KSFX - Differences in European Media Reporting on Greece

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Sentiment Data per Topic: Greece

Media Coverage

Column=Regressor Row=Regressand		CH		DE		ES		FR		GB		IT		RO
CH		1.0000		0.7018		0.7190		0.7756		0.7281		0.5946		0.6940
DE		0.7018		1.0000		0.6095		0.7736		0.6338		0.5914		0.6135
ES		0.7190		0.6095		1.0000		0.7805		0.6936		0.6816		0.5529
FR		0.7756		0.7736		0.7805		1.0000		0.7225		0.7803		0.7139
GB		0.7281		0.6338		0.6936		0.7225		1.0000		0.5747		0.6630
IT		0.5946		0.5914		0.6816		0.7803		0.5747		1.0000		0.5541
RO		0.6940		0.6135		0.5529		0.7139		0.6630		0.5541		1.0000

Correlations for CH

Regressand	Regressor	R	R-Analysis Output
CH	CH	1.0000	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Error:Warning message: Error:In summary.lm(ols) : essentially perfect fit: summary may be unreliable Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-2.143e-18 -1.544e-19 -4.320e-20 4.200e-20 1.287e-17 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -2.259e-18 1.343e-19 -1.681e+01 <2e-16 * Output:regressor 1.000e+00 1.795e-17 5.573e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.097e-18 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 3.105e+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 0.0037344 0.0037344 3.1053e+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] 2.489623e-05 Output:[1] 2.489623e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.804528e-38 -1.801774e-36 Output:regressor -1.801774e-36 3.220261e-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 6.9188e-20 -3.2646e+01 < 2.2e-16 * Output:regressor 1.0000e+00 1.8301e-17 5.4643e+16 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Error:Warning message: Error:In summary.lm(x) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------"
CH	FR	0.7756	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.005726 -0.001576 -0.000102 0.001087 0.008205 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0023501 0.0002393 9.821 <2e-16 * Output:regressor 0.4850685 0.0212808 22.794 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.002363 on 149 degrees of freedom Output:Multiple R-squared: 0.7771, Adjusted R-squared: 0.7756 Output:F-statistic: 519.6 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 0.00290215 0.00290215 519.55 < 2.2e-16 Output:Residuals 149 0.00083229 0.00000559 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.489623e-05 Output:[1] 8.222838e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 5.726031e-08 -3.029655e-06 Output:regressor -3.029655e-06 4.528718e-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) 0.00235007 0.00030054 7.8194 8.932e-13 * Output:regressor 0.48506850 0.01207698 40.1647 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	GB	0.7281	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0048837 -0.0017001 -0.0006756 0.0014113 0.0104893 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0002324 0.0003410 0.682 0.497 Output:regressor 0.9940312 0.0495382 20.066 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.002602 on 149 degrees of freedom Output:Multiple R-squared: 0.7299, Adjusted R-squared: 0.7281 Output:F-statistic: 402.6 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 0.0027258 0.00272576 402.64 < 2.2e-16 * Output:Residuals 149 0.0010087 0.00000677 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.489623e-05 Output:[1] 1.839059e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.162569e-07 -1.323927e-05 Output:regressor -1.323927e-05 2.454029e-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) 0.00023241 0.00051020 0.4555 0.6494 Output:regressor 0.99403124 0.08341255 11.9170 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	ES	0.7190	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0062238 -0.0014927 -0.0004947 0.0014107 0.0120607 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0015157 0.0002993 5.064 1.2e-06 * Output:regressor 3.0508927 0.1555379 19.615 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.002645 on 149 degrees of freedom Output:Multiple R-squared: 0.7208, Adjusted R-squared: 0.719 Output:F-statistic: 384.8 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 0.0026919 0.0026919 384.75 < 2.2e-16 Output:Residuals 149 0.0010425 0.0000070 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.489623e-05 Output:[1] 1.928063e-06 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 8.958769e-08 -0.0000323477 Output:regressor -3.234770e-05 0.0241920390 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.00151570 0.00030663 4.9431 2.046e-06 * Output:regressor 3.05089266 0.18886318 16.1540 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	DE	0.7018	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0113129 -0.0016418 -0.0004222 0.0013393 0.0093104 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0028459 0.0002655 10.72 <2e-16 * Output:regressor 0.1449684 0.0077041 18.82 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.002725 on 149 degrees of freedom Output:Multiple R-squared: 0.7038, Adjusted R-squared: 0.7018 Output:F-statistic: 354.1 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 0.0026284 0.00262838 354.08 < 2.2e-16 Output:Residuals 149 0.0011060 0.00000742 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.489623e-05 Output:[1] 0.0008337783 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 7.050591e-08 -1.125591e-06 Output:regressor -1.125591e-06 5.935363e-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) 0.00284592 0.00035695 7.9729 3.751e-13 * Output:regressor 0.14496843 0.01192670 12.1550 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	RO	0.6940	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0102066 -0.0017582 -0.0003023 0.0015362 0.0086548 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0005510 0.0003535 1.559 0.121 Output:regressor 0.3881702 0.0210121 18.474 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.00276 on 149 degrees of freedom Output:Multiple R-squared: 0.6961, Adjusted R-squared: 0.694 Output:F-statistic: 341.3 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 0.0025995 0.00259950 341.28 < 2.2e-16 * Output:Residuals 149 0.0011349 0.00000762 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.489623e-05 Output:[1] 0.0001150149 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.249960e-07 -5.737198e-06 Output:regressor -5.737198e-06 4.415088e-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) 0.00055103 0.00040845 1.3491 0.1794 Output:regressor 0.38817016 0.02944162 13.1844 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	IT	0.5946	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0061200 -0.0018446 -0.0007266 0.0013643 0.0135118 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0024159 0.0003355 7.20 2.76e-11 * Output:regressor 0.3835200 0.0258003 14.87 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.003177 on 149 degrees of freedom Output:Multiple R-squared: 0.5973, Adjusted R-squared: 0.5946 Output:F-statistic: 221 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 0.0022304 0.00223043 220.97 < 2.2e-16 Output:Residuals 149 0.0015040 0.00001009 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.489623e-05 Output:[1] 0.0001010932 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.125887e-07 -5.517958e-06 Output:regressor -5.517958e-06 6.656555e-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) 0.00241593 0.00054189 4.4583 1.615e-05 * Output:regressor 0.38351995 0.02961948 12.9482 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"

Correlations for DE

Regressand	Regressor	R	R-Analysis Output
DE	DE	1.0000	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Error:Warning message: Error:In summary.lm(ols) : essentially perfect fit: summary may be unreliable Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.755e-17 -1.449e-18 -7.110e-19 -6.600e-20 2.125e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -1.355e-17 1.726e-18 -7.851e+00 7.47e-13 * Output:regressor 1.000e+00 5.008e-17 1.997e+16 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.771e-17 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 3.987e+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 0.12507 0.12507 3.9867e+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] 0.0008337783 Output:[1] 0.0008337783 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.979610e-36 -4.756796e-35 Output:regressor -4.756796e-35 2.508310e-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 4.1007e-19 -3.3048e+01 < 2.2e-16 * Output:regressor 1.0000e+00 7.7217e-17 1.2950e+16 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Error:Warning message: Error:In summary.lm(x) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------"
DE	FR	0.7736	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.036106 -0.005588 -0.001759 0.002476 0.063398 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0002091 0.0013910 0.15 0.881 Output:regressor 2.8034989 0.1237062 22.66 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.01374 on 149 degrees of freedom Output:Multiple R-squared: 0.7751, Adjusted R-squared: 0.7736 Output:F-statistic: 513.6 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 0.096942 0.096942 513.59 < 2.2e-16 * Output:Residuals 149 0.028124 0.000189 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0008337783 Output:[1] 8.222838e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.934913e-06 -0.0001023766 Output:regressor -1.023766e-04 0.0153032265 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0002091 0.0012458 0.1678 0.8669 Output:regressor 2.8034989 0.1725163 16.2506 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	CH	0.7018	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.040899 -0.007366 -0.000348 0.005212 0.088293 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.008200 0.001931 -4.246 3.82e-05 * Output:regressor 4.855013 0.258012 18.817 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.01577 on 149 degrees of freedom Output:Multiple R-squared: 0.7038, Adjusted R-squared: 0.7018 Output:F-statistic: 354.1 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 0.088025 0.088025 354.08 < 2.2e-16 Output:Residuals 149 0.037042 0.000249 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0008337783 Output:[1] 2.489623e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 3.730386e-06 -0.0003724692 Output:regressor -3.724692e-04 0.0665704005 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.0082002 0.0017776 -4.6132 8.479e-06 * Output:regressor 4.8550126 0.3774386 12.8631 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	GB	0.6338	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.034340 -0.008944 -0.003712 0.005501 0.093279 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.01001 0.00229 -4.372 2.3e-05 * Output:regressor 5.37093 0.33268 16.145 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.01747 on 149 degrees of freedom Output:Multiple R-squared: 0.6363, Adjusted R-squared: 0.6338 Output:F-statistic: 260.6 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 0.079577 0.079577 260.65 < 2.2e-16 Output:Residuals 149 0.045490 0.000305 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0008337783 Output:[1] 1.839059e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 5.243015e-06 -0.0005970718 Output:regressor -5.970718e-04 0.1106731281 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.0100116 0.0026339 -3.801 0.0002095 * Output:regressor 5.3709333 0.2940347 18.266 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	RO	0.6135	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.060794 -0.007883 -0.001133 0.006011 0.077471 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.008497 0.002300 -3.695 0.000308 * Output:regressor 2.113290 0.136675 15.462 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.01795 on 149 degrees of freedom Output:Multiple R-squared: 0.6161, Adjusted R-squared: 0.6135 Output:F-statistic: 239.1 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 0.077048 0.077048 239.08 < 2.2e-16 Output:Residuals 149 0.048018 0.000322 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0008337783 Output:[1] 0.0001150149 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 5.288497e-06 -0.000242737 Output:regressor -2.427370e-04 0.018679944 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.0084971 0.0021453 -3.9609 0.0001154 * Output:regressor 2.1132897 0.2410369 8.7675 3.831e-15 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	ES	0.6095	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.038893 -0.008482 -0.002173 0.001775 0.087564 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.002791 0.002042 -1.367 0.174 Output:regressor 16.270128 1.060981 15.335 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.01804 on 149 degrees of freedom Output:Multiple R-squared: 0.6121, Adjusted R-squared: 0.6095 Output:F-statistic: 235.2 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 0.076559 0.076559 235.16 < 2.2e-16 * Output:Residuals 149 0.048508 0.000326 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0008337783 Output:[1] 1.928063e-06 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 4.168606e-06 -0.001505171 Output:regressor -1.505171e-03 1.125680132 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.0027910 0.0016305 -1.7118 0.08902 . Output:regressor 16.2701278 1.1687557 13.9209 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	IT	0.5914	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.042961 -0.008021 -0.003249 0.001415 0.087423 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0006151 0.0019495 0.315 0.753 Output:regressor 2.2135310 0.1498971 14.767 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.01846 on 149 degrees of freedom Output:Multiple R-squared: 0.5941, Adjusted R-squared: 0.5914 Output:F-statistic: 218.1 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 0.074299 0.074299 218.06 < 2.2e-16 * Output:Residuals 149 0.050768 0.000341 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0008337783 Output:[1] 0.0001010932 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 3.800425e-06 -0.0001862583 Output:regressor -1.862583e-04 0.0224691553 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.00061506 0.00353307 0.1741 0.862 Output:regressor 2.21353096 0.21454154 10.3175 <2e-16 * 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:-7.534e-19 -1.907e-20 -8.600e-21 1.983e-20 4.077e-19 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.000e+00 9.835e-21 0.000e+00 1 Output:regressor 1.000e+00 5.111e-18 1.957e+17 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 8.692e-20 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 3.828e+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 0.00028921 0.00028921 3.8284e+34 < 2.2e-16 * Output:Residuals 149 0.00000000 0.00000000 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Error:Warning message: Error:In anova.lm(ols) : Error: ANOVA F-tests on an essentially perfect fit are unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.928063e-06 Output:[1] 1.928063e-06 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 9.672847e-41 -3.492604e-38 Output:regressor -3.492604e-38 2.612032e-35 Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0000e+00 7.3917e-21 0.0000e+00 1 Output:regressor 1.0000e+00 4.9575e-18 2.0171e+17 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Error:Warning message: Error:In summary.lm(x) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------"
ES	FR	0.7805	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0035737 -0.0003211 -0.0000660 0.0002674 0.0023708 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 4.313e-04 6.587e-05 6.547 8.9e-10 * Output:regressor 1.354e-01 5.858e-03 23.113 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.0006506 on 149 degrees of freedom Output:Multiple R-squared: 0.7819, Adjusted R-squared: 0.7805 Output:F-statistic: 534.2 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 2.2614e-04 2.2614e-04 534.22 < 2.2e-16 Output:Residuals 149 6.3072e-05 4.2300e-07 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.928063e-06 Output:[1] 8.222838e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 4.339268e-09 -2.295916e-07 Output:regressor -2.295916e-07 3.431928e-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) 4.3129e-04 8.6171e-05 5.0051 1.556e-06 * Output:regressor 1.3540e-01 1.3337e-02 10.1521 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	CH	0.7190	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0026445 -0.0003136 0.0000004 0.0002861 0.0038628 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.514e-05 9.017e-05 0.168 0.867 Output:regressor 2.363e-01 1.205e-02 19.615 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.0007361 on 149 degrees of freedom Output:Multiple R-squared: 0.7208, Adjusted R-squared: 0.719 Output:F-statistic: 384.8 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 2.0848e-04 2.0848e-04 384.75 < 2.2e-16 * Output:Residuals 149 8.0734e-05 5.4200e-07 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.928063e-06 Output:[1] 2.489623e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 8.130558e-09 -8.118149e-07 Output:regressor -8.118149e-07 1.450934e-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) 1.5145e-05 1.4445e-04 0.1048 0.9166 Output:regressor 2.3627e-01 3.0758e-02 7.6816 1.935e-12 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	GB	0.6936	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0024819 -0.0004444 -0.0000979 0.0003451 0.0035364 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.0001199 0.0001007 -1.19 0.236 Output:regressor 0.2700646 0.0146330 18.46 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.0007686 on 149 degrees of freedom Output:Multiple R-squared: 0.6957, Adjusted R-squared: 0.6936 Output:F-statistic: 340.6 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 2.0120e-04 2.012e-04 340.62 < 2.2e-16 * Output:Residuals 149 8.8012e-05 5.910e-07 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.928063e-06 Output:[1] 1.839059e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.014398e-08 -1.155191e-06 Output:regressor -1.155191e-06 2.141260e-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) -0.00011985 0.00014037 -0.8538 0.3946 Output:regressor 0.27006460 0.01938890 13.9288 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	IT	0.6816	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0027327 -0.0004135 -0.0001193 0.0002590 0.0030105 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 3.905e-04 8.275e-05 4.719 5.41e-06 * Output:regressor 1.142e-01 6.363e-03 17.946 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.0007836 on 149 degrees of freedom Output:Multiple R-squared: 0.6837, Adjusted R-squared: 0.6816 Output:F-statistic: 322 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 1.9773e-04 1.9773e-04 322.05 < 2.2e-16 Output:Residuals 149 9.1481e-05 6.1400e-07 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.928063e-06 Output:[1] 0.0001010932 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 6.848235e-09 -3.356311e-07 Output:regressor -3.356311e-07 4.048864e-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) 0.00039054 0.00012601 3.0993 0.002319 Output:regressor 0.11418992 0.01436900 7.9470 4.345e-13 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	DE	0.6095	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0026962 -0.0003267 -0.0001088 0.0002508 0.0047875 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 6.236e-04 8.456e-05 7.375 1.06e-11 * Output:regressor 3.762e-02 2.453e-03 15.335 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.0008677 on 149 degrees of freedom Output:Multiple R-squared: 0.6121, Adjusted R-squared: 0.6095 Output:F-statistic: 235.2 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 0.00017704 1.7704e-04 235.16 < 2.2e-16 Output:Residuals 149 0.00011217 7.5300e-07 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.928063e-06 Output:[1] 0.0008337783 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 7.150471e-09 -1.141536e-07 Output:regressor -1.141536e-07 6.019445e-06 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 6.2362e-04 8.7608e-05 7.1183 4.298e-11 * Output:regressor 3.7624e-02 6.1601e-03 6.1077 8.393e-09 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	RO	0.5529	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0032962 -0.0004963 -0.0000801 0.0004147 0.0035343 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 8.277e-05 1.189e-04 0.696 0.488 Output:regressor 9.653e-02 7.069e-03 13.655 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.0009285 on 149 degrees of freedom Output:Multiple R-squared: 0.5558, Adjusted R-squared: 0.5529 Output:F-statistic: 186.5 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 0.00016075 1.6075e-04 186.47 < 2.2e-16 * Output:Residuals 149 0.00012846 8.6200e-07 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.928063e-06 Output:[1] 0.0001150149 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.414739e-08 -6.493517e-07 Output:regressor -6.493517e-07 4.997117e-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) 0.00008277 0.00021502 0.3849 0.7008 Output:regressor 0.09652921 0.01932147 4.9960 1.62e-06 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"

