Risk Analysis of Gold Prices in Pakistan Using Extreme Value Theory

Table 9

Goodness-of-fit of GPA distribution for both positive and negative returns.

Goodness-of-fit for positive return
Threshold value	0.008	0.012
No. of exceedances	99	39
K-S test ( value)	0.1105 (0.1653)	0.1173 (0.6145)
A-D test ( value)	0.3312 (0.9128)	1.0893 (0.3132)
Goodness-of-fit for negative return
Threshold value	0.001	0.003
No. of exceedances	962	493
K-S test ( value)	0.0325 (0.2616)	0.0448 (0.2753)
A-D test ( value)	0.2909 (0.9453)	0.4512 (0.7968)