Analysis of Investment Returns as Markov Chain Random Walk
Table 1
Descriptive statistics of investment returns by country.
Statistic
Country
Canada
India
Mexico
South Africa
Switzerland
Mean
0.00536
0.01172
0.02267
0.00880
0.00489
Std. dev.
0.04051
0.06193
0.09035
0.04928
0.04045
Sample variance
0.00164
0.00384
0.00816
0.00243
0.00164
Minimum
−0.24999
−0.27517
−0.56547
−0.30228
−0.28215
Maximum
0.11187
0.34699
0.36234
0.14036
0.14205
Range
0.36186
0.62216
0.92781
0.44264
0.4242
LL (95% CI)
0.00194
0.00649
0.01505
0.00464
0.00148
UL (95% CI)
0.00877
0.01694
0.03029
0.01295
0.00830
LL (95% CI) represents the lower limit of the 95% confidence interval and UL represents the upper limit of the 95% confident interval. Source: Authors’ computation.