minIAR
Using real-time output
the "intra+extra" instruments

time =

    1.0001

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 1.444 ,rho2= 0.703,rho3= -1.070,gamma_pi= -1.936,gamma_y= -0.265 
minIAR = 1.679 and MAX-P = 0.098 
minIAR
Using real-time output
the "intra+extra+important factors" instruments

time =

    1.0052

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 0.815 ,rho2= -1.627,rho3= 1.227,gamma_pi= 3.872,gamma_y= 1.382 
minIAR = 0.000 and MAX-P = 1.000 
minIAR
Using real-time output
the "intra+extra+other factors" instruments

time =

    0.9696

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 0.762 ,rho2= -0.036,rho3= 0.077,gamma_pi= 0.283,gamma_y= -0.763 
minIAR = -0.000 and MAX-P = 1.000 
minIAR
Using real-time output
the "intra+extra+other factors" instruments

time =

    1.0012

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 0.751 ,rho2= -0.012,rho3= -0.022,gamma_pi= -0.023,gamma_y= -0.588 
minIAR = 0.039 and MAX-P = 0.962 
minIAR
Using real-time output
the "intra+extra+all factors" instruments

time =

    0.9882

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 1.159 ,rho2= -0.325,rho3= 0.674,gamma_pi= -3.885,gamma_y= -1.381 
minIAR = 0.000 and MAX-P = 1.000 
minIAR
Using real-time output
the first 6 factors

time =

    0.9720

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 0.988 ,rho2= -0.655,rho3= 1.770,gamma_pi= -0.410,gamma_y= -0.081 
minIAR = 14.046 and MAX-P = 0.000 
minIAR
Using real-time output
the first ENDOG factors

time =

    0.8892

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 0.879 ,rho2= 1.567,rho3= -0.783,gamma_pi= -0.984,gamma_y= -0.379 
minIAR = -0.000 and MAX-P = 1.000 
minIAR
Using real-time output
the first ENDOG factors

time =

    0.9674

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 0.584 ,rho2= 3.607,rho3= -2.187,gamma_pi= -0.649,gamma_y= -0.250 
minIAR = -0.000 and MAX-P = 1.000 
minIAR
Using marginal cost measure
the "intra+extra" instruments

time =

    0.9661

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 1.441 ,rho2= 0.214,rho3= -0.768,gamma_pi= 1.470,gamma_y= -0.285 
minIAR = 1.562 and MAX-P = 0.131 
minIAR
Using marginal cost measure
the "intra+extra+important factors" instruments

time =

    0.9722

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 0.297 ,rho2= -0.996,rho3= 0.841,gamma_pi= 0.609,gamma_y= -0.212 
minIAR = -0.000 and MAX-P = 1.000 
minIAR
Using marginal cost measure
the "intra+extra+other factors" instruments

time =

    0.9854

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 1.185 ,rho2= -0.693,rho3= -0.171,gamma_pi= 0.820,gamma_y= -0.143 
minIAR = -0.000 and MAX-P = 1.000 
minIAR
Using marginal cost measure
the "intra+extra+all factors" instruments

time =

    0.9836

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 0.672 ,rho2= -0.138,rho3= -0.214,gamma_pi= 0.763,gamma_y= -0.264 
minIAR = -0.000 and MAX-P = 1.000 
minIAR
Using marginal cost measure
the first 6 factors

time =

    0.9726

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 1.144 ,rho2= -1.341,rho3= -0.844,gamma_pi= 0.734,gamma_y= -0.350 
minIAR = 6.433 and MAX-P = 0.000 
minIAR
Using marginal cost measure
the first ENDOG factors

time =

    1.0075

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 1.285 ,rho2= 1.074,rho3= -1.174,gamma_pi= -3.319,gamma_y= 1.124 
minIAR = -0.000 and MAX-P = 1.000 
minIAR
Using real-time output
the "intra+extra" instruments

time =

    0.5707

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 0.861 ,rho2= -2.096,rho3= 2.080,gamma_pi= 1.846,gamma_y= 0.160 
minIAR = 1.040 and MAX-P = 0.418 
minIAR
Using real-time output
the "intra+extra+important factors" instruments

time =

    0.6414

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 1.097 ,rho2= 2.776,rho3= -1.983,gamma_pi= -0.326,gamma_y= -0.080 
minIAR = 0.000 and MAX-P = 1.000 
minIAR
Using real-time output
the "intra+extra+other factors" instruments

time =

    0.6201

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 0.781 ,rho2= -0.296,rho3= 2.182,gamma_pi= -0.004,gamma_y= 0.025 
minIAR = -0.000 and MAX-P = 1.000 
minIAR
Using real-time output
the "intra+extra+all factors" instruments

time =

    0.5787

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 0.879 ,rho2= 1.517,rho3= -0.550,gamma_pi= -1.063,gamma_y= -0.153 
minIAR = -0.000 and MAX-P = 1.000 
minIAR
Using real-time output
the first 6 factors

time =

    0.6436

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 0.552 ,rho2= 1.038,rho3= -0.970,gamma_pi= 1.233,gamma_y= 0.121 
minIAR = 9.541 and MAX-P = 0.000 
minIAR
Using real-time output
the first ENDOG factors

time =

    0.6093

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 0.763 ,rho2= -1.780,rho3= 2.097,gamma_pi= -3.822,gamma_y= -0.904 
minIAR = -0.000 and MAX-P = 1.000 
minIAR
Using marginal cost measure
the "intra+extra" instruments

time =

    0.6214

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 0.721 ,rho2= 0.396,rho3= -0.161,gamma_pi= 0.570,gamma_y= -0.370 
minIAR = 0.459 and MAX-P = 0.897 
minIAR
Using marginal cost measure
the "intra+extra+important factors" instruments

time =

    0.6324

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 1.124 ,rho2= -1.082,rho3= -0.470,gamma_pi= 0.590,gamma_y= -0.191 
minIAR = -0.000 and MAX-P = 1.000 
minIAR
Using marginal cost measure
the "intra+extra+other factors" instruments

time =

    0.6190

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 1.187 ,rho2= 0.161,rho3= -0.866,gamma_pi= 0.644,gamma_y= -0.054 
minIAR = -0.000 and MAX-P = 1.000 
minIAR
Using marginal cost measure
the "intra+extra+all factors" instruments

time =

    0.6171

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 0.718 ,rho2= -0.514,rho3= 0.565,gamma_pi= 0.987,gamma_y= -0.580 
minIAR = -0.000 and MAX-P = 1.000 
minIAR
Using marginal cost measure
the first 6 factors

time =

    0.5802

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 0.381 ,rho2= -0.736,rho3= 0.741,gamma_pi= 1.052,gamma_y= -0.253 
minIAR = 2.769 and MAX-P = 0.018 
minIAR
Using marginal cost measure
the first ENDOG factors

time =

    0.5790

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 1.070 ,rho2= -0.896,rho3= 0.586,gamma_pi= 2.262,gamma_y= -0.912 
minIAR = -0.000 and MAX-P = 1.000 
ipsoIARCS
Using real-time output
the "intra+extra" instruments
{Subscripted assignment dimension mismatch.

