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Table 2 Unit Root Test (Augmented Dickey-Fuller)

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

Variable t-stat
Gold −25.85a
Oil −20.07a
Indonesia −27.42a
Malaysia −23.84a
Philippines −26.81a
Thailand −15.93a
Singapore −15.55a
  1. Notes: The calculation is based on the Schwarz Info Criterion for lag length, at level,
  2. trend and intercept are included
  3. a Statistical significance at 1%