Modeling and Risk Analysis Using Parametric Distributions with an Application in Equity-Linked Securities

Table 2

Summary statistics for the four stock indices. The minimum value (<0.001) of value in the Jarque–Bera test.

	HSCEI	KOSPI 200	S&P 500	EURO STOXX 50
Obs.	2439	2481	2516	2555
Mean	3.7829e − 4	3.0202e − 4	2.1388e − 4	2.2583e − 4
Std. dev.	0.0207	0.0141	0.0129	0.01441
Skewness	0.0411	−0.4216	−0.3339	0.0238
Kurtosis	10.3129	10.0186	14.0144	9.3072
Jarque–Bera	543.54	516.58	1276.5	423.52