Error in <a href="matlab:helpUtils.errorDocCallback('ipsoIARCS', '/Users/zhenjianglin/Documents/MATLAB/Ivfactor/psonew/taylor/ipsoIARCS.m', 499)" style="font-weight:bold">ipsoIARCS</a> (<a href="matlab: opentoline('/Users/zhenjianglin/Documents/MATLAB/Ivfactor/psonew/taylor/ipsoIARCS.m',499,0)">line 499</a>)
                       Xpbest(j,:)=Xii(j,:);
} 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    1.2059

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    2.1205

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    1 
bands= [0.133,2.000] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    1.0257

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    1.9737

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    1 
bands= [0.000,2.000] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    1.0805

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    2.0654

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [-0.685,3.707] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    1.0860

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    2.0873

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [0.089,2.763] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    1.1185

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    2.0994

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [0.097,4.998] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    1.1215

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    2.0873

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [0.023,2.000] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    1.0983

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    2.0671

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [0.061,1.999] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    1.0822

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    2.0631

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [0.114,1.998] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    1.0831

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    2.0660

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [0.105,2.000] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    0.9996

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    1.9536

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [0.044,2.000] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    1.0650

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    2.0525

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [0.126,2.000] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    1.0776

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    2.0746

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [0.057,2.000] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    1.1272

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    2.1270

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [0.097,2.000] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    1.1213

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    2.1585

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [0.032,2.000] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    1.1315

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    2.1190

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [0.132,1.999] 
ipsoIARCS
Using real-time output
the "intra+extra+important factors" instruments

time =

    1.0838

does not pass the test!!!
Using real-time output
the "intra+extra+important factors" instruments

time =

    2.0486

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [0.202,2.000] 
ipsoIARCS
Using real-time output
the "intra+extra+important factors" instruments

time =

    1.1105

does not pass the test!!!
Using real-time output
the "intra+extra+important factors" instruments

time =

    2.1470

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [0.327,2.000] 
ipsoIARCS
Using real-time output
the "intra+extra+important factors" instruments

time =

    0.9970

does not pass the test!!!
Using real-time output
the "intra+extra+important factors" instruments

time =

    1.8516

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [0.147,2.000] 
ipsoIARCS
Using real-time output
the "intra+extra+important factors" instruments

time =

    1.0427

does not pass the test!!!
Using real-time output
the "intra+extra+important factors" instruments

time =

    2.0439

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [0.164,2.000] 
ipsoIARCS
Using real-time output
the "intra+extra+other factors" instruments

time =

    1.0838

does not pass the test!!!
Using real-time output
the "intra+extra+other factors" instruments

time =

    2.0414

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [0.000,2.000] 
ipsoIARCS
Using real-time output
the "intra+extra+all factors" instruments

time =

    1.0944

does not pass the test!!!
Using real-time output
the "intra+extra+all factors" instruments

time =

    2.1062

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [0.149,2.000] 
ipsoIARCS
Using real-time output
the "intra+extra+all factors" instruments

time =

    1.0744

does not pass the test!!!
Using real-time output
the "intra+extra+all factors" instruments

time =

    2.0643

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [0.374,2.000] 
ipsoIARCS
Using real-time output
the "intra+extra+all factors" instruments

time =

    1.0888

does not pass the test!!!
Using real-time output
the "intra+extra+all factors" instruments

time =

    2.0715

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [0.191,2.000] 
ipsoIARCS
Using real-time output
the first 6 factors

time =

    1.0809

does not pass the test!!!
non-zero penalty!!!
Using real-time output
the first 6 factors

time =

    2.0572

does not pass the test!!!
non-zero penalty!!!
Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [6167.981,-7122.677] 
ipsoIARCS
Using real-time output
the first ENDOG factors

time =

    1.0995

does not pass the test!!!
Using real-time output
the first ENDOG factors

time =

    2.1747

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [0.127,2.000] 
ipsoIARCS
Using real-time output
the first ENDOG factors

time =

    1.0825

does not pass the test!!!
Using real-time output
the first ENDOG factors

time =

    2.1100

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [0.369,2.000] 
ipsoIARCS
Using real-time output
the first ENDOG factors

time =

    1.0694

does not pass the test!!!
Using real-time output
the first ENDOG factors

time =

    2.1238

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [0.481,2.000] 
ipsoIARCS
Using real-time output
the first ENDOG factors

time =

    1.0800

does not pass the test!!!
Using real-time output
the first ENDOG factors

time =

    2.1165

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [0.274,2.000] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    1.0675

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    2.0634

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.009,0.377] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    1.1066

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    2.1029

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.013,0.378] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    1.0022

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    2.0176

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.005,0.402] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    1.0713

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    2.0528

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.009,0.407] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    1.0839

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    2.0942

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.004,0.147] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    1.1051

does not pass the test!!!
non-zero penalty!!!
Using real-time output
the "intra+extra" instruments

time =

    2.0996

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.004,0.410] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    1.0886

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    2.0815

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.012,0.372] 
ipsoIARCS
Using real-time output
the "intra+extra+important factors" instruments

time =

    1.0812

does not pass the test!!!
Using real-time output
the "intra+extra+important factors" instruments

time =

    2.0582

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.061,1.000] 
ipsoIARCS
Using real-time output
the "intra+extra+important factors" instruments

time =

    1.0866

does not pass the test!!!
Using real-time output
the "intra+extra+important factors" instruments

time =

    2.0864

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.094,1.000] 
ipsoIARCS
Using real-time output
the "intra+extra+important factors" instruments

time =

    1.0965

does not pass the test!!!
Using real-time output
the "intra+extra+important factors" instruments

time =

    2.0795

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.070,1.000] 
ipsoIARCS
Using real-time output
the "intra+extra+other factors" instruments

time =

    1.0680

does not pass the test!!!
Using real-time output
the "intra+extra+other factors" instruments

time =

    2.0198

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.028,1.000] 
ipsoIARCS
Using real-time output
the "intra+extra+other factors" instruments

time =

    1.0667

does not pass the test!!!
Using real-time output
the "intra+extra+other factors" instruments

time =

    2.0419

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.036,1.000] 
ipsoIARCS
Using real-time output
the "intra+extra+all factors" instruments

time =

    1.0861

does not pass the test!!!
Using real-time output
the "intra+extra+all factors" instruments

time =

    2.0576

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.092,1.000] 
ipsoIARCS
Using real-time output
the "intra+extra+all factors" instruments

time =

    1.0931

does not pass the test!!!
Using real-time output
the "intra+extra+all factors" instruments

time =

    2.1708

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.072,1.000] 
ipsoIARCS
Using real-time output
the "intra+extra+all factors" instruments

time =

    0.9762

does not pass the test!!!
Using real-time output
the "intra+extra+all factors" instruments

time =

    1.9278

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.085,1.000] 
ipsoIARCS
Using real-time output
the first 6 factors

time =

    1.1088

does not pass the test!!!
non-zero penalty!!!
Using real-time output
the first 6 factors

time =

    2.1088

does not pass the test!!!
non-zero penalty!!!
Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [5885.811,-7710.614] 
ipsoIARCS
Using real-time output
the first ENDOG factors

time =

    1.0845

does not pass the test!!!
Using real-time output
the first ENDOG factors

time =

    2.0859

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.073,1.000] 
ipsoIARCS
Using real-time output
the first ENDOG factors

time =

    1.0812

does not pass the test!!!
Using real-time output
the first ENDOG factors

time =

    2.0986

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.040,1.000] 
ipsoIARCS
Using real-time output
the first ENDOG factors

