Erasmus university rotterdam

Max	1.246439	1.148562	1.243896	0.015067	1.210417	0.066229
0.005596
Min	0.017059	0.18201	-0.04695	-0.06071	-0.10307	-0.04205	-0.00201

Appendix G Betas Israel

	Global	Local	Three Moment CAPM		Four Moment CAPM
IS1	0.888461	0.877784	1.113565	0.057403	1.353716	-0.01552	-0.00492
IS2	1.047913	0.868343	1.092389	0.011342	1.106639	0.007015	-0.00029
IS3	0.692459	0.737258	0.785812	0.023805	0.828759	0.010764	-0.00088
IS4	1.006188	0.601904	1.153705	0.037618	1.347781	-0.02132	-0.00398
IS5	1.421669	0.985219	1.346174	-0.01896	1.476379	-0.05637	-0.00252
IS6	0.4805	0.479533	0.505484	0.006371	0.591801	-0.01984	-0.00177
IS7	1.245116	0.784305	1.278086	0.008408	1.374755	-0.02095	-0.00198
IS8	0.643133	0.538892	0.680282	0.009473	0.837559	-0.03829	-0.00322
IS9	1.085977	0.965413	1.321291	0.057292	1.600616	-0.02385	-0.00531
IS10	0.475833	0.443927	0.552809	0.019629	0.509847	0.032675	0.00088
IS11	1.435737	0.963956	1.576242	0.03583	1.711829	-0.00534	-0.00278
IS12	0.788564	0.675696	0.857945	0.017693	0.954908	-0.01175	-0.00199
IS13	0.384962	0.344084	0.360628	-0.00621	0.39972	-0.01808	-0.0008
IS14	1.361116	0.983129	1.547562	0.047545	1.564255	0.042476	-0.00034
IS15	0.456201	0.527647	0.496642	0.010313	0.506915	0.007193	-0.00021
IS16	0.67783	0.570998	0.781314	0.026389	0.853137	0.004579	-0.00147
IS17	0.446461	0.642721	0.481319	0.008889	0.539752	-0.00886	-0.0012
IS18	0.749372	0.74416	0.854731	0.026867	0.852595	0.027516	4.38E-05
IS19	1.05952	0.894192	1.16175	0.026069	1.306854	-0.01799	-0.00297
IS20	0.811821	0.800107	0.88048	0.017508	1.032913	-0.02878	-0.00312
IS21	0.523011	0.818086	0.439589	-0.02016	0.536956	-0.04802	-0.00183
IS22	0.579025	0.730605	0.609152	0.007682	0.726826	-0.02805	-0.00241
IS23	0.699642	0.785662	0.69641	-0.00082	0.831338	-0.0418	-0.00276
IS24	0.739275	0.640379	0.734081	-0.00132	0.853567	-0.03761	-0.00245
IS25	0.914837	0.970005	0.9355	0.005269	1.184062	-0.07021	-0.00509
IS26	0.841755	0.697423	0.903459	0.015735	0.95768	-0.00073	-0.00111
IS27	0.541044	0.519319	0.629366	0.022523	0.605673	0.029718	0.000485
IS28	0.607926	0.691236	0.633525	0.006528	0.689442	-0.01045	-0.00115
IS29	0.674727	0.698923	0.865185	0.048568	1.015424	0.002945	-0.00308
IS30	0.841752	0.760448	0.756656	-0.0217	0.871766	-0.05666	-0.00236
IS31	0.748999	0.398696	0.819069	0.017868	0.783142	0.028778	0.000736
IS32	1.111427	0.785378	1.21855	0.027317	1.180129	0.038984	0.000787
IS33	0.759808	0.696531	0.837799	0.019888	0.910871	-0.0023	-0.0015
IS34	0.920576	0.856046	1.051954	0.033502	1.221288	-0.01792	-0.00347
IS35	0.237042	0.324363	0.230533	-0.00166	0.248187	-0.00702	-0.00036
IS36	0.923864	0.925733	0.97885	0.014022	0.996283	0.008728	-0.00036
IS37	1.230023	0.946199	1.425349	0.049809	1.502865	0.02627	-0.00159
IS38	0.507617	0.426447	0.501815	-0.00148	0.531964	-0.01064	-0.00062
IS39	0.94906	0.715187	1.015138	0.01685	1.080127	-0.00289	-0.00133
IS40	1.015449	0.721488	1.129178	0.029002	1.16782	0.017267	-0.00079
IS41	1.290131	1.025562	1.370023	0.020373	1.41236	0.007516	-0.00087
IS42	0.530472	0.537251	0.54267	0.003111	0.56117	-0.00251	-0.00038
IS43	0.974544	0.908656	1.034545	0.015301	1.135885	-0.01547	-0.00208
