KSFX - Differences in European Media Reporting on Russia

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Sentiment Data per Topic: Russia

Media Coverage

Column=Regressor Row=Regressand		CH		DE		ES		FR		GB		IT		RO
CH		1.0000		0.7653		0.8429		0.4358		0.8264		0.8018		0.7860
DE		0.7653		1.0000		0.8475		0.5519		0.7276		0.7382		0.9364
ES		0.8429		0.8475		1.0000		0.4437		0.8053		0.8277		0.8656
FR		0.4358		0.5519		0.4437		1.0000		0.3443		0.4968		0.5197
GB		0.8264		0.7276		0.8053		0.3443		1.0000		0.7781		0.7413
IT		0.8018		0.7382		0.8277		0.4968		0.7781		1.0000		0.7420
RO		0.7860		0.9364		0.8656		0.5197		0.7413		0.7420		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:-4.039e-17 1.260e-19 3.000e-19 4.240e-19 5.537e-18 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -4.548e-18 3.846e-19 -1.182e+01 <2e-16 * Output:regressor 1.000e+00 1.461e-17 6.846e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 3.421e-18 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 4.687e+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 Error:Warning message: Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.054865 0.054865 4.6867e+33 < 2.2e-16 Output:Residuals 147 0.000000 0.000000 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Error: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] 0.0003707124 Output:[1] 0.0003707124 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.479097e-37 -3.846483e-36 Output:regressor -3.846483e-36 2.133701e-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) -4.5477e-18 3.8606e-19 -1.1780e+01 < 2.2e-16 * Output:regressor 1.0000e+00 1.0013e-17 9.9874e+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	ES	0.8429	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.038388 -0.003659 -0.000807 0.003156 0.052413 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0107623 0.0006763 15.91 <2e-16 * Output:regressor 2.0430070 0.0724636 28.19 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.007632 on 147 degrees of freedom Output:Multiple R-squared: 0.8439, Adjusted R-squared: 0.8429 Output:F-statistic: 794.9 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 0.046303 0.046303 794.88 < 2.2e-16 Output:Residuals 147 0.008563 0.000058 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0003707124 Output:[1] 7.495543e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 4.573484e-07 -1.867267e-05 Output:regressor -1.867267e-05 5.250977e-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) 0.0107623 0.0010819 9.9472 < 2.2e-16 * Output:regressor 2.0430070 0.1235793 16.5320 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	GB	0.8264	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.017971 -0.004996 -0.000280 0.003981 0.038288 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.0007509 0.0009654 -0.778 0.438 Output:regressor 0.7645080 0.0287863 26.558 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.008023 on 147 degrees of freedom Output:Multiple R-squared: 0.8275, Adjusted R-squared: 0.8264 Output:F-statistic: 705.3 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 0.045403 0.045403 705.33 < 2.2e-16 * Output:Residuals 147 0.009463 0.000064 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0003707124 Output:[1] 0.000524877 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 9.319614e-07 -2.035378e-05 Output:regressor -2.035378e-05 8.286528e-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) -0.00075094 0.00156753 -0.4791 0.6326 Output:regressor 0.76450797 0.06561427 11.6515 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	IT	0.8018	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.019668 -0.004063 -0.000251 0.004054 0.054530 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0047371 0.0008874 5.338 3.49e-07 * Output:regressor 1.2084254 0.0493418 24.491 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.008571 on 147 degrees of freedom Output:Multiple R-squared: 0.8032, Adjusted R-squared: 0.8018 Output:F-statistic: 599.8 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 0.044066 0.044066 599.8 < 2.2e-16 Output:Residuals 147 0.010800 0.000073 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0003707124 Output:[1] 0.000203892 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 7.875474e-07 -2.677585e-05 Output:regressor -2.677585e-05 2.434617e-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) 0.0047371 0.0010686 4.4328 1.808e-05 * Output:regressor 1.2084254 0.1103692 10.9489 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	RO	0.7860	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.028389 -0.004965 -0.000261 0.003259 0.070380 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.0006442 0.0010827 -0.595 0.553 Output:regressor 0.4454009 0.0190837 23.339 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.008906 on 147 degrees of freedom Output:Multiple R-squared: 0.7875, Adjusted R-squared: 0.786 Output:F-statistic: 544.7 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 0.043206 0.043206 544.72 < 2.2e-16 * Output:Residuals 147 0.011660 0.000079 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0003707124 Output:[1] 0.001471562 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.172332e-06 -0.0000152670 Output:regressor -1.526700e-05 0.0003641875 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.00064424 0.00128734 -0.5004 0.6175 Output:regressor 0.44540093 0.02586325 17.2214 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	DE	0.7653	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.026270 -0.003799 0.000039 0.002418 0.075180 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0057042 0.0009475 6.02 1.33e-08 * Output:regressor 0.6030842 0.0274220 21.99 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.009327 on 147 degrees of freedom Output:Multiple R-squared: 0.7669, Adjusted R-squared: 0.7653 Output:F-statistic: 483.7 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 0.042077 0.042077 483.68 < 2.2e-16 Output:Residuals 147 0.012788 0.000087 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0003707124 Output:[1] 0.0007816826 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 8.978180e-07 -1.536525e-05 Output:regressor -1.536525e-05 7.519646e-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) 0.0057042 0.0011738 4.8597 2.983e-06 * Output:regressor 0.6030842 0.0489930 12.3096 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	FR	0.4358	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.037646 -0.006480 -0.001399 0.003224 0.093987 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.002286 0.001885 1.213 0.227 Output:regressor 1.125654 0.104830 10.738 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.01446 on 147 degrees of freedom Output:Multiple R-squared: 0.4396, Adjusted R-squared: 0.4358 Output:F-statistic: 115.3 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 0.024118 0.0241175 115.3 < 2.2e-16 * Output:Residuals 147 0.030748 0.0002092 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0003707124 Output:[1] 0.0001286061 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 3.552909e-06 -0.000153679 Output:regressor -1.536790e-04 0.010989426 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0022859 0.0041053 0.5568 0.578506 Output:regressor 1.1256536 0.3658957 3.0764 0.002499 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:-1.090e-16 3.100e-20 6.700e-19 1.037e-18 1.390e-17 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -4.548e-18 9.521e-19 -4.776e+00 4.28e-06 * Output:regressor 1.000e+00 2.755e-17 3.629e+16 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 9.372e-18 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 1.317e+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 0.11569 0.11569 1.3171e+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] 0.0007816826 Output:[1] 0.0007816826 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 9.064933e-37 -1.551372e-35 Output:regressor -1.551372e-35 7.592306e-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) -4.5477e-18 1.1437e-18 -3.9764e+00 0.0001094 * Output:regressor 1.0000e+00 2.8967e-17 3.4522e+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	0.9364	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0175924 -0.0046363 0.0000628 0.0034605 0.0272887 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.0091387 0.0008572 -10.66 <2e-16 * Output:regressor 0.7054320 0.0151091 46.69 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.007051 on 147 degrees of freedom Output:Multiple R-squared: 0.9368, Adjusted R-squared: 0.9364 Output:F-statistic: 2180 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 0.108380 0.10838 2179.9 < 2.2e-16 Output:Residuals 147 0.007309 0.00005 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0007816826 Output:[1] 0.001471562 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 7.348576e-07 -9.569880e-06 Output:regressor -9.569880e-06 2.282852e-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) -0.0091387 0.0012231 -7.4716 6.526e-12 * Output:regressor 0.7054320 0.0154313 45.7144 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	ES	0.8475	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.032956 -0.007441 -0.002301 0.005033 0.057029 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0098551 0.0009674 10.19 <2e-16 * Output:regressor 2.9747729 0.1036529 28.70 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.01092 on 147 degrees of freedom Output:Multiple R-squared: 0.8486, Adjusted R-squared: 0.8475 Output:F-statistic: 823.7 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 0.098169 0.098169 823.65 < 2.2e-16 Output:Residuals 147 0.017520 0.000119 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0007816826 Output:[1] 7.495543e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 9.357726e-07 -3.820582e-05 Output:regressor -3.820582e-05 1.074393e-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) 0.0098551 0.0018602 5.2979 4.198e-07 * Output:regressor 2.9747729 0.0604816 49.1848 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	CH	0.7653	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.095233 -0.005112 -0.001625 0.003921 0.059881 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.002491 0.001522 -1.636 0.104 Output:regressor 1.271661 0.057822 21.993 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.01354 on 147 degrees of freedom Output:Multiple R-squared: 0.7669, Adjusted R-squared: 0.7653 Output:F-statistic: 483.7 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 0.088724 0.088724 483.68 < 2.2e-16 * Output:Residuals 147 0.026965 0.000183 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0007816826 Output:[1] 0.0003707124 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.317647e-06 -6.027183e-05 Output:regressor -6.027183e-05 3.343367e-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) -0.0024911 0.0031702 -0.7858 0.4333 Output:regressor 1.2716606 0.2380853 5.3412 3.439e-07 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	IT	0.7382	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.031830 -0.007997 -0.000500 0.007088 0.054555 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.001909 0.001481 1.289 0.199 Output:regressor 1.684352 0.082345 20.455 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.0143 on 147 degrees of freedom Output:Multiple R-squared: 0.74, Adjusted R-squared: 0.7382 Output:F-statistic: 418.4 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 0.085611 0.085611 418.4 < 2.2e-16 * Output:Residuals 147 0.030078 0.000205 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0007816826 Output:[1] 0.000203892 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.193423e-06 -7.457427e-05 Output:regressor -7.457427e-05 6.780728e-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) 0.0019090 0.0027943 0.6832 0.4956 Output:regressor 1.6843518 0.1990981 8.4599 2.467e-14 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	GB	0.7276	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.050012 -0.006922 0.001170 0.004409 0.071364 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.005167 0.001756 -2.943 0.00378 Output:regressor 1.042257 0.052357 19.907 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.01459 on 147 degrees of freedom Output:Multiple R-squared: 0.7294, Adjusted R-squared: 0.7276 Output:F-statistic: 396.3 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 0.084386 0.084386 396.27 < 2.2e-16 Output:Residuals 147 0.031303 0.000213 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0007816826 Output:[1] 0.000524877 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 3.083043e-06 -6.733282e-05 Output:regressor -6.733282e-05 2.741286e-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) -0.005167 0.004714 -1.0961 0.2748 Output:regressor 1.042257 0.231647 4.4993 1.376e-05 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	FR	0.5519	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.030025 -0.009566 -0.001560 0.006438 0.115999 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.005250 0.002439 -2.152 0.033 * Output:regressor 1.836599 0.135652 13.539 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.01871 on 147 degrees of freedom Output:Multiple R-squared: 0.555, Adjusted R-squared: 0.5519 Output:F-statistic: 183.3 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 0.064203 0.064203 183.31 < 2.2e-16 * Output:Residuals 147 0.051487 0.000350 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0007816826 Output:[1] 0.0001286061 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 5.949248e-06 -0.0002573312 Output:regressor -2.573312e-04 0.0184014871 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.0052500 0.0046433 -1.1307 0.2600381 Output:regressor 1.8365991 0.5245534 3.5013 0.0006134 * 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:-3.796e-19 -2.770e-21 5.264e-20 5.394e-20 6.723e-19 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 5.685e-19 1.233e-20 4.610e+01 <2e-16 * Output:regressor 1.000e+00 1.321e-18 7.568e+17 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.392e-19 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 5.728e+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 0.011093 0.011093 5.7281e+35 < 2.2e-16 Output:Residuals 147 0.000000 0.000000 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Error:Warning message: Error:In anova.lm(ols) : Error: ANOVA F-tests on an essentially perfect fit are unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 7.495543e-05 Output:[1] 7.495543e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.520538e-40 -6.208066e-39 Output:regressor -6.208066e-39 1.745782e-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) 5.6846e-19 1.2729e-20 4.4659e+01 < 2.2e-16 * Output:regressor 1.0000e+00 7.2463e-19 1.3800e+18 < 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	RO	0.8656	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0121243 -0.0014776 0.0003752 0.0018589 0.0168775 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.0052512 0.0003858 -13.61 <2e-16 * Output:regressor 0.2100916 0.0068001 30.89 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.003173 on 147 degrees of freedom Output:Multiple R-squared: 0.8665, Adjusted R-squared: 0.8656 Output:F-statistic: 954.5 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0096130 0.0096130 954.53 < 2.2e-16 Output:Residuals 147 0.0014804 0.0000101 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 7.495543e-05 Output:[1] 0.001471562 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.488521e-07 -1.938466e-06 Output:regressor -1.938466e-06 4.624125e-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) -0.00525115 0.00096232 -5.4568 2.009e-07 * Output:regressor 0.21009161 0.02517205 8.3462 4.744e-14 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	DE	0.8475	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0158246 -0.0016835 0.0005659 0.0019082 0.0120804 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.0022726 0.0003434 -6.617 6.39e-10 * Output:regressor 0.2852505 0.0099393 28.699 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.003381 on 147 degrees of freedom Output:Multiple R-squared: 0.8486, Adjusted R-squared: 0.8475 Output:F-statistic: 823.7 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 0.0094134 0.0094134 823.65 < 2.2e-16 Output:Residuals 147 0.0016800 0.0000114 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 7.495543e-05 Output:[1] 0.0007816826 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.179504e-07 -2.018602e-06 Output:regressor -2.018602e-06 9.878901e-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) -0.00227262 0.00072339 -3.1416 0.002032 Output:regressor 0.28525054 0.04074812 7.0003 8.442e-11 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	CH	0.8429	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0198387 -0.0013555 0.0002045 0.0014092 0.0235850 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.0038907 0.0003858 -10.09 <2e-16 * Output:regressor 0.4130816 0.0146516 28.19 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.003432 on 147 degrees of freedom Output:Multiple R-squared: 0.8439, Adjusted R-squared: 0.8429 Output:F-statistic: 794.9 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 0.0093620 0.0093620 794.88 < 2.2e-16 Output:Residuals 147 0.0017314 0.0000118 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 7.495543e-05 Output:[1] 0.0003707124 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.488111e-07 -3.869924e-06 Output:regressor -3.869924e-06 2.146703e-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) -0.0038907 0.0009908 -3.9268 0.0001319 * Output:regressor 0.4130816 0.0746394 5.5344 1.396e-07 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	IT	0.8277	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0085470 -0.0014753 0.0002841 0.0017421 0.0216083 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.002515 0.000372 -6.76 3.02e-10 * Output:regressor 0.552016 0.020686 26.69 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.003593 on 147 degrees of freedom Output:Multiple R-squared: 0.8289, Adjusted R-squared: 0.8277 Output:F-statistic: 712.1 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 0.0091953 0.0091953 712.13 < 2.2e-16 Output:Residuals 147 0.0018981 0.0000129 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 7.495543e-05 Output:[1] 0.000203892 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.384166e-07 -4.706032e-06 Output:regressor -4.706032e-06 4.278999e-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) -0.00251502 0.00080372 -3.1292 0.002114 Output:regressor 0.55201630 0.08618037 6.4054 1.908e-09 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	GB	0.8053	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0083032 -0.0028793 -0.0006642 0.0031941 0.0137414 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.0047805 0.0004596 -10.40 <2e-16 * Output:regressor 0.3394015 0.0137054 24.76 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.00382 on 147 degrees of freedom Output:Multiple R-squared: 0.8066, Adjusted R-squared: 0.8053 Output:F-statistic: 613.3 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 0.0089484 0.0089484 613.26 < 2.2e-16 Output:Residuals 147 0.0021450 0.0000146 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 7.495543e-05 Output:[1] 0.000524877 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.112571e-07 -4.613797e-06 Output:regressor -4.613797e-06 1.878391e-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) -0.0047805 0.0016883 -2.8316 0.005282 Output:regressor 0.3394015 0.0831923 4.0797 7.366e-05 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	FR	0.4437	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.023701 -0.001906 -0.000147 0.001536 0.041138 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.0035856 0.0008416 -4.261 3.62e-05 * Output:regressor 0.5106945 0.0468040 10.911 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.006457 on 147 degrees of freedom Output:Multiple R-squared: 0.4475, Adjusted R-squared: 0.4437 Output:F-statistic: 119.1 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 0.0049642 0.0049642 119.06 < 2.2e-16 Output:Residuals 147 0.0061292 0.0000417 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 7.495543e-05 Output:[1] 0.0001286061 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 7.082321e-07 -3.063416e-05 Output:regressor -3.063416e-05 2.190617e-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) -0.0035856 0.0099400 -0.3607 0.7188 Output:regressor 0.5106945 2.2444758 0.2275 0.8203 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:-2.485e-18 -3.387e-19 -1.780e-19 -3.770e-20 2.577e-17 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.274e-18 2.884e-19 7.885e+00 6.53e-13 * Output:regressor 1.000e+00 1.604e-17 6.235e+16 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 2.213e-18 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 3.888e+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 0.019034 0.019034 3.8878e+33 < 2.2e-16 Output:Residuals 147 0.000000 0.000000 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Error:Warning message: Error:In anova.lm(ols) : Error: ANOVA F-tests on an essentially perfect fit are unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0001286061 Output:[1] 0.0001286061 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 8.315787e-38 -3.596945e-36 Output:regressor -3.596945e-36 2.572138e-34 Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.2738e-18 4.3023e-19 5.2852e+00 4.451e-07 * Output:regressor 1.0000e+00 2.2787e-17 4.3884e+16 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Error:Warning message: Error:In summary.lm(x) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------"
