HSI Volatility Index

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Param	Value	t-stat
ωconst	0.0192	3.99***
αARCH	0.1535	8.29***
βGARCH	0.9801	302.11***
γleverage	-0.0519	-3.35***

Parameter	Value	t-statistic
ω const Unconditional variance weight	0.0192	3.99***
α ARCH Response to squared shocks	0.1535	8.29***
β GARCH Volatility persistence	0.9801	302.11***
γ leverage Additional response to negative shocks	-0.0519	-3.35***

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