t-Statistic | 1% Level | 5% Level | 10% Level | |
H1 | −31.8254*** | −3.43569*** | −2.86378*** | −2.56802*** |
H2 | −32.6896*** | −3.43569*** | −2.86378*** | −2.56802*** |
H3 | −32.41*** | −3.43569*** | −2.86378*** | −2.56802*** |
H4 | −30.0728*** | −3.43569*** | −2.86378*** | −2.56802*** |
H5 | −30.2478*** | −3.43569*** | −2.86378*** | −2.56802*** |
H6 | −33.5019*** | −3.43569*** | −2.86378*** | −2.56802*** |
H7 | −30.4708*** | −3.43569*** | −2.86378*** | −2.56802*** |
H8 | −24.9888*** | −3.43569*** | −2.86378*** | −2.56802*** |
H9 | −35.5919*** | −3.43569*** | −2.86378*** | −2.56802*** |
H10 | −29.2415*** | −3.43569*** | −2.86378*** | −2.56802*** |
H11 | −31.9238*** | −3.43569*** | −2.86378*** | −2.56802*** |
A1 | −26.9588*** | −3.43569*** | −2.86378*** | −2.56802*** |
A2 | −25.7854*** | −3.43569*** | −2.86378*** | −2.56802*** |
A3 | −25.4641*** | −3.43569*** | −2.86378*** | −2.56802*** |
A5 | −31.1338*** | −3.43569*** | −2.86378*** | −2.56802*** |
A6 | −32.1567*** | −3.43569*** | −2.86378*** | −2.56802*** |
A7 | −33.6014*** | −3.43569*** | −2.86378*** | −2.56802*** |
A8 | −32.9499*** | −3.43569*** | −2.86378*** | −2.56802*** |
A9 | −33.2263*** | −3.43569*** | −2.86378*** | −2.56802*** |
A10 | −25.8633*** | −3.43569*** | −2.86378*** | −2.56802*** |
A11 | −27.1627*** | −3.43569*** | −2.86378*** | −2.56802*** |