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. Author manuscript; available in PMC: 2021 Sep 1.
Published in final edited form as: J Econom. 2020 Feb 15;218(1):119–139. doi: 10.1016/j.jeconom.2019.12.016

Table 3:

Pairs of stock groups with the smallest P-value 1e–6.

Conglomerates Aerospace
Large Cap Pharma Medical Products
Soap and Cleaning Products Large Cap Pharma
Conglomerates Transportation
Banks Finance
Banks Medical Products
Conglomerates Banks
Banks Utility
Soap and Cleaning Products Banks
Wireless National Banks