Dynamic Implied Risk Aversion Term Structure: An Empirical Analysis Based on Shanghai Stock Exchange 50 ETF Option

Table 2

Statistical nature of SSE 50 ETF yield (different maturities).

	Mean	Max	Min	SD	Skewness	Kurtosis
1-month	−0.0024	0.2188	−0.3411	0.0918	−1.3825	7.2781
2-month	−0.0044	0.2323	−0.4388	0.1238	−1.2843	5.4887
3-month	−0.0109	0.2319	−0.5236	0.1429	−1.3827	5.7819
4-month	−0.0133	0.2501	−0.5101	0.1537	−1.2911	5.0073
5-month	−0.0131	0.1854	−0.3966	0.1486	−0.9191	3.1298
6-month	−0.0033	0.2456	−0.3395	0.1543	−0.6452	2.4212