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Table 1 Descriptive statistics

From: Hedge effectiveness of put replication, gold, and oil on ASEAN-5 equities

  Gold Oil Indonesia Malaysia Philippines Thailand Singapore
Mean (%) 0.15 0.03 0.20 0.07 0.15 0.13 0.01
Med. (%) 0.23 0.18 0.36 0.18 0.25 0.35 0.16
Max (%) 16.32 16.80 11.59 6.65 11.02 10.75 15.32
Min (%) −11.43 − 17.07 −23.30 −9.71 −20.15 −26.66 − 16.47
Std. Dev (%) 2.56 4.09 2.97 1.73 2.74 2.65 2.52
Skewness (%) 22.53 −4.16 −129.98 −81.94 −94.90 − 185.11 −38.05
Kurtosis 8.43 4.69 11.97 7.19 9.76 20.19 11.07
JB 774.75*** 75.12*** 2277.89*** 528.06*** 1287.86*** 8074.04*** 1715.04***
Q(19) 28.92* 75.46*** 29.85* 29.32* 29.52* 47.75*** 26.18*
Obs*R-squared 22.64*** 35.31*** 8.49*** 17.41*** 7.03*** 2.82* 29.76***
n 627 627 627 627 627 627 627
  1. Notes: The table shows the descriptive stats for the weekly index returns as well as gold and oil
  2. JB is the value of Jarque Bera for normality testing. Q (19) is the q-stat of the correlogram test for serial correlation at 19 lags. The Obs*R-squared is the ARCH test
  3. *** , *Statistical significance at 1% and 10%