time =

    1.0151

does not pass the test!!!
Using real-time output
the first ENDOG factors

time =

    2.0448

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.106,1.000] 
ipsoIARCS
Using marginal cost measure
the "intra+extra" instruments

time =

    1.0567

does not pass the test!!!
non-zero penalty!!!
Using marginal cost measure
the "intra+extra" instruments

time =

    2.0536

does not pass the test!!!
non-zero penalty!!!
Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [53.112,-9.496] 
ipsoIARCS
Using marginal cost measure
the "intra+extra" instruments

time =

    1.0820

does not pass the test!!!
non-zero penalty!!!
Using marginal cost measure
the "intra+extra" instruments

time =

    2.0596

does not pass the test!!!
non-zero penalty!!!
Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [41.801,-15.464] 
minIAR
Using marginal cost measure
the "intra+extra" instruments

time =

    1.0254

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 0.895 ,rho2= -0.001,rho3= -0.004,gamma_pi= 0.825,gamma_y= 0.000 
minIAR = 2.413 and MAX-P = 0.013 
minIAR
Using marginal cost measure
the "intra+extra+important factors" instruments

time =

    0.8851

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 0.538 ,rho2= 0.054,rho3= -0.124,gamma_pi= 0.399,gamma_y= 0.000 
minIAR = 14.896 and MAX-P = 0.000 
minIAR
Using marginal cost measure
the "intra+extra+other factors" instruments

time =

    1.0013

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 0.375 ,rho2= -0.111,rho3= -0.006,gamma_pi= 0.215,gamma_y= 0.000 
minIAR = 5.554 and MAX-P = 0.005 
minIAR
Using marginal cost measure
the "intra+extra+all factors" instruments

time =

    1.0311

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 0.250 ,rho2= 0.000,rho3= 0.001,gamma_pi= 0.290,gamma_y= 0.000 
minIAR = 15.417 and MAX-P = 0.000 
minIAR
Using marginal cost measure
the first 6 factors

time =

    1.0325

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 0.001 ,rho2= 0.004,rho3= -0.000,gamma_pi= 0.000,gamma_y= 0.611 
minIAR = 15.591 and MAX-P = 0.000 
minIAR
Using marginal cost measure
the first ENDOG factors

time =

    0.9919

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 0.116 ,rho2= 0.555,rho3= 0.121,gamma_pi= 1.331,gamma_y= 0.000 
minIAR = 20.480 and MAX-P = 0.000 
minIAR
Using real-time output
the "intra+extra" instruments

time =

    0.5734

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 1.005 ,rho2= 0.601,rho3= -0.787,gamma_pi= 1.583,gamma_y= 0.137 
minIAR = 1.040 and MAX-P = 0.418 
minIAR
Using real-time output
the "intra+extra+important factors" instruments

time =

    0.6281

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 0.782 ,rho2= 0.148,rho3= -0.106,gamma_pi= 1.648,gamma_y= 0.405 
minIAR = 0.000 and MAX-P = 1.000 
minIAR
Using real-time output
the "intra+extra+other factors" instruments

time =

    0.6260

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 1.053 ,rho2= 0.048,rho3= -0.053,gamma_pi= 0.825,gamma_y= 0.931 
minIAR = 0.005 and MAX-P = 0.995 
minIAR
Using real-time output
the "intra+extra+all factors" instruments

time =

    0.6134

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 0.418 ,rho2= 0.068,rho3= -0.285,gamma_pi= 1.126,gamma_y= 0.162 
minIAR = -0.000 and MAX-P = 1.000 
minIAR
Using real-time output
the first 6 factors

time =

    0.6375

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 0.460 ,rho2= 0.346,rho3= -0.197,gamma_pi= 1.196,gamma_y= 0.117 
minIAR = 9.541 and MAX-P = 0.000 
minIAR
Using real-time output
the first ENDOG factors

time =

    0.5626

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 0.524 ,rho2= 0.428,rho3= -0.396,gamma_pi= 0.683,gamma_y= 0.162 
minIAR = -0.000 and MAX-P = 1.000 
minIAR
Using marginal cost measure
the "intra+extra" instruments

time =

    0.6571

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 0.980 ,rho2= -0.346,rho3= 0.449,gamma_pi= 0.000,gamma_y= 0.184 
minIAR = 0.469 and MAX-P = 0.891 
minIAR
Using marginal cost measure
the "intra+extra+important factors" instruments

time =

    0.6349

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 1.688 ,rho2= 0.455,rho3= -0.283,gamma_pi= 0.000,gamma_y= 0.307 
minIAR = 2.916 and MAX-P = 0.060 
minIAR
Using marginal cost measure
the "intra+extra+other factors" instruments

time =

    0.6263

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 0.978 ,rho2= -0.180,rho3= -0.507,gamma_pi= 1.090,gamma_y= 0.000 
minIAR = 0.585 and MAX-P = 0.560 
minIAR
Using marginal cost measure
the "intra+extra+all factors" instruments

time =

    0.6535

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 1.159 ,rho2= 0.000,rho3= 0.000,gamma_pi= 0.000,gamma_y= 0.840 
minIAR = 0.680 and MAX-P = 0.510 
minIAR
Using marginal cost measure
the first 6 factors

time =

    0.6149

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 1.150 ,rho2= -0.001,rho3= 0.005,gamma_pi= 0.000,gamma_y= 0.939 
minIAR = 6.194 and MAX-P = 0.000 
minIAR
Using marginal cost measure
the first ENDOG factors

time =

    0.6142

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 1.366 ,rho2= -0.001,rho3= -0.003,gamma_pi= 0.000,gamma_y= 0.816 
minIAR = 3.283 and MAX-P = 0.043 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    0.6986

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    1.3085

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [0.000,2.000] 
ipsoIARCS
Using real-time output
the "intra+extra+important factors" instruments

time =

    0.7067

does not pass the test!!!
Using real-time output
the "intra+extra+important factors" instruments

time =

    1.2982

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [0.020,2.000] 
ipsoIARCS
Using real-time output
the "intra+extra+important factors" instruments

time =

    0.6296

does not pass the test!!!
Using real-time output
the "intra+extra+important factors" instruments

time =

    1.2183

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [0.009,2.000] 
ipsoIARCS
Using real-time output
the "intra+extra+important factors" instruments

time =

    0.6473

does not pass the test!!!
Using real-time output
the "intra+extra+important factors" instruments

time =

    1.2853

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [0.012,2.000] 
ipsoIARCS
Using real-time output
the "intra+extra+important factors" instruments

time =

    0.7150

does not pass the test!!!
Using real-time output
the "intra+extra+important factors" instruments

time =

    1.3387

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [0.008,2.000] 
ipsoIARCS
Using real-time output
the "intra+extra+important factors" instruments

time =

    0.6941

does not pass the test!!!
Using real-time output
the "intra+extra+important factors" instruments

time =

    1.3054

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [0.009,2.000] 
ipsoIARCS
Using real-time output
the "intra+extra+other factors" instruments

time =

    0.7071

does not pass the test!!!
Using real-time output
the "intra+extra+other factors" instruments

time =

    1.3066

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [0.000,2.000] 
ipsoIARCS
Using real-time output
the "intra+extra+all factors" instruments

time =

    0.6948

does not pass the test!!!
Using real-time output
the "intra+extra+all factors" instruments

