KSFX - Differences in European Media Reporting on EU

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Sentiment Data per Topic: EU

Media Coverage

Column=Regressor Row=Regressand		CH		DE		ES		FR		GB		IT		RO
CH		1.0000		0.2407		-0.0002		0.0294		0.4251		0.1411		0.3201
DE		0.2407		1.0000		-0.0021		-0.0065		0.3181		0.0282		0.4369
ES		-0.0002		-0.0021		1.0000		0.3117		0.0299		0.0148		0.0002
FR		0.0294		-0.0065		0.3117		1.0000		-0.0053		0.1051		0.0153
GB		0.4251		0.3181		0.0299		-0.0053		1.0000		0.1435		0.2397
IT		0.1411		0.0282		0.0148		0.1051		0.1435		1.0000		0.0796
RO		0.3201		0.4369		0.0002		0.0153		0.2397		0.0796		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:-9.128e-18 -8.210e-19 -6.560e-19 -3.700e-19 1.021e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -1.807e-17 2.373e-18 -7.615e+00 2.8e-12 * Output:regressor 1.000e+00 7.769e-17 1.287e+16 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 8.437e-18 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 1.657e+32 on 1 and 149 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 0.011795 0.011795 1.6569e+32 < 2.2e-16 Output:Residuals 149 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] 7.863134e-05 Output:[1] 7.863134e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 5.630387e-36 -1.764546e-34 Output:regressor -1.764546e-34 6.035372e-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:Error:(Intercept) -1.8070e-17 4.2465e-19 -4.2552e+01 < 2.2e-16 * Output:regressor 1.0000e+00 1.1674e-17 8.5663e+16 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Warning message: Error:In summary.lm(x) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------"
CH	GB	0.4251	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.012963 -0.004413 -0.000881 0.003839 0.032634 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.01842 0.00116 15.89 <2e-16 * Output:regressor 0.38466 0.03637 10.58 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.006724 on 149 degrees of freedom Output:Multiple R-squared: 0.4289, Adjusted R-squared: 0.4251 Output:F-statistic: 111.9 on 1 and 149 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 0.0050586 0.0050586 111.89 < 2.2e-16 Output:Residuals 149 0.0067361 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] 7.863134e-05 Output:[1] 0.0002279132 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.344653e-06 -3.717864e-05 Output:regressor -3.717864e-05 1.322405e-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) 0.018422 0.001621 11.365 < 2.2e-16 * Output:regressor 0.384665 0.045340 8.484 1.998e-14 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	RO	0.3201	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0166370 -0.0044094 0.0004883 0.0037786 0.0266357 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.012240 0.002095 5.843 3.10e-08 * Output:regressor 0.249652 0.029501 8.462 2.26e-14 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.007312 on 149 degrees of freedom Output:Multiple R-squared: 0.3246, Adjusted R-squared: 0.3201 Output:F-statistic: 71.61 on 1 and 149 DF, p-value: 2.264e-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 0.0038287 0.0038287 71.614 2.264e-14 Output:Residuals 149 0.0079660 0.0000535 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 7.863134e-05 Output:[1] 0.0004095343 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 4.387944e-06 -5.925131e-05 Output:regressor -5.925131e-05 8.703072e-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) 0.0122402 0.0020268 6.0393 1.181e-08 * Output:regressor 0.2496519 0.0343723 7.2632 1.956e-11 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	DE	0.2407	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0170095 -0.0041935 -0.0001738 0.0038920 0.0285296 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.016654 0.001912 8.709 5.4e-15 * Output:regressor 0.140201 0.020123 6.967 9.7e-11 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.007727 on 149 degrees of freedom Output:Multiple R-squared: 0.2457, Adjusted R-squared: 0.2407 Output:F-statistic: 48.54 on 1 and 149 DF, p-value: 9.696e-11 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0028983 0.00289835 48.543 9.696e-11 Output:Residuals 149 0.0088964 0.00005971 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 7.863134e-05 Output:[1] 0.0009830066 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 3.657004e-06 -3.634159e-05 Output:regressor -3.634159e-05 4.049282e-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) 0.016654 0.002813 5.9203 2.127e-08 * Output:regressor 0.140201 0.037590 3.7298 0.0002718 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	IT	0.1411	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.020273 -0.005349 -0.001650 0.004898 0.026204 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.023853 0.001256 18.992 < 2e-16 * Output:regressor 0.567754 0.112107 5.064 1.19e-06 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.008218 on 149 degrees of freedom Output:Multiple R-squared: 0.1469, Adjusted R-squared: 0.1411 Output:F-statistic: 25.65 on 1 and 149 DF, p-value: 1.194e-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 0.0017321 0.00173213 25.648 1.194e-06 Output:Residuals 149 0.0100626 0.00006753 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 7.863134e-05 Output:[1] 3.582364e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.577388e-06 -0.0001191784 Output:regressor -1.191784e-04 0.0125678679 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0238529 0.0019748 12.0786 < 2.2e-16 * Output:regressor 0.5677540 0.1695104 3.3494 0.001026 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	FR	0.0294	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.018645 -0.006260 -0.001694 0.004855 0.027004 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.026131 0.001498 17.447 <2e-16 *** Output:regressor 0.375284 0.159304 2.356 0.0198 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.008736 on 149 degrees of freedom Output:Multiple R-squared: 0.03591, Adjusted R-squared: 0.02944 Output:F-statistic: 5.55 on 1 and 149 DF, p-value: 0.01979 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0004235 0.00042353 5.5496 0.01979 Output:Residuals 149 0.0113712 0.00007632 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 7.863134e-05 Output:[1] 2.004806e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.243206e-06 -0.0002100039 Output:regressor -2.100039e-04 0.0253778842 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0261312 0.0027238 9.5938 <2e-16 Output:regressor 0.3752838 0.3086758 1.2158 0.226 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	ES	-0.0002	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.019819 -0.006105 -0.001375 0.004606 0.034514 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.025741 0.003609 7.132 3.99e-11 * Output:regressor 0.123499 0.124916 0.989 0.324 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.008868 on 149 degrees of freedom Output:Multiple R-squared: 0.006517, Adjusted R-squared: -0.0001505 Output:F-statistic: 0.9774 on 1 and 149 DF, p-value: 0.3244 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0000769 7.6868e-05 0.9774 0.3244 Output:Residuals 149 0.0117178 7.8643e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 7.863134e-05 Output:[1] 3.35994e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.302532e-05 -0.0004417255 Output:regressor -4.417255e-04 0.0156040828 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0257407 0.0049667 5.1826 7.006e-07 * Output:regressor 0.1234986 0.1730581 0.7136 0.4766 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:-2.635e-17 -1.047e-18 3.221e-19 1.690e-18 7.311e-18 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -1.807e-17 7.879e-19 -2.293e+01 <2e-16 * Output:regressor 1.000e+00 8.291e-18 1.206e+17 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 3.184e-18 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 1.455e+34 on 1 and 149 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 0.14745 0.14745 1.4548e+34 < 2.2e-16 Output:Residuals 149 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] 0.0009830066 Output:[1] 0.0009830066 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 6.207869e-37 -6.169088e-36 Output:regressor -6.169088e-36 6.873771e-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) -1.8070e-17 1.0952e-18 -1.6500e+01 < 2.2e-16 * Output:regressor 1.0000e+00 1.2486e-17 8.0089e+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	0.4369	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.050311 -0.015106 -0.002433 0.011104 0.082232 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.01973 0.00674 2.927 0.00396 Output:regressor 1.02845 0.09492 10.834 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.02353 on 149 degrees of freedom Output:Multiple R-squared: 0.4407, Adjusted R-squared: 0.4369 Output:F-statistic: 117.4 on 1 and 149 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 0.064975 0.064975 117.38 < 2.2e-16 Output:Residuals 149 0.082476 0.000554 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0009830066 Output:[1] 0.0004095343 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 4.543068e-05 -0.0006134598 Output:regressor -6.134598e-04 0.0090107453 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0197306 0.0065559 3.0096 0.003073 Output:regressor 1.0284467 0.1232188 8.3465 4.426e-14 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	GB	0.3181	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.046511 -0.020658 -0.002822 0.014666 0.082173 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.056585 0.004465 12.672 < 2e-16 * Output:regressor 1.179575 0.140031 8.424 2.83e-14 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.02589 on 149 degrees of freedom Output:Multiple R-squared: 0.3226, Adjusted R-squared: 0.3181 Output:F-statistic: 70.96 on 1 and 149 DF, p-value: 2.834e-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 0.047568 0.047568 70.959 2.834e-14 Output:Residuals 149 0.099883 0.000670 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0009830066 Output:[1] 0.0002279132 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.993847e-05 -0.0005512836 Output:regressor -5.512836e-04 0.0196085764 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.056585 0.005634 10.0436 < 2.2e-16 * Output:regressor 1.179575 0.250319 4.7123 5.57e-06 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	CH	0.2407	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.060499 -0.019343 -0.006553 0.010474 0.090664 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.038504 0.007684 5.011 1.51e-06 * Output:regressor 1.752719 0.251565 6.967 9.70e-11 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.02732 on 149 degrees of freedom Output:Multiple R-squared: 0.2457, Adjusted R-squared: 0.2407 Output:F-statistic: 48.54 on 1 and 149 DF, p-value: 9.696e-11 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.036234 0.036234 48.543 9.696e-11 Output:Residuals 149 0.111217 0.000746 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0009830066 Output:[1] 7.863134e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 5.903828e-05 -0.001850242 Output:regressor -1.850242e-03 0.063284818 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.038504 0.013997 2.7510 0.0066785 Output:regressor 1.752719 0.450481 3.8908 0.0001502 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	IT	0.0282	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.048622 -0.022249 -0.009231 0.015713 0.110920 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.080500 0.004724 17.042 <2e-16 *** Output:regressor 0.975258 0.421638 2.313 0.0221 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.03091 on 149 degrees of freedom Output:Multiple R-squared: 0.03466, Adjusted R-squared: 0.02818 Output:F-statistic: 5.35 on 1 and 149 DF, p-value: 0.02209 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.005111 0.0051109 5.3501 0.02209 Output:Residuals 149 0.142340 0.0009553 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0009830066 Output:[1] 3.582364e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.231294e-05 -0.001685838 Output:regressor -1.685838e-03 0.177778791 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0805001 0.0099556 8.0859 1.972e-13 Output:regressor 0.9752583 0.8189654 1.1908 0.2356 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	ES	-0.0021	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.05984 -0.01992 -0.00874 0.01253 0.10491 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.10015 0.01277 7.841 7.91e-13 * Output:regressor -0.36751 0.44209 -0.831 0.407 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.03139 on 149 degrees of freedom Output:Multiple R-squared: 0.004616, Adjusted R-squared: -0.002064 Output:F-statistic: 0.691 on 1 and 149 DF, p-value: 0.4071 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.000681 0.00068070 0.691 0.4071 Output:Residuals 149 0.146770 0.00098504 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0009830066 Output:[1] 3.35994e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0001631471 -0.005532779 Output:regressor -0.0055327790 0.195447054 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.100152 0.020712 4.8354 3.277e-06 * Output:regressor -0.367507 0.642536 -0.5720 0.5682 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	FR	-0.0065	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.057351 -0.020306 -0.009633 0.013139 0.106440 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.090514 0.005393 16.784 <2e-16 * Output:regressor -0.092589 0.573602 -0.161 0.872 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.03146 on 149 degrees of freedom Output:Multiple R-squared: 0.0001748, Adjusted R-squared: -0.006535 Output:F-statistic: 0.02606 on 1 and 149 DF, p-value: 0.872 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.000026 0.00002578 0.0261 0.872 Output:Residuals 149 0.147425 0.00098943 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0009830066 Output:[1] 2.004806e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.908276e-05 -0.002722663 Output:regressor -2.722663e-03 0.329019742 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.090514 0.011018 8.2153 9.411e-14 * Output:regressor -0.092589 1.035682 -0.0894 0.9289 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"

