4662 -0.6204 0.2773 0.7030 1.6871 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.16397 0.09519 -1.723 0.0871 . Output:regressor 1.01657 0.12292 8.270 7.35e-14 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.9959 on 147 degrees of freedom Output:Multiple R-squared: 0.3175, Adjusted R-squared: 0.3129 Output:F-statistic: 68.39 on 1 and 147 DF, p-value: 7.347e-14 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 67.833 67.833 68.391 7.347e-14 * Output:Residuals 147 145.799 0.992 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] 1.443454 Output:[1] 0.4435095 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.009061322 0.006027981 Output:regressor 0.006027981 0.015110240 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) -0.16397 0.60645 -0.2704 0.787254 Output:regressor 1.01657 0.37939 2.6795 0.008214 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	IT	0.0240	+- 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:-2.156 -1.314 0.302 0.923 2.045 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.65464 0.10497 -6.237 4.5e-09 *** Output:regressor -0.12484 0.05797 -2.154 0.0329 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.187 on 147 degrees of freedom Output:Multiple R-squared: 0.03059, Adjusted R-squared: 0.02399 Output:F-statistic: 4.638 on 1 and 147 DF, p-value: 0.03289 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 6.535 6.5347 4.6384 0.03289 Output:Residuals 147 207.096 1.4088 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] 1.443454 Output:[1] 2.832932 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.011017666 0.002291338 Output:regressor 0.002291338 0.003360140 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) -0.65464 1.17443 -0.5574 0.5781 Output:regressor -0.12484 0.24591 -0.5077 0.6124 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	FR	-0.0067	+- 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:-2.2786 -1.3388 0.3790 0.9565 1.9157 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.55270 0.17199 -3.213 0.00161 Output:regressor -0.01088 0.09113 -0.119 0.90511 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.205 on 147 degrees of freedom Output:Multiple R-squared: 9.7e-05, Adjusted R-squared: -0.006705 Output:F-statistic: 0.01426 on 1 and 147 DF, p-value: 0.9051 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 0.021 0.02072 0.0143 0.9051 Output:Residuals 147 213.610 1.45313 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.443454 Output:[1] 1.182396 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.02958205 -0.01283205 Output:regressor -0.01283205 0.00830387 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) -0.552696 1.022140 -0.5407 0.5895 Output:regressor -0.010882 0.381673 -0.0285 0.9773 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:-1.575e-15 -1.180e-16 3.313e-17 8.805e-17 6.948e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.000e+00 4.827e-17 0.000e+00 1 Output:regressor 1.000e+00 5.704e-18 1.753e+17 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 2.695e-16 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 3.074e+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 2232.6 2232.6 3.0738e+34 < 2.2e-16 * Output:Residuals 147 0.0 0.0 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] 15.08539 Output:[1] 15.08539 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.329483e-33 -2.447985e-34 Output:regressor -2.447985e-34 3.253330e-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 1.1524e-16 0.0000e+00 1 Output:regressor 1.0000e+00 1.2176e-17 8.2131e+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] "-------------------------------------------------------------------------------------------"
DE	RO	0.9524	+- 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:-1.8088 -0.5315 -0.1074 0.3439 2.4888 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.32554 0.14936 2.18 0.0309 * Output:regressor 1.82706 0.03356 54.43 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.8473 on 147 degrees of freedom Output:Multiple R-squared: 0.9527, Adjusted R-squared: 0.9524 Output:F-statistic: 2963 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 2127.11 2127.11 2963 < 2.2e-16 * Output:Residuals 147 105.53 0.72 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] 15.08539 Output:[1] 4.305476 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.022308666 -0.004439025 Output:regressor -0.004439025 0.001126596 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) 0.32554 0.57117 0.570 0.5696 Output:regressor 1.82706 0.22904 7.977 3.887e-13 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	CH	0.6596	+- 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:-6.0267 -1.2470 0.1252 1.5668 4.4496 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 6.0267 0.2056 29.32 <2e-16 * Output:regressor -2.6301 0.1550 -16.96 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 2.266 on 147 degrees of freedom Output:Multiple R-squared: 0.6619, Adjusted R-squared: 0.6596 Output:F-statistic: 287.8 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 1477.73 1477.73 287.75 < 2.2e-16 Output:Residuals 147 754.91 5.14 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] 15.08539 Output:[1] 1.443454 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.04226276 0.01369034 Output:regressor 0.01369034 0.02403876 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) 6.02671 1.64217 3.670 0.0003387 * Output:regressor -2.63006 0.70833 -3.713 0.0002900 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	ES	0.1852	+- 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:-9.3477 -2.7855 0.2591 3.5540 4.9579 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 6.5085 0.3351 19.422 < 2e-16 * Output:regressor -2.5468 0.4327 -5.885 2.58e-08 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 3.506 on 147 degrees of freedom Output:Multiple R-squared: 0.1907, Adjusted R-squared: 0.1852 Output:F-statistic: 34.64 on 1 and 147 DF, p-value: 2.581e-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 1 425.77 425.77 34.639 2.581e-08 Output:Residuals 147 1806.87 12.29 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] 15.08539 Output:[1] 0.4435095 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.11229638 0.07470438 Output:regressor 0.07470438 0.18726023 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) 6.5085 4.1099 1.5836 0.1154 Output:regressor -2.5468 1.7408 -1.4630 0.1456 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	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:-8.2106 -2.2730 0.2273 3.1272 4.3313 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 8.1392 0.3173 25.654 < 2e-16 * Output:regressor 0.9013 0.1752 5.144 8.46e-07 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 3.588 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: 8.463e-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 1 340.58 340.58 26.46 8.463e-07 Output:Residuals 147 1892.06 12.87 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] 15.08539 Output:[1] 2.832932 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.10065892 0.02093398 Output:regressor 0.02093398 0.03069870 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) 8.13915 1.67255 4.8663 2.898e-06 * Output:regressor 0.90128 1.12412 0.8018 0.424 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	GB	0.0672	+- 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:-8.531 -2.947 1.920 2.964 4.053 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 8.2612 0.3755 22.002 < 2e-16 * Output:regressor -2.7350 0.8010 -3.415 0.000826 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 3.751 on 147 degrees of freedom Output:Multiple R-squared: 0.07348, Adjusted R-squared: 0.06718 Output:F-statistic: 11.66 on 1 and 147 DF, p-value: 0.000826 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 1 164.07 164.065 11.659 0.000826 Output:Residuals 147 2068.57 14.072 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] 15.08539 Output:[1] 0.1482022 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.1409887 -0.1728068 Output:regressor -0.1728068 0.6415598 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) 8.2612 12.4405 0.6641 0.5077 Output:regressor -2.7350 9.4021 -0.2909 0.7715 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	FR	0.0039	+- 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:-8.095 -3.236 1.635 3.546 4.447 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 8.0946 0.5531 14.636 <2e-16 * Output:regressor -0.3689 0.2930 -1.259 0.21 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 3.876 on 147 degrees of freedom Output:Multiple R-squared: 0.01066, Adjusted R-squared: 0.003934 Output:F-statistic: 1.585 on 1 and 147 DF, p-value: 0.2101 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 23.81 23.810 1.5846 0.2101 Output:Residuals 147 2208.83 15.026 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 15.08539 Output:[1] 1.182396 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.3058918 -0.13268918 Output:regressor -0.1326892 0.08586575 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) 8.09457 7.07481 1.1441 0.2544 Output:regressor -0.36887 1.69414 -0.2177 0.8279 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:-3.257e-15 4.600e-18 2.340e-17 3.780e-17 3.133e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -1.455e-16 2.616e-17 -5.562e+00 1.22e-07 * Output:regressor 1.000e+00 3.378e-17 2.960e+16 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 2.737e-16 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 8.761e+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 65.639 65.639 8.7611e+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] 0.4435095 Output:[1] 0.4435095 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 6.844781e-34 4.553442e-34 Output:regressor 4.553442e-34 1.141404e-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) -1.4553e-16 3.0230e-17 -4.8140e+00 3.637e-06 * Output:regressor 1.0000e+00 2.2343e-17 4.4757e+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	GB	0.3756	+- 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:-1.3325 -0.2289 0.1008 0.3743 1.0925 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.68609 0.05268 -13.025 <2e-16 * Output:regressor 1.06608 0.11237 9.488 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.5263 on 147 degrees of freedom Output:Multiple R-squared: 0.3798, Adjusted R-squared: 0.3756 Output:F-statistic: 90.01 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 24.929 24.9287 90.013 < 2.2e-16 Output:Residuals 147 40.711 0.2769 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] 0.4435095 Output:[1] 0.1482022 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.002774741 -0.003400941 Output:regressor -0.003400941 0.012626278 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) -0.68609 0.34583 -1.9839 0.04913 * Output:regressor 1.06608 0.40868 2.6086 0.01003 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	CH	0.3129	+- 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:-1.2119 -0.3578 0.1394 0.4444 0.9779 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.22105 0.05008 -4.414 1.95e-05 * Output:regressor 0.31235 0.03777 8.270 7.35e-14 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.552 on 147 degrees of freedom Output:Multiple R-squared: 0.3175, Adjusted R-squared: 0.3129 Output:F-statistic: 68.39 on 1 and 147 DF, p-value: 7.347e-14 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 20.842 20.8419 68.391 7.347e-14 Output:Residuals 147 44.797 0.3047 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] 0.4435095 Output:[1] 1.443454 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0025079412 0.0008124072 Output:regressor 0.0008124072 0.0014264993 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) -0.22105 0.26082 -0.8475 0.3981 Output:regressor 0.31235 0.21389 1.4603 0.1463 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	RO	0.2521	+- 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:-1.5330 -0.4732 0.2198 0.3965 0.9436 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.24233 0.10153 2.387 0.0183 * Output:regressor -0.16275 0.02282 -7.133 4.13e-11 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.5759 on 147 degrees of freedom Output:Multiple R-squared: 0.2571, Adjusted R-squared: 0.2521 Output:F-statistic: 50.88 on 1 and 147 DF, p-value: 4.135e-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 16.878 16.8779 50.882 4.135e-11 * Output:Residuals 147 48.761 0.3317 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] 0.4435095 Output:[1] 4.305476 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.010308178 -0.002051143 Output:regressor -0.002051143 0.000520567 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) 0.24233 10.54913 0.0230 0.9817 Output:regressor -0.16275 2.42662 -0.0671 0.9466 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	DE	0.1852	+- 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:-1.4584 -0.5290 0.2611 0.4396 0.9031 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.16448 0.10766 1.528 0.129 Output:regressor -0.07488 0.01272 -5.885 2.58e-08 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.6011 on 147 degrees of freedom Output:Multiple R-squared: 0.1907, Adjusted R-squared: 0.1852 Output:F-statistic: 34.64 on 1 and 147 DF, p-value: 2.581e-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 12.517 12.5175 34.639 2.581e-08 * Output:Residuals 147 53.122 0.3614 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] 0.4435095 Output:[1] 15.08539 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.011589635 -0.0012179205 Output:regressor -0.001217921 0.0001618595 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) 0.164483 21.815888 0.0075 0.9940 Output:regressor -0.074877 2.727676 -0.0275 0.9781 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	FR	0.1678	+- 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:-1.28335 -0.43214 0.00475 0.54035 1.06174 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.00475 0.08668 -0.055 0.956 Output:regressor -0.25508 0.04592 -5.554 1.27e-07 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.6075 on 147 degrees of freedom Output:Multiple R-squared: 0.1735, Adjusted R-squared: 0.1678 Output:F-statistic: 30.85 on 1 and 147 DF, p-value: 1.269e-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 11.386 11.3865 30.852 1.269e-07 * Output:Residuals 147 54.253 0.3691 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] 0.4435095 Output:[1] 1.182396 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.007513271 -0.003259093 Output:regressor -0.003259093 0.002109023 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) -0.0047504 0.4173403 -0.0114 0.9909 Output:regressor -0.2550836 0.1946508 -1.3105 0.1921 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	IT	0.0720	+- 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:-1.5545 -0.2908 0.1081 0.4780 1.1705 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.32343 0.05673 -5.701 6.31e-08 * Output:regressor 0.11072 0.03133 3.534 0.000548 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.6415 on 147 degrees of freedom Output:Multiple R-squared: 0.0783, Adjusted R-squared: 0.07203 Output:F-statistic: 12.49 on 1 and 147 DF, p-value: 0.0005479 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 5.139 5.1395 12.488 0.0005479 Output:Residuals 147 60.500 0.4116 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] 0.4435095 Output:[1] 2.832932 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0032186353 0.0006693778 Output:regressor 0.0006693778 0.0009816112 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) -0.32343 0.37001 -0.8741 0.3835 Output:regressor 0.11072 0.13005 0.8513 0.3960 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:-1.211e-15 -1.267e-16 -8.290e-17 -3.040e-17 1.377e-14 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.746e-15 1.639e-16 1.065e+01 <2e-16 * Output:regressor 1.000e+00 8.684e-17 1.152e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.149e-15 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 1.326e+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 1 175 175 1.326e+32 < 2.2e-16 Output:Residuals 147 0 0 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] 1.182396 Output:[1] 1.182396 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.686610e-32 -1.165393e-32 Output:regressor -1.165393e-32 7.541484e-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) 1.7463e-15 2.1306e-16 8.1962e+00 1.119e-13 * Output:regressor 1.0000e+00 8.2917e-17 1.2060e+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	0.1678	+- 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:-2.4338 -0.4783 0.2832 0.6495 1.7440 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.27401 0.09481 13.437 < 2e-16 * Output:regressor -0.68005 0.12243 -5.554 1.27e-07 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.9919 on 147 degrees of freedom Output:Multiple R-squared: 0.1735, Adjusted R-squared: 0.1678 Output:F-statistic: 30.85 on 1 and 147 DF, p-value: 1.269e-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 30.356 30.3563 30.852 1.269e-07 Output:Residuals 147 144.638 0.9839 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] 1.182396 Output:[1] 0.4435095 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.008989205 0.005980006 Output:regressor 0.005980006 0.014989981 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) 1.27401 0.64523 1.9745 0.05020 . Output:regressor -0.68005 0.37203 -1.8279 0.06959 . Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	IT	0.0363	+- 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:-2.4117 -0.5946 0.1608 0.7243 2.2992 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.45414 0.09440 15.404 <2e-16 *** Output:regressor -0.13369 0.05213 -2.564 0.0113 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.067 on 147 degrees of freedom Output:Multiple R-squared: 0.04282, Adjusted R-squared: 0.03631 Output:F-statistic: 6.577 on 1 and 147 DF, p-value: 0.01134 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 7.494 7.4938 6.5766 0.01134 Output:Residuals 147 167.501 1.1395 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] 1.182396 Output:[1] 2.832932 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.008911151 0.001853247 Output:regressor 0.001853247 0.002717700 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) 1.45414 0.97259 1.4951 0.1370 Output:regressor -0.13369 0.36260 -0.3687 0.7129 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	GB	0.0086	+- 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:-2.5196 -0.5888 0.2252 0.8023 2.2147 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.6394 0.1084 15.128 <2e-16 * Output:regressor -0.3495 0.2312 -1.512 0.133 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.083 on 147 degrees of freedom Output:Multiple R-squared: 0.01531, Adjusted R-squared: 0.008612 Output:F-statistic: 2.286 on 1 and 147 DF, p-value: 0.1327 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 2.679 2.6793 2.2857 0.1327 Output:Residuals 147 172.315 1.1722 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.182396 Output:[1] 0.1482022 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.01174457 -0.01439507 Output:regressor -0.01439507 0.05344291 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) 1.63945 0.99418 1.6491 0.1013 Output:regressor -0.34950 1.08602 -0.3218 0.7480 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	DE	0.0039	+- 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:-2.36124 -0.67226 0.02349 0.91130 2.28199 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.76286 0.19435 9.071 7.02e-16 * Output:regressor -0.02891 0.02297 -1.259 0.21 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: 0.01066, Adjusted R-squared: 0.003934 Output:F-statistic: 1.585 on 1 and 147 DF, p-value: 0.2101 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 1.866 1.8662 1.5846 0.2101 Output:Residuals 147 173.128 1.1777 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.182396 Output:[1] 15.08539 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.037771481 -0.0039692934 Output:regressor -0.003969293 0.0005275122 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) 1.762858 0.866960 2.0334 0.04381 * Output:regressor -0.028912 0.229081 -0.1262 0.89974 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	RO	-0.0048	+- 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:-2.5195 -0.5651 0.1131 0.8861 2.2556 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.45298 0.19215 7.562 3.97e-12 * Output:regressor 0.02343 0.04318 0.543 0.588 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.09 on 147 degrees of freedom Output:Multiple R-squared: 0.001999, Adjusted R-squared: -0.00479 Output:F-statistic: 0.2945 on 1 and 147 DF, p-value: 0.5882 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 0.35 0.3499 0.2945 0.5882 Output:Residuals 147 174.65 1.1881 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.182396 Output:[1] 4.305476 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.036919893 -0.007346397 Output:regressor -0.007346397 0.001864469 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) 1.452978 0.591354 2.4570 0.01517 * Output:regressor 0.023433 0.346809 0.0676 0.94622 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	CH	-0.0067	+- 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:-2.4935 -0.6137 0.1210 0.9202 2.2722 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.540233 0.098974 15.562 <2e-16 * Output:regressor -0.008914 0.074645 -0.119 0.905 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.091 on 147 degrees of freedom Output:Multiple R-squared: 9.7e-05, Adjusted R-squared: -0.006705 Output:F-statistic: 0.01426 on 1 and 147 DF, p-value: 0.9051 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 0.017 0.01697 0.0143 0.9051 Output:Residuals 147 174.978 1.19032 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.182396 Output:[1] 1.443454 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.009795945 0.003173239 