Table 2 Descriptive statistics.
From: Portfolio diversification benefits before and during the times of COVID-19: evidence from USA
Conventional index | |||||||
|---|---|---|---|---|---|---|---|
DJUS | DJUK | DJCA | DJCH | DJJA | DJTUR | DJMA | |
Mean | − 2.80E − 05 | − 0.000247 | 1.38E − 05 | 4.09E − 06 | − 5.19E − 05 | − 0.000503 | − 0.000163 |
Median | 0.000660 | 0.000339 | 0.000626 | 0.000000 | 0.000326 | 0.000342 | 0.00000 |
Maximum | 0.107740 | 0.108351 | 0.523630 | 0.078229 | 0.126605 | 0.147924 | 0.054327 |
Minimum | − 0.150628 | − 0.140642 | − 0.140697 | − 0.085298 | − 0.120659 | − 0.170506 | − 0.109175 |
Std. Dev | 0.014072 | 0.014142 | 0.017682 | 0.013627 | 0.013748 | 0.022336 | 0.009433 |
Skewness | − 1.606557 | − 0.749510 | 7.557620 | − 0.222719 | − 0.250784 | − 0.497663 | − 0.813503 |
Kurtosis | 21.57637 | 15.32418 | 250.1342 | 5.956129 | 11.42669 | 9.445471 | 13.11550 |
Jarque–Bera | 47,313.39 | 20,518.90 | 8,161,069 | 1189.753 | 9486.572 | 5662.441 | 13,974.20 |
Probability | 0.000000 | 0.000000 | 0.000000 | 0.000000 | 0.000000 | 0.000000 | 0.000000 |
Islamic index | ||||||
|---|---|---|---|---|---|---|
DJUSI | DJUKI | DJCAI | DJJAI | DJTURI | DJMAI | |
Mean | 0.000250 | − 0.000157 | − 0.000200 | 9.28E − 05 | − 4.42E − 05 | 7.88E − 05 |
Median | 0.000655 | 0.000236 | 0.000348 | 0.000273 | 0.000406 | 0.000272 |
Maximum | 0.117498 | 0.116768 | 0.118689 | 0.106586 | 0.147142 | 0.108989 |
Minimum | − 0.128880 | − 0.131457 | − 0.137681 | − 0.095483 | − 0.138005 | − 0.086419 |
Std. Dev | 0.012069 | 0.014772 | 0.017195 | 0.013078 | 0.017498 | 0.012994 |
Skewness | − 0.478853 | − 0.282088 | − 0.792615 | − 0.265942 | − 0.433732 | − 0.249422 |
Kurtosis | 18.91403 | 13.81815 | 14.96492 | 8.742828 | 10.62338 | 9.593077 |
Jarque–Bera | 33,836.87 | 15,622.31 | 19,392.63 | 4428.133 | 7836.849 | 5819.894 |
Probability | 0.000000 | 0.000000 | 0.000000 | 0.000000 | 0.000000 | 0.000000 |