Table 1.
Summary descriptive statistics
| No | Variable | Mean | Std. Dev. | Skewness | Kurtosis |
|---|---|---|---|---|---|
| 1 | Agriculture | 0.08 | 1.93 | -0.49 | 4.48 |
| 2 | Food Products | –0.16 | 0.88 | -0.74 | 5.34 |
| 3 | Candy & Soda | –0.02 | 1.03 | -1.43 | 8.81 |
| 4 | Beer & Liquor | –0.07 | 1.01 | -1.91 | 8.02 |
| 5 | Tobacco Products | –0.14 | 1.16 | -1.41 | 6.75 |
| 6 | Creation | –0.35 | 1.54 | -0.46 | 2.99 |
| 7 | Entertainment | 0.06 | 1.55 | -0.48 | 3.11 |
| 8 | Printing and Publishing | –0.16 | 1.42 | -0.08 | 4.65 |
| 9 | Consumer Goods | –0.12 | 0.95 | -2.29 | 10.72 |
| 10 | Apparel | –0.18 | 1.23 | -1.32 | 5.71 |
| 11 | Healthcare | –0.06 | 1.13 | -0.71 | 3.95 |
| 12 | Medical Equipment | –0.14 | 1.05 | -0.91 | 3.68 |
| 13 | Pharmaceutical Products | –0.07 | 0.91 | -1.16 | 5.45 |
| 14 | Chemicals | –0.30 | 1.34 | -1.13 | 5.05 |
| 15 | Rubber and Plastic Products | –0.16 | 1.08 | -0.85 | 4.13 |
| 16 | Textiles | –0.28 | 1.66 | -0.17 | 2.71 |
| 17 | Construction Materials | –0.15 | 1.14 | -1.05 | 4.28 |
| 18 | Construction | –0.07 | 1.29 | -1.01 | 4.77 |
| 19 | Steel Works Etc | –0.52 | 1.42 | -0.67 | 3.65 |
| 20 | Fabricated Products | –0.13 | 1.89 | -0.55 | 3.28 |
| 21 | Machinery | –0.11 | 1.36 | -0.63 | 4.04 |
| 22 | Electrical Equipment | –0.13 | 1.26 | -0.79 | 5.26 |
| 23 | Automobiles and Trucks | 0.20 | 2.53 | -0.30 | 6.25 |
| 24 | Aircraft | –0.29 | 1.36 | -1.20 | 5.71 |
| 25 | Shipbuilding, Railroad Equipment | –0.23 | 1.43 | -0.39 | 3.15 |
| 26 | Defense | –0.04 | 1.34 | -0.89 | 5.41 |
| 27 | Precious Metals | 0.16 | 1.72 | -0.95 | 5.43 |
| 28 | Non-Metallic and Industrial Metal Mining | –0.28 | 1.55 | -0.52 | 3.09 |
| 29 | Coal | –0.60 | 2.95 | 1.18 | 6.29 |
| 30 | Petroleum and Natural Gas | –0.44 | 1.69 | -0.73 | 4.93 |
| 31 | Utilities | –0.03 | 1.01 | -2.40 | 10.31 |
| 32 | Communication | –0.13 | 0.92 | -1.32 | 5.49 |
| 33 | Personal Services | –0.12 | 1.04 | -1.47 | 5.58 |
| 34 | Business Services | –0.06 | 1.10 | -1.56 | 6.18 |
| 35 | Computers | –0.14 | 1.49 | -0.92 | 4.07 |
| 36 | Computer Software | 0.04 | 1.28 | -1.62 | 6.75 |
| 37 | Electronic Equipment | 0.01 | 1.64 | -1.44 | 5.40 |
| 38 | Measuring and Control Equipment | –0.16 | 1.17 | -1.29 | 4.75 |
| 39 | Business Supplies | –0.22 | 1.01 | -0.46 | 4.51 |
| 40 | Shipping Containers | –0.12 | 1.34 | -0.93 | 5.42 |
| 41 | Transportation | –0.17 | 1.30 | -1.56 | 5.74 |
| 42 | Wholesale | –0.20 | 1.05 | -1.55 | 6.15 |
| 43 | Retail | –0.04 | 1.01 | -1.75 | 8.02 |
| 44 | Restaurants, Hotels, Motels | –0.11 | 1.06 | -1.46 | 5.51 |
| 45 | Banking | –0.23 | 1.28 | -1.49 | 5.96 |
| 46 | Insurance | –0.16 | 1.30 | -1.22 | 6.78 |
| 47 | Real Estate | –0.15 | 1.13 | -1.24 | 5.59 |
| 48 | Trading | –0.14 | 1.16 | -1.18 | 4.76 |
| 49 | Almost Nothing | –0.11 | 1.03 | -1.44 | 6.39 |
| 50 | Market return | –0.11 | 1.07 | -2.16 | 8.65 |
| 51 | ∆Corona | 0.06 | 0.24 | 0.69 | 4.57 |
Notes: Our sample covers the period from December 9, 2019 to February 28, 2020. Values are in % for US Industries