Output:regressor 0.003173239 0.005571864 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) 1.5402332 0.6849610 2.2486 0.02602 * Output:regressor -0.0089137 0.5782828 -0.0154 0.98772 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:-4.443e-16 -4.890e-17 -3.760e-17 -2.180e-17 5.142e-15 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.911e-16 4.287e-17 6.789e+00 2.59e-10 * Output:regressor 1.000e+00 9.145e-17 1.093e+16 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 4.283e-16 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 1.196e+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 21.934 21.934 1.1957e+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] 0.1482022 Output:[1] 0.1482022 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.837886e-33 -2.252658e-33 Output:regressor -2.252658e-33 8.363181e-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 4.9494e-17 5.8805e+00 2.644e-08 * Output:regressor 1.0000e+00 6.1002e-17 1.6393e+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	ES	0.3756	+- 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:-0.59060 -0.25071 -0.02408 0.25241 0.58211 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.41147 0.02908 14.151 <2e-16 * Output:regressor 0.35624 0.03755 9.488 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3042 on 147 degrees of freedom Output:Multiple R-squared: 0.3798, Adjusted R-squared: 0.3756 Output:F-statistic: 90.01 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 8.3301 8.3301 90.013 < 2.2e-16 Output:Residuals 147 13.6038 0.0925 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] 0.1482022 Output:[1] 0.4435095 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0008454714 0.0005624439 Output:regressor 0.0005624439 0.0014098688 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) 0.41147 0.19088 2.1557 0.03273 * Output:regressor 0.35624 0.16008 2.2254 0.02758 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	CH	0.3256	+- 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:-0.66958 -0.10841 -0.00739 0.26547 0.60278 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.37420 0.02868 13.047 < 2e-16 * Output:regressor 0.18410 0.02163 8.511 1.83e-14 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3162 on 147 degrees of freedom Output:Multiple R-squared: 0.3301, Adjusted R-squared: 0.3256 Output:F-statistic: 72.44 on 1 and 147 DF, p-value: 1.833e-14 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 7.2408 7.2408 72.442 1.833e-14 Output:Residuals 147 14.6931 0.1000 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] 0.1482022 Output:[1] 1.443454 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0008225774 0.0002664607 Output:regressor 0.0002664607 0.0004678762 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) 0.37420 0.40839 0.9163 0.3610 Output:regressor 0.18410 0.20764 0.8866 0.3767 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	IT	0.2280	+- 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:-0.53471 -0.26222 -0.07423 0.23278 0.70009 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.34468 0.02991 11.523 < 2e-16 * Output:regressor 0.11046 0.01652 6.687 4.44e-10 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3382 on 147 degrees of freedom Output:Multiple R-squared: 0.2332, Adjusted R-squared: 0.228 Output:F-statistic: 44.72 on 1 and 147 DF, p-value: 4.437e-10 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 5.1158 5.1158 44.715 4.437e-10 Output:Residuals 147 16.8181 0.1144 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] 0.1482022 Output:[1] 2.832932 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0008947350 0.0001860776 Output:regressor 0.0001860776 0.0002728740 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) 0.34468 4.03587 0.0854 0.9321 Output:regressor 0.11046 0.28596 0.3863 0.6998 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	RO	0.0767	+- 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:-0.6327 -0.2704 -0.1013 0.3685 0.7344 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.47982 0.06521 7.358 1.22e-11 * Output:regressor -0.05342 0.01465 -3.645 0.00037 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3699 on 147 degrees of freedom Output:Multiple R-squared: 0.08289, Adjusted R-squared: 0.07665 Output:F-statistic: 13.29 on 1 and 147 DF, p-value: 0.0003703 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 1.8181 1.81809 13.286 0.0003703 Output:Residuals 147 20.1158 0.13684 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] 0.1482022 Output:[1] 4.305476 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.004252488 -0.0008461690 Output:regressor -0.000846169 0.0002147523 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) 0.479822 1.290135 0.3719 0.7105 Output:regressor -0.053415 0.197376 -0.2706 0.7871 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	DE	0.0672	+- 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:-0.6259 -0.2757 -0.1120 0.3676 0.7378 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.471530 0.066586 7.082 5.46e-11 * Output:regressor -0.026869 0.007869 -3.415 0.000826 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3718 on 147 degrees of freedom Output:Multiple R-squared: 0.07348, Adjusted R-squared: 0.06718 Output:F-statistic: 11.66 on 1 and 147 DF, p-value: 0.000826 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 1.6118 1.61181 11.659 0.000826 Output:Residuals 147 20.3221 0.13825 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] 0.1482022 Output:[1] 15.08539 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0044336834 -4.659227e-04 Output:regressor -0.0004659227 6.192031e-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) 0.471530 1.611821 0.2925 0.7703 Output:regressor -0.026869 0.133248 -0.2016 0.8405 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	FR	0.0086	+- 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:-0.4766 -0.2845 -0.1763 0.4013 0.7854 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.33705 0.05469 6.163 6.53e-09 * Output:regressor -0.04381 0.02898 -1.512 0.133 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3833 on 147 degrees of freedom Output:Multiple R-squared: 0.01531, Adjusted R-squared: 0.008612 Output:F-statistic: 2.286 on 1 and 147 DF, p-value: 0.1327 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 0.3358 0.33582 2.2857 0.1327 Output:Residuals 147 21.5981 0.14693 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1482022 Output:[1] 1.182396 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.002991035 -0.0012974456 Output:regressor -0.001297446 0.0008396024 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) 0.337050 0.843106 0.3998 0.6899 Output:regressor -0.043807 0.151803 -0.2886 0.7733 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:-7.080e-15 2.140e-17 4.650e-17 7.070e-17 5.695e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -1.455e-16 5.271e-17 -2.761e+00 0.0065 Output:regressor 1.000e+00 2.911e-17 3.435e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 5.961e-16 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 1.18e+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 1 419.27 419.27 1.1801e+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] 2.832932 Output:[1] 2.832932 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.778583e-33 5.778604e-34 Output:regressor 5.778604e-34 8.474052e-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) -1.4553e-16 5.5006e-17 -2.6456e+00 0.009041 Output:regressor 1.0000e+00 1.7929e-17 5.5776e+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	GB	0.2280	+- 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:-4.7019 -0.3986 0.2479 1.0178 2.2941 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -1.2507 0.1480 -8.449 2.63e-14 * Output:regressor 2.1115 0.3158 6.687 4.44e-10 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.479 on 147 degrees of freedom Output:Multiple R-squared: 0.2332, Adjusted R-squared: 0.228 Output:F-statistic: 44.72 on 1 and 147 DF, p-value: 4.437e-10 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 97.79 97.790 44.715 4.437e-10 Output:Residuals 147 321.48 2.187 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] 2.832932 Output:[1] 0.1482022 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.02191152 -0.02685648 Output:regressor -0.02685648 0.09970694 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) -1.2507 1.0058 -1.2435 0.2157 Output:regressor 2.1115 1.6602 1.2718 0.2055 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	RO	0.1535	+- 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:-4.3666 -0.8377 0.1197 1.2726 2.0682 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -1.95717 0.27299 -7.169 3.40e-11 * Output:regressor 0.32365 0.06135 5.276 4.65e-07 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.549 on 147 degrees of freedom Output:Multiple R-squared: 0.1592, Adjusted R-squared: 0.1535 Output:F-statistic: 27.83 on 1 and 147 DF, p-value: 4.649e-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 66.75 66.748 27.833 4.649e-07 Output:Residuals 147 352.53 2.398 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] 2.832932 Output:[1] 4.305476 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.07452410 -0.014828961 Output:regressor -0.01482896 0.003763496 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) -1.95717 1.85835 -1.0532 0.2940 Output:regressor 0.32365 0.37373 0.8660 0.3879 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	DE	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:-4.3603 -0.8148 0.2676 1.2454 2.0966 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -1.9555 0.2784 -7.023 7.46e-11 * Output:regressor 0.1693 0.0329 5.144 8.46e-07 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.555 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: 8.463e-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 63.96 63.958 26.46 8.463e-07 Output:Residuals 147 355.32 2.417 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] 2.832932 Output:[1] 15.08539 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.077519468 -0.008146292 Output:regressor -0.008146292 0.001082628 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) -1.95548 1.70283 -1.1484 0.2527 Output:regressor 0.16925 0.18903 0.8954 0.3721 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	ES	0.0720	+- 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:-5.1213 -0.0776 0.4368 0.9613 1.8499 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.3998 0.1550 -2.580 0.010869 * Output:regressor 0.7072 0.2001 3.534 0.000548 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.621 on 147 degrees of freedom Output:Multiple R-squared: 0.0783, Adjusted R-squared: 0.07203 Output:F-statistic: 12.49 on 1 and 147 DF, p-value: 0.0005479 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 32.83 32.829 12.488 0.0005479 * Output:Residuals 147 386.45 2.629 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] 2.832932 Output:[1] 0.4435095 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.02401742 