FR	DE	0.5519	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.041275 -0.004403 -0.000488 0.003479 0.032277 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0078100 0.0007712 10.13 <2e-16 * Output:regressor 0.3021659 0.0223181 13.54 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.007591 on 147 degrees of freedom Output:Multiple R-squared: 0.555, Adjusted R-squared: 0.5519 Output:F-statistic: 183.3 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 0.0105629 0.0105629 183.31 < 2.2e-16 Output:Residuals 147 0.0084708 0.0000576 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0001286061 Output:[1] 0.0007816826 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 5.947111e-07 -1.017788e-05 Output:regressor -1.017788e-05 4.980984e-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) 0.007810 0.001281 6.0970 9.075e-09 * Output:regressor 0.302166 0.091380 3.3067 0.001187 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	RO	0.5197	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.046687 -0.004282 -0.000788 0.002868 0.036824 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0050221 0.0009555 5.256 5.08e-07 * Output:regressor 0.2137894 0.0168403 12.695 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.007859 on 147 degrees of freedom Output:Multiple R-squared: 0.523, Adjusted R-squared: 0.5197 Output:F-statistic: 161.2 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0099543 0.0099543 161.17 < 2.2e-16 Output:Residuals 147 0.0090794 0.0000618 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0001286061 Output:[1] 0.001471562 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 9.128987e-07 -1.188847e-05 Output:regressor -1.188847e-05 2.835941e-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) 0.0050221 0.0026310 1.9088 0.05823 . Output:regressor 0.2137894 0.0842862 2.5365 0.01224 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	IT	0.4968	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.051512 -0.003540 -0.000864 0.002284 0.041079 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0078068 0.0008329 9.373 <2e-16 * Output:regressor 0.5616871 0.0463104 12.129 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.008045 on 147 degrees of freedom Output:Multiple R-squared: 0.5002, Adjusted R-squared: 0.4968 Output:F-statistic: 147.1 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 0.0095203 0.0095203 147.11 < 2.2e-16 Output:Residuals 147 0.0095134 0.0000647 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0001286061 Output:[1] 0.000203892 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 6.937495e-07 -2.358681e-05 Output:regressor -2.358681e-05 2.144651e-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) 0.0078068 0.0018424 4.2373 3.975e-05 * Output:regressor 0.5616871 0.1716794 3.2717 0.001332 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	ES	0.4437	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.043773 -0.004711 -0.001504 0.002908 0.049575 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0108683 0.0007495 14.50 <2e-16 * Output:regressor 0.8762330 0.0803048 10.91 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.008458 on 147 degrees of freedom Output:Multiple R-squared: 0.4475, Adjusted R-squared: 0.4437 Output:F-statistic: 119.1 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 0.0085173 0.0085173 119.06 < 2.2e-16 Output:Residuals 147 0.0105164 0.0000715 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0001286061 Output:[1] 7.495543e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 5.616819e-07 -0.0000229324 Output:regressor -2.293240e-05 0.0064488662 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0108683 0.0020301 5.3536 3.247e-07 * Output:regressor 0.8762330 0.7473828 1.1724 0.2429 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	CH	0.4358	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.044540 -0.004638 -0.001169 0.002895 0.043921 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0069445 0.0009575 7.253 2.16e-11 * Output:regressor 0.3905073 0.0363674 10.738 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.008518 on 147 degrees of freedom Output:Multiple R-squared: 0.4396, Adjusted R-squared: 0.4358 Output:F-statistic: 115.3 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 0.0083668 0.0083668 115.3 < 2.2e-16 Output:Residuals 147 0.0106669 0.0000726 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0001286061 Output:[1] 0.0003707124 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 9.168263e-07 -2.384263e-05 Output:regressor -2.384263e-05 1.322586e-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) 0.0069445 0.0018255 3.8041 0.0002082 * Output:regressor 0.3905073 0.0902294 4.3279 2.768e-05 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	GB	0.3443	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.037258 -0.005639 -0.001189 0.003041 0.053718 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.006805 0.001105 6.158 6.68e-09 * Output:regressor 0.292303 0.032948 8.872 2.26e-15 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.009183 on 147 degrees of freedom Output:Multiple R-squared: 0.3487, Adjusted R-squared: 0.3443 Output:F-statistic: 78.71 on 1 and 147 DF, p-value: 2.257e-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 0.0066372 0.0066372 78.705 2.257e-15 Output:Residuals 147 0.0123965 0.0000843 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0001286061 Output:[1] 0.000524877 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.220922e-06 -2.666461e-05 Output:regressor -2.666461e-05 1.085582e-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) 0.0068046 0.0026542 2.5637 0.01136 * Output:regressor 0.2923026 0.0403506 7.2441 2.267e-11 * 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:-7.184e-17 1.710e-19 4.400e-19 7.350e-19 9.294e-18 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -9.095e-18 7.392e-19 -1.230e+01 <2e-16 * Output:regressor 1.000e+00 2.204e-17 4.537e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 6.144e-18 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 2.058e+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 0.077682 0.077682 2.0581e+33 < 2.2e-16 Output:Residuals 147 0.000000 0.000000 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Error:Warning message: Error:In anova.lm(ols) : Error: ANOVA F-tests on an essentially perfect fit are unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.000524877 Output:[1] 0.000524877 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 5.464587e-37 -1.193451e-35 Output:regressor -1.193451e-35 4.858834e-34 Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -9.0953e-18 9.0070e-19 -1.0098e+01 < 2.2e-16 * Output:regressor 1.0000e+00 1.9496e-17 5.1293e+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	0.8264	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.032906 -0.005910 -0.000642 0.005916 0.037666 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.005049 0.001073 4.705 5.8e-06 * Output:regressor 1.082436 0.040757 26.558 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.009547 on 147 degrees of freedom Output:Multiple R-squared: 0.8275, Adjusted R-squared: 0.8264 Output:F-statistic: 705.3 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 0.064284 0.064284 705.33 < 2.2e-16 Output:Residuals 147 0.013398 0.000091 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.000524877 Output:[1] 0.0003707124 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.151534e-06 -2.994634e-05 Output:regressor -2.994634e-05 1.661167e-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) 0.0050491 0.0021307 2.3697 0.0191 * Output:regressor 1.0824364 0.0837718 12.9213 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	ES	0.8053	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.024283 -0.010149 0.001247 0.007521 0.026843 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0161110 0.0008957 17.99 <2e-16 * Output:regressor 2.3766660 0.0959726 24.76 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.01011 on 147 degrees of freedom Output:Multiple R-squared: 0.8066, Adjusted R-squared: 0.8053 Output:F-statistic: 613.3 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 0.062662 0.062662 613.26 < 2.2e-16 Output:Residuals 147 0.015020 0.000102 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.000524877 Output:[1] 7.495543e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 8.022354e-07 -3.275375e-05 Output:regressor -3.275375e-05 9.210746e-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) 0.0161110 0.0021364 7.5411 4.447e-12 * Output:regressor 2.3766660 0.0672295 35.3515 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	IT	0.7781	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.034471 -0.006521 0.000915 0.007034 0.033996 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.008982 0.001117 8.038 2.75e-13 * Output:regressor 1.416632 0.062130 22.801 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.01079 on 147 degrees of freedom Output:Multiple R-squared: 0.7796, Adjusted R-squared: 0.7781 Output:F-statistic: 519.9 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 0.060559 0.060559 519.89 < 2.2e-16 Output:Residuals 147 0.017123 0.000116 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.000524877 Output:[1] 0.000203892 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.248679e-06 -4.245388e-05 Output:regressor -4.245388e-05 3.860155e-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) 0.0089824 0.0024678 3.6398 0.0003772 * Output:regressor 1.4166323 0.1168099 12.1277 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	RO	0.7413	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.042282 -0.006206 -0.001595 0.005320 0.042853 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.002981 0.001417 2.104 0.0371 * Output:regressor 0.514820 0.024968 20.619 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.01165 on 147 degrees of freedom Output:Multiple R-squared: 0.7431, Adjusted R-squared: 0.7413 Output:F-statistic: 425.2 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.057723 0.057723 425.15 < 2.2e-16 * Output:Residuals 147 0.019958 0.000136 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.000524877 Output:[1] 0.001471562 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.006751e-06 -2.613346e-05 Output:regressor -2.613346e-05 6.234019e-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) 0.0029809 0.0025298 1.1783 0.2406 Output:regressor 0.5148203 0.0485193 10.6106 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	DE	0.7276	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.051405 -0.006414 -0.002256 0.006318 0.048396 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.010262 0.001215 8.448 2.65e-14 * Output:regressor 0.699845 0.035156 19.907 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.01196 on 147 degrees of freedom Output:Multiple R-squared: 0.7294, Adjusted R-squared: 0.7276 Output:F-statistic: 396.3 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 0.056663 0.056663 396.27 < 2.2e-16 Output:Residuals 147 0.021019 0.000143 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.000524877 Output:[1] 0.0007816826 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.475704e-06 -2.525519e-05 Output:regressor -2.525519e-05 1.235971e-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) 0.0102622 0.0022808 4.4995 1.375e-05 * Output:regressor 0.6998449 0.0774974 9.0306 8.887e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	FR	0.3443	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.067603 -0.010310 -0.001501 0.008319 0.096304 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.007880 0.002418 3.259 0.00139 Output:regressor 1.192968 0.134471 8.872 2.26e-15 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.01855 on 147 degrees of freedom Output:Multiple R-squared: 0.3487, Adjusted R-squared: 0.3443 Output:F-statistic: 78.71 on 1 and 147 DF, p-value: 2.257e-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 0.027088 0.0270882 78.705 2.257e-15 Output:Residuals 147 0.050594 0.0003442 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.000524877 Output:[1] 0.0001286061 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 5.846067e-06 -0.0002528682 Output:regressor -2.528682e-04 0.0180823417 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0078797 0.1112765 0.0708 0.9436 Output:regressor 1.1929677 7.6839850 0.1553 0.8768 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:-9.743e-18 -8.560e-19 -7.010e-19 -4.540e-19 9.853e-17 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 6.822e-18 8.515e-19 8.011e+00 3.21e-13 * Output:regressor 1.000e+00 4.735e-17 2.112e+16 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 8.225e-18 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 4.461e+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 0.030176 0.030176 4.461e+32 < 2.2e-16 Output:Residuals 147 0.000000 0.000000 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Error:Warning message: Error:In anova.lm(ols) : Error: ANOVA F-tests on an essentially perfect fit are unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.000203892 Output:[1] 0.000203892 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 7.251345e-37 -2.465388e-35 Output:regressor -2.465388e-35 2.241674e-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 1.0574e-18 6.451e+00 1.51e-09 * Output:regressor 1.0000e+00 4.2919e-17 2.330e+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	ES	0.8277	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0237973 -0.0033314 -0.0008807 0.0025704 0.0157639 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0056583 0.0005251 10.78 <2e-16 * Output:regressor 1.5015814 0.0562689 26.69 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.005927 on 147 degrees of freedom Output:Multiple R-squared: 0.8289, Adjusted R-squared: 0.8277 Output:F-statistic: 712.1 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 0.0250128 0.0250128 712.13 < 2.2e-16 Output:Residuals 147 0.0051632 0.0000351 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.000203892 Output:[1] 7.495543e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.757676e-07 -1.125907e-05 Output:regressor -1.125907e-05 3.166184e-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) 0.0056583 0.0011156 5.072 1.169e-06 * Output:regressor 1.5015814 0.0662239 22.674 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	CH	0.8018	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.032723 -0.003926 -0.000558 0.002944 0.015412 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.0009836 0.0007145 -1.377 0.171 Output:regressor 0.6646344 0.0271380 24.491 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.006357 on 147 degrees of freedom Output:Multiple R-squared: 0.8032, Adjusted R-squared: 0.8018 Output:F-statistic: 599.8 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 0.0242362 0.0242362 599.8 < 2.2e-16 * Output:Residuals 147 0.0059398 0.0000404 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.000203892 Output:[1] 0.0003707124 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 5.105283e-07 -0.0000132766 Output:regressor -1.327660e-05 0.0007364726 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.00098358 0.00126612 -0.7768 0.4385 Output:regressor 0.66463439 0.07777279 8.5458 1.502e-14 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	GB	0.7781	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.013027 -0.004605 -0.001473 0.003259 0.022996 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.0025188 0.0008094 -3.112 0.00223 Output:regressor 0.5503002 0.0241349 22.801 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.006727 on 147 degrees of freedom Output:Multiple R-squared: 0.7796, Adjusted R-squared: 0.7781 Output:F-statistic: 519.9 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 0.0235244 0.0235244 519.89 < 2.2e-16 Output:Residuals 147 0.0066516 0.0000452 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.000203892 Output:[1] 0.000524877 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 6.551114e-07 -1.430745e-05 Output:regressor -1.430745e-05 5.824919e-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) -0.0025188 0.0015472 -1.6279 0.1057 Output:regressor 0.5503002 0.0542412 10.1454 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	RO	0.7420	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0202891 -0.0046295 -0.0009273 0.0038375 0.0290441 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.0024592 0.0008817 -2.789 0.00599 Output:regressor 0.3210148 0.0155411 20.656 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.007253 on 147 degrees of freedom Output:Multiple R-squared: 0.7438, Adjusted R-squared: 0.742 Output:F-statistic: 426.7 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 0.0224435 0.0224435 426.67 < 2.2e-16 Output:Residuals 147 0.0077325 0.0000526 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.000203892 Output:[1] 0.001471562 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 7.774778e-07 -1.012491e-05 Output:regressor -1.012491e-05 2.415253e-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) -0.0024592 0.0015433 -1.5935 0.1132 Output:regressor 0.3210148 0.0205424 15.6269 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	DE	0.7382	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0184020 -0.0046403 -0.0005309 0.0039953 0.0271324 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0020207 0.0007422 2.723 0.00726 Output:regressor 0.4393417 0.0214787 20.455 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.007306 on 147 degrees of freedom Output:Multiple R-squared: 0.74, Adjusted R-squared: 0.7382 Output:F-statistic: 418.4 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 0.0223304 0.0223304 418.4 < 2.2e-16 Output:Residuals 147 0.0078456 0.0000534 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.000203892 Output:[1] 0.0007816826 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 5.508160e-07 -9.426659e-06 Output:regressor -9.426659e-06 4.613342e-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) 0.0020207 0.0010696 1.8892 0.06083 . Output:regressor 0.4393417 0.0353627 12.4239 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	FR	0.4968	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.026738 -0.003610 -0.001221 0.001794 0.079265 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.001455 0.001320 -1.102 0.272 Output:regressor 0.890498 0.073420 12.129 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.01013 on 147 degrees of freedom Output:Multiple R-squared: 0.5002, Adjusted R-squared: 0.4968 Output:F-statistic: 147.1 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 0.015093 0.0150935 147.11 < 2.2e-16 * Output:Residuals 147 0.015083 0.0001026 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.000203892 Output:[1] 0.0001286061 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.742781e-06 -7.538297e-05 Output:regressor -7.538297e-05 5.390558e-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) -0.0014550 0.0033784 -0.4307 0.6673410 Output:regressor 0.8904981 0.2540858 3.5047 0.0006062 * 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:-1.207e-16 4.220e-19 7.760e-19 1.263e-18 1.534e-17 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -9.095e-18 1.246e-18 -7.301e+00 1.66e-11 * Output:regressor 1.000e+00 2.196e-17 4.555e+16 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.025e-17 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 2.074e+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 0.21779 0.21779 2.0744e+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] 0.001471562 Output:[1] 0.001471562 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.551821e-36 -2.020901e-35 Output:regressor -2.020901e-35 4.820768e-34 Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -9.0953e-18 9.7321e-19 -9.3457e+00 < 2.2e-16 * Output:regressor 1.0000e+00 8.7529e-18 1.1425e+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] "-------------------------------------------------------------------------------------------"
RO	DE	0.9364	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.036434 -0.005177 -0.001087 0.006236 0.033027 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0147847 0.0009828 15.04 <2e-16 * Output:regressor 1.3280164 0.0284438 46.69 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.009675 on 147 degrees of freedom Output:Multiple R-squared: 0.9368, Adjusted R-squared: 0.9364 Output:F-statistic: 2180 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 0.204032 0.204032 2179.9 < 2.2e-16 Output:Residuals 147 0.013759 0.000094 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.001471562 Output:[1] 0.0007816826 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 9.659736e-07 -1.653166e-05 Output:regressor -1.653166e-05 8.090480e-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) 0.0147847 0.0012033 12.287 < 2.2e-16 * Output:regressor 1.3280164 0.0375469 35.370 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	ES	0.8656	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.034971 -0.009779 -0.001874 0.006698 0.059568 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.027253 0.001246 21.87 <2e-16 * Output:regressor 4.124623 0.133503 30.89 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.01406 on 147 degrees of freedom Output:Multiple R-squared: 0.8665, Adjusted R-squared: 0.8656 Output:F-statistic: 954.5 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.188727 0.188727 954.53 < 2.2e-16 Output:Residuals 147 0.029065 0.000198 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.001471562 Output:[1] 7.495543e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.552343e-06 -6.337923e-05 Output:regressor -6.337923e-05 1.782300e-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) 0.0272534 0.0025438 10.714 < 2.2e-16 * Output:regressor 4.1246235 0.1062593 38.817 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	CH	0.7860	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.121689 -0.008566 -0.000775 0.008126 0.093687 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.010048 0.001995 5.038 1.36e-06 * Output:regressor 1.768042 0.075754 23.339 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.01774 on 147 degrees of freedom Output:Multiple R-squared: 0.7875, Adjusted R-squared: 0.786 Output:F-statistic: 544.7 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 0.171508 0.171508 544.72 < 2.2e-16 Output:Residuals 147 0.046283 0.000315 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.001471562 Output:[1] 0.0003707124 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 3.978061e-06 -0.0001034519 Output:regressor -1.034519e-04 0.0057386296 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0100477 0.0034636 2.9010 0.004292 Output:regressor 1.7680425 0.2674260 6.6113 6.585e-10 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	IT	0.7420	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.051333 -0.010951 -0.000162 0.009799 0.087542 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.016440 0.002017 8.149 1.46e-13 * Output:regressor 2.316881 0.112166 20.656 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.01948 on 147 degrees of freedom Output:Multiple R-squared: 0.7438, Adjusted R-squared: 0.742 Output:F-statistic: 426.7 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 0.161983 0.16198 426.67 < 2.2e-16 Output:Residuals 147 0.055808 0.00038 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.001471562 Output:[1] 0.000203892 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 4.069733e-06 -0.000138367 Output:regressor -1.383670e-04 0.012581135 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0164397 0.0029463 5.5799 1.125e-07 * Output:regressor 2.3168809 0.2625044 8.8261 2.945e-15 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	GB	0.7413	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.058533 -0.009321 0.001515 0.008461 0.079433 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.006468 0.002348 2.755 0.00661 Output:regressor 1.443367 0.070001 20.619 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.01951 on 147 degrees of freedom Output:Multiple R-squared: 0.7431, Adjusted R-squared: 0.7413 Output:F-statistic: 425.2 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.161835 0.161835 425.15 < 2.2e-16 Output:Residuals 147 0.055956 0.000381 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.001471562 Output:[1] 0.000524877 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 5.511069e-06 -0.0001203602 Output:regressor -1.203602e-04 0.0049001628 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0064680 0.0060602 1.0673 0.2876 Output:regressor 1.4433673 0.3000961 4.8097 3.705e-06 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	FR	0.5197	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.055910 -0.011475 -0.001089 0.008271 0.187177 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.007712 0.003465 2.226 0.0276 * Output:regressor 2.446264 0.192693 12.695 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.02658 on 147 degrees of freedom Output:Multiple R-squared: 0.523, Adjusted R-squared: 0.5197 Output:F-statistic: 161.2 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.11390 0.113902 161.17 < 2.2e-16 * Output:Residuals 147 0.10389 0.000707 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.001471562 Output:[1] 0.0001286061 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0000120044 -0.0005192435 Output:regressor -0.0005192435 0.0371305594 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0077115 0.0101568 0.7592 0.4489 Output:regressor 2.4462642 0.5756599 4.2495 3.788e-05 * 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		-0.0003		0.0648		0.1610		0.0284		-0.0055		0.0098