IS44	0.679322	0.590009	0.706051	0.006816	0.758184	-0.00902	-0.00107
IS45	0.965311	0.796903	1.075632	0.028136	1.083449	0.025762	-0.00016
IS46	0.724501	0.659794	0.827718	0.026321	0.84953	0.019697	-0.00045
IS47	0.431669	0.409384	0.521516	0.022911	0.597529	-0.00017	-0.00156
IS48	1.097867	0.781674	1.27225	0.042217	1.313023	0.03054	-0.00077
IS49	0.866819	0.524186	0.936601	0.017795	1.026442	-0.00949	-0.00184
IS50	0.531692	0.499302	0.54725	0.003967	0.537212	0.007016	0.000206
IS51	0.435436	0.759536	0.277241	-0.03986	0.732274	-0.17122	-0.00884
IS52	0.437484	0.256058	0.463733	0.006693	0.556113	-0.02133	-0.00189
IS53	0.906066	0.601912	1.009825	0.026459	0.995126	0.030923	0.000301
IS54	0.88671	0.701226	0.991312	0.026674	1.00481	0.022575	-0.00028
IS55	0.982352	0.863106	0.99716	0.003776	1.124584	-0.03492	-0.00261
IS56	0.753178	0.7263	0.74355	-0.00246	0.804688	-0.02102	-0.00125
IS57	0.731643	0.575473	0.749379	0.004523	0.838351	-0.0225	-0.00182
IS58	0.885592	0.795717	0.967478	0.020881	1.024538	0.003554	-0.00117
IS59	0.792125	0.791625	0.698534	-0.02387	0.757874	-0.04189	-0.00122
IS60	1.117311	0.826857	1.18385	0.016968	1.210444	0.008892	-0.00055
IS61	0.738886	0.787436	0.800991	0.015837	0.988429	-0.04108	-0.00384
IS62	0.790257	0.8204	0.899087	0.027752	0.966442	0.007299	-0.00138
IS63	0.763904	0.751756	0.85502	0.023235	0.969982	-0.01168	-0.00236
IS64	0.550819	0.659186	0.555451	0.001181	0.643732	-0.02563	-0.00181
IS65	0.884429	0.8537	0.944681	0.015365	0.982801	0.003789	-0.00078
IS66	0.17679	0.345974	0.135049	-0.01064	0.221997	-0.03705	-0.00178
IS67	0.876936	0.587722	0.840146	-0.00938	0.834117	-0.00755	0.000124
IS68	1.386975	1.135248	1.491016	0.026531	1.633175	-0.01664	-0.00291
IS69	0.936136	0.836494	0.90276	-0.00851	0.920322	-0.01384	-0.00036
IS70	0.295383	0.352177	0.343704	0.012322	0.410574	-0.00798	-0.00137
IS71	0.961892	0.790338	0.975025	0.003349	0.987276	-0.00037	-0.00025
IS72	1.342981	0.86848	1.497643	0.03944	1.623354	0.001265	-0.00258
IS73	0.631785	0.491985	0.638556	0.001727	0.61323	0.009417	0.000519
IS74	0.34438	0.591863	0.348564	0.001067	0.342707	0.002845	0.00012
IS75	0.599382	0.368726	0.608995	0.002451	0.589907	0.008248	0.000391
IS76	0.463445	0.693187	0.405771	-0.01471	0.491261	-0.04067	-0.00175
IS77	1.619828	1.153864	1.673646	0.013724	1.786438	-0.02053	-0.00231
IS78	0.826897	0.693912	0.876486	0.012646	1.003462	-0.02591	-0.0026
IS79	0.85784	0.853059	0.791701	-0.01687	1.019332	-0.08599	-0.00466
IS80	0.970831	0.77922	1.006726	0.009154	1.00198	0.010595	9.72E-05
IS81	0.572193	0.249933	0.520665	-0.01295	0.523414	-0.01374	-5.32E-05
IS82	0.589114	0.704275	0.623034	0.00865	0.736398	-0.02578	-0.00232
IS83	0.288432	0.302118	0.267166	-0.00542	0.341338	-0.02795	-0.00152
IS84	0.821135	0.509213	0.832668	0.002941	0.839176	0.000965	-0.00013
IS85	1.178023	0.84807	1.190338	0.00314	1.156062	0.013549	0.000702
IS86	0.616972	0.542042	0.527484	-0.02282	0.596915	-0.0439	-0.00142
IS87	0.799676	0.554005	0.872334	0.018337	0.865825	0.02029	0.000132
IS88	0.796842	0.636977	0.880814	0.021413	0.946869	0.001355	-0.00135
IS89	1.030133	1.163604	1.098446	0.01742	1.218143	-0.01893	-0.00245