0.01597742 Output:regressor 0.01597742 0.04005033 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) -0.39979 0.74681 -0.5353 0.5932 Output:regressor 0.70720 1.39861 0.5056 0.6139 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	FR	0.0363	+- 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:-5.9596 -0.2598 0.4006 1.0933 1.9645 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.1869 0.2357 -0.793 0.4291 Output:regressor -0.3203 0.1249 -2.564 0.0113 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.652 on 147 degrees of freedom Output:Multiple R-squared: 0.04282, Adjusted R-squared: 0.03631 Output:F-statistic: 6.577 on 1 and 147 DF, p-value: 0.01134 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 17.95 17.9546 6.5766 0.01134 Output:Residuals 147 401.32 2.7301 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] 2.832932 Output:[1] 1.182396 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.05557713 -0.02410815 Output:regressor -0.02410815 0.01560085 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) -0.18693 4.46923 -0.0418 0.9667 Output:regressor -0.32031 3.37942 -0.0948 0.9246 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	CH	0.0240	+- 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:-5.4008 -0.5657 0.4647 1.0907 2.1094 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.8215 0.1508 -5.446 2.12e-07 *** Output:regressor -0.2450 0.1138 -2.154 0.0329 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.663 on 147 degrees of freedom Output:Multiple R-squared: 0.03059, Adjusted R-squared: 0.02399 Output:F-statistic: 4.638 on 1 and 147 DF, p-value: 0.03289 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 12.83 12.825 4.6384 0.03289 Output:Residuals 147 406.45 2.765 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] 2.832932 Output:[1] 1.443454 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.022754636 0.007370999 Output:regressor 0.007370999 0.012942677 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) -0.82146 1.02333 -0.8027 0.4234 Output:regressor -0.24502 0.55224 -0.4437 0.6579 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:-1.149e-15 -1.384e-16 -4.880e-17 4.800e-17 1.162e-14 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.746e-15 1.735e-16 1.007e+01 <2e-16 * Output:regressor 1.000e+00 3.898e-17 2.565e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 9.841e-16 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 6.58e+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 1 637.21 637.21 6.5801e+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] 4.305476 Output:[1] 4.305476 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 3.009369e-32 -5.988105e-33 Output:regressor -5.988105e-33 1.519743e-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) 1.7463e-15 3.2839e-16 5.3177e+00 3.833e-07 * Output:regressor 1.0000e+00 6.5067e-17 1.5369e+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	0.9524	+- 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:-1.24337 -0.20444 0.01334 0.26125 1.07332 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.01648 0.08106 0.203 0.839 Output:regressor 0.52146 0.00958 54.434 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4526 on 147 degrees of freedom Output:Multiple R-squared: 0.9527, Adjusted R-squared: 0.9524 Output:F-statistic: 2963 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 1 607.09 607.09 2963 < 2.2e-16 * Output:Residuals 147 30.12 0.20 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] 4.305476 Output:[1] 15.08539 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.006570962 -6.905230e-04 Output:regressor -0.000690523 9.176929e-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) 0.016482 0.342174 0.0482 0.9616 Output:regressor 0.521456 0.082040 6.3561 2.454e-09 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	CH	0.6552	+- 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:-3.14261 -0.86060 0.08903 0.88312 2.31967 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 3.14261 0.11052 28.43 <2e-16 * Output:regressor -1.40050 0.08336 -16.80 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.218 on 147 degrees of freedom Output:Multiple R-squared: 0.6576, Adjusted R-squared: 0.6552 Output:F-statistic: 282.3 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 1 419.01 419.01 282.29 < 2.2e-16 Output:Residuals 147 218.20 1.48 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] 4.305476 Output:[1] 1.443454 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.012215459 0.003957002 Output:regressor 0.003957002 0.006948067 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) 3.1426 0.8478 3.7068 0.0002967 * Output:regressor -1.4005 0.3540 -3.9563 0.0001181 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	ES	0.2521	+- 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:-5.1418 -1.4530 0.3275 1.5393 2.6218 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 3.3099 0.1715 19.298 < 2e-16 * Output:regressor -1.5799 0.2215 -7.133 4.13e-11 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.794 on 147 degrees of freedom Output:Multiple R-squared: 0.2571, Adjusted R-squared: 0.2521 Output:F-statistic: 50.88 on 1 and 147 DF, p-value: 4.135e-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 1 163.85 163.85 50.882 4.135e-11 Output:Residuals 147 473.36 3.22 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] 4.305476 Output:[1] 0.4435095 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.02941936 0.01957102 Output:regressor 0.01957102 0.04905836 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) 3.3099 2.7704 1.1948 0.2341 Output:regressor -1.5799 3.5247 -0.4482 0.6546 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	IT	0.1535	+- 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:-4.2756 -1.0717 0.3587 1.4971 2.5479 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 4.27563 0.16883 25.325 < 2e-16 * Output:regressor 0.49188 0.09324 5.276 4.65e-07 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.909 on 147 degrees of freedom Output:Multiple R-squared: 0.1592, Adjusted R-squared: 0.1535 Output:F-statistic: 27.83 on 1 and 147 DF, p-value: 4.649e-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 1 101.44 101.443 27.833 4.649e-07 Output:Residuals 147 535.77 3.645 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] 4.305476 Output:[1] 2.832932 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.028503195 0.005927794 Output:regressor 0.005927794 0.008692832 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) 4.27563 0.78390 5.4543 2.033e-07 * Output:regressor 0.49188 1.39114 0.3536 0.7242 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	GB	0.0767	+- 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:-4.494 -1.735 0.863 1.529 2.376 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 4.3582 0.1996 21.837 < 2e-16 * Output:regressor -1.5518 0.4257 -3.645 0.00037 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.994 on 147 degrees of freedom Output:Multiple R-squared: 0.08289, Adjusted R-squared: 0.07665 Output:F-statistic: 13.29 on 1 and 147 DF, p-value: 0.0003703 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 52.82 52.818 13.286 0.0003703 Output:Residuals 147 584.39 3.975 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] 4.305476 Output:[1] 0.1482022 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.03983071 -0.04881965 Output:regressor -0.04881965 0.18124702 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) 4.3582 6.8810 0.6334 0.5275 Output:regressor -1.5518 5.7720 -0.2688 0.7884 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	FR	-0.0048	+- 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:-3.8084 -2.0666 0.8049 1.6773 2.7110 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 3.80835 0.29676 12.833 <2e-16 * Output:regressor 0.08533 0.15723 0.543 0.588 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 2.08 on 147 degrees of freedom Output:Multiple R-squared: 0.001999, Adjusted R-squared: -0.00479 Output:F-statistic: 0.2945 on 1 and 147 DF, p-value: 0.5882 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 1.27 1.2741 0.2945 0.5882 Output:Residuals 147 635.94 4.3261 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 4.305476 Output:[1] 1.182396 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.08806828 -0.03820210 Output:regressor -0.03820210 0.02472132 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) 3.808352 5.045054 0.7549 0.4515 Output:regressor 0.085328 1.588414 0.0537 0.9572 Output: Output:[1] "-------------------------------------------------------------------------------------------"

Index (in comparison 12 month moving average)

Column=Regressor Row=Regressand		CH		DE		ES		FR		GB		IT		RO
CH		1.0000		0.0485		0.0403		0.0785		0.1505		0.0047		0.0076
DE		0.0485		1.0000		0.0602		0.0290		0.0101		0.5445		0.7089
ES		0.0403		0.0602		1.0000		0.0935		0.0258		0.1392		0.0453
FR		0.0785		0.0290		0.0935		1.0000		0.1058		0.0109		-0.0001
GB		0.1505		0.0101		0.0258		0.1058		1.0000		-0.0050		0.0146
IT		0.0047		0.5445		0.1392		0.0109		-0.0050		1.0000		0.5783
RO		0.0076		0.7089		0.0453		-0.0001		0.0146		0.5783		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:-3.917e-16 -1.612e-17 2.870e-18 2.544e-17 8.516e-17 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.000e+00 8.060e-18 0.00e+00 1 Output:regressor 1.000e+00 8.267e-18 1.21e+17 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 4.905e-17 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 1.463e+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 35.203 35.203 1.4634e+34 < 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] 0.2378584 Output:[1] 0.2378584 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 6.495587e-35 5.775411e-35 Output:regressor 5.775411e-35 6.833634e-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 1.8073e-17 0.0000e+00 1 Output:regressor 1.0000e+00 1.9495e-17 5.1295e+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] "-------------------------------------------------------------------------------------------"
