Intercept -0.

571171941592693
Slope 1.57559929078331
R-square 0.567841952633883
Standard Error 0.0119057831436183
Mean 1.00500546469905
F-test 2.14421164806737E-10
Y X
PSO PSX
Date Close Firm-Returns Date Close Market-Returns ER AR T - Stat Significant CAR
3-Dec-21 173.5 3-Dec-21 43,232.83
6-Dec-21 176.88 1.0253913043 6-Dec-21 43,280.77 1.0011320362798
7-Dec-21 179 1.0177393678 7-Dec-21 43,853.49 1.0132560778396
8-Dec-21 177.35 0.9963483146 8-Dec-21 43,846.87 0.9998718430812
9-Dec-21 178.5 1.0121916643 9-Dec-21 43,518.84 0.9925413727678
10-Dec-21 177.99 1.0027605634 10-Dec-21 43,395.78 0.9971951732899
13-Dec-21 174 0.9831063902 13-Dec-21 42,876.37 0.9880536322572
14-Dec-21 175.9 1.0167630058 14-Dec-21 43,246.71 1.0086609165122
15-Dec-21 185.41 1.0600914808 15-Dec-21 44,366.86 1.0259251148842
16-Dec-21 179.21 0.971801963 16-Dec-21 43,731.20 0.9856948563603
17-Dec-21 180.85 1.0148139835 17-Dec-21 43,900.68 1.0038984500414
20-Dec-21 183 1.0175145955 20-Dec-21 44,339.95 1.0100290024893
21-Dec-21 179.5 0.9862637363 21-Dec-21 44,177.07 0.9963490339758
22-Dec-21 178.85 1.0019607843 22-Dec-21 44,174.97 0.9999750996411
23-Dec-21 178.25 1.0022490863 23-Dec-21 44,266.90 1.0021037276025
24-Dec-21 177.59 1.0019181946 24-Dec-21 44,118.39 0.996667638069
27-Dec-21 179 1.0136474319 27-Dec-21 43,913.44 0.9953771063973
28-Dec-21 177.55 0.9974719101 28-Dec-21 44,043.74 1.0029900410909
29-Dec-21 180.7 1.0235060889 29-Dec-21 44,260.11 1.0049354331724
30-Dec-21 179.8 1.000556483 30-Dec-21 44,416.20 1.0035493257772
31-Dec-21 181.89 1.0172818792 31-Dec-21 44,596.07 1.0040722545435
3-Jan-22 183.95 1.016916358 3-Jan-22 44,886.89 1.0065437726637
4-Jan-22 183.5 1.0030062859 4-Jan-22 45,390.84 1.0112496376924
5-Jan-22 187.81 1.0290958904 5-Jan-22 45,407.89 1.0003976660856
6-Jan-22 184 0.9849579787 6-Jan-22 45,082.30 0.9928515253963
7-Jan-22 184 1.0054644809 7-Jan-22 45,345.65 1.0058638504214
10-Jan-22 186.5 1.0191256831 10-Jan-22 45,887.63 1.0119745107747
11-Jan-22 186.25 1.0040431267 11-Jan-22 45,881.13 0.9998801393783
12-Jan-22 187.8 1.0137651822 12-Jan-22 45,916.25 1.0007872689114
13-Jan-22 186.3 0.9973233405 13-Jan-22 45,763.20 0.9966884640724
14-Jan-22 186.35 1.0056664868 14-Jan-22 45,763.45 1.0000273151203
17-Jan-22 186.36 1.0054491503 17-Jan-22 45,612.20 0.9967167404717
18-Jan-22 186.5 1.0061501942 18-Jan-22 45,507.41 0.9977244624127
19-Jan-22 179.8 0.9692722372 19-Jan-22 44,833.43 0.9852113141863
20-Jan-22 180.5 1.00950783 20-Jan-22 44,825.97 0.9998559078774
21-Jan-22 182.25 1.0153203343 21-Jan-22 45,018.28 1.0043125516872
24-Jan-22 185 1.0206896552 24-Jan-22 44,923.91 0.9979259075626
25-Jan-22 186.51 1.0136413043 25-Jan-22 44,887.77 0.999217771066
