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Please try again!,unsubscribed:Unsubscribed!,unsubscribedHelpText:We are sorry to see you go!},verifySubscription:{helpText:We have verified your subscription! Youll be redirected back in,seconds:seconds,subscribed:Subscribed,verifyErrorMessage:We couldnt verify your subscription. Please try again!,welcomeMessage:Welcome aboard!},widgets:{announcement:{errorMessageDescription:Looks like something went wrong fetching your releases. 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Marginal\u002Fnegligible impact on analysis results of events that took place on weekends and were set by the user to be auto-shifted as per GUI\u002FAPI option.\u003C\u002Fp\u003E,alias:estimation-window-shift-for-non-trading-days,tags:null,organisationId:2b6f2371-e893-497b-a58e-c4b0dcf89058,featuredLink:null,featuredLinkText:null,featuredImage:null,contributors:,projects:{id:d4a1efd8-06bd-4e06-bda7-47d519d4eac4,name:ARC \u002F AVC \u002F AVyC,description:Updates about the our abnormal effect calculators (AXC),meta:{}},categories:{id:f929843b-311e-45e3-bf31-0c0677682f61,name:Bug Fixes,description:Bugs squashed and issues fixed at EventStudyTools,theme:null,meta:{}},releaseNoteId:c4c0ed69-7cb3-4ad0-bbaf-0b186bb2c840,version:1.242,pinToTop:false,disableComments:false,publishedAt:2023-09-03T10:53:02Z},{id:ca5d58b7-8cd3-4810-bcad-b12a33772205,title:New test statistics added: Wilcoxon at AAR-level, CDA-T at CAAR-level,body:\u003Cp\u003EThis release adds two new test statistics, incl. corresponding p-values: \u003C\u002Fp\u003E\u003Cul\u003E\u003Cli\u003E\u003Cp\u003EWilcoxon at AAR-level\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003Cli\u003E\u003Cp\u003ECDA T at AAR-level\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003C\u002Ful\u003E,alias:wilcoxon-added-at-aar-level-printout-issue-resolved-and-cda-t-added-both-at-caar-level,tags:null,organisationId:2b6f2371-e893-497b-a58e-c4b0dcf89058,featuredLink:https:\u002F\u002Fwww.eventstudytools.com\u002Farc\u002Fupload,featuredLinkText:Try it out!,featuredImage:null,contributors:,projects:{id:d4a1efd8-06bd-4e06-bda7-47d519d4eac4,name:ARC \u002F AVC \u002F AVyC,description:Updates about the our abnormal effect calculators (AXC),meta:{}},categories:{id:783ec082-c277-4142-aa9b-9fc162f9027f,name:Enhancements,description:Small improvements made to EventStudyTools,theme:null,meta:{}},releaseNoteId:02c3f6c9-6cd4-4a5c-9c3b-eab8006a8269,version: 1.085,pinToTop:false,disableComments:true,publishedAt:2022-06-17T18:26:18Z},{id:7dbfb683-d15b-4599-b6cb-da2b42f5ae82,title:CAAR-level result printout issues resolved, p-values added for Sign Z,body:\u003Cp\u003EFor some data inputs\u002Fscenarios, our CAAR-level result report had missing values. \u003C\u002Fp\u003E\u003Cp\u003EWe resolved this printout issue. The new report now consistently displays results for Sign Z, StdCSect T, and Adjusted StdCSect T.\u003C\u002Fp\u003E\u003Cp\u003EFurther, we added the p-values for Sign Z, which were lacking so far.\u003C\u002Fp\u003E,alias:caar-level-result-prtinout-issues-resolved-p-values-added-for-sign-z,tags:null,organisationId:2b6f2371-e893-497b-a58e-c4b0dcf89058,featuredLink:https:\u002F\u002Fwww.eventstudytools.com\u002Farc\u002Fupload,featuredLinkText:Use ARC and see the updates!,featuredImage:null,contributors:,projects:{id:d4a1efd8-06bd-4e06-bda7-47d519d4eac4,name:ARC \u002F AVC \u002F AVyC,description:Updates about the our abnormal effect calculators (AXC),meta:{}},categories:{id:783ec082-c277-4142-aa9b-9fc162f9027f,name:Enhancements,description:Small improvements made to EventStudyTools,theme:null,meta:{}},releaseNoteId:45c994ff-a0de-453f-9a24-4035ac2c4351,version:1.079,pinToTop:false,disableComments:true,publishedAt:2022-06-05T08:37:24Z},{id:96c80daf-5ae6-4c23-8456-40c299398992,title:CATA and EDI relaunched,body:\u003Cp\u003EAvailable again to support you in innovative news analytics research studies!\u003C\u002Fp\u003E\u003Cp\u003EUse our Computer-Aided Text Analyzer (CATA) to identify the competitive moves described in corporate press releases. Locate the press releases\u002Fcompetitive moves in time with our regular expression-based Event Date Identifier (EDI). Publish innovative Strategy or Finance research with these capabilities, such as this article in the A+ journal Organization Science: \u003Ca target\_blank\ rel\noopener noreferrer nofollow\ href\https:\u002F\u002Fpubsonline.informs.org\u002Fdoi\u002F10.1287\u002Forsc.2017.1189\\u003Ehttps:\u002F\u002Fpubsonline.informs.org\u002Fdoi\u002F10.1287\u002Forsc.2017.1189\u003C\u002Fa\u003E\u003C\u002Fp\u003E,alias:cata-and-edi-relaunched,tags:null,organisationId:2b6f2371-e893-497b-a58e-c4b0dcf89058,featuredLink:https:\u002F\u002Fwww.eventstudytools.com\u002Finstructions-news-analytics,featuredLinkText:null,featuredImage:null,contributors:,projects:{id:be6cec73-05cb-4805-9f9a-f5b826ba66b6,name:CATA,description:,meta:{}},categories:,releaseNoteId:0d739650-1374-40d2-99d6-4283aa3536f8,version:null,pinToTop:false,disableComments:true,publishedAt:2022-01-21T19:27:39Z},{id:8920d5d4-688b-42e8-84de-35db34e0eb5d,title:Fama-French 5 Factor Model added,body:\u003Cp\u003EThis release adds a new expected return model for our abnormal return calculator (ARC):\u003C\u002Fp\u003E\u003Cul\u003E\u003Cli\u003E\u003Cp\u003EFama-Frenchs Five-Factor Model (FF5FM) with all corresponding test statistics\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003C\u002Ful\u003E\u003Cp\u003EFurther, housekeeping tasks were performed and an error in the file printout mechanism was fixed.\u003C\u002Fp\u003E,alias:fama-french-5-factor-model-added,tags:null,organisationId:2b6f2371-e893-497b-a58e-c4b0dcf89058,featuredLink:null,featuredLinkText:null,featuredImage:null,contributors:,projects:,categories:,releaseNoteId:da2c0bd4-9483-4eaf-b6f7-c88bd563dbbd,version:1.067,pinToTop:false,disableComments:true,publishedAt:2021-12-23T18:04:33Z},{id:e6466674-a2b4-453b-9f64-7f1f7187d612,title:CAPM added as expected return model and new sample data sets for all factor models,body:\u003Cp\u003EThis release adds a new expected return model for our abnormal return calculator (ARC):\u003C\u002Fp\u003E\u003Cul\u003E\u003Cli\u003E\u003Cp\u003ECapital Asset Pricing Model (CAPM) with all corresponding test statistics\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003C\u002Ful\u003E\u003Cp\u003EFurther, we worked on making our other factor models more accessible:\u003C\u002Fp\u003E\u003Cul\u003E\u003Cli\u003E\u003Cp\u003EFama–French three-factor model (FFM3)\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003Cli\u003E\u003Cp\u003ECarhart four-factor model (FFM4)\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003C\u002Ful\u003E\u003Cp\u003EYou find sample data sets for the \u003Ca target\_blank\ rel\noopener noreferrer nofollow\ href\https:\u002F\u002Fwww.eventstudytools.com\u002Fdownloads\u002Fsample_data_aarc_capm.zip\\u003ECAPM\u003C\u002Fa\u003E, \u003Ca target\_blank\ rel\noopener noreferrer nofollow\ href\https:\u002F\u002Fwww.eventstudytools.com\u002Fdownloads\u002Fsample_data_aarc_ffm3.zip\\u003EFFM3\u003C\u002Fa\u003E, and \u003Ca target\_blank\ rel\noopener noreferrer nofollow\ href\https:\u002F\u002Fwww.eventstudytools.com\u002Fdownloads\u002Fsample_data_aarc_ffm4.zip\\u003EFFM4 \u003C\u002Fa\u003Eon our \u003Ca target\_blank\ rel\noopener noreferrer nofollow\ href\https:\u002F\u002Fwww.eventstudytools.com\u002Finstructions-axc\\u003EARC instruction page\u003C\u002Fa\u003E.\u003C\u002Fp\u003E\u003Cp\u003EFinally, housekeeping tasks were performed and a bug in the printout mechanism was fixed that had shown values of 0 as empty cells.\u003C\u002Fp\u003E,alias:capm-benchmark-model,tags:null,organisationId:2b6f2371-e893-497b-a58e-c4b0dcf89058,featuredLink:null,featuredLinkText:null,featuredImage:null,contributors:,projects:{id:d4a1efd8-06bd-4e06-bda7-47d519d4eac4,name:ARC \u002F AVC \u002F AVyC,description:Updates about the our abnormal effect calculators (AXC),meta:{}},categories:{id:783ec082-c277-4142-aa9b-9fc162f9027f,name:Enhancements,description:Small improvements made to EventStudyTools,theme:null,meta:{}},releaseNoteId:c41dfd0f-c2ca-4e8b-af64-ec2fdf7823e5,version:1.059,pinToTop:false,disableComments:true,publishedAt:2021-12-04T07:27:03Z},{id:7b1e7f9a-145f-41e4-b67e-9d648de54855,title:New test statistic and another batch of p-values added to AAR- and CAAR-levels of ARC!,body:\u003Cp\u003EWith this release, we added the following test statistic to the abnormal return calculator (ARC):\u003C\u002Fp\u003E\u003Cul\u003E\u003Cli\u003E\u003Cp\u003ESign Z  (incl. P-Values) at AAR-level\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003C\u002Ful\u003E\u003Cp\u003EFurther, p-values (see \u003Ca target\_blank\ rel\noopener noreferrer nofollow\ href\https:\u002F\u002Fen.wikipedia.org\u002Fwiki\u002FP-value\\u003Ehttps:\u002F\u002Fen.wikipedia.org\u002Fwiki\u002FP-value\u003C\u002Fa\u003E) were added to the following set of test statistics of ARC:\u003C\u002Fp\u003E\u003Cul\u003E\u003Cli\u003E\u003Cp\u003EGeneralized Sign Z at