CH	GB	0.1505	+- 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:-1.37474 -0.26910 -0.00276 0.24593 1.12324 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.57676 0.06326 -9.117 5.34e-16 * Output:regressor 1.31652 0.25232 5.218 6.06e-07 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4495 on 147 degrees of freedom Output:Multiple R-squared: 0.1563, Adjusted R-squared: 0.1505 Output:F-statistic: 27.22 on 1 and 147 DF, p-value: 6.059e-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 5.5008 5.5008 27.224 6.059e-07 Output:Residuals 147 29.7022 0.2021 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] 0.2378584 Output:[1] 0.02144431 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.004001901 0.01297864 Output:regressor 0.012978637 0.06366455 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) -0.57676 0.25403 -2.2705 0.02463 * Output:regressor 1.31652 0.90125 1.4608 0.14621 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	FR	0.0785	+- 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:-1.4065 -0.2976 -0.0243 0.2718 1.1270 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.84703 0.03836 -22.082 < 2e-16 * Output:regressor 0.23412 0.06348 3.688 0.000317 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4682 on 147 degrees of freedom Output:Multiple R-squared: 0.08471, Adjusted R-squared: 0.07848 Output:F-statistic: 13.6 on 1 and 147 DF, p-value: 0.000317 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 2.982 2.98191 13.604 0.000317 Output:Residuals 147 32.221 0.21919 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] 0.2378584 Output:[1] 0.3675739 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.471345e-03 -3.250267e-05 Output:regressor -3.250267e-05 4.029183e-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) -0.84703 0.14701 -5.7618 4.709e-08 * Output:regressor 0.23412 0.18611 1.2580 0.2104 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	DE	0.0485	+- 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:-1.38662 -0.31916 -0.04388 0.25767 1.21958 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.81019 0.04077 -19.873 < 2e-16 * Output:regressor -0.11381 0.03895 -2.922 0.00403 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4757 on 147 degrees of freedom Output:Multiple R-squared: 0.05489, Adjusted R-squared: 0.04846 Output:F-statistic: 8.538 on 1 and 147 DF, p-value: 0.004028 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 1.932 1.93242 8.5381 0.004028 * Output:Residuals 147 33.271 0.22633 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] 0.2378584 Output:[1] 1.007996 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0016620783 -0.0004659088 Output:regressor -0.0004659088 0.0015171306 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) -0.81019 0.16161 -5.0131 1.52e-06 Output:regressor -0.11381 0.17061 -0.6671 0.5057 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	ES	0.0403	+- 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:-1.43895 -0.30735 0.00194 0.27552 1.22229 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.83425 0.03935 -21.200 < 2e-16 * Output:regressor 0.32199 0.11992 2.685 0.00809 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4778 on 147 degrees of freedom Output:Multiple R-squared: 0.04675, Adjusted R-squared: 0.04027 Output:F-statistic: 7.209 on 1 and 147 DF, p-value: 0.008086 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 1.646 1.64575 7.2093 0.008086 * Output:Residuals 147 33.557 0.22828 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] 0.2378584 Output:[1] 0.1072551 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0015485448 0.0004865048 Output:regressor 0.0004865048 0.0143810337 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) -0.83425 0.17144 -4.8662 2.899e-06 ** Output:regressor 0.32199 0.15887 2.0268 0.04449 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	RO	0.0076	+- 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:-1.46182 -0.30691 -0.05004 0.27127 1.27029 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.85274 0.04014 -21.243 <2e-16 * Output:regressor -0.09961 0.06831 -1.458 0.147 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4859 on 147 degrees of freedom Output:Multiple R-squared: 0.01426, Adjusted R-squared: 0.007556 Output:F-statistic: 2.127 on 1 and 147 DF, p-value: 0.1469 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 0.502 0.50204 2.1267 0.1469 Output:Residuals 147 34.701 0.23606 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.2378584 Output:[1] 0.3418623 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0016114237 0.0003557129 Output:regressor 0.0003557129 0.0046656460 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) -0.852739 0.181632 -4.6949 6.061e-06 * Output:regressor -0.099612 0.176647 -0.5639 0.5737 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	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:-1.44777 -0.30938 -0.05743 0.27232 1.24817 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.86626 0.04303 -20.132 <2e-16 * Output:regressor -0.03097 0.02376 -1.303 0.195 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4866 on 147 degrees of freedom Output:Multiple R-squared: 0.01142, Adjusted R-squared: 0.004696 Output:F-statistic: 1.698 on 1 and 147 DF, p-value: 0.1945 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 0.402 0.40207 1.6984 0.1945 Output:Residuals 147 34.801 0.23674 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.2378584 Output:[1] 2.832932 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0018514347 0.0003850419 Output:regressor 0.0003850419 0.0005646458 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) -0.866262 0.190315 -4.5517 1.107e-05 * Output:regressor -0.030967 0.208791 -0.1483 0.8823 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:-8.682e-16 -8.690e-17 -6.460e-17 -3.440e-17 1.010e-14 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.547e-16 7.205e-17 3.535e+00 0.000546 * Output:regressor 1.000e+00 6.884e-17 1.453e+16 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 8.408e-16 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 2.11e+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 1 149.18 149.18 2.1104e+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] 1.007996 Output:[1] 1.007996 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 5.191041e-33 -1.455137e-33 Output:regressor -1.455137e-33 4.738337e-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) 2.5467e-16 7.2446e-17 3.5153e+00 0.0005843 * Output:regressor 1.0000e+00 2.4453e-17 4.0894e+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	0.7089	+- 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:-1.35721 -0.42824 0.05079 0.38144 1.21208 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.41748 0.04475 9.328 <2e-16 * Output:regressor 1.44778 0.07615 19.012 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.5417 on 147 degrees of freedom Output:Multiple R-squared: 0.7109, Adjusted R-squared: 0.7089 Output:F-statistic: 361.4 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 1 106.052 106.052 361.45 < 2.2e-16 Output:Residuals 147 43.131 0.293 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] 1.007996 Output:[1] 0.3418623 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.002002904 0.000442130 Output:regressor 0.000442130 0.005799121 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) 0.41748 0.23816 1.7529 0.0817 . Output:regressor 1.44778 0.23923 6.0519 1.136e-08 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	IT	0.5445	+- 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:-1.72870 -0.39714 0.06052 0.50466 1.15091 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.60811 0.05992 10.15 <2e-16 * Output:regressor 0.44142 0.03309 13.34 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.6776 on 147 degrees of freedom Output:Multiple R-squared: 0.5476, Adjusted R-squared: 0.5445 Output:F-statistic: 177.9 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 81.694 81.694 177.94 < 2.2e-16 Output:Residuals 147 67.489 0.459 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] 1.007996 Output:[1] 2.832932 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0035904595 0.0007467059 Output:regressor 0.0007467059 0.0010950092 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) 0.60811 0.43249 1.4061 0.161814 Output:regressor 0.44142 0.15793 2.7950 0.005883 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	ES	0.0602	+- 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:-2.06634 -0.57908 0.06066 0.87348 1.42905 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.33386 0.08016 4.165 5.29e-05 * Output:regressor 0.79098 0.24429 3.238 0.00149 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.9733 on 147 degrees of freedom Output:Multiple R-squared: 0.06657, Adjusted R-squared: 0.06022 Output:F-statistic: 10.48 on 1 and 147 DF, p-value: 0.001488 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 9.931 9.9314 10.484 0.001488 * Output:Residuals 147 139.252 0.9473 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] 1.007996 Output:[1] 0.1072551 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.006425966 0.002018839 Output:regressor 0.002018839 0.059676691 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) 0.33386 0.78694 0.4242 0.6720 Output:regressor 0.79098 1.57580 0.5020 0.6164 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	CH	0.0485	+- 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:-2.34498 -0.48035 0.05648 0.76756 1.82473 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.1005 0.1609 -0.625 0.53316 Output:regressor -0.4823 0.1651 -2.922 0.00403 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.9794 on 147 degrees of freedom Output:Multiple R-squared: 0.05489, Adjusted R-squared: 0.04846 Output:F-statistic: 8.538 on 1 and 147 DF, p-value: 0.004028 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 8.189 8.1892 8.5381 0.004028 Output:Residuals 147 140.994 0.9591 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] 1.007996 Output:[1] 0.2378584 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.02589825 0.02302687 Output:regressor 0.02302687 0.02724606 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) -0.10053 2.51137 -0.040 0.9681 Output:regressor -0.48232 0.68320 -0.706 0.4813 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	FR	0.0290	+- 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:-2.50094 -0.51856 0.09456 0.81206 1.41408 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.30962 0.08106 3.820 0.000196 *** Output:regressor -0.31229 0.13413 -2.328 0.021263 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.9893 on 147 degrees of freedom Output:Multiple R-squared: 0.03556, Adjusted R-squared: 0.029 Output:F-statistic: 5.421 on 1 and 147 DF, p-value: 0.02126 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 5.306 5.3056 5.4207 0.02126 Output:Residuals 147 143.878 0.9788 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] 1.007996 Output:[1] 0.3675739 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.006570036 -0.000145135 Output:regressor -0.000145135 0.017991616 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) 0.30962 0.78077 0.3966 0.6923 Output:regressor -0.31229 1.32722 -0.2353 0.8143 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	GB	0.0101	+- 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:-2.05750 -0.51731 -0.01918 0.86877 1.60247 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.4882 0.1406 3.473 0.000677 * Output:regressor 0.8883 0.5607 1.584 0.115292 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.9989 on 147 degrees of freedom Output:Multiple R-squared: 0.01679, Adjusted R-squared: 0.0101 Output:F-statistic: 2.51 on 1 and 147 DF, p-value: 0.1153 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 2.504 2.50428 2.5098 0.1153 Output:Residuals 147 146.679 0.99782 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.007996 