A Personalized Mean-CVaR Portfolio Optimization Model for Individual Investment

Table 5

The descriptive statistics of the log returns of the six financial assets.

Sample	Mean	Maximum	Minimum	Std. dev.	Skewness	Kurtosis	J–B	value
China Bonds 0303	0.000002	0.023828	−0.019260	0.002477	0.686283	23.57103	13318.27	0
Apple	0.000595	0.062940	−0.067965	0.014439	−0.129436	6.232126	329.4278	0
Suning	0.000334	0.095569	−0.105637	0.031149	−0.171795	5.943309	275.1418	0
CNPC	−0.000354	0.095384	−0.105244	0.019322	−0.322885	10.43322	1744.322	0
EEM	0.000121	0.043297	−0.062929	0.012388	−0.366746	4.535531	90.73705	0
SPY	0.000353	0.037675	−0.042008	0.007835	−−0.464336	6.575980	427.7021	0