DE		-0.0003		1.0000		0.2311		0.1070		0.0209		0.0164		0.4729
ES		0.0648		0.2311		1.0000		0.2239		0.0416		0.0345		0.3214
FR		0.1610		0.1070		0.2239		1.0000		0.0322		-0.0053		0.1328
GB		0.0284		0.0209		0.0416		0.0322		1.0000		0.0057		0.0450
IT		-0.0055		0.0164		0.0345		-0.0053		0.0057		1.0000		-0.0038
RO		0.0098		0.4729		0.3214		0.1328		0.0450		-0.0038		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:-4.894e-16 -3.880e-18 2.080e-18 7.290e-18 5.500e-17 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.091e-16 6.668e-18 1.637e+01 <2e-16 * Output:regressor 1.000e+00 2.604e-17 3.841e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 4.279e-17 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 1.475e+33 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 2.7007 2.7007 1.475e+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] 0.01824825 Output:[1] 0.01824825 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 4.446001e-35 -1.476863e-34 Output:regressor -1.476863e-34 6.779742e-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) 1.0914e-16 1.2472e-17 8.7513e+00 4.555e-15 * Output:regressor 1.0000e+00 7.1608e-17 1.3965e+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	FR	0.1610	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.26466 -0.08385 -0.02778 0.05241 0.43296 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.09461 0.02489 3.802 0.00021 * Output:regressor 0.33635 0.06204 5.421 2.37e-07 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1237 on 147 degrees of freedom Output:Multiple R-squared: 0.1666, Adjusted R-squared: 0.161 Output:F-statistic: 29.39 on 1 and 147 DF, p-value: 2.372e-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 0.4500 0.45000 29.39 2.372e-07 Output:Residuals 147 2.2507 0.01531 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01824825 Output:[1] 0.02687587 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0006193656 -0.001410171 Output:regressor -0.0014101707 0.003849318 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.094614 0.040790 2.3196 0.02174 * Output:regressor 0.336352 0.101744 3.3059 0.00119 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	ES	0.0648	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.28039 -0.08795 -0.03613 0.06345 0.42394 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.08499 0.04101 2.072 0.03999 * Output:regressor 0.20936 0.06240 3.355 0.00101 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1306 on 147 degrees of freedom Output:Multiple R-squared: 0.07113, Adjusted R-squared: 0.06481 Output:F-statistic: 11.26 on 1 and 147 DF, p-value: 0.001009 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.19211 0.192113 11.257 0.001009 Output:Residuals 147 2.50863 0.017065 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01824825 Output:[1] 0.02961505 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001682163 -0.002470553 Output:regressor -0.002470553 0.003893542 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.084991 0.069636 1.2205 0.22423 Output:regressor 0.209359 0.106892 1.9586 0.05205 . Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	GB	0.0284	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.26018 -0.09719 -0.02414 0.07210 0.45463 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.17993 0.01973 9.122 5.19e-16 *** Output:regressor 0.93488 0.40535 2.306 0.0225 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1332 on 147 degrees of freedom Output:Multiple R-squared: 0.03492, Adjusted R-squared: 0.02836 Output:F-statistic: 5.319 on 1 and 147 DF, p-value: 0.02249 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.09431 0.094312 5.3191 0.02249 Output:Residuals 147 2.60643 0.017731 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01824825 Output:[1] 0.0007291182 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0003890892 -0.006661762 Output:regressor -0.0066617617 0.164311862 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.179932 0.022342 8.0534 2.523e-13 ** Output:regressor 0.934877 0.446666 2.0930 0.03807 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	RO	0.0098	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.24034 -0.09638 -0.02395 0.06384 0.46366 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.14811 0.04579 3.234 0.00151 Output:regressor 0.13520 0.08618 1.569 0.11884 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1344 on 147 degrees of freedom Output:Multiple R-squared: 0.01647, Adjusted R-squared: 0.009776 Output:F-statistic: 2.461 on 1 and 147 DF, p-value: 0.1188 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.04447 0.044472 2.4611 0.1188 Output:Residuals 147 2.65627 0.018070 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01824825 Output:[1] 0.01643885 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.002096768 -0.003830440 Output:regressor -0.003830440 0.007427141 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.148107 0.078187 1.8943 0.06016 . Output:regressor 0.135201 0.140342 0.9634 0.33694 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	DE	-0.0003	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.23818 -0.09664 -0.02631 0.06815 0.48752 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.19775 0.02341 8.448 2.64e-14 * Output:regressor 0.04762 0.04889 0.974 0.332 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1351 on 147 degrees of freedom Output:Multiple R-squared: 0.006412, Adjusted R-squared: -0.0003473 Output:F-statistic: 0.9486 on 1 and 147 DF, p-value: 0.3317 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.01732 0.017317 0.9486 0.3317 Output:Residuals 147 2.68342 0.018255 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01824825 Output:[1] 0.05159722 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0005479282 -0.001008435 Output:regressor -0.0010084352 0.002390474 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.197746 0.034413 5.7462 5.078e-08 * Output:regressor 0.047620 0.057340 0.8305 0.4076 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	IT	-0.0055	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.22162 -0.09291 -0.02933 0.06500 0.47862 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.20806 0.02478 8.396 3.57e-14 * Output:regressor 0.01938 0.04393 0.441 0.66 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1355 on 147 degrees of freedom Output:Multiple R-squared: 0.001322, Adjusted R-squared: -0.005472 Output:F-statistic: 0.1946 on 1 and 147 DF, p-value: 0.6598 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.00357 0.0035704 0.1946 0.6598 Output:Residuals 147 2.69717 0.0183481 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01824825 Output:[1] 0.06425055 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0006141609 -0.0009733647 Output:regressor -0.0009733647 0.0019295346 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.208060 0.031511 6.6028 6.882e-10 * Output:regressor 0.019377 0.059157 0.3276 0.7437 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:-1.137e-15 -1.500e-19 7.400e-18 1.248e-17 9.864e-17 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.183e-16 1.654e-17 1.320e+01 <2e-16 * Output:regressor 1.000e+00 3.454e-17 2.895e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 9.546e-17 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 8.38e+32 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 7.6364 7.6364 8.3804e+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] 0.05159722 Output:[1] 0.05159722 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.735103e-34 -5.033825e-34 Output:regressor -5.033825e-34 1.193258e-33 Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.1829e-16 4.0986e-18 5.3259e+01 < 2.2e-16 * Output:regressor 1.0000e+00 1.9984e-17 5.0040e+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	0.4729	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.35534 -0.10260 -0.00083 0.09705 0.41543 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.20885 0.05618 -3.718 0.000285 * Output:regressor 1.22293 0.10573 11.567 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1649 on 147 degrees of freedom Output:Multiple R-squared: 0.4765, Adjusted R-squared: 0.4729 Output:F-statistic: 133.8 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 3.6386 3.6386 133.79 < 2.2e-16 Output:Residuals 147 3.9978 0.0272 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.05159722 Output:[1] 0.01643885 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.003155705 -0.005764938 Output:regressor -0.005764938 0.011178091 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.208853 0.062049 -3.3659 0.0009735 * Output:regressor 1.222930 0.145585 8.4001 3.481e-14 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	ES	0.2311	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.37858 -0.14924 -0.03184 0.14447 0.49633 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.01476 0.06254 0.236 0.814 Output:regressor 0.64157 0.09514 6.743 3.3e-10 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1992 on 147 degrees of freedom Output:Multiple R-squared: 0.2362, Adjusted R-squared: 0.2311 Output:F-statistic: 45.47 on 1 and 147 DF, p-value: 3.302e-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 1.8041 1.80410 45.471 3.302e-10 * Output:Residuals 147 5.8323 0.03968 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.05159722 Output:[1] 0.02961505 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.003910849 -0.005743771 Output:regressor -0.005743771 0.009052069 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.014764 0.064987 0.2272 0.8206 Output:regressor 0.641568 0.130379 4.9208 2.284e-06 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	FR	0.1070	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.4175 -0.1608 -0.0464 0.1392 0.4595 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.25122 0.04317 5.819 3.57e-08 * Output:regressor 0.46578 0.10763 4.328 2.77e-05 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2147 on 147 degrees of freedom Output:Multiple R-squared: 0.113, Adjusted R-squared: 0.107 Output:F-statistic: 18.73 on 1 and 147 DF, p-value: 2.772e-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 0.8630 0.86295 18.728 2.772e-05 Output:Residuals 147 6.7734 0.04608 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.05159722 Output:[1] 0.02687587 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001863935 -0.004243805 Output:regressor -0.004243805 0.011584241 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.251220 0.049956 5.0289 1.417e-06 * Output:regressor 0.465780 0.151819 3.0680 0.002566 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	GB	0.0209	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.37496 -0.17097 -0.06009 0.16039 0.51375 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.3653 0.0333 10.971 <2e-16 *** Output:regressor 1.3953 0.6842 2.039 0.0432 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2248 on 147 degrees of freedom Output:Multiple R-squared: 0.02751, Adjusted R-squared: 0.0209 Output:F-statistic: 4.159 on 1 and 147 DF, p-value: 0.04321 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.2101 0.210091 4.1586 0.04321 Output:Residuals 147 7.4263 0.050519 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.05159722 Output:[1] 0.0007291182 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001108602 -0.01898085 Output:regressor -0.018980847 0.46816120 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.365285 0.043174 8.4608 2.454e-14 Output:regressor 1.395319 0.814729 1.7126 0.08889 . Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	IT	0.0164	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.34687 -0.15734 -0.04755 0.15784 0.53432 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.49045 0.04122 11.899 <2e-16 * Output:regressor -0.13597 0.07306 -1.861 0.0647 . Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2253 on 147 degrees of freedom Output:Multiple R-squared: 0.02302, Adjusted R-squared: 0.01637 Output:F-statistic: 3.464 on 1 and 147 DF, p-value: 0.06472 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.1758 0.175798 3.4638 0.06472 . Output:Residuals 147 7.4606 0.050752 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.05159722 Output:[1] 0.06425055 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001698818 -0.002692405 Output:regressor -0.002692405 0.005337247 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.490446 0.079607 6.1608 6.593e-09 Output:regressor -0.135968 0.111966 -1.2144 0.2266 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	CH	-0.0003	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.33409 -0.18121 -0.07171 0.20368 0.52866 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.3925 0.0354 11.088 <2e-16 * Output:regressor 0.1346 0.1382 0.974 0.332 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2272 on 147 degrees of freedom Output:Multiple R-squared: 0.006412, Adjusted R-squared: -0.0003473 Output:F-statistic: 0.9486 on 1 and 147 DF, p-value: 0.3317 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0490 0.048963 0.9486 0.3317 Output:Residuals 147 7.5874 0.051615 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.05159722 Output:[1] 0.01824825 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001253287 -0.004163141 Output:regressor -0.004163141 0.019111472 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.392525 0.058631 6.6948 4.257e-10 * Output:regressor 0.134645 0.170781 0.7884 0.4317 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:-5.682e-17 -8.550e-18 -4.200e-18 5.400e-19 5.314e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -1.455e-16 1.442e-17 -1.009e+01 <2e-16 * Output:regressor 1.000e+00 2.194e-17 4.558e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 4.593e-17 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 2.077e+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 4.383 4.383 2.0774e+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] 0.02961505 Output:[1] 0.02961505 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.079711e-34 -3.054422e-34 Output:regressor -3.054422e-34 4.813708e-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 1.8706e-17 -7.7796e+00 1.18e-12 * Output:regressor 1.0000e+00 3.4151e-17 2.9281e+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	RO	0.3214	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.32707 -0.09256 -0.00614 0.10138 0.38765 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.23932 0.04829 4.956 1.96e-06 * Output:regressor 0.76630 0.09089 8.431 2.91e-14 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1418 on 147 degrees of freedom Output:Multiple R-squared: 0.326, Adjusted R-squared: 0.3214 Output:F-statistic: 71.09 on 1 and 147 DF, p-value: 2.908e-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 1.4287 1.4287 71.087 2.908e-14 Output:Residuals 147 2.9543 0.0201 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.02961505 Output:[1] 0.01643885 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.002332058 -0.004260274 Output:regressor -0.004260274 0.008260580 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.23931 0.07071 3.3844 0.0009146 * Output:regressor 0.76631 0.11929 6.4240 1.734e-09 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	DE	0.2311	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.41880 -0.09499 0.00545 0.10515 0.37034 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.47918 0.02614 18.328 < 2e-16 * Output:regressor 0.36824 0.05461 6.743 3.3e-10 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1509 on 147 degrees of freedom Output:Multiple R-squared: 0.2362, Adjusted R-squared: 0.2311 Output:F-statistic: 45.47 on 1 and 147 DF, p-value: 3.302e-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 1.0355 1.03549 45.471 3.302e-10 Output:Residuals 147 3.3475 0.02277 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.02961505 Output:[1] 0.05159722 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0006835332 -0.001258010 Output:regressor -0.0012580096 0.002982085 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.479182 0.046204 10.3710 < 2.2e-16 * Output:regressor 0.368238 0.071788 5.1295 9.032e-07 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	FR	0.2239	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.51609 -0.09629 0.00688 0.11241 0.41735 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.45043 0.03049 14.772 < 2e-16 * Output:regressor 0.50253 0.07601 6.611 6.59e-10 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1516 on 147 degrees of freedom Output:Multiple R-squared: 0.2292, Adjusted R-squared: 0.2239 Output:F-statistic: 43.71 on 1 and 147 DF, p-value: 6.594e-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 1.0045 1.00450 43.706 6.594e-10 Output:Residuals 147 3.3785 0.02298 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.02961505 Output:[1] 0.02687587 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0009297121 -0.002116767 Output:regressor -0.0021167674 0.005778103 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.450427 0.042424 10.6173 < 2.2e-16 * Output:regressor 0.502532 0.092426 5.4371 2.203e-07 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	CH	0.0648	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.52527 -0.08371 0.00687 0.12122 0.37282 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.56051 0.02593 21.614 < 2e-16 * Output:regressor 0.33977 0.10127 3.355 0.00101 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1664 on 147 degrees of freedom Output:Multiple R-squared: 0.07113, Adjusted R-squared: 0.06481 Output:F-statistic: 11.26 on 1 and 147 DF, p-value: 0.001009 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.3118 0.311780 11.257 0.001009 * Output:Residuals 147 4.0712 0.027696 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.02961505 Output:[1] 0.01824825 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0006724863 -0.00223385 Output:regressor -0.0022338504 0.01025480 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.560513 0.045998 12.1855 <2e-16 ** Output:regressor 0.339768 0.167568 2.0276 0.0444 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	GB	0.0416	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.47089 -0.11946 0.01115 0.14010 0.32531 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.57788 0.02496 23.155 < 2e-16 * Output:regressor 1.39714 0.51287 2.724 0.00723 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1685 on 147 degrees of freedom Output:Multiple R-squared: 0.04806, Adjusted R-squared: 0.04158 Output:F-statistic: 7.421 on 1 and 147 DF, p-value: 0.007228 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.2106 0.210640 7.4212 0.007228 * Output:Residuals 147 4.1724 0.028384 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.02961505 Output:[1] 0.0007291182 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0006228563 -0.01066419 Output:regressor -0.0106641882 0.26303142 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.577881 0.035039 16.4924 < 2.2e-16 Output:regressor 1.397141 0.520400 2.6847 0.008092 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	IT	0.0345	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.44823 -0.10881 0.01225 0.12622 0.34554 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.56518 0.03094 18.268 <2e-16 *** Output:regressor 0.13747 0.05484 2.507 0.0133 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1691 on 147 degrees of freedom Output:Multiple R-squared: 0.041, Adjusted R-squared: 0.03448 Output:F-statistic: 6.284 on 1 and 147 DF, p-value: 0.01327 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.1797 0.179699 6.2845 0.01327 Output:Residuals 147 4.2033 0.028594 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.02961505 Output:[1] 0.06425055 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0009571212 -0.001516912 Output:regressor -0.0015169118 0.003007027 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.565179 0.051940 10.8813 < 2e-16 Output:regressor 0.137469 0.072596 1.8936 0.06024 . 