CoefficientsP$-$valueIntercept$0\mathrm{.}0850\mathrm{.}42$Mkt$-$RF$1\mathrm{.}152\mathrm{.}3$E$-10$Pos$($Mkt$-$RF$)0\mathrm{.}320\mathrm{.}006$

The fund significantly outperformed the market model after controlling for timing.

The fund's beta is$$lower when market returns are$$positive than when market returns are$$negative$.$

The fund's beta is $0\mathrm{.}32$when market returns$$are negative.

The fund's beta is$1\mathrm{.}47$ when market returns are positive.