AAR-level\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003Cli\u003E\u003Cp\u003ERank Z at AAR-level  and CAAR-level\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003Cli\u003E\u003Cp\u003EGeneralized Rank T at AAR-level and CAAR-level\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003Cli\u003E\u003Cp\u003EGeneralized Rank Z at AAR-level and CAAR-level\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003Cli\u003E\u003Cp\u003EPatell Z at CAAR-level\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003Cli\u003E\u003Cp\u003ECsect T at CAAR-level\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003Cli\u003E\u003Cp\u003EAdjusted Patel Z at CAAR-level\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003Cli\u003E\u003Cp\u003EAdjusted StdSect Z at CAAR-level\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003Cli\u003E\u003Cp\u003ESkewness Corrected T at CAAR-level\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003C\u002Ful\u003E,alias:v1045-release-note,tags:null,organisationId:2b6f2371-e893-497b-a58e-c4b0dcf89058,featuredLink:https:\u002F\u002Fwww.eventstudytools.com\u002Farc\u002Fupload,featuredLinkText:Check it out and use ARC!,featuredImage:null,contributors:,projects:{id:d4a1efd8-06bd-4e06-bda7-47d519d4eac4,name:ARC \u002F AVC \u002F AVyC,description:Updates about the our abnormal effect calculators (AXC),meta:{}},categories:,releaseNoteId:d6ee93ee-77d4-4f4a-bec1-2abefffd4a4e,version:v1.048,pinToTop:false,disableComments:true,publishedAt:2021-10-09T08:30:05Z},{id:5d6edcfa-af2c-410b-8000-47e38d64a991,title:New test statistic and various p-values added to AAR- and CAAR-levels of ARC!,body:\u003Cp\u003EWith this release, we added the following test statistic to the abnormal return calculator (ARC):\u003C\u002Fp\u003E\u003Cul\u003E\u003Cli\u003E\u003Cp\u003ECrude Dependence Adjustment Test at AAR-level\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003C\u002Ful\u003E\u003Cp\u003EFurther, p-values (see \u003Ca target\_blank\ rel\noopener noreferrer nofollow\ href\https:\u002F\u002Fen.wikipedia.org\u002Fwiki\u002FP-value\\u003Ehttps:\u002F\u002Fen.wikipedia.org\u002Fwiki\u002FP-value\u003C\u002Fa\u003E) were added to the following set of test statistics of ARC:\u003C\u002Fp\u003E\u003Cul\u003E\u003Cli\u003E\u003Cp\u003Et-tests at AR-level\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003Cli\u003E\u003Cp\u003Et-test at CAR-level\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003Cli\u003E\u003Cp\u003EPatell Z at AAR-level\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003Cli\u003E\u003Cp\u003ECross-Sectional Test at AAR-level\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003Cli\u003E\u003Cp\u003EStdCSect T at AAR-level\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003Cli\u003E\u003Cp\u003EAdjusted Patell Z at AAR-level\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003Cli\u003E\u003Cp\u003EAdjusted StdCSect T at AAR-level\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003Cli\u003E\u003Cp\u003ESkewness Corrected T at AAR-level\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003Cli\u003E\u003Cp\u003ECrude Dependence Adjustment Test at AAR-level\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003C\u002Ful\u003E,alias:v1026-release-note,tags:null,organisationId:2b6f2371-e893-497b-a58e-c4b0dcf89058,featuredLink:https:\u002F\u002Fwww.eventstudytools.com\u002Farc\u002Fupload,featuredLinkText:Check it out and use ARC!,featuredImage:null,contributors:,projects:{id:d4a1efd8-06bd-4e06-bda7-47d519d4eac4,name:ARC \u002F AVC \u002F AVyC,description:Updates about the our abnormal effect calculators (AXC),meta:{}},categories:{id:783ec082-c277-4142-aa9b-9fc162f9027f,name:Enhancements,description:Small improvements made to EventStudyTools,theme:null,meta:{}},releaseNoteId:ecb966d6-9092-4103-9c9f-42b50f870db9,version:v1.026,pinToTop:false,disableComments:true,publishedAt:2021-08-29T07:20:06Z},pageInfo:{page:1,perPage:10,totalPages:1,totalEntriesSize:8}},allCategories:{id:4561c651-6f97-41c8-bf93-f3928c09ccbc,name:Announcements,description:Major announcements for EventStudyTools,theme:null,meta:{}},{id:783ec082-c277-4142-aa9b-9fc162f9027f,name:Enhancements,description:Small improvements made to EventStudyTools,theme:null,meta:{}},{id:f929843b-311e-45e3-bf31-0c0677682f61,name:Bug Fixes,description:Bugs squashed and issues fixed at EventStudyTools,theme:null,meta:{}},allProjects:{id:a835d334-da6a-4934-b8b1-e5bf6cd45c35,name:Website,description:Updates about EventStudyToolss Website,meta:{}},{id:b95f66db-9bef-4ded-8418-2a5dfc2f35d2,name:R-Package,description:Updates about EventStudyToolss Web App,meta:{}},{id:d4a1efd8-06bd-4e06-bda7-47d519d4eac4,name:ARC \u002F AVC \u002F AVyC,description:Updates about the our abnormal effect calculators (AXC),meta:{}},{id:be6cec73-05cb-4805-9f9a-f5b826ba66b6,name:CATA,description:,meta:{}},{id:dcc356e8-7431-4085-b624-f1a4e908e33f,name:APIs,description:,meta:{}}},organisationStatus:success,isUserSubscribed:false,releases:{id:cd24f4ca-3a28-4e37-83d4-1ac3ce4c44a7,title:Estimation window shift for non-trading days that were set to shift,body:\u003Cp\u003EFix of estimation window shift in case of automatic event window shift due to non-trading days - moving estimation window by typically 1 or 2 days in its position. Marginal\u002Fnegligible impact on analysis results of events that took place on weekends and were set by the user to be auto-shifted as per GUI\u002FAPI option.\u003C\u002Fp\u003E,alias:estimation-window-shift-for-non-trading-days,tags:null,organisationId:2b6f2371-e893-497b-a58e-c4b0dcf89058,featuredLink:null,featuredLinkText:null,featuredImage:null,contributors:,projects:{id:d4a1efd8-06bd-4e06-bda7-47d519d4eac4,name:ARC \u002F AVC \u002F AVyC,description:Updates about the our abnormal effect calculators (AXC),meta:{}},categories:{id:f929843b-311e-45e3-bf31-0c0677682f61,name:Bug Fixes,description:Bugs squashed and issues fixed at EventStudyTools,theme:null,meta:{}},releaseNoteId:c4c0ed69-7cb3-4ad0-bbaf-0b186bb2c840,version:1.242,pinToTop:false,disableComments:false,publishedAt:2023-09-03T10:53:02Z},{id:ca5d58b7-8cd3-4810-bcad-b12a33772205,title:New test statistics added: Wilcoxon at AAR-level, CDA-T at CAAR-level,body:\u003Cp\u003EThis release adds two new test statistics, incl. corresponding p-values: \u003C\u002Fp\u003E\u003Cul\u003E\u003Cli\u003E\u003Cp\u003EWilcoxon at AAR-level\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003Cli\u003E\u003Cp\u003ECDA T at AAR-level\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003C\u002Ful\u003E,alias:wilcoxon-added-at-aar-level-printout-issue-resolved-and-cda-t-added-both-at-caar-level,tags:null,organisationId:2b6f2371-e893-497b-a58e-c4b0dcf89058,featuredLink:https:\u002F\u002Fwww.eventstudytools.com\u002Farc\u002Fupload,featuredLinkText:Try it out!,featuredImage:null,contributors:,projects:{id:d4a1efd8-06bd-4e06-bda7-47d519d4eac4,name:ARC \u002F AVC \u002F AVyC,description:Updates about the our abnormal effect calculators (AXC),meta:{}},categories:{id:783ec082-c277-4142-aa9b-9fc162f9027f,name:Enhancements,description:Small improvements made to EventStudyTools,theme:null,meta:{}},releaseNoteId:02c3f6c9-6cd4-4a5c-9c3b-eab8006a8269,version: 1.085,pinToTop:false,disableComments:true,publishedAt:2022-06-17T18:26:18Z},{id:7dbfb683-d15b-4599-b6cb-da2b42f5ae82,title:CAAR-level result printout issues resolved, p-values added for Sign Z,body:\u003Cp\u003EFor some data inputs\u002Fscenarios, our CAAR-level result report had missing values. \u003C\u002Fp\u003E\u003Cp\u003EWe resolved this printout issue. The new report now consistently displays results for Sign Z, StdCSect T, and Adjusted StdCSect T.\u003C\u002Fp\u003E\u003Cp\u003EFurther, we added the p-values for Sign Z, which were lacking so far.\u003C\u002Fp\u003E,alias:caar-level-result-prtinout-issues-resolved-p-values-added-for-sign-z,tags:null,organisationId:2b6f2371-e893-497b-a58e-c4b0dcf89058,featuredLink:https:\u002F\u002Fwww.eventstudytools.com\u002Farc\u002Fupload,featuredLinkText:Use ARC and see the updates!,featuredImage:null,contributors:,projects:{id:d4a1efd8-06bd-4e06-bda7-47d519d4eac4,name:ARC \u002F AVC \u002F AVyC,description:Updates about the our abnormal effect calculators (AXC),meta:{}},categories:{id:783ec082-c277-4142-aa9b-9fc162f9027f,name:Enhancements,description:Small improvements made to EventStudyTools,theme:null,meta:{}},releaseNoteId:45c994ff-a0de-453f-9a24-4035ac2c4351,version:1.079,pinToTop:false,disableComments:true,publishedAt:2022-06-05T08:37:24Z},{id:96c80daf-5ae6-4c23-8456-40c299398992,title:CATA and EDI relaunched,body:\u003Cp\u003EAvailable again to support you in innovative news analytics research studies!