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:-7.789e-17 -1.027e-17 -5.440e-18 2.150e-18 5.374e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -1.455e-16 9.428e-18 -1.544e+01 <2e-16 * Output:regressor 1.000e+00 2.350e-17 4.255e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 4.688e-17 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 1.81e+33 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 3.9776 3.9776 1.8102e+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] 0.02687587 Output:[1] 0.02687587 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 8.888607e-35 -2.023757e-34 Output:regressor -2.023757e-34 5.524214e-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) -1.4552e-16 5.8407e-18 -2.4916e+01 < 2.2e-16 * Output:regressor 1.0000e+00 2.3646e-17 4.2290e+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	0.2239	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.31938 -0.09562 -0.02572 0.06848 0.53431 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.07697 0.04534 1.697 0.0917 . Output:regressor 0.45605 0.06898 6.611 6.59e-10 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1444 on 147 degrees of freedom Output:Multiple R-squared: 0.2292, Adjusted R-squared: 0.2239 Output:F-statistic: 43.71 on 1 and 147 DF, p-value: 6.594e-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 0.91159 0.91159 43.706 6.594e-10 * Output:Residuals 147 3.06603 0.02086 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.02687587 Output:[1] 0.02961505 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.002055932 -0.003019498 Output:regressor -0.003019498 0.004758669 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.076967 0.046052 1.6713 0.09679 . Output:regressor 0.456051 0.071106 6.4136 1.829e-09 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	CH	0.1610	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.46422 -0.08871 -0.01024 0.09022 0.58670 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.25843 0.02340 11.044 < 2e-16 * Output:regressor 0.49538 0.09138 5.421 2.37e-07 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1502 on 147 degrees of freedom Output:Multiple R-squared: 0.1666, Adjusted R-squared: 0.161 Output:F-statistic: 29.39 on 1 and 147 DF, p-value: 2.372e-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 0.6628 0.66276 29.39 2.372e-07 Output:Residuals 147 3.3149 0.02255 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.02687587 Output:[1] 0.01824825 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0005475485 -0.001818835 Output:regressor -0.0018188349 0.008349612 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.258433 0.032177 8.0316 2.854e-13 * Output:regressor 0.495377 0.137388 3.6057 0.0004257 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	RO	0.1328	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.27917 -0.10790 -0.02079 0.07701 0.56870 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.12083 0.05201 2.323 0.0215 * Output:regressor 0.47605 0.09788 4.864 2.93e-06 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1527 on 147 degrees of freedom Output:Multiple R-squared: 0.1386, Adjusted R-squared: 0.1328 Output:F-statistic: 23.66 on 1 and 147 DF, p-value: 2.931e-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 0.5514 0.55136 23.656 2.931e-06 * Output:Residuals 147 3.4263 0.02331 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.02687587 Output:[1] 0.01643885 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.002704577 -0.004940804 Output:regressor -0.004940804 0.009580113 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.120827 0.059759 2.0219 0.045 * Output:regressor 0.476050 0.098551 4.8305 3.386e-06 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	DE	0.1070	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.33639 -0.10197 -0.02627 0.07550 0.54097 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.26399 0.02684 9.836 < 2e-16 * Output:regressor 0.24261 0.05606 4.328 2.77e-05 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1549 on 147 degrees of freedom Output:Multiple R-squared: 0.113, Adjusted R-squared: 0.107 Output:F-statistic: 18.73 on 1 and 147 DF, p-value: 2.772e-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 0.4495 0.44949 18.728 2.772e-05 Output:Residuals 147 3.5281 0.02400 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.02687587 Output:[1] 0.05159722 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0007204097 -0.001325879 Output:regressor -0.0013258790 0.003142968 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.263995 0.035057 7.5304 4.720e-12 * Output:regressor 0.242615 0.055172 4.3975 2.089e-05 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	GB	0.0322	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.35627 -0.11491 -0.00977 0.09880 0.57163 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.31788 0.02389 13.306 <2e-16 *** Output:regressor 1.19531 0.49095 2.435 0.0161 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1613 on 147 degrees of freedom Output:Multiple R-squared: 0.03876, Adjusted R-squared: 0.03222 Output:F-statistic: 5.928 on 1 and 147 DF, p-value: 0.0161 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.1542 0.15418 5.9276 0.0161 Output:Residuals 147 3.8235 0.02601 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.02687587 Output:[1] 0.0007291182 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.000570767 -0.009772345 Output:regressor -0.009772345 0.241034170 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.317881 0.026502 11.9944 < 2e-16 ** Output:regressor 1.195308 0.535500 2.2321 0.02712 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	IT	-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:-0.36642 -0.10787 -0.00855 0.10136 0.60309 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.35390 0.03007 11.768 <2e-16 * Output:regressor 0.02467 0.05330 0.463 0.644 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1644 on 147 degrees of freedom Output:Multiple R-squared: 0.001455, Adjusted R-squared: -0.005337 Output:F-statistic: 0.2143 on 1 and 147 DF, p-value: 0.6441 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0058 0.0057893 0.2143 0.6441 Output:Residuals 147 3.9718 0.0270193 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.02687587 Output:[1] 0.06425055 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.000904410 -0.001433371 Output:regressor -0.001433371 0.002841422 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.353896 0.043429 8.1489 1.466e-13 * Output:regressor 0.024674 0.064291 0.3838 0.7017 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:-1.060e-17 -1.622e-18 -7.960e-19 -1.100e-20 1.060e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.364e-17 1.335e-18 1.022e+01 <2e-16 * Output:regressor 1.000e+00 2.744e-17 3.645e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 9.013e-18 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 1.328e+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 0.10791 0.10791 1.3283e+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] 0.0007291182 Output:[1] 0.0007291182 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.782750e-36 -3.052323e-35 Output:regressor -3.052323e-35 7.528531e-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) 1.3643e-17 1.5768e-18 8.6524e+00 8.096e-15 * Output:regressor 1.0000e+00 2.3711e-17 4.2175e+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	0.0450	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.050348 -0.017480 -0.004728 0.011914 0.104608 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.015905 0.008989 1.769 0.0789 . Output:regressor 0.047774 0.016917 2.824 0.0054 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.02639 on 147 degrees of freedom Output:Multiple R-squared: 0.05146, Adjusted R-squared: 0.04501 Output:F-statistic: 7.975 on 1 and 147 DF, p-value: 0.005402 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.005553 0.0055529 7.9748 0.005402 Output:Residuals 147 0.102357 0.0006963 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0007291182 Output:[1] 0.01643885 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 8.079679e-05 -0.0001476020 Output:regressor -1.476020e-04 0.0002861972 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0159045 0.0091356 1.7409 0.08379 . Output:regressor 0.0477742 0.0183827 2.5989 0.01031 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	ES	0.0416	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.047382 -0.018085 -0.005806 0.011703 0.110453 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.018717 0.008299 2.255 0.02559 * Output:regressor 0.034397 0.012627 2.724 0.00723 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.02643 on 147 degrees of freedom Output:Multiple R-squared: 0.04806, Adjusted R-squared: 0.04158 Output:F-statistic: 7.421 on 1 and 147 DF, p-value: 0.007228 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.005186 0.0051859 7.4212 0.007228 Output:Residuals 147 0.102724 0.0006988 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0007291182 Output:[1] 0.02961505 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 6.888138e-05 -0.0001011645 Output:regressor -1.011645e-04 0.0001594332 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0187174 0.0066961 2.7952 0.0058788 Output:regressor 0.0343974 0.0098658 3.4865 0.0006455 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	FR	0.0322	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.052723 -0.017088 -0.007103 0.011497 0.102961 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.028664 0.005343 5.365 3.08e-07 *** Output:regressor 0.032428 0.013319 2.435 0.0161 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.02656 on 147 degrees of freedom Output:Multiple R-squared: 0.03876, Adjusted R-squared: 0.03222 Output:F-statistic: 5.928 on 1 and 147 DF, p-value: 0.0161 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.004183 0.0041827 5.9276 0.0161 Output:Residuals 147 0.103727 0.0007056 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0007291182 Output:[1] 0.02687587 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.854386e-05 -6.498862e-05 Output:regressor -6.498862e-05 1.773983e-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) 0.0286638 0.0054476 5.2618 4.955e-07 ** Output:regressor 0.0324276 0.0143174 2.2649 0.02498 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	CH	0.0284	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.047870 -0.018306 -0.007096 0.008545 0.108463 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.032407 0.004148 7.813 9.76e-13 *** Output:regressor 0.037353 0.016196 2.306 0.0225 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.02662 on 147 degrees of freedom Output:Multiple R-squared: 0.03492, Adjusted R-squared: 0.02836 Output:F-statistic: 5.319 on 1 and 147 DF, p-value: 0.02249 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.003768 0.0037683 5.3191 0.02249 Output:Residuals 147 0.104141 0.0007084 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0007291182 Output:[1] 0.01824825 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.720198e-05 -5.714118e-05 Output:regressor -5.714118e-05 2.623144e-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) 0.0324065 0.0044356 7.3060 1.618e-11 ** Output:regressor 0.0373535 0.0168276 2.2198 0.02797 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	DE	0.0209	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.049558 -0.018321 -0.004957 0.011926 0.105267 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.032226 0.004629 6.962 1.04e-10 *** Output:regressor 0.019717 0.009669 2.039 0.0432 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.02672 on 147 degrees of freedom Output:Multiple R-squared: 0.02751, Adjusted R-squared: 0.0209 Output:F-statistic: 4.159 on 1 and 147 DF, p-value: 0.04321 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.002969 0.00296878 4.1586 0.04321 Output:Residuals 147 0.104941 0.00071388 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0007291182 Output:[1] 0.05159722 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.142783e-05 -3.943688e-05 Output:regressor -3.943688e-05 9.348428e-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) 0.0322256 0.0047399 6.7988 2.464e-10 Output:regressor 0.0197172 0.0109776 1.7961 0.07453 . Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	IT	0.0057	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.046543 -0.018857 -0.006185 0.010534 0.103457 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.046543 0.004926 9.448 <2e-16 * Output:regressor -0.011893 0.008731 -1.362 0.175 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.02692 on 147 degrees of freedom Output:Multiple R-squared: 0.01246, Adjusted R-squared: 0.005747 Output:F-statistic: 1.855 on 1 and 147 DF, p-value: 0.1752 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.001345 0.00134506 1.8554 0.1752 Output:Residuals 147 0.106564 0.00072493 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0007291182 Output:[1] 0.06425055 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.426532e-05 -3.845735e-05 Output:regressor -3.845735e-05 7.623535e-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) 0.0465430 0.0093147 4.9967 1.635e-06 * Output:regressor -0.0118933 0.0151420 -0.7854 0.4335 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:-5.772e-17 -1.213e-17 -3.503e-18 1.409e-17 1.368e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 7.276e-17 3.889e-18 1.871e+01 <2e-16 * Output:regressor 1.000e+00 6.893e-18 1.451e+17 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 2.126e-17 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 2.104e+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 9.5091 9.5091 2.1045e+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] 0.06425055 Output:[1] 0.06425055 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.512449e-35 -2.397034e-35 Output:regressor -2.397034e-35 4.751725e-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 6.0732e-18 1.1981e+01 < 2.2e-16 * Output:regressor 1.0000e+00 1.0520e-17 9.5059e+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	ES	0.0345	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.58683 -0.15215 0.03057 0.19229 0.43267 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.3152 0.0782 4.031 8.88e-05 *** Output:regressor 0.2982 0.1190 2.507 0.0133 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2491 on 147 degrees of freedom Output:Multiple R-squared: 0.041, Adjusted R-squared: 0.03448 Output:F-statistic: 6.284 on 1 and 147 DF, p-value: 0.01327 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.3899 0.38986 6.2845 0.01327 Output:Residuals 147 9.1192 0.06204 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.06425055 Output:[1] 0.02961505 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.006114901 -0.008980809 Output:regressor -0.008980809 0.014153576 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.31521 0.05684 5.5456 1.323e-07 ** Output:regressor 0.29824 0.11690 2.5512 0.01176 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	DE	0.0164	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.49504 -0.18571 0.01325 0.19068 0.49250 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.57588 0.04355 13.222 <2e-16 * Output:regressor -0.16931 0.09097 -1.861 0.0647 . Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2514 on 147 degrees of freedom Output:Multiple R-squared: 0.02302, Adjusted R-squared: 0.01637 Output:F-statistic: 3.464 on 1 and 147 DF, p-value: 0.06472 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.2189 0.218910 3.4638 0.06472 . Output:Residuals 147 9.2902 0.063198 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.06425055 Output:[1] 0.05159722 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001896959 -0.003491261 Output:regressor -0.003491261 0.008275960 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.575881 0.055645 10.3493 <2e-16 Output:regressor -0.169312 0.165164 -1.0251 0.307 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	GB	0.0057	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.54695 -0.17338 0.01885 0.19155 0.42839 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.54695 0.03744 14.608 <2e-16 * Output:regressor -1.04804 0.76941 -1.362 0.175 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2527 on 147 degrees of freedom Output:Multiple R-squared: 0.01246, Adjusted R-squared: 0.005747 Output:F-statistic: 1.855 on 1 and 147 DF, p-value: 0.1752 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.1185 0.118527 1.8554 0.1752 Output:Residuals 147 9.3906 0.063881 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.06425055 Output:[1] 0.0007291182 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001401827 -0.02400128 Output:regressor -0.024001280 0.59198981 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.546947 0.040921 13.3659 <2e-16 * Output:regressor -1.048044 1.309360 -0.8004 0.4248 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	RO	-0.0038	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.50371 -0.17953 0.03152 0.19345 0.44099 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.55976 0.08651 6.470 1.37e-09 * Output:regressor -0.10723 0.16282 -0.659 0.511 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.254 on 147 degrees of freedom Output:Multiple R-squared: 0.002942, Adjusted R-squared: -0.003841 Output:F-statistic: 0.4337 on 1 and 147 DF, p-value: 0.5112 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0280 0.027973 0.4337 0.5112 Output:Residuals 147 9.4811 0.064497 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.06425055 Output:[1] 0.01643885 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.007484063 -0.01367212 Output:regressor -0.013672115 0.02650994 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.55976 0.11248 4.9766 1.787e-06 * Output:regressor -0.10723 0.24887 -0.4309 0.6672 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	FR	-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:-0.53930 -0.17675 0.02637 0.19566 0.43066 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.48285 0.05112 9.446 <2e-16 * Output:regressor 0.05899 0.12743 0.463 0.644 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2542 on 147 degrees of freedom Output:Multiple R-squared: 0.001455, Adjusted R-squared: -0.005337 Output:F-statistic: 0.2143 on 1 and 147 DF, p-value: 0.6441 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0138 0.013840 0.2143 0.6441 Output:Residuals 147 9.4952 0.064593 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.06425055 Output:[1] 0.02687587 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.002612929 -0.005949114 Output:regressor -0.005949114 0.016239193 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.482846 0.042767 11.2901 <2e-16 * Output:regressor 0.058987 0.153945 0.3832 0.7021 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	CH	-0.0055	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.53297 -0.17644 0.02934 0.19494 0.43397 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.48959 0.03961 12.362 <2e-16 * Output:regressor 0.06823 0.15466 0.441 0.66 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2542 on 147 degrees of freedom Output:Multiple R-squared: 0.001322, Adjusted R-squared: -0.005472 Output:F-statistic: 0.1946 on 1 and 147 DF, p-value: 0.6598 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0126 0.012571 0.1946 0.6598 Output:Residuals 147 9.4965 0.064602 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.06425055 Output:[1] 0.01824825 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001568628 -0.005210635 Output:regressor -0.005210635 0.023920139 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.489594 0.042411 11.5441 <2e-16 * Output:regressor 0.068226 0.180998 0.3769 0.7068 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:-1.299e-15 8.300e-19 8.450e-18 1.307e-17 1.211e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 4.366e-16 3.703e-17 1.179e+01 <2e-16 * Output:regressor 1.000e+00 6.970e-17 1.435e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.087e-16 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 2.059e+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 2.4329 2.4329 2.0586e+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] 0.01643885 Output:[1] 0.01643885 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.371345e-33 -2.505216e-33 Output:regressor -2.505216e-33 4.857559e-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 3.9527e-17 1.1045e+01 < 2.2e-16 * Output:regressor 1.0000e+00 9.2713e-17 1.0786e+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	0.4729	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.267218 -0.062287 -0.005557 0.056704 0.190134 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.35137 0.01613 21.79 <2e-16 * Output:regressor 0.38962 0.03368 11.57 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.09308 on 147 degrees of freedom Output:Multiple R-squared: 0.4765, Adjusted R-squared: 0.4729 Output:F-statistic: 133.8 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 1.1593 1.15926 133.79 < 2.2e-16 Output:Residuals 147 1.2737 0.00866 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01643885 Output:[1] 0.05159722 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0002600742 -0.0004786539 Output:regressor -0.0004786539 0.0011346389 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.351370 0.024838 14.1467 < 2.2e-16 * Output:regressor 0.389625 0.042315 9.2077 3.129e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	ES	0.3214	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.33221 -0.06792 0.00323 0.06345 0.24641 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.24583 0.03316 7.413 8.99e-12 * Output:regressor 0.42536 0.05045 8.431 2.91e-14 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1056 on 147 degrees of freedom Output:Multiple R-squared: 0.326, Adjusted R-squared: 0.3214 Output:F-statistic: 71.09 on 1 and 147 DF, p-value: 2.908e-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 0.79304 0.79304 71.087 2.908e-14 Output:Residuals 147 1.63991 0.01116 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01643885 Output:[1] 0.02961505 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001099643 -0.001615019 Output:regressor -0.001615019 0.002545238 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.245831 0.028470 8.6346 8.977e-15 * Output:regressor 0.425364 0.047886 8.8829 2.113e-15 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	FR	0.1328	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.33615 -0.07646 -0.00020 0.07472 0.30626 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.40906 0.02401 17.034 < 2e-16 * Output:regressor 0.29118 0.05987 4.864 2.93e-06 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1194 on 147 degrees of freedom Output:Multiple R-squared: 0.1386, Adjusted R-squared: 0.1328 Output:F-statistic: 23.66 on 1 and 147 DF, p-value: 2.931e-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 0.33725 0.33725 23.656 2.931e-06 Output:Residuals 147 2.09570 0.01426 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01643885 Output:[1] 0.02687587 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0005767021 -0.001313035 Output:regressor -0.0013130346 0.003584168 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.409064 0.028547 14.3296 < 2.2e-16 * Output:regressor 0.291180 0.071567 4.0686 7.688e-05 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	GB	0.0450	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.37756 -0.08444 0.00049 0.07871 0.30045 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.47207 0.01856 25.433 <2e-16 * Output:regressor 1.07713 0.38142 2.824 0.0054 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1253 on 147 degrees of freedom Output:Multiple R-squared: 0.05146, Adjusted R-squared: 0.04501 Output:F-statistic: 7.975 on 1 and 147 DF, p-value: 0.005402 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.1252 0.125197 7.9748 0.005402 * Output:Residuals 147 2.3077 0.015699 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01643885 Output:[1] 0.0007291182 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0003445026 -0.005898375 Output:regressor -0.0058983753 0.145482992 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.472065 0.021463 21.9942 < 2.2e-16 Output:regressor 1.077127 0.367782 2.9287 0.003946 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	CH	0.0098	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.33589 -0.07997 0.00275 0.07707 0.30483 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.48920 0.01988 24.607 <2e-16 * Output:regressor 0.12179 0.07764 1.569 0.119 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1276 on 147 degrees of freedom Output:Multiple R-squared: 0.01647, Adjusted R-squared: 0.009776 Output:F-statistic: 2.461 on 1 and 147 DF, p-value: 0.1188 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.04006 0.040063 2.4611 0.1188 Output:Residuals 147 2.39289 0.016278 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01643885 Output:[1] 0.01824825 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0003952557 -0.001312952 Output:regressor -0.0013129517 0.006027286 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.489204 0.027781 17.6094 <2e-16 * Output:regressor 0.121795 0.106918 1.1391 0.2565 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	IT	-0.0038	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.303914 -0.086689 0.001397 0.087647 0.300933 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.52957 0.02350 22.533 <2e-16 * Output:regressor -0.02743 0.04166 -0.659 0.511 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1285 on 147 degrees of freedom Output:Multiple R-squared: 0.002942, Adjusted R-squared: -0.003841 Output:F-statistic: 0.4337 on 1 and 147 DF, p-value: 0.5112 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.00716 0.007157 0.4337 0.5112 Output:Residuals 147 2.42579 0.016502 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01643885 Output:[1] 0.06425055 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0005523665 -0.0008754286 Output:regressor -0.0008754286 0.0017353925 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.529575 0.037003 14.3118 <2e-16 * Output:regressor -0.027434 0.057535 -0.4768 0.6342 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		0.1959		-0.0068		0.5129		0.4175		-0.0059		0.1154
DE		0.1959		1.0000		0.4616		-0.0017		0.0416		0.1213		0.9688
ES		-0.0068		0.4616		1.0000		0.2959		0.0377		0.0082		0.5103
FR		0.5129		-0.0017		0.2959		1.0000		0.1930		0.0834		-0.0067
GB		0.4175		0.0416		0.0377		0.1930		1.0000		0.3985		0.0991
IT		-0.0059		0.1213		0.0082		0.0834		0.3985		1.0000		0.1569
RO		0.1154		0.9688		0.5103		-0.0067		0.0991		0.1569		1.0000