Correlations for FR

Regressand	Regressor	R	R-Analysis Output
FR	FR	1.0000	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Error:Warning message: Error:In summary.lm(ols) : essentially perfect fit: summary may be unreliable Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-4.375e-17 1.070e-19 2.380e-19 4.400e-19 2.893e-18 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.259e-18 3.677e-19 6.142e+00 7.05e-09 * Output:regressor 1.000e+00 3.270e-17 3.058e+16 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 3.632e-18 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 9.351e+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 0.012334 0.012334 9.3507e+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] 8.222838e-05 Output:[1] 8.222838e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.352186e-37 -7.154444e-36 Output:regressor -7.154444e-36 1.069444e-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) 2.2587e-18 2.5258e-19 8.9424e+00 1.371e-15 * Output:regressor 1.0000e+00 1.1327e-17 8.8284e+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	0.7805	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0134627 -0.0021982 -0.0002365 0.0014486 0.0275762 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.0010316 0.0004808 -2.146 0.0335 * Output:regressor 5.7747093 0.2498443 23.113 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.004249 on 149 degrees of freedom Output:Multiple R-squared: 0.7819, Adjusted R-squared: 0.7805 Output:F-statistic: 534.2 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 0.0096443 0.0096443 534.22 < 2.2e-16 * Output:Residuals 149 0.0026899 0.0000181 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 8.222838e-05 Output:[1] 1.928063e-06 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.311612e-07 -8.346606e-05 Output:regressor -8.346606e-05 6.242219e-02 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.00103162 0.00046001 -2.2426 0.0264 * Output:regressor 5.77470927 0.30732840 18.7900 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	IT	0.7803	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0103796 -0.0022050 -0.0005676 0.0012203 0.0194049 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 7.955e-05 4.489e-04 0.177 0.86 Output:regressor 7.974e-01 3.451e-02 23.104 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.00425 on 149 degrees of freedom Output:Multiple R-squared: 0.7818, Adjusted R-squared: 0.7803 Output:F-statistic: 533.8 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 0.0096427 0.0096427 533.81 < 2.2e-16 * Output:Residuals 149 0.0026915 0.0000181 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 8.222838e-05 Output:[1] 0.0001010932 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.014863e-07 -9.874813e-06 Output:regressor -9.874813e-06 1.191242e-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) 7.9555e-05 6.8190e-04 0.1167 0.9073 Output:regressor 7.9743e-01 5.4535e-02 14.6225 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	CH	0.7756	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0098253 -0.0023649 -0.0002894 0.0020749 0.0180127 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.0022741 0.0005262 -4.322 2.81e-05 * Output:regressor 1.6021057 0.0702871 22.794 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.004295 on 149 degrees of freedom Output:Multiple R-squared: 0.7771, Adjusted R-squared: 0.7756 Output:F-statistic: 519.6 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 0.0095853 0.0095853 519.55 < 2.2e-16 Output:Residuals 149 0.0027489 0.0000184 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 8.222838e-05 Output:[1] 2.489623e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.768370e-07 -2.764144e-05 Output:regressor -2.764144e-05 4.940279e-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) -0.0022741 0.0007576 -3.0017 0.003149 Output:regressor 1.6021057 0.1453349 11.0235 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	DE	0.7736	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0151393 -0.0018440 -0.0003953 0.0013625 0.0215991 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0014466 0.0004205 3.44 0.000754 * Output:regressor 0.2764850 0.0122001 22.66 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.004315 on 149 degrees of freedom Output:Multiple R-squared: 0.7751, Adjusted R-squared: 0.7736 Output:F-statistic: 513.6 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 0.0095606 0.0095606 513.59 < 2.2e-16 Output:Residuals 149 0.0027737 0.0000186 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 8.222838e-05 Output:[1] 0.0008337783 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.768087e-07 -2.822660e-06 Output:regressor -2.822660e-06 1.488419e-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) 0.00144657 0.00041304 3.5022 0.0006092 * Output:regressor 0.27648499 0.02658481 10.4001 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	GB	0.7225	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.009845 -0.003117 -0.001021 0.002455 0.018032 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.003019 0.000626 -4.823 3.46e-06 * Output:regressor 1.799673 0.090946 19.788 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.004777 on 149 degrees of freedom Output:Multiple R-squared: 0.7244, Adjusted R-squared: 0.7225 Output:F-statistic: 391.6 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 0.0089346 0.0089346 391.58 < 2.2e-16 Output:Residuals 149 0.0033997 0.0000228 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 8.222838e-05 Output:[1] 1.839059e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 3.918346e-07 -4.462192e-05 Output:regressor -4.462192e-05 8.271111e-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) -0.00301921 0.00086499 -3.4905 0.0006345 * Output:regressor 1.79967349 0.12991806 13.8524 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	RO	0.7139	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.020128 -0.002437 0.000329 0.002061 0.017633 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.0026063 0.0006213 -4.195 4.67e-05 * Output:regressor 0.7153895 0.0369250 19.374 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.00485 on 149 degrees of freedom Output:Multiple R-squared: 0.7158, Adjusted R-squared: 0.7139 Output:F-statistic: 375.4 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 0.0088294 0.0088294 375.36 < 2.2e-16 Output:Residuals 149 0.0035049 0.0000235 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 8.222838e-05 Output:[1] 0.0001150149 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 3.860084e-07 -1.771742e-05 Output:regressor -1.771742e-05 1.363453e-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) -0.00260627 0.00090228 -2.8885 0.004448 Output:regressor 0.71538949 0.09051078 7.9039 5.544e-13 * 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:-1.138e-17 -2.670e-20 6.390e-20 1.354e-19 2.222e-18 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.259e-18 1.293e-19 1.746e+01 <2e-16 * Output:regressor 1.000e+00 1.879e-17 5.322e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 9.869e-19 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 2.833e+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 0.0027586 0.0027586 2.8325e+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] 1.839059e-05 Output:[1] 1.839059e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.672486e-38 -1.904619e-36 Output:regressor -1.904619e-36 3.530398e-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 5.6391e-20 4.0054e+01 < 2.2e-16 * Output:regressor 1.0000e+00 2.0156e-17 4.9613e+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	0.7281	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0062941 -0.0012291 0.0002046 0.0012035 0.0099135 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0012865 0.0002739 4.697 5.96e-06 * Output:regressor 0.7342806 0.0365933 20.066 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.002236 on 149 degrees of freedom Output:Multiple R-squared: 0.7299, Adjusted R-squared: 0.7281 Output:F-statistic: 402.6 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 0.0020135 0.0020135 402.64 < 2.2e-16 Output:Residuals 149 0.0007451 0.0000050 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.839059e-05 Output:[1] 2.489623e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 7.503715e-08 -7.492263e-06 Output:regressor -7.492263e-06 1.339071e-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) 0.00128653 0.00050168 2.5644 0.01132 * Output:regressor 0.73428062 0.10721612 6.8486 1.826e-10 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	FR	0.7225	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0056222 -0.0013772 0.0001414 0.0014176 0.0104787 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0027022 0.0002287 11.81 <2e-16 * Output:regressor 0.4025016 0.0203402 19.79 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.002259 on 149 degrees of freedom Output:Multiple R-squared: 0.7244, Adjusted R-squared: 0.7225 Output:F-statistic: 391.6 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 0.00199824 0.0019982 391.58 < 2.2e-16 Output:Residuals 149 0.00076035 0.0000051 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.839059e-05 Output:[1] 8.222838e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 5.231065e-08 -2.767767e-06 Output:regressor -2.767767e-06 4.137250e-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) 0.00270223 0.00033922 7.9659 3.903e-13 * Output:regressor 0.40250164 0.04833520 8.3273 4.944e-14 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	ES	0.6936	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.008241 -0.001454 -0.000021 0.001056 0.011240 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0019505 0.0002686 7.262 1.97e-11 * Output:regressor 2.5759773 0.1395755 18.456 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.002374 on 149 degrees of freedom Output:Multiple R-squared: 0.6957, Adjusted R-squared: 0.6936 Output:F-statistic: 340.6 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 0.00191910 0.00191910 340.62 < 2.2e-16 Output:Residuals 149 0.00083949 0.00000563 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.839059e-05 Output:[1] 1.928063e-06 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 7.214297e-08 -2.604888e-05 Output:regressor -2.604888e-05 1.948131e-02 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.00195052 0.00031465 6.199 5.304e-09 * Output:regressor 2.57597734 0.24050673 10.711 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	RO	0.6630	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0071267 -0.0014378 -0.0001089 0.0010580 0.0145068 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0011567 0.0003189 3.627 0.000393 * Output:regressor 0.3261530 0.0189527 17.209 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.002489 on 149 degrees of freedom Output:Multiple R-squared: 0.6653, Adjusted R-squared: 0.663 Output:F-statistic: 296.1 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 0.00183522 0.0018352 296.14 < 2.2e-16 Output:Residuals 149 0.00092337 0.0000062 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.839059e-05 Output:[1] 0.0001150149 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.016951e-07 -4.667710e-06 Output:regressor -4.667710e-06 3.592059e-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) 0.00115671 0.00050917 2.2718 0.02453 * Output:regressor 0.32615295 0.04443801 7.3395 1.288e-11 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	DE	0.6338	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0097377 -0.0012966 0.0000666 0.0012792 0.0098880 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0031483 0.0002529 12.45 <2e-16 * Output:regressor 0.1184663 0.0073378 16.14 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.002595 on 149 degrees of freedom Output:Multiple R-squared: 0.6363, Adjusted R-squared: 0.6338 Output:F-statistic: 260.6 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 0.0017552 0.00175522 260.65 < 2.2e-16 Output:Residuals 149 0.0010034 0.00000673 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.839059e-05 Output:[1] 0.0008337783 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 6.396032e-08 -1.021094e-06 Output:regressor -1.021094e-06 5.384339e-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) 0.00314830 0.00037826 8.3230 5.067e-14 * Output:regressor 0.11846631 0.02354814 5.0308 1.387e-06 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	IT	0.5747	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0062336 -0.0013819 -0.0001393 0.0011540 0.0133854 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0027081 0.0002954 9.168 3.61e-16 * Output:regressor 0.3241251 0.0227121 14.271 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.002797 on 149 degrees of freedom Output:Multiple R-squared: 0.5775, Adjusted R-squared: 0.5747 Output:F-statistic: 203.7 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 0.0015931 0.00159308 203.66 < 2.2e-16 Output:Residuals 149 0.0011655 0.00000782 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.839059e-05 Output:[1] 0.0001010932 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 8.724905e-08 -4.276064e-06 Output:regressor -4.276064e-06 5.158403e-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) 0.00270807 0.00050882 5.3223 3.695e-07 * Output:regressor 0.32412508 0.05241836 6.1834 5.736e-09 * 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:-5.364e-17 2.650e-19 3.770e-19 6.570e-19 4.665e-18 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -3.388e-18 4.725e-19 -7.170e+00 3.25e-11 * Output:regressor 1.000e+00 3.633e-17 2.752e+16 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 4.474e-18 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 7.575e+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 0.015164 0.015164 7.5747e+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] 0.0001010932 Output:[1] 0.0001010932 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.232948e-37 -1.094365e-35 Output:regressor -1.094365e-35 1.320180e-33 Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -3.3881e-18 5.8592e-19 -5.7824e+00 4.174e-08 * Output:regressor 1.0000e+00 3.2681e-17 3.0599e+16 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Error:Warning message: Error:In summary.lm(x) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------"
IT	FR	0.7803	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0177976 -0.0016855 -0.0001134 0.0019267 0.0185462 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0017309 0.0004771 3.628 0.000392 * Output:regressor 0.9803777 0.0424326 23.104 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.004713 on 149 degrees of freedom Output:Multiple R-squared: 0.7818, Adjusted R-squared: 0.7803 Output:F-statistic: 533.8 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 0.011855 0.0118550 533.81 < 2.2e-16 Output:Residuals 149 0.003309 0.0000222 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0001010932 Output:[1] 8.222838e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.276556e-07 -1.204531e-05 Output:regressor -1.204531e-05 1.800529e-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) 0.00173091 0.00059891 2.8901 0.004427 Output:regressor 0.98037773 0.11315128 8.6643 7.003e-15 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	ES	0.6816	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0206468 -0.0027991 -0.0000999 0.0022093 0.0259672 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0002838 0.0006420 0.442 0.659 Output:regressor 5.9872613 0.3336315 17.946 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.005674 on 149 degrees of freedom Output:Multiple R-squared: 0.6837, Adjusted R-squared: 0.6816 Output:F-statistic: 322 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 0.0103674 0.0103674 322.05 < 2.2e-16 * Output:Residuals 149 0.0047966 0.0000322 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0001010932 Output:[1] 1.928063e-06 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 4.122019e-07 -0.000148835 Output:regressor -1.488350e-04 0.111309985 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.00028382 0.00083733 0.339 0.7351 Output:regressor 5.98726128 0.76848190 7.791 1.048e-12 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	CH	0.5946	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.024381 -0.002245 -0.000199 0.002647 0.032638 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.0004238 0.0007842 -0.54 0.59 Output:regressor 1.5573136 0.1047642 14.87 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.006402 on 149 degrees of freedom Output:Multiple R-squared: 0.5973, Adjusted R-squared: 0.5946 Output:F-statistic: 221 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 0.0090568 0.0090568 220.97 < 2.2e-16 * Output:Residuals 149 0.0061071 0.0000410 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0001010932 Output:[1] 2.489623e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 6.150328e-07 -6.140941e-05 Output:regressor -6.140941e-05 1.097554e-02 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.00042384 0.00129688 -0.3268 0.7443 Output:regressor 1.55731355 0.29823349 5.2218 5.861e-07 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	DE	0.5914	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.026828 -0.002371 -0.000385 0.002140 0.036170 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0031998 0.0006264 5.108 9.81e-07 * Output:regressor 0.2683841 0.0181746 14.767 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.006427 on 149 degrees of freedom Output:Multiple R-squared: 0.5941, Adjusted R-squared: 0.5914 Output:F-statistic: 218.1 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 0.0090086 0.0090086 218.06 < 2.2e-16 Output:Residuals 149 0.0061554 0.0000413 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0001010932 Output:[1] 0.0008337783 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 3.923804e-07 -6.264153e-06 Output:regressor -6.264153e-06 3.303156e-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) 0.00319984 0.00056076 5.7062 6.035e-08 * Output:regressor 0.26838410 0.05184915 5.1762 7.211e-07 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	GB	0.5747	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.025254 -0.003324 -0.001427 0.001955 0.025752 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.0013227 0.0008593 -1.539 0.126 Output:regressor 1.7817169 0.1248486 14.271 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.006557 on 149 degrees of freedom Output:Multiple R-squared: 0.5775, Adjusted R-squared: 0.5747 Output:F-statistic: 203.7 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 0.0087572 0.0087572 203.66 < 2.2e-16 * Output:Residuals 149 0.0064068 0.0000430 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0001010932 Output:[1] 1.839059e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 7.384248e-07 -8.409143e-05 Output:regressor -8.409143e-05 1.558717e-02 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.0013227 0.0012217 -1.0827 0.2807 Output:regressor 1.7817169 0.2536228 7.0251 7.109e-11 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	RO	0.5541	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0195384 -0.0033953 0.0000487 0.0031686 0.0265375 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.0008036 0.0008600 -0.934 0.352 Output:regressor 0.6997652 0.0511141 13.690 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.006714 on 149 degrees of freedom Output:Multiple R-squared: 0.5571, Adjusted R-squared: 0.5541 Output:F-statistic: 187.4 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 0.0084479 0.0084479 187.42 < 2.2e-16 * Output:Residuals 149 0.0067160 0.0000451 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0001010932 Output:[1] 0.0001150149 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 7.39671e-07 -0.0000339502 Output:regressor -3.39502e-05 0.0026126544 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.00080361 0.00154335 -0.5207 0.6034 Output:regressor 0.69976519 0.15664327 4.4673 1.557e-05 * 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:-8.303e-17 1.380e-19 3.700e-19 6.010e-19 6.394e-18 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 9.035e-18 8.831e-19 1.023e+01 <2e-16 * Output:regressor 1.000e+00 5.249e-17 1.905e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 6.894e-18 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 3.63e+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 0.017252 0.017252 3.6301e+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] 0.0001150149 Output:[1] 0.0001150149 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 7.799011e-37 -3.579673e-35 Output:regressor -3.579673e-35 2.754754e-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) 9.0349e-18 5.3974e-19 1.6739e+01 < 2.2e-16 * Output:regressor 1.0000e+00 7.8228e-17 1.2783e+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	FR	0.7139	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.013243 -0.003708 -0.001084 0.003131 0.026000 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0063004 0.0005808 10.85 <2e-16 * Output:regressor 1.0006335 0.0516479 19.37 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.005736 on 149 degrees of freedom Output:Multiple R-squared: 0.7158, Adjusted R-squared: 0.7139 Output:F-statistic: 375.4 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 0.0123499 0.0123499 375.36 < 2.2e-16 Output:Residuals 149 0.0049024 0.0000329 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0001150149 Output:[1] 8.222838e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 3.372745e-07 -1.784526e-05 Output:regressor -1.784526e-05 2.667504e-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) 0.00630042 0.00087341 7.2135 2.563e-11 * Output:regressor 1.00063345 0.06035415 16.5794 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	CH	0.6940	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0131316 -0.0037092 -0.0003936 0.0031385 0.0245694 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0029610 0.0007267 4.075 7.46e-05 * Output:regressor 1.7932577 0.0970712 18.474 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.005932 on 149 degrees of freedom Output:Multiple R-squared: 0.6961, Adjusted R-squared: 0.694 Output:F-statistic: 341.3 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 0.0120091 0.0120091 341.28 < 2.2e-16 Output:Residuals 149 0.0052431 0.0000352 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0001150149 Output:[1] 2.489623e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 5.280233e-07 -5.272175e-05 Output:regressor -5.272175e-05 9.422812e-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) 0.0029610 0.0009211 3.2147 0.001601 Output:regressor 1.7932577 0.1408850 12.7285 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	GB	0.6630	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.0202169 -0.0037777 -0.0003644 0.0033632 0.0214385 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0019902 0.0008158 2.439 0.0159 * Output:regressor 2.0397636 0.1185305 17.209 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.006225 on 149 degrees of freedom Output:Multiple R-squared: 0.6653, Adjusted R-squared: 0.663 Output:F-statistic: 296.1 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 0.0114775 0.0114775 296.14 < 2.2e-16 * Output:Residuals 149 0.0057748 0.0000388 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0001150149 Output:[1] 1.839059e-05 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 6.655786e-07 -7.579575e-05 Output:regressor -7.579575e-05 1.404949e-02 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.00199018 0.00098704 2.0163 0.04556 * Output:regressor 2.03976364 0.18768295 10.8681 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	DE	0.6135	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.022041 -0.004039 -0.001024 0.002801 0.025743 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0074662 0.0006498 11.49 <2e-16 * Output:regressor 0.2915162 0.0188535 15.46 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.006667 on 149 degrees of freedom Output:Multiple R-squared: 0.6161, Adjusted R-squared: 0.6135 Output:F-statistic: 239.1 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 0.0106284 0.0106284 239.08 < 2.2e-16 Output:Residuals 149 0.0066239 0.0000445 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0001150149 Output:[1] 0.0008337783 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 4.222416e-07 -6.740873e-06 Output:regressor -6.740873e-06 3.554535e-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) 0.0074662 0.0010157 7.3504 1.213e-11 * Output:regressor 0.2915162 0.0226109 12.8927 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	IT	0.5541	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.012380 -0.004848 -0.001372 0.002858 0.023682 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0063950 0.0007563 8.456 2.36e-14 * Output:regressor 0.7961315 0.0581532 13.690 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.007161 on 149 degrees of freedom Output:Multiple R-squared: 0.5571, Adjusted R-squared: 0.5541 Output:F-statistic: 187.4 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 0.0096113 0.0096113 187.42 < 2.2e-16 Output:Residuals 149 0.0076409 0.0000513 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0001150149 Output:[1] 0.0001010932 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 5.719951e-07 -0.0000280334 Output:regressor -2.803340e-05 0.0033817919 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0063950 0.0015471 4.1336 5.938e-05 * Output:regressor 0.7961315 0.0815375 9.7640 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	ES	0.5529	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.019069 -0.004783 -0.001076 0.003405 0.037528 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0052950 0.0008115 6.525 9.99e-10 * Output:regressor 5.7582650 0.4216894 13.655 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.007171 on 149 degrees of freedom Output:Multiple R-squared: 0.5558, Adjusted R-squared: 0.5529 Output:F-statistic: 186.5 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 0.0095895 0.0095895 186.47 < 2.2e-16 Output:Residuals 149 0.0076627 0.0000514 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0001150149 Output:[1] 1.928063e-06 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 6.585082e-07 -0.0002377695 Output:regressor -2.377695e-04 0.1778219363 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0052950 0.0010997 4.8149 3.583e-06 * Output:regressor 5.7582650 0.5708124 10.0878 < 2.2e-16 * 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		-0.0030		-0.0067		-0.0055		0.0033		-0.0053		-0.0067
DE		-0.0030		1.0000		-0.0058		-0.0037		-0.0067		0.0279		0.0731
ES		-0.0067		-0.0058		1.0000		0.1393		0.0909		-0.0060		0.0158
FR		-0.0055		-0.0037		0.1393		1.0000		0.0741		0.0436		0.0464
GB		0.0033		-0.0067		0.0909		0.0741		1.0000		-0.0062		-0.0064
IT		-0.0053		0.0279		-0.0060		0.0436		-0.0062		1.0000		0.0194
RO		-0.0067		0.0731		0.0158		0.0464		-0.0064		0.0194		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:-1.001e-15 5.600e-19 4.180e-18 1.111e-17 5.914e-17 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 7.228e-17 1.216e-17 5.942e+00 1.91e-08 * Output:regressor 1.000e+00 3.297e-17 3.033e+16 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 8.308e-17 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 9.202e+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 6.3516 6.3516 9.2018e+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] 0.04234377 Output:[1] 0.04234377 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.479420e-34 -3.333133e-34 Output:regressor -3.333133e-34 1.086744e-33 Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 7.2279e-17 2.2015e-18 3.2832e+01 < 2.2e-16 * Output:regressor 1.0000e+00 1.4092e-17 7.0961e+16 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Error:Warning message: Error:In summary.lm(x) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------"
CH	GB	0.0033	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.34408 -0.14762 -0.04084 0.12485 0.60719 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.28351 0.02527 11.217 <2e-16 * Output:regressor 0.46200 0.37748 1.224 0.223 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2054 on 149 degrees of freedom Output:Multiple R-squared: 0.009953, Adjusted R-squared: 0.003309 Output:F-statistic: 1.498 on 1 and 149 DF, p-value: 0.2229 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0632 0.063219 1.498 0.2229 Output:Residuals 149 6.2883 0.042204 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.04234377 Output:[1] 0.001974557 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0006388118 -0.007155396 Output:regressor -0.0071553961 0.142491604 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.283508 0.027868 10.1732 <2e-16 * Output:regressor 0.462002 0.366340 1.2611 0.2092 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	DE	-0.0030	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.32672 -0.14708 -0.04088 0.12490 0.58563 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.27869 0.04139 6.734 3.35e-10 * Output:regressor 0.06634 0.08958 0.741 0.46 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2061 on 149 degrees of freedom Output:Multiple R-squared: 0.003667, Adjusted R-squared: -0.00302 Output:F-statistic: 0.5484 on 1 and 149 DF, p-value: 0.4601 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0233 0.023292 0.5484 0.4601 Output:Residuals 149 6.3283 0.042472 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.04234377 Output:[1] 0.03528222 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001712841 -0.003389475 Output:regressor -0.003389475 0.008025125 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.278688 0.049235 5.6604 7.521e-08 * Output:regressor 0.066341 0.091853 0.7223 0.4713 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	IT	-0.0053	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.31753 -0.15629 -0.04387 0.12137 0.58940 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.29161 0.03709 7.863 6.99e-13 * Output:regressor 0.02921 0.06399 0.456 0.649 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2063 on 149 degrees of freedom Output:Multiple R-squared: 0.001397, Adjusted R-squared: -0.005305 Output:F-statistic: 0.2084 on 1 and 149 DF, p-value: 0.6487 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0089 0.008871 0.2084 0.6487 Output:Residuals 149 6.3427 0.042568 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.04234377 Output:[1] 0.06930483 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001375445 -0.002116083 Output:regressor -0.002116083 0.004094801 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.291612 0.029158 10.001 <2e-16 * Output:regressor 0.029212 0.055854 0.523 0.6018 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	FR	-0.0055	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.31790 -0.15208 -0.04062 0.11784 0.59464 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.29693 0.02858 10.390 <2e-16 * Output:regressor 0.02708 0.06406 0.423 0.673 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2063 on 149 degrees of freedom Output:Multiple R-squared: 0.001197, Adjusted R-squared: -0.005506 Output:F-statistic: 0.1786 on 1 and 149 DF, p-value: 0.6732 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0076 0.007605 0.1786 0.6732 Output:Residuals 149 6.3440 0.042577 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.04234377 Output:[1] 0.06916476 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0008167438 -0.001481445 Output:regressor -0.0014814452 0.004103912 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.296934 0.028711 10.3422 <2e-16 * Output:regressor 0.027075 0.064225 0.4216 0.6739 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	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:-0.30838 -0.15381 -0.04195 0.12387 0.59427 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.310634 0.055067 5.641 8.25e-08 * Output:regressor -0.007348 0.098164 -0.075 0.94 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2065 on 149 degrees of freedom Output:Multiple R-squared: 3.76e-05, Adjusted R-squared: -0.006674 Output:F-statistic: 0.005603 on 1 and 149 DF, p-value: 0.9404 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0002 0.000239 0.0056 0.9404 Output:Residuals 149 6.3513 0.042626 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.04234377 Output:[1] 0.0294904 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.003032324 -0.005147803 Output:regressor -0.005147803 0.009636212 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.3106335 0.0620904 5.0029 1.57e-06 * Output:regressor -0.0073481 0.1103854 -0.0666 0.947 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:-0.30706 -0.15375 -0.04077 0.12372 0.59293 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.30508 0.04747 6.427 1.66e-09 * Output:regressor 0.00279 0.07628 0.037 0.971 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2065 on 149 degrees of freedom Output:Multiple R-squared: 8.977e-06, Adjusted R-squared: -0.006702 Output:F-statistic: 0.001338 on 1 and 149 DF, p-value: 0.9709 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova 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 0.000057 0.0013 0.9709 Output:Residuals 149 6.3515 0.042628 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.04234377 Output:[1] 0.04883715 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.002253670 -0.003386947 Output:regressor -0.003386947 0.005819010 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.3050843 0.0489297 6.2352 4.416e-09 * Output:regressor 0.0027898 0.0733297 0.0380 0.9697 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"