Correlations for ES

Regressand	Regressor	R	R-Analysis Output
ES	ES	1.0000	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Error:Warning message: Error:In summary.lm(ols) : essentially perfect fit: summary may be unreliable Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.731e-18 -1.905e-19 -8.220e-20 2.320e-20 1.159e-17 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -4.517e-18 4.077e-19 -1.108e+01 <2e-16 * Output:regressor 1.000e+00 1.411e-17 7.086e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.002e-18 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 5.021e+33 on 1 and 149 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 0.0050399 0.0050399 5.0208e+33 < 2.2e-16 Output:Residuals 149 0.0000000 0.0000000 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Error:Warning message: Error:In anova.lm(ols) : Error: ANOVA F-tests on an essentially perfect fit are unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 3.35994e-05 Output:[1] 3.35994e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.662551e-37 -5.638179e-36 Output:regressor -5.638179e-36 1.991703e-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) -4.5174e-18 2.5769e-19 -1.7530e+01 < 2.2e-16 * Output:regressor 1.0000e+00 1.0781e-17 9.2756e+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	0.3117	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0123512 -0.0031621 0.0001514 0.0028147 0.0177090 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0222832 0.0008245 27.028 < 2e-16 * Output:regressor 0.7281043 0.0876925 8.303 5.69e-14 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.004809 on 149 degrees of freedom Output:Multiple R-squared: 0.3163, Adjusted R-squared: 0.3117 Output:F-statistic: 68.94 on 1 and 149 DF, p-value: 5.689e-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 0.0015942 0.00159423 68.939 5.689e-14 Output:Residuals 149 0.0034457 0.00002313 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 3.35994e-05 Output:[1] 2.004806e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 6.797338e-07 -6.363516e-05 Output:regressor -6.363516e-05 7.689980e-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) 0.0222832 0.0012529 17.7857 < 2.2e-16 * Output:regressor 0.7281043 0.1363090 5.3416 3.38e-07 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	GB	0.0299	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0141410 -0.0030504 -0.0003272 0.0029722 0.0260785 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0303665 0.0009846 30.841 <2e-16 *** Output:regressor -0.0732064 0.0308778 -2.371 0.019 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.005709 on 149 degrees of freedom Output:Multiple R-squared: 0.03635, Adjusted R-squared: 0.02989 Output:F-statistic: 5.621 on 1 and 149 DF, p-value: 0.01903 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0001832 1.8321e-04 5.6209 0.01903 Output:Residuals 149 0.0048567 3.2595e-05 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 3.35994e-05 Output:[1] 0.0002279132 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 9.694819e-07 -2.680544e-05 Output:regressor -2.680544e-05 9.534411e-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) 0.0303665 0.0016527 18.3743 <2e-16 Output:regressor -0.0732064 0.0583083 -1.2555 0.2113 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	IT	0.0148	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0136634 -0.0037010 -0.0002315 0.0032479 0.0261162 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0269662 0.0008793 30.668 <2e-16 * Output:regressor 0.1415351 0.0784873 1.803 0.0734 . Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.005753 on 149 degrees of freedom Output:Multiple R-squared: 0.02136, Adjusted R-squared: 0.01479 Output:F-statistic: 3.252 on 1 and 149 DF, p-value: 0.07336 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0001076 1.0764e-04 3.2518 0.07336 . Output:Residuals 149 0.0049323 3.3102e-05 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 3.35994e-05 Output:[1] 3.582364e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 7.731720e-07 -5.841644e-05 Output:regressor -5.841644e-05 6.160264e-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) 0.0269662 0.0013437 20.0685 <2e-16 Output:regressor 0.1415351 0.1244219 1.1375 0.2571 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	RO	0.0002	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0136010 -0.0036219 -0.0000324 0.0029625 0.0270046 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.02669 0.00166 16.076 <2e-16 * Output:regressor 0.02371 0.02338 1.014 0.312 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.005796 on 149 degrees of freedom Output:Multiple R-squared: 0.00685, Adjusted R-squared: 0.0001849 Output:F-statistic: 1.028 on 1 and 149 DF, p-value: 0.3123 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0000345 3.4525e-05 1.0277 0.3123 Output:Residuals 149 0.0050054 3.3593e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 3.35994e-05 Output:[1] 0.0004095343 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.757136e-06 -3.723018e-05 Output:regressor -3.723018e-05 5.468519e-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) 0.0266943 0.0020187 13.2238 <2e-16 * Output:regressor 0.0237070 0.0304505 0.7785 0.4375 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	CH	-0.0002	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.013051 -0.003483 0.000034 0.003098 0.026992 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.02677 0.00163 16.417 <2e-16 * Output:regressor 0.05277 0.05338 0.989 0.324 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.005797 on 149 degrees of freedom Output:Multiple R-squared: 0.006517, Adjusted R-squared: -0.0001505 Output:F-statistic: 0.9774 on 1 and 149 DF, p-value: 0.3244 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0000328 3.2846e-05 0.9774 0.3244 Output:Residuals 149 0.0050071 3.3604e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 3.35994e-05 Output:[1] 7.863134e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.657934e-06 -8.329885e-05 Output:regressor -8.329885e-05 2.849115e-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) 0.0267655 0.0020952 12.7747 <2e-16 * Output:regressor 0.0527713 0.0737255 0.7158 0.4752 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	DE	-0.0021	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0134463 -0.0033553 -0.0000937 0.0032171 0.0268465 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.029436 0.001436 20.498 <2e-16 * Output:regressor -0.012561 0.015111 -0.831 0.407 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.005802 on 149 degrees of freedom Output:Multiple R-squared: 0.004616, Adjusted R-squared: -0.002064 Output:F-statistic: 0.691 on 1 and 149 DF, p-value: 0.4071 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0000233 2.3266e-05 0.691 0.4071 Output:Residuals 149 0.0050166 3.3669e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 3.35994e-05 Output:[1] 0.0009830066 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.062181e-06 -2.049298e-05 Output:regressor -2.049298e-05 2.283386e-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) 0.0294357 0.0019125 15.3912 <2e-16 * Output:regressor -0.0125615 0.0213882 -0.5873 0.5579 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:-1.643e-18 -2.435e-19 -1.095e-19 8.620e-20 1.635e-17 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.259e-18 2.367e-19 9.541e+00 <2e-16 * Output:regressor 1.000e+00 2.518e-17 3.971e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.381e-18 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 1.577e+33 on 1 and 149 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 0.0030072 0.0030072 1.5772e+33 < 2.2e-16 Output:Residuals 149 0.0000000 0.0000000 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Error:Warning message: Error:In anova.lm(ols) : Error: ANOVA F-tests on an essentially perfect fit are unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.004806e-05 Output:[1] 2.004806e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 5.604265e-38 -5.246587e-36 Output:regressor -5.246587e-36 6.340230e-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) 2.2587e-18 2.3522e-19 9.6025e+00 < 2.2e-16 * Output:regressor 1.0000e+00 1.6432e-17 6.0856e+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	0.3117	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0089845 -0.0024889 -0.0002644 0.0020857 0.0184883 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.004023 0.001512 -2.661 0.00864 Output:regressor 0.434445 0.052324 8.303 5.69e-14 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.003715 on 149 degrees of freedom Output:Multiple R-squared: 0.3163, Adjusted R-squared: 0.3117 Output:F-statistic: 68.94 on 1 and 149 DF, p-value: 5.689e-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 0.00095124 0.00095124 68.939 5.689e-14 Output:Residuals 149 0.00205597 0.00001380 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.004806e-05 Output:[1] 3.35994e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.285373e-06 -7.750343e-05 Output:regressor -7.750343e-05 2.737832e-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) -0.0040233 0.0021645 -1.8587 0.06504 . Output:regressor 0.4344446 0.0844579 5.1439 8.349e-07 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	IT	0.1051	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0100208 -0.0029557 -0.0002999 0.0026500 0.0186096 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0059108 0.0006473 9.131 4.5e-16 * Output:regressor 0.2493221 0.0577817 4.315 2.9e-05 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.004236 on 149 degrees of freedom Output:Multiple R-squared: 0.1111, Adjusted R-squared: 0.1051 Output:F-statistic: 18.62 on 1 and 149 DF, p-value: 2.895e-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 0.00033403 0.00033403 18.618 2.895e-05 Output:Residuals 149 0.00267318 0.00001794 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.004806e-05 Output:[1] 3.582364e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 4.190424e-07 -3.166044e-05 Output:regressor -3.166044e-05 3.338729e-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) 0.0059108 0.0010545 5.6052 9.793e-08 * Output:regressor 0.2493221 0.1388446 1.7957 0.07457 . Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	CH	0.0294	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0076651 -0.0032934 -0.0008623 0.0028903 0.0212959 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.005478 0.001241 4.415 1.93e-05 *** Output:regressor 0.095683 0.040617 2.356 0.0198 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.004411 on 149 degrees of freedom Output:Multiple R-squared: 0.03591, Adjusted R-squared: 0.02944 Output:F-statistic: 5.55 on 1 and 149 DF, p-value: 0.01979 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.00010798 1.0798e-04 5.5496 0.01979 Output:Residuals 149 0.00289922 1.9458e-05 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.004806e-05 Output:[1] 7.863134e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.539015e-06 -4.823227e-05 Output:regressor -4.823227e-05 1.649714e-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) 0.0054776 0.0024818 2.2071 0.02884 Output:regressor 0.0956834 0.0898132 1.0654 0.28844 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	RO	0.0153	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0084398 -0.0030368 -0.0008308 0.0031168 0.0234525 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.006045 0.001273 4.749 4.75e-06 * Output:regressor 0.032750 0.017926 1.827 0.0697 . Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.004443 on 149 degrees of freedom Output:Multiple R-squared: 0.02191, Adjusted R-squared: 0.01535 Output:F-statistic: 3.338 on 1 and 149 DF, p-value: 0.06971 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.00006589 6.5888e-05 3.3377 0.06971 . Output:Residuals 149 0.00294132 1.9740e-05 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.004806e-05 Output:[1] 0.0004095343 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.620179e-06 -2.187761e-05 Output:regressor -2.187761e-05 3.213472e-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) 0.0060454 0.0022390 2.7001 0.007735 * Output:regressor 0.0327502 0.0367373 0.8915 0.374115 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	GB	-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:-0.0071649 -0.0031245 -0.0007489 0.0027613 0.0255373 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0085819 0.0007743 11.08 <2e-16 * Output:regressor -0.0109143 0.0242809 -0.45 0.654 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.004489 on 149 degrees of freedom Output:Multiple R-squared: 0.001354, Adjusted R-squared: -0.005348 Output:F-statistic: 0.2021 on 1 and 149 DF, p-value: 0.6537 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.00000407 4.0724e-06 0.2021 0.6537 Output:Residuals 149 0.00300314 2.0155e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.004806e-05 Output:[1] 0.0002279132 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 5.994788e-07 -1.657513e-05 Output:regressor -1.657513e-05 5.895600e-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) 0.0085819 0.0021919 3.9153 0.000137 * Output:regressor -0.0109143 0.0808127 -0.1351 0.892750 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	DE	-0.0065	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0072394 -0.0032568 -0.0008538 0.0028840 0.0249278 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.008445 0.001112 7.596 3.12e-12 * Output:regressor -0.001888 0.011698 -0.161 0.872 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.004492 on 149 degrees of freedom Output:Multiple R-squared: 0.0001748, Adjusted R-squared: -0.006535 Output:F-statistic: 0.02606 on 1 and 149 DF, p-value: 0.872 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.00000053 5.2580e-07 0.0261 0.872 Output:Residuals 149 0.00300668 2.0179e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.004806e-05 Output:[1] 0.0009830066 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.235951e-06 -0.0000122823 Output:regressor -1.228230e-05 0.0001368528 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0084445 0.0016990 4.9703 1.815e-06 * Output:regressor -0.0018883 0.0198835 -0.0950 0.9245 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:-1.250e-17 -1.283e-18 -8.970e-19 -4.640e-19 1.262e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.355e-17 1.808e-18 7.497e+00 5.41e-12 * Output:regressor 1.000e+00 5.669e-17 1.764e+16 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.048e-17 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 3.112e+32 on 1 and 149 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 0.034187 0.034187 3.1116e+32 < 2.2e-16 Output:Residuals 149 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] 0.0002279132 Output:[1] 0.0002279132 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 3.267818e-36 -9.035269e-35 Output:regressor -9.035269e-35 3.213750e-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) 1.3552e-17 2.0497e-18 6.6120e+00 6.355e-10 * Output:regressor 1.0000e+00 4.7231e-17 2.1172e+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	0.4251	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.045376 -0.008091 0.000889 0.007462 0.030628 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.004483 0.003219 -1.393 0.166 Output:regressor 1.114953 0.105404 10.578 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.01145 on 149 degrees of freedom Output:Multiple R-squared: 0.4289, Adjusted R-squared: 0.4251 Output:F-statistic: 111.9 on 1 and 149 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 0.014662 0.014662 111.89 < 2.2e-16 * Output:Residuals 149 0.019525 0.000131 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0002279132 Output:[1] 7.863134e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.036445e-05 -0.0003248189 Output:regressor -3.248189e-04 0.0111099519 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.0044832 0.0052357 -0.8563 0.3932 Output:regressor 1.1149532 0.2097849 5.3147 3.826e-07 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	DE	0.3181	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.026160 -0.010545 0.000438 0.009224 0.047413 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.003569 0.003085 1.157 0.249 Output:regressor 0.273488 0.032467 8.424 2.83e-14 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.01247 on 149 degrees of freedom Output:Multiple R-squared: 0.3226, Adjusted R-squared: 0.3181 Output:F-statistic: 70.96 on 1 and 149 DF, p-value: 2.834e-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 0.011029 0.0110287 70.959 2.834e-14 * Output:Residuals 149 0.023158 0.0001554 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0002279132 Output:[1] 0.0009830066 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 9.519621e-06 -9.460151e-05 Output:regressor -9.460151e-05 1.054077e-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) 0.0035693 0.0049925 0.7149 0.4758 Output:regressor 0.2734881 0.0470477 5.8130 3.598e-08 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	RO	0.2397	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.028320 -0.009553 -0.000184 0.008042 0.055544 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.002990 0.003771 0.793 0.429 Output:regressor 0.369042 0.053113 6.948 1.07e-10 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.01316 on 149 degrees of freedom Output:Multiple R-squared: 0.2447, Adjusted R-squared: 0.2397 Output:F-statistic: 48.28 on 1 and 149 DF, p-value: 1.073e-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 0.0083663 0.0083663 48.278 1.073e-10 * Output:Residuals 149 0.0258207 0.0001733 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0002279132 Output:[1] 0.0004095343 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.422292e-05 -0.000192055 Output:regressor -1.920550e-04 0.002820981 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0029897 0.0060834 0.4915 0.6238 Output:regressor 0.3690418 0.0731489 5.0451 1.302e-06 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	IT	0.1435	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.023174 -0.010859 0.000757 0.010006 0.046311 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.018875 0.002135 8.840 2.51e-15 * Output:regressor 0.974312 0.190598 5.112 9.65e-07 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.01397 on 149 degrees of freedom Output:Multiple R-squared: 0.1492, Adjusted R-squared: 0.1435 Output:F-statistic: 26.13 on 1 and 149 DF, p-value: 9.647e-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 0.005101 0.0051010 26.131 9.647e-07 Output:Residuals 149 0.029086 0.0001952 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0002279132 Output:[1] 3.582364e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 4.559457e-06 -0.0003444864 Output:regressor -3.444864e-04 0.0363275623 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0188752 0.0043152 4.3741 2.279e-05 *** Output:regressor 0.9743118 0.4199700 2.3200 0.0217 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	ES	0.0299	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.027407 -0.011932 -0.000817 0.008573 0.077561 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.042172 0.006051 6.969 9.61e-11 *** Output:regressor -0.496577 0.209452 -2.371 0.019 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.01487 on 149 degrees of freedom Output:Multiple R-squared: 0.03635, Adjusted R-squared: 0.02989 Output:F-statistic: 5.621 on 1 and 149 DF, p-value: 0.01903 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.001243 0.0012428 5.6209 0.01903 Output:Residuals 149 0.032944 0.0002211 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0002279132 Output:[1] 3.35994e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 3.662015e-05 -0.001241893 Output:regressor -1.241893e-03 0.043870225 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0421717 0.0079771 5.2866 4.356e-07 Output:regressor -0.4965773 0.3316823 -1.4971 0.1365 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	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:-0.028857 -0.013993 0.000636 0.009554 0.073455 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.029141 0.002595 11.23 <2e-16 * Output:regressor -0.124077 0.276033 -0.45 0.654 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.01514 on 149 degrees of freedom Output:Multiple R-squared: 0.001354, Adjusted R-squared: -0.005348 Output:F-statistic: 0.2021 on 1 and 149 DF, p-value: 0.6537 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.000046 4.6296e-05 0.2021 0.6537 Output:Residuals 149 0.034141 2.2913e-04 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0002279132 Output:[1] 2.004806e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 6.734976e-06 -0.0006305134 Output:regressor -6.305134e-04 0.0761942896 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0291412 0.0067887 4.2926 3.166e-05 * Output:regressor -0.1240771 0.9581432 -0.1295 0.8971 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"

Correlations for IT

Regressand	Regressor	R	R-Analysis Output