26-Jan-22 186.6 1.005875694 26-Jan-22 44,955.05 1.0015211609122
27-Jan-22 186.79 1.0064116379 27-Jan-22 45,083.04 1.0028693743945
28-Jan-22 185.53 0.9986005705 28-Jan-22 45,077.91 0.9999083892388
Estimation Period 31-Jan-22 188 1.0188045304 31-Jan-22 45,374.68 1.006605821029
1-Feb-22 188.11 1.0059358289 1-Feb-22 45,674.50 1.0066298347412
2-Feb-22 191.5 1.0234621346 2-Feb-22 46,119.15 1.0097572990903
3-Feb-22 190.11 0.9979527559 3-Feb-22 45,862.93 0.9944659532093
4-Feb-22 195.23 1.0323621173 4-Feb-22 45,909.65 1.001040514431
7-Feb-22 194.45 1.0011326778 7-Feb-22 45,841.25 0.9985318670882
8-Feb-22 193.9 1.0023261825 8-Feb-22 45,947.95 1.0023494636264
9-Feb-22 195.5 1.0134784863 9-Feb-22 46,339.76 1.0085492072923
10-Feb-22 197.5 1.0154241645 10-Feb-22 45,940.04 0.9913955401482
11-Feb-22 187.73 0.9553689567 11-Feb-22 46,079.37 1.0030547003159
14-Feb-22 183.49 0.9826487442 14-Feb-22 45,644.09 0.990575187447
15-Feb-22 183.7 1.0066305003 15-Feb-22 45,731.70 1.0019413672475
16-Feb-22 182.19 0.9972085386 16-Feb-22 45,684.80 0.9989962978918
17-Feb-22 180.5 0.9961918428 17-Feb-22 45,441.10 0.9946873946563
18-Feb-22 183.26 1.0209470752 18-Feb-22 45,675.87 1.0051885889336
21-Feb-22 183.25 1.0054318007 21-Feb-22 45,362.85 0.9931686724013
22-Feb-22 180.98 0.9930315501 22-Feb-22 45,012.18 0.9922915401378
23-Feb-22 179.6 0.9978886543 23-Feb-22 45,132.92 1.0027046613752
24-Feb-22 175.01 0.9798992161 24-Feb-22 43,830.51 0.9711643112015
25-Feb-22 176.5 1.0143095224 25-Feb-22 43,984.24 1.0035302699026
28-Feb-22 180.97 1.0311680912 28-Feb-22 44,461.01 1.0108625467337
1-Mar-22 180.54 1.0031671945 1-Mar-22 44,803.58 1.0077276185948
2-Mar-22 177.5 0.9886376295 2-Mar-22 44,514.12 0.9935615315011
3-Mar-22 175.5 0.9943342776 3-Mar-22 44,525.72 1.0002830626117
4-Mar-22 173 0.9914040115 4-Mar-22 44,551.35 1.0005980947213
7-Mar-22 165 0.9593023256 7-Mar-22 43,266.97 0.9711925944465
8-Mar-22 160.9 0.981097561 8-Mar-22 42,878.35 0.9910409959606
9-Mar-22 159 0.9943714822 9-Mar-22 43,042.96 1.003862412206
10-Mar-22 164.3 1.0398734177 10-Mar-22 43,853.62 1.0188574126271
11-Mar-22 162.35 0.9941824862 11-Mar-22 43,653.33 0.9954554596738
14-Mar-22 160.25 0.9931825225 14-Mar-22 43,366.89 0.9934610592378
15-Mar-22 163.15 1.0244897959 15-Mar-22 43,719.82 1.0081614835992
16-Mar-22 165 1.0175763182 16-Mar-22 43,975.69 1.0058755016718
17-Mar-22 163.5 0.9969512195 17-Mar-22 43,807.23 0.9961919003863
18-Mar-22 156.2 0.9612307692 18-Mar-22 43,029.97 0.9822796894414
21-Mar-22 157.6 1.0154639175 21-Mar-22 43,230.22 1.0046770815104
22-Mar-22 156.7 1.0006385696 22-Mar-22 43,203.79 0.9994117404848