Correlations for DE

Regressand	Regressor	R	R-Analysis Output
DE	DE	1.0000	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Error:Warning message: Error:In summary.lm(ols) : essentially perfect fit: summary may be unreliable Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.444e-16 -1.530e-17 -1.065e-17 -6.070e-18 1.826e-15 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -2.891e-16 3.032e-17 -9.535e+00 <2e-16 * Output:regressor 1.000e+00 6.563e-17 1.524e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.51e-16 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 2.322e+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 5.2923 5.2923 2.3216e+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] 0.03528222 Output:[1] 0.03528222 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 9.193378e-34 -1.819242e-33 Output:regressor -1.819242e-33 4.307347e-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 6.9230e-18 -4.1762e+01 < 2.2e-16 * Output:regressor 1.0000e+00 1.9967e-17 5.0083e+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	0.0731	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.38328 -0.11246 -0.00378 0.11377 0.50201 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.25779 0.04823 5.345 3.33e-07 * Output:regressor 0.30805 0.08598 3.583 0.00046 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1808 on 149 degrees of freedom Output:Multiple R-squared: 0.07932, Adjusted R-squared: 0.07314 Output:F-statistic: 12.84 on 1 and 149 DF, p-value: 0.0004597 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.4198 0.41977 12.836 0.0004597 Output:Residuals 149 4.8726 0.03270 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.03528222 Output:[1] 0.0294904 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.002326316 -0.003949253 Output:regressor -0.003949253 0.007392636 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.257794 0.063642 4.0507 8.189e-05 * Output:regressor 0.308049 0.089990 3.4232 0.0007995 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	IT	0.0279	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.42624 -0.10752 -0.00431 0.10826 0.41513 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.49075 0.03329 14.742 <2e-16 *** Output:regressor -0.13235 0.05744 -2.304 0.0226 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1852 on 149 degrees of freedom Output:Multiple R-squared: 0.03441, Adjusted R-squared: 0.02793 Output:F-statistic: 5.309 on 1 and 149 DF, p-value: 0.02259 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.1821 0.182094 5.3093 0.02259 Output:Residuals 149 5.1102 0.034297 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.03528222 Output:[1] 0.06930483 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001108180 -0.001704904 Output:regressor -0.001704904 0.003299135 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.490752 0.081701 6.0067 1.388e-08 Output:regressor -0.132349 0.117131 -1.1299 0.2603 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	CH	-0.0030	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.42035 -0.12066 -0.00023 0.11292 0.44313 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.40540 0.02754 14.720 <2e-16 * Output:regressor 0.05528 0.07464 0.741 0.46 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1881 on 149 degrees of freedom Output:Multiple R-squared: 0.003667, Adjusted R-squared: -0.00302 Output:F-statistic: 0.5484 on 1 and 149 DF, p-value: 0.4601 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0194 0.019408 0.5484 0.4601 Output:Residuals 149 5.2729 0.035389 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.03528222 Output:[1] 0.04234377 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0007584878 -0.001708873 Output:regressor -0.0017088729 0.005571659 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.405404 0.037561 10.7932 <2e-16 * Output:regressor 0.055278 0.086415 0.6397 0.5234 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	FR	-0.0037	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.42414 -0.11653 0.00404 0.11080 0.42096 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.43648 0.02606 16.75 <2e-16 * Output:regressor -0.03913 0.05842 -0.67 0.504 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1882 on 149 degrees of freedom Output:Multiple R-squared: 0.003001, Adjusted R-squared: -0.00369 Output:F-statistic: 0.4485 on 1 and 149 DF, p-value: 0.5041 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0159 0.015883 0.4485 0.5041 Output:Residuals 149 5.2764 0.035412 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.03528222 Output:[1] 0.06916476 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0006793087 -0.001232159 Output:regressor -0.0012321594 0.003413338 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.436482 0.048254 9.0455 7.466e-16 * Output:regressor -0.039128 0.071936 -0.5439 0.5873 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	ES	-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:-0.4110 -0.1234 0.0038 0.1121 0.4224 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.40783 0.04332 9.415 <2e-16 * Output:regressor 0.02496 0.06960 0.359 0.72 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1884 on 149 degrees of freedom Output:Multiple R-squared: 0.000862, Adjusted R-squared: -0.005844 Output:F-statistic: 0.1286 on 1 and 149 DF, p-value: 0.7204 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0046 0.004562 0.1286 0.7204 Output:Residuals 149 5.2878 0.035488 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.03528222 Output:[1] 0.04883715 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001876229 -0.002819708 Output:regressor -0.002819708 0.004844453 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.407833 0.048800 8.3573 4.16e-14 * Output:regressor 0.024955 0.074279 0.3360 0.7374 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	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:-0.4158 -0.1172 0.0011 0.1090 0.4305 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.422574 0.023187 18.225 <2e-16 * Output:regressor -0.004301 0.346298 -0.012 0.99 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1885 on 149 degrees of freedom Output:Multiple R-squared: 1.035e-06, Adjusted R-squared: -0.00671 Output:F-statistic: 0.0001543 on 1 and 149 DF, p-value: 0.9901 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova 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 0.000005 2e-04 0.9901 Output:Residuals 149 5.2923 0.035519 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.03528222 Output:[1] 0.001974557 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0005376295 -0.006022044 Output:regressor -0.0060220436 0.119922173 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.4225739 0.0360165 11.7328 <2e-16 * Output:regressor -0.0043009 0.5967828 -0.0072 0.9943 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:-1.804e-16 -3.122e-17 -1.532e-17 1.220e-18 2.335e-15 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 4.337e-16 4.478e-17 9.684e+00 <2e-16 * Output:regressor 1.000e+00 7.196e-17 1.390e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.948e-16 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 1.931e+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 7.3256 7.3256 1.9311e+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] 0.04883715 Output:[1] 0.04883715 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.005522e-33 -3.014016e-33 Output:regressor -3.014016e-33 5.178289e-33 Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 4.3367e-16 6.9028e-17 6.2825e+00 3.472e-09 * Output:regressor 1.0000e+00 9.7602e-17 1.0246e+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	0.1393	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.49787 -0.13231 -0.01701 0.14333 0.53347 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.46653 0.02840 16.429 < 2e-16 * Output:regressor 0.32001 0.06365 5.028 1.41e-06 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.205 on 149 degrees of freedom Output:Multiple R-squared: 0.145, Adjusted R-squared: 0.1393 Output:F-statistic: 25.28 on 1 and 149 DF, p-value: 1.408e-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 1.0625 1.06245 25.276 1.408e-06 Output:Residuals 149 6.2631 0.04203 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.04883715 Output:[1] 0.06916476 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0008063361 -0.001462567 Output:regressor -0.0014625672 0.004051616 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.466529 0.037228 12.5316 < 2.2e-16 * Output:regressor 0.320012 0.078364 4.0837 7.21e-05 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	GB	0.0909	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.50900 -0.14643 -0.01538 0.17742 0.41719 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.50427 0.02592 19.45 < 2e-16 * Output:regressor 1.54884 0.38716 4.00 9.92e-05 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2107 on 149 degrees of freedom Output:Multiple R-squared: 0.09699, Adjusted R-squared: 0.09093 Output:F-statistic: 16 on 1 and 149 DF, p-value: 9.925e-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 0.7105 0.71052 16.004 9.925e-05 Output:Residuals 149 6.6151 0.04440 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.04883715 Output:[1] 0.001974557 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0006720008 -0.00752715 Output:regressor -0.0075271505 0.14989467 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.504272 0.029558 17.0602 < 2.2e-16 * Output:regressor 1.548842 0.543548 2.8495 0.004999 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	RO	0.0158	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.50278 -0.15947 -0.03513 0.16729 0.43448 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.47927 0.05847 8.196 1.05e-13 * Output:regressor 0.19239 0.10424 1.846 0.0669 . Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2192 on 149 degrees of freedom Output:Multiple R-squared: 0.02235, Adjusted R-squared: 0.01579 Output:F-statistic: 3.406 on 1 and 149 DF, p-value: 0.06693 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.1637 0.163730 3.4063 0.06693 . Output:Residuals 149 7.1618 0.048066 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.04883715 Output:[1] 0.0294904 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.003419290 -0.005804733 Output:regressor -0.005804733 0.010865923 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.479272 0.053666 8.9306 1.47e-15 Output:regressor 0.192388 0.099506 1.9334 0.05508 . Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	DE	-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:-0.46592 -0.16915 -0.02592 0.18625 0.42586 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.56746 0.04451 12.749 <2e-16 * Output:regressor 0.03454 0.09634 0.359 0.72 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2216 on 149 degrees of freedom Output:Multiple R-squared: 0.000862, Adjusted R-squared: -0.005844 Output:F-statistic: 0.1286 on 1 and 149 DF, p-value: 0.7204 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0063 0.006315 0.1286 0.7204 Output:Residuals 149 7.3193 0.049123 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.04883715 Output:[1] 0.03528222 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001981065 -0.003920255 Output:regressor -0.003920255 0.009281830 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.567459 0.048377 11.7299 <2e-16 * Output:regressor 0.034543 0.105778 0.3266 0.7445 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	IT	-0.0060	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.47026 -0.17336 -0.02561 0.18414 0.42958 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.57042 0.03984 14.317 <2e-16 * Output:regressor 0.02251 0.06875 0.327 0.744 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2217 on 149 degrees of freedom Output:Multiple R-squared: 0.0007189, Adjusted R-squared: -0.005988 Output:F-statistic: 0.1072 on 1 and 149 DF, p-value: 0.7438 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0053 0.005266 0.1072 0.7438 Output:Residuals 149 7.3203 0.049130 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.04883715 Output:[1] 0.06930483 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001587444 -0.002442238 Output:regressor -0.002442238 0.004725940 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.570417 0.042669 13.369 <2e-16 * Output:regressor 0.022508 0.063411 0.355 0.7231 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:-0.46670 -0.17360 -0.02889 0.18561 0.41847 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.581062 0.032461 17.900 <2e-16 * Output:regressor 0.003218 0.087980 0.037 0.971 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2217 on 149 degrees of freedom Output:Multiple R-squared: 8.977e-06, Adjusted R-squared: -0.006702 Output:F-statistic: 0.001338 on 1 and 149 DF, p-value: 0.9709 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova 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 0.000066 0.0013 0.9709 Output:Residuals 149 7.3255 0.049164 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.04883715 Output:[1] 0.04234377 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001053743 -0.002374083 Output:regressor -0.002374083 0.007740528 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.5810618 0.0321808 18.0562 <2e-16 * Output:regressor 0.0032176 0.0845426 0.0381 0.9697 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:-1.656e-15 -2.600e-19 1.118e-17 2.051e-17 1.580e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -2.168e-16 1.912e-17 -1.134e+01 <2e-16 * Output:regressor 1.000e+00 4.286e-17 2.333e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.38e-16 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 5.444e+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 10.375 10.375 5.4442e+32 < 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] 0.06916476 Output:[1] 0.06916476 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 3.655588e-34 -6.630664e-34 Output:regressor -6.630664e-34 1.836832e-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) -2.1684e-16 2.8449e-17 -7.6220e+00 2.7e-12 * Output:regressor 1.0000e+00 5.0272e-17 1.9892e+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	0.1393	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.55040 -0.15357 -0.06569 0.14263 0.68235 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.09719 0.05610 1.732 0.0853 . Output:regressor 0.45321 0.09015 5.028 1.41e-06 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.244 on 149 degrees of freedom Output:Multiple R-squared: 0.145, Adjusted R-squared: 0.1393 Output:F-statistic: 25.28 on 1 and 149 DF, p-value: 1.408e-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 1.5047 1.50468 25.276 1.408e-06 * Output:Residuals 149 8.8700 0.05953 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.06916476 Output:[1] 0.04883715 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.003147304 -0.004729953 Output:regressor -0.004729953 0.008126387 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.097192 0.075332 1.2902 0.1989839 Output:regressor 0.453212 0.132949 3.4089 0.0008391 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	GB	0.0741	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.47882 -0.19396 -0.04464 0.12354 0.68553 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.27678 0.03113 8.890 1.87e-15 * Output:regressor 1.67686 0.46499 3.606 0.000423 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2531 on 149 degrees of freedom Output:Multiple R-squared: 0.08027, Adjusted R-squared: 0.0741 Output:F-statistic: 13 on 1 and 149 DF, p-value: 0.0004232 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.8328 0.83282 13.005 0.0004232 Output:Residuals 149 9.5419 0.06404 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.06916476 Output:[1] 0.001974557 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0009693282 -0.01085755 Output:regressor -0.0108575451 0.21621571 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.276778 0.033449 8.2746 6.695e-14 * Output:regressor 1.676857 0.487994 3.4362 0.0007646 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	RO	0.0464	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.37164 -0.20451 -0.06885 0.14283 0.65838 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.1731 0.0685 2.527 0.01254 * Output:regressor 0.3517 0.1221 2.880 0.00456 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2568 on 149 degrees of freedom Output:Multiple R-squared: 0.05273, Adjusted R-squared: 0.04637 Output:F-statistic: 8.294 on 1 and 149 DF, p-value: 0.004565 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.5470 0.54704 8.2939 0.004565 Output:Residuals 149 9.8277 0.06596 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.06916476 Output:[1] 0.0294904 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.004692040 -0.007965408 Output:regressor -0.007965408 0.014910508 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.173121 0.066039 2.6215 0.0096629 Output:regressor 0.351662 0.103033 3.4131 0.0008273 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	IT	0.0436	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.37016 -0.18846 -0.09049 0.13931 0.68597 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.24562 0.04623 5.313 3.86e-07 * Output:regressor 0.22324 0.07977 2.799 0.00581 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2572 on 149 degrees of freedom Output:Multiple R-squared: 0.04994, Adjusted R-squared: 0.04356 Output:F-statistic: 7.832 on 1 and 149 DF, p-value: 0.005812 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.5181 0.51809 7.8319 0.005812 * Output:Residuals 149 9.8566 0.06615 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.06916476 Output:[1] 0.06930483 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.002137457 -0.003288417 Output:regressor -0.003288417 0.006363367 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.245618 0.056469 4.3496 2.517e-05 ** Output:regressor 0.223243 0.086812 2.5716 0.0111 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	DE	-0.0037	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.38163 -0.21688 -0.06223 0.14469 0.65986 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.39338 0.05291 7.435 7.63e-12 * Output:regressor -0.07670 0.11453 -0.670 0.504 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2635 on 149 degrees of freedom Output:Multiple R-squared: 0.003001, Adjusted R-squared: -0.00369 Output:F-statistic: 0.4485 on 1 and 149 DF, p-value: 0.5041 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0311 0.031137 0.4485 0.5041 Output:Residuals 149 10.3436 0.069420 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.06916476 Output:[1] 0.03528222 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.002799643 -0.005540106 Output:regressor -0.005540106 0.013117086 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.393380 0.062711 6.2729 3.646e-09 * Output:regressor -0.076703 0.135760 -0.5650 0.5729 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	CH	-0.0055	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.36882 -0.21152 -0.06445 0.14657 0.64079 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.34742 0.03861 8.999 9.84e-16 * Output:regressor 0.04423 0.10464 0.423 0.673 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2637 on 149 degrees of freedom Output:Multiple R-squared: 0.001197, Adjusted R-squared: -0.005506 Output:F-statistic: 0.1786 on 1 and 149 DF, p-value: 0.6732 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0124 0.012423 0.1786 0.6732 Output:Residuals 149 10.3623 0.069546 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.06916476 Output:[1] 0.04234377 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001490572 -0.003358258 Output:regressor -0.003358258 0.010949361 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.347419 0.044126 7.8733 6.59e-13 * Output:regressor 0.044225 0.106149 0.4166 0.6775 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:-3.729e-17 -4.070e-18 -2.740e-18 -1.510e-18 4.691e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -3.614e-17 4.763e-18 -7.588e+00 3.27e-12 * Output:regressor 1.000e+00 7.114e-17 1.406e+16 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 3.871e-17 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 1.976e+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 0.29618 0.29618 1.9761e+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] 0.001974557 Output:[1] 0.001974557 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.268637e-35 -2.541124e-34 Output:regressor -2.541124e-34 5.060360e-33 Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -3.6139e-17 2.1394e-18 -1.6893e+01 < 2.2e-16 * Output:regressor 1.0000e+00 1.2957e-17 7.7178e+16 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Error:Warning message: Error:In summary.lm(x) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------"