IT	IT	1.0000	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Error:Warning message: Error:In summary.lm(ols) : essentially perfect fit: summary may be unreliable Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.443e-17 -1.490e-20 1.150e-19 2.673e-19 1.582e-18 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -2.259e-18 1.889e-19 -1.196e+01 <2e-16 * Output:regressor 1.000e+00 1.686e-17 5.930e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.236e-18 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 3.516e+33 on 1 and 149 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 0.0053735 0.0053735 3.5164e+33 < 2.2e-16 Output:Residuals 149 0.0000000 0.0000000 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Error:Warning message: Error:In anova.lm(ols) : Error: ANOVA F-tests on an essentially perfect fit are unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 3.582364e-05 Output:[1] 3.582364e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 3.569273e-38 -2.696738e-36 Output:regressor -2.696738e-36 2.843826e-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) -2.2587e-18 3.3601e-19 -6.7221e+00 3.566e-10 * Output:regressor 1.0000e+00 2.7531e-17 3.6322e+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	0.1435	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0106353 -0.0052608 0.0006126 0.0037716 0.0140810 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0051772 0.0009553 5.419 2.35e-07 * Output:regressor 0.1531433 0.0299584 5.112 9.65e-07 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.005539 on 149 degrees of freedom Output:Multiple R-squared: 0.1492, Adjusted R-squared: 0.1435 Output:F-statistic: 26.13 on 1 and 149 DF, p-value: 9.647e-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 0.0008018 0.00080178 26.131 9.647e-07 Output:Residuals 149 0.0045718 0.00003068 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 3.582364e-05 Output:[1] 0.0002279132 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 9.126041e-07 -2.523281e-05 Output:regressor -2.523281e-05 8.975044e-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) 0.0051772 0.0018979 2.7279 0.007141 ** Output:regressor 0.1531433 0.0612356 2.5009 0.013470 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	CH	0.1411	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0120072 -0.0050389 0.0004459 0.0043402 0.0153160 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.00192 0.00156 1.231 0.22 Output:regressor 0.25866 0.05108 5.064 1.19e-06 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.005547 on 149 degrees of freedom Output:Multiple R-squared: 0.1469, Adjusted R-squared: 0.1411 Output:F-statistic: 25.65 on 1 and 149 DF, p-value: 1.194e-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 0.0007891 0.00078914 25.648 1.194e-06 * Output:Residuals 149 0.0045844 0.00003077 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 3.582364e-05 Output:[1] 7.863134e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.433570e-06 -7.626735e-05 Output:regressor -7.626735e-05 2.608613e-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) 0.0019203 0.0026500 0.7246 0.469803 Output:regressor 0.2586629 0.0981543 2.6353 0.009296 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	FR	0.1051	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0117835 -0.0045728 -0.0005444 0.0034534 0.0140689 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0057961 0.0009707 5.971 1.66e-08 * Output:regressor 0.4455106 0.1032495 4.315 2.90e-05 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.005662 on 149 degrees of freedom Output:Multiple R-squared: 0.1111, Adjusted R-squared: 0.1051 Output:F-statistic: 18.62 on 1 and 149 DF, p-value: 2.895e-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 0.0005969 0.00059687 18.618 2.895e-05 Output:Residuals 149 0.0047767 0.00003206 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 3.582364e-05 Output:[1] 2.004806e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 9.423009e-07 -0.0000882161 Output:regressor -8.821610e-05 0.0106604597 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0057961 0.0023392 2.4779 0.01433 * Output:regressor 0.4455106 0.2079603 2.1423 0.03380 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	RO	0.0796	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0087706 -0.0053096 0.0006374 0.0043427 0.0212241 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.003588 0.001645 2.181 0.030747 * Output:regressor 0.086585 0.023168 3.737 0.000265 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.005742 on 149 degrees of freedom Output:Multiple R-squared: 0.0857, Adjusted R-squared: 0.07957 Output:F-statistic: 13.97 on 1 and 149 DF, p-value: 0.0002645 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0004605 0.00046054 13.967 0.0002645 * Output:Residuals 149 0.0049130 0.00003297 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 3.582364e-05 Output:[1] 0.0004095343 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.706252e-06 -3.654307e-05 Output:regressor -3.654307e-05 5.367594e-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) 0.0035880 0.0026666 1.3455 0.1805 Output:regressor 0.0865848 0.0385847 2.2440 0.0263 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	DE	0.0282	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0098757 -0.0049283 0.0006542 0.0043040 0.0217204 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.006293 0.001460 4.310 2.96e-05 *** Output:regressor 0.035541 0.015366 2.313 0.0221 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.0059 on 149 degrees of freedom Output:Multiple R-squared: 0.03466, Adjusted R-squared: 0.02818 Output:F-statistic: 5.35 on 1 and 149 DF, p-value: 0.02209 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0001863 1.8626e-04 5.3501 0.02209 Output:Residuals 149 0.0051873 3.4814e-05 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 3.582364e-05 Output:[1] 0.0009830066 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.132327e-06 -2.119007e-05 Output:regressor -2.119007e-05 2.361057e-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) 0.0062930 0.0024049 2.6167 0.009793 * Output:regressor 0.0355413 0.0297986 1.1927 0.234876 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	ES	0.0148	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0113630 -0.0048136 0.0003043 0.0040962 0.0225236 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.005211 0.002418 2.155 0.0327 * Output:regressor 0.150905 0.083683 1.803 0.0734 . Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.005941 on 149 degrees of freedom Output:Multiple R-squared: 0.02136, Adjusted R-squared: 0.01479 Output:F-statistic: 3.252 on 1 and 149 DF, p-value: 0.07336 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0001148 1.1477e-04 3.2518 0.07336 . Output:Residuals 149 0.0052588 3.5294e-05 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 3.582364e-05 Output:[1] 3.35994e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 5.845557e-06 -0.0001982393 Output:regressor -1.982393e-04 0.0070028627 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0052109 0.0034236 1.5221 0.1301 Output:regressor 0.1509045 0.1197417 1.2602 0.2095 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:-1.524e-17 -1.863e-18 -1.208e-18 1.010e-19 1.431e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 5.421e-17 3.437e-18 1.577e+01 <2e-16 * Output:regressor 1.000e+00 4.841e-17 2.066e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.2e-17 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 4.268e+32 on 1 and 149 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 0.06143 0.06143 4.2677e+32 < 2.2e-16 Output:Residuals 149 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] 0.0004095343 Output:[1] 0.0004095343 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.181400e-35 -1.595269e-34 Output:regressor -1.595269e-34 2.343196e-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) 5.4209e-17 5.8627e-18 9.2464e+00 2.27e-16 * Output:regressor 1.0000e+00 7.3383e-17 1.3627e+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	0.4369	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.030872 -0.010925 -0.001193 0.009332 0.042215 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.029627 0.003758 7.883 6.24e-13 * Output:regressor 0.428465 0.039547 10.834 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.01519 on 149 degrees of freedom Output:Multiple R-squared: 0.4407, Adjusted R-squared: 0.4369 Output:F-statistic: 117.4 on 1 and 149 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 0.027069 0.0270694 117.38 < 2.2e-16 Output:Residuals 149 0.034361 0.0002306 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0004095343 Output:[1] 0.0009830066 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.412459e-05 -0.0001403635 Output:regressor -1.403635e-04 0.0015639696 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0296269 0.0069093 4.2880 3.226e-05 * Output:regressor 0.4284652 0.0774676 5.5309 1.394e-07 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	CH	0.3201	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.034787 -0.013361 -0.002577 0.012256 0.045367 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.030066 0.004693 6.407 1.84e-09 * Output:regressor 1.300258 0.153649 8.462 2.26e-14 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.01669 on 149 degrees of freedom Output:Multiple R-squared: 0.3246, Adjusted R-squared: 0.3201 Output:F-statistic: 71.61 on 1 and 149 DF, p-value: 2.264e-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 0.019941 0.0199410 71.614 2.264e-14 Output:Residuals 149 0.041489 0.0002785 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0004095343 Output:[1] 7.863134e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.202399e-05 -0.0006902252 Output:regressor -6.902252e-04 0.0236081370 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0300656 0.0071411 4.2102 4.395e-05 * Output:regressor 1.3002579 0.2406073 5.4041 2.528e-07 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	GB	0.2397	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.037632 -0.012988 -0.001368 0.012697 0.048987 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.049438 0.003043 16.245 < 2e-16 * Output:regressor 0.663126 0.095438 6.948 1.07e-10 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.01765 on 149 degrees of freedom Output:Multiple R-squared: 0.2447, Adjusted R-squared: 0.2397 Output:F-statistic: 48.28 on 1 and 149 DF, p-value: 1.073e-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 0.015033 0.0150333 48.278 1.073e-10 Output:Residuals 149 0.046397 0.0003114 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0004095343 Output:[1] 0.0002279132 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 9.261631e-06 -0.0002560771 Output:regressor -2.560771e-04 0.0091083912 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0494375 0.0047766 10.3500 < 2e-16 * Output:regressor 0.6631264 0.2067544 3.2073 0.00164 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	IT	0.0796	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.039754 -0.015454 -0.005155 0.015671 0.056045 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.058695 0.002967 19.781 < 2e-16 * Output:regressor 0.989834 0.264856 3.737 0.000265 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.01942 on 149 degrees of freedom Output:Multiple R-squared: 0.0857, Adjusted R-squared: 0.07957 Output:F-statistic: 13.97 on 1 and 149 DF, p-value: 0.0002645 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.005265 0.0052648 13.967 0.0002645 Output:Residuals 149 0.056165 0.0003769 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0004095343 Output:[1] 3.582364e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 8.804357e-06 -0.0006652067 Output:regressor -6.652067e-04 0.0701488931 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0586945 0.0052311 11.2202 < 2e-16 *** Output:regressor 0.9898342 0.4967020 1.9928 0.04811 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	FR	0.0153	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.036855 -0.014324 -0.004896 0.012583 0.066345 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.062545 0.003443 18.167 <2e-16 * Output:regressor 0.669008 0.366189 1.827 0.0697 . Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.02008 on 149 degrees of freedom Output:Multiple R-squared: 0.02191, Adjusted R-squared: 0.01535 Output:F-statistic: 3.338 on 1 and 149 DF, p-value: 0.06971 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.001346 0.00134594 3.3377 0.06971 . Output:Residuals 149 0.060084 0.00040325 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0004095343 Output:[1] 2.004806e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.185289e-05 -0.001109641 Output:regressor -1.109641e-03 0.134094346 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0625448 0.0085934 7.2782 1.801e-11 Output:regressor 0.6690080 0.7016471 0.9535 0.3419 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	ES	0.0002	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.038758 -0.014003 -0.004543 0.013440 0.063574 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.059901 0.008235 7.274 1.84e-11 * Output:regressor 0.288958 0.285032 1.014 0.312 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.02024 on 149 degrees of freedom Output:Multiple R-squared: 0.00685, Adjusted R-squared: 0.0001849 Output:F-statistic: 1.028 on 1 and 149 DF, p-value: 0.3123 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.000421 0.00042082 1.0277 0.3123 Output:Residuals 149 0.061009 0.00040946 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0004095343 Output:[1] 3.35994e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 6.781683e-05 -0.00229986 Output:regressor -2.299860e-03 0.08124323 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.059901 0.010265 5.8352 3.229e-08 * Output:regressor 0.288958 0.324225 0.8912 0.3742 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		0.0282		-0.0067		0.0058		-0.0053		-0.0064		-0.0061
DE		0.0282		1.0000		0.0524		-0.0015		0.0821		0.0882		0.0513
ES		-0.0067		0.0524		1.0000		0.0170		0.0362		0.0128		0.1420
FR		0.0058		-0.0015		0.0170		1.0000		0.0010		-0.0067		0.0007
GB		-0.0053		0.0821		0.0362		0.0010		1.0000		0.0475		0.0324
IT		-0.0064		0.0882		0.0128		-0.0067		0.0475		1.0000		-0.0065
RO		-0.0061		0.0513		0.1420		0.0007		0.0324		-0.0065		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:-6.806e-16 8.500e-19 3.800e-18 7.060e-18 5.270e-17 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -2.891e-16 2.027e-17 -1.427e+01 <2e-16 * Output:regressor 1.000e+00 4.212e-17 2.374e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 5.688e-17 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 5.638e+32 on 1 and 149 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 1.8243 1.8243 5.6378e+32 < 2.2e-16 Output:Residuals 149 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] 0.01216201 Output:[1] 0.01216201 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 4.107148e-34 -8.309558e-34 Output:regressor -8.309558e-34 1.773731e-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) -2.8912e-16 2.8650e-17 -1.0091e+01 < 2.2e-16 * Output:regressor 1.0000e+00 5.2887e-17 1.8908e+16 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------" Error:Warning message: Error:In summary.lm(x) : essentially perfect fit: summary may be unreliable
CH	DE	0.0282	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.28881 -0.06835 -0.00453 0.05943 0.35343 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.35568 0.04955 7.179 3.09e-11 *** Output:regressor 0.20388 0.08812 2.314 0.022 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1087 on 149 degrees of freedom Output:Multiple R-squared: 0.03468, Adjusted R-squared: 0.0282 Output:F-statistic: 5.354 on 1 and 149 DF, p-value: 0.02205 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.06327 0.063273 5.3535 0.02205 Output:Residuals 149 1.76103 0.011819 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01216201 Output:[1] 0.01014751 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.002454756 -0.004295682 Output:regressor -0.004295682 0.007764781 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.355685 0.087093 4.0840 7.201e-05 Output:regressor 0.203885 0.142309 1.4327 0.154 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	FR	0.0058	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.32123 -0.07018 0.00280 0.06010 0.36092 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.48994 0.01805 27.142 <2e-16 * Output:regressor -0.08735 0.06382 -1.369 0.173 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.11 on 149 degrees of freedom Output:Multiple R-squared: 0.01242, Adjusted R-squared: 0.005787 Output:F-statistic: 1.873 on 1 and 149 DF, p-value: 0.1732 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.02265 0.022649 1.8732 0.1732 Output:Residuals 149 1.80165 0.012092 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01216201 Output:[1] 0.01979128 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0003258432 -0.001000509 Output:regressor -0.0010005089 0.004073049 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.489935 0.020855 23.4920 < 2e-16 * Output:regressor -0.087347 0.044443 -1.9654 0.05123 . Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	GB	-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:-0.32217 -0.07180 0.00211 0.06401 0.35863 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.46446 0.01261 36.843 <2e-16 * Output:regressor 0.18075 0.39673 0.456 0.649 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1106 on 149 degrees of freedom Output:Multiple R-squared: 0.001391, Adjusted R-squared: -0.005311 Output:F-statistic: 0.2076 on 1 and 149 DF, p-value: 0.6493 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.00254 0.0025378 0.2076 0.6493 Output:Residuals 149 1.82176 0.0122266 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01216201 Output:[1] 0.0005178785 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0001589231 -0.003502736 Output:regressor -0.0035027363 0.157393483 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.464457 0.019135 24.273 <2e-16 * Output:regressor 0.180746 0.363659 0.497 0.6199 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	RO	-0.0061	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.33067 -0.07012 0.00725 0.06404 0.35500 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.48075 0.04245 11.326 <2e-16 * Output:regressor -0.02295 0.07757 -0.296 0.768 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1106 on 149 degrees of freedom Output:Multiple R-squared: 0.000587, Adjusted R-squared: -0.006121 Output:F-statistic: 0.08751 on 1 and 149 DF, p-value: 0.7678 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.00107 0.0010708 0.0875 0.7678 Output:Residuals 149 1.82323 0.0122365 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01216201 Output:[1] 0.01355607 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001801601 -0.003217737 Output:regressor -0.003217737 0.006017696 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.480750 0.097750 4.9181 2.284e-06 * Output:regressor -0.022948 0.161738 -0.1419 0.8874 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	IT	-0.0064	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.32660 -0.07022 0.00326 0.06431 0.35777 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.473229 0.023771 19.908 <2e-16 * Output:regressor -0.008143 0.037717 -0.216 0.829 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1106 on 149 degrees of freedom Output:Multiple R-squared: 0.0003128, Adjusted R-squared: -0.006397 Output:F-statistic: 0.04662 on 1 and 149 DF, p-value: 0.8294 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.00057 0.0005706 0.0466 0.8294 Output:Residuals 149 1.82373 0.0122398 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01216201 Output:[1] 0.05736082 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0005650408 -0.0008297529 Output:regressor -0.0008297529 0.0014225514 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.4732291 0.0183045 25.8531 <2e-16 * Output:regressor -0.0081434 0.0311075 -0.2618 0.7939 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	ES	-0.0067	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.32205 -0.07004 0.00264 0.06403 0.35856 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.45938 0.09936 4.623 8.13e-06 * Output:regressor 0.01383 0.15041 0.092 0.927 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1106 on 149 degrees of freedom Output:Multiple R-squared: 5.675e-05, Adjusted R-squared: -0.006654 Output:F-statistic: 0.008457 on 1 and 149 DF, p-value: 0.9269 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0001 0.0001035 0.0085 0.9269 Output:Residuals 149 1.8242 0.0122429 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01216201 Output:[1] 0.003607828 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.009872803 -0.01488346 Output:regressor -0.014883461 0.02262292 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.459379 0.220397 2.0843 0.03884 * Output:regressor 0.013832 0.319491 0.0433 0.96553 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"