24-Mar-22 157.59 1.0121387283 24-Mar-22 43,522.55 1.0074013738465
25-Mar-22 156.65 1.0003831662 25-Mar-22 43,551.14 1.0006798930645
28-Mar-22 159.4 1.0240925153 28-Mar-22 43,933.56 1.0088041048777
 29-Mar-22 165.5 1.0448232323 29-Mar-22 44,438.70 1.0115208401241
30-Mar-22 162.5 0.9878419453 30-Mar-22 44,337.56 0.9977465080326
31-Mar-22 166.67 1.0320123839 31-Mar-22 44,928.83 1.0133585014264 1.025475 0.0065374 0.5490936 No 0.0065374
1-Apr-22 166.45 1.0047081548 1-Apr-22 45,152.11 1.0049920060684 1.0122928 -0.007585 -0.637051 No -0.001047
4-Apr-22 156.51 0.9459655485 4-Apr-22 43,902.04 0.9723357853218 0.9608396 -0.014874 -1.249316 No -0.015921
5-Apr-22 157.5 1.0127966047 5-Apr-22 43,928.08 1.0006159307388 1.0053978 0.0073988 0.6214455 No -0.008522
6-Apr-22 157.65 1.0073482428 6-Apr-22 44,111.10 1.0041892153997 1.0110279 -0.00368 -0.309063 No -0.012202
7-Apr-22 158 1.0086179381 7-Apr-22 43,786.83 0.9926712929692 0.9928802 0.0157377 1.3218529 No 0.0035356
8-Apr-22 161.87 1.0310191083 8-Apr-22 44,444.58 1.0150448215781 1.028132 0.0028871 0.2424997 No 0.0064227
10-Apr-22 Vote of No confidence
Event window
11-Apr-22 171 1.0629701001 11-Apr-22 46,144.96 1.0382817945809 1.0647441 -0.001774 -0.149005 No 0.0046487
12-Apr-22 168.99 0.9940588235 12-Apr-22 46,407.26 1.0057060555704 1.0134178 -0.019359 -1.626015 No -0.01471
13-Apr-22 169.05 1.0063098994 13-Apr-22 46,165.50 0.9948119068419 0.996253 0.0100569 0.8447077 No -0.004653
14-Apr-22 169.35 1.0077357929 14-Apr-22 46,484.43 1.0069302169416 1.0153466 -0.007611 -0.639252 No -0.012264
15-Apr-22 171.25 1.0172260172 15-Apr-22 46,601.54 1.0025409054366 1.0084308 0.0087952 0.738735 No -0.003469
18-Apr-22 171.39 1.0066960352 18-Apr-22 46,539.59 0.998692075242 1.0023666 0.0043295 0.3636427 No 0.0008605
19-Apr-22 169.5 0.9947766888 19-Apr-22 46,333.36 0.9955901113463 0.9974791 -0.002702 -0.226986 No -0.001842
20-Apr-22 167.8 0.9958456973 20-Apr-22 45,943.16 0.9915998235359 0.991192 0.0046537 0.3908739 No 0.0028117
 CAR
0.010

0.007 0.006

0.005 0.005
0.003
0.004
0.001
-0.001
0.000
-7 -6 -5 -4 -3 -2 -1 0 1 2 3 4 5 6 7

-0.002
-0.005
-0.005 -0.003

-0.009

-0.010

-0.012
-0.012
 0.007 0.006

0.005 0.005
0.003
0.004
0.001
-0.001
0.000
-7 -6 -5 -4 -3 -2 -1 0 1 2 3 4 5 6 7

-0.002
-0.005
-0.005 -0.003

-0.009

CAR (-7,+7) -5.0% -0.010

CAR (-6,+6) -5.9%
CAR (-5,+5) -5.6% -0.012
-0.012
CAR (-4,+4) -4.1% -0.015
-0.015
CAR (-3,+3) -2.9% -0.016
CAR (-2,+2) -0.5%
CAR (-1,+1) -0.4% -0.020

t -7 -6 -5 -4 -3 -2 -1 0 1 2 3
CAR 0.007 -0.001 -0.016 -0.009 -0.012 0.004 0.006 0.005 -0.015 -0.005 -0.012
 0.003

0.001

5 6 7

-0.002

003
 0.003

0.001

5 6 7

-0.002

003

4 5 6 7
-0.003 0.001 -0.002 0.003