| Model | Intercept | Slope | R-Square |
| T-Stat | T-Stat | ||
| Linear | 0.1319 | -0.0008 | 10.91% |
| 27.23 | -11.74 | ||
| Log | 0.2549 | -0.0434 | 11.08% |
| 17.00 | -11.84 | ||
| Risk | 0.0619 | 0.0179 | 10.38% |
| 27.91 | 11.42 | ||
| Model | Intercept | E Slope | D Slope |
| T-Stat | T-Stat | T-Stat | |
| Linear | 0.1216 | -0.0005 | -0.0007 |
| 18.30 | -3.71 | -8.67 | |
| Log | 0.2034 | -0.0285 | -0.0323 |
| 9.11 | -4.71 | -6.35 | |
| Risk | 0.0671 | 0.0161 | -0.0109 |
| 21.31 | 9.17 | -0.87 | |
Note: All regressions are time series cross-sectional and arebased on semi-annual observations of US dollar total return.