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Bernie estimated a Fama and French (2015) five-factor model for DNC over the past five years and obtained the following results on the regression coefficients.
Bernie estimated a Fama and French (2015) five-factor model for DNC over the past five years and obtained the following results on the regression coefficients. Which of the following statements about the firm characteristics is NOT correct? Coefficients Lower 9596 Upper 9596 MKTRF 1.167 0.723 1.610 SMB 0.129 -1.189 0.331 HML 0.580 -1.611 0.751 RMW -0.204 -0.902 1.310 CMA 0.249 - 1.160 1.658 O DNC appears a value company. O DNC appears a small company. O DNC does not appear profitable in the past five years. O DNC has invested aggressively in the past five years
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