1\begin{tabular}{lcccc}2\toprule3Component & Equal & PCA loading & Supervised & Leave-one-out corr. \\4\midrule5Exit intensity & 0.20 & +0.41 & -- & 0.94 \\6Markdown frequency & 0.20 & +0.35 & +0.0011 & 0.91 \\7Markdown depth & 0.20 & -0.50 & -0.0039 & 0.95 \\8Residual dispersion (sign reversed) & 0.20 & +0.51 & -0.0015 & 0.91 \\9Arrival rate & 0.20 & +0.44 & +0.0015 & 0.94 \\10\midrule11PCA first-component share & \multicolumn{4}{c}{0.56} \\12Corr(equal, PCA) / Corr(equal, supervised) & \multicolumn{4}{c}{0.85 / 0.68} \\13Leave-exit-out AMLI $\to$ next-week exit (region FE) & \multicolumn{4}{c}{0.96 pp [0.69, 1.24], $n$ = 68} \\14\quad + lagged exit & \multicolumn{4}{c}{1.02 pp [0.70, 1.35], $n$ = 68} \\15\quad pooled OLS & \multicolumn{4}{c}{0.98 pp [0.59, 1.36], $n$ = 68} \\16Price-tier markets: PCA share / held-out slope & \multicolumn{4}{c}{0.44 / 0.46 pp [-0.64, 1.55]} \\17Body-type markets: PCA share / held-out slope & \multicolumn{4}{c}{0.46 / 0.44 pp [0.05, 0.82]} \\18\bottomrule19\end{tabular}20