\u003C\u002Fp\u003E\u003Cp\u003EUse our Computer-Aided Text Analyzer (CATA) to identify the competitive moves described in corporate press releases. Locate the press releases\u002Fcompetitive moves in time with our regular expression-based Event Date Identifier (EDI). Publish innovative Strategy or Finance research with these capabilities, such as this article in the A+ journal Organization Science: \u003Ca target\_blank\ rel\noopener noreferrer nofollow\ href\https:\u002F\u002Fpubsonline.informs.org\u002Fdoi\u002F10.1287\u002Forsc.2017.1189\\u003Ehttps:\u002F\u002Fpubsonline.informs.org\u002Fdoi\u002F10.1287\u002Forsc.2017.1189\u003C\u002Fa\u003E\u003C\u002Fp\u003E,alias:cata-and-edi-relaunched,tags:null,organisationId:2b6f2371-e893-497b-a58e-c4b0dcf89058,featuredLink:https:\u002F\u002Fwww.eventstudytools.com\u002Finstructions-news-analytics,featuredLinkText:null,featuredImage:null,contributors:,projects:{id:be6cec73-05cb-4805-9f9a-f5b826ba66b6,name:CATA,description:,meta:{}},categories:,releaseNoteId:0d739650-1374-40d2-99d6-4283aa3536f8,version:null,pinToTop:false,disableComments:true,publishedAt:2022-01-21T19:27:39Z},{id:8920d5d4-688b-42e8-84de-35db34e0eb5d,title:Fama-French 5 Factor Model added,body:\u003Cp\u003EThis release adds a new expected return model for our abnormal return calculator (ARC):\u003C\u002Fp\u003E\u003Cul\u003E\u003Cli\u003E\u003Cp\u003EFama-Frenchs Five-Factor Model (FF5FM) with all corresponding test statistics\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003C\u002Ful\u003E\u003Cp\u003EFurther, housekeeping tasks were performed and an error in the file printout mechanism was fixed.\u003C\u002Fp\u003E,alias:fama-french-5-factor-model-added,tags:null,organisationId:2b6f2371-e893-497b-a58e-c4b0dcf89058,featuredLink:null,featuredLinkText:null,featuredImage:null,contributors:,projects:,categories:,releaseNoteId:da2c0bd4-9483-4eaf-b6f7-c88bd563dbbd,version:1.067,pinToTop:false,disableComments:true,publishedAt:2021-12-23T18:04:33Z},{id:e6466674-a2b4-453b-9f64-7f1f7187d612,title:CAPM added as expected return model and new sample data sets for all factor models,body:\u003Cp\u003EThis release adds a new expected return model for our abnormal return calculator (ARC):\u003C\u002Fp\u003E\u003Cul\u003E\u003Cli\u003E\u003Cp\u003ECapital Asset Pricing Model (CAPM) with all corresponding test statistics\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003C\u002Ful\u003E\u003Cp\u003EFurther, we worked on making our other factor models more accessible:\u003C\u002Fp\u003E\u003Cul\u003E\u003Cli\u003E\u003Cp\u003EFama–French three-factor model (FFM3)\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003Cli\u003E\u003Cp\u003ECarhart four-factor model (FFM4)\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003C\u002Ful\u003E\u003Cp\u003EYou find sample data sets for the \u003Ca target\_blank\ rel\noopener noreferrer nofollow\ href\https:\u002F\u002Fwww.eventstudytools.com\u002Fdownloads\u002Fsample_data_aarc_capm.zip\\u003ECAPM\u003C\u002Fa\u003E, \u003Ca target\_blank\ rel\noopener noreferrer nofollow\ href\https:\u002F\u002Fwww.eventstudytools.com\u002Fdownloads\u002Fsample_data_aarc_ffm3.zip\\u003EFFM3\u003C\u002Fa\u003E, and \u003Ca target\_blank\ rel\noopener noreferrer nofollow\ href\https:\u002F\u002Fwww.eventstudytools.com\u002Fdownloads\u002Fsample_data_aarc_ffm4.zip\\u003EFFM4 \u003C\u002Fa\u003Eon our \u003Ca target\_blank\ rel\noopener noreferrer nofollow\ href\https:\u002F\u002Fwww.eventstudytools.com\u002Finstructions-axc\\u003EARC instruction page\u003C\u002Fa\u003E.\u003C\u002Fp\u003E\u003Cp\u003EFinally, housekeeping tasks were performed and a bug in the printout mechanism was fixed that had shown values of 0 as empty cells.\u003C\u002Fp\u003E,alias:capm-benchmark-model,tags:null,organisationId:2b6f2371-e893-497b-a58e-c4b0dcf89058,featuredLink:null,featuredLinkText:null,featuredImage:null,contributors:,projects:{id:d4a1efd8-06bd-4e06-bda7-47d519d4eac4,name:ARC \u002F AVC \u002F AVyC,description:Updates about the our abnormal effect calculators (AXC),meta:{}},categories:{id:783ec082-c277-4142-aa9b-9fc162f9027f,name:Enhancements,description:Small improvements made to EventStudyTools,theme:null,meta:{}},releaseNoteId:c41dfd0f-c2ca-4e8b-af64-ec2fdf7823e5,version:1.059,pinToTop:false,disableComments:true,publishedAt:2021-12-04T07:27:03Z},{id:7b1e7f9a-145f-41e4-b67e-9d648de54855,title:New test statistic and another batch of p-values added to AAR- and CAAR-levels of ARC!,body:\u003Cp\u003EWith this release, we added the following test statistic to the abnormal return calculator (ARC):\u003C\u002Fp\u003E\u003Cul\u003E\u003Cli\u003E\u003Cp\u003ESign Z  (incl. P-Values) at AAR-level\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003C\u002Ful\u003E\u003Cp\u003EFurther, p-values (see \u003Ca target\_blank\ rel\noopener noreferrer nofollow\ href\https:\u002F\u002Fen.wikipedia.org\u002Fwiki\u002FP-value\\u003Ehttps:\u002F\u002Fen.wikipedia.org\u002Fwiki\u002FP-value\u003C\u002Fa\u003E) were added to the following set of test statistics of ARC:\u003C\u002Fp\u003E\u003Cul\u003E\u003Cli\u003E\u003Cp\u003EGeneralized Sign Z at AAR-level\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003Cli\u003E\u003Cp\u003ERank Z at AAR-level  and CAAR-level\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003Cli\u003E\u003Cp\u003EGeneralized Rank T at AAR-level and CAAR-level\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003Cli\u003E\u003Cp\u003EGeneralized Rank Z at AAR-level and CAAR-level\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003Cli\u003E\u003Cp\u003EPatell Z at CAAR-level\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003Cli\u003E\u003Cp\u003ECsect T at CAAR-level\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003Cli\u003E\u003Cp\u003EAdjusted Patel Z at CAAR-level\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003Cli\u003E\u003Cp\u003EAdjusted StdSect Z at CAAR-level\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003Cli\u003E\u003Cp\u003ESkewness Corrected T at CAAR-level\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003C\u002Ful\u003E,alias:v1045-release-note,tags:null,organisationId:2b6f2371-e893-497b-a58e-c4b0dcf89058,featuredLink:https:\u002F\u002Fwww.eventstudytools.com\u002Farc\u002Fupload,featuredLinkText:Check it out and use ARC!,featuredImage:null,contributors:,projects:{id:d4a1efd8-06bd-4e06-bda7-47d519d4eac4,name:ARC \u002F AVC \u002F AVyC,description:Updates about the our abnormal effect calculators (AXC),meta:{}},categories:,releaseNoteId:d6ee93ee-77d4-4f4a-bec1-2abefffd4a4e,version:v1.048,pinToTop:false,disableComments:true,publishedAt:2021-10-09T08:30:05Z},{id:5d6edcfa-af2c-410b-8000-47e38d64a991,title:New test statistic and various p-values added to AAR- and CAAR-levels of ARC!,body:\u003Cp\u003EWith this release, we added the following test statistic to the abnormal return calculator (ARC):\u003C\u002Fp\u003E\u003Cul\u003E\u003Cli\u003E\u003Cp\u003ECrude Dependence Adjustment Test at AAR-level\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003C\u002Ful\u003E\u003Cp\u003EFurther, p-values (see \u003Ca target\_blank\ rel\noopener noreferrer nofollow\ href\https:\u002F\u002Fen.wikipedia.org\u002Fwiki\u002FP-value\\u003Ehttps:\u002F\u002Fen.wikipedia.org\u002Fwiki\u002FP-value\u003C\u002Fa\u003E) were added to the following set of test statistics of ARC:\u003C\u002Fp\u003E\u003Cul\u003E\u003Cli\u003E\u003Cp\u003Et-tests at AR-level\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003Cli\u003E\u003Cp\u003Et-test at CAR-level\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003Cli\u003E\u003Cp\u003EPatell Z at AAR-level\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003Cli\u003E\u003Cp\u003ECross-Sectional Test at AAR-level\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003Cli\u003E\u003Cp\u003EStdCSect T at AAR-level\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003Cli\u003E\u003Cp\u003EAdjusted Patell Z at AAR-level\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003Cli\u003E\u003Cp\u003EAdjusted StdCSect T at AAR-level\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003Cli\u003E\u003Cp\u003ESkewness Corrected T at AAR-level\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003Cli\u003E\u003Cp\u003ECrude Dependence Adjustment Test at AAR-level\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003C\u002Ful\u003E,alias:v1026-release-note,tags:null,organisationId:2b6f2371-e893-497b-a58e-c4b0dcf89058,featuredLink:https:\u002F\u002Fwww.eventstudytools.com\u002Farc\u002Fupload,featuredLinkText:Check it out and use ARC!,featuredImage:null,contributors:,projects:{id:d4a1efd8-06bd-4e06-bda7-47d519d4eac4,name:ARC \u002F AVC \u002F AVyC,description:Updates about the our abnormal effect calculators (AXC),meta:{}},categories:{id:783ec082-c277-4142-aa9b-9fc162f9027f,name:Enhancements,description:Small improvements made to EventStudyTools,theme:null,meta:{}},releaseNoteId:ecb966d6-9092-4103-9c9f-42b50f870db9,version:v1.026,pinToTop:false,disableComments:true,publishedAt:2021-08-29T07:20:06Z},releasesPageInfo:{page:1,perPage:10,totalPages:1,totalEntriesSize:8},releasesMeta:null,releasesStatus:success,releasesLoadMoreStatus:,searchResults:,searchResultsPageInfo:{},searchResultsStatus:,releaseNote:null,releaseNoteStatus:,categories:{id:4561c651-6f97-41c8-bf93-f3928c09ccbc,name:Announcements,description:Major announcements for EventStudyTools,theme:null,meta:{}},{id:783ec082-c277-4142-aa9b-9fc162f9027f,name:Enhancements,description:Small improvements made to EventStudyTools,theme:null,meta:{}},{id:f929843b-311e-45e3-bf31-0c0677682f61,name:Bug Fixes,description:Bugs squashed and issues fixed at EventStudyTools,theme:null,meta:{}},categoriesPageInfo:undefined,categoriesMeta:null,categoriesStatus:success,projects:{id:a835d334-da6a-4934-b8b1-e5bf6cd45c35,name:Website,description:Updates about EventStudyToolss Website,meta:{}},{id:b95f66db-9bef-4ded-8418-2a5dfc2f35d2,name:R-Package,description:Updates about EventStudyToolss Web App,meta:{}},{id:d4a1efd8-06bd-4e06-bda7-47d519d4eac4,name:ARC \u002F AVC \u002F AVyC,description:Updates about the our abnormal effect calculators (AXC),meta:{}},{id:be6cec73-05cb-4805-9f9a-f5b826ba66b6,name:CATA,description:,meta:{}},{id:dcc356e8-7431-4085-b624-f1a4e908e33f,name:APIs,description:,meta:{}},projectsPageInfo:undefined,projectsMeta:null,projectsStatus:success,selectedProjects:,selectedCategories:,currentPage:1,searchText:,defaultLanguage:}}    /script>    div idapp>!