Estimated alpha coefficient:

index_sa2 1.0104683

Alpha t-stat: index_sa2 0.66463177

Critical values at 1%, 5%, 10%, 90%, 95%, 99%:

-4.0051900 -3.4611000 -3.1551700 -1.2533200 -0.95807100 -0.32067700

Test statistics and critical values (5% level of significance)

70.000000

85.000000

PT test 148.06775 cv(5%): 7.8292876

MPT test 134.46360 cv(5%): 7.8292876

ADF test -0.91384388 cv(5%): -3.6708388

ZA test -1.6258548 cv(5%): -26.995522

MZA test -1.3576119 cv(5%): -26.995522

MSB test 0.56206979 cv(5%): 0.13372765

MZT test -0.76307264 cv(5%): -3.6708388