Table 1.
Summary statistics, January 1 to July 17, 2020.
| Statistics | MR | MtB | GC19 | GD19 | NOSH | BETA | VOL |
|---|---|---|---|---|---|---|---|
| Observation | 630 | 630 | 630 | 630 | 630 | 630 | 630 |
| Mean | 0.041 | 4.103 | 0.574 | 0.365 | 6.049 | 0.995 | 0.302 |
| Median | 0.011 | 2.875 | 0.224 | 0.033 | 6.016 | 0.965 | 0.286 |
| SD (St. Dev) | 0.077 | 6.302 | 0.097 | 0.759 | 0.630 | 0.434 | 0.103 |
| Maximum | 0.228 | 27.950 | 0.343 | 0.291 | 7.486 | 2.680 | 0.723 |
| Minimum | −0.431 | –28.540 | 0.001 | 0.000 | 4.612 | 0.030 | 0.107 |
| Skewness | 1.570 | 0.585 | 2.338 | 2.381 | 0.124 | 0.649 | 1.072 |
| Kurtosis | 6.916 | 10.019 | 7.305 | 8.168 | 2.595 | 5.147 | 4.975 |
Note: MR is the monthly stock return, MTB is the monthly market-to-book ratio, GC19 is the monthly growth in total confirmed cases, GD19 is the monthly growth in total death cases, NOSH is the total number of common shares, BETA is the digital companies’ risk, and VOL is the historical volatility.