time =

    1.2929

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [0.460,2.000] 
ipsoIARCS
Using real-time output
the "intra+extra+all factors" instruments

time =

    0.6878

does not pass the test!!!
Using real-time output
the "intra+extra+all factors" instruments

time =

    1.3101

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [0.313,2.000] 
ipsoIARCS
Using real-time output
the "intra+extra+all factors" instruments

time =

    0.7073

does not pass the test!!!
Using real-time output
the "intra+extra+all factors" instruments

time =

    1.2989

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [0.169,2.000] 
ipsoIARCS
Using real-time output
the "intra+extra+all factors" instruments

time =

    0.7004

does not pass the test!!!
Using real-time output
the "intra+extra+all factors" instruments

time =

    1.2961

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [0.254,2.000] 
ipsoIARCS
Using real-time output
the "intra+extra+all factors" instruments

time =

    0.7069

does not pass the test!!!
Using real-time output
the "intra+extra+all factors" instruments

time =

    1.3094

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [0.319,2.000] 
ipsoIARCS
Using real-time output
the "intra+extra+all factors" instruments

time =

    0.7144

does not pass the test!!!
Using real-time output
the "intra+extra+all factors" instruments

time =

    1.3261

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [0.198,2.000] 
ipsoIARCS
Using real-time output
the first 6 factors

time =

    0.6938

does not pass the test!!!
non-zero penalty!!!
Using real-time output
the first 6 factors

time =

    1.3338

does not pass the test!!!
non-zero penalty!!!
Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [1870.409,-1736.184] 
ipsoIARCS
Using real-time output
the first ENDOG factors

time =

    0.6930

does not pass the test!!!
Using real-time output
the first ENDOG factors

time =

    1.3575

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [0.112,2.000] 
ipsoIARCS
Using real-time output
the first ENDOG factors

time =

    0.7071

does not pass the test!!!
Using real-time output
the first ENDOG factors

time =

    1.3913

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [0.048,1.997] 
ipsoIARCS
Using real-time output
the first ENDOG factors

time =

    0.7059

does not pass the test!!!
Using real-time output
the first ENDOG factors

time =

    1.3508

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [0.046,2.000] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    0.6551

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    1.1843

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.000,0.997] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    0.7017

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    1.3049

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.000,1.000] 
ipsoIARCS
Using real-time output
the "intra+extra+important factors" instruments

time =

    0.7145

does not pass the test!!!
Using real-time output
the "intra+extra+important factors" instruments

time =

    1.3341

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.036,1.000] 
ipsoIARCS
Using real-time output
the "intra+extra+important factors" instruments

time =

    0.6525

does not pass the test!!!
Using real-time output
the "intra+extra+important factors" instruments

time =

    1.1809

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.021,1.000] 
ipsoIARCS
Using real-time output
the "intra+extra+important factors" instruments

time =

    0.7049

does not pass the test!!!
Using real-time output
the "intra+extra+important factors" instruments

time =

    1.3189

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.023,1.000] 
ipsoIARCS
Using real-time output
the "intra+extra+other factors" instruments

time =

    0.6461

does not pass the test!!!
Using real-time output
the "intra+extra+other factors" instruments

time =

    1.2450

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.000,1.000] 
ipsoIARCS
Using real-time output
the "intra+extra+all factors" instruments

time =

    0.7252

does not pass the test!!!
Using real-time output
the "intra+extra+all factors" instruments

time =

    1.3423

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.047,0.584] 
ipsoIARCS
Using real-time output
the "intra+extra+all factors" instruments

time =

    0.6977

does not pass the test!!!
Using real-time output
the "intra+extra+all factors" instruments

time =

    1.3418

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.049,0.584] 
ipsoIARCS
Using real-time output
the "intra+extra+all factors" instruments

time =

    0.7496

does not pass the test!!!
Using real-time output
the "intra+extra+all factors" instruments

time =

    1.3524

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.043,0.585] 
ipsoIARCS
Using real-time output
the first 6 factors

time =

    0.6943

does not pass the test!!!
non-zero penalty!!!
Using real-time output
the first 6 factors

time =

    1.3548

does not pass the test!!!
non-zero penalty!!!
Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [2687.602,-1819.989] 
ipsoIARCS
Using real-time output
the first ENDOG factors

time =

    0.7183

does not pass the test!!!
Using real-time output
the first ENDOG factors

time =

    1.3703

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.044,1.000] 
ipsoIARCS
Using real-time output
the first ENDOG factors

time =

    0.6870

does not pass the test!!!
Using real-time output
the first ENDOG factors

time =

    1.3624

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.022,1.000] 
ipsoIARCS
Using real-time output
the first ENDOG factors

time =

    0.6957

does not pass the test!!!
Using real-time output
the first ENDOG factors

time =

    1.3774

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.017,1.000] 
ipsoIARCS
Using real-time output
the first ENDOG factors

time =

    0.6972

does not pass the test!!!
Using real-time output
the first ENDOG factors

time =

    1.3480

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.024,1.000] 
ipsoIARCS
Using marginal cost measure
the "intra+extra" instruments

time =

    0.7087

does not pass the test!!!
Using marginal cost measure
the "intra+extra" instruments

time =

    1.3431

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [0.000,2.000] 
ipsoIARCS
Using marginal cost measure
the "intra+extra+important factors" instruments

time =

    0.6846

does not pass the test!!!
Using marginal cost measure
the "intra+extra+important factors" instruments

time =

    1.2978

non-zero penalty!!!
Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [0.000,0.098] 
ipsoIARCS
Using marginal cost measure
the "intra+extra+important factors" instruments

time =

    0.7004

does not pass the test!!!
Using marginal cost measure
the "intra+extra+important factors" instruments

time =

    1.2887

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [0.000,0.102] 
ipsoIARCS
Using marginal cost measure
the "intra+extra+important factors" instruments

time =

    0.6959

does not pass the test!!!
Using marginal cost measure
the "intra+extra+important factors" instruments

time =

    1.2995

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [0.000,0.100] 
ipsoIARCS
Using marginal cost measure
the "intra+extra+important factors" instruments

time =

    0.7074

does not pass the test!!!
Using marginal cost measure
the "intra+extra+important factors" instruments

time =

    1.2964

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [0.000,0.103] 
ipsoIARCS
Using marginal cost measure
the "intra+extra+other factors" instruments

time =

    0.6472

does not pass the test!!!
Using marginal cost measure
the "intra+extra+other factors" instruments

time =

    1.2148

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [0.000,2.000] 
ipsoIARCS
Using marginal cost measure
the "intra+extra+all factors" instruments

time =

    0.6931

does not pass the test!!!
Using marginal cost measure
the "intra+extra+all factors" instruments

time =

    1.2981

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [0.000,2.000] 
ipsoIARCS
Using marginal cost measure
the first 6 factors

time =

    0.6997

does not pass the test!!!
non-zero penalty!!!
Using marginal cost measure
the first 6 factors

time =

    1.3708

does not pass the test!!!
non-zero penalty!!!
Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [941.325,-781.134] 
ipsoIARCS
Using marginal cost measure
the first ENDOG factors

time =

    0.6818

does not pass the test!!!
non-zero penalty!!!
Using marginal cost measure
the first ENDOG factors

time =

    1.3460

does not pass the test!!!
non-zero penalty!!!
Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [6.979,-2.784] 
ipsoIARCS
Using marginal cost measure
the first ENDOG factors