---->!---->!---->main stylebackground:var(--olvy-background-color);font-family:var(--olvy-font-family); classmin-h-screen data-v-7c28588a>div idapp-container 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data-v-f779a423>!---->li data-testfilter-option classgroup flex items-center p-4 text-sm olvy-dropdown-menu-item stylemin-width:10rem;cursor:pointer; data-v-f779a423>label classinline-flex items-center w-full dropdown-option cursor-pointer data-v-f779a423>input data-testfilter-checkbox valuefalse typecheckbox classform-checkbox h-4 w-4 rounded style data-v-f779a423>span classml-2 data-v-f779a423>!---->Announcements!---->/span>/label>/li>li data-testfilter-option classgroup flex items-center p-4 text-sm olvy-dropdown-menu-item stylemin-width:10rem;cursor:pointer; data-v-f779a423>label classinline-flex items-center w-full dropdown-option cursor-pointer data-v-f779a423>input data-testfilter-checkbox valuefalse typecheckbox classform-checkbox h-4 w-4 rounded style data-v-f779a423>span classml-2 data-v-f779a423>!---->Enhancements!---->/span>/label>/li>li data-testfilter-option classgroup flex items-center p-4 text-sm olvy-dropdown-menu-item stylemin-width:10rem;cursor:pointer; data-v-f779a423>label classinline-flex items-center w-full dropdown-option cursor-pointer data-v-f779a423>input data-testfilter-checkbox valuefalse typecheckbox classform-checkbox h-4 w-4 rounded style data-v-f779a423>span classml-2 data-v-f779a423>!---->Bug Fixes!---->/span>/label>/li>!---->/ul>/div>div classdropdown inline-block relative data-testproject-filter data-v-c41fd7bd data-v-f779a423>button classdropdown-categories data-testfilter-button data-v-f779a423>span classmr-1 data-v-f779a423>Projects/span>!---->svg classw-6 h-6 fillcurrentColor viewBox0 0 20 20 xmlnshttp://www.w3.org/2000/svg data-v-f779a423>path fill-ruleevenodd dM5.293 7.293a1 1 0 011.414 0L10 10.586l3.293-3.293a1 1 0 111.414 1.414l-4 4a1 1 0 01-1.414 0l-4-4a1 1 0 010-1.414z clip-ruleevenodd data-v-f779a423>/path>/svg>/button>ul data-testfilter-option-list classhidden origin-top-right absolute right-0 mt-2 w-56 rounded-lg shadow-lg ring-1 ring-black ring-opacity-5 focus:outline-none olvy-dropdown-menu stylez-index:100;background-color:var(--olvy-background-color);color:var(--olvy-text-color);max-height:300px;overflow-y:auto; data-v-f779a423>!---->li data-testfilter-option classgroup flex items-center p-4 text-sm olvy-dropdown-menu-item stylemin-width:10rem;cursor:pointer; data-v-f779a423>label classinline-flex items-center w-full dropdown-option cursor-pointer data-v-f779a423>input data-testfilter-checkbox valuefalse typecheckbox classform-checkbox h-4 w-4 rounded style data-v-f779a423>span classml-2 data-v-f779a423>!---->Website!---->/span>/label>/li>li data-testfilter-option classgroup flex items-center p-4 text-sm olvy-dropdown-menu-item stylemin-width:10rem;cursor:pointer; data-v-f779a423>label classinline-flex items-center w-full dropdown-option cursor-pointer data-v-f779a423>input data-testfilter-checkbox valuefalse typecheckbox classform-checkbox h-4 w-4 rounded style data-v-f779a423>span classml-2 data-v-f779a423>!---->R-Package!---->/span>/label>/li>li data-testfilter-option classgroup flex items-center p-4 text-sm olvy-dropdown-menu-item stylemin-width:10rem;cursor:pointer; data-v-f779a423>label classinline-flex items-center w-full dropdown-option cursor-pointer data-v-f779a423>input data-testfilter-checkbox valuefalse typecheckbox classform-checkbox h-4 w-4 rounded style data-v-f779a423>span classml-2 data-v-f779a423>!---->ARC / AVC / AVyC!---->/span>/label>/li>li data-testfilter-option classgroup flex items-center p-4 text-sm olvy-dropdown-menu-item stylemin-width:10rem;cursor:pointer; 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classmax-w-6xl mx-auto py-6 px-6 data-v-c41fd7bd>div classrelease-activity-content mt-3 data-v-c41fd7bd>!---->div classflex justify-between gap-x-2 mt-4 ml-4 mr-4>div classflex gap-x-4>span classtext-sm text-blueGray-500>b>0/b> published releases /span>span classtext-sm text-blueGray-500>b>0 / 12/b> active months /span>span classtext-sm text-blueGray-500>b>~0/b> releases per month /span>/div>span classtext-sm text-blueGray-500>/span>/div>div classflex justify-center py-12>div classw-10 h-10 border-4 border-gray-300 border-t-pink-500 rounded-full animate-spin>/div>/div>div classflex justify-end items-center gap-x-2 mt-6 mr-4 text-xs text-gray-400 font-medium>span>Less/span>div classw-3 h-3 rounded-sm bg-#f1f2f4>/div>div classw-3 h-3 rounded-sm bg-#ffccd3>/div>div classw-3 h-3 rounded-sm bg-#ffa1ad>/div>div classw-3 h-3 rounded-sm bg-#ff637e>/div>span>More/span>/div>!---->!---->!---->/div>/div>/div>div data-testreleases-list classreleases-list stylebackground-color:var(--olvy-background-color); data-v-7c28588a>!---->div classpt-12 feed-card data-test-release-idc4c0ed69-7cb3-4ad0-bbaf-0b186bb2c840 data-test-release-live-idcd24f4ca-3a28-4e37-83d4-1ac3ce4c44a7 stylebackground:var(--olvy-background-color); data-v-7c28588a>div classmax-w-6xl mx-auto pl-6 pr-6 pb-16 data-testrelease-card data-v-7c28588a>!---->div>div classflex flex-row flex-wrap gap-2 mt-12>div classflex>!---->span classcategory-badge stylebackground-color: rgb(223, 223, 251); color: rgb(25, 28, 176)>Bug Fixes !---->!---->/span>!---->/div>div classflex>!---->span classproject-badge>ARC / AVC / AVyC !---->!---->/span>!---->/div>span classrelease-version>1.242/span>/div>div classrelease-card-title mt-4 mb-4>a href/estimation-window-shift-for-non-trading-days class data-testrelease-title-link>Estimation window shift for non-trading days that were set to shift/a>/div>div classrelative flex justify-start mb-6 date-text-wrapper>span classdate-text>3 September 2023/span>/div>!---->div class data-v-105cc0ab>div data-client-renderedfalse data-testrelease-note-body-content classrelease-note-body break-words data-v-105cc0ab>p>Fix of estimation window shift in case of automatic event window shift due to non-trading days - moving estimation window by typically 1 or 2 days in its position. Marginal/negligible impact on analysis results of events that took place on weekends and were set by the user to be auto-shifted as per GUI/API option./p>/div>!---->/div>div classpt-2>!---->/div>!---->div classflex justify-between>div>div data-testrelease-share-options>div classmt-4>p data-testshare-section-title stylecolor: var(--olvy-secondary-text-color)>Share/p>/div>div>div stylecolor: var(--olvy-secondary-text-color) classflex mt-4>a data-testrelease-share-twitter hrefhttps://twitter.com/intent/tweet?urlhttps%3A%2F%2Fnews.eventstudytools.com%2Festimation-window-shift-for-non-trading-days&textEstimation%20window%20shift%20for%20non-trading%20days%20that%20were%20set%20to%20shift target_blank classolvy-share-button olvy-share-button-twitter titleshare on twitter>svg classmr-2 width24 height24 viewBox0 0 24 24 fillcurrentColor xmlnshttp://www.w3.org/2000/svg>path fill-ruleevenodd clip-ruleevenodd dM23 2.99952C22.0424 3.675 20.9821 4.19163 19.86 4.52952C18.6264 3.11106 16.6384 2.61363 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24 24 fillcurrentColor xmlnshttp://www.w3.org/2000/svg>path dM10.8 2.40002C10.1635 2.40002 9.55303 2.65288 9.10294 3.10297C8.65285 3.55306 8.39999 4.1635 8.39999 4.80002V14.4C8.39999 15.0365 8.65285 15.647 9.10294 16.0971C9.55303 16.5472 10.1635 16.8 10.8 16.8H18C18.6365 16.8 19.247 16.5472 19.6971 16.0971C20.1471 15.647 20.4 15.0365 20.4 14.4V7.69682C20.3999 7.06036 20.1469 6.45001 19.6968 6.00002L16.8 3.10322C16.35 2.65311 15.7397 2.40016 15.1032 2.40002H10.8Z fillcurrentColor>/path>path dM3.60001 9.60001C3.60001 8.96349 3.85286 8.35304 4.30295 7.90296C4.75304 7.45287 5.36349 7.20001 6.00001 7.20001V19.2H15.6C15.6 19.8365 15.3471 20.447 14.8971 20.8971C14.447 21.3472 13.8365 21.6 13.2 21.6H6.00001C5.36349 21.6 4.75304 21.3472 4.30295 20.8971C3.85286 20.447 3.60001 19.8365 3.60001 19.2V9.60001Z fillcurrentColor>/path>/svg>/button>/div>/div>/div>/div>!---->/div>/div>!---->/div>/div>div classpt-12 feed-card data-test-release-id02c3f6c9-6cd4-4a5c-9c3b-eab8006a8269 data-test-release-live-idca5d58b7-8cd3-4810-bcad-b12a33772205 stylebackground:var(--olvy-background-color); data-v-7c28588a>div classmax-w-6xl mx-auto pl-6 pr-6 pb-16 data-testrelease-card data-v-7c28588a>!