IS90	1.199626	1.074377	1.031926	-0.04276	1.114916	-0.06797	-0.0017
IS91	0.670092	0.680839	0.715108	0.011479	0.819054	-0.02009	-0.00213
IS92	0.726532	0.733083	0.728706	0.000554	0.735415	-0.00148	-0.00014
IS93	1.047175	0.980026	1.0924	0.011533	1.138734	-0.00254	-0.00095
IS94	0.679166	0.558418	0.787309	0.027577	0.803621	0.022623	-0.00033
IS95	1.192965	0.880695	1.235389	0.010818	1.205963	0.019754	0.000603
IS96	1.192643	0.798359	1.264546	0.018336	1.336154	-0.00341	-0.00147
IS97	0.757564	0.583508	0.861181	0.026423	0.894766	0.016224	-0.00069
IS98	0.627104	0.474993	0.628035	0.000237	0.642995	-0.00431	-0.00031
IS99	0.457114	0.465128	0.459155	0.00052	0.474432	-0.00412	-0.00031
IS100	1.266993	1.084368	1.317404	0.011713	1.443995	-0.02394	-0.00234
IS101	0.927657	0.772375	0.841552	-0.02196	0.849046	-0.02423	-0.00015
IS102	0.463346	0.567306	0.503216	0.010167	0.538019	-0.0004	-0.00071
IS103	0.754822	0.590541	0.860277	0.026891	0.939873	0.002721	-0.00163
IS104	0.557954	0.720905	0.643601	0.021526	0.695091	0.006728	-0.001
IS105	1.410118	1.046581	1.518797	0.027714	1.454657	0.047191	0.001314
IS106	0.908386	0.526956	0.99319	0.021625	0.936285	0.038906	0.001166
IS107	0.470532	0.584239	0.450625	-0.00508	0.581698	-0.04488	-0.00269
IS108	0.614816	0.697867	0.67492	0.015327	0.771827	-0.0141	-0.00199
IS109	1.090199	1.224872	1.235168	0.036968	1.43027	-0.02228	-0.004
IS110	0.966686	0.789791	1.028042	0.015646	1.066017	0.004114	-0.00078
IS111	0.596383	0.793684	0.627872	0.00803	0.714356	-0.01823	-0.00177
IS112	0.995842	0.4618	1.15239	0.034543	1.143455	0.03686	0.000152
IS113	0.833668	0.85979	0.849919	0.004144	0.97239	-0.03305	-0.00251
IS114	1.014718	0.801958	1.11079	0.024499	1.21063	-0.00582	-0.00205
IS115	0.744767	0.77781	0.775097	0.007734	0.747894	0.015995	0.000557
IS116	0.482758	0.667945	0.510771	0.007143	0.600804	-0.0202	-0.00184
IS117	0.357863	0.374352	0.38754	0.007568	0.404388	0.002451	-0.00035
IS118	0.631947	0.754091	0.678407	0.011849	0.740121	-0.00688	-0.00126
IS119	1.204565	0.680904	1.285676	0.020684	1.307131	0.014169	-0.00044
IS120	0.876024	0.659087	1.092362	0.055167	1.298327	-0.00738	-0.00422
IS121	0.628216	0.697615	0.577721	-0.01288	0.655865	-0.03661	-0.0016
IS122	0.583043	0.637891	0.713673	0.033311	0.815725	0.002322	-0.00209
IS123	0.983675	0.98663	1.049774	0.016855	1.100956	0.001313	-0.00105
IS124	0.549807	0.511759	0.59125	0.010568	0.619034	0.002131	-0.00057
IS125	0.769845	0.556798	0.764516	-0.00136	0.720018	0.012153	0.000912
IS126	0.358179	0.341158	0.353991	-0.00107	0.372269	-0.00662	-0.00037
IS127	0.751604	0.750114	0.81454	0.016049	0.944347	-0.02337	-0.00266
IS128	0.600213	0.602779	0.630942	0.007836	0.738591	-0.02485	-0.00221
IS129	0.501213	0.596829	0.507302	0.001553	0.484991	0.008328	0.000457
IS130	1.420398	1.42137	1.421824	0.000364	1.650601	-0.06908	-0.00468
IS131	0.623856	0.486653	0.590846	-0.00842	0.600996	-0.0115	-0.00021
IS132	0.550131	0.429097	0.547477	-0.00068	0.529091	0.004907	0.000377
IS133	1.17607	1.566296	1.265084	0.022699	1.414312	-0.02262	-0.00306
IS134	0.500766	0.473872	0.537758	0.009433	0.612088	-0.01314	-0.00152
IS135	0.88798	0.686129	0.944931	0.014523	1.164863	-0.05226	-0.00451