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SQP Ratios as a function of annualized volatility for p = 0 for ? = 95%, 99%. In each row we consider the SQP Ratios and then the logarithm of the SQP Ratios: From left to right, SQP ratio for ? = 95%, 99%, then logarithm of SQP ratio for ? = 95%, 99%. From top to bottom ,

In each row we consider the SQP Ratios and then the logarithm of the SQP Ratios: From left to right, SQP ratio for ? = 95%, 99%, then logarithm of SQP ratio for ? = 95%, 99%. From top to bottom: SGP, SWE, USA B.6.2 On a simulated GARCH realization Figure A.12: SQP Ratios as a function of annualized volatility for one simulated sample path of the GARCH(1,1) -which is fitted to each index separetely -for p = 0 for ? = 95%, 99%, each row we consider the SQP Ratios and then the logarithm of the SQP Ratios: From left to right, SQP ratio for ? = 95%, 99%, then logarithm of SQP ratio for ? = 95%, 99%. From top to bottom ,

SQP Ratios as a function of annualized volatility for one simulated sample path of the GARCH(1,1) -which is fitted to each index separetely -for p = 0 for ? = 95%, 99%. In each row we consider the SQP Ratios and then the logarithm of the SQP Ratios: From left to right, SQP ratio for ? = 95%, 99%, then logarithm of SQP ratio for ? = 95%, 99%. From top to bottom: GBR ,

SQP Ratios as a function of annualized volatility for one simulated sample path of the GARCH(1,1) -which is fitted to each index separetely -for p = 0 for ? = 95%, 99%. In each row we consider the SQP Ratios and then the logarithm of the SQP Ratios: From left to right, SQP ratio for ? = 95%, 99%, then logarithm of SQP ratio for ? = 95%, 99%. From top to bottom ,