GB	ES	0.0909	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.068646 -0.030707 -0.006287 0.022077 0.223105 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.013767 0.009742 1.413 0.16 Output:regressor 0.062622 0.015654 4.000 9.92e-05 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.04237 on 149 degrees of freedom Output:Multiple R-squared: 0.09699, Adjusted R-squared: 0.09093 Output:F-statistic: 16 on 1 and 149 DF, p-value: 9.925e-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 0.028727 0.028727 16.004 9.925e-05 * Output:Residuals 149 0.267456 0.001795 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.001974557 Output:[1] 0.04883715 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 9.489998e-05 -0.0001426212 Output:regressor -1.426212e-04 0.0002450332 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.013767 0.010713 1.2851 0.2007393 Output:regressor 0.062622 0.016883 3.7092 0.0002928 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	FR	0.0741	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.062163 -0.029351 -0.008349 0.023578 0.219837 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.032935 0.005922 5.561 1.21e-07 * Output:regressor 0.047872 0.013275 3.606 0.000423 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.04276 on 149 degrees of freedom Output:Multiple R-squared: 0.08027, Adjusted R-squared: 0.0741 Output:F-statistic: 13 on 1 and 149 DF, p-value: 0.0004232 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.023776 0.0237760 13.005 0.0004232 Output:Residuals 149 0.272408 0.0018282 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.001974557 Output:[1] 0.06916476 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 3.507071e-05 -6.361277e-05 Output:regressor -6.361277e-05 1.762206e-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) 0.0329353 0.0060163 5.4744 1.819e-07 * Output:regressor 0.0478719 0.0110443 4.3345 2.675e-05 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	CH	0.0033	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.05546 -0.03232 -0.01150 0.01920 0.21865 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.043609 0.006495 6.715 3.71e-10 * Output:regressor 0.021544 0.017603 1.224 0.223 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.04436 on 149 degrees of freedom Output:Multiple R-squared: 0.009953, Adjusted R-squared: 0.003309 Output:F-statistic: 1.498 on 1 and 149 DF, p-value: 0.2229 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.002948 0.002948 1.498 0.2229 Output:Residuals 149 0.293236 0.001968 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.001974557 Output:[1] 0.04234377 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 4.218069e-05 -9.503308e-05 Output:regressor -9.503308e-05 3.098486e-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) 0.0436086 0.0073113 5.9645 1.711e-08 * Output:regressor 0.0215439 0.0165063 1.3052 0.1938 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	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:-0.05137 -0.03357 -0.01087 0.02422 0.22042 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.048258 0.008012 6.023 1.28e-08 * Output:regressor 0.003789 0.013825 0.274 0.784 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.04457 on 149 degrees of freedom Output:Multiple R-squared: 0.0005038, Adjusted R-squared: -0.006204 Output:F-statistic: 0.0751 on 1 and 149 DF, p-value: 0.7844 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.000149 0.00014921 0.0751 0.7844 Output:Residuals 149 0.296034 0.00198681 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.001974557 Output:[1] 0.06930483 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 6.419650e-05 -9.876451e-05 Output:regressor -9.876451e-05 1.911178e-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) 0.0482584 0.0108162 4.4617 1.593e-05 * Output:regressor 0.0037886 0.0160525 0.2360 0.8137 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	RO	-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:-0.052263 -0.033820 -0.009602 0.024963 0.220477 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.047868 0.011890 4.026 9e-05 * Output:regressor 0.004395 0.021195 0.207 0.836 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.04458 on 149 degrees of freedom Output:Multiple R-squared: 0.0002885, Adjusted R-squared: -0.006421 Output:F-statistic: 0.04299 on 1 and 149 DF, p-value: 0.836 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.000085 0.00008544 0.043 0.836 Output:Residuals 149 0.296098 0.00198724 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.001974557 Output:[1] 0.0294904 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0001413666 -0.000239990 Output:regressor -0.0002399900 0.000449239 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0478685 0.0121289 3.9467 0.0001217 * Output:regressor 0.0043948 0.0213269 0.2061 0.8370176 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	DE	-0.0067	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.050228 -0.034050 -0.009889 0.024317 0.220194 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0503179 0.0089536 5.620 9.13e-08 * Output:regressor -0.0002407 0.0193804 -0.012 0.99 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.04458 on 149 degrees of freedom Output:Multiple R-squared: 1.035e-06, Adjusted R-squared: -0.00671 Output:F-statistic: 0.0001543 on 1 and 149 DF, p-value: 0.9901 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.00000 0.00000031 2e-04 0.9901 Output:Residuals 149 0.29618 0.00198781 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.001974557 Output:[1] 0.03528222 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 8.016638e-05 -0.0001586382 Output:regressor -1.586382e-04 0.0003756013 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0503179 0.0162859 3.0897 0.002391 Output:regressor -0.0002407 0.0348900 -0.0069 0.994505 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:-1.001e-16 -6.239e-18 -1.552e-18 3.819e-18 6.100e-17 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.000e+00 3.452e-18 0.000e+00 1 Output:regressor 1.000e+00 5.956e-18 1.679e+17 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.92e-17 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 2.819e+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 10.396 10.396 2.8189e+34 < 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] 0.06930483 Output:[1] 0.06930483 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.191604e-35 -1.833250e-35 Output:regressor -1.833250e-35 3.547495e-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 9.0445e-18 0.0000e+00 1 Output:regressor 1.0000e+00 1.4418e-17 6.9358e+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] "-------------------------------------------------------------------------------------------"
IT	FR	0.0436	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.64429 -0.15778 0.05251 0.17790 0.52068 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.43602 0.03566 12.228 < 2e-16 * Output:regressor 0.22369 0.07993 2.799 0.00581 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2575 on 149 degrees of freedom Output:Multiple R-squared: 0.04994, Adjusted R-squared: 0.04356 Output:F-statistic: 7.832 on 1 and 149 DF, p-value: 0.005812 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.5191 0.51914 7.8319 0.005812 * Output:Residuals 149 9.8766 0.06629 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.06930483 Output:[1] 0.06916476 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001271546 -0.002306385 Output:regressor -0.002306385 0.006389167 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.436023 0.061607 7.0775 5.361e-11 ** Output:regressor 0.223695 0.103271 2.1661 0.03189 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	DE	0.0279	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.60980 -0.17082 0.02267 0.18936 0.52997 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.62657 0.05212 12.021 <2e-16 *** Output:regressor -0.25997 0.11283 -2.304 0.0226 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2596 on 149 degrees of freedom Output:Multiple R-squared: 0.03441, Adjusted R-squared: 0.02793 Output:F-statistic: 5.309 on 1 and 149 DF, p-value: 0.02259 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.3577 0.35769 5.3093 0.02259 Output:Residuals 149 10.0380 0.06737 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.06930483 Output:[1] 0.03528222 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.002716944 -0.005376456 Output:regressor -0.005376456 0.012729619 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.626575 0.080339 7.7991 1.001e-12 Output:regressor -0.259973 0.198359 -1.3106 0.192 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	RO	0.0194	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.55403 -0.14600 0.02413 0.17699 0.51502 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.38476 0.06953 5.534 1.37e-07 *** Output:regressor 0.24711 0.12395 1.994 0.048 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2607 on 149 degrees of freedom Output:Multiple R-squared: 0.02598, Adjusted R-squared: 0.01945 Output:F-statistic: 3.975 on 1 and 149 DF, p-value: 0.04801 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.2701 0.270126 3.975 0.04801 Output:Residuals 149 10.1256 0.067957 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.06930483 Output:[1] 0.0294904 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.004834281 -0.008206881 Output:regressor -0.008206881 0.015362524 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.384761 0.093568 4.1121 6.457e-05 Output:regressor 0.247114 0.137931 1.7916 0.07523 . Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	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:-0.5408 -0.1481 0.0334 0.1887 0.4974 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.50211 0.03864 12.993 <2e-16 * Output:regressor 0.04781 0.10473 0.456 0.649 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.264 on 149 degrees of freedom Output:Multiple R-squared: 0.001397, Adjusted R-squared: -0.005305 Output:F-statistic: 0.2084 on 1 and 149 DF, p-value: 0.6487 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0145 0.014519 0.2084 0.6487 Output:Residuals 149 10.3812 0.069673 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.06930483 Output:[1] 0.04234377 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001493292 -0.003364387 Output:regressor -0.003364387 0.010969345 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.502109 0.037959 13.2276 <2e-16 * Output:regressor 0.047811 0.089612 0.5335 0.5945 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	ES	-0.0060	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.53012 -0.15282 0.02874 0.19158 0.48430 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.49818 0.06071 8.206 9.95e-14 * Output:regressor 0.03194 0.09756 0.327 0.744 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.264 on 149 degrees of freedom Output:Multiple R-squared: 0.0007189, Adjusted R-squared: -0.005988 Output:F-statistic: 0.1072 on 1 and 149 DF, p-value: 0.7438 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0075 0.007474 0.1072 0.7438 Output:Residuals 149 10.3883 0.069720 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.06930483 Output:[1] 0.04883715 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.003686004 -0.005539542 Output:regressor -0.005539542 0.009517319 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.498182 0.075928 6.5613 8.277e-10 * Output:regressor 0.031941 0.108408 0.2946 0.7687 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	GB	-0.0062	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.53669 -0.15509 0.02982 0.19255 0.48886 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.51010 0.03249 15.701 <2e-16 * Output:regressor 0.13297 0.48523 0.274 0.784 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2641 on 149 degrees of freedom Output:Multiple R-squared: 0.0005038, Adjusted R-squared: -0.006204 Output:F-statistic: 0.0751 on 1 and 149 DF, p-value: 0.7844 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0052 0.005237 0.0751 0.7844 Output:Residuals 149 10.3905 0.069735 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.06930483 Output:[1] 0.001974557 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001055534 -0.01182315 Output:regressor -0.011823148 0.23544459 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.51010 0.03801 13.4199 <2e-16 * Output:regressor 0.13298 0.60820 0.2186 0.8272 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"

Correlations for RO

Regressand	Regressor	R	R-Analysis Output
RO	RO	1.0000	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Error:Warning message: Error:In summary.lm(ols) : essentially perfect fit: summary may be unreliable Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-2.184e-15 4.890e-18 1.258e-17 2.385e-17 1.701e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -5.782e-16 4.833e-17 -1.196e+01 <2e-16 * Output:regressor 1.000e+00 8.615e-17 1.161e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.812e-16 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 1.347e+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 4.4236 4.4236 1.3474e+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] 0.0294904 Output:[1] 0.0294904 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.335420e-33 -3.964708e-33 Output:regressor -3.964708e-33 7.421568e-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) -5.7823e-16 5.5237e-17 -1.0468e+01 < 2.2e-16 * Output:regressor 1.0000e+00 8.2652e-17 1.2099e+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	0.0731	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.43889 -0.09525 -0.00950 0.08915 0.41393 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.42547 0.03320 12.815 < 2e-16 * Output:regressor 0.25748 0.07187 3.583 0.00046 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1653 on 149 degrees of freedom Output:Multiple R-squared: 0.07932, Adjusted R-squared: 0.07314 Output:F-statistic: 12.84 on 1 and 149 DF, p-value: 0.0004597 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.3509 0.35086 12.836 0.0004597 Output:Residuals 149 4.0727 0.02733 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0294904 Output:[1] 0.03528222 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001102336 -0.002181371 Output:regressor -0.002181371 0.005164744 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.425465 0.029703 14.3242 < 2.2e-16 * Output:regressor 0.257481 0.076635 3.3598 0.0009906 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	FR	0.0464	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.40775 -0.11163 -0.00425 0.11090 0.46761 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.48009 0.02323 20.67 < 2e-16 * Output:regressor 0.14994 0.05206 2.88 0.00456 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1677 on 149 degrees of freedom Output:Multiple R-squared: 0.05273, Adjusted R-squared: 0.04637 Output:F-statistic: 8.294 on 1 and 149 DF, p-value: 0.004565 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.2332 0.233248 8.2939 0.004565 * Output:Residuals 149 4.1903 0.028123 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0294904 Output:[1] 0.06916476 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0005394754 -0.0009785238 Output:regressor -0.0009785238 0.0027107149 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.480088 0.024718 19.4224 < 2.2e-16 Output:regressor 0.149941 0.049419 3.0341 0.002847 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	IT	0.0194	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.41780 -0.09693 -0.00367 0.10319 0.45002 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.47988 0.03057 15.699 <2e-16 *** Output:regressor 0.10515 0.05274 1.994 0.048 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.17 on 149 degrees of freedom Output:Multiple R-squared: 0.02598, Adjusted R-squared: 0.01945 Output:F-statistic: 3.975 on 1 and 149 DF, p-value: 0.04801 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.1149 0.114943 3.975 0.04801 Output:Residuals 149 4.3086 0.028917 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0294904 Output:[1] 0.06930483 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0009343446 -0.001437463 Output:regressor -0.0014374629 0.002781613 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.479875 0.035433 13.5432 <2e-16 Output:regressor 0.105151 0.058420 1.7999 0.0739 . Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	ES	0.0158	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.42031 -0.10992 -0.00538 0.11002 0.46499 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.46660 0.03917 11.911 <2e-16 * Output:regressor 0.11617 0.06295 1.846 0.0669 . Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1704 on 149 degrees of freedom Output:Multiple R-squared: 0.02235, Adjusted R-squared: 0.01579 Output:F-statistic: 3.406 on 1 and 149 DF, p-value: 0.06693 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0989 0.098868 3.4063 0.06693 . Output:Residuals 149 4.3247 0.029025 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0294904 Output:[1] 0.04883715 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001534505 -0.002306145 Output:regressor -0.002306145 0.003962117 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.466596 0.042382 11.0093 < 2e-16 ** Output:regressor 0.116174 0.057618 2.0163 0.04557 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	GB	-0.0064	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.42378 -0.10180 0.00566 0.10000 0.46908 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.53092 0.02120 25.049 <2e-16 * Output:regressor 0.06564 0.31656 0.207 0.836 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1723 on 149 degrees of freedom Output:Multiple R-squared: 0.0002885, Adjusted R-squared: -0.006421 Output:F-statistic: 0.04299 on 1 and 149 DF, p-value: 0.836 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0013 0.0012761 0.043 0.836 Output:Residuals 149 4.4223 0.0296798 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0294904 Output:[1] 0.001974557 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0004492447 -0.005032036 Output:regressor -0.0050320364 0.100207302 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.530918 0.027290 19.4545 <2e-16 * Output:regressor 0.065638 0.312223 0.2102 0.8338 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	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:-0.4277 -0.1046 0.0058 0.1013 0.4649 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.535784 0.025225 21.240 <2e-16 * Output:regressor -0.005118 0.068367 -0.075 0.94 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1723 on 149 degrees of freedom Output:Multiple R-squared: 3.76e-05, Adjusted R-squared: -0.006674 Output:F-statistic: 0.005603 on 1 and 149 DF, p-value: 0.9404 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0002 0.0001663 0.0056 0.9404 Output:Residuals 149 4.4234 0.0296872 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.0294904 Output:[1] 0.04234377 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0006362863 -0.001433553 Output:regressor -0.0014335529 0.004673997 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.5357840 0.0307309 17.4347 <2e-16 * Output:regressor -0.0051176 0.0814600 -0.0628 0.95 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		0.0540		0.2036		-0.0000		0.6448		0.0962		0.3624
DE		0.0540		1.0000		0.4258		0.3764		0.1767		0.1258		-0.0045
ES		0.2036		0.4258		1.0000		0.7262		0.6544		0.1402		-0.0033
FR		-0.0000		0.3764		0.7262		1.0000		0.1922		0.5696		0.2601
GB		0.6448		0.1767		0.6544		0.1922		1.0000		0.0045		0.1550
IT		0.0962		0.1258		0.1402		0.5696		0.0045		1.0000		0.6544
RO		0.3624		-0.0045		-0.0033		0.2601		0.1550		0.6544		1.0000