Correlations for CH

Regressand	Regressor	R	R-Analysis Output
CH	CH	1.0000	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Error:Warning message: Error:In summary.lm(ols) : essentially perfect fit: summary may be unreliable Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.950e-16 -6.019e-17 3.570e-18 3.175e-17 5.352e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 7.276e-17 7.889e-18 9.223e+00 2.86e-16 * Output:regressor 1.000e+00 6.311e-18 1.585e+17 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 9.284e-17 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 2.511e+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 1 216.41 216.41 2.5107e+34 < 2.2e-16 Output:Residuals 147 0.00 0.00 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Error:Warning message: Error:In anova.lm(ols) : Error: ANOVA F-tests on an essentially perfect fit are unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.462219 Output:[1] 1.462219 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 6.223709e-35 1.322015e-35 Output:regressor 1.322015e-35 3.982988e-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 6.6968e-18 1.0865e+01 < 2.2e-16 * Output:regressor 1.0000e+00 5.3152e-18 1.8814e+17 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Error:Warning message: Error:In summary.lm(x) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------"
CH	FR	0.5129	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.7896 -0.6145 -0.1515 0.7931 1.5870 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -1.03402 0.08902 -11.62 <2e-16 * Output:regressor 0.76395 0.06101 12.52 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.844 on 147 degrees of freedom Output:Multiple R-squared: 0.5161, Adjusted R-squared: 0.5129 Output:F-statistic: 156.8 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 1 111.70 111.698 156.81 < 2.2e-16 Output:Residuals 147 104.71 0.712 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.462219 Output:[1] 1.293146 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.007924305 -0.003420577 Output:regressor -0.003420577 0.003721896 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -1.03402 1.04501 -0.9895 0.32405 Output:regressor 0.76395 0.39435 1.9372 0.05463 . Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	GB	0.4175	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.64673 -0.86933 0.01334 0.69562 1.84803 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.89347 0.09307 -9.60 <2e-16 * Output:regressor 3.42575 0.33108 10.35 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.9229 on 147 degrees of freedom Output:Multiple R-squared: 0.4214, Adjusted R-squared: 0.4175 Output:F-statistic: 107.1 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 91.196 91.196 107.06 < 2.2e-16 Output:Residuals 147 125.212 0.852 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.462219 Output:[1] 0.05250536 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.008662058 -0.01796813 Output:regressor -0.017968132 0.10961367 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.89347 1.32022 -0.6768 0.4996 Output:regressor 3.42575 2.38916 1.4339 0.1537 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	DE	0.1959	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.84317 -0.73742 -0.04526 0.75832 1.88678 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.7374 0.1968 3.746 0.000257 * Output:regressor -0.1376 0.0226 -6.087 9.52e-09 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.084 on 147 degrees of freedom Output:Multiple R-squared: 0.2013, Adjusted R-squared: 0.1959 Output:F-statistic: 37.06 on 1 and 147 DF, p-value: 9.515e-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 43.571 43.571 37.058 9.515e-09 Output:Residuals 147 172.837 1.176 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.462219 Output:[1] 15.55713 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.03874787 -0.0039695403 Output:regressor -0.00396954 0.0005106567 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.73742 1.26166 0.5845 0.5598 Output:regressor -0.13756 0.31448 -0.4374 0.6624 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	RO	0.1154	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.96895 -0.75664 0.09482 0.77779 1.80550 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.52859 0.21251 2.487 0.014 * Output:regressor -0.28572 0.06342 -4.505 1.34e-05 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.137 on 147 degrees of freedom Output:Multiple R-squared: 0.1213, Adjusted R-squared: 0.1154 Output:F-statistic: 20.3 on 1 and 147 DF, p-value: 1.341e-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 26.258 26.2581 20.299 1.341e-05 * Output:Residuals 147 190.150 1.2935 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.462219 Output:[1] 2.173228 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.04515925 -0.012112129 Output:regressor -0.01211213 0.004021727 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.52859 1.42456 0.3711 0.7111 Output:regressor -0.28572 0.91577 -0.3120 0.7555 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	IT	-0.0059	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-2.0836 -1.1228 0.3286 1.0657 1.7426 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.32296 0.10254 -3.150 0.00198 Output:regressor -0.03574 0.10118 -0.353 0.72445 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.213 on 147 degrees of freedom Output:Multiple R-squared: 0.0008479, Adjusted R-squared: -0.005949 Output:F-statistic: 0.1247 on 1 and 147 DF, p-value: 0.7244 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.183 0.1835 0.1247 0.7244 Output:Residuals 147 216.225 1.4709 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.462219 Output:[1] 0.9707453 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.010514454 -0.002564811 Output:regressor -0.002564811 0.010238147 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.322962 1.732530 -0.1864 0.8524 Output:regressor -0.035738 0.777610 -0.0460 0.9634 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	ES	-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:-2.0932 -1.0510 0.3278 1.0293 1.7668 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.327756 0.242011 -1.354 0.178 Output:regressor -0.001652 0.087622 -0.019 0.985 Output: Output:Residual standard error: 1.213 on 147 degrees of freedom Output:Multiple R-squared: 2.417e-06, Adjusted R-squared: -0.0068 Output:F-statistic: 0.0003553 on 1 and 147 DF, p-value: 0.985 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.001 0.00052 4e-04 0.985 Output:Residuals 147 216.408 1.47216 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.462219 Output:[1] 1.295576 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.05856923 -0.019334399 Output:regressor -0.01933440 0.007677697 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.3277560 3.1804130 -0.1031 0.9181 Output:regressor -0.0016517 0.6752164 -0.0024 0.9981 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:-5.079e-15 -7.410e-16 -2.010e-16 1.130e-16 5.132e-14 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.048e-14 7.840e-16 1.337e+01 <2e-16 * Output:regressor 1.000e+00 9.000e-17 1.111e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 4.319e-15 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 1.234e+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 2302.5 2302.5 1.2345e+32 < 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] 15.55713 Output:[1] 15.55713 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 6.146569e-31 -6.296875e-32 Output:regressor -6.296875e-32 8.100539e-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) 1.0478e-14 1.5553e-15 6.7370e+00 3.412e-10 * Output:regressor 1.0000e+00 1.5875e-16 6.2991e+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] "-------------------------------------------------------------------------------------------"
DE	RO	0.9688	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.66979 -0.56916 -0.00402 0.59087 1.56547 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.15875 0.13011 -1.22 0.224 Output:regressor 2.63380 0.03883 67.83 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.6964 on 147 degrees of freedom Output:Multiple R-squared: 0.969, Adjusted R-squared: 0.9688 Output:F-statistic: 4601 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 2231.17 2231.17 4601.3 < 2.2e-16 * Output:Residuals 147 71.28 0.48 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] 15.55713 Output:[1] 2.173228 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.016928735 -0.004540443 Output:regressor -0.004540443 0.001507615 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.15875 0.59807 -0.2654 0.791 Output:regressor 2.63380 0.20261 12.9994 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	ES	0.4616	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-5.7729 -2.0375 0.1761 2.5769 4.6622 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.8211 0.5772 3.155 0.00195 Output:regressor 2.3637 0.2090 11.310 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 2.894 on 147 degrees of freedom Output:Multiple R-squared: 0.4653, Adjusted R-squared: 0.4616 Output:F-statistic: 127.9 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 1071.3 1071.27 127.91 < 2.2e-16 Output:Residuals 147 1231.2 8.38 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 15.55713 Output:[1] 1.295576 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.3332109 -0.1099969 Output:regressor -0.1099969 0.0436798 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.8211 4.0005 0.4552 0.64963 Output:regressor 2.3637 0.9350 2.5280 0.01253 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	CH	0.1959	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-7.8936 -1.8514 -0.2668 2.4024 6.5703 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 7.2876 0.3005 24.248 < 2e-16 * Output:regressor -1.4636 0.2404 -6.087 9.52e-09 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 3.537 on 147 degrees of freedom Output:Multiple R-squared: 0.2013, Adjusted R-squared: 0.1959 Output:F-statistic: 37.06 on 1 and 147 DF, p-value: 9.515e-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 1 463.57 463.57 37.058 9.515e-09 Output:Residuals 147 1838.89 12.51 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 15.55713 Output:[1] 1.462219 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.09032413 0.01918628 Output:regressor 0.01918628 0.05780474 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 7.2876 3.2440 2.2465 0.02616 * Output:regressor -1.4636 1.4259 -1.0264 0.30637 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	IT	0.1213	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-8.818 -2.208 1.522 2.509 5.426 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 8.1311 0.3126 26.011 < 2e-16 * Output:regressor -1.4279 0.3085 -4.629 8.01e-06 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 3.697 on 147 degrees of freedom Output:Multiple R-squared: 0.1272, Adjusted R-squared: 0.1213 Output:F-statistic: 21.43 on 1 and 147 DF, p-value: 8.006e-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 1 292.93 292.93 21.428 8.006e-06 Output:Residuals 147 2009.52 13.67 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 15.55713 Output:[1] 0.9707453 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.09771795 -0.02383652 Output:regressor -0.02383652 0.09515004 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 8.1311 3.5916 2.2639 0.02504 * Output:regressor -1.4279 1.3225 -1.0797 0.28205 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	GB	0.0416	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-7.650 -3.305 1.204 3.615 4.242 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 7.1548 0.3894 18.374 < 2e-16 * Output:regressor 3.7738 1.3852 2.724 0.00722 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 3.861 on 147 degrees of freedom Output:Multiple R-squared: 0.04806, Adjusted R-squared: 0.04159 Output:F-statistic: 7.422 on 1 and 147 DF, p-value: 0.007224 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 110.67 110.67 7.4222 0.007224 * Output:Residuals 147 2191.79 14.91 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 15.55713 Output:[1] 0.05250536 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.1516256 -0.3145245 Output:regressor -0.3145245 1.9187403 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 7.1548 15.3688 0.4655 0.6422 Output:regressor 3.7738 14.1928 0.2659 0.7907 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	FR	-0.0017	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-8.498 -2.880 1.171 2.783 5.600 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 8.0004 0.4164 19.215 <2e-16 * Output:regressor -0.2470 0.2854 -0.866 0.388 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 3.948 on 147 degrees of freedom Output:Multiple R-squared: 0.005073, Adjusted R-squared: -0.001695 Output:F-statistic: 0.7495 on 1 and 147 DF, p-value: 0.388 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 11.68 11.680 0.7495 0.388 Output:Residuals 147 2290.78 15.584 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 15.55713 Output:[1] 1.293146 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.17336158 -0.07483264 Output:regressor -0.07483264 0.08142465 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 8.00045 4.78233 1.6729 0.09647 . Output:regressor -0.24704 2.61594 -0.0944 0.92489 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"