Correlations for DE

Regressand	Regressor	R	R-Analysis Output
DE	DE	1.0000	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Error:Warning message: Error:In summary.lm(ols) : essentially perfect fit: summary may be unreliable Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-7.087e-17 -7.870e-18 -5.170e-18 -3.130e-18 8.551e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -5.059e-16 3.222e-17 -1.571e+01 <2e-16 * Output:regressor 1.000e+00 5.730e-17 1.745e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 7.069e-17 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 3.046e+32 on 1 and 149 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 1.5221 1.5221 3.0461e+32 < 2.2e-16 Output:Residuals 149 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] 0.01014751 Output:[1] 0.01014751 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.037843e-33 -1.816165e-33 Output:regressor -1.816165e-33 3.282860e-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) -5.0595e-16 6.3642e-18 -7.9499e+01 < 2.2e-16 * Output:regressor 1.0000e+00 1.8940e-17 5.2798e+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	IT	0.0882	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.290329 -0.067745 0.003036 0.071176 0.211390 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.62856 0.02067 30.414 < 2e-16 * Output:regressor -0.12916 0.03279 -3.939 0.000125 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.09619 on 149 degrees of freedom Output:Multiple R-squared: 0.0943, Adjusted R-squared: 0.08822 Output:F-statistic: 15.51 on 1 and 149 DF, p-value: 0.0001254 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.14354 0.143538 15.514 0.0001254 Output:Residuals 149 1.37859 0.009252 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01014751 Output:[1] 0.05736082 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0004271239 -0.0006272242 Output:regressor -0.0006272242 0.0010753306 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.628564 0.029484 21.3190 <2e-16 * Output:regressor -0.129161 0.044889 -2.8774 0.0046 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	GB	0.0821	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.30755 -0.06250 0.01161 0.07704 0.18746 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.5240 0.0110 47.619 < 2e-16 * Output:regressor 1.3146 0.3463 3.796 0.000213 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.09651 on 149 degrees of freedom Output:Multiple R-squared: 0.0882, Adjusted R-squared: 0.08208 Output:F-statistic: 14.41 on 1 and 149 DF, p-value: 0.0002131 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.13425 0.134246 14.412 0.0002131 Output:Residuals 149 1.38788 0.009315 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01014751 Output:[1] 0.0005178785 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0001210729 -0.002668502 Output:regressor -0.0026685023 0.119907649 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.52397 0.01583 33.0993 < 2e-16 *** Output:regressor 1.31459 0.50750 2.5903 0.01054 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	ES	0.0524	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.305293 -0.057249 0.004471 0.073133 0.219031 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.28581 0.08806 3.246 0.00145 Output:regressor 0.40648 0.13330 3.049 0.00271 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.09806 on 149 degrees of freedom Output:Multiple R-squared: 0.05874, Adjusted R-squared: 0.05243 Output:F-statistic: 9.299 on 1 and 149 DF, p-value: 0.002714 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.08941 0.089415 9.299 0.002714 * Output:Residuals 149 1.43271 0.009616 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01014751 Output:[1] 0.003607828 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.00775403 -0.01168937 Output:regressor -0.01168937 0.01776788 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.28581 0.10615 2.6925 0.007904 * Output:regressor 0.40648 0.16677 2.4373 0.015975 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	RO	0.0513	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.311791 -0.056194 0.005573 0.067138 0.219800 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.44217 0.03765 11.745 < 2e-16 * Output:regressor 0.20769 0.06881 3.018 0.00299 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.09812 on 149 degrees of freedom Output:Multiple R-squared: 0.05763, Adjusted R-squared: 0.0513 Output:F-statistic: 9.111 on 1 and 149 DF, p-value: 0.002989 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.08771 0.087714 9.1113 0.002989 * Output:Residuals 149 1.43441 0.009627 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01014751 Output:[1] 0.01355607 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001417396 -0.002531531 Output:regressor -0.002531531 0.004734377 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.442171 0.041512 10.6516 < 2e-16 ** Output:regressor 0.207693 0.081413 2.5511 0.01175 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	CH	0.0282	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.309222 -0.057483 0.007659 0.065052 0.235490 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.47353 0.03538 13.385 <2e-16 *** Output:regressor 0.17011 0.07352 2.314 0.022 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.0993 on 149 degrees of freedom Output:Multiple R-squared: 0.03468, Adjusted R-squared: 0.0282 Output:F-statistic: 5.354 on 1 and 149 DF, p-value: 0.02205 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.05279 0.052793 5.3535 0.02205 Output:Residuals 149 1.46933 0.009861 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01014751 Output:[1] 0.01216201 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001251671 -0.002532374 Output:regressor -0.002532374 0.005405522 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.473532 0.056646 8.3596 4.105e-14 Output:regressor 0.170114 0.117429 1.4486 0.1495 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	FR	-0.0015	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.289200 -0.062038 0.006774 0.071860 0.226481 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.56590 0.01655 34.196 <2e-16 * Output:regressor -0.05161 0.05851 -0.882 0.379 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1008 on 149 degrees of freedom Output:Multiple R-squared: 0.005195, Adjusted R-squared: -0.001481 Output:F-statistic: 0.7782 on 1 and 149 DF, p-value: 0.3791 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.00791 0.0079082 0.7782 0.3791 Output:Residuals 149 1.51422 0.0101625 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01014751 Output:[1] 0.01979128 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0002738586 -0.0008408888 Output:regressor -0.0008408888 0.0034232398 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.565905 0.024516 23.0827 <2e-16 * Output:regressor -0.051613 0.057881 -0.8917 0.374 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:-2.725e-17 -3.486e-18 -2.157e-18 4.580e-19 2.348e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -1.446e-16 1.789e-17 -8.079e+00 2.05e-13 * Output:regressor 1.000e+00 2.708e-17 3.692e+16 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.992e-17 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 1.363e+33 on 1 and 149 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 0.54117 0.54117 1.3632e+33 < 2.2e-16 Output:Residuals 149 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] 0.003607828 Output:[1] 0.003607828 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 3.201314e-34 -4.826049e-34 Output:regressor -4.826049e-34 7.335615e-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) -1.4456e-16 2.9753e-17 -4.8586e+00 2.964e-06 * Output:regressor 1.0000e+00 4.7085e-17 2.1238e+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	0.1420	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.205757 -0.029387 0.002175 0.040047 0.119295 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.55188 0.02135 25.851 < 2e-16 * Output:regressor 0.19826 0.03902 5.081 1.11e-06 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.05564 on 149 degrees of freedom Output:Multiple R-squared: 0.1477, Adjusted R-squared: 0.142 Output:F-statistic: 25.82 on 1 and 149 DF, p-value: 1.108e-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 0.07992 0.079924 25.818 1.108e-06 Output:Residuals 149 0.46125 0.003096 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.003607828 Output:[1] 0.01355607 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0004557782 -0.0008140398 Output:regressor -0.0008140398 0.0015223877 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.551883 0.041140 13.4147 < 2.2e-16 * Output:regressor 0.198256 0.069001 2.8732 0.004657 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	DE	0.0524	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.220790 -0.032522 0.002805 0.037860 0.138572 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.57794 0.02665 21.689 < 2e-16 * Output:regressor 0.14452 0.04739 3.049 0.00271 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.05847 on 149 degrees of freedom Output:Multiple R-squared: 0.05874, Adjusted R-squared: 0.05243 Output:F-statistic: 9.299 on 1 and 149 DF, p-value: 0.002714 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.03179 0.031790 9.299 0.002714 * Output:Residuals 149 0.50938 0.003419 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.003607828 Output:[1] 0.01014751 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0007100471 -0.001242542 Output:regressor -0.0012425417 0.002245991 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.57794 0.04099 14.0997 < 2e-16 ** Output:regressor 0.14452 0.06522 2.2159 0.02822 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	GB	0.0362	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.224290 -0.032201 0.004793 0.039809 0.162018 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.645771 0.006723 96.053 <2e-16 *** Output:regressor 0.544676 0.211576 2.574 0.011 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.05897 on 149 degrees of freedom Output:Multiple R-squared: 0.04259, Adjusted R-squared: 0.03616 Output:F-statistic: 6.627 on 1 and 149 DF, p-value: 0.01102 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.02305 0.0230460 6.6274 0.01102 Output:Residuals 149 0.51813 0.0034774 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.003607828 Output:[1] 0.0005178785 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 4.519933e-05 -0.0009962138 Output:regressor -9.962138e-04 0.0447643059 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.645771 0.011962 53.9849 < 2e-16 ** Output:regressor 0.544676 0.221429 2.4598 0.01504 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	FR	0.0170	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.238335 -0.033719 0.005763 0.039382 0.140622 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.641788 0.009776 65.650 <2e-16 * Output:regressor 0.065561 0.034563 1.897 0.0598 . Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.05955 on 149 degrees of freedom Output:Multiple R-squared: 0.02358, Adjusted R-squared: 0.01703 Output:F-statistic: 3.598 on 1 and 149 DF, p-value: 0.05978 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.01276 0.0127603 3.5981 0.05978 . Output:Residuals 149 0.52841 0.0035464 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.003607828 Output:[1] 0.01979128 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 9.556788e-05 -0.0002934433 Output:regressor -2.934433e-04 0.0011946012 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.641788 0.012341 52.0049 <2e-16 Output:regressor 0.065561 0.045798 1.4315 0.1544 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	IT	0.0128	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.231245 -0.033295 0.004411 0.041177 0.129553 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.67824 0.01282 52.892 <2e-16 * Output:regressor -0.03488 0.02035 -1.714 0.0886 . Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.05968 on 149 degrees of freedom Output:Multiple R-squared: 0.01934, Adjusted R-squared: 0.01276 Output:F-statistic: 2.939 on 1 and 149 DF, p-value: 0.08857 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.01047 0.0104665 2.9385 0.08857 . Output:Residuals 149 0.53071 0.0035618 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.003607828 Output:[1] 0.05736082 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0001644275 -0.0002414590 Output:regressor -0.0002414590 0.0004139639 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.678237 0.019655 34.5062 <2e-16 Output:regressor -0.034878 0.028085 -1.2418 0.2162 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	CH	-0.0067	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.229822 -0.034480 0.004578 0.038127 0.149613 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.655971 0.021470 30.552 <2e-16 * Output:regressor 0.004103 0.044618 0.092 0.927 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.06026 on 149 degrees of freedom Output:Multiple R-squared: 5.675e-05, Adjusted R-squared: -0.006654 Output:F-statistic: 0.008457 on 1 and 149 DF, p-value: 0.9269 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.00003 0.0000307 0.0085 0.9269 Output:Residuals 149 0.54114 0.0036318 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.003607828 Output:[1] 0.01216201 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0004609801 -0.0009326523 Output:regressor -0.0009326523 0.0019908085 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.6559707 0.0471615 13.909 <2e-16 * Output:regressor 0.0041031 0.0911851 0.045 0.9642 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:-1.360e-16 -3.997e-18 7.440e-19 6.970e-18 3.629e-17 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.000e+00 2.542e-18 0.000e+00 1 Output:regressor 1.000e+00 8.988e-18 1.113e+17 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.549e-17 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 1.238e+34 on 1 and 149 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 2.9687 2.9687 1.2378e+34 < 2.2e-16 * Output:Residuals 149 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] 0.01979128 Output:[1] 0.01979128 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 6.463033e-36 -1.984489e-35 Output:regressor -1.984489e-35 8.078810e-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 3.5230e-18 0.0000e+00 1 Output:regressor 1.0000e+00 1.7604e-17 5.6807e+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] "-------------------------------------------------------------------------------------------"
FR	ES	0.0170	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.25590 -0.08229 -0.01960 0.05619 0.49116 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.009033 0.125252 0.072 0.9426 Output:regressor 0.359646 0.189600 1.897 0.0598 . Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1395 on 149 degrees of freedom Output:Multiple R-squared: 0.02358, Adjusted R-squared: 0.01703 Output:F-statistic: 3.598 on 1 and 149 DF, p-value: 0.05978 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0700 0.069998 3.5981 0.05978 . Output:Residuals 149 2.8987 0.019454 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01979128 Output:[1] 0.003607828 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.01568811 -0.02365016 Output:regressor -0.02365016 0.03594834 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0090326 0.1863291 0.0485 0.9614 Output:regressor 0.3596461 0.2703060 1.3305 0.1854 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	CH	0.0058	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.25721 -0.08879 -0.01445 0.05358 0.48975 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.31223 0.04998 6.248 4.14e-09 * Output:regressor -0.14214 0.10386 -1.369 0.173 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1403 on 149 degrees of freedom Output:Multiple R-squared: 0.01242, Adjusted R-squared: 0.005787 Output:F-statistic: 1.873 on 1 and 149 DF, p-value: 0.1732 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.03686 0.036858 1.8732 0.1732 Output:Residuals 149 2.93183 0.019677 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01979128 Output:[1] 0.01216201 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.002497520 -0.005052969 Output:regressor -0.005052969 0.010785900 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.312231 0.044577 7.0043 7.951e-11 * Output:regressor -0.142140 0.072606 -1.9577 0.05213 . Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	GB	0.0010	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.23761 -0.09472 -0.00816 0.05166 0.49619 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.23357 0.01603 14.570 <2e-16 * Output:regressor 0.54251 0.50449 1.075 0.284 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1406 on 149 degrees of freedom Output:Multiple R-squared: 0.007701, Adjusted R-squared: 0.001042 Output:F-statistic: 1.156 on 1 and 149 DF, p-value: 0.2839 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.02286 0.022863 1.1564 0.2839 Output:Residuals 149 2.94583 0.019771 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01979128 Output:[1] 0.0005178785 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0002569817 -0.005663994 Output:regressor -0.0056639936 0.254508360 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.233568 0.020072 11.6364 <2e-16 * Output:regressor 0.542509 0.397363 1.3653 0.1742 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	RO	0.0007	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.23913 -0.09547 -0.00947 0.05253 0.48353 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.19007 0.05396 3.522 0.000568 * Output:regressor 0.10393 0.09862 1.054 0.293679 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1406 on 149 degrees of freedom Output:Multiple R-squared: 0.007398, Adjusted R-squared: 0.0007361 Output:F-statistic: 1.11 on 1 and 149 DF, p-value: 0.2937 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.02196 0.021962 1.1105 0.2937 Output:Residuals 149 2.94673 0.019777 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01979128 Output:[1] 0.01355607 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.002911770 -0.005200548 Output:regressor -0.005200548 0.009725877 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.190071 0.050841 3.7385 0.0002633 * Output:regressor 0.103926 0.094128 1.1041 0.2713340 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	DE	-0.0015	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.23933 -0.09468 -0.01233 0.05477 0.49350 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.30133 0.06416 4.696 5.96e-06 * Output:regressor -0.10066 0.11411 -0.882 0.379 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1408 on 149 degrees of freedom Output:Multiple R-squared: 0.005195, Adjusted R-squared: -0.001481 Output:F-statistic: 0.7782 on 1 and 149 DF, p-value: 0.3791 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.01542 0.015424 0.7782 0.3791 Output:Residuals 149 2.95327 0.019821 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01979128 Output:[1] 0.01014751 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.004116657 -0.007203914 Output:regressor -0.007203914 0.013021638 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.301331 0.082867 3.6363 0.0003803 * Output:regressor -0.100663 0.134582 -0.7480 0.4556589 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	IT	-0.0067	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.24543 -0.09583 -0.00976 0.05330 0.49174 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.243245 0.030327 8.021 2.86e-13 * Output:regressor 0.004108 0.048120 0.085 0.932 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1411 on 149 degrees of freedom Output:Multiple R-squared: 4.89e-05, Adjusted R-squared: -0.006662 Output:F-statistic: 0.007286 on 1 and 149 DF, p-value: 0.9321 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.00015 0.0001452 0.0073 0.9321 Output:Residuals 149 2.96855 0.0199231 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01979128 Output:[1] 0.05736082 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0009197351 -0.001350616 Output:regressor -0.0013506156 0.002315533 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.2432454 0.0212284 11.4585 <2e-16 * Output:regressor 0.0041075 0.0418546 0.0981 0.922 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:-1.522e-17 -1.146e-18 -7.560e-19 -2.280e-19 1.695e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -1.807e-17 1.605e-18 -1.126e+01 <2e-16 * Output:regressor 1.000e+00 5.050e-17 1.980e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.407e-17 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 3.921e+32 on 1 and 149 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 3.9212e+32 < 2.2e-16 Output:Residuals 149 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] 0.0005178785 Output:[1] 0.0005178785 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.575003e-36 -5.675423e-35 Output:regressor -5.675423e-35 2.550220e-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) -1.8070e-17 5.9787e-19 -3.0223e+01 < 2.2e-16 * Output:regressor 1.0000e+00 6.7691e-17 1.4773e+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	DE	0.0821	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.030990 -0.012280 -0.005719 0.006971 0.107607 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.014861 0.009936 -1.496 0.136860 Output:regressor 0.067090 0.017672 3.796 0.000213 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.0218 on 149 degrees of freedom Output:Multiple R-squared: 0.0882, Adjusted R-squared: 0.08208 Output:F-statistic: 14.41 on 1 and 149 DF, p-value: 0.0002131 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.006851 0.0068512 14.412 0.0002131 * Output:Residuals 149 0.070831 0.0004754 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0005178785 Output:[1] 0.01014751 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 9.873302e-05 -0.0001727771 Output:regressor -1.727771e-04 0.0003123081 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.014861 0.022580 -0.6582 0.5114 Output:regressor 0.067090 0.043660 1.5367 0.1265 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	IT	0.0475	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.035111 -0.012431 -0.005737 0.004598 0.110050 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.035111 0.004772 7.358 1.17e-11 * Output:regressor -0.022041 0.007572 -2.911 0.00416 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.02221 on 149 degrees of freedom Output:Multiple R-squared: 0.05381, Adjusted R-squared: 0.04746 Output:F-statistic: 8.474 on 1 and 149 DF, p-value: 0.004157 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.004180 0.0041800 8.4735 0.004157 * Output:Residuals 149 0.073502 0.0004933 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0005178785 Output:[1] 0.05736082 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.277282e-05 -3.344150e-05 Output:regressor -3.344150e-05 5.733303e-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) 0.0351109 0.0083968 4.1815 4.923e-05 Output:regressor -0.0220412 0.0114478 -1.9254 0.05609 . Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	ES	0.0362	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.033974 -0.011915 -0.006197 0.004021 0.120091 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.02918 0.02006 -1.455 0.148 Output:regressor 0.07818 0.03037 2.574 0.011 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.02234 on 149 degrees of freedom Output:Multiple R-squared: 0.04259, Adjusted R-squared: 0.03616 Output:F-statistic: 6.627 on 1 and 149 DF, p-value: 0.01102 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.003308 0.0033081 6.6274 0.01102 Output:Residuals 149 0.074374 0.0004992 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0005178785 Output:[1] 0.003607828 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0004025202 -0.0006068078 Output:regressor -0.0006068078 0.0009223503 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.029182 0.017975 -1.6235 0.10660 Output:regressor 0.078184 0.030400 2.5718 0.01109 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	RO	0.0324	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.028201 -0.011650 -0.006833 0.005788 0.121377 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.001654 0.008589 0.193 0.8476 Output:regressor 0.038527 0.015698 2.454 0.0153 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.02239 on 149 degrees of freedom Output:Multiple R-squared: 0.03885, Adjusted R-squared: 0.0324 Output:F-statistic: 6.023 on 1 and 149 DF, p-value: 0.01527 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.003018 0.0030183 6.0233 0.01527 Output:Residuals 149 0.074664 0.0005011 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0005178785 Output:[1] 0.01355607 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 7.377773e-05 -0.0001317703 Output:regressor -1.317703e-04 0.0002464320 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0016538 0.0118722 0.1393 0.8894 Output:regressor 0.0385270 0.0243087 1.5849 0.1151 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	FR	0.0010	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.024263 -0.012768 -0.007143 0.004962 0.124791 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.018768 0.003734 5.026 1.41e-06 * Output:regressor 0.014196 0.013201 1.075 0.284 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.02275 on 149 degrees of freedom Output:Multiple R-squared: 0.007701, Adjusted R-squared: 0.001042 Output:F-statistic: 1.156 on 1 and 149 DF, p-value: 0.2839 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.000598 0.00059826 1.1564 0.2839 Output:Residuals 149 0.077084 0.00051734 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0005178785 Output:[1] 0.01979128 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.394117e-05 -4.280667e-05 Output:regressor -4.280667e-05 1.742650e-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) 0.0187676 0.0035065 5.3523 3.216e-07 * Output:regressor 0.0141958 0.0094436 1.5032 0.1349 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	CH	-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:-0.022787 -0.013018 -0.007355 0.004789 0.123243 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.018649 0.008129 2.294 0.0232 * Output:regressor 0.007696 0.016893 0.456 0.6493 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.02282 on 149 degrees of freedom Output:Multiple R-squared: 0.001391, Adjusted R-squared: -0.005311 Output:F-statistic: 0.2076 on 1 and 149 DF, p-value: 0.6493 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.000108 0.00010806 0.2076 0.6493 Output:Residuals 149 0.077574 0.00052063 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0005178785 Output:[1] 0.01216201 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 6.608216e-05 -0.0001336971 Output:regressor -1.336971e-04 0.0002853853 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0186490 0.0086979 2.1441 0.03365 Output:regressor 0.0076965 0.0149949 0.5133 0.60852 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:-5.720e-16 -3.690e-18 4.530e-18 1.009e-17 9.100e-17 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -1.446e-16 1.066e-17 -1.356e+01 <2e-16 * Output:regressor 1.000e+00 1.691e-17 5.913e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 4.961e-17 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 3.496e+33 on 1 and 149 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 8.6041 8.6041 3.4959e+33 < 2.2e-16 Output:Residuals 149 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] 0.05736082 Output:[1] 0.05736082 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.136179e-34 -1.668460e-34 Output:regressor -1.668460e-34 2.860454e-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) -1.4456e-16 2.4229e-17 -5.9664e+00 1.695e-08 * Output:regressor 1.0000e+00 3.5650e-17 2.8050e+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	DE	0.0882	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.5895 -0.1081 0.0420 0.1659 0.4194 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.9872 0.1042 9.472 < 2e-16 * Output:regressor -0.7301 0.1854 -3.939 0.000125 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2287 on 149 degrees of freedom Output:Multiple R-squared: 0.0943, Adjusted R-squared: 0.08822 Output:F-statistic: 15.51 on 1 and 149 DF, p-value: 0.0001254 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.8114 0.81138 15.514 0.0001254 Output:Residuals 149 7.7927 0.05230 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.05736082 Output:[1] 0.01014751 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.01086257 -0.01900887 Output:regressor -0.01900887 0.03436002 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.98720 0.16710 5.9077 2.264e-08 *** Output:regressor -0.73011 0.33699 -2.1665 0.03186 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	GB	0.0475	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.63762 -0.11001 0.06357 0.15929 0.36664 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.63762 0.02665 23.926 < 2e-16 * Output:regressor -2.44131 0.83867 -2.911 0.00416 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2337 on 149 degrees of freedom Output:Multiple R-squared: 0.05381, Adjusted R-squared: 0.04746 Output:F-statistic: 8.474 on 1 and 149 DF, p-value: 0.004157 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.4630 0.46298 8.4735 0.004157 * Output:Residuals 149 8.1411 0.05464 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.05736082 Output:[1] 0.0005178785 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.000710199 -0.01565311 Output:regressor -0.015653109 0.70336364 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.637615 0.021286 29.9550 < 2e-16 ** Output:regressor -2.441307 1.053689 -2.3169 0.02187 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	ES	0.0128	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.57475 -0.11192 0.05883 0.15911 0.37696 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.9481 0.2137 4.437 1.77e-05 * Output:regressor -0.5545 0.3235 -1.714 0.0886 . Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.238 on 149 degrees of freedom Output:Multiple R-squared: 0.01934, Adjusted R-squared: 0.01276 Output:F-statistic: 2.939 on 1 and 149 DF, p-value: 0.08857 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.1664 0.166407 2.9385 0.08857 . Output:Residuals 149 8.4377 0.056629 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.05736082 Output:[1] 0.003607828 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.04566604 -0.06884253 Output:regressor -0.06884253 0.10464093 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.94810 0.41563 2.2811 0.02396 Output:regressor -0.55452 0.66896 -0.8289 0.40847 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	CH	-0.0064	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.58896 -0.09701 0.06954 0.15511 0.35216 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.60128 0.08560 7.024 7.14e-11 * Output:regressor -0.03841 0.17789 -0.216 0.829 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2403 on 149 degrees of freedom Output:Multiple R-squared: 0.0003128, Adjusted R-squared: -0.006397 Output:F-statistic: 0.04662 on 1 and 149 DF, p-value: 0.8294 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0027 0.002691 0.0466 0.8294 Output:Residuals 149 8.6014 0.057728 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.05736082 Output:[1] 0.01216201 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.007327241 -0.01482443 Output:regressor -0.014824433 0.03164374 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.601278 0.069736 8.6223 8.949e-15 * Output:regressor -0.038407 0.149977 -0.2561 0.7982 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	RO	-0.0065	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.58858 -0.09891 0.06840 0.15875 0.35451 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.56618 0.09220 6.141 7.1e-09 * Output:regressor 0.03199 0.16850 0.190 0.85 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2403 on 149 degrees of freedom Output:Multiple R-squared: 0.0002419, Adjusted R-squared: -0.006468 Output:F-statistic: 0.03605 on 1 and 149 DF, p-value: 0.8497 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0021 0.002081 0.0361 0.8497 Output:Residuals 149 8.6020 0.057732 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.05736082 Output:[1] 0.01355607 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.008499989 -0.01518135 Output:regressor -0.015181352 0.02839161 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.566178 0.076012 7.4485 7.068e-12 * Output:regressor 0.031994 0.168866 0.1895 0.85 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	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:-0.58596 -0.09840 0.06791 0.15664 0.34802 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.58036 0.03945 14.713 <2e-16 * Output:regressor 0.01190 0.13947 0.085 0.932 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2403 on 149 degrees of freedom Output:Multiple R-squared: 4.89e-05, Adjusted R-squared: -0.006662 Output:F-statistic: 0.007286 on 1 and 149 DF, p-value: 0.9321 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0004 0.000421 0.0073 0.9321 Output:Residuals 149 8.6037 0.057743 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.05736082 Output:[1] 0.01979128 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001556048 -0.004777881 Output:regressor -0.004777881 0.019450648 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.580361 0.038061 15.2481 <2e-16 * Output:regressor 0.011905 0.117719 0.1011 0.9196 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:-4.529e-17 -6.490e-18 -3.230e-18 1.300e-19 3.511e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -1.446e-16 1.166e-17 -1.240e+01 <2e-16 * Output:regressor 1.000e+00 2.130e-17 4.694e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 3.038e-17 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 2.204e+33 on 1 and 149 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 2.0334 2.0334 2.2036e+33 < 2.2e-16 Output:Residuals 149 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] 0.01355607 Output:[1] 0.01355607 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.358617e-34 -2.426550e-34 Output:regressor -2.426550e-34 4.538045e-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) -1.4456e-16 1.0855e-17 -1.3317e+01 < 2.2e-16 * Output:regressor 1.0000e+00 2.3895e-17 4.1851e+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	ES	0.1420	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.236424 -0.076220 0.004298 0.077298 0.263905 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.04463 0.09685 0.461 0.646 Output:regressor 0.74493 0.14661 5.081 1.11e-06 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1078 on 149 degrees of freedom Output:Multiple R-squared: 0.1477, Adjusted R-squared: 0.142 Output:F-statistic: 25.82 on 1 and 149 DF, p-value: 1.108e-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 0.30031 0.300306 25.818 1.108e-06 * Output:Residuals 149 1.73310 0.011632 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01355607 Output:[1] 0.003607828 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.009379793 -0.01414024 Output:regressor -0.014140238 0.02149322 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.04463 0.12901 0.3459 0.7299 Output:regressor 0.74493 0.18527 4.0207 9.186e-05 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	DE	0.0513	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.280690 -0.103833 0.008822 0.085237 0.219756 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.38122 0.05168 7.376 1.05e-11 * Output:regressor 0.27746 0.09192 3.018 0.00299 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1134 on 149 degrees of freedom Output:Multiple R-squared: 0.05763, Adjusted R-squared: 0.0513 Output:F-statistic: 9.111 on 1 and 149 DF, p-value: 0.002989 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.11718 0.117177 9.1113 0.002989 * Output:Residuals 149 1.91623 0.012861 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01355607 Output:[1] 0.01014751 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.002671103 -0.004674276 Output:regressor -0.004674276 0.008449120 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.381216 0.078219 4.8737 2.774e-06 ** Output:regressor 0.277457 0.132966 2.0867 0.03862 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	GB	0.0324	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.265976 -0.089714 0.009739 0.084210 0.242484 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.51227 0.01306 39.232 <2e-16 *** Output:regressor 1.00849 0.41092 2.454 0.0153 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1145 on 149 degrees of freedom Output:Multiple R-squared: 0.03885, Adjusted R-squared: 0.0324 Output:F-statistic: 6.023 on 1 and 149 DF, p-value: 0.01527 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.07901 0.079006 6.0233 0.01527 Output:Residuals 149 1.95441 0.013117 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01355607 Output:[1] 0.0005178785 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0001704941 -0.003757767 Output:regressor -0.0037577674 0.168853161 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.512269 0.025333 20.2217 < 2e-16 ** Output:regressor 1.008488 0.502650 2.0063 0.04663 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	FR	0.0007	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.27862 -0.09377 0.01209 0.08566 0.24057 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.51723 0.01911 27.071 <2e-16 * Output:regressor 0.07118 0.06755 1.054 0.294 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1164 on 149 degrees of freedom Output:Multiple R-squared: 0.007398, Adjusted R-squared: 0.0007361 Output:F-statistic: 1.11 on 1 and 149 DF, p-value: 0.2937 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.01504 0.015043 1.1105 0.2937 Output:Residuals 149 2.01837 0.013546 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01355607 Output:[1] 0.01979128 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.000365038 -0.001120857 Output:regressor -0.001120857 0.004562985 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.517227 0.029109 17.7685 <2e-16 * Output:regressor 0.071184 0.056691 1.2556 0.2112 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	CH	-0.0061	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.285051 -0.091986 0.009047 0.085813 0.240225 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.54670 0.04161 13.139 <2e-16 * Output:regressor -0.02558 0.08647 -0.296 0.768 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1168 on 149 degrees of freedom Output:Multiple R-squared: 0.000587, Adjusted R-squared: -0.006121 Output:F-statistic: 0.08751 on 1 and 149 DF, p-value: 0.7678 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.00119 0.0011935 0.0875 0.7678 Output:Residuals 149 2.03222 0.0136390 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01355607 Output:[1] 0.01216201 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001731171 -0.003502495 Output:regressor -0.003502495 0.007476309 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.546695 0.091004 6.0074 1.384e-08 * Output:regressor -0.025578 0.180458 -0.1417 0.8875 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	IT	-0.0065	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.28142 -0.09313 0.01227 0.08746 0.23996 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.530302 0.025097 21.13 <2e-16 * Output:regressor 0.007561 0.039821 0.19 0.85 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1168 on 149 degrees of freedom Output:Multiple R-squared: 0.0002419, Adjusted R-squared: -0.006468 Output:F-statistic: 0.03605 on 1 and 149 DF, p-value: 0.8497 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.00049 0.0004919 0.0361 0.8497 Output:Residuals 149 2.03292 0.0136438 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01355607 Output:[1] 0.05736082 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0006298529 -0.0009249283 Output:regressor -0.0009249283 0.0015857227 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.530302 0.035160 15.0825 <2e-16 * Output:regressor 0.007561 0.043783 0.1727 0.8631 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		0.0406		0.3714		0.0380		0.0320		0.4185		0.4595
DE		0.0406		1.0000		0.2152		0.4531		0.4774		0.4342		-0.0004
ES		0.3714		0.2152		1.0000		0.3897		-0.0067		0.6394		0.1735
FR		0.0380		0.4531		0.3897		1.0000		0.0254		0.2108		0.0271
GB		0.0320		0.4774		-0.0067		0.0254		1.0000		0.1258		-0.0067
IT		0.4185		0.4342		0.6394		0.2108		0.1258		1.0000		0.3505
RO		0.4595		-0.0004		0.1735		0.0271		-0.0067		0.3505		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:-1.772e-15 -8.980e-18 1.496e-17 3.154e-17 2.254e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -7.228e-17 1.339e-17 -5.397e+00 2.61e-07 * Output:regressor 1.000e+00 1.521e-17 6.575e+16 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.521e-16 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 4.323e+33 on 1 and 149 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 1 100.02 100.02 4.3231e+33 < 2.2e-16 Output:Residuals 149 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] 0.6668001 Output:[1] 0.6668001 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.793361e-34 7.772496e-35 Output:regressor 7.772496e-35 2.313151e-34 Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -7.2279e-17 1.2588e-17 -5.7419e+00 5.08e-08 * Output:regressor 1.0000e+00 6.0872e-18 1.6428e+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	RO	0.4595	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.7949 -0.4847 -0.2150 0.6014 1.1310 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.6714 0.1014 6.62 6.08e-10 * Output:regressor -0.2947 0.0260 -11.34 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.6004 on 149 degrees of freedom Output:Multiple R-squared: 0.4631, Adjusted R-squared: 0.4595 Output:F-statistic: 128.5 on 1 and 149 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 46.317 46.317 128.51 < 2.2e-16 Output:Residuals 149 53.703 0.360 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.6668001 Output:[1] 3.55469 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.010283515 -0.0023103587 Output:regressor -0.002310359 0.0006759549 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.67135 1.79575 0.3739 0.7090 Output:regressor -0.29473 0.44650 -0.6601 0.5102 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	IT	0.4185	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.8984 -0.3885 -0.1328 0.1677 1.8450 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.19493 0.07180 2.715 0.00741 Output:regressor -0.62266 0.05965 -10.438 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.6227 on 149 degrees of freedom Output:Multiple R-squared: 0.4224, Adjusted R-squared: 0.4185 Output:F-statistic: 108.9 on 1 and 149 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 42.245 42.245 108.95 < 2.2e-16 Output:Residuals 149 57.775 0.388 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.6668001 Output:[1] 0.72642 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.005155308 -0.003034383 Output:regressor -0.003034383 0.003558545 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.19493 0.19486 1.0004 0.3188 Output:regressor -0.62266 0.34943 -1.7819 0.0768 . Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	ES	0.3714	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.31221 -0.32972 0.01897 0.29104 1.58828 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.6371 0.1155 5.516 1.5e-07 * Output:regressor -1.2204 0.1289 -9.467 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.6474 on 149 degrees of freedom Output:Multiple R-squared: 0.3756, Adjusted R-squared: 0.3714 Output:F-statistic: 89.62 on 1 and 149 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 37.564 37.564 89.617 < 2.2e-16 Output:Residuals 149 62.456 0.419 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.6668001 Output:[1] 0.1681429 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.01334332 -0.01325231 Output:regressor -0.01325231 0.01661940 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.63714 0.72852 0.8746 0.38322 Output:regressor -1.22040 0.61365 -1.9888 0.04856 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	DE	0.0406	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.29386 -0.79470 0.07161 0.53072 1.73614 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.53524 0.09816 -5.453 2.01e-07 * Output:regressor 0.17139 0.06321 2.712 0.00748 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.7998 on 149 degrees of freedom Output:Multiple R-squared: 0.04702, Adjusted R-squared: 0.04063 Output:F-statistic: 7.352 on 1 and 149 DF, p-value: 0.007485 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 4.703 4.7034 7.3524 0.007485 * Output:Residuals 149 95.317 0.6397 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.6668001 Output:[1] 1.067436 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.00963516 -0.00464428 Output:regressor -0.00464428 0.00399530 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.53524 2.54318 -0.2105 0.8336 Output:regressor 0.17139 1.07944 0.1588 0.8741 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	FR	0.0380	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.3903 -0.7248 0.1526 0.5860 1.5866 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.40982 0.07096 -5.775 4.33e-08 * Output:regressor -0.14416 0.05481 -2.630 0.00943 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.8009 on 149 degrees of freedom Output:Multiple R-squared: 0.04437, Adjusted R-squared: 0.03796 Output:F-statistic: 6.918 on 1 and 149 DF, p-value: 0.00943 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 4.438 4.4378 6.9179 0.00943 * Output:Residuals 149 95.582 0.6415 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.6668001 Output:[1] 1.423528 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.005035708 0.001538049 Output:regressor 0.001538049 0.003004233 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.40982 1.05606 -0.3881 0.6985 Output:regressor -0.14416 0.50160 -0.2874 0.7742 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	GB	0.0320	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.23256 -0.82495 0.06199 0.57205 1.67969 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.6460 0.1429 -4.522 1.24e-05 *** Output:regressor 1.3024 0.5337 2.440 0.0159 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.8034 on 149 degrees of freedom Output:Multiple R-squared: 0.03843, Adjusted R-squared: 0.03198 Output:F-statistic: 5.955 on 1 and 149 DF, p-value: 0.01585 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 3.844 3.8437 5.9547 0.01585 Output:Residuals 149 96.176 0.6455 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.6668001 Output:[1] 0.01510539 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.02040988 -0.06779793 Output:regressor -0.06779793 0.28487796 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.64598 2.86638 -0.2254 0.8220 Output:regressor 1.30245 7.65266 0.1702 0.8651 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:-4.396e-15 -9.300e-18 3.520e-17 6.230e-17 4.726e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -5.782e-16 4.551e-17 -1.270e+01 <2e-16 * Output:regressor 1.000e+00 2.931e-17 3.412e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 3.709e-16 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 1.164e+33 on 1 and 149 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 1 160.12 160.12 1.1642e+33 < 2.2e-16 Output:Residuals 149 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] 1.067436 Output:[1] 1.067436 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.071535e-33 -9.985086e-34 Output:regressor -9.985086e-34 8.589795e-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) -5.7823e-16 6.5609e-17 -8.8133e+00 2.928e-15 * Output:regressor 1.0000e+00 3.1754e-17 3.1492e+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	GB	0.4774	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.7353 -0.2158 0.2188 0.5243 1.0480 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.2249 0.1328 -1.694 0.0924 . Output:regressor 5.8296 0.4962 11.749 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.7469 on 149 degrees of freedom Output:Multiple R-squared: 0.4809, Adjusted R-squared: 0.4774 Output:F-statistic: 138 on 1 and 149 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 77.002 77.002 138.04 < 2.2e-16 * Output:Residuals 149 83.113 0.558 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.067436 Output:[1] 0.01510539 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.01763775 -0.0585894 Output:regressor -0.05858940 0.2461849 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.22495 0.39253 -0.5731 0.567455 Output:regressor 5.82961 1.85333 3.1455 0.002002 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	FR	0.4531	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.4014 -0.6797 0.1339 0.5333 1.3489 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.86281 0.06769 12.75 <2e-16 * Output:regressor -0.58525 0.05229 -11.19 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.764 on 149 degrees of freedom Output:Multiple R-squared: 0.4568, Adjusted R-squared: 0.4531 Output:F-statistic: 125.3 on 1 and 149 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 73.138 73.138 125.29 < 2.2e-16 Output:Residuals 149 86.977 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] 1.067436 Output:[1] 1.423528 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.004582362 0.001399584 Output:regressor 0.001399584 0.002733773 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.86281 1.05027 0.8215 0.4127 Output:regressor -0.58525 0.71310 -0.8207 0.4131 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	IT	0.4342	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-2.1383 -0.4400 0.2492 0.5449 1.1679 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.84653 0.08961 20.61 <2e-16 * Output:regressor -0.80227 0.07445 -10.78 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.7771 on 149 degrees of freedom Output:Multiple R-squared: 0.438, Adjusted R-squared: 0.4342 Output:F-statistic: 116.1 on 1 and 149 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 70.133 70.133 116.13 < 2.2e-16 Output:Residuals 149 89.983 0.604 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.067436 Output:[1] 0.72642 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.008029260 -0.004725974 Output:regressor -0.004725974 0.005542343 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.84653 1.22503 1.5073 0.1338 Output:regressor -0.80227 0.71735 -1.1184 0.2652 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	ES	0.2152	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-2.3613 -0.6247 0.1588 0.7700 1.3361 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.1056 0.1633 12.89 < 2e-16 * Output:regressor -1.1829 0.1823 -6.49 1.2e-09 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.9153 on 149 degrees of freedom Output:Multiple R-squared: 0.2204, Adjusted R-squared: 0.2152 Output:F-statistic: 42.12 on 1 and 149 DF, p-value: 1.197e-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 35.289 35.289 42.122 1.197e-09 Output:Residuals 149 124.827 0.838 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.067436 Output:[1] 0.1681429 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.02666858 -0.02648668 Output:regressor -0.02648668 0.03321631 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.1056 4.7885 0.4397 0.6608 Output:regressor -1.1829 6.5992 -0.1792 0.8580 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	CH	0.0406	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.94885 -0.65619 0.01687 0.94930 1.42682 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.25463 0.08909 14.082 < 2e-16 * Output:regressor 0.27437 0.10119 2.712 0.00748 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.012 on 149 degrees of freedom Output:Multiple R-squared: 0.04702, Adjusted R-squared: 0.04063 Output:F-statistic: 7.352 on 1 and 149 DF, p-value: 0.007485 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 7.529 7.5293 7.3524 0.007485 * Output:Residuals 149 152.586 1.0241 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.067436 Output:[1] 0.6668001 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.007937891 0.003440313 Output:regressor 0.003440313 0.010238621 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.25463 1.94395 0.6454 0.5197 Output:regressor 0.27437 1.51534 0.1811 0.8566 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	RO	-0.0004	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.6921 -0.9192 -0.3094 1.0743 1.6474 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.01452 0.17455 5.812 3.61e-08 * Output:regressor 0.04328 0.04475 0.967 0.335 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.033 on 149 degrees of freedom Output:Multiple R-squared: 0.006237, Adjusted R-squared: -0.0004328 Output:F-statistic: 0.9351 on 1 and 149 DF, p-value: 0.3351 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.999 0.99861 0.9351 0.3351 Output:Residuals 149 159.117 1.06790 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.067436 Output:[1] 3.55469 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.030469155 -0.006845391 Output:regressor -0.006845391 0.002002795 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.014521 7.492758 0.1354 0.8925 Output:regressor 0.043276 1.586605 0.0273 0.9783 Output: Output:[1] "-------------------------------------------------------------------------------------------"