time =

    0.6660

does not pass the test!!!
non-zero penalty!!!
Using marginal cost measure
the first ENDOG factors

time =

    1.3235

does not pass the test!!!
non-zero penalty!!!
Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [19.760,-14.987] 
ipsoIARCS
Using marginal cost measure
the first ENDOG factors

time =

    0.6296

does not pass the test!!!
non-zero penalty!!!
Using marginal cost measure
the first ENDOG factors

time =

    1.2936

does not pass the test!!!
non-zero penalty!!!
Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [10.397,-13.569] 
minIAR
Using marginal cost measure
the first ENDOG factors

time =

    0.6008

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 1.806 ,rho2= -0.027,rho3= 0.034,gamma_pi= 0.000,gamma_y= 0.371 
minIAR = 3.284 and MAX-P = 0.043 
ipsoIARCS
Using marginal cost measure
the "intra+extra" instruments

time =

    0.6410

does not pass the test!!!
Using marginal cost measure
the "intra+extra" instruments

time =

    1.2653

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.000,1.000] 
ipsoIARCS
Using marginal cost measure
the "intra+extra+important factors" instruments

time =

    0.7047

does not pass the test!!!
Using marginal cost measure
the "intra+extra+important factors" instruments

time =

    1.3096

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.163,1.000] 
ipsoIARCS
Using marginal cost measure
the "intra+extra+important factors" instruments

time =

    0.7181

does not pass the test!!!
Using marginal cost measure
the "intra+extra+important factors" instruments

time =

    1.3523

non-zero penalty!!!
Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.174,0.999] 
ipsoIARCS
Using marginal cost measure
the "intra+extra+important factors" instruments

time =

    0.7073

does not pass the test!!!
Using marginal cost measure
the "intra+extra+important factors" instruments

time =

    1.2970

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.119,1.000] 
ipsoIARCS
Using marginal cost measure
the "intra+extra+important factors" instruments

time =

    0.7374

does not pass the test!!!
Using marginal cost measure
the "intra+extra+important factors" instruments

time =

    1.3246

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.199,1.000] 
ipsoIARCS
Using marginal cost measure
the "intra+extra+other factors" instruments

time =

    0.6288

does not pass the test!!!
Using marginal cost measure
the "intra+extra+other factors" instruments

time =

    1.2152

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.000,1.000] 
ipsoIARCS
Using marginal cost measure
the "intra+extra+all factors" instruments

time =

    0.7171

does not pass the test!!!
Using marginal cost measure
the "intra+extra+all factors" instruments

time =

    1.2918

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.088,1.000] 
ipsoIARCS
Using marginal cost measure
the "intra+extra+all factors" instruments

time =

    0.7032

does not pass the test!!!
Using marginal cost measure
the "intra+extra+all factors" instruments

time =

    1.2858

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.073,1.000] 
ipsoIARCS
Using marginal cost measure
the "intra+extra+all factors" instruments

time =

    0.7050

does not pass the test!!!
Using marginal cost measure
the "intra+extra+all factors" instruments

time =

    1.3226

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.046,1.000] 
ipsoIARCS
Using marginal cost measure
the "intra+extra+all factors" instruments

time =

    0.6615

does not pass the test!!!
Using marginal cost measure
the "intra+extra+all factors" instruments

time =

    1.2594

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.041,1.000] 
ipsoIARCS
Using marginal cost measure
the "intra+extra+all factors" instruments

time =

    0.7206

does not pass the test!!!
Using marginal cost measure
the "intra+extra+all factors" instruments

time =

    1.3101

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.064,1.000] 
check_inva
size and power study of the F cutoff-based LR test, Giannoni Woodford Model, p=4
Pvalue= 0.1300 ,LRmc= 1.2187 , LRmcF= 2.2224 

time =

    7.4171

check_inva
size and power study of the F cutoff-based LR test, Giannoni Woodford Model, p=4
Pvalue= 0.1600 ,LRmc= 1.1874 , LRmcF= 1.9192 

time =

    6.5764

check_inva
size and power study of the F cutoff-based LR test, Giannoni Woodford Model, p=4
Pvalue= 0.1300 ,LRmc= 1.2187 , LRmcF= 2.2224 

time =

    6.5075

main_pout_iden
size and power study of the F cutoff-based LR test, Linde Model, p=4
minGAR
Using real-time output
the first 6 factors

time =

    4.2662

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 
The best solution for coefficients: rho1= 0.605 rho2= 0.523 rho3= -0.388 gamma_pi= 1.234 gamma_y= 0.305, minGAR = 2.955 and MAX-P = 0.966 
minGAR
Using real-time output
the first 6 factors

time =

    8.8329

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 
The best solution for coefficients: rho1= 0.914 rho2= -0.284 rho3= 0.114 gamma_pi= 1.509 gamma_y= 0.329, minGAR = 2.087 and MAX-P = 0.990 
minGAR
Using real-time output
the "intra+extra" instruments

time =

    8.8219

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 
The best solution for coefficients: rho1= 1.204 rho2= 0.049 rho3= -0.252 gamma_pi= 0.892 gamma_y= 0.287, minGAR = 0.799 and MAX-P = 1.000 
ipsoGARCS
Using real-time output
the "intra+extra" instruments

time =

    4.2670

Using real-time output
the "intra+extra" instruments

time =

    8.4109

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    4 
bands= [0.000,2.000] 
ipsoGARCS
Using real-time output
the "intra+extra" instruments

time =

    4.5759

Using real-time output
the "intra+extra" instruments

time =

    8.6044

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    5 
bands= [0.000,1.000] 
ipsoGARCS
Using real-time output
the first 6 factors

time =

    4.4059

Using real-time output
the first 6 factors

time =

    8.5073

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    4 
bands= [0.000,2.000] 
ipsoGARCS
Using real-time output
the first 6 factors

time =

    4.2968

Using real-time output
the first 6 factors

time =

    8.4528

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    5 
bands= [0.107,0.695] 
ipsoGARCS
Using real-time output
the first 6 factors

time =

    4.2617

Using real-time output
the first 6 factors

time =

    8.4636

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    5 
bands= [0.097,0.766] 
ipsoGARCS
Using real-time output
the first 6 factors

time =

    4.2886

Using real-time output
the first 6 factors

time =

    8.4273

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    5 
bands= [0.103,0.699] 
ipsoGARCS
Using real-time output
the first 6 factors

time =

    4.2187

Using real-time output
the first 6 factors

time =

    8.4038

non-zero penalty!!!
Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    5 
bands= [0.111,0.772] 
ipsoGARCS
Using real-time output
the first 6 factors

time =

    4.2625

Using real-time output
the first 6 factors

time =

    8.2520

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    5 
bands= [0.108,1.000] 
ipsoGARCS
Using real-time output
the first 6 factors

time =

    4.2071

Using real-time output
the first 6 factors

time =

    8.3943

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    5 
bands= [0.000,0.990] 
ipsoGARCS
Using real-time output
the "intra+extra" instruments

time =

    8.8268

Using real-time output
the "intra+extra" instruments

time =

   17.2494

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    4 
bands= [0.001,1.993] 
ipsoGARCS
Using real-time output
the "intra+extra" instruments

time =

    8.8394

Using real-time output
the "intra+extra" instruments

time =

   17.4682

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    4 
bands= [0.000,2.000] 
ipsoGARCS
Using real-time output
the "intra+extra" instruments