Correlations for CH

Regressand	Regressor	R	R-Analysis Output
CH	CH	1.0000	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Error:Warning message: Error:In summary.lm(ols) : essentially perfect fit: summary may be unreliable Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-2.672e-16 -2.838e-17 -1.262e-17 1.066e-17 2.000e-15 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.000e+00 1.554e-17 0.000e+00 1 Output:regressor 1.000e+00 1.394e-17 7.172e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.712e-16 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 5.143e+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 1 150.78 150.78 5.1432e+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] 1.0052 Output:[1] 1.0052 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.415424e-34 9.599565e-35 Output:regressor 9.599565e-35 1.944300e-34 Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.0000e+00 1.7257e-17 0.000e+00 1 Output:regressor 1.0000e+00 9.2676e-18 1.079e+17 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 OutputError:Warning message: : Error:In summary.lm(x) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------"
CH	GB	0.6448	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.16578 -0.47005 -0.06771 0.40955 1.31243 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.53699 0.07907 6.792 2.47e-10 * Output:regressor 1.92798 0.11662 16.532 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.5975 on 149 degrees of freedom Output:Multiple R-squared: 0.6472, Adjusted R-squared: 0.6448 Output:F-statistic: 273.3 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 97.583 97.583 273.32 < 2.2e-16 Output:Residuals 149 53.197 0.357 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.0052 Output:[1] 0.1750159 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.006251412 0.007270657 Output:regressor 0.007270657 0.013599868 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.53699 0.31327 1.7142 0.08858 . Output:regressor 1.92798 0.44744 4.3089 2.966e-05 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	RO	0.3624	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-2.3716 -0.4023 0.1708 0.6669 1.2596 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.73217 0.07003 -10.456 <2e-16 * Output:regressor -0.49378 0.05317 -9.287 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.8006 on 149 degrees of freedom Output:Multiple R-squared: 0.3666, Adjusted R-squared: 0.3624 Output:F-statistic: 86.25 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 55.281 55.281 86.251 < 2.2e-16 Output:Residuals 149 95.499 0.641 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.0052 Output:[1] 1.511528 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.004903768 0.001365080 Output:regressor 0.001365080 0.002826856 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.73217 0.48743 -1.5021 0.135183 Output:regressor -0.49378 0.15128 -3.2640 0.001363 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	ES	0.2036	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.4929 -0.7168 -0.0267 0.6027 1.8092 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.21140 0.13394 1.578 0.117 Output:regressor 0.17592 0.02805 6.273 3.65e-09 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.8947 on 149 degrees of freedom Output:Multiple R-squared: 0.2089, Adjusted R-squared: 0.2036 Output:F-statistic: 39.34 on 1 and 149 DF, p-value: 3.654e-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 31.497 31.4973 39.344 3.654e-09 * Output:Residuals 149 119.283 0.8006 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.0052 Output:[1] 6.785171 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.017938990 0.0031528015 Output:regressor 0.003152802 0.0007865726 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.21140 0.25940 0.815 0.4164 Output:regressor 0.17592 0.20994 0.838 0.4034 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	IT	0.0962	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-2.1887 -0.9202 0.2851 0.7778 1.4773 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.59722 0.08154 -7.325 1.4e-11 * Output:regressor -0.22257 0.05404 -4.118 6.3e-05 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.9532 on 149 degrees of freedom Output:Multiple R-squared: 0.1022, Adjusted R-squared: 0.09618 Output:F-statistic: 16.96 on 1 and 149 DF, p-value: 6.299e-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 15.41 15.4102 16.962 6.299e-05 Output:Residuals 149 135.37 0.9085 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.0052 Output:[1] 2.073898 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.006648126 0.001357967 Output:regressor 0.001357967 0.002920496 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.59722 0.78823 -0.7577 0.4498 Output:regressor -0.22257 0.32715 -0.6803 0.4973 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	DE	0.0540	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.9933 -0.9128 0.0374 0.7716 1.7987 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.14536 0.22139 0.657 0.51248 Output:regressor -0.15692 0.05075 -3.092 0.00237 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.9752 on 149 degrees of freedom Output:Multiple R-squared: 0.0603, Adjusted R-squared: 0.05399 Output:F-statistic: 9.561 on 1 and 149 DF, p-value: 0.002373 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 9.092 9.0922 9.5614 0.002373 Output:Residuals 149 141.688 0.9509 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.0052 Output:[1] 2.461678 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.04901380 -0.010488382 Output:regressor -0.01048838 0.002575275 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.14536 0.49629 0.2929 0.7700 Output:regressor -0.15692 0.27591 -0.5687 0.5704 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	FR	-0.0000	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.8687 -0.9926 0.2937 0.7711 1.7921 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.36727 0.15054 -2.44 0.0159 * Output:regressor 0.02284 0.02285 1.00 0.3191 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.003 on 149 degrees of freedom Output:Multiple R-squared: 0.006661, Adjusted R-squared: -5.377e-06 Output:F-statistic: 0.9992 on 1 and 149 DF, p-value: 0.3191 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 1.004 1.0044 0.9992 0.3191 Output:Residuals 149 149.776 1.0052 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.0052 Output:[1] 12.83505 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.022662400 0.0028907883 Output:regressor 0.002890788 0.0005221144 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.367267 0.663394 -0.5536 0.5807 Output:regressor 0.022841 0.226234 0.1010 0.9197 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:-9.732e-16 -8.670e-17 -4.030e-17 3.080e-17 7.648e-15 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.156e-15 1.475e-16 7.839e+00 7.98e-13 * Output:regressor 1.000e+00 3.381e-17 2.957e+16 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 6.498e-16 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 8.746e+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 1 369.25 369.25 8.7458e+32 < 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] 2.461678 Output:[1] 2.461678 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.176194e-32 -4.656801e-33 Output:regressor -4.656801e-33 1.143412e-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) 1.1565e-15 3.7536e-16 3.0810e+00 0.002458 Output:regressor 1.0000e+00 7.9942e-17 1.2509e+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	ES	0.4258	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-2.6197 -0.9738 0.2360 1.0988 1.7880 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.49019 0.17797 13.99 <2e-16 * Output:regressor -0.39482 0.03727 -10.60 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.189 on 149 degrees of freedom Output:Multiple R-squared: 0.4297, Adjusted R-squared: 0.4258 Output:F-statistic: 112.2 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 1 158.65 158.650 112.24 < 2.2e-16 Output:Residuals 149 210.60 1.413 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.461678 Output:[1] 6.785171 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.03167248 0.005566480 Output:regressor 0.00556648 0.001388746 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.49019 4.39854 0.5661 0.5722 Output:regressor -0.39482 0.81618 -0.4837 0.6293 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	FR	0.3764	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-2.72585 -0.89385 -0.02596 0.73722 2.61529 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.57683 0.18603 13.852 <2e-16 * Output:regressor -0.27018 0.02824 -9.568 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.239 on 149 degrees of freedom Output:Multiple R-squared: 0.3806, Adjusted R-squared: 0.3764 Output:F-statistic: 91.55 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 1 140.54 140.536 91.555 < 2.2e-16 Output:Residuals 149 228.72 1.535 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.461678 Output:[1] 12.83505 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.034606697 0.0044143883 Output:regressor 0.004414388 0.0007972966 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.57683 4.39716 0.5860 0.5587 Output:regressor -0.27018 0.56178 -0.4809 0.6313 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	GB	0.1767	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-3.2203 -0.8609 0.6290 1.0500 2.1284 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 3.2170 0.1884 17.077 < 2e-16 * Output:regressor -1.6007 0.2779 -5.761 4.63e-08 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.424 on 149 degrees of freedom Output:Multiple R-squared: 0.1822, Adjusted R-squared: 0.1767 Output:F-statistic: 33.19 on 1 and 149 DF, p-value: 4.635e-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 67.264 67.264 33.188 4.635e-08 Output:Residuals 149 301.988 2.027 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.461678 Output:[1] 0.1750159 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.03548773 0.04127373 Output:regressor 0.04127373 0.07720311 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 3.2170 3.9649 0.8114 0.4184 Output:regressor -1.6007 3.8672 -0.4139 0.6795 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	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:-3.8889 -0.4367 -0.1123 1.1515 2.4141 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 3.88893 0.12549 30.990 < 2e-16 * Output:regressor -0.39527 0.08317 -4.752 4.69e-06 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.467 on 149 degrees of freedom Output:Multiple R-squared: 0.1316, Adjusted R-squared: 0.1258 Output:F-statistic: 22.59 on 1 and 149 DF, p-value: 4.691e-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 48.60 48.604 22.585 4.691e-06 Output:Residuals 149 320.65 2.152 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.461678 Output:[1] 2.073898 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.015747303 0.003216594 Output:regressor 0.003216594 0.006917731 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 3.88893 2.37560 1.6370 0.1037 Output:regressor -0.39527 0.94238 -0.4194 0.6755 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	CH	0.0540	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-3.8830 -0.6546 0.4862 0.9824 2.5830 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 3.8830 0.1385 28.032 < 2e-16 * Output:regressor -0.3843 0.1243 -3.092 0.00237 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.526 on 149 degrees of freedom Output:Multiple R-squared: 0.0603, Adjusted R-squared: 0.05399 Output:F-statistic: 9.561 on 1 and 149 DF, p-value: 0.002373 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 22.27 22.2663 9.5614 0.002373 * Output:Residuals 149 346.99 2.3288 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.461678 Output:[1] 1.0052 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.019187197 0.007625523 Output:regressor 0.007625523 0.015444767 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 3.88299 3.82964 1.0139 0.3123 Output:regressor -0.38428 2.03628 -0.1887 0.8506 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	RO	-0.0045	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-4.1015 -0.2947 0.4490 1.0653 2.1258 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 4.10149 0.13755 29.819 <2e-16 * Output:regressor 0.05958 0.10443 0.571 0.569 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.573 on 149 degrees of freedom Output:Multiple R-squared: 0.00218, Adjusted R-squared: -0.004517 Output:F-statistic: 0.3255 on 1 and 149 DF, p-value: 0.5692 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.80 0.80483 0.3255 0.5692 Output:Residuals 149 368.45 2.47280 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.461678 Output:[1] 1.511528 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.018919398 0.005266663 Output:regressor 0.005266663 0.010906390 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 4.10149 1.84991 2.2171 0.02813 * Output:regressor 0.05958 0.48501 0.1228 0.90240 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"

