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. 2021 May 28;104(4):4117–4147. doi: 10.1007/s11071-021-06535-8

Table 8.

ARCH-LM test: number of rejections

Indices/stocks # Rejections # Obs %
&P 500 3360 8797 38.19
DJIA 3592 8797 40.83
NASDAQ 3864 8797 43.92
FACEBOOK 354 1911 18.52
AMAZON 982 5689 17.26
TESLA 303 2387 12.69
APPLE 1729 8797 19.65
NETFLIX 375 4427 8.47
GOOGLE 713 3863 18.46