Table 4: Estimation results of the HAR-CJ model.

(1day) (1week) (1month)
CoefficientStd. error CoefficientStd. error CoefficientStd. error

0.1540***0.03030.2986***0.04900.4776***0.0624
0.3172***0.03810.2438***0.03450.1393***0.0298
0.3975***0.06170.3352***0.06830.2096***0.0778
0.1405**0.05580.2079***0.07840.3037***0.0903
0.1115***0.04110.04160.03050.02560.0211
−0.04460.0390−0.00970.05700.07250.0545
0.1402***0.05290.1767**0.07620.09940.0813

Adj- 0.58680.62970.5495