Correlations for ES

Regressand	Regressor	R	R-Analysis Output
ES	ES	1.0000	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Error:Warning message: Error:In summary.lm(ols) : essentially perfect fit: summary may be unreliable Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-3.080e-15 -3.519e-16 -2.174e-16 1.840e-17 3.025e-14 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 3.469e-15 3.766e-16 9.212e+00 2.78e-16 * Output:regressor 1.000e+00 7.886e-17 1.268e+16 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 2.516e-15 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 1.608e+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 1017.8 1017.8 1.608e+32 < 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] 6.785171 Output:[1] 6.785171 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.418328e-31 2.492730e-32 Output:regressor 2.492730e-32 6.218956e-33 Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 3.4694e-15 6.0697e-16 5.7159e+00 5.761e-08 * Output:regressor 1.0000e+00 1.0384e-16 9.6305e+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] "-------------------------------------------------------------------------------------------"
ES	FR	0.7262	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-2.0598 -1.3102 -0.1177 1.0089 2.5425 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.57353 0.20467 -2.802 0.00575 Output:regressor 0.62036 0.03107 19.969 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.363 on 149 degrees of freedom Output:Multiple R-squared: 0.728, Adjusted R-squared: 0.7262 Output:F-statistic: 398.8 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 1 740.93 740.93 398.78 < 2.2e-16 Output:Residuals 149 276.84 1.86 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 6.785171 Output:[1] 12.83505 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.041888866 0.005343293 Output:regressor 0.005343293 0.000965069 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.57353 2.08941 -0.2745 0.78409 Output:regressor 0.62036 0.21028 2.9501 0.00369 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	GB	0.6544	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-2.911 -1.571 0.292 1.108 2.796 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -1.3107 0.2026 -6.469 1.34e-09 * Output:regressor 5.0459 0.2989 16.884 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.531 on 149 degrees of freedom Output:Multiple R-squared: 0.6567, Adjusted R-squared: 0.6544 Output:F-statistic: 285.1 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 1 668.42 668.42 285.09 < 2.2e-16 Output:Residuals 149 349.35 2.34 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 6.785171 Output:[1] 0.1750159 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.04105360 0.04774708 Output:regressor 0.04774708 0.08931159 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -1.3107 2.1339 -0.6142 0.54002 Output:regressor 5.0459 1.6570 3.0453 0.00275 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	DE	0.4258	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-3.5592 -0.8347 0.2604 1.2676 3.7179 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.4238 0.4481 0.946 0.346 Output:regressor -1.0882 0.1027 -10.595 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.974 on 149 degrees of freedom Output:Multiple R-squared: 0.4297, Adjusted R-squared: 0.4258 Output:F-statistic: 112.2 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 1 437.29 437.29 112.24 < 2.2e-16 * Output:Residuals 149 580.48 3.90 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 6.785171 Output:[1] 2.461678 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.20080605 -0.04297016 Output:regressor -0.04297016 0.01055072 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.42382 1.90578 0.2224 0.82432 Output:regressor -1.08824 0.45604 -2.3863 0.01827 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	CH	0.2036	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-4.2127 -2.1675 0.4158 1.9602 3.5237 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -3.4220 0.2110 -16.218 < 2e-16 * Output:regressor 1.1875 0.1893 6.273 3.65e-09 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 2.325 on 149 degrees of freedom Output:Multiple R-squared: 0.2089, Adjusted R-squared: 0.2036 Output:F-statistic: 39.34 on 1 and 149 DF, p-value: 3.654e-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 1 212.61 212.609 39.344 3.654e-09 Output:Residuals 149 805.17 5.404 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 6.785171 Output:[1] 1.0052 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.04452316 0.01769474 Output:regressor 0.01769474 0.03583899 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -3.4220 3.0724 -1.1138 0.2672 Output:regressor 1.1875 1.3497 0.8798 0.3804 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	IT	0.1402	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-3.5968 -2.1271 -0.4591 2.5086 4.2297 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -3.6870 0.2066 -17.845 < 2e-16 * Output:regressor 0.6909 0.1369 5.045 1.3e-06 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 2.415 on 149 degrees of freedom Output:Multiple R-squared: 0.1459, Adjusted R-squared: 0.1402 Output:F-statistic: 25.45 on 1 and 149 DF, p-value: 1.302e-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 1 148.49 148.492 25.452 1.302e-06 Output:Residuals 149 869.28 5.834 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 6.785171 Output:[1] 2.073898 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.042691254 0.008720249 Output:regressor 0.008720249 0.018754106 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -3.6870 2.2304 -1.6531 0.1004 Output:regressor 0.6909 1.1175 0.6183 0.5373 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	RO	-0.0033	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-3.9210 -2.5656 -0.2135 2.3955 4.1457 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -3.9491 0.2282 -17.304 <2e-16 * Output:regressor 0.1225 0.1733 0.707 0.481 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 2.609 on 149 degrees of freedom Output:Multiple R-squared: 0.003343, Adjusted R-squared: -0.003346 Output:F-statistic: 0.4998 on 1 and 149 DF, p-value: 0.4807 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 3.4 3.4023 0.4998 0.4807 Output:Residuals 149 1014.4 6.8079 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 6.785171 Output:[1] 1.511528 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.05208712 0.01449968 Output:regressor 0.01449968 0.03002645 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -3.9491 4.1686 -0.9474 0.3450 Output:regressor 0.1225 1.0429 0.1175 0.9067 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:-8.142e-15 -1.830e-17 5.240e-17 1.691e-16 6.213e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -1.156e-15 1.049e-16 -1.102e+01 <2e-16 * Output:regressor 1.000e+00 1.593e-17 6.278e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 6.989e-16 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 3.941e+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 1925.3 1925.3 3.9411e+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] 12.83505 Output:[1] 12.83505 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output: (Intercept) regressor Output:(Intercept) 1.101337e-32 1.404852e-33 Output:regressor 1.404852e-33 2.537348e-34 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -1.1565e-15 1.7018e-16 -6.7956e+00 2.42e-10 * Output:regressor 1.0000e+00 2.1554e-17 4.6394e+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	0.7262	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-2.7517 -1.8034 -0.3437 1.5945 3.3578 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.83300 0.28064 -2.968 0.00349 Output:regressor 1.17350 0.05876 19.969 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.875 on 149 degrees of freedom Output:Multiple R-squared: 0.728, Adjusted R-squared: 0.7262 Output:F-statistic: 398.8 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 1401.57 1401.57 398.78 < 2.2e-16 Output:Residuals 149 523.69 3.51 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 12.83505 Output:[1] 6.785171 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.07875741 0.013841720 Output:regressor 0.01384172 0.003453283 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.83300 4.88621 -0.1705 0.86486 Output:regressor 1.17350 0.62214 1.8862 0.06121 . Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	IT	0.5696	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-4.0636 -1.6783 -0.8979 2.3849 4.6615 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -4.6615 0.2011 -23.18 <2e-16 * Output:regressor 1.8822 0.1333 14.12 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 2.35 on 149 degrees of freedom Output:Multiple R-squared: 0.5725, Adjusted R-squared: 0.5696 Output:F-statistic: 199.5 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 1102.13 1102.13 199.5 < 2.2e-16 Output:Residuals 149 823.13 5.52 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 12.83505 Output:[1] 2.073898 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.040424590 0.008257254 Output:regressor 0.008257254 0.017758370 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -4.6615 2.0159 -2.3124 0.02212 * Output:regressor 1.8822 1.3379 1.4069 0.16154 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	DE	0.3764	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-5.6348 -1.9286 -0.0768 1.9833 6.5054 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.2005 0.6423 0.312 0.755 Output:regressor -1.4087 0.1472 -9.568 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 2.829 on 149 degrees of freedom Output:Multiple R-squared: 0.3806, Adjusted R-squared: 0.3764 Output:F-statistic: 91.55 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 1 732.75 732.75 91.555 < 2.2e-16 * Output:Residuals 149 1192.51 8.00 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 12.83505 Output:[1] 2.461678 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.41252256 -0.08827503 Output:regressor -0.08827503 0.02167469 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.20052 1.72812 0.1160 0.90778 Output:regressor -1.40869 0.60430 -2.3311 0.02109 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	RO	0.2601	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-5.0948 -2.5187 -0.3392 2.5596 5.1790 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -4.8122 0.2695 -17.853 < 2e-16 * Output:regressor 1.5003 0.2047 7.331 1.35e-11 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 3.082 on 149 degrees of freedom Output:Multiple R-squared: 0.2651, Adjusted R-squared: 0.2601 Output:F-statistic: 53.74 on 1 and 149 DF, p-value: 1.351e-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 1 510.32 510.32 53.74 1.351e-11 Output:Residuals 149 1414.93 9.50 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 12.83505 Output:[1] 1.511528 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.07265553 0.02022539 Output:regressor 0.02022539 0.04188344 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -4.81222 5.36151 -0.8976 0.3709 Output:regressor 1.50027 0.95215 1.5757 0.1172 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	GB	0.1922	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-4.6215 -3.4359 0.1945 2.9903 4.8406 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -3.5015 0.4261 -8.218 9.26e-14 * Output:regressor 3.8069 0.6284 6.058 1.08e-08 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 3.22 on 149 degrees of freedom Output:Multiple R-squared: 0.1976, Adjusted R-squared: 0.1922 Output:F-statistic: 36.7 on 1 and 149 DF, p-value: 1.077e-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 1 380.46 380.46 36.696 1.077e-08 Output:Residuals 149 1544.80 10.37 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 12.83505 Output:[1] 0.1750159 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.1815355 0.2111334 Output:regressor 0.2111334 0.3949281 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -3.5015 18.1873 -0.1925 0.8476 Output:regressor 3.8069 9.8717 0.3856 0.7003 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	CH	-0.0000	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-5.4075 -3.5459 -0.0008 3.7421 5.5867 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -5.3927 0.3252 -16.58 <2e-16 * Output:regressor 0.2916 0.2918 1.00 0.319 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 3.583 on 149 degrees of freedom Output:Multiple R-squared: 0.006661, Adjusted R-squared: -5.377e-06 Output:F-statistic: 0.9992 on 1 and 149 DF, p-value: 0.3191 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 12.82 12.825 0.9992 0.3191 Output:Residuals 149 1912.43 12.835 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 12.83505 Output:[1] 1.0052 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.10575153 0.04202859 Output:regressor 0.04202859 0.08512487 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -5.39270 14.40632 -0.3743 0.7087 Output:regressor 0.29164 2.72104 0.1072 0.9148 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:-1.034e-16 -1.967e-17 -7.160e-18 5.500e-19 1.057e-15 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.446e-16 1.204e-17 1.201e+01 <2e-16 * Output:regressor 1.000e+00 1.776e-17 5.631e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 9.099e-17 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 3.171e+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 26.252 26.252 3.1711e+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] 0.1750159 Output:[1] 0.1750159 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.449565e-34 1.685905e-34 Output:regressor 1.685905e-34 3.153509e-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 1.8673e-17 7.7417e+00 1.382e-12 * Output:regressor 1.0000e+00 2.2334e-17 4.4775e+16 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Error:Warning message: Error:In summary.lm(x) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------"
GB	ES	0.6544	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.35172 -0.22863 -0.01129 0.18816 0.50927 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.012918 0.036813 -0.351 0.726 Output:regressor 0.130154 0.007709 16.884 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2459 on 149 degrees of freedom Output:Multiple R-squared: 0.6567, Adjusted R-squared: 0.6544 Output:F-statistic: 285.1 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 17.2412 17.2412 285.09 < 2.2e-16 * Output:Residuals 149 9.0111 0.0605 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1750159 Output:[1] 6.785171 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0013551901 2.381765e-04 Output:regressor 0.0002381765 5.942114e-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) -0.012918 0.222045 -0.0582 0.9537 Output:regressor 0.130154 0.070746 1.8397 0.0678 . Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	CH	0.6448	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.44939 -0.17886 0.02551 0.16142 0.56125 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.36888 0.02263 -16.30 <2e-16 * Output:regressor 0.33568 0.02030 16.53 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.2493 on 149 degrees of freedom Output:Multiple R-squared: 0.6472, Adjusted R-squared: 0.6448 Output:F-statistic: 273.3 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 16.9902 16.9902 273.32 < 2.2e-16 Output:Residuals 149 9.2622 0.0622 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1750159 Output:[1] 1.0052 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0005121710 0.0002035509 Output:regressor 0.0002035509 0.0004122729 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.368877 0.137821 -2.6765 0.008273 Output:regressor 0.335681 0.082236 4.0819 7.259e-05 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	FR	0.1922	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.6336 -0.3061 -0.0689 0.3991 0.5924 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.247205 0.056456 -4.379 2.24e-05 * Output:regressor 0.051910 0.008569 6.058 1.08e-08 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.376 on 149 degrees of freedom Output:Multiple R-squared: 0.1976, Adjusted R-squared: 0.1922 Output:F-statistic: 36.7 on 1 and 149 DF, p-value: 1.077e-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 5.1878 5.1878 36.696 1.077e-08 Output:Residuals 149 21.0646 0.1414 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1750159 Output:[1] 12.83505 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0031872608 4.065631e-04 Output:regressor 0.0004065631 7.343065e-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) -0.24721 0.52357 -0.4722 0.6375 Output:regressor 0.05191 0.12801 0.4055 0.6857 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	DE	0.1767	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.66855 -0.23690 -0.03447 0.35790 0.68571 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.07113 0.08618 -0.825 0.411 Output:regressor -0.11380 0.01975 -5.761 4.63e-08 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3796 on 149 degrees of freedom Output:Multiple R-squared: 0.1822, Adjusted R-squared: 0.1767 Output:F-statistic: 33.19 on 1 and 149 DF, p-value: 4.635e-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 4.7822 4.7822 33.188 4.635e-08 * Output:Residuals 149 21.4702 0.1441 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1750159 Output:[1] 2.461678 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.007427145 -0.0015893227 Output:regressor -0.001589323 0.0003902358 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.071126 0.198086 -0.3591 0.72005 Output:regressor -0.113803 0.051382 -2.2148 0.02829 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	RO	0.1550	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.72225 -0.28114 0.08528 0.23279 0.66432 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.60047 0.03364 -17.85 < 2e-16 * Output:regressor -0.13638 0.02554 -5.34 3.4e-07 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3846 on 149 degrees of freedom Output:Multiple R-squared: 0.1606, Adjusted R-squared: 0.155 Output:F-statistic: 28.52 on 1 and 149 DF, p-value: 3.403e-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 4.2172 4.2172 28.517 3.403e-07 Output:Residuals 149 22.0352 0.1479 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1750159 Output:[1] 1.511528 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0011314844 0.0003149755 Output:regressor 0.0003149755 0.0006522623 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.60047 0.51815 -1.1589 0.2484 Output:regressor -0.13638 0.12146 -1.1228 0.2633 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	IT	0.0045	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.7274 -0.3785 0.0213 0.3471 0.7366 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.54885 0.03571 -15.371 <2e-16 * Output:regressor -0.03062 0.02367 -1.294 0.198 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4174 on 149 degrees of freedom Output:Multiple R-squared: 0.01111, Adjusted R-squared: 0.004476 Output:F-statistic: 1.674 on 1 and 149 DF, p-value: 0.1977 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.2917 0.29174 1.6744 0.1977 Output:Residuals 149 25.9606 0.17423 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1750159 Output:[1] 2.073898 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0012749497 0.0002604252 Output:regressor 0.0002604252 0.0005600806 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.548852 0.664181 -0.8264 0.4099 Output:regressor -0.030624 0.172158 -0.1779 0.8591 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:-5.292e-16 -7.320e-17 -4.460e-17 2.100e-18 6.744e-15 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.891e-16 4.814e-17 6.006e+00 1.39e-08 * Output:regressor 1.000e+00 3.191e-17 3.134e+16 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 5.627e-16 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 9.823e+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 1 311.08 311.08 9.8232e+32 < 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] 2.073898 Output:[1] 2.073898 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.317348e-33 4.733488e-34 Output:regressor 4.733488e-34 1.018002e-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 4.9316e-17 5.8625e+00 2.825e-08 * Output:regressor 1.0000e+00 1.2555e-17 7.9651e+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	0.6544	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.4123 -0.5841 -0.1941 0.4909 2.4812 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.006582 0.074047 -0.089 0.929 Output:regressor 0.949262 0.056221 16.885 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.8465 on 149 degrees of freedom Output:Multiple R-squared: 0.6568, Adjusted R-squared: 0.6544 Output:F-statistic: 285.1 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 1 204.31 204.306 285.09 < 2.2e-16 * Output:Residuals 149 106.78 0.717 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.073898 Output:[1] 1.511528 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.005483012 0.001526326 Output:regressor 0.001526326 0.003160770 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.0065822 0.5695892 -0.0116 0.9908 Output:regressor 0.9492624 0.2028590 4.6794 6.408e-06 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	FR	0.5696	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.99445 -0.70266 0.04951 0.79691 1.87571 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.21893 0.14186 8.592 1.06e-14 * Output:regressor 0.30414 0.02153 14.125 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.9448 on 149 degrees of freedom Output:Multiple R-squared: 0.5725, Adjusted R-squared: 0.5696 Output:F-statistic: 199.5 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 1 178.08 178.083 199.5 < 2.2e-16 Output:Residuals 149 133.00 0.893 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.073898 Output:[1] 12.83505 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.020124390 0.0025670428 Output:regressor 0.002567043 0.0004636417 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.21893 1.35699 0.8983 0.37050 Output:regressor 0.30414 0.13752 2.2115 0.02852 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	ES	0.1402	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-2.4672 -0.8673 -0.2552 1.1038 2.7591 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.38146 0.19990 1.908 0.0583 . Output:regressor 0.21117 0.04186 5.045 1.3e-06 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.335 on 149 degrees of freedom Output:Multiple R-squared: 0.1459, Adjusted R-squared: 0.1402 Output:F-statistic: 25.45 on 1 and 149 DF, p-value: 1.302e-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 45.387 45.387 25.452 1.302e-06 * Output:Residuals 149 265.698 1.783 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.073898 Output:[1] 6.785171 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.039958465 0.007022754 Output:regressor 0.007022754 0.001752063 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.38146 4.10806 0.0929 0.9261 Output:regressor 0.21117 0.54893 0.3847 0.7010 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	DE	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:-2.1519 -0.9413 -0.5098 1.3990 2.6769 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.89126 0.30569 2.916 0.0041 Output:regressor -0.33301 0.07007 -4.752 4.69e-06 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.346 on 149 degrees of freedom Output:Multiple R-squared: 0.1316, Adjusted R-squared: 0.1258 Output:F-statistic: 22.59 on 1 and 149 DF, p-value: 4.691e-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 40.947 40.947 22.585 4.691e-06 Output:Residuals 149 270.137 1.813 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.073898 Output:[1] 2.461678 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.09344818 -0.019996824 Output:regressor -0.01999682 0.004909939 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.89126 1.37796 0.6468 0.5188 Output:regressor -0.33301 0.29754 -1.1192 0.2649 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	CH	0.0962	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.8852 -1.2361 -0.3304 0.9247 3.4558 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.6917 0.1243 -5.566 1.18e-07 * Output:regressor -0.4592 0.1115 -4.118 6.30e-05 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.369 on 149 degrees of freedom Output:Multiple R-squared: 0.1022, Adjusted R-squared: 0.09618 Output:F-statistic: 16.96 on 1 and 149 DF, p-value: 6.299e-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 31.794 31.794 16.962 6.299e-05 Output:Residuals 149 279.291 1.874 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.073898 Output:[1] 1.0052 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.015443903 0.006137835 Output:regressor 0.006137835 0.012431596 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.6917 1.5485 -0.4467 0.6557 Output:regressor -0.4592 0.5618 -0.8174 0.4150 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	GB	0.0045	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-2.067 -1.167 -0.556 1.117 3.259 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.6590 0.1901 -3.466 0.000691 * Output:regressor -0.3629 0.2804 -1.294 0.197672 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.437 on 149 degrees of freedom Output:Multiple R-squared: 0.01111, Adjusted R-squared: 0.004476 Output:F-statistic: 1.674 on 1 and 149 DF, p-value: 0.1977 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 3.457 3.4570 1.6744 0.1977 Output:Residuals 149 307.628 2.0646 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.073898 Output:[1] 0.1750159 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.03615048 0.04204453 Output:regressor 0.04204453 0.07864490 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.65898 2.58830 -0.2546 0.7994 Output:regressor -0.36288 2.24046 -0.1620 0.8716 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:-5.796e-15 1.340e-17 3.530e-17 6.380e-17 4.482e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -7.228e-17 4.208e-17 -1.718e+00 0.0879 . Output:regressor 1.000e+00 3.195e-17 3.130e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 4.811e-16 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 9.796e+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 1 226.73 226.73 9.796e+32 < 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] 1.511528 Output:[1] 1.511528 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 1.770831e-33 4.929528e-34 Output:regressor 4.929528e-34 1.020824e-33 Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -7.2279e-17 4.1261e-17 -1.7518e+00 0.08187 . Output:regressor 1.0000e+00 1.0240e-17 9.7654e+16 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Error:Warning message: Error:In summary.lm(x) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------"
RO	IT	0.6544	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.46106 -0.63260 0.02878 0.60415 1.53141 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.16120 0.06182 -2.607 0.01 * Output:regressor 0.69186 0.04098 16.885 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.7227 on 149 degrees of freedom Output:Multiple R-squared: 0.6568, Adjusted R-squared: 0.6544 Output:F-statistic: 285.1 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 1 148.905 148.905 285.09 < 2.2e-16 * Output:Residuals 149 77.824 0.522 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.511528 Output:[1] 2.073898 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0038220218 0.0007806982 Output:regressor 0.0007806982 0.0016789998 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.16120 0.71896 -0.2242 0.8229 Output:regressor 0.69186 0.52423 1.3198 0.1889 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	CH	0.3624	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-2.25858 -0.72062 0.03467 0.87730 2.08792 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.84949 0.08911 -9.533 <2e-16 * Output:regressor -0.74250 0.07995 -9.287 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.9817 on 149 degrees of freedom Output:Multiple R-squared: 0.3666, Adjusted R-squared: 0.3624 Output:F-statistic: 86.25 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 83.127 83.127 86.251 < 2.2e-16 Output:Residuals 149 143.602 0.964 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.511528 Output:[1] 1.0052 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.007940754 0.003155876 Output:regressor 0.003155876 0.006391924 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.84949 0.64027 -1.3268 0.1866 Output:regressor -0.74250 0.75622 -0.9819 0.3278 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	FR	0.2601	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.88721 -0.87592 0.07243 0.73464 2.02530 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.4953 0.1588 3.119 0.00218 Output:regressor 0.1767 0.0241 7.331 1.35e-11 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.058 on 149 degrees of freedom Output:Multiple R-squared: 0.2651, Adjusted R-squared: 0.2601 Output:F-statistic: 53.74 on 1 and 149 DF, p-value: 1.351e-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 60.099 60.099 53.74 1.351e-11 Output:Residuals 149 166.631 1.118 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.511528 Output:[1] 12.83505 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.025212721 0.0032161041 Output:regressor 0.003216104 0.0005808707 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.49533 1.97232 0.2511 0.8021 Output:regressor 0.17668 0.18499 0.9551 0.3411 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	GB	0.1550	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.73718 -1.06975 0.03799 0.85839 2.45485 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -1.1126 0.1495 -7.44 7.41e-12 * Output:regressor -1.1779 0.2206 -5.34 3.40e-07 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.13 on 149 degrees of freedom Output:Multiple R-squared: 0.1606, Adjusted R-squared: 0.155 Output:F-statistic: 28.52 on 1 and 149 DF, p-value: 3.403e-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 36.422 36.422 28.517 3.403e-07 Output:Residuals 149 190.307 1.277 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.511528 Output:[1] 0.1750159 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.02236369 0.02600992 Output:regressor 0.02600992 0.04865193 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -1.1126 1.4390 -0.7732 0.4406 Output:regressor -1.1779 2.4505 -0.4807 0.6315 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	ES	-0.0033	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-2.2790 -0.6572 -0.2649 0.7636 2.4506 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.37351 0.18435 -2.026 0.0445 * Output:regressor 0.02729 0.03860 0.707 0.4807 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.231 on 149 degrees of freedom Output:Multiple R-squared: 0.003343, Adjusted R-squared: -0.003346 Output:F-statistic: 0.4998 on 1 and 149 DF, p-value: 0.4807 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.758 0.75793 0.4998 0.4807 Output:Residuals 149 225.971 1.51659 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.511528 Output:[1] 6.785171 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.033983975 0.005972729 Output:regressor 0.005972729 0.001490098 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.373515 2.008616 -0.1860 0.8527 Output:regressor 0.027289 0.187349 0.1457 0.8844 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	DE	-0.0045	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-2.2758 -0.6963 -0.1922 0.8953 2.4161 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.63189 0.27975 -2.259 0.0254 * Output:regressor 0.03658 0.06412 0.571 0.5692 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.232 on 149 degrees of freedom Output:Multiple R-squared: 0.00218, Adjusted R-squared: -0.004517 Output:F-statistic: 0.3255 on 1 and 149 DF, p-value: 0.5692 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.494 0.49419 0.3255 0.5692 Output:Residuals 149 226.235 1.51836 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 1.511528 Output:[1] 2.461678 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.07826110 -0.016746965 Output:regressor -0.01674696 0.004111982 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.631891 0.910323 -0.6941 0.4887 Output:regressor 0.036583 0.527325 0.0694 0.9448 Output: Output:[1] "-------------------------------------------------------------------------------------------"

Index (in comparison 12 month moving average)