---->div>div classflex flex-row flex-wrap gap-2 mt-12>div classflex>!---->span classcategory-badge stylebackground-color: rgb(223, 223, 251); color: rgb(25, 28, 176)>Enhancements !---->!---->/span>!---->/div>div classflex>!---->span classproject-badge>ARC / AVC / AVyC !---->!---->/span>!---->/div>span classrelease-version> 1.085/span>/div>div classrelease-card-title mt-4 mb-4>a href/wilcoxon-added-at-aar-level-printout-issue-resolved-and-cda-t-added-both-at-caar-level class data-testrelease-title-link>New test statistics added: Wilcoxon at AAR-level, CDA-T at CAAR-level/a>/div>div classrelative flex justify-start mb-6 date-text-wrapper>span classdate-text>17 June 2022/span>/div>!---->div class data-v-105cc0ab>div data-client-renderedfalse data-testrelease-note-body-content classrelease-note-body break-words data-v-105cc0ab>p>This release adds two new test statistics, incl. corresponding p-values: /p>ul>li>p>Wilcoxon at AAR-level/p>/li>li>p>CDA T at AAR-level/p>/li>/ul>/div>!---->/div>div classpt-2>button data-testrelease-featured-link classbtn-primary-cta inline-flex my-8 stylebackground-color:var(--olvy-brand-color);>Try it out! svg classw-6 h-6 ml-4 fillcurrentColor viewBox0 0 20 20 xmlnshttp://www.w3.org/2000/svg>path fill-ruleevenodd dM7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z clip-ruleevenodd>/path>/svg>/button>/div>!---->div classflex justify-between>div>div data-testrelease-share-options>div classmt-4>p data-testshare-section-title stylecolor: var(--olvy-secondary-text-color)>Share/p>/div>div>div stylecolor: var(--olvy-secondary-text-color) classflex mt-4>a data-testrelease-share-twitter 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19.6971 16.0971C20.1471 15.647 20.4 15.0365 20.4 14.4V7.69682C20.3999 7.06036 20.1469 6.45001 19.6968 6.00002L16.8 3.10322C16.35 2.65311 15.7397 2.40016 15.1032 2.40002H10.8Z fillcurrentColor>/path>path dM3.60001 9.60001C3.60001 8.96349 3.85286 8.35304 4.30295 7.90296C4.75304 7.45287 5.36349 7.20001 6.00001 7.20001V19.2H15.6C15.6 19.8365 15.3471 20.447 14.8971 20.8971C14.447 21.3472 13.8365 21.6 13.2 21.6H6.00001C5.36349 21.6 4.75304 21.3472 4.30295 20.8971C3.85286 20.447 3.60001 19.8365 3.60001 19.2V9.60001Z fillcurrentColor>/path>/svg>/button>/div>/div>/div>/div>!---->/div>/div>!---->/div>/div>div classpt-12 feed-card data-test-release-id45c994ff-a0de-453f-9a24-4035ac2c4351 data-test-release-live-id7dbfb683-d15b-4599-b6cb-da2b42f5ae82 stylebackground:var(--olvy-background-color); data-v-7c28588a>div classmax-w-6xl mx-auto pl-6 pr-6 pb-16 data-testrelease-card data-v-7c28588a>!---->div>div classflex flex-row flex-wrap gap-2 mt-12>div classflex>!---->span classcategory-badge stylebackground-color: rgb(223, 223, 251); color: rgb(25, 28, 176)>Enhancements !---->!---->/span>!---->/div>div classflex>!---->span classproject-badge>ARC / AVC / AVyC !---->!---->/span>!---->/div>span classrelease-version>1.079/span>/div>div classrelease-card-title mt-4 mb-4>a href/caar-level-result-prtinout-issues-resolved-p-values-added-for-sign-z class data-testrelease-title-link>CAAR-level result printout issues resolved, p-values added for Sign Z/a>/div>div classrelative flex justify-start mb-6 date-text-wrapper>span classdate-text>5 June 2022/span>/div>!---->div class data-v-105cc0ab>div data-client-renderedfalse data-testrelease-note-body-content classrelease-note-body break-words data-v-105cc0ab>p>For some data inputs/scenarios, our CAAR-level result report had missing values. /p>p>We resolved this printout issue. The new report now consistently displays results for Sign Z, StdCSect T, and Adjusted StdCSect T./p>p>Further, we added the p-values for Sign Z, which were lacking so far./p>/div>!---->/div>div classpt-2>button data-testrelease-featured-link classbtn-primary-cta inline-flex my-8 stylebackground-color:var(--olvy-brand-color);>Use ARC and see the updates! svg classw-6 h-6 ml-4 fillcurrentColor viewBox0 0 20 20 xmlnshttp://www.w3.org/2000/svg>path fill-ruleevenodd dM7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z clip-ruleevenodd>/path>/svg>/button>/div>!---->div classflex justify-between>div>div data-testrelease-share-options>div classmt-4>p data-testshare-section-title stylecolor: var(--olvy-secondary-text-color)>Share/p>/div>div>div stylecolor: var(--olvy-secondary-text-color) classflex mt-4>a data-testrelease-share-twitter hrefhttps://twitter.com/intent/tweet?urlhttps%3A%2F%2Fnews.eventstudytools.com%2Fcaar-level-result-prtinout-issues-resolved-p-values-added-for-sign-z&textCAAR-level%20result%20printout%20issues%20resolved%2C%20p-values%20added%20for%20Sign%20Z target_blank classolvy-share-button olvy-share-button-twitter titleshare on twitter>svg classmr-2 width24 height24 viewBox0 0 24 24 fillcurrentColor xmlnshttp://www.w3.org/2000/svg>path fill-ruleevenodd clip-ruleevenodd dM23 2.99952C22.0424 3.675 20.9821 4.19163 19.86 4.52952C18.6264 3.11106 16.6384 2.61363 14.8821 3.28397C13.1258 3.95431 11.9748 5.64982 12 7.52952V8.52952C8.43067 8.62207 5.05203 6.92149 3 3.99952C3 3.99952 -1 12.9995 8 16.9995C5.94053 18.3975 3.48716 19.0984 1 18.9995C10 23.9995 21 18.9995 21 7.49952C20.9991 7.22097 20.9723 6.94311 20.92 6.66952C21.9406 5.66301 22.6608 4.39223 23 2.99952Z fillcurrentColor>/path>/svg>/a>a data-testrelease-share-linkedin hrefhttp://www.linkedin.com/shareArticle?minitrue&urlhttps%3A%2F%2Fnews.eventstudytools.com%2Fcaar-level-result-prtinout-issues-resolved-p-values-added-for-sign-z&titleCAAR-level%20result%20printout%20issues%20resolved%2C%20p-values%20added%20for%20Sign%20Z target_blank titleshare on linkedin classolvy-share-button olvy-share-button-linkedin>svg classmr-2 width24 height24 viewBox0 0 24 24 fillcurrentColor xmlnshttp://www.w3.org/2000/svg>path dM16 8C17.5913 8 19.1174 8.63214 20.2426 9.75736C21.3679 10.8826 22 12.4087 22 14V21H18V14C18 13.4696 17.7893 12.9609 17.4142 12.5858C17.0391 12.2107 16.5304 12 16 12C15.4696 12 14.9609 12.2107 14.5858 12.5858C14.2107 12.9609 14 13.4696 14 14V21H10V14C10 12.4087 10.6321 10.8826 11.7574 9.75736C12.8826 8.63214 14.4087 8 16 8Z fillcurrentColor>/path>path dM6 9H2V21H6V9Z fillcurrentColor>/path>path dM4 6C5.10457 6 6 5.10457 6 4C6 2.89543 5.10457 2 4 2C2.89543 2 2 2.89543 2 4C2 5.10457 2.89543 6 4 6Z fillcurrentColor>/path>/svg>/a>a data-testrelease-share-facebook hrefhttps://www.facebook.com/sharer/sharer.php?uhttps%3A%2F%2Fnews.eventstudytools.com%2Fcaar-level-result-prtinout-issues-resolved-p-values-added-for-sign-z target_blank titleshare on facebook classolvy-share-button olvy-share-button-facebook>svg classmr-2 width24 height24 viewBox0 0 24 24 fillcurrentColor xmlnshttp://www.w3.org/2000/svg>path fill-ruleevenodd clip-ruleevenodd dM17 2H14C11.2386 2 9 4.23858 9 7V10H6V14H9V22H13V14H16L17 10H13V7C13 6.44772 13.4477 6 14 6H17V2Z fillcurrentColor>/path>/svg>/a>button classolvy-share-button olvy-share-button-copy data-testrelease-share-copy typebutton titlecopy link>svg classmr-2 width24 height24 viewBox0 0 24 24 fillcurrentColor xmlnshttp://www.w3.org/2000/svg>path dM10.8 2.40002C10.1635 2.40002 9.55303 2.65288 9.10294 3.10297C8.65285 3.55306 8.39999 4.1635 8.39999 4.80002V14.4C8.39999 15.0365 8.65285 15.647 9.10294 16.0971C9.55303 16.5472 10.1635 16.8 10.8 16.8H18C18.6365 16.8 19.247 16.5472 19.6971 16.0971C20.1471 15.647 20.4 15.0365 20.4 14.4V7.69682C20.3999 7.06036 20.1469 6.45001 19.6968 6.00002L16.8 3.10322C16.35 2.65311 15.7397 2.40016 15.1032 2.40002H10.8Z fillcurrentColor>/path>path dM3.60001 9.60001C3.60001 8.96349 3.85286 8.35304 4.30295 7.90296C4.75304 7.45287 5.36349 7.20001 6.00001 7.20001V19.2H15.6C15.6 19.8365 15.3471 20.447 14.8971 20.8971C14.447 21.3472 13.8365 21.6 13.2 21.6H6.00001C5.36349 21.6 4.75304 21.3472 4.30295 20.8971C3.85286 20.447 3.60001 19.8365 3.60001 19.2V9.60001Z fillcurrentColor>/path>/svg>/button>/div>/div>/div>/div>!---->/div>/div>!---->/div>/div>div classpt-12 feed-card data-test-release-id0d739650-1374-40d2-99d6-4283aa3536f8 data-test-release-live-id96c80daf-5ae6-4c23-8456-40c299398992 stylebackground:var(--olvy-background-color); data-v-7c28588a>div classmax-w-6xl mx-auto pl-6 pr-6 pb-16 data-testrelease-card data-v-7c28588a>!---->div>div classflex flex-row flex-wrap gap-2 mt-12>!---->div classflex>!---->span classproject-badge>CATA !---->!---->/span>!---->/div>!---->/div>div classrelease-card-title mt-4 mb-4>a href/cata-and-edi-relaunched class data-testrelease-title-link>CATA and EDI relaunched/a>/div>div classrelative flex justify-start mb-6 date-text-wrapper>span classdate-text>21 January 2022/span>/div>!---->div class data-v-105cc0ab>div data-client-renderedfalse data-testrelease-note-body-content classrelease-note-body break-words data-v-105cc0ab>p>Available again to support you in innovative news analytics research studies!