spb/wp17_uqo

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"spreadPostWCI": "[-25.5, +37.6]",39 "spreadPreMed": "+1.4",40 "spreadPostMed": "-2.7",41 "ffsixFull": "+2.2",42 "ffsixFullT": "1.44",43 "ffsixPost": "-0.3",44 "ffsixPostT": "-0.08",45 "sharpePre": "0.52",46 "sharpePost": "0.23",47 "meanLSPre": "+3.8",48 "meanLSPost": "+2.1",49 "dsrFull": "0.35",50 "dsrPost": "0.29",51 "dsrTrials": "93",52 "cohortsPost": "2022: -6.7, 2023: +11.8, 2024: +20.2",53 "cohortsPostW": "2022: -5.0, 2023: +3.1, 2024: +19.9",54 "postLOO": "+16.0, +6.8, +2.6",55 "postLOOW": "+11.5, +7.5, -0.9",56 "preMean": "+4.8",57 "postMean": "+8.5",58 "preMeanW": "+3.4",59 "postMeanW": "+6.0",60 "preMeanCI": "[-0.7, 10.2]",61 "preMin": "-7.4",62 "pooledPost": "+8.7",63 "pooledPostT": "1.95",64 "pooledPostTtw": "1.10",65 "pooledPostPwild": "0.366",66 "pooledPostW": "+6.2",67 "pooledPostWT": "2.14",68 "pooledPostWTtw": "0.84",69 "pooledPostWPwild": "0.631",70 "pooledPostWCI": "[+0.5, +11.9]",71 "pooledDiff": "+3.4",72 "pooledDiffT": "0.73",73 "pooledDiffW": "+2.4",74 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"fmPostSectorT": "1.94",147 "fmPost": "+4.98",148 "fmPostT": "2.54",149 "syPost": "+0.46",150 "syPostT": "0.43",151 "syPostTtw": "--",152 "fmFullSector": "+1.54",153 "fmFullSectorT": "3.48",154 "fmFullSectorTplain": "2.99",155 "fmFullSectorW": "+0.88",156 "fmFullSectorWT": "2.80",157 "fmFullSectorWTplain": "2.74",158 "fmFullSectorExEnergyW": "+0.86",159 "fmFullSectorExEnergyWT": "2.57",160 "fixedBcv": "2.71",161 "fmPre": "+2.21",162 "fmPreT": "1.79",163 "fmFull": "+2.77",164 "fmFullT": "2.44",165 "syFull": "+0.75",166 "syFullT": "2.04",167 "syFullTtw": "2.78",168 "syFullPwild": "0.024",169 "placeboRank": "8",170 "placeboN": "10",171 "placeboRankW": "8",172 "placeboRankOrd": "8th",173 "placeboRankWOrd": "8th",174 "permP": "0.28",175 "permPW": "0.31",176 "permRank": "126",177 "supWald": "3.43",178 "supWaldP": "0.43",179 "supWaldW": "2.57",180 "supWaldWP": "0.59",181 "placeboBest": "2016",182 "placeboDiffTwentyTwo": "+3.7",183 "didCont": "+2.79",184 "didContT": "1.28",185 "didBin": 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"spidAnyPostShare": "4.2",224 "spidAnyPre": "-0.9",225 "spidAnyPost": "+5.5",226 "spidAnyPostT": "1.35",227 "spidAnyPostCI": "[-37.59, 48.66]",228 "spidAnyFirmFull": "+2.8",229 "spidAnyFirmFullT": "0.77",230 "spidAnyFirmFullMDE": "10.1",231 "spidAnyFirmFullCI": "[-4.3, +9.9]",232 "spidCohortMDE": "12.7",233 "spidLegacyMDE": "10.7",234 "spidXpost": "-1.93",235 "spidXpostT": "-1.93",236 "spidXpostTtw": "-0.96",237 "spidTechFirmFull": "+0.1",238 "spidTechFirmFullT": "0.12",239 "esgPost": "-15.9",240 "climPost": "-8.6",241 "cyberPost": "+13.3",242 "autoPost": "+7.4",243 "cyberPostW": "+8.9",244 "cyberIntT": "3.66",245 "cyberIntTtw": "3.98",246 "cyberIntRW": "0.05",247 "riskIntTtw": "0.96",248 "esgIntTtw": "-1.48",249 "riskPost": "+23.2",250 "riskPostT": "2.04",251 "riskPre": "+9.6",252 "adoptPost": "+4.9",253 "infraPost": "+7.8",254 "macroPost": "-16.2",255 "riskFFsixPost": "+12.5",256 "riskFFsixPostT": "2.79",257 "pcaPostW": "+8.6",258 "pcaFullW": "+4.8",259 "pcaFullWT": "1.95",260 "pcaEVR": "84.3",261 "pcaPost": "+11.6",262 "nEntrantFirms": "1{,}013",263 "nSeasoned": "1{,}362",264 "rankAuto": "0.87",265 "rankAutoFive": "0.72",266 "entrantPrem": "+9.0",267 "seasonedPost": "+12.5",268 "seasonedPre": "+4.2",269 "seasonedFullW": "+4.2",270 "seasonedFullWT": "1.99",271 "listedPre": "+6.1",272 "listedPost": "+9.3",273 "magSevenPost": "+8.4",274 "exTopFiveHundredPost": "+7.2",275 "exTopFiveHundredPre": "+5.9",276 "sixmPost": "+2.9",277 "iwvPost": "+8.5",278 "iwvPre": "+4.8",279 "fvolPost": "+6.6",280 "fvolPostT": "3.35",281 "fvolPre": "+4.1",282 "breakInfraT": "1.93",283 "breakComposT": "1.51",284 "breakComposTtw": "0.80",285 "breakComposPwild": "0.608",286 "breakCompos": "+1.63",287 "vwQone": "+12.1",288 "vwQfive": "+19.4",289 "ewQone": "+17.6",290 "ewQfive": "+23.1",291 "vwMaxWeight": "36",292 "vwMaxWeightVone": "100.0",293 "vwMaxWeightAll": "36",294 "vwMaxWeightAllSort": "cybersecurity placebo",295 "vwMaxWeightAllCell": "AAPL, 2023 cohort, quintile 2",296 "vwCellsAboveAll": "18",297 "vwCellsAboveAllDistinct": "9",298 "vwSortsAboveAll": "SPID technology and cybersecurity placebo",299 "vwMaxWeightCompos": "19",300 "vwMaxWeightComposCell": "AAPL, 2011 cohort, quintile 4",301 "vwCellsAboveCompos": "0",302 "vwMaxWeightComposVone": "100.0",303 "vwCellsAboveComposVone": "31",304 "feCompos": "-0.07",305 "feComposT": "-0.12",306 "feAdopt": "-0.21",307 "feAdoptT": "-0.35",308 "feInfra": "+0.03",309 "feInfraT": "0.05",310 "feSize": "-44.14",311 "feSizeT": "-5.49",312 "nLargeFirms": "1{,}585",313 "nSmallFirms": "1{,}566",314 "nSmall": "12{,}048",315 "largeFFsixPost": "+1.9",316 "largeFFsixPostT": "0.59",317 "largeSharpePost": "0.67",318 "smallSharpePost": "0.15",319 "smallSharpePre": "0.51",320 "largeSharpePre": "0.47",321 "smallFull": "+7.6",322 "smallFullT": "1.89",323 "largeFull": "+5.3",324 "largeFullT": "2.06",325 "smallFullW": "+3.9",326 "smallFullWT": "1.19",327 "largeFullW": "+5.0",328 "largeFullWT": "2.09",329 "sizeGroupChange": "7.6",330 "nNoCap": "308",331 "nNoCapVone": "2{,}168",332 "sizeNeuFull": "+6.6",333 "sizeNeuFullT": "2.54",334 "sizeNeuPost": "+9.9",335 "sizeNeuPre": "+5.8",336 "sizeNeuFullW": "+4.9",337 "sizeNeuFullWT": "2.19",338 "largeCohorts": "2022: +6.3, 2023: +0.4, 2024: +34.6",339 "smallCohorts": "2022: -15.3, 2023: +21.1, 2024: +15.2",340 "largeCohortsW": "2022: +6.2, 2023: +0.4, 2024: +31.5",341 "smallCohortsW": "2022: -12.0, 2023: +5.7, 2024: +17.0",342 "fmPostSectorFull": "+1.54",343 "preCohortsAbove": "11",344 "preCohortsPositive": "75",345 "preCohortsPositiveW": "75",346 "nonSPfirms": "1{,}888",347 "spN": "6{,}719",348 "spFirms": "487",349 "spSpreadFull": "+6.8",350 "spSpreadFullT": "2.51",351 "spSpreadFullW": "+5.7",352 "spSpreadFullWT": "2.36",353 "spSpreadPre": "+4.7",354 "spSpreadPost": "+15.3",355 "spSpreadPostT": "2.21",356 "spSpreadPreW": "+3.8",357 "spSpreadPostW": "+13.2",358 "spCohorts": "2022: +13.5, 2023: -6.8, 2024: +39.2",359 "spCohortsW": "2022: +14.8, 2023: -7.1, 2024: +32.0",360 "spSharpePost": "0.69",361 "spSharpePre": "0.53",362 "spFFsixPost": "+1.1",363 "spFFsixPostT": "0.26",364 "spPooledPost": "+15.4",365 "spPooledPostT": "2.24",366 "spPooledPostW": "+13.3",367 "spPooledPostWT": "2.39",368 "spPooledPostWTtw": "1.15",369 "spFMcompos": "+2.08",370 "spFMcomposT": "1.98",371 "rkFMcompos": "+2.77",372 "rkFMcomposT": "2.44",373 "spFMcomposW": "+1.73",374 "spFMcomposWT": "1.94",375 "fmCompos": "+2.77",376 "fmComposT": "2.44",377 "fmComposTplain": "2.75",378 "fmComposW": "+1.88",379 "fmComposWT": "2.41",380 "fmComposWTplain": "2.51",381 "fmComposWCI": "[+0.27, +3.49]",382 "fmComposCI": "[+0.61, +4.92]",383 "nFilingsCorpus": "527{,}548",384 "nIssuersCorpus": "2{,}499",385 "corrAdoptInfra": "0.79",386 "corrAdoptRisk": "0.82",387 "corrSpid": "0.07",388 "corrCyber": "0.40",389 "cyberNeuFullW": "+2.9",390 "cyberNeuFullWT": "1.98",391 "dsSmallPost": "+15.1",392 "dsLargePost": "+13.5",393 "dsSmallPre": "+9.5",394 "dsLargePre": "+3.1",395 "dsSmallPostW": "+6.1",396 "dsLargePostW": "+12.6",397 "evLarge": "+20.0",398 "evLargeT": "5.29",399 "evLargeCDA": "3.02",400 "evSmall": "+12.2",401 "evSmallT": "2.04",402 "evSmallCDA": "1.51",403 "evSP": "+12.1",404 "evSPT": "1.96",405 "evSPCDA": "1.96",406 "evNonSP": "+14.5",407 "evNonSPT": "3.29",408 "evNonSPCDA": "1.85",409 "evLargeBetaCDA": "1.12",410 "evLargeMadjCDA": "1.22",411 "evLargeEstTwentyOneCDA": "2.09",412 "evLargeSizeMomCDA": "1.38",413 "evLargeFFsixT": "0.52",414 "evLargeFFsixAlpha": "+2.2",415 "evFullFFsixT": "1.20",416 "evLargeWithinCDA": "2.97",417 "evLargeEighteenCDA": "2.97",418 "evSmallEighteenCDA": "0.41",419 "evPlaceboRank": "1",420 "evPlaceboRankT": "1",421 "evPlaceboN": "8",422 "evXsec": "+7.5",423 "evXsecT": "4.52",424 "evXsecSect": "+7.2",425 "evXsecSectT": "4.01",426 "attritionSmallMax": "78",427 "attritionLargeMax": "47",428 "ewMinusIWV": "+5.7",429 "ewMinusIWVW": "+3.6",430 "ewMinusIWVmed": "-3.1",431 "smallMinusIWM": "+14.5",432 "largeMinusIWV": "-0.1",433 "sizeDemeanedFullW": 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"placeboTmax": "1.61",470 "evHolmMin": "0.088",471 "evBHMin": "0.036",472 "mhtRobustPreRWmin": "0.38",473 "mhtRobustPostRWmin": "0.50",474 "mhtSortsFullRWmin": "0.15",475 "cyberIntRWp": "0.05",476 "largePostExTwentyFourWCI": "[-2.2, +8.8]",477 "contrastLargeMinusSmallBootCI": "[-4.0, +22.0]",478 "contrastLargeMinusSmallBoot": "+10.0",479 "sectorFEslopeFull": "+0.75",480 "sectorFEslopeFullTtw": "2.78",481 "sectorFEslopeFullPwild": "0.024",482 "specIQRlo": "+0.7",483 "specIQRhi": "+8.5",484 "specNegSig": "1.5",485 "formWaldStat": "8.25",486 "cohortTwentyTwoPostFilingShare": "4.6",487 "thenMembersCohorts": "2018: all +19.0 vs members +20.4, 2019: all +1.4 vs members +4.2, 2020: all -6.6 vs members -6.7, 2021: all +12.1 vs members +14.4, 2022: all -5.0 vs members -2.9, 2023: all +3.1 vs members +4.2, 2024: all +19.9 vs members +16.4",488 "kwSpearman": "0.13",489 "kwFullW": "+4.7",490 "kwFullWT": "2.30",491 "kwFMW": "+0.61",492 "kwFMWT": "1.25",493 "altSpearman": "0.98",494 "altFullW": "+4.1",495 "altFullWT": "2.33",496 "altFMW": "+1.79",497 "altFMWT": "2.70",498 "exUtilFullW": "+4.6",499 "exUtilFullWT": "2.16",500 "utilShareQfive": "6.5",501 "utilShareAll": "3.2",502 "kwShareZero": "84"503}