Table 3 Summary Statistics (Dalian Commodity Exchange)
From: The effect of nighttime trading of futures markets on information flows: evidence from China
Futures | Sample period | Mean | Std. | Skewness | Kurtosis | Eq. mean | Eq. var. |
|---|---|---|---|---|---|---|---|
RBD palm olein | Pre-NT | −0.00067 | 0.0137 | −0.468*** | 2.219*** | 0.37 | 1.85*** |
Post-NT | −0.00091 | 0.0101 | −0.054 | 1.272*** | |||
Metallurgical coke | Pre-NT | −0.00148 | 0.0108 | −0.247*** | 1.694*** | −0.13 | 1.97*** |
Post-NT | −0.00141 | 0.0077 | 0.014 | 1.226*** | |||
No. 1 soybeans | Pre-NT | 0.00013 | 0.0103 | −0.348*** | 3.541*** | 1.71* | 1.67*** |
Post-NT | −0.00089 | 0.0080 | 0.193 | 3.287*** | |||
Soybean meal | Pre-NT | 0.00024 | 0.0122 | −0.211*** | 1.888*** | 1.13 | 1.79*** |
Post-NT | −0.00053 | 0.0091 | 0.229 | 1.221*** | |||
Crude soybean oil | Pre-NT | −0.00054 | 0.0122 | −0.557*** | 2.862*** | −0.50 | 1.85*** |
Post-NT | −0.00020 | 0.0090 | 0.048 | 0.998*** | |||
Coking coal | Pre-NT | −0.00175 | 0.0104 | −0.391*** | 0.917*** | −0.89 | 1.41*** |
Post-NT | −0.00101 | 0.0088 | −0.172 | 1.340*** | |||
Iron ore | Pre-NT | −0.00208 | 0.0117 | −0.332** | 1.497*** | −0.95 | 1.95*** |
Post-NT | −0.00081 | 0.0163 | −0.262 | 1.497*** |