Dynamics in the Predictability of Credit Default Swap Spreads of EU Companies

Table 2

Percentages of models outperforming the benchmark.

Time period	Relative RMSE (%)	Relative MAE (%)	Relative MAPE (%)
Jan 2019–Jun 2019	66.9	43.5	43.3
Jul 2019–Dec 2019	59.6	24.8	24.6
Mar 2020–Aug 2020	42.4	24.4	24.8
Sep 2020–Feb 2021	53.7	28.1	26.7
Mar 2021–Aug 2021	23.1	7.6	8.1
Sep 2021–Feb 2022	30.0	10.0	10.0

Starting from 11 March.