Correlations for ES

Regressand	Regressor	R	R-Analysis Output
ES	ES	1.0000	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Error:Warning message: Error:In summary.lm(ols) : essentially perfect fit: summary may be unreliable Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.796e-15 -8.500e-19 1.238e-17 2.442e-17 1.927e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -2.891e-16 2.710e-17 -1.067e+01 <2e-16 * Output:regressor 1.000e+00 3.024e-17 3.307e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.519e-16 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 1.094e+33 on 1 and 149 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 25.221 25.221 1.0936e+33 < 2.2e-16 Output:Residuals 149 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] 0.1681429 Output:[1] 0.1681429 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 7.341515e-34 -7.291441e-34 Output:regressor -7.291441e-34 9.144020e-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) -2.8912e-16 4.6933e-17 -6.1602e+00 6.448e-09 * Output:regressor 1.0000e+00 4.5290e-17 2.2080e+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	IT	0.6394	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.60176 -0.17689 -0.03731 0.16384 0.54197 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.46874 0.02839 16.51 <2e-16 * Output:regressor 0.38543 0.02359 16.34 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2462 on 149 degrees of freedom Output:Multiple R-squared: 0.6418, Adjusted R-squared: 0.6394 Output:F-statistic: 267 on 1 and 149 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 16.187 16.1874 266.98 < 2.2e-16 Output:Residuals 149 9.034 0.0606 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1681429 Output:[1] 0.72642 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0008061190 -0.0004744768 Output:regressor -0.0004744768 0.0005564383 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.46874 0.26277 1.7839 0.07648 . Output:regressor 0.38543 0.20744 1.8580 0.06514 . Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	FR	0.3897	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.0272 -0.1687 -0.0111 0.1915 0.5341 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.90781 0.02838 31.986 <2e-16 * Output:regressor 0.21567 0.02192 9.838 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3203 on 149 degrees of freedom Output:Multiple R-squared: 0.3938, Adjusted R-squared: 0.3897 Output:F-statistic: 96.79 on 1 and 149 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 9.9317 9.9317 96.786 < 2.2e-16 Output:Residuals 149 15.2897 0.1026 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1681429 Output:[1] 1.423528 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0008055328 0.0002460327 Output:regressor 0.0002460327 0.0004805696 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.90781 0.57706 1.5732 0.1178 Output:regressor 0.21567 0.30349 0.7106 0.4784 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	CH	0.3714	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.8652 -0.2403 -0.1413 0.3301 0.6304 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.69399 0.02862 24.246 <2e-16 * Output:regressor -0.30774 0.03251 -9.467 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3251 on 149 degrees of freedom Output:Multiple R-squared: 0.3756, Adjusted R-squared: 0.3714 Output:F-statistic: 89.62 on 1 and 149 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 9.4724 9.4724 89.617 < 2.2e-16 Output:Residuals 149 15.7491 0.1057 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1681429 Output:[1] 0.6668001 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0008193040 0.0003550895 Output:regressor 0.0003550895 0.0010567722 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.69399 0.66277 1.0471 0.2967 Output:regressor -0.30774 0.48470 -0.6349 0.5265 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	DE	0.2152	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.17849 -0.17980 -0.04366 0.21107 0.73479 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.01399 0.04458 22.74 < 2e-16 * Output:regressor -0.18632 0.02871 -6.49 1.2e-09 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3633 on 149 degrees of freedom Output:Multiple R-squared: 0.2204, Adjusted R-squared: 0.2152 Output:F-statistic: 42.12 on 1 and 149 DF, p-value: 1.197e-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 5.5587 5.5587 42.122 1.197e-09 Output:Residuals 149 19.6628 0.1320 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1681429 Output:[1] 1.067436 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0019876266 -0.0009580635 Output:regressor -0.0009580635 0.0008241861 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.01399 11.74747 0.0863 0.9313 Output:regressor -0.18632 6.13015 -0.0304 0.9758 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	RO	0.1735	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.61861 -0.35311 -0.01984 0.27281 0.75801 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.48291 0.06297 7.669 2.08e-12 * Output:regressor 0.09201 0.01614 5.699 6.24e-08 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3728 on 149 degrees of freedom Output:Multiple R-squared: 0.179, Adjusted R-squared: 0.1735 Output:F-statistic: 32.48 on 1 and 149 DF, p-value: 6.241e-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 4.5141 4.5141 32.481 6.241e-08 Output:Residuals 149 20.7073 0.1390 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1681429 Output:[1] 3.55469 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0039652298 -0.0008908533 Output:regressor -0.0008908533 0.0002606421 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.482913 1.057304 0.4567 0.6485 Output:regressor 0.092011 0.489917 0.1878 0.8513 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	GB	-0.0067	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.95281 -0.36156 0.02859 0.18536 0.89581 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.80234 0.07316 10.967 <2e-16 * Output:regressor -0.02076 0.27332 -0.076 0.94 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4114 on 149 degrees of freedom Output:Multiple R-squared: 3.873e-05, Adjusted R-squared: -0.006672 Output:F-statistic: 0.005771 on 1 and 149 DF, p-value: 0.9395 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova 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 0.000977 0.0058 0.9395 Output:Residuals 149 25.221 0.169265 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1681429 Output:[1] 0.01510539 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.005352113 -0.01777875 Output:regressor -0.017778748 0.07470395 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.802341 10.555349 0.0760 0.9395 Output:regressor -0.020763 25.414812 -0.0008 0.9993 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:-8.413e-16 -5.725e-17 4.540e-18 7.177e-17 1.621e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -1.446e-16 1.001e-17 -1.444e+01 <2e-16 * Output:regressor 1.000e+00 7.730e-18 1.294e+17 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.13e-16 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 1.674e+34 on 1 and 149 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 213.53 213.53 1.6736e+34 < 2.2e-16 Output:Residuals 149 0.00 0.00 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Error:Warning message: Error:In anova.lm(ols) : Error: ANOVA F-tests on an essentially perfect fit are unreliable Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.423528 Output:[1] 1.423528 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.001580e-34 3.059112e-35 Output:regressor 3.059112e-35 5.975288e-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) -1.4456e-16 1.0961e-17 -1.3189e+01 < 2.2e-16 * Output:regressor 1.0000e+00 6.8734e-18 1.4549e+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	DE	0.4531	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-2.16296 -0.49684 0.02839 0.77016 1.41383 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.39531 0.10828 3.651 0.000361 * Output:regressor -0.78049 0.06973 -11.193 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.8823 on 149 degrees of freedom Output:Multiple R-squared: 0.4568, Adjusted R-squared: 0.4531 Output:F-statistic: 125.3 on 1 and 149 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 97.537 97.537 125.29 < 2.2e-16 Output:Residuals 149 115.993 0.778 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.423528 Output:[1] 1.067436 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.011725210 -0.005651713 Output:regressor -0.005651713 0.004861957 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.39531 1.07048 0.3693 0.7124 Output:regressor -0.78049 0.47525 -1.6423 0.1026 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	ES	0.3897	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-2.23449 -0.30409 0.05316 0.62767 2.10015 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -1.9679 0.1663 -11.834 <2e-16 * Output:regressor 1.8259 0.1856 9.838 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.9321 on 149 degrees of freedom Output:Multiple R-squared: 0.3938, Adjusted R-squared: 0.3897 Output:F-statistic: 96.79 on 1 and 149 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 84.084 84.084 96.786 < 2.2e-16 Output:Residuals 149 129.446 0.869 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.423528 Output:[1] 0.1681429 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.02765537 -0.02746675 Output:regressor -0.02746675 0.03444538 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -1.9679 15.3116 -0.1285 0.8979 Output:regressor 1.8259 10.8053 0.1690 0.8660 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	IT	0.2108	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-2.5283 -0.5260 0.2976 0.8292 1.5332 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -1.0668 0.1222 -8.729 4.80e-15 * Output:regressor 0.6507 0.1015 6.409 1.82e-09 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.06 on 149 degrees of freedom Output:Multiple R-squared: 0.2161, Adjusted R-squared: 0.2108 Output:F-statistic: 41.07 on 1 and 149 DF, p-value: 1.823e-09 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 46.138 46.138 41.069 1.823e-09 Output:Residuals 149 167.391 1.123 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.423528 Output:[1] 0.72642 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.014936495 -0.008791531 Output:regressor -0.008791531 0.010310187 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -1.06683 0.86128 -1.2387 0.2174 Output:regressor 0.65072 0.42591 1.5278 0.1287 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	CH	0.0380	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-2.4244 -0.8012 0.5233 0.8979 1.6893 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.6154 0.1030 -5.973 1.64e-08 * Output:regressor -0.3078 0.1170 -2.630 0.00943 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.17 on 149 degrees of freedom Output:Multiple R-squared: 0.04437, Adjusted R-squared: 0.03796 Output:F-statistic: 6.918 on 1 and 149 DF, p-value: 0.00943 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 9.474 9.4741 6.9179 0.00943 * Output:Residuals 149 204.055 1.3695 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.423528 Output:[1] 0.6668001 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.010615440 0.004600772 Output:regressor 0.004600772 0.013692234 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.61538 1.78795 -0.3442 0.7312 Output:regressor -0.30777 1.35817 -0.2266 0.8210 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	RO	0.0271	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.99731 -0.99646 0.09595 1.16035 2.03751 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.11547 0.19878 -0.581 0.5622 Output:regressor -0.11600 0.05096 -2.276 0.0243 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.177 on 149 degrees of freedom Output:Multiple R-squared: 0.0336, Adjusted R-squared: 0.02712 Output:F-statistic: 5.181 on 1 and 149 DF, p-value: 0.02426 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 7.175 7.1753 5.181 0.02426 Output:Residuals 149 206.354 1.3849 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.423528 Output:[1] 3.55469 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.039514574 -0.008877591 Output:regressor -0.008877591 0.002597368 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.11547 1.04703 -0.1103 0.9123 Output:regressor -0.11600 0.79015 -0.1468 0.8835 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	GB	0.0254	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-2.2962 -0.6797 0.1092 0.8547 2.0358 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.09945 0.20945 -0.475 0.6356 Output:regressor -1.73333 0.78251 -2.215 0.0283 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.178 on 149 degrees of freedom Output:Multiple R-squared: 0.03188, Adjusted R-squared: 0.02538 Output:F-statistic: 4.907 on 1 and 149 DF, p-value: 0.02827 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 6.807 6.8074 4.9066 0.02827 Output:Residuals 149 206.722 1.3874 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.423528 Output:[1] 0.01510539 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.04386906 -0.1457251 Output:regressor -0.14572507 0.6123175 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.099447 1.944895 -0.0511 0.9593 Output:regressor -1.733327 4.795442 -0.3615 0.7183 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:-1.818e-15 -5.630e-18 1.140e-17 2.731e-17 2.024e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -3.614e-16 2.703e-17 -1.337e+01 <2e-16 * Output:regressor 1.000e+00 1.010e-16 9.901e+15 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.52e-16 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 9.803e+31 on 1 and 149 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 2.2658 2.2658 9.8031e+31 < 2.2e-16 Output:Error:Residuals 149 0.0000 0.0000 In anova.lm(ols) : Output:--- Error:Output: ANOVA F-tests on an essentially perfect fit are unreliable Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01510539 Output:[1] 0.01510539 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 7.308337e-34 -2.427697e-33 Output:regressor -2.427697e-33 1.020086e-32 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) -3.6139e-16 5.4406e-17 -6.6425e+00 5.417e-10 * Output:regressor 1.0000e+00 1.8086e-16 5.5291e+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] "-------------------------------------------------------------------------------------------"
GB	DE	0.4774	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.163227 -0.071129 -0.006963 0.063653 0.170161 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.142094 0.010904 13.03 <2e-16 * Output:regressor 0.082495 0.007021 11.75 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.08885 on 149 degrees of freedom Output:Multiple R-squared: 0.4809, Adjusted R-squared: 0.4774 Output:F-statistic: 138 on 1 and 149 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 1.0897 1.08966 138.04 < 2.2e-16 Output:Residuals 149 1.1762 0.00789 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01510539 Output:[1] 1.067436 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.188917e-04 -5.730744e-05 Output:regressor -5.730744e-05 4.929944e-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) 0.142094 0.244854 0.5803 0.5626 Output:regressor 0.082495 0.123917 0.6657 0.5066 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	IT	0.1258	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.31249 -0.06542 0.02684 0.09582 0.17301 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.28261 0.01325 21.329 < 2e-16 * Output:regressor -0.05232 0.01101 -4.753 4.68e-06 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1149 on 149 degrees of freedom Output:Multiple R-squared: 0.1317, Adjusted R-squared: 0.1258 Output:F-statistic: 22.59 on 1 and 149 DF, p-value: 4.679e-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 0.29831 0.298307 22.591 4.679e-06 Output:Residuals 149 1.96750 0.013205 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01510539 Output:[1] 0.72642 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0001755625 -0.0001033350 Output:regressor -0.0001033350 0.0001211852 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.282605 0.217371 1.3001 0.1956 Output:regressor -0.052323 0.123978 -0.4220 0.6736 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	CH	0.0320	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.273460 -0.074730 -0.001486 0.105286 0.203026 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.24790 0.01065 23.29 <2e-16 *** Output:regressor 0.02951 0.01209 2.44 0.0159 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1209 on 149 degrees of freedom Output:Multiple R-squared: 0.03843, Adjusted R-squared: 0.03198 Output:F-statistic: 5.955 on 1 and 149 DF, p-value: 0.01585 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.08707 0.087072 5.9547 0.01585 Output:Residuals 149 2.17874 0.014622 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01510539 Output:[1] 0.6668001 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.133431e-04 4.912334e-05 Output:regressor 4.912334e-05 1.461947e-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) 0.247903 0.170480 1.4542 0.1480 Output:regressor 0.029505 0.123639 0.2386 0.8117 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	FR	0.0254	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.258772 -0.105436 0.000792 0.108488 0.229023 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.228573 0.010750 21.262 <2e-16 *** Output:regressor -0.018393 0.008303 -2.215 0.0283 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1213 on 149 degrees of freedom Output:Multiple R-squared: 0.03188, Adjusted R-squared: 0.02538 Output:F-statistic: 4.907 on 1 and 149 DF, p-value: 0.02827 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.07224 0.072235 4.9066 0.02827 Output:Residuals 149 2.19357 0.014722 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01510539 Output:[1] 1.423528 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0001155675 3.529760e-05 Output:regressor 0.0000352976 6.894593e-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) 0.228573 0.206351 1.1077 0.2698 Output:regressor -0.018393 0.093108 -0.1975 0.8437 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	ES	-0.0067	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.267353 -0.092724 -0.002563 0.114630 0.215346 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.239477 0.022001 10.885 <2e-16 * Output:regressor -0.001865 0.024554 -0.076 0.94 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1233 on 149 degrees of freedom Output:Multiple R-squared: 3.873e-05, Adjusted R-squared: -0.006672 Output:F-statistic: 0.005771 on 1 and 149 DF, p-value: 0.9395 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.00009 0.0000878 0.0058 0.9395 Output:Residuals 149 2.26572 0.0152062 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01510539 Output:[1] 0.1681429 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0004840595 -0.0004807579 Output:regressor -0.0004807579 0.0006029069 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.2394768 4.0146713 0.0597 0.9525 Output:regressor -0.0018653 3.9393330 -0.0005 0.9996 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	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:-0.265368 -0.093085 -0.003103 0.114908 0.215422 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.237781 0.020830 11.415 <2e-16 * Output:regressor 0.000061 0.005340 0.011 0.991 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1233 on 149 degrees of freedom Output:Multiple R-squared: 8.756e-07, Adjusted R-squared: -0.006711 Output:F-statistic: 0.0001305 on 1 and 149 DF, p-value: 0.9909 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0000 0.000002 1e-04 0.9909 Output:Residuals 149 2.2658 0.015207 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01510539 Output:[1] 3.55469 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 4.338778e-04 -9.747769e-05 Output:regressor -9.747769e-05 2.851961e-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) 2.3778e-01 6.2118e-01 0.3828 0.7024 Output:regressor 6.0998e-05 1.3248e-01 0.0005 0.9996 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:-1.647e-15 -2.328e-17 9.270e-18 2.485e-17 2.433e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -4.337e-16 1.707e-17 -2.540e+01 <2e-16 * Output:regressor 1.000e+00 1.418e-17 7.051e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.481e-16 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 4.971e+33 on 1 and 149 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 1 108.96 108.96 4.971e+33 < 2.2e-16 Output:Residuals 149 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] 0.72642 Output:[1] 0.72642 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.914327e-34 -1.715356e-34 Output:regressor -1.715356e-34 2.011667e-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) -4.3367e-16 2.2462e-17 -1.9307e+01 < 2.2e-16 * Output:regressor 1.0000e+00 1.3919e-17 7.1844e+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	0.6394	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.17211 -0.37557 -0.01964 0.41605 0.93721 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.47510 0.09131 -5.203 6.39e-07 * Output:regressor 1.66517 0.10191 16.340 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.5118 on 149 degrees of freedom Output:Multiple R-squared: 0.6418, Adjusted R-squared: 0.6394 Output:F-statistic: 267 on 1 and 149 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 69.934 69.934 266.98 < 2.2e-16 Output:Residuals 149 39.029 0.262 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.72642 Output:[1] 0.1681429 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.008338422 -0.008281548 Output:regressor -0.008281548 0.010385690 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.47510 0.31706 -1.4984 0.1361 Output:regressor 1.66517 0.32036 5.1977 6.541e-07 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	DE	0.4342	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.76958 -0.35339 0.09448 0.51439 1.00560 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.48736 0.07868 18.91 <2e-16 * Output:regressor -0.54597 0.05066 -10.78 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.6411 on 149 degrees of freedom Output:Multiple R-squared: 0.438, Adjusted R-squared: 0.4342 Output:F-statistic: 116.1 on 1 and 149 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 47.727 47.727 116.13 < 2.2e-16 Output:Residuals 149 61.236 0.411 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.72642 Output:[1] 1.067436 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.006190064 -0.002983697 Output:regressor -0.002983697 0.002566762 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.48736 0.86116 1.7271 0.08621 . Output:regressor -0.54597 0.36501 -1.4958 0.13683 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	CH	0.4185	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.00616 -0.52061 -0.06077 0.35728 1.79187 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.62478 0.05722 10.92 <2e-16 * Output:regressor -0.67833 0.06499 -10.44 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.6499 on 149 degrees of freedom Output:Multiple R-squared: 0.4224, Adjusted R-squared: 0.4185 Output:F-statistic: 108.9 on 1 and 149 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 46.023 46.023 108.95 < 2.2e-16 Output:Residuals 149 62.940 0.422 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.72642 Output:[1] 0.6668001 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.003274315 0.001419101 Output:regressor 0.001419101 0.004223347 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.62478 0.45766 1.3651 0.1743 Output:regressor -0.67833 0.41674 -1.6277 0.1057 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	RO	0.3505	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.46247 -0.43523 0.04011 0.45575 1.47756 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.06765 0.11603 -0.583 0.561 Output:regressor 0.26927 0.02975 9.052 7.18e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.6869 on 149 degrees of freedom Output:Multiple R-squared: 0.3548, Adjusted R-squared: 0.3505 Output:F-statistic: 81.94 on 1 and 149 DF, p-value: 7.182e-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 38.661 38.661 81.94 7.182e-16 * Output:Residuals 149 70.302 0.472 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.72642 Output:[1] 3.55469 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.013462037 -0.0030244653 Output:regressor -0.003024465 0.0008848852 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.067647 0.438543 -0.1543 0.87762 Output:regressor 0.269272 0.115657 2.3282 0.02125 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	FR	0.2108	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.27151 -0.68728 0.02941 0.70779 1.26282 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.02270 0.06708 15.245 < 2e-16 * Output:regressor 0.33206 0.05181 6.409 1.82e-09 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.7572 on 149 degrees of freedom Output:Multiple R-squared: 0.2161, Adjusted R-squared: 0.2108 Output:F-statistic: 41.07 on 1 and 149 DF, p-value: 1.823e-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 23.544 23.5442 41.069 1.823e-09 Output:Residuals 149 85.419 0.5733 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.72642 Output:[1] 1.423528 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.004500255 0.001374506 Output:regressor 0.001374506 0.002684789 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.02270 0.51332 1.9923 0.04816 * Output:regressor 0.33206 0.40007 0.8300 0.40787 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	GB	0.1258	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.68671 -0.61808 -0.09174 0.74871 1.67358 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.4515 0.1417 10.244 < 2e-16 * Output:regressor -2.5162 0.5294 -4.753 4.68e-06 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.7969 on 149 degrees of freedom Output:Multiple R-squared: 0.1317, Adjusted R-squared: 0.1258 Output:F-statistic: 22.59 on 1 and 149 DF, p-value: 4.679e-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 14.346 14.346 22.591 4.679e-06 Output:Residuals 149 94.617 0.635 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.72642 Output:[1] 0.01510539 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.02007904 -0.06669894 Output:regressor -0.06669894 0.28026015 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.4515 2.8863 0.5029 0.6158 Output:regressor -2.5162 8.4588 -0.2975 0.7665 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:-7.893e-15 -4.840e-17 3.390e-17 1.310e-16 8.106e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -5.782e-16 1.127e-16 -5.131e+00 8.86e-07 * Output:regressor 1.000e+00 2.889e-17 3.461e+16 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 6.672e-16 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 1.198e+33 on 1 and 149 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 1 533.2 533.2 1.1978e+33 < 2.2e-16 Output:Residuals 149 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] 3.55469 Output:[1] 3.55469 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.270137e-32 -2.853569e-33 Output:regressor -2.853569e-33 8.348850e-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) -5.7823e-16 2.0159e-16 -2.8683e+00 0.004726 Output:regressor 1.0000e+00 4.4903e-17 2.2270e+16 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Error:Warning message: Error:In summary.lm(x) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------"
RO	CH	0.4595	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-3.1530 -1.0169 0.1789 1.0168 2.4270 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.8900 0.1220 23.68 <2e-16 * Output:regressor -1.5712 0.1386 -11.34 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.386 on 149 degrees of freedom Output:Multiple R-squared: 0.4631, Adjusted R-squared: 0.4595 Output:F-statistic: 128.5 on 1 and 149 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 1 246.92 246.916 128.51 < 2.2e-16 Output:Residuals 149 286.29 1.921 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 3.55469 Output:[1] 0.6668001 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.014893392 0.006454853 Output:regressor 0.006454853 0.019210114 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.88998 1.90416 1.5177 0.13121 Output:regressor -1.57120 0.87838 -1.7888 0.07569 . Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	IT	0.3505	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-2.7145 -1.4189 0.4903 1.1853 2.5053 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.2943 0.1752 13.095 < 2e-16 * Output:regressor 1.3177 0.1456 9.052 7.18e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.519 on 149 degrees of freedom Output:Multiple R-squared: 0.3548, Adjusted R-squared: 0.3505 Output:F-statistic: 81.94 on 1 and 149 DF, p-value: 7.182e-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 1 189.19 189.186 81.94 7.182e-16 Output:Residuals 149 344.02 2.309 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 3.55469 Output:[1] 0.72642 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.03069707 -0.01806811 Output:regressor -0.01806811 0.02118921 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.2943 3.0274 0.7579 0.4497 Output:regressor 1.3177 1.6789 0.7848 0.4338 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	ES	0.1735	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-2.8842 -1.7225 0.2009 1.7171 2.2248 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.8668 0.3058 6.104 8.54e-09 * Output:regressor 1.9452 0.3413 5.699 6.24e-08 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.714 on 149 degrees of freedom Output:Multiple R-squared: 0.179, Adjusted R-squared: 0.1735 Output:F-statistic: 32.48 on 1 and 149 DF, p-value: 6.241e-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 95.43 95.433 32.481 6.241e-08 Output:Residuals 149 437.77 2.938 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 3.55469 Output:[1] 0.1681429 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.09352748 -0.09288957 Output:regressor -0.09288957 0.11649056 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.8668 6.2098 0.3006 0.7641 Output:regressor 1.9452 3.5289 0.5512 0.5823 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	FR	0.0271	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-3.4649 -1.7709 0.4477 1.2685 3.0403 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 3.2696 0.1648 19.844 <2e-16 *** Output:regressor -0.2897 0.1273 -2.276 0.0243 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.86 on 149 degrees of freedom Output:Multiple R-squared: 0.0336, Adjusted R-squared: 0.02712 Output:F-statistic: 5.181 on 1 and 149 DF, p-value: 0.02426 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 17.92 17.9174 5.181 0.02426 Output:Residuals 149 515.29 3.4583 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 3.55469 Output:[1] 1.423528 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.02714763 0.00829166 Output:regressor 0.00829166 0.01619589 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 3.26962 5.02046 0.6513 0.5159 Output:regressor -0.28967 1.92909 -0.1502 0.8808 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	DE	-0.0004	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-3.3935 -1.8649 0.4422 1.5738 2.8366 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 3.2504 0.2314 14.044 <2e-16 * Output:regressor 0.1441 0.1490 0.967 0.335 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.886 on 149 degrees of freedom Output:Multiple R-squared: 0.006237, Adjusted R-squared: -0.0004328 Output:F-statistic: 0.9351 on 1 and 149 DF, p-value: 0.3351 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 3.33 3.3255 0.9351 0.3351 Output:Residuals 149 529.88 3.5562 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 3.55469 Output:[1] 1.067436 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.05356316 -0.02581818 Output:regressor -0.02581818 0.02221042 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 3.25039 4.47384 0.7265 0.4687 Output:regressor 0.14412 1.04623 0.1377 0.8906 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	GB	-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:-3.5685 -1.7833 0.5675 1.5777 2.7692 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 3.41450 0.33638 10.151 <2e-16 * Output:regressor 0.01435 1.25673 0.011 0.991 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.892 on 149 degrees of freedom Output:Multiple R-squared: 8.756e-07, Adjusted R-squared: -0.006711 Output:F-statistic: 0.0001305 on 1 and 149 DF, p-value: 0.9909 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0 0.0005 1e-04 0.9909 Output:Residuals 149 533.2 3.5785 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 3.55469 Output:[1] 0.01510539 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.1131527 -0.3758727 Output:regressor -0.3758727 1.5793673 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 3.414502 6.506545 0.5248 0.6005 Output:regressor 0.014354 13.746268 0.0010 0.9992 Output: Output:[1] "-------------------------------------------------------------------------------------------"