Output:[1] 0.02144431 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.01976268 0.0640927 Output:regressor 0.06409270 0.3143961 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) 0.48819 0.91935 0.5310 0.5962 Output:regressor 0.88829 9.39568 0.0945 0.9248 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:-5.407e-17 -2.497e-18 -7.000e-19 7.240e-19 5.204e-17 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 9.095e-18 1.008e-18 9.025e+00 9.16e-16 * Output:regressor 1.000e+00 3.071e-18 3.256e+17 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.224e-17 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 1.06e+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 15.874 15.874 1.0603e+35 < 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] 0.1072551 Output:[1] 0.1072551 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.015530e-36 3.190482e-37 Output:regressor 3.190482e-37 9.431033e-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) 9.0953e-18 1.0265e-18 8.8609e+00 2.403e-15 * Output:regressor 1.0000e+00 5.0430e-18 1.9829e+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	IT	0.1392	+- 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:-1.12588 -0.13574 0.04936 0.18935 0.60208 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.01669 0.02687 0.621 0.535 Output:regressor 0.07409 0.01484 4.993 1.66e-06 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3039 on 147 degrees of freedom Output:Multiple R-squared: 0.145, Adjusted R-squared: 0.1392 Output:F-statistic: 24.93 on 1 and 147 DF, p-value: 1.664e-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 2.3015 2.30150 24.927 1.664e-06 * Output:Residuals 147 13.5722 0.09233 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] 0.1072551 Output:[1] 2.832932 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0007220525 0.0001501649 Output:regressor 0.0001501649 0.0002202097 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) 0.016693 0.097431 0.1713 0.8642 Output:regressor 0.074089 0.157387 0.4707 0.6385 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	FR	0.0935	+- 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:-1.30950 -0.15801 0.03436 0.21266 0.63328 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.03521 0.02555 -1.378 0.17 Output:regressor 0.17051 0.04228 4.033 8.81e-05 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3118 on 147 degrees of freedom Output:Multiple R-squared: 0.09963, Adjusted R-squared: 0.09351 Output:F-statistic: 16.27 on 1 and 147 DF, p-value: 8.809e-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 1.5816 1.58156 16.267 8.809e-05 * Output:Residuals 147 14.2922 0.09723 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] 0.1072551 Output:[1] 0.3675739 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 6.526383e-04 -1.441707e-05 Output:regressor -1.441707e-05 1.787208e-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) -0.035205 0.288896 -0.1219 0.9032 Output:regressor 0.170506 0.817558 0.2086 0.8351 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	DE	0.0602	+- 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:-1.3369 -0.1660 0.0499 0.1754 0.6716 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.05968 0.02721 -2.193 0.02985 * Output:regressor 0.08416 0.02599 3.238 0.00149 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3175 on 147 degrees of freedom Output:Multiple R-squared: 0.06657, Adjusted R-squared: 0.06022 Output:F-statistic: 10.48 on 1 and 147 DF, p-value: 0.001488 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 1.0567 1.0567 10.484 0.001488 Output:Residuals 147 14.8170 0.1008 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] 0.1072551 Output:[1] 1.007996 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0007402033 -0.0002074916 Output:regressor -0.0002074916 0.0006756511 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) -0.059676 0.199819 -0.2987 0.7656 Output:regressor 0.084164 0.248557 0.3386 0.7354 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	RO	0.0453	+- 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:-1.37204 -0.14335 0.05808 0.17591 0.70793 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.02412 0.02644 -0.912 0.36315 Output:regressor 0.12738 0.04499 2.832 0.00528 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.32 on 147 degrees of freedom Output:Multiple R-squared: 0.05172, Adjusted R-squared: 0.04527 Output:F-statistic: 8.017 on 1 and 147 DF, p-value: 0.005283 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 0.821 0.82098 8.0174 0.005283 Output:Residuals 147 15.053 0.10240 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] 0.1072551 Output:[1] 0.3418623 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0006990110 0.0001543028 Output:regressor 0.0001543028 0.0020238860 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) -0.024118 0.449862 -0.0536 0.9573 Output:regressor 0.127383 2.246427 0.0567 0.9549 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	CH	0.0403	+- 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:-1.44579 -0.12598 0.03597 0.21660 0.49868 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.08888 0.05272 1.686 0.09395 . Output:regressor 0.14519 0.05407 2.685 0.00809 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3208 on 147 degrees of freedom Output:Multiple R-squared: 0.04675, Adjusted R-squared: 0.04027 Output:F-statistic: 7.209 on 1 and 147 DF, p-value: 0.008086 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 0.7421 0.74210 7.2093 0.008086 Output:Residuals 147 15.1316 0.10294 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] 0.1072551 Output:[1] 0.2378584 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.002779427 0.002471267 Output:regressor 0.002471267 0.002924076 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) 0.088878 0.097280 0.9136 0.3624 Output:regressor 0.145192 0.351615 0.4129 0.6803 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	GB	0.0258	+- 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:-1.47955 -0.11983 0.04889 0.19701 0.57646 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.04815 0.04549 1.058 0.2916 Output:regressor 0.40214 0.18145 2.216 0.0282 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3233 on 147 degrees of freedom Output:Multiple R-squared: 0.03233, Adjusted R-squared: 0.02575 Output:F-statistic: 4.912 on 1 and 147 DF, p-value: 0.02821 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 0.5133 0.51326 4.9119 0.02821 Output:Residuals 147 15.3605 0.10449 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] 0.1072551 Output:[1] 0.02144431 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.002069581 0.006711895 Output:regressor 0.006711895 0.032924088 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) 0.048151 0.127401 0.3780 0.7060 Output:regressor 0.402145 0.882631 0.4556 0.6493 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: 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:-8.427e-15 2.710e-17 5.470e-17 7.470e-17 7.268e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.023e-17 5.755e-17 1.78e-01 0.859 Output:regressor 1.000e+00 9.523e-17 1.05e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 7.024e-16 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 1.103e+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 54.401 54.401 1.1027e+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] 0.3675739 Output:[1] 0.3675739 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 3.311506e-33 -7.315265e-35 Output:regressor -7.315265e-35 9.068344e-33 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) 1.0232e-17 4.5471e-17 2.2500e-01 0.8223 Output:regressor 1.0000e+00 6.2117e-17 1.6099e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	GB	0.1058	+- 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:-1.14746 -0.44728 -0.03075 0.34773 1.47688 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.29035 0.08068 3.599 0.000436 * Output:regressor 1.38468 0.32181 4.303 3.06e-05 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.5733 on 147 degrees of freedom Output:Multiple R-squared: 0.1119, Adjusted R-squared: 0.1058 Output:F-statistic: 18.51 on 1 and 147 DF, p-value: 3.062e-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 6.085 6.0852 18.514 3.062e-05 Output:Residuals 147 48.316 0.3287 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] 0.3675739 Output:[1] 0.02144431 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.006509779 0.02111198 Output:regressor 0.021111982 0.10356133 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) 0.29035 0.27216 1.0668 0.2878 Output:regressor 1.38468 1.28675 1.0761 0.2836 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	ES	0.0935	+- 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:-1.22347 -0.37608 -0.03702 0.36557 1.30713 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.02783 0.04754 0.585 0.559 Output:regressor 0.58434 0.14488 4.033 8.81e-05 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.5772 on 147 degrees of freedom Output:Multiple R-squared: 0.09963, Adjusted R-squared: 0.09351 Output:F-statistic: 16.27 on 1 and 147 DF, p-value: 8.809e-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 5.420 5.4202 16.267 8.809e-05 * Output:Residuals 147 48.981 0.3332 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] 0.3675739 Output:[1] 0.1072551 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0022602819 0.0007101106 Output:regressor 0.0007101106 0.0209907967 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) 0.027835 0.266016 0.1046 0.9168 Output:regressor 0.584341 0.383180 1.5250 0.1294 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	CH	0.0785	+- 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:-1.42952 -0.33881 0.04139 0.36588 1.46458 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.31384 0.09564 3.282 0.001289 Output:regressor 0.36180 0.09809 3.688 0.000317 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.582 on 147 degrees of freedom Output:Multiple R-squared: 0.08471, Adjusted R-squared: 0.07848 Output:F-statistic: 13.6 on 1 and 147 DF, p-value: 0.000317 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 4.608 4.6081 13.604 0.000317 Output:Residuals 147 49.793 0.3387 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] 0.3675739 Output:[1] 0.2378584 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.009146104 0.008132061 Output:regressor 0.008132061 0.009622090 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) 0.31384 0.32930 0.9530 0.3421 Output:regressor 0.36180 0.31954 1.1323 0.2594 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	DE	0.0290	+- 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:-1.43147 -0.30765 0.01002 0.34844 1.28276 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.04304 0.05120 0.841 0.4019 Output:regressor -0.11388 0.04891 -2.328 0.0213 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.5974 on 147 degrees of freedom Output:Multiple R-squared: 0.03556, Adjusted R-squared: 