Table 9 Variance decomposition result for all companies
From: Brent prices and oil stock behaviors: evidence from Nigerian listed oil stocks
Period | aS.E. | Price return (spr t ) | Oil shock (os t ) |
|---|---|---|---|
1 | 0.264849 | 100.0000 (0.00000) | 0.000000 (0.00000) |
2 | 0.337625 | 99.99766 (0.01158) | 0.002343 (0.01158) |
3 | 0.337654 | 99.98788 (0.02457) | 0.012122 (0.02457) |
4 | 0.338192 | 99.98069 (0.03443) | 0.019309 (0.03443) |
5 | 0.338706 | 99.98059 (0.03660) | 0.019414 (0.03660) |
6 | 0.338941 | 99.98023 (0.03751) | 0.019772 (0.03751) |
7 | 0.339129 | 99.92380 (0.05212) | 0.076199 (0.05212) |
8 | 0.339190 | 99.89543 (0.07036) | 0.104570 (0.07036) |
9 | 0.340374 | 99.89552 (0.07420) | 0.104483 (0.07420) |
10 | 0.340409 | 99.89171 (0.07645) | 0.108286 (0.07645) |
11 | 0.340782 | 99.89186 (0.07647) | 0.108145 (0.07647) |
12 | 0.340811 | 99.89168 (0.07681) | 0.108323 (0.07681) |
13 | 0.340813 | 99.89097 (0.07716) | 0.109027 (0.07716) |
14 | 0.340813 | 99.89096 (0.07726) | 0.109042 (0.07726) |
15 | 0.340815 | 99.88999 (0.07778) | 0.110013 (0.07778) |
16 | 0.340820 | 99.88996 (0.07784) | 0.110039 (0.07784) |
17 | 0.340838 | 99.88989 (0.07785) | 0.110112 (0.07785) |
18 | 0.340841 | 99.88982 (0.07785) | 0.110184 (0.07785) |
19 | 0.340849 | 99.88981 (0.07785) | 0.110185 (0.07785) |
20 | 0.340854 | 99.88982 (0.07785) | 0.110184 (0.07785) |