/p>p>Use our Computer-Aided Text Analyzer (CATA) to identify the competitive moves described in corporate press releases. Locate the press releases/competitive moves in time with our regular expression-based Event Date Identifier (EDI). Publish innovative Strategy or Finance research with these capabilities, such as this article in the A+ journal Organization Science: a target_blank relnoopener noreferrer nofollow hrefhttps://pubsonline.informs.org/doi/10.1287/orsc.2017.1189>https://pubsonline.informs.org/doi/10.1287/orsc.2017.1189/a>/p>/div>!---->/div>div classpt-2>button data-testrelease-featured-link classbtn-primary-cta inline-flex my-8 stylebackground-color:var(--olvy-brand-color);>Check it out svg classw-6 h-6 ml-4 fillcurrentColor viewBox0 0 20 20 xmlnshttp://www.w3.org/2000/svg>path fill-ruleevenodd dM7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z clip-ruleevenodd>/path>/svg>/button>/div>!---->div classflex justify-between>div>div data-testrelease-share-options>div classmt-4>p data-testshare-section-title stylecolor: var(--olvy-secondary-text-color)>Share/p>/div>div>div stylecolor: var(--olvy-secondary-text-color) classflex mt-4>a 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19.6968 6.00002L16.8 3.10322C16.35 2.65311 15.7397 2.40016 15.1032 2.40002H10.8Z fillcurrentColor>/path>path dM3.60001 9.60001C3.60001 8.96349 3.85286 8.35304 4.30295 7.90296C4.75304 7.45287 5.36349 7.20001 6.00001 7.20001V19.2H15.6C15.6 19.8365 15.3471 20.447 14.8971 20.8971C14.447 21.3472 13.8365 21.6 13.2 21.6H6.00001C5.36349 21.6 4.75304 21.3472 4.30295 20.8971C3.85286 20.447 3.60001 19.8365 3.60001 19.2V9.60001Z fillcurrentColor>/path>/svg>/button>/div>/div>/div>/div>!---->/div>/div>!---->/div>/div>div classpt-12 feed-card data-test-release-idda2c0bd4-9483-4eaf-b6f7-c88bd563dbbd data-test-release-live-id8920d5d4-688b-42e8-84de-35db34e0eb5d stylebackground:var(--olvy-background-color); data-v-7c28588a>div classmax-w-6xl mx-auto pl-6 pr-6 pb-16 data-testrelease-card data-v-7c28588a>!---->div>div classflex flex-row flex-wrap gap-2 mt-12>!---->!---->span classrelease-version>1.067/span>/div>div classrelease-card-title mt-4 mb-4>a href/fama-french-5-factor-model-added class data-testrelease-title-link>Fama-French 5 Factor Model added/a>/div>div classrelative flex justify-start mb-6 date-text-wrapper>span classdate-text>23 December 2021/span>/div>!---->div class data-v-105cc0ab>div data-client-renderedfalse data-testrelease-note-body-content classrelease-note-body break-words data-v-105cc0ab>p>This release adds a new expected return model for our abnormal return calculator (ARC):/p>ul>li>p>Fama-Frenchs Five-Factor Model (FF5FM) with all corresponding test statistics/p>/li>/ul>p>Further, housekeeping tasks were performed and an error in the file printout mechanism was fixed./p>/div>!---->/div>div classpt-2>!---->/div>!---->div classflex justify-between>div>div data-testrelease-share-options>div classmt-4>p data-testshare-section-title stylecolor: var(--olvy-secondary-text-color)>Share/p>/div>div>div stylecolor: var(--olvy-secondary-text-color) classflex mt-4>a data-testrelease-share-twitter 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6.45001 19.6968 6.00002L16.8 3.10322C16.35 2.65311 15.7397 2.40016 15.1032 2.40002H10.8Z fillcurrentColor>/path>path dM3.60001 9.60001C3.60001 8.96349 3.85286 8.35304 4.30295 7.90296C4.75304 7.45287 5.36349 7.20001 6.00001 7.20001V19.2H15.6C15.6 19.8365 15.3471 20.447 14.8971 20.8971C14.447 21.3472 13.8365 21.6 13.2 21.6H6.00001C5.36349 21.6 4.75304 21.3472 4.30295 20.8971C3.85286 20.447 3.60001 19.8365 3.60001 19.2V9.60001Z fillcurrentColor>/path>/svg>/button>/div>/div>/div>/div>!---->/div>/div>!---->/div>/div>div classpt-12 feed-card data-test-release-idc41dfd0f-c2ca-4e8b-af64-ec2fdf7823e5 data-test-release-live-ide6466674-a2b4-453b-9f64-7f1f7187d612 stylebackground:var(--olvy-background-color); data-v-7c28588a>div classmax-w-6xl mx-auto pl-6 pr-6 pb-16 data-testrelease-card data-v-7c28588a>!---->div>div classflex flex-row flex-wrap gap-2 mt-12>div classflex>!---->span classcategory-badge stylebackground-color: rgb(223, 223, 251); color: rgb(25, 28, 176)>Enhancements !---->!---->/span>!---->/div>div classflex>!---->span classproject-badge>ARC / AVC / AVyC !---->!---->/span>!---->/div>span classrelease-version>1.059/span>/div>div classrelease-card-title mt-4 mb-4>a href/capm-benchmark-model class data-testrelease-title-link>CAPM added as expected return model and new sample data sets for all factor models/a>/div>div classrelative flex justify-start mb-6 date-text-wrapper>span classdate-text>4 December 2021/span>/div>!---->div class data-v-105cc0ab>div data-client-renderedfalse data-testrelease-note-body-content classrelease-note-body break-words data-v-105cc0ab>p>This release adds a new expected return model for our abnormal return calculator (ARC):/p>ul>li>p>Capital Asset Pricing Model (CAPM) with all corresponding test statistics/p>/li>/ul>p>Further, we worked on making our other factor models more accessible:/p>ul>li>p>Fama–French three-factor model (FFM3)/p>/li>li>p>Carhart four-factor model (FFM4)/p>/li>/ul>p>You find sample data sets for the a target_blank relnoopener noreferrer nofollow hrefhttps://www.eventstudytools.com/downloads/sample_data_aarc_capm.zip>CAPM/a>, a target_blank relnoopener noreferrer nofollow hrefhttps://www.eventstudytools.com/downloads/sample_data_aarc_ffm3.zip>FFM3/a>, and a target_blank relnoopener noreferrer nofollow hrefhttps://www.eventstudytools.com/downloads/sample_data_aarc_ffm4.zip>FFM4 /a>on our a target_blank relnoopener noreferrer nofollow hrefhttps://www.eventstudytools.com/instructions-axc>ARC instruction page/a>./p>p>Finally, housekeeping tasks were performed and a bug in the printout mechanism was fixed that had shown values of 0 as empty cells./p>/div>!---->/div>div classpt-2>!---->/div>!---->div classflex justify-between>div>div data-testrelease-share-options>div classmt-4>p data-testshare-section-title stylecolor: var(--olvy-secondary-text-color)>Share/p>/div>div>div stylecolor: var(--olvy-secondary-text-color) classflex mt-4>a data-testrelease-share-twitter 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hrefhttps://www.facebook.com/sharer/sharer.php?uhttps%3A%2F%2Fnews.eventstudytools.com%2Fcapm-benchmark-model target_blank titleshare on facebook classolvy-share-button olvy-share-button-facebook>svg classmr-2 width24 height24 viewBox0 0 24 24 fillcurrentColor xmlnshttp://www.w3.org/2000/svg>path fill-ruleevenodd clip-ruleevenodd dM17 2H14C11.2386 2 9 4.23858 9 7V10H6V14H9V22H13V14H16L17 10H13V7C13 6.44772 13.4477 6 14 6H17V2Z fillcurrentColor>/path>/svg>/a>button classolvy-share-button olvy-share-button-copy data-testrelease-share-copy typebutton titlecopy link>svg classmr-2 width24 height24 viewBox0 0 24 24 fillcurrentColor xmlnshttp://www.w3.org/2000/svg>path dM10.8 2.40002C10.1635 2.40002 9.55303 2.65288 9.10294 3.10297C8.65285 3.55306 8.39999 4.1635 8.39999 4.80002V14.4C8.39999 15.0365 8.65285 15.647 9.10294 16.0971C9.55303 16.5472 10.1635 16.8 10.8 16.8H18C18.6365 16.8 19.247 16.5472 19.6971 16.0971C20.1471 15.647 20.4 15.0365 20.4 14.4V7.69682C20.3999 7.06036 20.1469 6.45001 19.6968 6.00002L16.8 3.10322C16.35 2.65311 15.7397 2.40016 15.1032 2.40002H10.8Z fillcurrentColor>/path>path dM3.60001 9.60001C3.60001 8.96349 3.85286 8.35304 4.30295 7.90296C4.75304 7.45287 5.36349 7.20001 6.00001 7.20001V19.2H15.6C15.6 19.8365 15.3471 20.447 14.8971 20.8971C14.447 21.3472 13.8365 21.6 13.2 21.6H6.00001C5.36349 21.6 4.75304 21.3472 4.30295 20.8971C3.85286 20.447 3.60001 19.8365 3.60001 19.2V9.60001Z fillcurrentColor>/path>/svg>/button>/div>/div>/div>/div>!---->/div>/div>!---->/div>/div>div classpt-12 feed-card data-test-release-idd6ee93ee-77d4-4f4a-bec1-2abefffd4a4e data-test-release-live-id7b1e7f9a-145f-41e4-b67e-9d648de54855 stylebackground:var(--olvy-background-color); data-v-7c28588a>div classmax-w-6xl mx-auto pl-6 pr-6 pb-16 data-testrelease-card data-v-7c28588a>!---->div>div classflex flex-row flex-wrap gap-2 mt-12>!---->div classflex>!---->span classproject-badge>ARC / AVC / AVyC !---->!---->/span>!---->/div>span classrelease-version>v1.048/span>/div>div classrelease-card-title mt-4 mb-4>a href/v1045-release-note class data-testrelease-title-link>New test statistic and another batch of p-values added to AAR- and CAAR-levels of ARC!/a>/div>div classrelative flex justify-start mb-6 date-text-wrapper>span classdate-text>9 October 2021/span>/div>!---->div class data-v-105cc0ab>div data-client-renderedfalse data-testrelease-note-body-content classrelease-note-body break-words data-v-105cc0ab>p>With this release, we added the following test statistic to the abnormal return calculator (ARC):/p>ul>li>p>Sign Z  (incl. P-Values) at AAR-level/p>/li>/ul>p>Further, p-values (see a target_blank relnoopener noreferrer nofollow hrefhttps://en.wikipedia.org/wiki/P-value>https://en.wikipedia.org/wiki/P-value/a>) were added to the following set of test statistics of ARC:/p>ul>li>p>Generalized Sign Z at AAR-level/p>/li>li>p>Rank Z at AAR-level  and CAAR-level/p>/li>li>p>Generalized Rank T at AAR-level and CAAR-level/p>/li>li>p>Generalized Rank Z at AAR-level and CAAR-level/p>/li>li>p>Patell Z at CAAR-level/p>/li>li>p>Csect T at CAAR-level/p>/li>li>p>Adjusted Patel Z at CAAR-level/p>/li>li>p>Adjusted StdSect Z at CAAR-level/p>/li>li>p>Skewness Corrected T at CAAR-level/p>/li>/ul>/div>!