Index (in comparison 12 month moving average)

Column=Regressor Row=Regressand		CH		DE		ES		FR		GB		IT		RO
CH		1.0000		0.0214		0.0112		0.0519		-0.0034		0.0283		0.0491
DE		0.0214		1.0000		0.1035		0.0271		0.3139		0.2261		0.1049
ES		0.0112		0.1035		1.0000		0.0998		0.2724		-0.0062		0.1775
FR		0.0519		0.0271		0.0998		1.0000		0.0244		0.1545		0.0067
GB		-0.0034		0.3139		0.2724		0.0244		1.0000		0.0096		0.0965
IT		0.0283		0.2261		-0.0062		0.1545		0.0096		1.0000		0.2793
RO		0.0491		0.1049		0.1775		0.0067		0.0965		0.2793		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:-7.214e-16 -2.890e-18 5.340e-18 1.128e-17 9.709e-17 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -3.614e-17 5.589e-18 -6.466e+00 1.36e-09 * Output:regressor 1.000e+00 1.444e-17 6.927e+16 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 6.259e-17 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 4.798e+33 on 1 and 149 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 18.796 18.796 4.7982e+33 < 2.2e-16 Output:Residuals 149 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] 0.1253084 Output:[1] 0.1253084 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 3.123769e-35 3.321972e-35 Output:regressor 3.321972e-35 2.084102e-34 Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -3.6139e-17 5.0447e-18 -7.1638e+00 3.359e-11 * Output:regressor 1.0000e+00 5.9360e-18 1.6846e+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	0.0519	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.79149 -0.18927 0.00576 0.18474 1.01751 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.27589 0.04755 -5.802 3.79e-08 * Output:regressor -0.19279 0.06354 -3.034 0.00285 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3447 on 149 degrees of freedom Output:Multiple R-squared: 0.05819, Adjusted R-squared: 0.05187 Output:F-statistic: 9.207 on 1 and 149 DF, p-value: 0.002846 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 1.0938 1.09383 9.2066 0.002846 * Output:Residuals 149 17.7024 0.11881 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1253084 Output:[1] 0.1961979 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.002260731 0.002439314 Output:regressor 0.002439314 0.004037023 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.27589 0.16916 -1.6309 0.1050 Output:regressor -0.19279 0.47359 -0.4071 0.6845 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	RO	0.0491	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.97624 -0.20474 -0.02576 0.21152 0.96341 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.23710 0.03847 -6.164 6.33e-09 * Output:regressor -0.16561 0.05601 -2.957 0.00361 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3452 on 149 degrees of freedom Output:Multiple R-squared: 0.05543, Adjusted R-squared: 0.04909 Output:F-statistic: 8.744 on 1 and 149 DF, p-value: 0.003614 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 1.0419 1.04185 8.7435 0.003614 * Output:Residuals 149 17.7544 0.11916 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1253084 Output:[1] 0.2532451 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001479660 0.001471764 Output:regressor 0.001471764 0.003136806 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.23710 0.40627 -0.5836 0.5604 Output:regressor -0.16561 1.07685 -0.1538 0.8780 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	IT	0.0283	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.72914 -0.23521 -0.01128 0.21004 0.99138 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.22545 0.04024 -5.603 9.89e-08 *** Output:regressor 0.07746 0.03343 2.317 0.0219 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3489 on 149 degrees of freedom Output:Multiple R-squared: 0.03478, Adjusted R-squared: 0.0283 Output:F-statistic: 5.369 on 1 and 149 DF, p-value: 0.02186 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.6538 0.65377 5.3693 0.02186 Output:Residuals 149 18.1425 0.12176 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1253084 Output:[1] 0.72642 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001618876 -0.000952861 Output:regressor -0.000952861 0.001117459 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.225446 0.462469 -0.4875 0.6266 Output:regressor 0.077459 0.312018 0.2483 0.8043 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	DE	0.0214	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.76905 -0.22101 -0.01028 0.14945 1.15549 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.10979 0.03723 -2.949 0.00371 ** Output:regressor 0.15829 0.07647 2.070 0.04018 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3502 on 149 degrees of freedom Output:Multiple R-squared: 0.02795, Adjusted R-squared: 0.02143 Output:F-statistic: 4.285 on 1 and 149 DF, p-value: 0.04018 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.5254 0.52542 4.2849 0.04018 Output:Residuals 149 18.2708 0.12262 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1253084 Output:[1] 0.1397954 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001386346 0.001832538 Output:regressor 0.001832538 0.005847738 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.10979 0.28985 -0.3788 0.7054 Output:regressor 0.15829 0.84052 0.1883 0.8509 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	ES	0.0112	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.94291 -0.21436 -0.00028 0.20281 1.02376 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.28950 0.08417 -3.440 0.000756 * Output:regressor -0.20664 0.12569 -1.644 0.102289 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.352 on 149 degrees of freedom Output:Multiple R-squared: 0.01782, Adjusted R-squared: 0.01122 Output:F-statistic: 2.703 on 1 and 149 DF, p-value: 0.1023 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.3349 0.33487 2.7027 0.1023 Output:Residuals 149 18.4614 0.12390 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1253084 Output:[1] 0.05228433 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.007083821 0.009947377 Output:regressor 0.009947377 0.015798485 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.28950 0.63020 -0.4594 0.6466 Output:regressor -0.20664 1.10023 -0.1878 0.8513 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	GB	-0.0034	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.77241 -0.23025 0.00269 0.16889 1.10069 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.14936 0.03223 -4.634 7.77e-06 * Output:regressor 0.29701 0.42508 0.699 0.486 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3546 on 149 degrees of freedom Output:Multiple R-squared: 0.003266, Adjusted R-squared: -0.003424 Output:F-statistic: 0.4882 on 1 and 149 DF, p-value: 0.4858 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0614 0.061386 0.4882 0.4858 Output:Residuals 149 18.7349 0.125737 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1253084 Output:[1] 0.004639049 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001038910 0.006104201 Output:regressor 0.006104201 0.180694277 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.14936 0.47775 -0.3126 0.755 Output:regressor 0.29701 12.46910 0.0238 0.981 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:-1.254e-16 -1.951e-17 -9.230e-18 6.700e-18 1.168e-15 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 7.228e-17 1.065e-17 6.788e+00 2.52e-10 * Output:regressor 1.000e+00 2.187e-17 4.573e+16 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.001e-16 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 2.091e+33 on 1 and 149 DF, p-value: < 2.2e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 20.969 20.969 2.091e+33 < 2.2e-16 Output:Residuals 149 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] 0.1397954 Output:[1] 0.1397954 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.133796e-34 1.498705e-34 Output:regressor 1.498705e-34 4.782458e-34 Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 7.2279e-17 1.3485e-17 5.3598e+00 3.106e-07 * Output:regressor 1.0000e+00 2.0136e-17 4.9662e+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	GB	0.3139	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.70718 -0.24280 -0.00168 0.27181 0.69096 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.20872 0.02815 -7.414 8.53e-12 * Output:regressor 3.09790 0.37126 8.344 4.48e-14 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3097 on 149 degrees of freedom Output:Multiple R-squared: 0.3185, Adjusted R-squared: 0.3139 Output:F-statistic: 69.63 on 1 and 149 DF, p-value: 4.484e-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 6.6782 6.6782 69.626 4.484e-14 Output:Residuals 149 14.2912 0.0959 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1397954 Output:[1] 0.004639049 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0007924917 0.00465635 Output:regressor 0.0046563505 0.13783555 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.20872 0.20777 -1.0046 0.3167 Output:regressor 3.09790 2.71757 1.1400 0.2561 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	IT	0.2261	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.59266 -0.25825 -0.02218 0.21349 0.82971 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.13349 0.03793 -3.520 0.000573 * Output:regressor -0.21096 0.03151 -6.695 4.11e-10 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3289 on 149 degrees of freedom Output:Multiple R-squared: 0.2313, Adjusted R-squared: 0.2261 Output:F-statistic: 44.82 on 1 and 149 DF, p-value: 4.111e-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 4.8494 4.8494 44.824 4.111e-10 Output:Residuals 149 16.1199 0.1082 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1397954 Output:[1] 0.72642 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001438397 -0.0008466320 Output:regressor -0.000846632 0.0009928799 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.13349 0.55540 -0.2403 0.8104 Output:regressor -0.21096 0.30056 -0.7019 0.4838 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	RO	0.1049	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.67330 -0.26374 -0.04379 0.22441 0.84686 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.19731 0.03942 -5.005 1.55e-06 * Output:regressor 0.24738 0.05739 4.310 2.95e-05 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3537 on 149 degrees of freedom Output:Multiple R-squared: 0.1109, Adjusted R-squared: 0.1049 Output:F-statistic: 18.58 on 1 and 149 DF, p-value: 2.95e-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 2.3247 2.32468 18.578 2.95e-05 Output:Residuals 149 18.6446 0.12513 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1397954 Output:[1] 0.2532451 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001553852 0.001545560 Output:regressor 0.001545560 0.003294089 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.19731 0.52592 -0.3752 0.7081 Output:regressor 0.24738 0.51385 0.4814 0.6309 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	ES	0.1035	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.66929 -0.26937 -0.03977 0.28465 0.88356 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.02731 0.08465 0.323 0.747 Output:regressor 0.54108 0.12641 4.280 3.33e-05 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.354 on 149 degrees of freedom Output:Multiple R-squared: 0.1095, Adjusted R-squared: 0.1035 Output:F-statistic: 18.32 on 1 and 149 DF, p-value: 3.326e-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 2.2961 2.29608 18.321 3.326e-05 * Output:Residuals 149 18.6732 0.12532 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1397954 Output:[1] 0.05228433 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.007165107 0.01006152 Output:regressor 0.010061521 0.01597977 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.027311 0.710892 0.0384 0.9694 Output:regressor 0.541081 0.755573 0.7161 0.4750 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	FR	0.0271	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.65452 -0.26498 -0.05343 0.26080 0.99780 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.40679 0.05087 -7.996 3.29e-13 *** Output:regressor -0.15461 0.06798 -2.274 0.0244 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3688 on 149 degrees of freedom Output:Multiple R-squared: 0.03355, Adjusted R-squared: 0.02706 Output:F-statistic: 5.172 on 1 and 149 DF, p-value: 0.02438 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.7035 0.70346 5.1721 0.02438 Output:Residuals 149 20.2659 0.13601 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1397954 Output:[1] 0.1961979 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.002588099 0.002792541 Output:regressor 0.002792541 0.004621608 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.40679 0.24214 -1.6800 0.09505 . Output:regressor -0.15461 0.26532 -0.5827 0.56096 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	CH	0.0214	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.73801 -0.28388 -0.05115 0.26990 1.01870 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.28523 0.03303 -8.636 8.27e-15 *** Output:regressor 0.17659 0.08531 2.070 0.0402 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3699 on 149 degrees of freedom Output:Multiple R-squared: 0.02795, Adjusted R-squared: 0.02143 Output:F-statistic: 4.285 on 1 and 149 DF, p-value: 0.04018 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.5862 0.58617 4.2849 0.04018 Output:Residuals 149 20.3831 0.13680 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1397954 Output:[1] 0.1253084 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001090871 0.001160087 Output:regressor 0.001160087 0.007278024 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.28523 0.38178 -0.7471 0.4562 Output:regressor 0.17659 0.69964 0.2524 0.8011 Output: Output:[1] "-------------------------------------------------------------------------------------------"

