notices - See details
Notices
PS
Paul Salniker (not verified)
4th September 2021 | 3:16pm

It would be interesting to see what caused the breakdown of CAPM in the 1980s.

Just back-of-the-envelope using your table, but the average level of interest rates (10yr) and their volatility seems to have a strong relationship with the hit rate (Percent of Years in Accordance with CAPM). Clearly not a lot of data points, however.