Hello all,
I created a heatmap for our lecture to analyze the relation between Overnight Returns, Total Yield and Net Income Growth.
One would probably assume that higher amounts of Total Yield and Net Income Growth correlate with positive returns (-> and thus overnight returns). The heatmap shows mixed results: The overnight returns are generally positive in higher deciles, but there are also mixed results in the lower deciles of Net Income Growth where areas with very high/very low overnight returns are close together.
Heatmap of Overnight Returns w.r.t. Total Yield and Net Income Growth
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