Correlations for ES

Regressand	Regressor	R	R-Analysis Output
ES	ES	1.0000	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Error:Warning message: Error:In summary.lm(ols) : essentially perfect fit: summary may be unreliable Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.103e-15 -4.240e-18 1.023e-17 1.666e-17 1.558e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -2.891e-16 2.262e-17 -1.278e+01 <2e-16 * Output:regressor 1.000e+00 3.378e-17 2.960e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 9.461e-17 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 8.763e+32 on 1 and 149 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 7.8426 7.8426 8.7626e+32 < 2.2e-16 Output:Residuals 149 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] 0.05228433 Output:[1] 0.05228433 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 5.117046e-34 7.185554e-34 Output:regressor 7.185554e-34 1.141214e-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) -2.8912e-16 5.3162e-17 -5.4384e+00 2.154e-07 * Output:regressor 1.0000e+00 7.4730e-17 1.3382e+16 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Error:Warning message: Error:In summary.lm(x) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------"
ES	GB	0.2724	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.5427 -0.1555 0.0122 0.1195 0.5699 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.56993 0.01773 -32.15 < 2e-16 * Output:regressor 1.76767 0.23382 7.56 3.81e-12 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.195 on 149 degrees of freedom Output:Multiple R-squared: 0.2772, Adjusted R-squared: 0.2724 Output:F-statistic: 57.15 on 1 and 149 DF, p-value: 3.81e-12 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 2.1743 2.17432 57.155 3.81e-12 Output:Residuals 149 5.6683 0.03804 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.05228433 Output:[1] 0.004639049 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0003143275 0.001846857 Output:regressor 0.0018468570 0.054669972 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.56993 0.31337 -1.8187 0.07097 . Output:regressor 1.76767 4.96203 0.3562 0.72217 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	RO	0.1775	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.48996 -0.11365 -0.01491 0.13078 0.53845 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.53845 0.02311 -23.301 < 2e-16 * Output:regressor 0.19436 0.03365 5.777 4.29e-08 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2074 on 149 degrees of freedom Output:Multiple R-squared: 0.183, Adjusted R-squared: 0.1775 Output:F-statistic: 33.37 on 1 and 149 DF, p-value: 4.294e-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 1.4350 1.435 33.369 4.294e-08 Output:Residuals 149 6.4076 0.043 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.05228433 Output:[1] 0.2532451 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0005340143 0.0005311646 Output:regressor 0.0005311646 0.0011320840 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.53845 0.15371 -3.5030 0.0006077 * Output:regressor 0.19436 0.29716 0.6541 0.5140823 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	DE	0.1035	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.6607 -0.1794 0.0111 0.1363 0.5662 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.56622 0.02302 -24.60 < 2e-16 * Output:regressor 0.20237 0.04728 4.28 3.33e-05 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2165 on 149 degrees of freedom Output:Multiple R-squared: 0.1095, Adjusted R-squared: 0.1035 Output:F-statistic: 18.32 on 1 and 149 DF, p-value: 3.326e-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 0.8587 0.85875 18.321 3.326e-05 Output:Residuals 149 6.9839 0.04687 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.05228433 Output:[1] 0.1397954 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0005299212 0.000700475 Output:regressor 0.0007004750 0.002235258 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.56622 0.77584 -0.7298 0.4666 Output:regressor 0.20237 3.46660 0.0584 0.9535 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	FR	0.0998	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.70464 -0.15568 0.03585 0.12034 0.52820 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.52820 0.02993 -17.650 < 2e-16 * Output:regressor 0.16788 0.03999 4.198 4.62e-05 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.217 on 149 degrees of freedom Output:Multiple R-squared: 0.1058, Adjusted R-squared: 0.09976 Output:F-statistic: 17.62 on 1 and 149 DF, p-value: 4.615e-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 0.8294 0.82943 17.622 4.615e-05 Output:Residuals 149 7.0132 0.04707 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.05228433 Output:[1] 0.1961979 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0008956391 0.0009663888 Output:regressor 0.0009663888 0.0015993567 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.52820 0.51668 -1.0223 0.3083 Output:regressor 0.16788 0.26423 0.6353 0.5262 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	CH	0.0112	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.76732 -0.13264 0.01139 0.09686 0.64338 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.64338 0.02030 -31.688 <2e-16 * Output:regressor -0.08622 0.05244 -1.644 0.102 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2274 on 149 degrees of freedom Output:Multiple R-squared: 0.01782, Adjusted R-squared: 0.01122 Output:F-statistic: 2.703 on 1 and 149 DF, p-value: 0.1023 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.1397 0.139721 2.7027 0.1023 Output:Residuals 149 7.7029 0.051698 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.05228433 Output:[1] 0.1253084 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0004122474 0.0004384045 Output:regressor 0.0004384045 0.0027504141 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.643384 0.106652 -6.0326 1.221e-08 * Output:regressor -0.086218 0.265520 -0.3247 0.7459 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	IT	-0.0062	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.7038 -0.1499 0.0216 0.1232 0.6245 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.624543 0.026447 -23.615 <2e-16 * Output:regressor -0.005979 0.021973 -0.272 0.786 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2294 on 149 degrees of freedom Output:Multiple R-squared: 0.0004967, Adjusted R-squared: -0.006211 Output:F-statistic: 0.07404 on 1 and 149 DF, p-value: 0.7859 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0039 0.003895 0.074 0.7859 Output:Residuals 149 7.8388 0.052609 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.05228433 Output:[1] 0.72642 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0006994616 -0.0004116989 Output:regressor -0.0004116989 0.0004828161 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.6245428 0.7621994 -0.8194 0.4139 Output:regressor -0.0059791 0.4727287 -0.0126 0.9899 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:-1.544e-16 -2.151e-17 -6.470e-18 5.290e-18 1.614e-15 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.446e-16 1.896e-17 7.623e+00 2.69e-12 * Output:regressor 1.000e+00 2.534e-17 3.946e+16 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.375e-16 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 1.557e+33 on 1 and 149 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 29.43 29.43 1.5571e+33 < 2.2e-16 Output:Residuals 149 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] 0.1961979 Output:[1] 0.1961979 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 3.596426e-34 3.880520e-34 Output:regressor 3.880520e-34 6.422193e-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) 1.4456e-16 3.6238e-17 3.9892e+00 0.0001036 * Output:regressor 1.0000e+00 4.1570e-17 2.4056e+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	IT	0.1545	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.74054 -0.26431 -0.05083 0.16967 1.30281 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.78159 0.04696 -16.643 < 2e-16 * Output:regressor 0.20799 0.03902 5.331 3.55e-07 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4073 on 149 degrees of freedom Output:Multiple R-squared: 0.1602, Adjusted R-squared: 0.1545 Output:F-statistic: 28.42 on 1 and 149 DF, p-value: 3.552e-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 4.7139 4.7139 28.418 3.552e-07 Output:Residuals 149 24.7158 0.1659 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1961979 Output:[1] 0.72642 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.002205423 -0.001298099 Output:regressor -0.001298099 0.001522333 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.78159 0.12059 -6.4811 1.254e-09 * Output:regressor 0.20799 0.25683 0.8098 0.4193 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	ES	0.0998	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.6465 -0.2539 -0.1104 0.1581 1.5538 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.2076 0.1005 -2.066 0.0406 * Output:regressor 0.6300 0.1501 4.198 4.62e-05 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4203 on 149 degrees of freedom Output:Multiple R-squared: 0.1058, Adjusted R-squared: 0.09976 Output:F-statistic: 17.62 on 1 and 149 DF, p-value: 4.615e-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 3.1125 3.11247 17.622 4.615e-05 * Output:Residuals 149 26.3172 0.17663 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1961979 Output:[1] 0.05228433 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.01009818 0.01418025 Output:regressor 0.01418025 0.02252116 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.20758 0.62430 -0.3325 0.7400 Output:regressor 0.62997 1.89718 0.3321 0.7403 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	CH	0.0519	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.61563 -0.31732 -0.06509 0.19065 1.47536 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.65235 0.03851 -16.938 < 2e-16 * Output:regressor -0.30185 0.09948 -3.034 0.00285 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4313 on 149 degrees of freedom Output:Multiple R-squared: 0.05819, Adjusted R-squared: 0.05187 Output:F-statistic: 9.207 on 1 and 149 DF, p-value: 0.002846 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 1.7126 1.71262 9.2066 0.002846 * Output:Residuals 149 27.7171 0.18602 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1961979 Output:[1] 0.1253084 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001483369 0.001577489 Output:regressor 0.001577489 0.009896676 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.65235 0.22192 -2.9396 0.003811 * Output:regressor -0.30185 0.42814 -0.7050 0.481892 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	DE	0.0271	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.66344 -0.33427 -0.04057 0.19665 1.43452 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.67223 0.04646 -14.470 <2e-16 *** Output:regressor -0.21698 0.09541 -2.274 0.0244 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4369 on 149 degrees of freedom Output:Multiple R-squared: 0.03355, Adjusted R-squared: 0.02706 Output:F-statistic: 5.172 on 1 and 149 DF, p-value: 0.02438 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.9873 0.98729 5.1721 0.02438 Output:Residuals 149 28.4424 0.19089 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1961979 Output:[1] 0.1397954 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.002158138 0.002852730 Output:regressor 0.002852730 0.009103232 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.67223 0.14475 -4.6441 7.442e-06 Output:regressor -0.21698 0.69156 -0.3138 0.7541 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	GB	0.0244	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.6680 -0.2950 -0.1013 0.1516 1.5574 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.56561 0.03977 -14.22 <2e-16 *** Output:regressor 1.14352 0.52447 2.18 0.0308 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4375 on 149 degrees of freedom Output:Multiple R-squared: 0.03092, Adjusted R-squared: 0.02441 Output:F-statistic: 4.754 on 1 and 149 DF, p-value: 0.0308 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.9099 0.90992 4.7539 0.0308 Output:Residuals 149 28.5198 0.19141 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1961979 Output:[1] 0.004639049 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001581513 0.009292312 Output:regressor 0.009292312 0.275067559 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.56561 0.23092 -2.4494 0.01547 Output:regressor 1.14352 2.08785 0.5477 0.58472 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 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:-0.67545 -0.31229 -0.09976 0.19752 1.50181 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.55648 0.04919 -11.312 <2e-16 * Output:regressor 0.10178 0.07162 1.421 0.157 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4414 on 149 degrees of freedom Output:Multiple R-squared: 0.01337, Adjusted R-squared: 0.006749 Output:F-statistic: 2.019 on 1 and 149 DF, p-value: 0.1574 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.3935 0.39350 2.0193 0.1574 Output:Residuals 149 29.0362 0.19487 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1961979 Output:[1] 0.2532451 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.002419887 0.002406974 Output:regressor 0.002406974 0.005130042 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.55648 0.40253 -1.3825 0.1689 Output:regressor 0.10178 0.34751 0.2929 0.7700 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:-1.286e-16 -2.420e-19 1.092e-18 1.904e-18 2.459e-17 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -4.517e-18 1.075e-18 -4.203e+00 4.52e-05 * Output:regressor 1.000e+00 1.418e-17 7.055e+16 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.182e-17 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 4.977e+33 on 1 and 149 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 0.69586 0.69586 4.9768e+33 < 2.2e-16 Output:Residuals 149 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] 0.004639049 Output:[1] 0.004639049 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.155276e-36 6.787917e-36 Output:regressor 6.787917e-36 2.009334e-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) -4.5174e-18 1.0953e-18 -4.1244e+00 6.154e-05 * Output:regressor 1.0000e+00 8.9488e-18 1.1175e+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	DE	0.3139	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.124751 -0.033117 -0.005542 0.026340 0.177890 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.001566 0.005999 -0.261 0.794 Output:regressor 0.102803 0.012320 8.344 4.48e-14 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.05642 on 149 degrees of freedom Output:Multiple R-squared: 0.3185, Adjusted R-squared: 0.3139 Output:F-statistic: 69.63 on 1 and 149 DF, p-value: 4.484e-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 0.22161 0.221611 69.626 4.484e-14 * Output:Residuals 149 0.47425 0.003183 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.004639049 Output:[1] 0.1397954 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 3.598460e-05 4.756616e-05 Output:regressor 4.756616e-05 1.517864e-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) -0.0015661 0.0561792 -0.0279 0.9778 Output:regressor 0.1028026 0.1103417 0.9317 0.3530 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	ES	0.2724	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.08506 -0.03860 -0.00911 0.02508 0.24692 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.06497 0.01389 4.677 6.47e-06 * Output:regressor 0.15684 0.02075 7.560 3.81e-12 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.0581 on 149 degrees of freedom Output:Multiple R-squared: 0.2772, Adjusted R-squared: 0.2724 Output:F-statistic: 57.15 on 1 and 149 DF, p-value: 3.81e-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 0.19292 0.192921 57.155 3.81e-12 Output:Residuals 149 0.50294 0.003375 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.004639049 Output:[1] 0.05228433 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0001929815 0.0002709921 Output:regressor 0.0002709921 0.0004303914 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.064971 0.069332 0.9371 0.35022 Output:regressor 0.156841 0.076380 2.0534 0.04178 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	RO	0.0965	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.07974 -0.03757 -0.02130 0.02084 0.25386 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.013452 0.007215 -1.865 0.0642 . Output:regressor 0.043329 0.010504 4.125 6.14e-05 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.06474 on 149 degrees of freedom Output:Multiple R-squared: 0.1025, Adjusted R-squared: 0.09646 Output:F-statistic: 17.01 on 1 and 149 DF, p-value: 6.144e-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 0.07132 0.071317 17.014 6.144e-05 * Output:Residuals 149 0.62454 0.004192 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.004639049 Output:[1] 0.2532451 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 5.204946e-05 5.177171e-05 Output:regressor 5.177171e-05 1.103423e-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) -0.013452 0.056638 -0.2375 0.8126 Output:regressor 0.043329 0.088752 0.4882 0.6261 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	FR	0.0244	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.08910 -0.04314 -0.01636 0.02055 0.28111 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.01744 0.00928 -1.88 0.0621 . Output:regressor 0.02704 0.01240 2.18 0.0308 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.06727 on 149 degrees of freedom Output:Multiple R-squared: 0.03092, Adjusted R-squared: 0.02441 Output:F-statistic: 4.754 on 1 and 149 DF, p-value: 0.0308 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.02151 0.0215149 4.7539 0.0308 Output:Residuals 149 0.67434 0.0045258 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.004639049 Output:[1] 0.1961979 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 8.611848e-05 9.292128e-05 Output:regressor 9.292128e-05 1.537831e-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) -0.017444 0.058687 -0.2972 0.7667 Output:regressor 0.027038 0.042007 0.6437 0.5208 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	IT	0.0096	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.09722 -0.04409 -0.01374 0.01841 0.27250 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.025115 0.007816 -3.213 0.00161 Output:regressor -0.010164 0.006494 -1.565 0.11966 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.06778 on 149 degrees of freedom Output:Multiple R-squared: 0.01618, Adjusted R-squared: 0.009573 Output:F-statistic: 2.45 on 1 and 149 DF, p-value: 0.1197 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.01126 0.0112563 2.4499 0.1197 Output:Residuals 149 0.68460 0.0045946 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.004639049 Output:[1] 0.72642 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 6.108778e-05 -3.595590e-05 Output:regressor -3.595590e-05 4.216695e-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) -0.025115 0.090616 -0.2772 0.7820 Output:regressor -0.010164 0.055475 -0.1832 0.8549 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	CH	-0.0034	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.07932 -0.04502 -0.01562 0.02159 0.28186 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.032029 0.006093 -5.257 4.99e-07 * Output:regressor 0.010996 0.015737 0.699 0.486 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.06823 on 149 degrees of freedom Output:Multiple R-squared: 0.003266, Adjusted R-squared: -0.003424 Output:F-statistic: 0.4882 on 1 and 149 DF, p-value: 0.4858 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.00227 0.0022726 0.4882 0.4858 Output:Residuals 149 0.69358 0.0046549 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.004639049 Output:[1] 0.1253084 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 3.711946e-05 3.947469e-05 Output:regressor 3.947469e-05 2.476519e-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) -0.032029 0.026017 -1.2311 0.2202 Output:regressor 0.010996 0.080340 0.1369 0.8913 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:-1.647e-15 -2.328e-17 9.270e-18 2.485e-17 2.433e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -4.337e-16 1.707e-17 -2.540e+01 <2e-16 * Output:regressor 1.000e+00 1.418e-17 7.051e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.481e-16 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 4.971e+33 on 1 and 149 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 1 108.96 108.96 4.971e+33 < 2.2e-16 Output:Residuals 149 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] 0.72642 Output:[1] 0.72642 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.914327e-34 -1.715356e-34 Output:regressor -1.715356e-34 2.011667e-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) -4.3367e-16 2.2462e-17 -1.9307e+01 < 2.2e-16 * Output:regressor 1.0000e+00 1.3919e-17 7.1844e+16 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Error:Warning message: Error:In summary.lm(x) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------"
IT	RO	0.2793	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.98794 -0.55025 -0.08573 0.53325 1.42272 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.42914 0.08063 5.322 3.69e-07 * Output:regressor -0.90275 0.11740 -7.690 1.85e-12 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.7235 on 149 degrees of freedom Output:Multiple R-squared: 0.2841, Adjusted R-squared: 0.2793 Output:F-statistic: 59.13 on 1 and 149 DF, p-value: 1.848e-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 30.958 30.9579 59.134 1.848e-12 Output:Residuals 149 78.005 0.5235 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.72642 Output:[1] 0.2532451 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.006500975 0.006466285 Output:regressor 0.006466285 0.013781748 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.42914 0.70274 0.6107 0.5424 Output:regressor -0.90275 0.89934 -1.0038 0.3171 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	DE	0.2261	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.4333 -0.5813 0.0094 0.6419 1.5011 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.50917 0.07972 6.387 2.04e-09 * Output:regressor -1.09623 0.16374 -6.695 4.11e-10 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.7498 on 149 degrees of freedom Output:Multiple R-squared: 0.2313, Adjusted R-squared: 0.2261 Output:F-statistic: 44.82 on 1 and 149 DF, p-value: 4.111e-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 25.199 25.1991 44.824 4.111e-10 Output:Residuals 149 83.764 0.5622 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.72642 Output:[1] 0.1397954 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.006355796 0.008401393 Output:regressor 0.008401393 0.026809348 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.50917 0.52527 0.9693 0.3339 Output:regressor -1.09623 0.67479 -1.6246 0.1064 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	FR	0.1545	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.35003 -0.76869 -0.01606 0.70219 1.57610 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.3180 0.1081 12.192 < 2e-16 * Output:regressor 0.7701 0.1445 5.331 3.55e-07 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.7837 on 149 degrees of freedom Output:Multiple R-squared: 0.1602, Adjusted R-squared: 0.1545 Output:F-statistic: 28.42 on 1 and 149 DF, p-value: 3.552e-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 17.453 17.4530 28.418 3.552e-07 Output:Residuals 149 91.510 0.6142 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.72642 Output:[1] 0.1961979 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.01168650 0.01260966 Output:regressor 0.01260966 0.02086877 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.31802 0.29375 4.4869 1.436e-05 *** Output:regressor 0.77009 0.37610 2.0476 0.04236 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	CH	0.0283	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.21478 -0.88208 -0.03906 0.81138 1.44379 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.92428 0.07502 12.320 <2e-16 *** Output:regressor 0.44904 0.19379 2.317 0.0219 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.8402 on 149 degrees of freedom Output:Multiple R-squared: 0.03478, Adjusted R-squared: 0.0283 Output:F-statistic: 5.369 on 1 and 149 DF, p-value: 0.02186 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 3.79 3.7900 5.3693 0.02186 Output:Residuals 149 105.17 0.7059 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.72642 Output:[1] 0.1253084 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.00562868 0.00598582 Output:regressor 0.00598582 0.03755318 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.92428 0.57201 1.6158 0.1082 Output:regressor 0.44904 0.89774 0.5002 0.6177 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	GB	0.0096	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.2844 -0.7821 -0.2016 0.8944 1.5863 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.7989 0.0771 10.362 <2e-16 * Output:regressor -1.5915 1.0168 -1.565 0.12 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.8482 on 149 degrees of freedom Output:Multiple R-squared: 0.01618, Adjusted R-squared: 0.009573 Output:F-statistic: 2.45 on 1 and 149 DF, p-value: 0.1197 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 1.763 1.76261 2.4499 0.1197 Output:Residuals 149 107.200 0.71947 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.72642 Output:[1] 0.004639049 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.005944611 0.03492805 Output:regressor 0.034928053 1.03392717 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.79894 0.71011 1.1251 0.2624 Output:regressor -1.59154 6.17589 -0.2577 0.7970 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	ES	-0.0062	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.2260 -0.8217 -0.1177 0.8925 1.4762 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.80040 0.20442 3.915 0.000137 * Output:regressor -0.08307 0.30529 -0.272 0.785913 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.8549 on 149 degrees of freedom Output:Multiple R-squared: 0.0004967, Adjusted R-squared: -0.006211 Output:F-statistic: 0.07404 on 1 and 149 DF, p-value: 0.7859 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.054 0.05412 0.074 0.7859 Output:Residuals 149 108.909 0.73093 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.72642 Output:[1] 0.05228433 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.04178942 0.05868233 Output:regressor 0.05868233 0.09319963 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.800398 5.201435 0.1539 0.8779 Output:regressor -0.083072 9.855801 -0.0084 0.9933 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:-1.083e-16 -2.004e-17 -8.760e-18 -2.670e-18 1.111e-15 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 7.228e-17 1.057e-17 6.840e+00 1.91e-10 * Output:regressor 1.000e+00 1.539e-17 6.499e+16 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 9.483e-17 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 4.224e+33 on 1 and 149 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 37.987 37.987 4.2242e+33 < 2.2e-16 Output:Residuals 149 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] 0.2532451 Output:[1] 0.2532451 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.116689e-34 1.110730e-34 Output:regressor 1.110730e-34 2.367326e-34 Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 7.2279e-17 1.3457e-17 5.3713e+00 2.944e-07 * Output:regressor 1.0000e+00 1.4108e-17 7.0882e+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	IT	0.2793	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.35488 -0.24296 0.07348 0.30054 0.75113 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.20083 0.04926 -4.077 7.40e-05 * Output:regressor -0.31472 0.04093 -7.690 1.85e-12 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4272 on 149 degrees of freedom Output:Multiple R-squared: 0.2841, Adjusted R-squared: 0.2793 Output:F-statistic: 59.13 on 1 and 149 DF, p-value: 1.848e-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 10.793 10.7926 59.134 1.848e-12 Output:Residuals 149 27.194 0.1825 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.2532451 Output:[1] 0.72642 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.002426571 -0.001428265 Output:regressor -0.001428265 0.001674985 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.20083 0.63724 -0.3152 0.7531 Output:regressor -0.31472 0.65749 -0.4787 0.6329 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	ES	0.1775	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.7866 -0.4206 0.0592 0.3021 0.9619 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.1236 0.1091 1.132 0.259 Output:regressor 0.9414 0.1630 5.777 4.29e-08 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4564 on 149 degrees of freedom Output:Multiple R-squared: 0.183, Adjusted R-squared: 0.1775 Output:F-statistic: 33.37 on 1 and 149 DF, p-value: 4.294e-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 6.9507 6.9507 33.369 4.294e-08 * Output:Residuals 149 31.0361 0.2083 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.2532451 Output:[1] 0.05228433 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.01190885 0.01672287 Output:regressor 0.01672287 0.02655937 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.12356 12.75051 0.0097 0.9923 Output:regressor 0.94142 25.99479 0.0362 0.9712 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	DE	0.1049	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.9891 -0.3634 0.1737 0.3461 0.7946 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.32876 0.05062 -6.494 1.17e-09 * Output:regressor 0.44814 0.10397 4.310 2.95e-05 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4761 on 149 degrees of freedom Output:Multiple R-squared: 0.1109, Adjusted R-squared: 0.1049 Output:F-statistic: 18.58 on 1 and 149 DF, p-value: 2.95e-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 4.211 4.2113 18.578 2.95e-05 Output:Residuals 149 33.776 0.2267 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.2532451 Output:[1] 0.1397954 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.002562802 0.003387634 Output:regressor 0.003387634 0.010810143 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.32876 6.79455 -0.0484 0.9615 Output:regressor 0.44814 3.49560 0.1282 0.8982 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	GB	0.0965	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.8643 -0.4140 0.1483 0.3407 0.7765 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.38929 0.04348 -8.953 1.29e-15 * Output:regressor 2.36533 0.57343 4.125 6.14e-05 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4783 on 149 degrees of freedom Output:Multiple R-squared: 0.1025, Adjusted R-squared: 0.09646 Output:F-statistic: 17.01 on 1 and 149 DF, p-value: 6.144e-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 3.893 3.8932 17.014 6.144e-05 Output:Residuals 149 34.094 0.2288 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.2532451 Output:[1] 0.004639049 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001890601 0.01110838 Output:regressor 0.011108381 0.32882613 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.38929 0.28766 -1.3533 0.1780 Output:regressor 2.36533 6.18150 0.3826 0.7025 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	CH	0.0491	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.3400 -0.4376 0.1027 0.3110 0.8518 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.52254 0.04382 -11.924 < 2e-16 * Output:regressor -0.33469 0.11319 -2.957 0.00361 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4907 on 149 degrees of freedom Output:Multiple R-squared: 0.05543, Adjusted R-squared: 0.04909 Output:F-statistic: 8.744 on 1 and 149 DF, p-value: 0.003614 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 2.106 2.10556 8.7435 0.003614 * Output:Residuals 149 35.881 0.24081 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.2532451 Output:[1] 0.1253084 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001920301 0.002042144 Output:regressor 0.002042144 0.012811775 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.52254 0.78844 -0.6627 0.5085 Output:regressor -0.33469 1.81046 -0.1849 0.8536 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:-1.0776 -0.5022 0.1357 0.3174 0.7926 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.38981 0.06918 -5.634 8.52e-08 * Output:regressor 0.13137 0.09245 1.421 0.157 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.5015 on 149 degrees of freedom Output:Multiple R-squared: 0.01337, Adjusted R-squared: 0.006749 Output:F-statistic: 2.019 on 1 and 149 DF, p-value: 0.1574 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.508 0.50792 2.0193 0.1574 Output:Residuals 149 37.479 0.25154 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.2532451 Output:[1] 0.1961979 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.004786325 0.005164414 Output:regressor 0.005164414 0.008547015 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.38981 1.45550 -0.2678 0.7892 Output:regressor 0.13137 2.87338 0.0457 0.9636 Output: Output:[1] "-------------------------------------------------------------------------------------------"