Do other popular investment strategies, like long the market and short Treasury Bills, long small stocks and short large stocks, and long value stocks and short growth stocks, explain a lot or only a little of the variability in returns of the long-short momentum hedge fund strategy in the far-right column of the table? Answer "A LOT" or "A LITTLE". What from the regression output best supports your conclusion?

Please explain what the answer might be.

I believe the answer is A LOT as all the betas are negative, which means it moves in a negative direction of the stock market.

Alpha from CAPM (yearly)	17.69
Beta from CAPM	-0.18
R-squared	0.03
Alpha from 3-Factor Model (yearly)	19.31
Beta on Market Factor	-0.065
Beta on Size Factor	-0.26
Beta on Value Factor	-0.29
R-squared	0.06