Sample output

Sample Output 1 (Return in %)

The direct output in Excel by single portfolio sorting SAS macro [Newey-West (1987) t-stat in bracket]

Sample Output 2 (Return in %)

The direct output in Excel by double portfolio sorting SAS macro [ Newey-West (1987) t-stat in bracket]

Sample Output 3

The direct output in Excel by Fama-MacBeth regression code [Newey-West (1987) t-stat in bracket]