On the volatility of daily stock returns of Total Nigeria Plc: evidence from GARCH models, value-at-risk and backtesting

Financial Innovation

Table 4 Descriptive statistics of the cleansed returns of daily stock price of Total Nigeria Plc

Statistics	Cleansed Returns of Total Nigeria Plc
Min	−0.0778
Max	0.0780
Median	0
Mean	0.0003
Estimated sd	0.0224
Estimated skewness	−0.0023
Estimated kurtosis
Jarque-Bera Normality Test	X-squared: 632.2164 Asymptotic p Value: < 2.2e-16
Number of Observations	4015