0.029 Output:F-statistic: 5.421 on 1 and 147 DF, p-value: 0.02126 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 1.935 1.93472 5.4207 0.02126 Output:Residuals 147 52.466 0.35691 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] 0.3675739 Output:[1] 1.007996 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0026210200 -0.0007347165 Output:regressor -0.0007347165 0.0023924443 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) 0.043039 2.547828 0.0169 0.9865 Output:regressor -0.113880 3.211570 -0.0355 0.9718 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	IT	0.0109	+- 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:-1.41234 -0.34658 0.00617 0.36417 1.44174 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.04060 0.05332 0.761 0.448 Output:regressor 0.04771 0.02945 1.620 0.107 Output: Output:Residual standard error: 0.603 on 147 degrees of freedom Output:Multiple R-squared: 0.01754, Adjusted R-squared: 0.01086 Output:F-statistic: 2.625 on 1 and 147 DF, p-value: 0.1073 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 0.954 0.95435 2.6249 0.1073 Output:Residuals 147 53.447 0.36358 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.3675739 Output:[1] 2.832932 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0028433938 0.0005913391 Output:regressor 0.0005913391 0.0008671710 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) 0.040601 0.523894 0.0775 0.9383 Output:regressor 0.047710 0.811820 0.0588 0.9532 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	RO	-0.0001	+- 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:-1.35950 -0.37410 -0.00075 0.36957 1.48601 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.01453 0.05009 0.290 0.772 Output:regressor 0.08478 0.08524 0.995 0.322 Output: Output:Residual standard error: 0.6063 on 147 degrees of freedom Output:Multiple R-squared: 0.006685, Adjusted R-squared: -7.176e-05 Output:F-statistic: 0.9894 on 1 and 147 DF, p-value: 0.3215 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 0.364 0.3637 0.9894 0.3215 Output:Residuals 147 54.037 0.3676 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.3675739 Output:[1] 0.3418623 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0025093479 0.0005539247 Output:regressor 0.0005539247 0.0072654568 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) 0.014531 0.296987 0.0489 0.9610 Output:regressor 0.084784 0.608726 0.1393 0.8894 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:-9.105e-17 -9.160e-18 -6.250e-18 -2.800e-19 9.171e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.455e-16 1.086e-17 1.340e+01 <2e-16 * Output:regressor 1.000e+00 4.332e-17 2.308e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 7.717e-17 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 5.329e+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 3.1738 3.1738 5.3291e+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] 0.02144431 Output:[1] 0.02144431 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.179549e-34 3.825417e-34 Output:regressor 3.825417e-34 1.876495e-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) 1.4553e-16 1.8600e-17 7.8239e+00 9.204e-13 * Output:regressor 1.0000e+00 6.1892e-17 1.6157e+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	0.1505	+- 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:-0.24761 -0.07772 -0.01719 0.04947 0.52766 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.10355 0.02218 -4.669 6.77e-06 * Output:regressor 0.11869 0.02275 5.218 6.06e-07 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.135 on 147 degrees of freedom Output:Multiple R-squared: 0.1563, Adjusted R-squared: 0.1505 Output:F-statistic: 27.22 on 1 and 147 DF, p-value: 6.059e-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 0.49593 0.49593 27.224 6.059e-07 Output:Residuals 147 2.67783 0.01822 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] 0.02144431 Output:[1] 0.2378584 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0004918716 0.0004373370 Output:regressor 0.0004373370 0.0005174698 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) -0.103548 0.059428 -1.7424 0.08353 . Output:regressor 0.118692 0.054978 2.1589 0.03248 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	FR	0.1058	+- 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:-0.19367 -0.09694 -0.03906 0.04458 0.47031 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.20451 0.01135 -18.026 < 2e-16 * Output:regressor 0.08078 0.01877 4.303 3.06e-05 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1385 on 147 degrees of freedom Output:Multiple R-squared: 0.1119, Adjusted R-squared: 0.1058 Output:F-statistic: 18.51 on 1 and 147 DF, p-value: 3.062e-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 0.35501 0.35501 18.514 3.062e-05 Output:Residuals 147 2.81875 0.01918 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] 0.02144431 Output:[1] 0.3675739 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.287153e-04 -2.843378e-06 Output:regressor -2.843378e-06 3.524784e-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) -0.204511 0.049221 -4.1550 5.498e-05 * Output:regressor 0.080782 0.043507 1.8568 0.06535 . Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	ES	0.0258	+- 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:-0.22218 -0.09552 -0.01644 0.05560 0.49885 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.20114 0.01190 -16.896 <2e-16 *** Output:regressor 0.08040 0.03628 2.216 0.0282 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1445 on 147 degrees of freedom Output:Multiple R-squared: 0.03233, Adjusted R-squared: 0.02575 Output:F-statistic: 4.912 on 1 and 147 DF, p-value: 0.02821 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 0.10262 0.102620 4.9119 0.02821 Output:Residuals 147 3.07114 0.020892 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] 0.02144431 Output:[1] 0.1072551 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.417217e-04 4.452456e-05 Output:regressor 4.452456e-05 1.316142e-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) -0.201140 0.054213 -3.7102 0.0002931 Output:regressor 0.080404 0.083005 0.9687 0.3343061 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	RO	0.0146	+- 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:-0.22981 -0.09260 -0.02362 0.06206 0.49264 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.20108 0.01201 -16.742 <2e-16 * Output:regressor 0.03651 0.02044 1.786 0.0761 . Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1454 on 147 degrees of freedom Output:Multiple R-squared: 0.02124, Adjusted R-squared: 0.01459 Output:F-statistic: 3.191 on 1 and 147 DF, p-value: 0.07612 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 0.06743 0.067426 3.1908 0.07612 . Output:Residuals 147 3.10633 0.021132 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] 0.02144431 Output:[1] 0.3418623 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.442499e-04 3.184238e-05 Output:regressor 3.184238e-05 4.176550e-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) -0.201077 0.058254 -3.4517 0.0007276 Output:regressor 0.036505 0.045186 0.8079 0.4204586 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	DE	0.0101	+- 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:-0.23188 -0.10772 -0.01192 0.05987 0.48631 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.20966 0.01249 -16.793 <2e-16 * Output:regressor 0.01890 0.01193 1.584 0.115 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1457 on 147 degrees of freedom Output:Multiple R-squared: 0.01679, Adjusted R-squared: 0.0101 Output:F-statistic: 2.51 on 1 and 147 DF, p-value: 0.1153 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 0.05328 0.053277 2.5098 0.1153 Output:Residuals 147 3.12048 0.021228 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.02144431 Output:[1] 1.007996 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.558879e-04 -4.369801e-05 Output:regressor -4.369801e-05 1.422931e-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) -0.209663 0.040917 -5.1242 9.253e-07 * Output:regressor 0.018898 0.042198 0.4478 0.6549 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	IT	-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:-0.23240 -0.09575 -0.02394 0.05616 0.49171 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.201357 0.012983 -15.510 <2e-16 * Output:regressor 0.003669 0.007170 0.512 0.61 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: 0.001779, Adjusted R-squared: -0.005012 Output:F-statistic: 0.2619 on 1 and 147 DF, p-value: 0.6096 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 0.0056 0.0056453 0.2619 0.6096 Output:Residuals 147 3.1681 0.0215518 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.02144431 Output:[1] 2.832932 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.685457e-04 3.505236e-05 Output:regressor 3.505236e-05 5.140264e-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) -0.2013575 0.0671321 -2.9994 0.003178 Output:regressor 0.0036694 0.0221577 0.1656 0.868696 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:-7.080e-15 2.140e-17 4.650e-17 7.070e-17 5.695e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -1.455e-16 5.271e-17 -2.761e+00 0.0065 Output:regressor 1.000e+00 2.911e-17 3.435e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 5.961e-16 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 1.18e+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 1 419.27 419.27 1.1801e+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] 2.832932 Output:[1] 2.832932 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.778583e-33 5.778604e-34 Output:regressor 5.778604e-34 8.474052e-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) -1.4553e-16 5.5006e-17 -2.6456e+00 0.009041 Output:regressor 1.0000e+00 1.7929e-17 5.5776e+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	0.5783	+- 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:-3.2053 -0.2826 0.1932 0.6181 2.0807 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.51461 0.09031 -5.698 6.39e-08 * Output:regressor 2.19449 0.15366 14.281 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.093 on 147 degrees of freedom Output:Multiple R-squared: 0.5811, Adjusted R-squared: 0.5783 Output:F-statistic: 204 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 1 243.66 243.657 203.95 < 2.2e-16 Output:Residuals 147 175.62 1.195 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] 2.832932 Output:[1] 0.3418623 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.008155181 0.001800211 Output:regressor 0.001800211 0.023612158 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) -0.51461 1.11863 -0.4600 0.6462 Output:regressor 2.19449 3.63495 0.6037 0.5470 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	DE	0.5445	+- 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:-2.9558 -0.5907 0.1130 0.7998 2.3058 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -1.06290 0.09734 -10.92 <2e-16 * Output:regressor 1.24058 0.09300 13.34 