Table 3 The number of observations that reject the null hypothesis for the corresponding test statistic
Test statistic | Assets | 50 | 100 | 150 | |||
|---|---|---|---|---|---|---|---|
0.05* | 0.1** | 0.05 | 0.1 | 0.05 | 0.1 | ||
Automatic Portmanteau (AQ) | Bitcoin (BTC) | 29 | 62 | 23 | 45 | 1 | 30 |
Ethereum (ETH) | 21 | 47 | 20 | 50 | 62 | 67 | |
Ripple (XRP) | 76 | 192 | 90 | 151 | 16 | 87 | |
Gold | 89 | 154 | 89 | 180 | 154 | 243 | |
WTI | 142 | 171 | 46 | 88 | 12 | 41 | |
Generalized spectral (GS) | Bitcoin (BTC) | 22 | 81 | 43 | 129 | 49 | 116 |
Ethereum (ETH) | 71 | 168 | 89 | 218 | 164 | 314 | |
Ripple (XRP) | 52 | 147 | 52 | 136 | 63 | 140 | |
Gold | 25 | 69 | 37 | 92 | 47 | 86 | |
WTI | 14 | 53 | 28 | 49 | 10 | 41 | |