Correlations for ES

Regressand	Regressor	R	R-Analysis Output
ES	ES	1.0000	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Error:Warning message: Error:In summary.lm(ols) : essentially perfect fit: summary may be unreliable Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-2.445e-15 -1.271e-17 1.897e-17 3.926e-17 2.634e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -1.164e-15 4.237e-17 -2.748e+01 <2e-16 * Output:regressor 1.000e+00 1.534e-17 6.518e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 2.124e-16 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 4.249e+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 1 191.75 191.75 4.249e+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] 1.295576 Output:[1] 1.295576 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.795347e-33 -5.926654e-34 Output:regressor -5.926654e-34 2.353476e-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) -1.1642e-15 7.6314e-17 -1.5255e+01 < 2.2e-16 * Output:regressor 1.0000e+00 2.4976e-17 4.0038e+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	RO	0.5103	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.1877 -0.6288 -0.2322 0.6348 1.9750 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.85176 0.14883 5.723 5.67e-08 * Output:regressor 0.55335 0.04441 12.459 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.7965 on 147 degrees of freedom Output:Multiple R-squared: 0.5136, Adjusted R-squared: 0.5103 Output:F-statistic: 155.2 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 98.483 98.483 155.23 < 2.2e-16 Output:Residuals 147 93.262 0.634 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.295576 Output:[1] 2.173228 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.022149082 -0.005940589 Output:regressor -0.005940589 0.001972521 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.85176 1.77933 0.4787 0.6329 Output:regressor 0.55335 0.42565 1.3000 0.1956 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	DE	0.4616	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.3190 -0.6402 -0.1733 0.6878 1.9844 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.9881 0.1516 6.517 1.07e-09 * Output:regressor 0.1968 0.0174 11.310 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.8352 on 147 degrees of freedom Output:Multiple R-squared: 0.4653, Adjusted R-squared: 0.4616 Output:F-statistic: 127.9 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 89.214 89.214 127.91 < 2.2e-16 Output:Residuals 147 102.531 0.697 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.295576 Output:[1] 15.55713 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.022986157 -0.0023548255 Output:regressor -0.002354825 0.0003029337 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.98811 1.90506 0.5187 0.6048 Output:regressor 0.19684 0.22247 0.8848 0.3777 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	FR	0.2959	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-2.0139 -0.7548 0.1841 0.8004 1.6292 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.01385 0.10074 19.99 < 2e-16 * Output:regressor 0.54883 0.06904 7.95 4.54e-13 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.9551 on 147 degrees of freedom Output:Multiple R-squared: 0.3007, Adjusted R-squared: 0.2959 Output:F-statistic: 63.2 on 1 and 147 DF, p-value: 4.537e-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 57.649 57.649 63.197 4.537e-13 Output:Residuals 147 134.096 0.912 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.295576 Output:[1] 1.293146 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.010148148 -0.004380513 Output:regressor -0.004380513 0.004766393 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.01385 2.75705 0.7304 0.4663 Output:regressor 0.54883 1.25642 0.4368 0.6629 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	GB	0.0377	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-2.47839 -0.56655 0.04646 0.93217 2.01432 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.3470 0.1126 20.844 <2e-16 *** Output:regressor 1.0448 0.4005 2.608 0.01 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.117 on 147 degrees of freedom Output:Multiple R-squared: 0.04424, Adjusted R-squared: 0.03773 Output:F-statistic: 6.804 on 1 and 147 DF, p-value: 0.01004 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 8.482 8.4821 6.8037 0.01004 Output:Residuals 147 183.263 1.2467 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.295576 Output:[1] 0.05250536 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.01267795 -0.02629848 Output:regressor -0.02629848 0.16043255 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.3470 1.3839 1.6959 0.09202 . Output:regressor 1.0448 4.3276 0.2414 0.80957 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	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:-2.56249 -0.76205 -0.00104 0.76731 2.33897 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.48292 0.09584 25.907 <2e-16 * Output:regressor 0.14107 0.09457 1.492 0.138 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.134 on 147 degrees of freedom Output:Multiple R-squared: 0.01491, Adjusted R-squared: 0.00821 Output:F-statistic: 2.225 on 1 and 147 DF, p-value: 0.1379 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 2.859 2.8591 2.2251 0.1379 Output:Residuals 147 188.886 1.2849 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.295576 Output:[1] 0.9707453 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.009185045 -0.002240526 Output:regressor -0.002240526 0.008943673 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.48292 2.53649 0.9789 0.3292 Output:regressor 0.14107 0.95719 0.1474 0.8830 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	CH	-0.0068	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-2.62538 -0.72749 -0.04138 0.83036 2.32337 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.517769 0.097048 25.944 <2e-16 * Output:regressor -0.001463 0.077637 -0.019 0.985 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.142 on 147 degrees of freedom Output:Multiple R-squared: 2.417e-06, Adjusted R-squared: -0.0068 Output:F-statistic: 0.0003553 on 1 and 147 DF, p-value: 0.985 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.00 0.00046 4e-04 0.985 Output:Residuals 147 191.75 1.30439 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.295576 Output:[1] 1.462219 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.009418302 0.002000597 Output:regressor 0.002000597 0.006027431 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.5177694 2.2648607 1.1117 0.2681 Output:regressor -0.0014635 0.7730482 -0.0019 0.9985 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:-1.659e-16 -3.588e-17 -1.056e-17 4.029e-17 5.412e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.455e-16 8.843e-18 1.646e+01 <2e-16 * Output:regressor 1.000e+00 6.061e-18 1.650e+17 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 8.384e-17 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 2.723e+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 1 191.39 191.39 2.7226e+34 < 2.2e-16 Output:Residuals 147 0.00 0.00 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Error:Warning message: Error:In anova.lm(ols) : Error: ANOVA F-tests on an essentially perfect fit are unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.293146 Output:[1] 1.293146 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 7.820257e-35 -3.375664e-35 Output:regressor -3.375664e-35 3.673027e-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) 1.4552e-16 1.2969e-17 1.1221e+01 < 2.2e-16 * Output:regressor 1.0000e+00 8.0299e-18 1.2453e+17 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Error:Warning message: Error:In summary.lm(x) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------"
FR	CH	0.5129	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.5239 -0.5279 -0.1282 0.5301 1.9448 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.14329 0.06744 16.95 <2e-16 * Output:regressor 0.67562 0.05395 12.52 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.7937 on 147 degrees of freedom Output:Multiple R-squared: 0.5161, Adjusted R-squared: 0.5129 Output:F-statistic: 156.8 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 98.782 98.782 156.81 < 2.2e-16 Output:Residuals 147 92.603 0.630 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.293146 Output:[1] 1.462219 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0045485699 0.0009661886 Output:regressor 0.0009661886 0.0029109486 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.14329 0.99036 1.1544 0.25020 Output:regressor 0.67562 0.29147 2.3180 0.02183 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	ES	0.2959	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.9265 -0.8516 0.2771 0.7546 1.2686 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.46047 0.19033 -2.419 0.0168 * Output:regressor 0.54781 0.06891 7.950 4.54e-13 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.9542 on 147 degrees of freedom Output:Multiple R-squared: 0.3007, Adjusted R-squared: 0.2959 Output:F-statistic: 63.2 on 1 and 147 DF, p-value: 4.537e-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 57.541 57.541 63.197 4.537e-13 * Output:Residuals 147 133.845 0.911 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.293146 Output:[1] 1.295576 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.03622408 -0.011958000 Output:regressor -0.01195800 0.004748526 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.46047 1.67240 -0.2753 0.7834 Output:regressor 0.54781 0.33494 1.6355 0.1041 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	GB	0.1930	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.8565 -0.8147 0.0141 0.6237 2.2715 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.5566 0.1030 5.403 2.58e-07 * Output:regressor 2.2108 0.3665 6.033 1.25e-08 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.022 on 147 degrees of freedom Output:Multiple R-squared: 0.1985, Adjusted R-squared: 0.193 Output:F-statistic: 36.4 on 1 and 147 DF, p-value: 1.248e-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 37.982 37.982 36.397 1.248e-08 Output:Residuals 147 153.403 1.044 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.293146 Output:[1] 0.05250536 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.01061227 -0.02201355 Output:regressor -0.02201355 0.13429255 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.55663 2.51837 0.2210 0.8254 Output:regressor 2.21084 5.88162 0.3759 0.7075 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	IT	0.0834	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-2.0432 -0.7501 0.0872 1.0298 1.5656 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.83248 0.09205 9.044 8.2e-16 * Output:regressor 0.34555 0.09083 3.804 0.000208 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.089 on 147 degrees of freedom Output:Multiple R-squared: 0.08963, Adjusted R-squared: 0.08344 Output:F-statistic: 14.47 on 1 and 147 DF, p-value: 0.0002079 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 17.155 17.1547 14.474 0.0002079 Output:Residuals 147 174.231 1.1852 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.293146 Output:[1] 0.9707453 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.008472394 -0.002066687 Output:regressor -0.002066687 0.008249750 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.83248 1.08776 0.7653 0.4453 Output:regressor 0.34555 0.37451 0.9227 0.3577 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	DE	-0.0017	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-2.0355 -0.9363 0.2303 0.9674 1.7648 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.07867 0.20661 5.221 5.98e-07 * Output:regressor -0.02053 0.02372 -0.866 0.388 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.138 on 147 degrees of freedom Output:Multiple R-squared: 0.005073, Adjusted R-squared: -0.001695 Output:F-statistic: 0.7495 on 1 and 147 DF, p-value: 0.388 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.971 0.9709 0.7495 0.388 Output:Residuals 147 190.415 1.2953 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.293146 Output:[1] 15.55713 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.042688475 -0.0043732368 Output:regressor -0.004373237 0.0005625898 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.078667 56.092178 0.0192 0.9847 Output:regressor -0.020535 9.238471 -0.0022 0.9982 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	RO	-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:-2.1065 -0.9382 0.2634 0.9592 1.7911 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.894824 0.213185 4.197 4.65e-05 * Output:regressor 0.008041 0.063619 0.126 0.9 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.141 on 147 degrees of freedom Output:Multiple R-squared: 0.0001087, Adjusted R-squared: -0.006693 Output:F-statistic: 0.01598 on 1 and 147 DF, p-value: 0.8996 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- 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 0.0208 0.016 0.8996 Output:Residuals 147 191.365 1.3018 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.293146 Output:[1] 2.173228 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.04544769 -0.012189491 Output:regressor -0.01218949 0.004047414 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.8948244 6.1711598 0.145 0.8849 Output:regressor 0.0080411 2.6397518 0.003 0.9976 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:-4.853e-17 -8.366e-18 1.910e-19 4.982e-18 7.891e-17 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -3.638e-17 1.520e-18 -2.394e+01 <2e-16 * Output:regressor 1.000e+00 5.406e-18 1.850e+17 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.507e-17 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 3.422e+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 7.7708 7.7708 3.4216e+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] 0.05250536 Output:[1] 0.05250536 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.309523e-36 -4.790758e-36 Output:regressor -4.790758e-36 2.922577e-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) -3.6381e-17 1.6408e-18 -2.2172e+01 < 2.2e-16 * Output:regressor 1.0000e+00 6.1275e-18 1.6320e+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] "-------------------------------------------------------------------------------------------"
GB	CH	0.4175	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.31598 -0.15411 0.01048 0.16778 0.28543 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.20475 0.01486 13.78 <2e-16 * Output:regressor 0.12301 0.01189 10.35 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1749 on 147 degrees of freedom Output:Multiple R-squared: 0.4214, Adjusted R-squared: 0.4175 Output:F-statistic: 107.1 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 3.2747 3.2747 107.06 < 2.2e-16 Output:Residuals 147 4.4961 0.0306 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.05250536 Output:[1] 1.462219 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.000220845 0.0000469110 Output:regressor 0.000046911 0.0001413342 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.20475 0.19053 1.0746 0.2843 Output:regressor 0.12301 0.10967 1.1216 0.2638 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	IT	0.3985	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.28788 -0.14632 -0.00482 0.16550 0.34573 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.20089 0.01503 13.370 <2e-16 * Output:regressor -0.14756 0.01483 -9.952 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1777 on 147 degrees of freedom Output:Multiple R-squared: 0.4026, Adjusted R-squared: 0.3985 Output:F-statistic: 99.05 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 3.1281 3.12814 99.046 < 2.2e-16 Output:Residuals 147 4.6427 0.03158 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.05250536 Output:[1] 0.9707453 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.257604e-04 -5.507016e-05 Output:regressor -5.507016e-05 2.198277e-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) 0.200888 0.154483 1.3004 0.19550 Output:regressor -0.147557 0.081171 -1.8178 0.07112 . Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	FR	0.1930	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.38915 -0.18231 0.02083 0.18163 0.32843 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.08142 0.02171 3.750 0.000253 * Output:regressor 0.08977 0.01488 6.033 1.25e-08 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2058 on 147 degrees of freedom Output:Multiple R-squared: 0.1985, Adjusted R-squared: 0.193 Output:F-statistic: 36.4 on 1 and 147 DF, p-value: 1.248e-08 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 1.5422 1.54219 36.397 1.248e-08 Output:Residuals 147 6.2286 0.04237 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.05250536 Output:[1] 1.293146 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0004713691 -0.0002034695 Output:regressor -0.0002034695 0.0002213932 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.081423 0.118434 0.6875 0.4929 Output:regressor 0.089766 0.180110 0.4984 0.6189 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	RO	0.0991	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.34576 -0.19492 -0.03742 0.21158 0.35158 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.01213 0.04064 0.299 0.766 Output:regressor 0.05040 0.01213 4.156 5.48e-05 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2175 on 147 degrees of freedom Output:Multiple R-squared: 0.1051, Adjusted R-squared: 0.09906 Output:F-statistic: 17.27 on 1 and 147 DF, p-value: 5.477e-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 0.8170 0.81705 17.272 5.477e-05 * Output:Residuals 147 6.9537 0.04730 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.05250536 Output:[1] 2.173228 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0016514618 -0.0004429373 Output:regressor -0.0004429373 0.0001470735 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.012131 0.175253 0.0692 0.9449 Output:regressor 0.050401 0.060417 0.8342 0.4055 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	DE	0.0416	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.35097 -0.19604 -0.04001 0.22946 0.37484 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.064917 0.040723 1.594 0.11306 Output:regressor 0.012736 0.004675 2.724 0.00722 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2243 on 147 degrees of freedom Output:Multiple R-squared: 0.04806, Adjusted R-squared: 0.04159 Output:F-statistic: 7.422 on 1 and 147 DF, p-value: 0.007224 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.3735 0.37350 7.4222 0.007224 Output:Residuals 147 7.3973 0.05032 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.05250536 Output:[1] 15.55713 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001658377 -1.698930e-04 Output:regressor -0.000169893 2.185568e-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) 0.064917 0.205238 0.3163 0.7522 Output:regressor 0.012736 0.038727 0.3289 0.7427 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	ES	0.0377	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.30081 -0.21356 -0.02646 0.21050 0.37520 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.05730 0.04483 1.278 0.203 Output:regressor 0.04234 0.01623 2.608 0.010 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2248 on 147 degrees of freedom Output:Multiple R-squared: 0.04424, Adjusted R-squared: 0.03773 Output:F-statistic: 6.804 on 1 and 147 DF, p-value: 0.01004 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.3438 0.34375 6.8037 0.01004 Output:Residuals 147 7.4270 0.05052 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.05250536 Output:[1] 1.295576 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0020100753 -0.0006635497 Output:regressor -0.0006635497 0.0002634958 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.057297 0.175639 0.3262 0.7447 Output:regressor 0.042341 0.071004 0.5963 0.5519 Output: Output:[1] "-------------------------------------------------------------------------------------------"

Correlations for IT

Regressand	Regressor	R	R-Analysis Output
IT	IT	1.0000	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Error:Warning message: Error:In summary.lm(ols) : essentially perfect fit: summary may be unreliable Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.891e-16 -7.083e-18 5.021e-18 2.498e-17 2.594e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.000e+00 4.874e-18 0.000e+00 1 Output:regressor 1.000e+00 4.810e-18 2.079e+17 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 5.765e-17 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 4.322e+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 1 143.67 143.67 4.3224e+34 < 2.2e-16 * Output:Residuals 147 0.00 0.00 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Error:Warning message: Error:In anova.lm(ols) : Error: ANOVA F-tests on an essentially perfect fit are unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.9707453 Output:[1] 0.9707453 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.375979e-35 -5.795772e-36 Output:regressor -5.795772e-36 2.313541e-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 3.9662e-18 0.0000e+00 1 Output:regressor 1.0000e+00 5.3568e-18 1.8668e+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] "-------------------------------------------------------------------------------------------"
IT	GB	0.3985	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.9266 -0.5952 0.1108 0.5094 1.8391 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.69771 0.07706 9.054 7.73e-16 * Output:regressor -2.72810 0.27412 -9.952 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.7641 on 147 degrees of freedom Output:Multiple R-squared: 0.4026, Adjusted R-squared: 0.3985 Output:F-statistic: 99.05 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 57.835 57.835 99.046 < 2.2e-16 Output:Residuals 147 85.836 0.584 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.9707453 Output:[1] 0.05250536 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.005938025 -0.01231754 Output:regressor -0.012317536 0.07514249 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.69771 0.73979 0.9431 0.34716 Output:regressor -2.72810 1.40812 -1.9374 0.05461 . Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	RO	0.1569	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.58050 -0.77535 -0.08218 0.87653 1.95840 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.06204 0.16904 6.283 3.56e-09 * Output:regressor -0.26946 0.05045 -5.342 3.43e-07 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.9047 on 147 degrees of freedom Output:Multiple R-squared: 0.1625, Adjusted R-squared: 0.1569 Output:F-statistic: 28.53 on 1 and 147 DF, p-value: 3.433e-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 23.353 23.3535 28.533 3.433e-07 Output:Residuals 147 120.317 0.8185 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.9707453 Output:[1] 2.173228 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.028574335 -0.007663901 Output:regressor -0.007663901 0.002544732 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.06204 3.26216 0.3256 0.7452 Output:regressor -0.26946 0.82224 -0.3277 0.7436 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	DE	0.1213	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.6468 -0.8110 -0.1820 0.9119 2.0139 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.94312 0.16766 5.625 9.08e-08 * Output:regressor -0.08910 0.01925 -4.629 8.01e-06 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.9236 on 147 degrees of freedom Output:Multiple R-squared: 0.1272, Adjusted R-squared: 0.1213 Output:F-statistic: 21.43 on 1 and 147 DF, p-value: 8.006e-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 18.279 18.279 21.428 8.006e-06 Output:Residuals 147 125.392 0.853 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.9707453 Output:[1] 15.55713 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.028111188 -0.0028798612 Output:regressor -0.002879861 0.0003704763 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.943121 3.379652 0.2791 0.7806 Output:regressor -0.089099 0.323907 -0.2751 0.7836 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	FR	0.0834	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.74008 -0.83364 -0.06004 0.88981 1.86601 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.01212 0.09949 0.122 0.903223 Output:regressor 0.25940 0.06818 3.804 0.000208 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.9433 on 147 degrees of freedom Output:Multiple R-squared: 0.08963, Adjusted R-squared: 0.08344 Output:F-statistic: 14.47 on 1 and 147 DF, p-value: 0.0002079 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 12.878 12.8778 14.474 0.0002079 * Output:Residuals 147 130.793 0.8897 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.9707453 Output:[1] 1.293146 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.009898131 -0.004272592 Output:regressor -0.004272592 0.004648965 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.012118 0.815562 0.0149 0.9882 Output:regressor 0.259398 0.622892 0.4164 0.6777 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	ES	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:-2.03344 -0.76181 -0.08621 0.90919 2.07984 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.01566 0.19571 -0.080 0.936 Output:regressor 0.10570 0.07086 1.492 0.138 Output: Output:Residual standard error: 0.9812 on 147 degrees of freedom Output:Multiple R-squared: 0.01491, Adjusted R-squared: 0.00821 Output:F-statistic: 2.225 on 1 and 147 DF, p-value: 0.1379 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 2.142 2.14226 2.2251 0.1379 Output:Residuals 147 141.528 0.96278 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.9707453 Output:[1] 1.295576 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.03830355 -0.012644456 Output:regressor -0.01264446 0.005021118 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.015663 0.664386 -0.0236 0.9812 Output:regressor 0.105700 0.425091 0.2487 0.8040 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	CH	-0.0059	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-2.0164 -0.7304 -0.2340 0.9111 2.2405 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.24264 0.08397 2.890 0.00444 Output:regressor -0.02373 0.06717 -0.353 0.72445 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.9882 on 147 degrees of freedom Output:Multiple R-squared: 0.0008479, Adjusted R-squared: -0.005949 Output:F-statistic: 0.1247 on 1 and 147 DF, p-value: 0.7244 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.122 0.12182 0.1247 0.7244 Output:Residuals 147 143.548 0.97652 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.9707453 Output:[1] 1.462219 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.007050948 0.001497734 Output:regressor 0.001497734 0.004512396 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.242640 0.888031 0.2732 0.7851 Output:regressor -0.023726 0.535528 -0.0443 0.9647 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:-4.860e-16 -5.170e-17 -2.550e-17 2.450e-17 3.745e-15 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 5.821e-16 6.094e-17 9.551e+00 <2e-16 * Output:regressor 1.000e+00 1.819e-17 5.498e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 3.262e-16 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 3.023e+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 1 321.64 321.64 3.0233e+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] 2.173228 Output:[1] 2.173228 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 3.714083e-33 -9.961515e-34 Output:regressor -9.961515e-34 3.307634e-34 Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 5.8210e-16 1.2512e-16 4.6523e+00 7.259e-06 * Output:regressor 1.0000e+00 3.3316e-17 3.0016e+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	0.9688	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.55739 -0.20845 -0.01028 0.19956 0.58982 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.151646 0.047248 3.21 0.00163 Output:regressor 0.367925 0.005424 67.83 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2603 on 147 degrees of freedom Output:Multiple R-squared: 0.969, Adjusted R-squared: 0.9688 Output:F-statistic: 4601 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 1 311.680 311.680 4601.3 < 2.2e-16 Output:Residuals 147 9.958 0.068 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.173228 Output:[1] 15.55713 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0022323419 -2.286931e-04 Output:regressor -0.0002286931 2.941995e-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) 0.151646 0.266648 0.5687 0.5704 Output:regressor 0.367925 0.038019 9.6774 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	ES	0.5103	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-2.3229 -0.8958 0.2931 0.8799 1.4757 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.6742 0.2058 3.277 0.00131 Output:regressor 0.9282 0.0745 12.459 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.032 on 147 degrees of freedom Output:Multiple R-squared: 0.5136, Adjusted R-squared: 0.5103 Output:F-statistic: 155.2 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 165.20 165.198 155.23 < 2.2e-16 Output:Residuals 147 156.44 1.064 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.173228 Output:[1] 1.295576 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.04233941 -0.013976741 Output:regressor -0.01397674 0.005550169 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.67424 0.90718 0.7432 0.458530 Output:regressor 0.92820 0.30841 3.0096 0.003079 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	IT	0.1569	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-3.4871 -0.7560 0.4183 0.8840 2.5949 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 3.1628 0.1144 27.635 < 2e-16 * Output:regressor -0.6032 0.1129 -5.342 3.43e-07 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.354 on 147 degrees of freedom Output:Multiple R-squared: 0.1625, Adjusted R-squared: 0.1569 Output:F-statistic: 28.53 on 1 and 147 DF, p-value: 3.433e-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 52.282 52.282 28.533 3.433e-07 Output:Residuals 147 269.356 1.832 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.173228 Output:[1] 0.9707453 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.013098075 -0.003195038 Output:regressor -0.003195038 0.012753873 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 3.16280 1.53397 2.0618 0.04098 * Output:regressor -0.60324 0.62758 -0.9612 0.33802 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	CH	0.1154	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-3.1341 -0.8129 -0.1782 0.9534 2.7342 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.87072 0.11782 24.365 < 2e-16 * Output:regressor -0.42466 0.09425 -4.505 1.34e-05 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.387 on 147 degrees of freedom Output:Multiple R-squared: 0.1213, Adjusted R-squared: 0.1154 Output:F-statistic: 20.3 on 1 and 147 DF, p-value: 1.341e-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 39.026 39.026 20.299 1.341e-05 Output:Residuals 147 282.612 1.923 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.173228 Output:[1] 1.462219 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.013881579 0.002948668 Output:regressor 0.002948668 0.008883795 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.87072 1.26422 2.2707 0.02462 * Output:regressor -0.42466 0.53857 -0.7885 0.43168 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	GB	0.0991	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-2.9228 -1.2258 0.3788 1.1243 1.9610 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.6697 0.1411 18.920 < 2e-16 * Output:regressor 2.0861 0.5020 4.156 5.48e-05 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.399 on 147 degrees of freedom Output:Multiple R-squared: 0.1051, Adjusted R-squared: 0.09906 Output:F-statistic: 17.27 on 1 and 147 DF, p-value: 5.477e-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 33.818 33.818 17.272 5.477e-05 Output:Residuals 147 287.820 1.958 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.173228 Output:[1] 0.05250536 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.01991105 -0.04130247 Output:regressor -0.04130247 0.25196357 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.6697 4.1480 0.6436 0.5208 Output:regressor 2.0861 4.7014 0.4437 0.6579 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	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:-3.1994 -1.1628 0.3556 0.9914 2.5100 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.99925 0.15601 19.225 <2e-16 * Output:regressor 0.01351 0.10692 0.126 0.9 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: 0.0001087, Adjusted R-squared: -0.006693 Output:F-statistic: 0.01598 on 1 and 147 DF, p-value: 0.8996 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.03 0.03495 0.016 0.8996 Output:Residuals 147 321.60 2.18777 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.173228 Output:[1] 1.293146 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.02433830 -0.01050578 Output:regressor -0.01050578 0.01143124 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.999254 1.477112 2.0305 0.04411 * Output:regressor 0.013514 0.954065 0.0142 0.98872 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"