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.136 on 147 degrees of freedom Output:Multiple R-squared: 0.5476, Adjusted R-squared: 0.5445 Output:F-statistic: 177.9 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 1 229.60 229.60 177.94 < 2.2e-16 Output:Residuals 147 189.68 1.29 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] 2.832932 Output:[1] 1.007996 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.009475474 -0.002656136 Output:regressor -0.002656136 0.008649130 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) -1.06290 0.89066 -1.1934 0.2346 Output:regressor 1.24058 1.11579 1.1118 0.2680 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	ES	0.1392	+- 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:-4.4244 -0.6376 0.4042 1.1330 2.2001 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.6157 0.1286 -4.787 4.08e-06 * Output:regressor 1.9569 0.3920 4.993 1.66e-06 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.562 on 147 degrees of freedom Output:Multiple R-squared: 0.145, Adjusted R-squared: 0.1392 Output:F-statistic: 24.93 on 1 and 147 DF, p-value: 1.664e-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 60.79 60.790 24.927 1.664e-06 Output:Residuals 147 358.48 2.439 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] 2.832932 Output:[1] 0.1072551 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.016542727 0.005197213 Output:regressor 0.005197213 0.153629082 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) -0.61572 0.73654 -0.8360 0.4045 Output:regressor 1.95693 26.84368 0.0729 0.9420 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	FR	0.0109	+- 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:-5.1765 -0.5105 0.4510 1.0916 1.9437 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.6849 0.1371 -4.994 1.66e-06 * Output:regressor 0.3677 0.2270 1.620 0.107 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.674 on 147 degrees of freedom Output:Multiple R-squared: 0.01754, Adjusted R-squared: 0.01086 Output:F-statistic: 2.625 on 1 and 147 DF, p-value: 0.1073 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 7.36 7.3553 2.6249 0.1073 Output:Residuals 147 411.92 2.8022 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.832932 Output:[1] 0.3675739 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.018809849 -0.000415518 Output:regressor -0.000415518 0.051509551 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) -0.68488 0.54028 -1.2676 0.2069 Output:regressor 0.36770 4.80578 0.0765 0.9391 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	CH	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:-5.7656 -0.2890 0.5484 1.1066 1.7659 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.9936 0.2759 -3.601 0.000433 * Output:regressor -0.3688 0.2830 -1.303 0.194541 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.679 on 147 degrees of freedom Output:Multiple R-squared: 0.01142, Adjusted R-squared: 0.004696 Output:F-statistic: 1.698 on 1 and 147 DF, p-value: 0.1945 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 4.79 4.7887 1.6984 0.1945 Output:Residuals 147 414.49 2.8196 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.832932 Output:[1] 0.2378584 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.07613393 0.06769284 Output:regressor 0.06769284 0.08009613 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) -0.99363 1.10776 -0.8970 0.3712 Output:regressor -0.36882 1.19859 -0.3077 0.7587 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	GB	-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:-5.5630 -0.4050 0.5395 1.0115 1.8331 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.5831 0.2375 -2.455 0.0152 * Output:regressor 0.4848 0.9471 0.512 0.6096 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.687 on 147 degrees of freedom Output:Multiple R-squared: 0.001779, Adjusted R-squared: -0.005012 Output:F-statistic: 0.2619 on 1 and 147 DF, p-value: 0.6096 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 0.75 0.74578 0.2619 0.6096 Output:Residuals 147 418.53 2.84713 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.832932 Output:[1] 0.02144431 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.05639001 0.1828795 Output:regressor 0.18287945 0.8970848 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) -0.58310 0.43556 -1.3387 0.1827 Output:regressor 0.48475 3.05516 0.1587 0.8741 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:-1.330e-15 -4.400e-18 7.890e-18 2.045e-17 1.123e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -1.819e-17 9.564e-18 -1.902e+00 0.0591 . Output:regressor 1.000e+00 1.627e-17 6.145e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.158e-16 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 3.776e+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 50.596 50.596 3.776e+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] 0.3418623 Output:[1] 0.3418623 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 9.146615e-35 2.019065e-35 Output:regressor 2.019065e-35 2.648271e-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 9.1607e-18 -1.9857e+00 0.04892 * Output:regressor 1.0000e+00 8.8239e-18 1.1333e+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] "-------------------------------------------------------------------------------------------"
RO	DE	0.7089	+- 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:-0.70257 -0.25981 -0.00847 0.19390 0.86272 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.22703 0.02703 -8.398 3.51e-14 * Output:regressor 0.49102 0.02583 19.012 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3155 on 147 degrees of freedom Output:Multiple R-squared: 0.7109, Adjusted R-squared: 0.7089 Output:F-statistic: 361.4 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 35.968 35.968 361.45 < 2.2e-16 Output:Residuals 147 14.628 0.100 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] 0.3418623 Output:[1] 1.007996 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0007307610 -0.0002048447 Output:regressor -0.0002048447 0.0006670323 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) -0.227031 0.127755 -1.7771 0.07762 . Output:regressor 0.491016 0.089719 5.4728 1.864e-07 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	IT	0.5783	+- 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:-1.12566 -0.24652 0.03783 0.26640 0.91325 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.10434 0.03358 3.108 0.00227 Output:regressor 0.26482 0.01854 14.281 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3797 on 147 degrees of freedom Output:Multiple R-squared: 0.5811, Adjusted R-squared: 0.5783 Output:F-statistic: 204 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 29.403 29.4032 203.95 < 2.2e-16 Output:Residuals 147 21.192 0.1442 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] 0.3418623 Output:[1] 2.832932 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0011274518 0.0002344755 Output:regressor 0.0002344755 0.0003438474 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) 0.10434 0.15479 0.6741 0.5013 Output:regressor 0.26482 0.40842 0.6484 0.5177 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	ES	0.0453	+- 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:-1.5884 -0.4597 0.1249 0.4209 1.1330 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.06251 0.04705 -1.328 0.18611 Output:regressor 0.40602 0.14339 2.832 0.00528 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.5713 on 147 degrees of freedom Output:Multiple R-squared: 0.05172, Adjusted R-squared: 0.04527 Output:F-statistic: 8.017 on 1 and 147 DF, p-value: 0.005283 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 2.617 2.61678 8.0174 0.005283 Output:Residuals 147 47.979 0.32639 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] 0.3418623 Output:[1] 0.1072551 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0022140462 0.0006955848 Output:regressor 0.0006955848 0.0205614155 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) -0.062505 0.310665 -0.2012 0.8408 Output:regressor 0.406016 0.499084 0.8135 0.4172 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	GB	0.0146	+- 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:-1.32292 -0.43844 0.09822 0.41282 1.22684 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.04240 0.08168 0.519 0.6045 Output:regressor 0.58196 0.32580 1.786 0.0761 . Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.5804 on 147 degrees of freedom Output:Multiple R-squared: 0.02124, Adjusted R-squared: 0.01459 Output:F-statistic: 3.191 on 1 and 147 DF, p-value: 0.07612 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 1.075 1.07489 3.1908 0.07612 . Output:Residuals 147 49.521 0.33688 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] 0.3418623 Output:[1] 0.02144431 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.00667213 0.0216385 Output:regressor 0.02163850 0.1061441 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) 0.042398 0.469604 0.0903 0.9282 Output:regressor 0.581964 2.250682 0.2586 0.7963 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	CH	0.0076	+- 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:-1.3835 -0.3967 0.1332 0.4224 1.2428 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.19724 0.09571 -2.061 0.0411 * Output:regressor -0.14317 0.09817 -1.458 0.1469 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.5825 on 147 degrees of freedom Output:Multiple R-squared: 0.01426, Adjusted R-squared: 0.007556 Output:F-statistic: 2.127 on 1 and 147 DF, p-value: 0.1469 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 0.722 0.72156 2.1267 0.1469 Output:Residuals 147 49.874 0.33928 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.3418623 Output:[1] 0.2378584 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.009161022 0.008145325 Output:regressor 0.008145325 0.009637785 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) -0.19724 0.39293 -0.5020 0.6164 Output:regressor -0.14317 0.32965 -0.4343 0.6647 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	FR	-0.0001	+- 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:-1.3691 -0.4719 0.1134 0.4147 1.2172 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.07688 0.04791 -1.605 0.111 Output:regressor 0.07885 0.07928 0.995 0.322 Output: Output:Residual standard error: 0.5847 on 147 degrees of freedom Output:Multiple R-squared: 0.006685, Adjusted R-squared: -7.176e-05 Output:F-statistic: 0.9894 on 1 and 147 DF, p-value: 0.3215 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 0.338 0.33826 0.9894 0.3215 Output:Residuals 147 50.257 0.34189 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.3418623 Output:[1] 0.3675739 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.294952e-03 -5.069651e-05 Output:regressor -5.069651e-05 6.284576e-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) -0.076877 1.553912 -0.0495 0.9606 Output:regressor 0.078853 1.091552 0.0722 0.9425 Output: Output:[1] "-------------------------------------------------------------------------------------------"