Based on the analysis using the data provided for the project, the Fama-French three-factor model alpha for the fund is _______. To help you answer this question, some outputs from the analysis are reproduced below.
ARKK Rm Rf
Average Ret 3.945 1.520 0.089
Std 9.061 4.582
Regression Statistics
Multiple R 0.815
R Square 0.664
Adjusted R Square 0.659
Standard Error 5.306
Observations 60
ANOVA
df SS MS F
Regression 1 3232.899 3232.899 114.816
Residual 58 1633.120 28.157
Total 59 4866.020
Coefficients Standard Error t Stat P-value
Intercept 1.553 0.718 2.162 0.035
Rm-Rf 1.609 0.150 10.715 0.000
Regression Statistics
Multiple R 0.888
R Square 0.788
Adjusted R Square 0.777
Standard Error 4.291
Observations 60
ANOVA
df SS MS F
Regression 3 3835.126 1278.375 69.444
Residual 56 1030.894 18.409
Total 59 4866.020
Coefficients Standard Error t Stat P-value
Intercept 0.710 0.601 1.181 0.243
Rm-Rf 1.625 0.134 12.171 0.000
SMB 0.725 0.231 3.141 0.003
HML -0.928 0.172 -5.394 0.000