Index (in comparison 12 month moving average)

Column=Regressor Row=Regressand		CH		DE		ES		FR		GB		IT		RO
CH		1.0000		0.0026		0.1609		0.4090		0.2801		0.0207		0.0198
DE		0.0026		1.0000		0.4636		0.1892		0.1209		0.1395		0.8540
ES		0.1609		0.4636		1.0000		0.6503		0.1852		-0.0036		0.5538
FR		0.4090		0.1892		0.6503		1.0000		0.2318		0.0189		0.2681
GB		0.2801		0.1209		0.1852		0.2318		1.0000		0.2927		0.1975
IT		0.0207		0.1395		-0.0036		0.0189		0.2927		1.0000		0.1769
RO		0.0198		0.8540		0.5538		0.2681		0.1975		0.1769		1.0000

Correlations for CH

Regressand	Regressor	R	R-Analysis Output
CH	CH	1.0000	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Error:Warning message: Error:In summary.lm(ols) : essentially perfect fit: summary may be unreliable Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.953e-15 -8.710e-18 1.472e-17 3.146e-17 2.060e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -4.366e-16 2.955e-17 -1.477e+01 <2e-16 * Output:regressor 1.000e+00 3.307e-17 3.024e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.671e-16 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 9.146e+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 25.526 25.526 9.1462e+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] 0.172475 Output:[1] 0.172475 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 8.732096e-34 8.659843e-34 Output:regressor 8.659843e-34 1.093351e-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 6.7122e-17 -6.5042e+00 1.148e-09 * Output:regressor 1.0000e+00 6.8888e-17 1.4516e+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	FR	0.4090	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.48255 -0.24416 -0.06699 0.20805 0.88768 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.27978 0.05675 -4.93 2.2e-06 * Output:regressor 0.48668 0.04785 10.17 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3193 on 147 degrees of freedom Output:Multiple R-squared: 0.413, Adjusted R-squared: 0.409 Output:F-statistic: 103.4 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 10.543 10.5430 103.44 < 2.2e-16 Output:Residuals 147 14.983 0.1019 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.172475 Output:[1] 0.3007511 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.003221028 0.002410275 Output:regressor 0.002410275 0.002289923 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.27978 0.14093 -1.9853 0.04897 * Output:regressor 0.48668 0.24087 2.0205 0.04515 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	GB	0.2801	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.68044 -0.32073 -0.00252 0.28587 1.03567 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.89523 0.03186 -28.099 < 2e-16 * Output:regressor 3.03592 0.39665 7.654 2.38e-12 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3524 on 147 degrees of freedom Output:Multiple R-squared: 0.285, Adjusted R-squared: 0.2801 Output:F-statistic: 58.58 on 1 and 147 DF, p-value: 2.379e-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 7.274 7.2740 58.583 2.379e-12 Output:Residuals 147 18.252 0.1242 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.172475 Output:[1] 0.005332516 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001015080 -0.005347461 Output:regressor -0.005347461 0.157328147 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.89523 0.13187 -6.7888 2.598e-10 *** Output:regressor 3.03592 1.47021 2.0650 0.04068 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	ES	0.1609	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.60623 -0.32179 -0.05596 0.26734 0.91696 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.61748 0.04482 -13.78 < 2e-16 * Output:regressor 0.29993 0.05533 5.42 2.38e-07 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3804 on 147 degrees of freedom Output:Multiple R-squared: 0.1666, Adjusted R-squared: 0.1609 Output:F-statistic: 29.38 on 1 and 147 DF, p-value: 2.382e-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 4.252 4.2520 29.38 2.382e-07 Output:Residuals 147 21.274 0.1447 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.172475 Output:[1] 0.3193644 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.002008512 0.001782089 Output:regressor 0.001782089 0.003061896 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.61748 0.20893 -2.9554 0.003638 Output:regressor 0.29993 0.46640 0.6431 0.521180 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	IT	0.0207	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.71459 -0.31545 -0.01073 0.32398 0.87061 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.62445 0.08915 -7.004 8.27e-11 *** Output:regressor -0.08434 0.04154 -2.030 0.0441 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.411 on 147 degrees of freedom Output:Multiple R-squared: 0.02727, Adjusted R-squared: 0.02066 Output:F-statistic: 4.122 on 1 and 147 DF, p-value: 0.04414 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.6962 0.69623 4.1218 0.04414 Output:Residuals 147 24.8301 0.16891 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.172475 Output:[1] 0.6613792 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.007948256 -0.003429217 Output:regressor -0.003429217 0.001725633 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.624449 0.275875 -2.2635 0.02507 Output:regressor -0.084337 0.108610 -0.7765 0.43869 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	RO	0.0198	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.63616 -0.35271 -0.06331 0.33252 0.82533 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.67916 0.06583 -10.317 <2e-16 *** Output:regressor 0.13958 0.06993 1.996 0.0478 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4112 on 147 degrees of freedom Output:Multiple R-squared: 0.02639, Adjusted R-squared: 0.01977 Output:F-statistic: 3.984 on 1 and 147 DF, p-value: 0.04777 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.6736 0.67361 3.9843 0.04777 Output:Residuals 147 24.8527 0.16907 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.172475 Output:[1] 0.2336249 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.004333244 0.003954720 Output:regressor 0.003954720 0.004889621 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.67916 0.28927 -2.3478 0.02022 Output:regressor 0.13958 0.70954 0.1967 0.84432 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	DE	0.0026	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.65353 -0.35143 -0.04928 0.33505 0.88220 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.73692 0.05776 -12.76 <2e-16 * Output:regressor 0.03495 0.02962 1.18 0.24 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4148 on 147 degrees of freedom Output:Multiple R-squared: 0.009385, Adjusted R-squared: 0.002646 Output:F-statistic: 1.393 on 1 and 147 DF, p-value: 0.2399 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.2396 0.23956 1.3926 0.2399 Output:Residuals 147 25.2867 0.17202 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.172475 Output:[1] 1.324965 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.003336357 0.001383468 Output:regressor 0.001383468 0.000877222 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.736923 0.180946 -4.0726 7.571e-05 * Output:regressor 0.034952 0.401238 0.0871 0.9307 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:-1.252e-15 -6.095e-17 2.922e-17 8.292e-17 2.832e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.000e+00 1.886e-17 0.000e+00 1 Output:regressor 1.000e+00 9.670e-18 1.034e+17 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.354e-16 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 1.069e+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 1 196.09 196.09 1.0694e+34 < 2.2e-16 * Output:Residuals 147 0.00 0.00 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Error:Warning message: Error:In anova.lm(ols) : Error: ANOVA F-tests on an essentially perfect fit are unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.324965 Output:[1] 1.324965 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 3.556510e-34 1.474758e-34 Output:regressor 1.474758e-34 9.351064e-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 2.5366e-17 0.0000e+00 1 Output:regressor 1.0000e+00 1.1171e-17 8.9519e+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	0.8540	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.34252 -0.18183 0.03923 0.21537 0.88806 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.20389 0.07042 2.895 0.00436 Output:regressor 2.20201 0.07480 29.439 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4398 on 147 degrees of freedom Output:Multiple R-squared: 0.855, Adjusted R-squared: 0.854 Output:F-statistic: 866.6 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 167.657 167.657 866.64 < 2.2e-16 Output:Residuals 147 28.438 0.193 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.324965 Output:[1] 0.2336249 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.004958376 0.004525245 Output:regressor 0.004525245 0.005595019 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.20389 0.18490 1.1027 0.272 Output:regressor 2.20201 0.33135 6.6456 5.507e-10 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	ES	0.4636	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.86846 -0.52481 0.01895 0.66678 1.50411 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.76680 0.09932 -7.721 1.64e-12 * Output:regressor 1.39222 0.12263 11.353 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.8431 on 147 degrees of freedom Output:Multiple R-squared: 0.4672, Adjusted R-squared: 0.4636 Output:F-statistic: 128.9 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 91.615 91.615 128.9 < 2.2e-16 Output:Residuals 147 104.480 0.711 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.324965 Output:[1] 0.3193644 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.009863979 0.008751997 Output:regressor 0.008751997 0.015037240 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.76680 1.18613 -0.6465 0.519 Output:regressor 1.39222 0.96206 1.4471 0.150 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	FR	0.1892	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.70354 -0.94782 0.00446 0.82957 1.82849 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.6022 0.1842 -3.269 0.00135 Output:regressor 0.9262 0.1554 5.962 1.77e-08 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.036 on 147 degrees of freedom Output:Multiple R-squared: 0.1947, Adjusted R-squared: 0.1892 Output:F-statistic: 35.54 on 1 and 147 DF, p-value: 1.773e-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 38.183 38.183 35.544 1.773e-08 Output:Residuals 147 157.912 1.074 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.324965 Output:[1] 0.3007511 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.03394713 0.02540243 Output:regressor 0.02540243 0.02413401 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.60224 1.73152 -0.3478 0.7285 Output:regressor 0.92619 0.84553 1.0954 0.2751 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	IT	0.1395	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.7508 -0.6942 -0.2201 0.5791 2.1498 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.5048 0.2316 -2.179 0.0309 * Output:regressor -0.5396 0.1079 -5.000 1.61e-06 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.068 on 147 degrees of freedom Output:Multiple R-squared: 0.1453, Adjusted R-squared: 0.1395 Output:F-statistic: 25 on 1 and 147 DF, p-value: 1.612e-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 28.50 28.5004 24.998 1.612e-06 * Output:Residuals 147 167.59 1.1401 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.324965 Output:[1] 0.6613792 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.05364797 -0.02314603 Output:regressor -0.02314603 0.01164742 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.50480 1.49255 -0.3382 0.7357 Output:regressor -0.53960 0.25987 -2.0764 0.0396 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	GB	0.1209	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.95700 -0.79672 -0.06082 0.91069 1.87557 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -1.76792 0.09758 -18.117 < 2e-16 * Output:regressor 5.61411 1.21485 4.621 8.28e-06 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.079 on 147 degrees of freedom Output:Multiple R-squared: 0.1268, Adjusted R-squared: 0.1209 Output:F-statistic: 21.36 on 1 and 147 DF, p-value: 8.275e-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 24.875 24.8745 21.356 8.275e-06 Output:Residuals 147 171.220 1.1648 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.324965 Output:[1] 0.005332516 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.009522213 -0.05016319 Output:regressor -0.050163189 1.47585589 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -1.76792 0.73306 -2.4117 0.01711 * Output:regressor 5.61411 6.35582 0.8833 0.37852 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	CH	0.0026	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.5840 -0.9113 -0.3228 1.2526 1.9908 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -1.3644 0.2033 -6.71 3.93e-10 * Output:regressor 0.2685 0.2275 1.18 0.24 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.15 on 147 degrees of freedom Output:Multiple R-squared: 0.009385, Adjusted R-squared: 0.002646 Output:F-statistic: 1.393 on 1 and 147 DF, p-value: 0.2399 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 1.84 1.8403 1.3926 0.2399 Output:Residuals 147 194.25 1.3215 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.324965 Output:[1] 0.172475 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.04134516 0.04100306 Output:regressor 0.04100306 0.05176853 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -1.3644 1.5933 -0.8564 0.3932 Output:regressor 0.2685 1.1265 0.2384 0.8119 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:-9.234e-16 -1.066e-17 6.230e-18 1.832e-17 1.499e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -1.455e-16 1.024e-17 -1.421e+01 <2e-16 * Output:regressor 1.000e+00 1.265e-17 7.906e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 8.696e-17 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 6.25e+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 47.266 47.266 6.2498e+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] 0.3193644 Output:[1] 0.3193644 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.049578e-34 9.312573e-35 Output:regressor 9.312573e-35 1.600039e-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 1.4907e-17 -9.7622e+00 < 2.2e-16 * Output:regressor 1.0000e+00 1.5140e-17 6.6051e+16 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Error:Warning message: Error:In summary.lm(x) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------"
ES	FR	0.6503	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.7800 -0.2517 0.0054 0.1973 0.7766 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.29421 0.05941 4.952 1.99e-06 * Output:regressor 0.83248 0.05009 16.619 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3342 on 147 degrees of freedom Output:Multiple R-squared: 0.6526, Adjusted R-squared: 0.6503 Output:F-statistic: 276.2 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 30.847 30.8471 276.18 < 2.2e-16 Output:Residuals 147 16.419 0.1117 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.3193644 Output:[1] 0.3007511 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.003529637 0.002641206 Output:regressor 0.002641206 0.002509323 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.29421 0.15225 1.9325 0.05523 . Output:regressor 0.83248 0.14652 5.6818 6.919e-08 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	RO	0.5538	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.72314 -0.29504 -0.04875 0.21953 1.04476 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.12361 0.06043 2.045 0.0426 * Output:regressor 0.87245 0.06420 13.590 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3775 on 147 degrees of freedom Output:Multiple R-squared: 0.5568, Adjusted R-squared: 0.5538 Output:F-statistic: 184.7 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 26.318 26.3183 184.69 < 2.2e-16 * Output:Residuals 147 20.948 0.1425 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.3193644 Output:[1] 0.2336249 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.003652376 0.003333329 Output:regressor 0.003333329 0.004121332 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.12361 0.20047 0.6166 0.53844 Output:regressor 0.87245 0.40546 2.1517 0.03305 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	DE	0.4636	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.94734 -0.25487 -0.02143 0.22082 1.13443 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.05278 0.05764 -0.916 0.361 Output:regressor 0.33558 0.02956 11.353 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4139 on 147 degrees of freedom Output:Multiple R-squared: 0.4672, Adjusted R-squared: 0.4636 Output:F-statistic: 128.9 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 22.082 22.0824 128.9 < 2.2e-16 * Output:Residuals 147 25.183 0.1713 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.3193644 Output:[1] 1.324965 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.003322733 0.0013778186 Output:regressor 0.001377819 0.0008736398 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.052785 0.149560 -0.3529 0.7246 Output:regressor 0.335576 0.461463 0.7272 0.4683 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	GB	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:-1.23756 -0.31265 0.04278 0.38899 0.91029 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.69688 0.04612 -15.109 < 2e-16 * Output:regressor 3.37939 0.57422 5.885 2.58e-08 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.5101 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: 2.584e-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 9.013 9.0130 34.636 2.584e-08 Output:Residuals 147 38.253 0.2602 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.3193644 Output:[1] 0.005332516 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.00212739 -0.01120713 Output:regressor -0.01120713 0.32972590 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.69688 0.31751 -2.1948 0.02974 * Output:regressor 3.37939 1.80182 1.8755 0.06270 . Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	CH	0.1609	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.32439 -0.22260 0.04027 0.35550 1.06503 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.14214 0.09157 -1.552 0.123 Output:regressor 0.55537 0.10246 5.420 2.38e-07 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.5177 on 147 degrees of freedom Output:Multiple R-squared: 0.1666, Adjusted R-squared: 0.1609 Output:F-statistic: 29.38 on 1 and 147 DF, p-value: 2.382e-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 7.873 7.8732 29.38 2.382e-07 * Output:Residuals 147 39.393 0.2680 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.3193644 Output:[1] 0.172475 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.008384359 0.008314984 Output:regressor 0.008314984 0.010498107 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.14214 0.89279 -0.1592 0.8737 Output:regressor 0.55537 1.32154 0.4202 0.6749 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	IT	-0.0036	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.4134 -0.3806 0.1243 0.4405 0.9669 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.50457 0.12281 -4.109 6.59e-05 * Output:regressor -0.03897 0.05722 -0.681 0.497 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.5661 on 147 degrees of freedom Output:Multiple R-squared: 0.003146, Adjusted R-squared: -0.003636 Output:F-statistic: 0.4639 on 1 and 147 DF, p-value: 0.4969 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.149 0.14869 0.4639 0.4969 Output:Residuals 147 47.117 0.32053 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.3193644 Output:[1] 0.6613792 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.01508251 -0.00650724 Output:regressor -0.00650724 0.00327454 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.504570 1.091337 -0.4623 0.6445 Output:regressor -0.038975 0.162474 -0.2399 0.8108 Output: Output:[1] "-------------------------------------------------------------------------------------------"