time =

    8.9910

Using real-time output
the "intra+extra" instruments

time =

   17.7764

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    5 
bands= [0.000,0.995] 
ipsoGARCS
Using real-time output
the "intra+extra" instruments

time =

    8.9834

Using real-time output
the "intra+extra" instruments

time =

   17.5967

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    5 
bands= [0.000,0.999] 
ipsoGARCS
Using real-time output
the "intra+extra" instruments

time =

    8.8566

Using real-time output
the "intra+extra" instruments

time =

   17.6191

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    5 
bands= [0.000,0.994] 
ipsoGARCS
Using real-time output
the first 6 factors

time =

    8.8859

Using real-time output
the first 6 factors

time =

   17.2746

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    4 
bands= [0.003,2.000] 
ipsoGARCS
Using real-time output
the first 6 factors

time =

    8.9178

Using real-time output
the first 6 factors

time =

   17.6294

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    4 
bands= [0.069,2.000] 
ipsoGARCS
Using real-time output
the first 6 factors

time =

    8.8884

Using real-time output
the first 6 factors

time =

   17.6528

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    4 
bands= [0.000,2.000] 
ipsoGARCS
Using real-time output
the first 6 factors

time =

    8.7173

Using real-time output
the first 6 factors

time =

   17.4074

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    5 
bands= [0.000,0.999] 
ipsoGARCS
Using real-time output
the first 6 factors

time =

    8.4478

Using real-time output
the first 6 factors

time =

   17.2268

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    5 
bands= [0.000,1.000] 
minGAR
Using real-time output
the "intra+extra" instruments

time =

    4.3667

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 
The best solution for coefficients: beta_y1= 0.176 beta_y2= 0.441 beta_y3= 0.182 beta_y4= 0.017 beta_f= 0.188 ,beta_r= 20.879, minGAR = 1.755 and MAX-P = 1.000 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    0.6670

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    1.2546

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    6 
bands= [-0.997,0.990] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    0.6643

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    1.2479

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    6 
bands= [-1.985,0.995] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    0.7841

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    1.3741

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    6 
bands= [-0.265,0.993] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    0.6515

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    1.2557

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    6 
bands= [-1.981,0.994] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    1.1031

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    2.1790

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    6 
bands= [0.082,0.947] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    1.0754

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    2.0603

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    6 
bands= [-1.162,0.952] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    1.0720

does not pass the test!!!
non-zero penalty!!!
Using real-time output
the "intra+extra" instruments

time =

    2.0214

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    6 
bands= [-0.200,0.942] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    1.0618

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    2.1023

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    6 
bands= [-0.369,0.830] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    1.0603

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    2.0148

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    6 
bands= [-1.831,0.951] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    1.0685

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    2.0081

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    6 
bands= [-1.920,0.952] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    1.0484

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    2.0264

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    6 
bands= [-1.505,0.947] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    0.9732

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    1.9584

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    6 
bands= [-0.536,0.953] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    1.1174

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    2.0943

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    6 
bands= [-1.084,0.909] 
ipsoGARCS
Using real-time output
the first 6 factors

time =

    8.7761

does not pass the test!!!
Using real-time output
the first 6 factors

time =

   17.2529

{Attempted to access Xnbest(1,6); index out of bounds because size(Xnbest)=[1,5].

Error in <a href="matlab:helpUtils.errorDocCallback('ipsoGARCS', '/Users/zhenjianglin/Documents/MATLAB/Ivfactor/psonew/taylor/ipsoGARCS.m', 686)" style="font-weight:bold">ipsoGARCS</a> (<a href="matlab: opentoline('/Users/zhenjianglin/Documents/MATLAB/Ivfactor/psonew/taylor/ipsoGARCS.m',686,0)">line 686</a>)
if abs(Xnbest(1,npar))~=abs(nbest)
} 
ipsoGARCS
Using real-time output
the first 6 factors

time =

    8.7093

does not pass the test!!!
Using real-time output
the first 6 factors

time =

   16.9432

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    6 
bands= [-1.188,3.167] 
ipsoGARCS
Using real-time output
the first 6 factors

time =

    8.5077

does not pass the test!!!
Using real-time output
the first 6 factors

time =

   17.0035

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    6 
bands= [-1.946,3.918] 
ipsoGARCS
Using real-time output
the first 6 factors

time =

    8.4625

does not pass the test!!!
Using real-time output
the first 6 factors

time =

   16.6313

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    6 
bands= [-0.680,2.993] 
ipsoGARCS
Using real-time output
the "intra+extra" instruments

time =

    8.5607

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

   16.7193

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    6 
bands= [0.158,1.680] 
ipsoGARCS
Using real-time output
the "intra+extra" instruments

time =

    8.7212

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

   16.9532

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    6 
bands= [0.034,2.220] 
ipsoGARCS
Using real-time output
the "intra+extra" instruments

time =

    8.6709

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

   17.0710

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    6 
bands= [-0.364,1.995] 
ipsoGARCS
Using real-time output
the "intra+extra" instruments

time =

    8.6040

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

   17.0660

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    6 
bands= [-0.006,1.665] 
ipsoGARCS
Using real-time output
the "intra+extra" instruments

time =

    4.4458

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    8.6961

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    6 
bands= [-0.994,2.860] 
ipsoGARCS
Using real-time output
the "intra+extra" instruments

time =

    4.2710

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    8.1949

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    6 
bands= [-0.050,3.037] 
ipsoGARCS
Using real-time output
the "intra+extra" instruments

time =

    4.2808

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    8.2608

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    6 
bands= [0.002,2.848] 
ipsoGARCS
Using real-time output
the "intra+extra" instruments

time =

    4.2811

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    8.2127

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    6 
bands= [-0.890,2.909] 
ipsoGARCS
Using real-time output
the first 6 factors

time =

    4.0687

does not pass the test!!!
Using real-time output
the first 6 factors

time =

    7.9794

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    6 
bands= [-0.481,0.896] 
ipsoGARCS
Using real-time output
the first 6 factors

time =

    4.1894

does not pass the test!!!
Using real-time output
the first 6 factors

time =

    8.3594

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    6 
bands= [0.000,0.964] 
ipsoGARCS
Using real-time output
the first 6 factors

time =

    4.2280

does not pass the test!!!
non-zero penalty!!!
Using real-time output
the first 6 factors

time =

    8.1343

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    6 
bands= [-0.435,1.061] 
ipsoGARCS
Using real-time output
the first 6 factors

time =

    4.2607

does not pass the test!!!
Using real-time output
the first 6 factors

time =

    8.1858

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    6 
bands= [0.005,1.009] 
ipsoGARCS
Using real-time output
the first 6 factors

time =

    4.2412

does not pass the test!!!
Using real-time output
the first 6 factors

time =

    8.1800

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    6 
bands= [-1.123,0.940] 
ipsoGARCS
Using real-time output
the first 6 factors

time =

    4.2522

does not pass the test!!!
Using real-time output
the first 6 factors

time =

    8.1221

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    6 
bands= [-0.003,0.970] 
ipsoGARCS
Using real-time output
the first 6 factors

time =

    4.0495

does not pass the test!!!
Using real-time output
the first 6 factors

time =

    8.0622

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    6 
bands= [0.568,0.978] 
ipsoIARCS
Using real-time output
the first 6 factors

time =

    1.0213

does not pass the test!!!
non-zero penalty!!!
Using real-time output
the first 6 factors

time =

    2.0476

does not pass the test!!!
non-zero penalty!!!
Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    6 
bands= [5106.334,-5624.277] 
ipsoIARCS
Using real-time output
the first 6 factors

time =

    0.7366

does not pass the test!!!
non-zero penalty!!!
Using real-time output
the first 6 factors

time =

    1.3349

does not pass the test!!!
non-zero penalty!!!
Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    6 
bands= [1744.643,-1969.032] 
ipsoGARCS
Using real-time output
the "intra+extra" instruments
{Attempted to access lb(5); index out of bounds because numel(lb)=4.