---->/div>div classpt-2>button data-testrelease-featured-link classbtn-primary-cta inline-flex my-8 stylebackground-color:var(--olvy-brand-color);>Check it out and use ARC! svg classw-6 h-6 ml-4 fillcurrentColor viewBox0 0 20 20 xmlnshttp://www.w3.org/2000/svg>path fill-ruleevenodd dM7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z clip-ruleevenodd>/path>/svg>/button>/div>!---->div classflex justify-between>div>div data-testrelease-share-options>div classmt-4>p data-testshare-section-title stylecolor: var(--olvy-secondary-text-color)>Share/p>/div>div>div stylecolor: var(--olvy-secondary-text-color) classflex mt-4>a data-testrelease-share-twitter hrefhttps://twitter.com/intent/tweet?urlhttps%3A%2F%2Fnews.eventstudytools.com%2Fv1045-release-note&textNew%20test%20statistic%20and%20another%20batch%20of%20p-values%20added%20to%20AAR-%20and%20CAAR-levels%20of%20ARC! target_blank classolvy-share-button olvy-share-button-twitter titleshare on twitter>svg classmr-2 width24 height24 viewBox0 0 24 24 fillcurrentColor xmlnshttp://www.w3.org/2000/svg>path fill-ruleevenodd clip-ruleevenodd dM23 2.99952C22.0424 3.675 20.9821 4.19163 19.86 4.52952C18.6264 3.11106 16.6384 2.61363 14.8821 3.28397C13.1258 3.95431 11.9748 5.64982 12 7.52952V8.52952C8.43067 8.62207 5.05203 6.92149 3 3.99952C3 3.99952 -1 12.9995 8 16.9995C5.94053 18.3975 3.48716 19.0984 1 18.9995C10 23.9995 21 18.9995 21 7.49952C20.9991 7.22097 20.9723 6.94311 20.92 6.66952C21.9406 5.66301 22.6608 4.39223 23 2.99952Z fillcurrentColor>/path>/svg>/a>a data-testrelease-share-linkedin hrefhttp://www.linkedin.com/shareArticle?minitrue&urlhttps%3A%2F%2Fnews.eventstudytools.com%2Fv1045-release-note&titleNew%20test%20statistic%20and%20another%20batch%20of%20p-values%20added%20to%20AAR-%20and%20CAAR-levels%20of%20ARC! target_blank titleshare on linkedin classolvy-share-button olvy-share-button-linkedin>svg classmr-2 width24 height24 viewBox0 0 24 24 fillcurrentColor xmlnshttp://www.w3.org/2000/svg>path dM16 8C17.5913 8 19.1174 8.63214 20.2426 9.75736C21.3679 10.8826 22 12.4087 22 14V21H18V14C18 13.4696 17.7893 12.9609 17.4142 12.5858C17.0391 12.2107 16.5304 12 16 12C15.4696 12 14.9609 12.2107 14.5858 12.5858C14.2107 12.9609 14 13.4696 14 14V21H10V14C10 12.4087 10.6321 10.8826 11.7574 9.75736C12.8826 8.63214 14.4087 8 16 8Z fillcurrentColor>/path>path dM6 9H2V21H6V9Z fillcurrentColor>/path>path dM4 6C5.10457 6 6 5.10457 6 4C6 2.89543 5.10457 2 4 2C2.89543 2 2 2.89543 2 4C2 5.10457 2.89543 6 4 6Z fillcurrentColor>/path>/svg>/a>a data-testrelease-share-facebook hrefhttps://www.facebook.com/sharer/sharer.php?uhttps%3A%2F%2Fnews.eventstudytools.com%2Fv1045-release-note target_blank titleshare on facebook classolvy-share-button olvy-share-button-facebook>svg classmr-2 width24 height24 viewBox0 0 24 24 fillcurrentColor xmlnshttp://www.w3.org/2000/svg>path fill-ruleevenodd clip-ruleevenodd dM17 2H14C11.2386 2 9 4.23858 9 7V10H6V14H9V22H13V14H16L17 10H13V7C13 6.44772 13.4477 6 14 6H17V2Z fillcurrentColor>/path>/svg>/a>button classolvy-share-button olvy-share-button-copy data-testrelease-share-copy typebutton titlecopy link>svg classmr-2 width24 height24 viewBox0 0 24 24 fillcurrentColor xmlnshttp://www.w3.org/2000/svg>path dM10.8 2.40002C10.1635 2.40002 9.55303 2.65288 9.10294 3.10297C8.65285 3.55306 8.39999 4.1635 8.39999 4.80002V14.4C8.39999 15.0365 8.65285 15.647 9.10294 16.0971C9.55303 16.5472 10.1635 16.8 10.8 16.8H18C18.6365 16.8 19.247 16.5472 19.6971 16.0971C20.1471 15.647 20.4 15.0365 20.4 14.4V7.69682C20.3999 7.06036 20.1469 6.45001 19.6968 6.00002L16.8 3.10322C16.35 2.65311 15.7397 2.40016 15.1032 2.40002H10.8Z fillcurrentColor>/path>path dM3.60001 9.60001C3.60001 8.96349 3.85286 8.35304 4.30295 7.90296C4.75304 7.45287 5.36349 7.20001 6.00001 7.20001V19.2H15.6C15.6 19.8365 15.3471 20.447 14.8971 20.8971C14.447 21.3472 13.8365 21.6 13.2 21.6H6.00001C5.36349 21.6 4.75304 21.3472 4.30295 20.8971C3.85286 20.447 3.60001 19.8365 3.60001 19.2V9.60001Z fillcurrentColor>/path>/svg>/button>/div>/div>/div>/div>!---->/div>/div>!---->/div>/div>div classpt-12 feed-card data-test-release-idecb966d6-9092-4103-9c9f-42b50f870db9 data-test-release-live-id5d6edcfa-af2c-410b-8000-47e38d64a991 stylebackground:var(--olvy-background-color); data-v-7c28588a>div classmax-w-6xl mx-auto pl-6 pr-6 pb-16 data-testrelease-card data-v-7c28588a>!---->div>div classflex flex-row flex-wrap gap-2 mt-12>div classflex>!---->span classcategory-badge stylebackground-color: rgb(223, 223, 251); color: rgb(25, 28, 176)>Enhancements !---->!---->/span>!---->/div>div classflex>!---->span classproject-badge>ARC / AVC / AVyC !---->!---->/span>!---->/div>span classrelease-version>v1.026/span>/div>div classrelease-card-title mt-4 mb-4>a href/v1026-release-note class data-testrelease-title-link>New test statistic and various p-values added to AAR- and CAAR-levels of ARC!/a>/div>div classrelative flex justify-start mb-6 date-text-wrapper>span classdate-text>29 August 2021/span>/div>!---->div class data-v-105cc0ab>div data-client-renderedfalse data-testrelease-note-body-content classrelease-note-body break-words data-v-105cc0ab>p>With this release, we added the following test statistic to the abnormal return calculator (ARC):/p>ul>li>p>Crude Dependence Adjustment Test at AAR-level/p>/li>/ul>p>Further, p-values (see a target_blank relnoopener noreferrer nofollow hrefhttps://en.wikipedia.org/wiki/P-value>https://en.wikipedia.org/wiki/P-value/a>) were added to the following set of test statistics of ARC:/p>ul>li>p>t-tests at AR-level/p>/li>li>p>t-test at CAR-level/p>/li>li>p>Patell Z at AAR-level/p>/li>li>p>Cross-Sectional Test at AAR-level/p>/li>li>p>StdCSect T at AAR-level/p>/li>li>p>Adjusted Patell Z at AAR-level/p>/li>li>p>Adjusted StdCSect T at AAR-level/p>/li>li>p>Skewness Corrected T at AAR-level/p>/li>li>p>Crude Dependence Adjustment Test at AAR-level/p>/li>/ul>/div>!---->/div>div classpt-2>button data-testrelease-featured-link classbtn-primary-cta inline-flex my-8 stylebackground-color:var(--olvy-brand-color);>Check it out and use ARC! svg classw-6 h-6 ml-4 fillcurrentColor viewBox0 0 20 20 xmlnshttp://www.w3.org/2000/svg>path fill-ruleevenodd dM7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z clip-ruleevenodd>/path>/svg>/button>/div>!---->div classflex justify-between>div>div data-testrelease-share-options>div classmt-4>p data-testshare-section-title stylecolor: var(--olvy-secondary-text-color)>Share/p>/div>div>div stylecolor: var(--olvy-secondary-text-color) classflex mt-4>a data-testrelease-share-twitter hrefhttps://twitter.com/intent/tweet?urlhttps%3A%2F%2Fnews.eventstudytools.com%2Fv1026-release-note&textNew%20test%20statistic%20and%20various%20p-values%20added%20to%20AAR-%20and%20CAAR-levels%20of%20ARC! target_blank classolvy-share-button olvy-share-button-twitter titleshare on twitter>svg classmr-2 width24 height24 viewBox0 0 24 24 fillcurrentColor xmlnshttp://www.w3.org/2000/svg>path fill-ruleevenodd clip-ruleevenodd dM23 2.99952C22.0424 3.675 20.9821 4.19163 19.86 4.52952C18.6264 3.11106 16.6384 2.61363 14.8821 3.28397C13.1258 3.95431 11.9748 5.64982 12 7.52952V8.52952C8.43067 8.62207 5.05203 6.92149 3 3.99952C3 3.99952 -1 12.9995 8 16.9995C5.94053 18.3975 3.48716 19.0984 1 18.9995C10 23.9995 21 18.9995 21 7.49952C20.9991 7.22097 20.9723 6.94311 20.92 6.66952C21.9406 5.66301 22.6608 4.39223 23 2.99952Z fillcurrentColor>/path>/svg>/a>a data-testrelease-share-linkedin hrefhttp://www.linkedin.com/shareArticle?minitrue&urlhttps%3A%2F%2Fnews.eventstudytools.com%2Fv1026-release-note&titleNew%20test%20statistic%20and%20various%20p-values%20added%20to%20AAR-%20and%20CAAR-levels%20of%20ARC! target_blank titleshare on linkedin classolvy-share-button olvy-share-button-linkedin>svg classmr-2 width24 height24 viewBox0 0 24 24 fillcurrentColor xmlnshttp://www.w3.org/2000/svg>path dM16 8C17.5913 8 19.1174 8.63214 20.2426 9.75736C21.3679 10.8826 22 12.4087 22 14V21H18V14C18 13.4696 17.7893 12.9609 17.4142 12.5858C17.0391 12.2107 16.5304 12 16 12C15.4696 12 14.9609 12.2107 14.5858 12.5858C14.2107 12.9609 14 13.4696 14 14V21H10V14C10 12.4087 10.6321 10.8826 11.7574 9.75736C12.8826 8.63214 14.4087 8 16 8Z fillcurrentColor>/path>path dM6 9H2V21H6V9Z fillcurrentColor>/path>path dM4 6C5.10457 6 6 5.10457 6 4C6 2.89543 5.10457 2 4 2C2.89543 2 2 2.89543 2 4C2 5.10457 2.89543 6 4 6Z fillcurrentColor>/path>/svg>/a>a data-testrelease-share-facebook hrefhttps://www.facebook.com/sharer/sharer.php?uhttps%3A%2F%2Fnews.eventstudytools.com%2Fv1026-release-note target_blank titleshare on facebook classolvy-share-button olvy-share-button-facebook>svg classmr-2 width24 height24 viewBox0 0 24 24 fillcurrentColor xmlnshttp://www.w3.org/2000/svg>path fill-ruleevenodd clip-ruleevenodd dM17 2H14C11.2386 2 9 4.23858 9 7V10H6V14H9V22H13V14H16L17 10H13V7C13 6.44772 13.4477 6 14 6H17V2Z fillcurrentColor>/path>/svg>/a>button classolvy-share-button olvy-share-button-copy data-testrelease-share-copy typebutton titlecopy link>svg classmr-2 width24 height24 viewBox0 0 24 24 fillcurrentColor xmlnshttp://www.w3.org/2000/svg>path dM10.8 2.40002C10.1635 2.40002 9.55303 2.65288 9.10294 3.10297C8.65285 3.55306 8.39999 4.1635 8.39999 4.80002V14.4C8.39999 15.0365 8.65285 15.647 9.10294 16.0971C9.55303 16.5472 10.1635 16.8 10.8 16.8H18C18.6365 16.8 19.247 16.5472 19.6971 16.0971C20.1471 15.647 20.4 15.0365 20.4 14.4V7.69682C20.3999 7.06036 20.1469 6.45001 19.6968 6.00002L16.8 3.10322C16.35 2.65311 15.7397 2.40016 15.1032 2.40002H10.8Z fillcurrentColor>/path>path dM3.60001 9.60001C3.60001 8.96349 3.85286 8.35304 4.30295 7.90296C4.75304 7.45287 5.36349 7.20001 6.00001 7.20001V19.2H15.6C15.6 19.8365 15.3471 20.447 14.8971 20.8971C14.447 21.3472 13.8365 21.6 13.2 21.6H6.00001C5.36349 21.6 4.75304 21.3472 4.30295 20.8971C3.85286 20.447 3.60001 19.8365 3.60001 19.2V9.60001Z fillcurrentColor>/path>/svg>/button>/div>/div>/div>/div>!