Column=Regressor Row=Regressand		CH		DE		ES		FR		GB		IT		RO
CH		1.0000		-0.0022		0.0023		0.0022		0.1900		0.1420		-0.0030
DE		-0.0022		1.0000		-0.0059		-0.0053		-0.0053		0.0884		0.1100
ES		0.0023		-0.0059		1.0000		0.2874		0.4442		0.5187		0.0982
FR		0.0022		-0.0053		0.2874		1.0000		0.0545		0.0336		0.3502
GB		0.1900		-0.0053		0.4442		0.0545		1.0000		0.4654		0.0089
IT		0.1420		0.0884		0.5187		0.0336		0.4654		1.0000		-0.0062
RO		-0.0030		0.1100		0.0982		0.3502		0.0089		-0.0062		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:-1.672e-15 -2.570e-18 1.011e-17 2.057e-17 1.461e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -2.891e-16 2.239e-17 -1.291e+01 <2e-16 * Output:regressor 1.000e+00 2.823e-17 3.543e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.42e-16 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 1.255e+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 25.294 25.294 1.2549e+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] 0.1686273 Output:[1] 0.1686273 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 5.014325e-34 -5.414811e-34 Output:regressor -5.414811e-34 7.968479e-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 3.2577e-17 -8.8748e+00 2.041e-15 * Output:regressor 1.0000e+00 3.2763e-17 3.0522e+16 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Error:Warning message: Error:In summary.lm(x) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------"
CH	GB	0.1900	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.03111 -0.24655 0.01981 0.28403 0.95349 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.51263 0.04092 12.527 < 2e-16 * Output:regressor 1.55545 0.25859 6.015 1.33e-08 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3696 on 149 degrees of freedom Output:Multiple R-squared: 0.1954, Adjusted R-squared: 0.19 Output:F-statistic: 36.18 on 1 and 149 DF, p-value: 1.331e-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 4.9421 4.9421 36.182 1.331e-08 Output:Residuals 149 20.3520 0.1366 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1686273 Output:[1] 0.01361794 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001674474 -0.007175076 Output:regressor -0.007175076 0.066867863 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.51263 0.16184 3.1676 0.001865 ** Output:regressor 1.55545 0.68171 2.2817 0.023924 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	IT	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:-1.0541 -0.2283 0.0346 0.2510 0.9990 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.73049 0.03254 22.451 < 2e-16 * Output:regressor 0.10960 0.02157 5.082 1.1e-06 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3804 on 149 degrees of freedom Output:Multiple R-squared: 0.1477, Adjusted R-squared: 0.142 Output:F-statistic: 25.83 on 1 and 149 DF, p-value: 1.103e-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 3.7367 3.7367 25.828 1.103e-06 Output:Residuals 149 21.5573 0.1447 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1686273 Output:[1] 2.073898 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0010586999 0.0002162534 Output:regressor 0.0002162534 0.0004650829 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.730490 0.098067 7.4489 7.053e-12 * Output:regressor 0.109599 0.064971 1.6869 0.09371 . Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	ES	0.0023	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.18519 -0.18571 0.04306 0.26810 0.98820 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.67015 0.03434 19.514 <2e-16 * Output:regressor 0.06277 0.05407 1.161 0.247 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4102 on 149 degrees of freedom Output:Multiple R-squared: 0.008966, Adjusted R-squared: 0.002314 Output:F-statistic: 1.348 on 1 and 149 DF, p-value: 0.2475 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.2268 0.22678 1.348 0.2475 Output:Residuals 149 25.0673 0.16824 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1686273 Output:[1] 0.3836697 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001179379 -0.000436667 Output:regressor -0.000436667 0.002923296 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.670152 0.134452 4.9843 1.706e-06 * Output:regressor 0.062773 0.157228 0.3993 0.6903 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	FR	0.0022	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.17993 -0.20801 0.05796 0.25904 1.01674 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.62376 0.05866 10.633 <2e-16 * Output:regressor 0.05244 0.04536 1.156 0.25 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4102 on 149 degrees of freedom Output:Multiple R-squared: 0.00889, Adjusted R-squared: 0.002238 Output:F-statistic: 1.336 on 1 and 149 DF, p-value: 0.2495 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.2249 0.22487 1.3365 0.2495 Output:Residuals 149 25.0692 0.16825 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1686273 Output:[1] 0.5452107 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.003441253 -0.002188009 Output:regressor -0.002188009 0.002057306 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.623761 0.170376 3.6611 0.0003481 * Output:regressor 0.052436 0.094740 0.5535 0.5807679 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	DE	-0.0022	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.17202 -0.18125 0.04871 0.25026 0.94234 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.67488 0.03394 19.887 <2e-16 * Output:regressor -0.03829 0.04686 -0.817 0.415 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4111 on 149 degrees of freedom Output:Multiple R-squared: 0.004461, Adjusted R-squared: -0.002221 Output:F-statistic: 0.6676 on 1 and 149 DF, p-value: 0.4152 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.1128 0.11283 0.6676 0.4152 Output:Residuals 149 25.1813 0.16900 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1686273 Output:[1] 0.5131343 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0011515942 0.0002666276 Output:regressor 0.0002666276 0.0021956791 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.674880 0.129961 5.1929 6.685e-07 * Output:regressor -0.038287 0.160740 -0.2382 0.8121 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
CH	RO	-0.0030	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.16224 -0.20359 0.04433 0.25811 0.95169 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.71012 0.05326 13.333 <2e-16 * Output:regressor -0.05414 0.07333 -0.738 0.462 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4113 on 149 degrees of freedom Output:Multiple R-squared: 0.003645, Adjusted R-squared: -0.003042 Output:F-statistic: 0.5451 on 1 and 149 DF, p-value: 0.4615 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0922 0.092192 0.5451 0.4615 Output:Residuals 149 25.2019 0.169140 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.1686273 Output:[1] 0.2096978 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.002836485 -0.003037973 Output:regressor -0.003037973 0.005377269 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.710115 0.181087 3.9214 0.0001339 * Output:regressor -0.054138 0.153055 -0.3537 0.7240512 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"

Correlations for DE

Regressand	Regressor	R	R-Analysis Output
DE	DE	1.0000	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Error:Warning message: Error:In summary.lm(ols) : essentially perfect fit: summary may be unreliable Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.946e-16 -6.060e-18 4.379e-18 1.192e-17 1.931e-16 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.807e-17 2.994e-18 6.036e+00 1.2e-08 * Output:regressor 1.000e+00 4.134e-18 2.419e+17 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 3.627e-17 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 5.852e+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 76.97 76.97 5.8523e+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 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] 0.5131343 Output:[1] 0.5131343 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 8.961972e-36 2.074957e-36 Output:regressor 2.074957e-36 1.708728e-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 2.6135e-18 6.9139e+00 1.29e-10 * Output:regressor 1.0000e+00 6.1974e-18 1.6136e+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] "-------------------------------------------------------------------------------------------"
DE	RO	0.1100	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.1782 -0.4987 -0.1122 0.3844 1.8826 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.42230 0.08752 -4.825 3.42e-06 * Output:regressor 0.53255 0.12050 4.420 1.89e-05 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.6758 on 149 degrees of freedom Output:Multiple R-squared: 0.1159, Adjusted R-squared: 0.11 Output:F-statistic: 19.53 on 1 and 149 DF, p-value: 1.894e-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 8.921 8.9207 19.533 1.894e-05 Output:Residuals 149 68.049 0.4567 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.5131343 Output:[1] 0.2096978 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.007658996 -0.008203049 Output:regressor -0.008203049 0.014519551 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.42230 1.42617 -0.2961 0.7676 Output:regressor 0.53255 0.95816 0.5558 0.5792 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	IT	0.0884	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.13593 -0.46376 -0.09266 0.38359 1.89363 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.19253 0.05851 -3.291 0.001247 Output:regressor -0.15290 0.03878 -3.943 0.000123 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.6839 on 149 degrees of freedom Output:Multiple R-squared: 0.09448, Adjusted R-squared: 0.08841 Output:F-statistic: 15.55 on 1 and 149 DF, p-value: 0.0001234 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 7.272 7.2725 15.547 0.0001234 Output:Residuals 149 69.698 0.4678 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.5131343 Output:[1] 2.073898 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0034229126 0.0006991749 Output:regressor 0.0006991749 0.0015036726 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.19253 0.79161 -0.2432 0.8082 Output:regressor -0.15290 0.27907 -0.5479 0.5846 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	CH	-0.0022	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.42719 -0.52394 -0.00009 0.41737 1.92864 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.04226 0.11311 -0.374 0.709 Output:regressor -0.11651 0.14259 -0.817 0.415 Output: Output:Residual standard error: 0.7171 on 149 degrees of freedom Output:Multiple R-squared: 0.004461, Adjusted R-squared: -0.002221 Output:F-statistic: 0.6676 on 1 and 149 DF, p-value: 0.4152 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.343 0.34335 0.6676 0.4152 Output:Residuals 149 76.627 0.51427 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.5131343 Output:[1] 0.1686273 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.01279418 -0.01381603 Output:regressor -0.01381603 0.02033178 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.042262 0.875874 -0.0483 0.9616 Output:regressor -0.116508 0.675888 -0.1724 0.8634 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	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:-1.44031 -0.42081 -0.00131 0.41483 1.86488 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.08224 0.10272 -0.801 0.425 Output:regressor -0.03685 0.07942 -0.464 0.643 Output: Output:Residual standard error: 0.7182 on 149 degrees of freedom Output:Multiple R-squared: 0.001443, Adjusted R-squared: -0.005259 Output:F-statistic: 0.2153 on 1 and 149 DF, p-value: 0.6433 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.111 0.11106 0.2153 0.6433 Output:Residuals 149 76.859 0.51583 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.5131343 Output:[1] 0.5452107 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.010550449 -0.006708161 Output:regressor -0.006708161 0.006307442 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.082240 2.393421 -0.0344 0.9726 Output:regressor -0.036851 0.994857 -0.0370 0.9705 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	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:-1.42643 -0.44785 -0.03213 0.39947 1.89580 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.09649 0.07952 -1.213 0.227 Output:regressor -0.23246 0.50252 -0.463 0.644 Output: Output:Residual standard error: 0.7182 on 149 degrees of freedom Output:Multiple R-squared: 0.001434, Adjusted R-squared: -0.005268 Output:F-statistic: 0.214 on 1 and 149 DF, p-value: 0.6443 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.11 0.11038 0.214 0.6443 Output:Residuals 149 76.86 0.51584 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.5131343 Output:[1] 0.01361794 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.006323699 -0.02709688 Output:regressor -0.027096883 0.25252841 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.096489 0.452346 -0.2133 0.8314 Output:regressor -0.232459 10.331298 -0.0225 0.9821 Output: Output:[1] "-------------------------------------------------------------------------------------------"
DE	ES	-0.0059	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.42210 -0.43078 -0.04023 0.41584 1.89726 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.11658 0.06015 -1.938 0.0545 . Output:regressor -0.03248 0.09470 -0.343 0.7321 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.7185 on 149 degrees of freedom Output:Multiple R-squared: 0.0007889, Adjusted R-squared: -0.005917 Output:F-statistic: 0.1176 on 1 and 149 DF, p-value: 0.7321 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.061 0.06072 0.1176 0.7321 Output:Residuals 149 76.909 0.51617 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.5131343 Output:[1] 0.3836697 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.003618473 -0.001339745 Output:regressor -0.001339745 0.008969011 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.116581 0.987807 -0.1180 0.9062 Output:regressor -0.032483 0.387053 -0.0839 0.9332 Output: Output:[1] "-------------------------------------------------------------------------------------------"

Correlations for ES

Regressand	Regressor	R	R-Analysis Output
ES	ES	1.0000	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Error:Warning message: Error:In summary.lm(ols) : essentially perfect fit: summary may be unreliable Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-3.972e-16 -4.960e-17 -2.960e-17 -5.800e-18 4.284e-15 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 7.228e-17 2.984e-17 2.422e+00 0.0166 * Output:regressor 1.000e+00 4.699e-17 2.128e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 3.564e-16 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 4.53e+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 57.55 57.55 4.5298e+32 < 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] 0.3836697 Output:[1] 0.3836697 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 8.906343e-34 -3.297587e-34 Output:regressor -3.297587e-34 2.207591e-33 Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 7.2279e-17 3.0343e-17 2.3820e+00 0.01848 * Output:regressor 1.0000e+00 3.0372e-17 3.2925e+16 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Error:Output:[1] "-------------------------------------------------------------------------------------------" Warning message: Error:In summary.lm(x) : essentially perfect fit: summary may be unreliable
ES	IT	0.5187	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.8950 -0.3303 0.0151 0.3083 1.0887 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.29385 0.03676 7.994 3.34e-13 * Output:regressor 0.31072 0.02437 12.752 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4297 on 149 degrees of freedom Output:Multiple R-squared: 0.5219, Adjusted R-squared: 0.5187 Output:F-statistic: 162.6 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 30.033 30.0334 162.63 < 2.2e-16 Output:Residuals 149 27.517 0.1847 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.3836697 Output:[1] 2.073898 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0013513858 0.0002760383 Output:regressor 0.0002760383 0.0005936587 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.293851 0.165517 1.7754 0.077881 . Output:regressor 0.310716 0.097217 3.1961 0.001701 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	GB	0.4442	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.22415 -0.27891 0.07557 0.34085 0.80812 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.23180 0.05113 -4.534 1.18e-05 * Output:regressor 3.55237 0.32310 10.995 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4618 on 149 degrees of freedom Output:Multiple R-squared: 0.4479, Adjusted R-squared: 0.4442 Output:F-statistic: 120.9 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 25.777 25.7774 120.88 < 2.2e-16 Output:Residuals 149 31.773 0.2132 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.3836697 Output:[1] 0.01361794 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.002614156 -0.01120159 Output:regressor -0.011201589 0.10439280 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.23180 0.21978 -1.0547 0.29328 Output:regressor 3.55237 1.99932 1.7768 0.07764 . Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	FR	0.2874	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.82018 -0.44546 0.02314 0.37083 1.27039 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.33283 0.07478 -4.451 1.67e-05 * Output:regressor 0.45340 0.05782 7.841 7.89e-13 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.5229 on 149 degrees of freedom Output:Multiple R-squared: 0.2921, Adjusted R-squared: 0.2874 Output:F-statistic: 61.49 on 1 and 149 DF, p-value: 7.888e-13 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 16.812 16.8118 61.489 7.888e-13 Output:Residuals 149 40.739 0.2734 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.3836697 Output:[1] 0.5452107 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.005592196 -0.003555617 Output:regressor -0.003555617 0.003343218 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.33283 0.36053 -0.9232 0.35741 Output:regressor 0.45340 0.20900 2.1694 0.03164 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	RO	0.0982	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.15176 -0.44227 0.07604 0.43793 1.11690 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.09731 0.07617 -1.278 0.203 Output:regressor 0.43664 0.10488 4.163 5.29e-05 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.5882 on 149 degrees of freedom Output:Multiple R-squared: 0.1042, Adjusted R-squared: 0.09819 Output:F-statistic: 17.33 on 1 and 149 DF, p-value: 5.288e-05 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 5.997 5.997 17.333 5.288e-05 * Output:Residuals 149 51.553 0.346 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.3836697 Output:[1] 0.2096978 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.005802360 -0.006214527 Output:regressor -0.006214527 0.010999830 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.097313 0.299139 -0.3253 0.7454 Output:regressor 0.436642 0.422373 1.0338 0.3029 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	CH	0.0023	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.15214 -0.38669 0.03122 0.44606 1.30206 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.05232 0.09759 0.536 0.593 Output:regressor 0.14283 0.12302 1.161 0.247 Output: Output:Residual standard error: 0.6187 on 149 degrees of freedom Output:Multiple R-squared: 0.008966, Adjusted R-squared: 0.002314 Output:F-statistic: 1.348 on 1 and 149 DF, p-value: 0.2475 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.516 0.51597 1.348 0.2475 Output:Residuals 149 57.034 0.38278 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.3836697 Output:[1] 0.1686273 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.009522899 -0.01028348 Output:regressor -0.010283478 0.01513325 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.052321 0.376107 0.1391 0.8895 Output:regressor 0.142825 0.368964 0.3871 0.6992 Output: Output:[1] "-------------------------------------------------------------------------------------------"
ES	DE	-0.0059	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.17285 -0.41624 0.02862 0.45314 1.28782 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.14643 0.05128 2.855 0.00491 Output:regressor -0.02429 0.07081 -0.343 0.73209 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.6212 on 149 degrees of freedom Output:Multiple R-squared: 0.0007889, Adjusted R-squared: -0.005917 Output:F-statistic: 0.1176 on 1 and 149 DF, p-value: 0.7321 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.045 0.04540 0.1176 0.7321 Output:Residuals 149 57.505 0.38594 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.3836697 Output:[1] 0.5131343 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0026298318 0.0006088826 Output:regressor 0.0006088826 0.0050141506 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.146426 0.291688 0.5020 0.6164 Output:regressor -0.024287 0.185498 -0.1309 0.8960 Output: Output:[1] "-------------------------------------------------------------------------------------------"

Correlations for FR

Regressand	Regressor	R	R-Analysis Output
FR	FR	1.0000	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Error:Warning message: Error:In summary.lm(ols) : essentially perfect fit: summary may be unreliable Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-5.459e-16 -9.070e-17 -4.280e-17 -1.140e-17 6.335e-15 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 8.673e-16 7.563e-17 1.147e+01 <2e-16 * Output:regressor 1.000e+00 5.848e-17 1.710e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 5.288e-16 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 2.924e+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 81.782 81.782 2.9245e+32 < 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] 0.5452107 Output:[1] 0.5452107 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 5.719659e-33 -3.63666e-33 Output:regressor -3.636660e-33 3.41942e-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) 8.6735e-16 1.2602e-16 6.8826e+00 1.524e-10 * Output:regressor 1.0000e+00 8.1168e-17 1.2320e+16 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Error:Warning message: Error:In summary.lm(x) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------"
FR	RO	0.3502	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.8963 -0.4289 -0.1418 0.3081 1.5874 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.52109 0.07708 6.761 2.91e-10 * Output:regressor 0.96014 0.10613 9.047 7.39e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.5952 on 149 degrees of freedom Output:Multiple R-squared: 0.3546, Adjusted R-squared: 0.3502 Output:F-statistic: 81.85 on 1 and 149 DF, p-value: 7.39e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 28.997 28.9970 81.853 7.39e-16 Output:Residuals 149 52.785 0.3543 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.5452107 Output:[1] 0.2096978 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.005940931 -0.006362942 Output:regressor -0.006362942 0.011262526 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.52109 0.22997 2.2659 0.0248999 * Output:regressor 0.96014 0.24753 3.8788 0.0001571 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	ES	0.2874	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.14993 -0.46959 0.02299 0.41587 1.48778 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.96729 0.05219 18.534 < 2e-16 * Output:regressor 0.64430 0.08217 7.841 7.89e-13 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.6233 on 149 degrees of freedom Output:Multiple R-squared: 0.2921, Adjusted R-squared: 0.2874 Output:F-statistic: 61.49 on 1 and 149 DF, p-value: 7.888e-13 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 23.890 23.8903 61.489 7.888e-13 Output:Residuals 149 57.891 0.3885 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.5452107 Output:[1] 0.3836697 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.002723701 -0.001008454 Output:regressor -0.001008454 0.006751163 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.96729 0.24792 3.9016 0.0001442 *** Output:regressor 0.64430 0.24843 2.5935 0.0104481 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	GB	0.0545	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.0388 -0.5879 -0.1240 0.5957 1.6940 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.8962 0.0795 11.273 < 2e-16 * Output:regressor 1.5599 0.5024 3.105 0.00228 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.718 on 149 degrees of freedom Output:Multiple R-squared: 0.06077, Adjusted R-squared: 0.05447 Output:F-statistic: 9.641 on 1 and 149 DF, p-value: 0.002278 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 4.970 4.9702 9.6413 0.002278 * Output:Residuals 149 76.811 0.5155 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.5452107 Output:[1] 0.01361794 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.006319721 -0.02707983 Output:regressor -0.027079834 0.25236953 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.89615 0.46150 1.9418 0.05404 . Output:regressor 1.55986 2.09239 0.7455 0.45715 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	IT	0.0336	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.1384 -0.5593 -0.1164 0.5961 1.6321 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.11124 0.06209 17.896 <2e-16 *** Output:regressor 0.10260 0.04115 2.493 0.0138 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.7259 on 149 degrees of freedom Output:Multiple R-squared: 0.04005, Adjusted R-squared: 0.0336 Output:F-statistic: 6.216 on 1 and 149 DF, p-value: 0.01376 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 3.275 3.2750 6.2157 0.01376 Output:Residuals 149 78.507 0.5269 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.5452107 Output:[1] 2.073898 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0038555291 0.0007875425 Output:regressor 0.0007875425 0.0016937194 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.11124 0.46309 2.3996 0.01765 Output:regressor 0.10260 0.29003 0.3538 0.72402 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	CH	0.0022	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.0088 -0.6251 -0.1271 0.6270 1.6007 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.9483 0.1163 8.152 1.35e-13 * Output:regressor 0.1695 0.1467 1.156 0.25 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.7376 on 149 degrees of freedom Output:Multiple R-squared: 0.00889, Adjusted R-squared: 0.002238 Output:F-statistic: 1.336 on 1 and 149 DF, p-value: 0.2495 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.727 0.72704 1.3365 0.2495 Output:Residuals 149 81.055 0.54399 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.5452107 Output:[1] 0.1686273 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.01353347 -0.01461437 Output:regressor -0.01461437 0.02150662 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.94832 0.26118 3.6310 0.0003876 * Output:regressor 0.16954 0.41466 0.4089 0.6832301 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
FR	DE	-0.0053	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.0842 -0.5862 -0.1216 0.5491 1.6844 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.05878 0.06111 17.325 <2e-16 * Output:regressor -0.03915 0.08438 -0.464 0.643 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.7403 on 149 degrees of freedom Output:Multiple R-squared: 0.001443, Adjusted R-squared: -0.005259 Output:F-statistic: 0.2153 on 1 and 149 DF, p-value: 0.6433 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.118 0.11800 0.2153 0.6433 Output:Residuals 149 81.664 0.54808 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.5452107 Output:[1] 0.5131343 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0037346556 0.0008646815 Output:regressor 0.0008646815 0.0071206554 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 1.058776 0.430228 2.4610 0.0150 * Output:regressor -0.039155 0.368805 -0.1062 0.9156 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"

