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Table 5 Average returns for different price limit combinations

From: An empirical behavioral order-driven model with price limit rules

  0.05 0.10 0.15 0.20 0.25 0.30
− 0.05 0.017 0.544 1.098 1.721 2.188 2.550
− 0.10 − 0.558 0.008 0.551 1.087 1.666 1.950
− 0.15 − 1.388 − 0.746 − 0.022 0.582 1.144 1.674
− 0.20 − 2.181 − 1.384 − 0.719 − 0.052 0.462 0.934
− 0.25 − 2.990 − 2.158 − 1.433 − 0.843 − 0.190 0.494
− 0.30 − 4.003 − 3.593 − 2.563 − 2.121 − 1.056 − 0.324
  1. The first row shows the \(\phi_{+}\) values, whereas the first column shows the \(\phi_{-}\) values. The values of the average returns have been multiplied by \(10^5\) for better presentation