---->/div>/div>!---->/div>/div>!---->div classjustify-between flex sm:col-span-6 max-w-6xl mx-auto pl-6 pr-6 pb-16 w-full pt-16 data-v-7c28588a>div class data-v-7c28588a>!---->/div>div class data-v-7c28588a>!---->/div>/div>/div>!---->div classfixed bottom-4 left-4 right-4 flex items-center justify-center z-20 flex md:hidden data-v-7c28588a>button classolvy-responsive-filter-button stylebox-shadow:0px 8px 24px rgb(45 48 58 / 66%);>svg classw-6 h-6 mr-2 fillcurrentColor viewBox0 0 20 20 xmlnshttp://www.w3.org/2000/svg>path fill-ruleevenodd dM3 3a1 1 0 011-1h12a1 1 0 011 1v3a1 1 0 01-.293.707L12 11.414V15a1 1 0 01-.293.707l-2 2A1 1 0 018 17v-5.586L3.293 6.707A1 1 0 013 6V3z clip-ruleevenodd>/path>/svg>span classmr-1>Filters/span>/button>div classhidden z-30 block fixed top-0 right-0 bottom-0 left-0>div classz-30 block fixed top-0 right-0 bottom-0 left-0 stylebackground-color:#000000bf;>/div>div styleheight:35rem;border-radius:8px 8px 0px 0px; classdropdown-menu fixed bottom-0 right-0 left-0 text-gray-700 h-1/2 border rounded-lg bg-white block shadow-2xl z-40 rounded-t-lg>div classrelative h-full>div classflex items-start justify-between p-4>div classtext-2xl font-bold>Filters/div>div classh-8 w-8 flex items-center justify-center cursor-pointer>svg width24 height24 viewBox0 0 16 16 fillnone xmlnshttp://www.w3.org/2000/svg>path dM11.8182 4.18164L4.18188 11.818 stroke#9597A1 stroke-width1.33333 stroke-linecapround stroke-linejoinround>/path>path dM4.18188 4.18164L11.8182 11.818 stroke#9597A1 stroke-width1.33333 stroke-linecapround stroke-linejoinround>/path>/svg>/div>/div>div classmb-20 px-4 styleoverflow-y:scroll;height:26rem;>div classmb-6>div classborder-b pb-3 mb-3 text-lg olvy-border-color>Projects/div>!---->div classpb-3>fieldset>legend classsr-only>/legend>div classrelative flex items-start>div classflex items-center h-5 mt-1>input data-testolvy-checkbox-input idinput-0 aria-describedbycomments-description namecomments typecheckbox classfocus:ring-pink-500 h-4 w-4 text-pink-600 border-gray-300 rounded>/div>div classitems-center ml-3 text-sm flex>!---->!---->label forinput-0 classfont-medium text-base text-gray-700 flex items-center>span>Website/span>!---->/label>!---->/div>/div>/fieldset>/div>div classpb-3>fieldset>legend classsr-only>/legend>div classrelative flex items-start>div classflex items-center h-5 mt-1>input data-testolvy-checkbox-input idinput-0 aria-describedbycomments-description namecomments typecheckbox classfocus:ring-pink-500 h-4 w-4 text-pink-600 border-gray-300 rounded>/div>div classitems-center ml-3 text-sm flex>!---->!---->label forinput-0 classfont-medium text-base text-gray-700 flex items-center>span>R-Package/span>!---->/label>!---->/div>/div>/fieldset>/div>div classpb-3>fieldset>legend classsr-only>/legend>div classrelative flex items-start>div classflex items-center h-5 mt-1>input data-testolvy-checkbox-input idinput-0 aria-describedbycomments-description namecomments typecheckbox classfocus:ring-pink-500 h-4 w-4 text-pink-600 border-gray-300 rounded>/div>div classitems-center ml-3 text-sm flex>!---->!---->label forinput-0 classfont-medium text-base text-gray-700 flex items-center>span>ARC / AVC / AVyC/span>!---->/label>!---->/div>/div>/fieldset>/div>div classpb-3>fieldset>legend classsr-only>/legend>div classrelative flex items-start>div classflex items-center h-5 mt-1>input data-testolvy-checkbox-input idinput-0 aria-describedbycomments-description namecomments typecheckbox classfocus:ring-pink-500 h-4 w-4 text-pink-600 border-gray-300 rounded>/div>div classitems-center ml-3 text-sm flex>!---->!---->label forinput-0 classfont-medium text-base text-gray-700 flex items-center>span>CATA/span>!---->/label>!---->/div>/div>/fieldset>/div>div classpb-3>fieldset>legend classsr-only>/legend>div classrelative flex items-start>div classflex items-center h-5 mt-1>input data-testolvy-checkbox-input idinput-0 aria-describedbycomments-description namecomments typecheckbox classfocus:ring-pink-500 h-4 w-4 text-pink-600 border-gray-300 rounded>/div>div classitems-center ml-3 text-sm flex>!---->!---->label forinput-0 classfont-medium text-base text-gray-700 flex items-center>span>APIs/span>!---->/label>!---->/div>/div>/fieldset>/div>!---->/div>div>div classborder-b pb-3 mb-3 text-lg olvy-border-color>Categories/div>!---->div classpb-3>fieldset>legend classsr-only>/legend>div classrelative flex items-start>div classflex items-center h-5 mt-1>input data-testolvy-checkbox-input idinput-0 aria-describedbycomments-description namecomments typecheckbox classfocus:ring-pink-500 h-4 w-4 text-pink-600 border-gray-300 rounded>/div>div classitems-center ml-3 text-sm flex>!---->!---->label forinput-0 classfont-medium text-base text-gray-700 flex items-center>span>Announcements/span>!---->/label>!---->/div>/div>/fieldset>/div>div classpb-3>fieldset>legend classsr-only>/legend>div classrelative flex items-start>div classflex items-center h-5 mt-1>input data-testolvy-checkbox-input idinput-0 aria-describedbycomments-description namecomments typecheckbox classfocus:ring-pink-500 h-4 w-4 text-pink-600 border-gray-300 rounded>/div>div classitems-center ml-3 text-sm flex>!---->!---->label forinput-0 classfont-medium text-base text-gray-700 flex items-center>span>Enhancements/span>!---->/label>!---->/div>/div>/fieldset>/div>div classpb-3>fieldset>legend classsr-only>/legend>div classrelative flex items-start>div classflex items-center h-5 mt-1>input data-testolvy-checkbox-input idinput-0 aria-describedbycomments-description namecomments typecheckbox classfocus:ring-pink-500 h-4 w-4 text-pink-600 border-gray-300 rounded>/div>div classitems-center ml-3 text-sm flex>!---->!---->label forinput-0 classfont-medium text-base text-gray-700 flex items-center>span>Bug Fixes/span>!---->/label>!---->/div>/div>/fieldset>/div>!---->/div>/div>div classabsolute bottom-0 right-0 left-0 h-16 flex items-center w-full px-4 stylebox-shadow:0px -4px 28px rgba(0, 0, 0, 0.15);>button classolvy-responsive-apply-filter-button>Apply Filters/button>/div>/div>/div>/div>/div>/div>div data-v-7c28588a>style typetext/css> :root { /* Color components */ --olvy-text-color: #303855; --olvy-secondary-text-color: #4a5568; --olvy-brand-color: #db2777; --olvy-brand-text-color: #ffffff; --olvy-brand-color-lighten-25: #239bff; --olvy-brand-color-lighten-50: #2abaff; --olvy-brand-color-darken-25: #155d99; --olvy-brand-color-darken-50: #0e3e66; --olvy-secondary-button-background-color: #f7fafc; --olvy-secondary-button-text-color: #303855; --olvy-input-background-color: #ffffff; --olvy-input-text-color: #303956; --olvy-input-placeholder-color: #cfd8dc; --olvy-border-color: #e4e8ea; --olvy-background-dark: #f7fafc; --olvy-background-darken-25: #bfbfbf; --olvy-background-color: #f7fafc; --olvy-navbar-background: #ffffff; --olvy-navbar-text-color: #303855; --olvy-banner-background: #ffffff; --olvy-banner-text-color: #303855; --olvy-link-color: #2b43d8; --olvy-link-hover-color: #2b43d8; --olvy-font-family: Inter; } /style>style> :root{ --widget-topbar-background: #ffffff; --widget-background: #ffffff;--widget-background-lighten-50: rgba(255, 255, 255, 0.5); --widget-background-lighten-80: rgba(255, 255, 255, 0.8); --widget-header-background: linear-gradient(19deg, #21D4FD 0%, #B721FF 100%); --widget-header-text-color: #000; --widget-card-background: #ffffff; --widget-text-primary-color: #303855; --widget-text-primary-color-lighten-20: rgba(48, 56, 85, 0.2); --widget-primary-button-text-color: #ffffff; --widget-text-secondary-color: #4a5568; --widget-brand-color: #db2777; --widget-brand-color-lighten-20: rgba(219, 39, 119, 0.2); --widget-brand-color-lighten-50: rgba(219, 39, 119, 0.5); --widget-link-color: #2b43d8; --widget-link-hover-color: #2b43d8; --widget-border-color: #e4e8ea; --widget-input-background-color: #ffffff; --widget-input-text-color-lighten-10: rgba(255, 255, 255, 0.1); --widget-input-text-color: #303956; --widget-input-placeholder-color: #cfd8dc; --widget-poweredby-background: rgba(255, 255, 255, 0.7); --widget-poweredby-text : rgb(107 114 128) } /style>!---->!---->!---->/div>/main>!---->/div>    div idconfirm-modal>/div>             div idbody-append>/div>  /body>/html>

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Domain > est.olvy.co

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Port 443