Error in <a href="matlab:helpUtils.errorDocCallback('ipsoGARCS', '/Users/zhenjianglin/Documents/MATLAB/Ivfactor/psonew/taylor_Mav2010AER/ipsoGARCS.m', 459)" style="font-weight:bold">ipsoGARCS</a> (<a href="matlab: opentoline('/Users/zhenjianglin/Documents/MATLAB/Ivfactor/psonew/taylor_Mav2010AER/ipsoGARCS.m',459,0)">line 459</a>)
Xii(:,4)=lb(5)+(ub(5)-lb(4))*rand(M,1);  %gamma_y
} 
ipsoGARCS
Using real-time output
the "intra+extra" instruments

time =

    4.3470

{Attempted to access Xnbest(1,5); index out of bounds because size(Xnbest)=[1,4].

Error in <a href="matlab:helpUtils.errorDocCallback('ipsoGARCS', '/Users/zhenjianglin/Documents/MATLAB/Ivfactor/psonew/taylor_Mav2010AER/ipsoGARCS.m', 650)" style="font-weight:bold">ipsoGARCS</a> (<a href="matlab: opentoline('/Users/zhenjianglin/Documents/MATLAB/Ivfactor/psonew/taylor_Mav2010AER/ipsoGARCS.m',650,0)">line 650</a>)
    elseif Xnbest(1,5)<lb(5) || Xnbest(1,5)>ub(5)
} 
ipsoGARCS
Using real-time output
the "intra+extra" instruments

time =

    4.3450

Using real-time output
the "intra+extra" instruments

time =

    8.2947

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    5 
bands= [-1.908,0.893] 
minIAR
Using real-time output
the "intra+extra" instruments

time =

    1.1306

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 1.051 ,rho2= -0.393,rho_sum= 0.908,gamma_pi= 1.510,gamma_y= 0.267 
minIAR = 1.417 and MAX-P = 0.184 
minIAR
Using real-time output
the first 6 factors

time =

    1.1133

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 0.467 ,rho2= 0.005,rho_sum= 0.724,gamma_pi= 1.855,gamma_y= 0.399 
minIAR = 10.015 and MAX-P = 0.000 
minIAR
Using real-time output
the first 6 factors

time =

    0.6283

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 1.319 ,rho2= -0.475,rho_sum= 0.857,gamma_pi= 0.950,gamma_y= 0.298 
minIAR = 7.557 and MAX-P = 0.000 
minIAR
Using real-time output
the first 6 factors

time =

    0.6374

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 1.276 ,rho2= -0.501,rho_sum= 0.822,gamma_pi= 1.628,gamma_y= 0.255 
minIAR = 6.647 and MAX-P = 0.000 
minIAR
Using real-time output
the "intra+extra" instruments

time =

    0.6563

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 1.082 ,rho2= -0.008,rho_sum= 0.850,gamma_pi= 1.255,gamma_y= 0.179 
minIAR = 1.394 and MAX-P = 0.207 
ipsoGARCS
Using real-time output
the "intra+extra" instruments

time =

    4.3489

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    8.4309

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    3 
bands= [0.000,1.000] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    1.1431

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    2.1381

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    3 
bands= [0.839,0.922] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    1.1103

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    2.0901

does not pass the test!!!
non-zero penalty!!!
Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    3 
bands= [596.319,0.938] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    1.2058

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    2.3056

does not pass the test!!!
non-zero penalty!!!
Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    3 
bands= [20.652,0.950] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    1.0992

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    2.0727

does not pass the test!!!
non-zero penalty!!!
Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    3 
bands= [47.070,0.941] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    1.2085

does not pass the test!!!
non-zero penalty!!!
Using real-time output
the "intra+extra" instruments

time =

    2.3387

does not pass the test!!!
non-zero penalty!!!
Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    3 
bands= [1621.037,-55.713] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    1.2392

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    2.3206

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    3 
bands= [0.820,0.943] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    1.2412

does not pass the test!!!
non-zero penalty!!!
Using real-time output
the "intra+extra" instruments

time =

    2.3614

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [0.804,-586.348] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    1.2153

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    2.3673

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [1.065,1.665] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    1.2068

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    2.3333

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [1.125,1.999] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    1.2178

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    2.3711

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [1.040,1.945] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    1.2105

does not pass the test!!!
non-zero penalty!!!
Using real-time output
the "intra+extra" instruments

time =

    2.3452

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.107,0.397] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    1.2400

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    2.3726

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.131,0.284] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    1.2123

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    2.3269

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.088,0.370] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    1.2389

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    2.3587

does not pass the test!!!
non-zero penalty!!!
Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [69.842,0.389] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    1.2593

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    2.3760

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.079,0.328] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    1.1902

does not pass the test!!!
non-zero penalty!!!
Using real-time output
the "intra+extra" instruments

time =

    2.3162

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.064,-2665.762] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    1.2086

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    2.3325

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.164,0.328] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    0.7112

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    1.3727

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    3 
bands= [0.657,0.966] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    0.7547

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    1.4185

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    3 
bands= [0.634,0.869] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    0.7413

does not pass the test!!!
non-zero penalty!!!
Using real-time output
the "intra+extra" instruments

time =

    1.3507

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    3 
bands= [0.655,-80.627] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    0.7434

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    1.3543

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    3 
bands= [0.660,0.937] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    0.7356

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    1.3535

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [0.275,2.000] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    0.7536

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    1.3578

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [0.288,2.000] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    0.7562

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    1.3734

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.054,0.378] 
ipsoGARCS
Using real-time output
the "intra+extra" instruments

time =

    8.9078

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

   17.3635

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    3 
bands= [0.053,1.000] 
ipsoGARCS
Using real-time output
the "intra+extra" instruments

time =

    8.9485

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

   17.5762

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    3 
bands= [0.004,1.000] 
ipsoGARCS
Using real-time output
the "intra+extra" instruments

time =

    8.6136

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

   17.2090

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    3 
bands= [0.011,1.000] 
ipsoGARCS
Using real-time output
the "intra+extra" instruments

time =

    8.7401

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

   17.5364

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    4 
bands= [0.000,2.000] 
ipsoGARCS
Using real-time output
the "intra+extra" instruments

time =

    9.0494

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

   17.7274

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    5 
bands= [0.000,0.999] 
ipsoGARCS
Using real-time output
the first 6 factors

time =

    8.7519

does not pass the test!!!
Using real-time output
the first 6 factors

time =

   17.3793

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    2 
bands= [-1.000,0.999] 
ipsoGARCS
Using real-time output
the first 6 factors

time =

    8.9153

does not pass the test!!!
Using real-time output
the first 6 factors

time =

   17.2114

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    2 
bands= [-1.000,1.000] 
ipsoGARCS
Using real-time output
the first 6 factors