Correlations for GB

Regressand	Regressor	R	R-Analysis Output
GB	GB	1.0000	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Error:Warning message: Error:In summary.lm(ols) : essentially perfect fit: summary may be unreliable Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-8.952e-16 9.300e-19 6.170e-18 9.420e-18 8.172e-17 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -7.228e-17 8.226e-18 -8.786e+00 3.44e-15 * Output:regressor 1.000e+00 5.199e-17 1.924e+16 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 7.43e-17 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 3.7e+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 2.0427 2.0427 3.7003e+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] 0.01361794 Output:[1] 0.01361794 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 6.767521e-35 -2.899865e-34 Output:regressor -2.899865e-34 2.702518e-33 Error:Warning message: Error:In summary.lm(object) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -7.2279e-17 1.0637e-17 -6.7953e+00 2.423e-10 * Output:regressor 1.0000e+00 4.5994e-17 2.1742e+16 < 2.2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Error:Warning message: Error:In summary.lm(x) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------"
GB	IT	0.4654	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.15056 -0.05937 -0.01391 0.06012 0.28871 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.133106 0.007299 18.24 <2e-16 * Output:regressor 0.055494 0.004837 11.47 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.08532 on 149 degrees of freedom Output:Multiple R-squared: 0.469, Adjusted R-squared: 0.4654 Output:F-statistic: 131.6 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 0.9580 0.95800 131.6 < 2.2e-16 Output:Residuals 149 1.0847 0.00728 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01361794 Output:[1] 2.073898 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 5.327021e-05 1.088114e-05 Output:regressor 1.088114e-05 2.340140e-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) 0.133106 0.048482 2.7454 0.006787 ** Output:regressor 0.055494 0.023292 2.3825 0.018455 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	ES	0.4442	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.16863 -0.06244 -0.00379 0.05301 0.32441 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.088468 0.007284 12.14 <2e-16 * Output:regressor 0.126087 0.011468 10.99 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.087 on 149 degrees of freedom Output:Multiple R-squared: 0.4479, Adjusted R-squared: 0.4442 Output:F-statistic: 120.9 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 0.91494 0.91494 120.88 < 2.2e-16 Output:Residuals 149 1.12775 0.00757 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01361794 Output:[1] 0.3836697 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 5.305898e-05 -1.964517e-05 Output:regressor -1.964517e-05 1.315159e-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) 0.088468 0.048740 1.8151 0.0715198 . Output:regressor 0.126087 0.037518 3.3607 0.0009877 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	CH	0.1900	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.19354 -0.08341 -0.02649 0.07747 0.30425 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.02194 0.01657 1.325 0.187 Output:regressor 0.12561 0.02088 6.015 1.33e-08 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.105 on 149 degrees of freedom Output:Multiple R-squared: 0.1954, Adjusted R-squared: 0.19 Output:F-statistic: 36.18 on 1 and 149 DF, p-value: 1.331e-08 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.39911 0.39911 36.182 1.331e-08 * Output:Residuals 149 1.64358 0.01103 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01361794 Output:[1] 0.1686273 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0002744236 -0.0002963414 Output:regressor -0.0002963414 0.0004360983 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.021944 0.051685 0.4246 0.6717638 Output:regressor 0.125614 0.036656 3.4268 0.0007896 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	FR	0.0545	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.19461 -0.09293 -0.01105 0.10710 0.33613 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.06587 0.01623 4.059 7.94e-05 * Output:regressor 0.03896 0.01255 3.105 0.00228 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1135 on 149 degrees of freedom Output:Multiple R-squared: 0.06077, Adjusted R-squared: 0.05447 Output:F-statistic: 9.641 on 1 and 149 DF, p-value: 0.002278 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.12414 0.124143 9.6413 0.002278 * Output:Residuals 149 1.91855 0.012876 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01361794 Output:[1] 0.5452107 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0002633591 -0.0001674483 Output:regressor -0.0001674483 0.0001574457 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.065866 0.077512 0.8497 0.3968 Output:regressor 0.038961 0.071461 0.5452 0.5864 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	RO	0.0089	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.20509 -0.08775 -0.01474 0.11373 0.33931 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.08939 0.01504 5.942 1.91e-08 * Output:regressor 0.03170 0.02071 1.530 0.128 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.1162 on 149 degrees of freedom Output:Multiple R-squared: 0.01547, Adjusted R-squared: 0.008864 Output:F-statistic: 2.342 on 1 and 149 DF, p-value: 0.1281 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0316 0.031604 2.3415 0.1281 Output:Residuals 149 2.0111 0.013497 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01361794 Output:[1] 0.2096978 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0002263487 -0.0002424272 Output:regressor -0.0002424272 0.0004291008 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.089394 0.095331 0.9377 0.3499 Output:regressor 0.031698 0.105073 0.3017 0.7633 Output: Output:[1] "-------------------------------------------------------------------------------------------"
GB	DE	-0.0053	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.18594 -0.09913 -0.02270 0.10852 0.32720 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.106553 0.009658 11.032 <2e-16 * Output:regressor -0.006169 0.013336 -0.463 0.644 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.117 on 149 degrees of freedom Output:Multiple R-squared: 0.001434, Adjusted R-squared: -0.005268 Output:F-statistic: 0.214 on 1 and 149 DF, p-value: 0.6443 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.00293 0.0029294 0.214 0.6443 Output:Residuals 149 2.03976 0.0136897 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.01361794 Output:[1] 0.5131343 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 9.328274e-05 2.159767e-05 Output:regressor 2.159767e-05 1.778569e-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) 0.1065532 0.1001824 1.0636 0.2892 Output:regressor -0.0061692 0.2836488 -0.0217 0.9827 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:-5.292e-16 -7.320e-17 -4.460e-17 2.100e-18 6.744e-15 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 2.891e-16 4.814e-17 6.006e+00 1.39e-08 * Output:regressor 1.000e+00 3.191e-17 3.134e+16 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 5.627e-16 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 9.823e+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 1 311.08 311.08 9.8232e+32 < 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] 2.073898 Output:[1] 2.073898 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 2.317348e-33 4.733488e-34 Output:regressor 4.733488e-34 1.018002e-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 4.9316e-17 5.8625e+00 2.825e-08 * Output:regressor 1.0000e+00 1.2555e-17 7.9651e+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	0.5187	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.7277 -0.7149 -0.2777 0.6037 2.6207 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.71586 0.08365 -8.557 1.31e-14 * Output:regressor 1.67955 0.13170 12.752 < 2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.9991 on 149 degrees of freedom Output:Multiple R-squared: 0.5219, Adjusted R-squared: 0.5187 Output:F-statistic: 162.6 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 1 162.34 162.343 162.63 < 2.2e-16 Output:Residuals 149 148.74 0.998 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.073898 Output:[1] 0.3836697 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.006998056 -0.002591041 Output:regressor -0.002591041 0.017345895 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.71586 0.37024 -1.9335 0.05507 . Output:regressor 1.67955 0.33604 4.9980 1.605e-06 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	GB	0.4654	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-2.8093 -0.6010 -0.1214 0.5071 2.5172 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -1.3718 0.1166 -11.77 <2e-16 * Output:regressor 8.4512 0.7367 11.47 <2e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.053 on 149 degrees of freedom Output:Multiple R-squared: 0.469, Adjusted R-squared: 0.4654 Output:F-statistic: 131.6 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 1 145.90 145.895 131.6 < 2.2e-16 Output:Residuals 149 165.19 1.109 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.073898 Output:[1] 0.01361794 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.01359112 -0.05823757 Output:regressor -0.05823757 0.54274290 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -1.37181 0.43167 -3.1780 0.001804 ** Output:regressor 8.45121 3.87220 2.1825 0.030636 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	CH	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:-2.56628 -1.08413 -0.02507 0.97822 2.61647 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -1.3809 0.2104 -6.563 8.18e-10 * Output:regressor 1.3479 0.2652 5.082 1.10e-06 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.334 on 149 degrees of freedom Output:Multiple R-squared: 0.1477, Adjusted R-squared: 0.142 Output:F-statistic: 25.83 on 1 and 149 DF, p-value: 1.103e-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 45.957 45.957 25.828 1.103e-06 Output:Residuals 149 265.128 1.779 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.073898 Output:[1] 0.1686273 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.04426766 -0.04780326 Output:regressor -0.04780326 0.07034764 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -1.38093 0.44508 -3.1026 0.002295 Output:regressor 1.34793 1.07437 1.2546 0.211579 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	DE	0.0884	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-2.3699 -1.0821 -0.1881 1.1299 2.8289 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.5400 0.1135 -4.758 4.58e-06 * Output:regressor -0.6180 0.1567 -3.943 0.000123 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.375 on 149 degrees of freedom Output:Multiple R-squared: 0.09448, Adjusted R-squared: 0.08841 Output:F-statistic: 15.55 on 1 and 149 DF, p-value: 0.0001234 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 29.393 29.3927 15.547 0.0001234 Output:Residuals 149 281.692 1.8906 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.073898 Output:[1] 0.5131343 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.012882394 0.002982649 Output:regressor 0.002982649 0.024562128 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.54002 1.68143 -0.3212 0.7485 Output:regressor -0.61796 1.91754 -0.3223 0.7477 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	FR	0.0336	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-1.8664 -1.1751 -0.5807 0.9299 3.3973 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.8801 0.2025 -4.347 2.55e-05 *** Output:regressor 0.3903 0.1565 2.493 0.0138 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.416 on 149 degrees of freedom Output:Multiple R-squared: 0.04005, Adjusted R-squared: 0.0336 Output:F-statistic: 6.216 on 1 and 149 DF, p-value: 0.01376 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 12.457 12.4575 6.2157 0.01376 Output:Residuals 149 298.627 2.0042 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.073898 Output:[1] 0.5452107 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.04099257 -0.02606380 Output:regressor -0.02606380 0.02450685 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.88006 2.57144 -0.3422 0.7326 Output:regressor 0.39029 1.02047 0.3825 0.7027 Output: Output:[1] "-------------------------------------------------------------------------------------------"
IT	RO	-0.0062	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-2.2213 -1.1361 -0.3987 1.1479 3.2397 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.42601 0.18707 -2.277 0.0242 * Output:regressor -0.06897 0.25757 -0.268 0.7892 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 1.445 on 149 degrees of freedom Output:Multiple R-squared: 0.000481, Adjusted R-squared: -0.006227 Output:F-statistic: 0.07171 on 1 and 149 DF, p-value: 0.7892 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.15 0.14964 0.0717 0.7892 Output:Residuals 149 310.94 2.08681 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 2.073898 Output:[1] 0.2096978 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.03499588 -0.03748180 Output:regressor -0.03748180 0.06634348 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) -0.426011 2.839056 -0.1501 0.8809 Output:regressor -0.068973 1.880234 -0.0367 0.9708 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:-4.694e-16 -2.112e-17 5.000e-19 3.010e-17 7.822e-17 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.000e+00 6.704e-18 0.000e+00 1 Output:regressor 1.000e+00 9.230e-18 1.083e+17 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 5.177e-17 on 149 degrees of freedom Output:Multiple R-squared: 1, Adjusted R-squared: 1 Output:F-statistic: 1.174e+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 31.455 31.455 1.1737e+34 < 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] 0.2096978 Output:[1] 0.2096978 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 4.494271e-35 -4.813519e-35 Output:regressor -4.813519e-35 8.520019e-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 9.6944e-18 0.0000e+00 1 Output:regressor 1.0000e+00 1.1812e-17 8.4661e+16 <2e-16 * Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Error:Warning message: Error:In summary.lm(x) : essentially perfect fit: summary may be unreliable Output:[1] "-------------------------------------------------------------------------------------------"
RO	FR	0.3502	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.64137 -0.28167 -0.06344 0.26051 0.91496 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.17222 0.05279 3.262 0.00137 Output:regressor 0.36929 0.04082 9.047 7.39e-16 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.3691 on 149 degrees of freedom Output:Multiple R-squared: 0.3546, Adjusted R-squared: 0.3502 Output:F-statistic: 81.85 on 1 and 149 DF, p-value: 7.39e-16 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 11.153 11.1528 81.853 7.39e-16 Output:Residuals 149 20.302 0.1363 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.2096978 Output:[1] 0.5452107 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.002786843 -0.001771924 Output:regressor -0.001771924 0.001666076 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.17222 0.17002 1.0129 0.31274 Output:regressor 0.36929 0.15541 2.3761 0.01877 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	DE	0.1100	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.97333 -0.29884 0.04845 0.29876 0.86054 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.59139 0.03566 16.58 < 2e-16 * Output:regressor 0.21763 0.04924 4.42 1.89e-05 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.432 on 149 degrees of freedom Output:Multiple R-squared: 0.1159, Adjusted R-squared: 0.11 Output:F-statistic: 19.53 on 1 and 149 DF, p-value: 1.894e-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 3.6455 3.6455 19.533 1.894e-05 Output:Residuals 149 27.8091 0.1866 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.2096978 Output:[1] 0.5131343 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.0012717727 0.0002944524 Output:regressor 0.0002944524 0.0024248167 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.59139 0.22403 2.6398 0.009177 Output:regressor 0.21763 0.28022 0.7767 0.438594 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	ES	0.0982	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.85421 -0.32955 -0.04867 0.30811 1.10196 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.52932 0.03641 14.538 < 2e-16 * Output:regressor 0.23865 0.05732 4.163 5.29e-05 * Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4349 on 149 degrees of freedom Output:Multiple R-squared: 0.1042, Adjusted R-squared: 0.09819 Output:F-statistic: 17.33 on 1 and 149 DF, p-value: 5.288e-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 3.2777 3.2777 17.333 5.288e-05 Output:Residuals 149 28.1769 0.1891 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.2096978 Output:[1] 0.3836697 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001325683 -0.000490836 Output:regressor -0.000490836 0.003285934 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.52932 0.20495 2.5827 0.01077 * Output:regressor 0.23865 0.21598 1.1050 0.27096 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	GB	0.0089	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.87196 -0.35007 -0.03457 0.33055 1.07789 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.51259 0.05048 10.15 <2e-16 * Output:regressor 0.48810 0.31898 1.53 0.128 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4559 on 149 degrees of freedom Output:Multiple R-squared: 0.01547, Adjusted R-squared: 0.008864 Output:F-statistic: 2.342 on 1 and 149 DF, p-value: 0.1281 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.4867 0.48666 2.3415 0.1281 Output:Residuals 149 30.9680 0.20784 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.2096978 Output:[1] 0.01361794 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.002547919 -0.01091776 Output:regressor -0.010917764 0.10174770 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.51259 0.35315 1.4515 0.1487 Output:regressor 0.48810 1.56406 0.3121 0.7554 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	CH	-0.0030	+- Error:Loading required package: zoo Error: Error:Attaching package: ‘zoo’ Error: Error:The following objects are masked from ‘package:base’: Error: Error: as.Date, as.Date.numeric Error: Output:[1] "----------------- LM Summary --------------------------------------------------------------" Output: Output:Call: Output:lm(formula = regressand ~ regressor, na.action = NULL) Output: Output:Residuals: Output: Min 1Q Median 3Q Max Output:-0.96528 -0.32510 -0.04127 0.37265 0.97957 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.61071 0.07234 8.443 2.54e-14 * Output:regressor -0.06732 0.09119 -0.738 0.462 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4586 on 149 degrees of freedom Output:Multiple R-squared: 0.003645, Adjusted R-squared: -0.003042 Output:F-statistic: 0.5451 on 1 and 149 DF, p-value: 0.4615 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.1146 0.11465 0.5451 0.4615 Output:Residuals 149 31.3400 0.21034 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.2096978 Output:[1] 0.1686273 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.005232763 -0.005650696 Output:regressor -0.005650696 0.008315609 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.610714 0.251798 2.4254 0.01649 * Output:regressor -0.067324 0.185343 -0.3632 0.71694 Output:--- Output:Signif. codes: 0 ‘*’ 0.001 ‘’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"
RO	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:-0.92595 -0.32033 -0.03165 0.35436 0.98478 Output: Output:Coefficients: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.561723 0.039294 14.295 <2e-16 * Output:regressor -0.006974 0.026044 -0.268 0.789 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:Residual standard error: 0.4594 on 149 degrees of freedom Output:Multiple R-squared: 0.000481, Adjusted R-squared: -0.006227 Output:F-statistic: 0.07171 on 1 and 149 DF, p-value: 0.7892 Output: Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Anova Output ------------------------------------------------------------" Output:Analysis of Variance Table Output: Output:Response: regressand Output: Df Sum Sq Mean Sq F value Pr(>F) Output:regressor 1 0.0151 0.01513 0.0717 0.7892 Output:Residuals 149 31.4395 0.21100 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variances of Regressand and Regressor -----------------------------------" Output:[1] 0.2096978 Output:[1] 2.073898 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Variance-Covariance Matrix ----------------------------------------------" Output: (Intercept) regressor Output:(Intercept) 0.001544023 0.0003153870 Output:regressor 0.000315387 0.0006782836 Output:[1] "-------------------------------------------------------------------------------------------" Output:[1] "----------------- Newey-West Coeff Test ----------------------------------------------" Output: Output:t test of coefficients: Output: Output: Estimate Std. Error t value Pr(>\|t\|) Output:(Intercept) 0.5617230 0.2147487 2.6157 0.00982 Output:regressor -0.0069741 0.1301529 -0.0536 0.95734 Output:--- Output:Signif. codes: 0 ‘’ 0.001 ‘’ 0.01 ‘’ 0.05 ‘.’ 0.1 ‘ ’ 1 Output: Output:[1] "-------------------------------------------------------------------------------------------"