Correlations for FR

Regressand	Regressor	R	R-Analysis Output
FR	FR	1.0000	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Error:Warning message: Error:In summary.lm(ols) : essentially perfect fit: summary may be unreliable Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-4.167e-16 -2.050e-17 5.000e-18 3.523e-17 8.727e-17 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -1.455e-16 9.752e-18 -1.492e+01 <2e-16 * Output:regressor 1.000e+00 8.223e-18 1.216e+17 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 5.486e-17 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 1.479e+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 44.511 44.511 1.479e+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] 0.3007511 Output:[1] 0.3007511 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 9.510454e-35 7.116615e-35 Output:regressor 7.116615e-35 6.761262e-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) -1.4553e-16 1.2444e-17 -1.1695e+01 < 2.2e-16 * Output:regressor 1.0000e+00 1.0891e-17 9.1819e+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	0.6503	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.62404 -0.27565 -0.03947 0.25708 0.88574 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.59628 0.03821 -15.61 <2e-16 * Output:regressor 0.78396 0.04717 16.62 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3243 on 147 degrees of freedom Output:Multiple R-squared: 0.6526, Adjusted R-squared: 0.6503 Output:F-statistic: 276.2 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 29.049 29.0492 276.18 < 2.2e-16 Output:Residuals 147 15.462 0.1052 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.3007511 Output:[1] 0.3193644 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001459762 0.001295201 Output:regressor 0.001295201 0.002225349 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.59628 0.15100 -3.9489 0.0001214 * Output:regressor 0.78396 0.14602 5.3689 3.026e-07 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	CH	0.4090	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.16607 -0.27374 0.07509 0.33344 0.73649 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.38039 0.07457 -5.101 1.03e-06 * Output:regressor 0.84865 0.08344 10.170 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4216 on 147 degrees of freedom Output:Multiple R-squared: 0.413, Adjusted R-squared: 0.409 Output:F-statistic: 103.4 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 18.384 18.3842 103.44 < 2.2e-16 Output:Residuals 147 26.127 0.1777 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.3007511 Output:[1] 0.172475 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.005560859 0.005514846 Output:regressor 0.005514846 0.006962785 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.38039 0.46987 -0.8096 0.41951 Output:regressor 0.84865 0.51045 1.6625 0.09853 . Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	RO	0.2681	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.84248 -0.31609 -0.08461 0.22514 1.14727 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.57303 0.07511 -7.629 2.73e-12 * Output:regressor 0.59289 0.07979 7.431 8.17e-12 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4692 on 147 degrees of freedom Output:Multiple R-squared: 0.2731, Adjusted R-squared: 0.2681 Output:F-statistic: 55.22 on 1 and 147 DF, p-value: 8.17e-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 12.154 12.1541 55.217 8.17e-12 Output:Residuals 147 32.357 0.2201 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.3007511 Output:[1] 0.2336249 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.005641684 0.005148864 Output:regressor 0.005148864 0.006366062 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.57303 0.14824 -3.8657 0.0001658 * Output:regressor 0.59289 0.47499 1.2482 0.2139354 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	GB	0.2318	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.0126 -0.3694 0.0458 0.3469 1.1768 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -1.17683 0.04346 -27.079 < 2e-16 * Output:regressor 3.65610 0.54105 6.757 3.07e-10 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4807 on 147 degrees of freedom Output:Multiple R-squared: 0.237, Adjusted R-squared: 0.2318 Output:F-statistic: 45.66 on 1 and 147 DF, p-value: 3.065e-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 10.549 10.550 45.662 3.065e-10 Output:Residuals 147 33.962 0.231 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.3007511 Output:[1] 0.005332516 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001888740 -0.009949913 Output:regressor -0.009949913 0.292737338 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -1.17683 0.22189 -5.3036 4.091e-07 *** Output:regressor 3.65610 1.48082 2.4690 0.0147 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	DE	0.1892	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.90059 -0.35870 -0.06451 0.30378 1.23502 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.72100 0.06877 -10.484 < 2e-16 * Output:regressor 0.21023 0.03526 5.962 1.77e-08 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4938 on 147 degrees of freedom Output:Multiple R-squared: 0.1947, Adjusted R-squared: 0.1892 Output:F-statistic: 35.54 on 1 and 147 DF, p-value: 1.773e-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 8.667 8.6670 35.544 1.773e-08 Output:Residuals 147 35.844 0.2438 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.3007511 Output:[1] 1.324965 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.004729316 0.001961078 Output:regressor 0.001961078 0.001243470 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.72100 0.12677 -5.6876 6.73e-08 * Output:regressor 0.21023 0.31493 0.6676 0.5055 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	IT	0.0189	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.12912 -0.44724 0.09701 0.35951 1.16736 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.8386 0.1178 -7.117 4.52e-11 * Output:regressor -0.1077 0.0549 -1.961 0.0518 . Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.5432 on 147 degrees of freedom Output:Multiple R-squared: 0.0255, Adjusted R-squared: 0.01887 Output:F-statistic: 3.846 on 1 and 147 DF, p-value: 0.05176 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 1.135 1.13484 3.8459 0.05176 . Output:Residuals 147 43.376 0.29508 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.3007511 Output:[1] 0.6613792 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.013885023 -0.005990592 Output:regressor -0.005990592 0.003014555 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.83859 0.51288 -1.6350 0.1042 Output:regressor -0.10767 0.12130 -0.8876 0.3762 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:-6.757e-16 1.520e-18 3.730e-18 6.940e-18 4.859e-17 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -2.274e-17 5.086e-18 -4.471e+00 1.55e-05 * Output:regressor 1.000e+00 6.331e-17 1.579e+16 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 5.625e-17 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 2.494e+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 0.78921 0.78921 2.4945e+32 < 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] 0.005332516 Output:[1] 0.005332516 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.586497e-35 -1.362571e-34 Output:regressor -1.362571e-34 4.008833e-33 Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -2.2738e-17 5.4494e-18 -4.1726e+00 5.131e-05 * Output:regressor 1.0000e+00 3.0677e-17 3.2597e+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	IT	0.2927	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.146877 -0.044741 0.006842 0.048570 0.123468 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.131311 0.013322 9.857 < 2e-16 * Output:regressor -0.048974 0.006207 -7.890 6.37e-13 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.06141 on 147 degrees of freedom Output:Multiple R-squared: 0.2975, Adjusted R-squared: 0.2927 Output:F-statistic: 62.24 on 1 and 147 DF, p-value: 6.366e-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 0.23477 0.234770 62.245 6.366e-13 Output:Residuals 147 0.55444 0.003772 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.005332516 Output:[1] 0.6613792 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.774803e-04 -7.657258e-05 Output:regressor -7.657258e-05 3.853246e-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) 0.131311 0.048474 2.7089 0.007552 ** Output:regressor -0.048974 0.019764 -2.4779 0.014348 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	CH	0.2801	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.121515 -0.038434 -0.009498 0.021886 0.197566 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.10833 0.01096 9.885 < 2e-16 * Output:regressor 0.09386 0.01226 7.654 2.38e-12 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.06196 on 147 degrees of freedom Output:Multiple R-squared: 0.285, Adjusted R-squared: 0.2801 Output:F-statistic: 58.58 on 1 and 147 DF, p-value: 2.379e-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 0.22489 0.224895 58.583 2.379e-12 Output:Residuals 147 0.56432 0.003839 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.005332516 Output:[1] 0.172475 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0001201094 0.0001191156 Output:regressor 0.0001191156 0.0001503898 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.108333 0.030140 3.5944 0.0004431 * Output:regressor 0.093863 0.026069 3.6006 0.0004334 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	FR	0.2318	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.11295 -0.04861 -0.01754 0.04571 0.18079 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.102221 0.011378 8.984 1.17e-15 * Output:regressor 0.064825 0.009593 6.757 3.07e-10 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.064 on 147 degrees of freedom Output:Multiple R-squared: 0.237, Adjusted R-squared: 0.2318 Output:F-statistic: 45.66 on 1 and 147 DF, p-value: 3.065e-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 0.18705 0.187049 45.662 3.065e-10 Output:Residuals 147 0.60216 0.004096 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.005332516 Output:[1] 0.3007511 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.294498e-04 9.686651e-05 Output:regressor 9.686651e-05 9.202968e-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) 0.102221 0.038314 2.6680 0.008488 ** Output:regressor 0.064825 0.031595 2.0517 0.041971 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	RO	0.1975	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.113983 -0.064182 0.002833 0.047395 0.182103 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.08903 0.01047 8.501 1.94e-14 * Output:regressor 0.06805 0.01113 6.117 8.20e-09 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.06542 on 147 degrees of freedom Output:Multiple R-squared: 0.2029, Adjusted R-squared: 0.1975 Output:F-statistic: 37.42 on 1 and 147 DF, p-value: 8.202e-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 0.16014 0.160138 37.421 8.202e-09 Output:Residuals 147 0.62907 0.004279 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.005332516 Output:[1] 0.2336249 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0001096835 0.0001001023 Output:regressor 0.0001001023 0.0001237666 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.089032 0.041610 2.1397 0.03403 * Output:regressor 0.068055 0.041589 1.6364 0.10390 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	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:-0.091862 -0.054875 -0.008024 0.048552 0.190895 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.066831 0.007765 8.606 1.06e-14 * Output:regressor 0.056427 0.009588 5.885 2.58e-08 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.06592 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: 2.584e-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 0.15049 0.150493 34.636 2.584e-08 Output:Residuals 147 0.63872 0.004345 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.005332516 Output:[1] 0.3193644 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 6.030153e-05 5.350364e-05 Output:regressor 5.350364e-05 9.192726e-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) 0.066831 0.035888 1.8622 0.06457 . Output:regressor 0.056427 0.041925 1.3459 0.18041 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	DE	0.1209	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.102495 -0.064318 -0.003174 0.050930 0.189136 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.069624 0.009535 7.302 1.66e-11 * Output:regressor 0.022595 0.004889 4.621 8.28e-06 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.06847 on 147 degrees of freedom Output:Multiple R-squared: 0.1268, Adjusted R-squared: 0.1209 Output:F-statistic: 21.36 on 1 and 147 DF, p-value: 8.275e-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 0.10011 0.100111 21.356 8.275e-06 Output:Residuals 147 0.68910 0.004688 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.005332516 Output:[1] 1.324965 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 9.092065e-05 3.770154e-05 Output:regressor 3.770154e-05 2.390559e-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) 0.069624 0.042770 1.6278 0.1057 Output:regressor 0.022595 0.025698 0.8793 0.3807 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:-5.531e-16 -5.111e-17 -2.796e-17 1.088e-17 2.563e-15 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 5.821e-16 4.868e-17 1.196e+01 <2e-16 * Output:regressor 1.000e+00 2.268e-17 4.409e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 2.244e-16 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 1.944e+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 97.884 97.884 1.944e+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] 0.6613792 Output:[1] 0.6613792 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.369344e-33 -1.022236e-33 Output:regressor -1.022236e-33 5.144044e-34 Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 5.8210e-16 1.0754e-16 5.4127e+00 2.469e-07 * Output:regressor 1.0000e+00 4.6372e-17 2.1565e+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	0.2927	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-2.1937 -0.2344 0.1074 0.4784 1.4249 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.19368 0.06184 35.47 < 2e-16 * Output:regressor -6.07412 0.76990 -7.89 6.37e-13 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.684 on 147 degrees of freedom Output:Multiple R-squared: 0.2975, Adjusted R-squared: 0.2927 Output:F-statistic: 62.24 on 1 and 147 DF, p-value: 6.366e-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 29.118 29.1180 62.245 6.366e-13 Output:Residuals 147 68.766 0.4678 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.6613792 Output:[1] 0.005332516 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.003824349 -0.02014674 Output:regressor -0.020146736 0.59273901 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.19368 0.21158 10.3679 <2e-16 * Output:regressor -6.07412 4.09439 -1.4835 0.1401 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	RO	0.1769	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.6749 -0.4769 0.2231 0.5596 1.2996 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.4059 0.1181 11.902 < 2e-16 * Output:regressor -0.7188 0.1255 -5.728 5.53e-08 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.7378 on 147 degrees of freedom Output:Multiple R-squared: 0.1825, Adjusted R-squared: 0.1769 Output:F-statistic: 32.82 on 1 and 147 DF, p-value: 5.531e-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 17.863 17.8633 32.815 5.531e-08 Output:Residuals 147 80.021 0.5444 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.6613792 Output:[1] 0.2336249 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.01395221 0.01273344 Output:regressor 0.01273344 0.01574364 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.40588 1.08079 1.3008 0.1954 Output:regressor -0.71877 1.27300 -0.5646 0.5732 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	DE	0.1395	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.6785 -0.4600 0.2303 0.5680 1.3876 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.56243 0.10506 14.87 < 2e-16 * Output:regressor -0.26935 0.05387 -5.00 1.61e-06 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.7544 on 147 degrees of freedom Output:Multiple R-squared: 0.1453, Adjusted R-squared: 0.1395 Output:F-statistic: 25 on 1 and 147 DF, p-value: 1.612e-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 14.226 14.2265 24.998 1.612e-06 Output:Residuals 147 83.658 0.5691 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.6613792 Output:[1] 1.324965 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.01103787 0.004577010 Output:regressor 0.00457701 0.002902166 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.56243 0.81563 1.9156 0.05735 . Output:regressor -0.26935 0.37903 -0.7106 0.47844 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	CH	0.0207	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-2.0455 -0.3325 0.2308 0.5643 1.1111 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.7311 0.1424 12.16 <2e-16 *** Output:regressor -0.3234 0.1593 -2.03 0.0441 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.8048 on 147 degrees of freedom Output:Multiple R-squared: 0.02727, Adjusted R-squared: 0.02066 Output:F-statistic: 4.122 on 1 and 147 DF, p-value: 0.04414 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 2.670 2.66978 4.1218 0.04414 Output:Residuals 147 95.214 0.64772 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.6613792 Output:[1] 0.172475 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.02026544 0.02009775 Output:regressor 0.02009775 0.02537448 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.73107 0.49978 3.4637 0.0006983 Output:regressor -0.32340 0.49310 -0.6559 0.5129385 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	FR	0.0189	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.9151 -0.3771 0.2046 0.5938 1.0228 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.7380 0.1432 12.137 <2e-16 * Output:regressor -0.2368 0.1207 -1.961 0.0518 . Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.8055 on 147 degrees of freedom Output:Multiple R-squared: 0.0255, Adjusted R-squared: 0.01887 Output:F-statistic: 3.846 on 1 and 147 DF, p-value: 0.05176 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 2.496 2.4956 3.8459 0.05176 . Output:Residuals 147 95.389 0.6489 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.6613792 Output:[1] 0.3007511 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.02050611 0.0153446 Output:regressor 0.01534460 0.0145784 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.73799 0.66210 2.6250 0.009581 * Output:regressor -0.23678 0.46634 -0.5078 0.612389 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	ES	-0.0036	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.9968 -0.3206 0.2332 0.5892 1.0234 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.94025 0.09598 20.215 <2e-16 * Output:regressor -0.08071 0.11851 -0.681 0.497 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.8147 on 147 degrees of freedom Output:Multiple R-squared: 0.003146, Adjusted R-squared: -0.003636 Output:F-statistic: 0.4639 on 1 and 147 DF, p-value: 0.4969 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.308 0.30793 0.4639 0.4969 Output:Residuals 147 97.576 0.66378 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.6613792 Output:[1] 0.3193644 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.009212178 0.008173675 Output:regressor 0.008173675 0.014043595 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.940245 0.465929 4.1643 5.302e-05 * Output:regressor -0.080714 0.418601 -0.1928 0.8474 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:-9.357e-17 -7.606e-18 -1.785e-18 1.130e-17 1.247e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.000e+00 4.078e-18 0.000e+00 1 Output:regressor 1.000e+00 4.332e-18 2.308e+17 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 2.547e-17 on 147 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 5.329e+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 34.576 34.576 5.3288e+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] 0.2336249 Output:[1] 0.2336249 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.663048e-35 1.517775e-35 Output:regressor 1.517775e-35 1.876579e-35 Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0000e+00 7.3638e-18 0.0000e+00 1 Output:regressor 1.0000e+00 7.2553e-18 1.3783e+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	0.8540	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.42953 -0.13493 0.01226 0.11050 0.51050 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.19646 0.02572 -7.638 2.6e-12 * Output:regressor 0.38827 0.01319 29.439 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1847 on 147 degrees of freedom Output:Multiple R-squared: 0.855, Adjusted R-squared: 0.854 Output:F-statistic: 866.6 on 1 and 147 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 29.5621 29.5621 866.64 < 2.2e-16 Output:Residuals 147 5.0143 0.0341 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.2336249 Output:[1] 1.324965 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.000661598 0.0002743410 Output:regressor 0.000274341 0.0001739527 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.196456 0.069366 -2.8322 0.005272 Output:regressor 0.388271 0.087849 4.4198 1.907e-05 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	ES	0.5538	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.74659 -0.18502 0.03253 0.21088 0.69840 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.43734 0.03804 -11.50 <2e-16 * Output:regressor 0.63822 0.04696 13.59 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3229 on 147 degrees of freedom Output:Multiple R-squared: 0.5568, Adjusted R-squared: 0.5538 Output:F-statistic: 184.7 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 19.253 19.2526 184.69 < 2.2e-16 Output:Residuals 147 15.324 0.1042 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.2336249 Output:[1] 0.3193644 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001446728 0.001283636 Output:regressor 0.001283636 0.002205479 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.43734 0.25998 -1.6822 0.094655 . Output:regressor 0.63822 0.20980 3.0420 0.002784 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	FR	0.2681	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.85120 -0.32469 -0.02438 0.35455 0.80267 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.32404 0.07351 -4.408 2.00e-05 * Output:regressor 0.46056 0.06198 7.431 8.17e-12 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4135 on 147 degrees of freedom Output:Multiple R-squared: 0.2731, Adjusted R-squared: 0.2681 Output:F-statistic: 55.22 on 1 and 147 DF, p-value: 8.17e-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 9.4414 9.4414 55.217 8.17e-12 Output:Residuals 147 25.1351 0.1710 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.2336249 Output:[1] 0.3007511 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.005403413 0.004043341 Output:regressor 0.004043341 0.003841446 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.32404 0.57399 -0.5645 0.5733 Output:regressor 0.46056 0.43333 1.0628 0.2896 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	GB	0.1975	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.82047 -0.34250 -0.04297 0.38656 0.91014 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.91014 0.03915 -23.247 < 2e-16 * Output:regressor 2.98157 0.48740 6.117 8.2e-09 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.433 on 147 degrees of freedom Output:Multiple R-squared: 0.2029, Adjusted R-squared: 0.1975 Output:F-statistic: 37.42 on 1 and 147 DF, p-value: 8.202e-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 7.0159 7.0159 37.421 8.202e-09 Output:Residuals 147 27.5606 0.1875 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.2336249 Output:[1] 0.005332516 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001532750 -0.008074556 Output:regressor -0.008074556 0.237562269 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.91014 0.20870 -4.3610 2.422e-05 *** Output:regressor 2.98157 1.46171 2.0398 0.04316 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	IT	0.1769	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.03742 -0.34717 -0.01883 0.29458 0.92016 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.30425 0.09512 -3.198 0.00169 Output:regressor -0.25390 0.04432 -5.728 5.53e-08 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4385 on 147 degrees of freedom Output:Multiple R-squared: 0.1825, Adjusted R-squared: 0.1769 Output:F-statistic: 32.82 on 1 and 147 DF, p-value: 5.531e-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 6.310 6.3100 32.815 5.531e-08 Output:Residuals 147 28.267 0.1923 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.2336249 Output:[1] 0.6613792 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.009048273 -0.003903812 Output:regressor -0.003903812 0.001964456 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.30425 0.53195 -0.5719 0.5682 Output:regressor -0.25390 0.11586 -2.1914 0.0300 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	CH	0.0198	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.8345 -0.3569 -0.1306 0.4475 0.9330 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.65905 0.08465 -7.786 1.14e-12 *** Output:regressor 0.18906 0.09472 1.996 0.0478 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4785 on 147 degrees of freedom Output:Multiple R-squared: 0.02639, Adjusted R-squared: 0.01977 Output:F-statistic: 3.984 on 1 and 147 DF, p-value: 0.04777 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.912 0.91244 3.9843 0.04777 Output:Residuals 147 33.664 0.22901 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.2336249 Output:[1] 0.172475 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.007165063 0.007105776 Output:regressor 0.007105776 0.008971418 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.65905 0.68757 -0.9585 0.3394 Output:regressor 0.18906 0.83181 0.2273 0.8205 Output: Output:[1] "-------------------------------------------------------------------------------------------"