time =

    8.9475

does not pass the test!!!
Using real-time output
the first 6 factors

time =

   17.4790

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    3 
bands= [0.000,1.000] 
ipsoGARCS
Using real-time output
the first 6 factors

time =

    8.7605

does not pass the test!!!
Using real-time output
the first 6 factors

time =

   17.4863

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    4 
bands= [0.099,1.994] 
ipsoGARCS
Using real-time output
the first 6 factors

time =

    8.7633

does not pass the test!!!
Using real-time output
the first 6 factors

time =

   17.3400

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    5 
bands= [0.000,0.996] 
ipsoGARCS
Using real-time output
the first 6 factors

time =

    8.5608

does not pass the test!!!
Using real-time output
the first 6 factors

time =

   16.8060

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    5 
bands= [0.000,1.000] 
ipsoGARCS
Using real-time output
the "intra+extra" instruments

time =

    4.3262

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    8.2608

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    3 
bands= [0.017,1.000] 
ipsoGARCS
Using real-time output
the "intra+extra" instruments

time =

    4.5034

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    8.5229

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    5 
bands= [0.000,0.362] 
ipsoGARCS
Using real-time output
the "intra+extra" instruments

time =

    4.3801

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    8.3454

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    5 
bands= [0.000,0.751] 
ipsoGARCS
Using real-time output
the "intra+extra" instruments

time =

    4.2580

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    8.2860

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    5 
bands= [0.000,0.979] 
ipsoGARCS
Using real-time output
the first 6 factors

time =

    4.3469

does not pass the test!!!
Using real-time output
the first 6 factors

time =

    8.3201

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    3 
bands= [0.000,0.998] 
ipsoGARCS
Using real-time output
the first 6 factors

time =

    4.5760

does not pass the test!!!
Using real-time output
the first 6 factors

time =

    8.6924

non-zero penalty!!!
Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    3 
bands= [0.161,0.986] 
ipsoGARCS
Using real-time output
the first 6 factors

time =

    4.3149

does not pass the test!!!
Using real-time output
the first 6 factors

time =

    8.2858

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    4 
bands= [0.000,2.000] 
ipsoGARCS
Using real-time output
the first 6 factors

time =

    4.4241

does not pass the test!!!
Using real-time output
the first 6 factors

time =

    8.4170

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    5 
bands= [0.000,0.959] 
ipsoGARCS
Using real-time output
the first 6 factors

time =

    4.3333

does not pass the test!!!
Using real-time output
the first 6 factors

time =

    8.3758

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    5 
bands= [0.106,0.958] 
ipsoGARCS
Using real-time output
the first 6 factors

time =

    4.4006

does not pass the test!!!
Using real-time output
the first 6 factors

time =

    8.4130

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    5 
bands= [0.101,0.771] 
ipsoGARCS
Using real-time output
the first 6 factors

time =

    4.5769

does not pass the test!!!
Using real-time output
the first 6 factors

time =

    8.7440

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    5 
bands= [0.075,0.739] 
ipsoGARCS
Using real-time output
the first 6 factors

time =

    4.2400

does not pass the test!!!
Using real-time output
the first 6 factors

time =

    8.5279

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    5 
bands= [0.101,0.759] 
minIAR
Using real-time output
the first 6 factors

time =

    0.7290

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 0.718 ,rho2= -0.303,rho_sum= 0.850,gamma_pi= 1.258,gamma_y= 0.634 
minIAR = 9.606 and MAX-P = 0.000 
minIAR
Using real-time output
the first 6 factors

time =

    0.6794

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 0.719 ,rho2= -0.297,rho_sum= 0.846,gamma_pi= 1.255,gamma_y= 0.604 
minIAR = 9.607 and MAX-P = 0.000 
minIAR
Using real-time output
the first 6 factors

time =

    0.6927

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 0.709 ,rho2= -0.289,rho_sum= 0.848,gamma_pi= 1.337,gamma_y= 0.617 
minIAR = 9.604 and MAX-P = 0.000 
minIAR
Using real-time output
the "intra+extra" instruments

time =

    0.6731

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 
The best solution for coefficients: rho1= 0.901 ,rho2= -0.344,rho_sum= 0.903,gamma_pi= 1.109,gamma_y= 0.488 
minIAR = 0.598 and MAX-P = 0.795 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    0.7665

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    1.4499

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    3 
bands= [0.784,0.983] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    0.7559

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    1.4269

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    3 
bands= [0.750,0.986] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    0.7261

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    1.3964

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    3 
bands= [0.745,0.987] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    0.7603

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    1.3834

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    3 
bands= [0.747,0.985] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    0.8104

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    1.4288

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    3 
bands= [0.750,0.988] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    0.7373

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    1.3306

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    4 
bands= [0.000,2.000] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    0.7013

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    1.3993

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.045,1.000] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    0.7808

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    1.4120

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.172,1.000] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    0.7518

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    1.3982

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.168,1.000] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    0.7676

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    1.4301

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.046,0.996] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    0.7801

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    1.4279

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.075,1.000] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    0.7956

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    1.4367

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.012,1.000] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    0.7589

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    1.3972

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.082,1.000] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    0.7669

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    1.4052

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.066,1.000] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    0.7765

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    1.4256

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.023,1.000] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    0.7591

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    1.3878

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.055,0.999] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    0.7667

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    1.4034

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    5 
bands= [0.215,0.999] 
ipsoGARCS
Using real-time output
the "intra+extra" instruments

time =

    4.7234

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    9.1589

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    3 
bands= [0.000,1.000] 
ipsoGARCS
Using real-time output
the "intra+extra" instruments

time =

    4.7294

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    9.1705

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    4 
bands= [0.000,2.000] 
ipsoGARCS
Using real-time output
the "intra+extra" instruments

time =

    4.9646

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    9.3325

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    5 
bands= [0.000,1.000] 
ipsoGARCS
Using real-time output
the first 6 factors

time =

    4.6763

does not pass the test!!!
Using real-time output
the first 6 factors

time =

    8.9793

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    3 
bands= [0.000,1.000] 
ipsoGARCS
Using real-time output
the first 6 factors

time =

    4.6985

does not pass the test!!!
Using real-time output
the first 6 factors

time =

    9.2905

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    4 
bands= [0.121,2.000] 
ipsoGARCS
Using real-time output
the first 6 factors

time =

    4.8514

does not pass the test!!!
Using real-time output
the first 6 factors

time =

    9.2353

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    4 
bands= [0.000,2.000] 
ipsoGARCS
Using real-time output
the first 6 factors

time =

    4.6470

does not pass the test!!!
Using real-time output
the first 6 factors

time =

    9.1021

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    5 
bands= [0.000,0.999] 
ipsoGARCS
Using real-time output
the first 6 factors

time =

    4.7474

does not pass the test!!!
Using real-time output
the first 6 factors

time =

    9.2324

Max NO. of Particles= 30.0 ,Max NO. of iterations= 40.0 , parameter    5 
bands= [0.000,1.000] 
ipsoIARCS
Using real-time output
the "intra+extra" instruments

time =

    0.6793

does not pass the test!!!
Using real-time output
the "intra+extra" instruments

time =

    1.2914

Max NO. of Particles= 80.0 ,Max NO. of iterations= 100.0 , parameter    2 
bands= [0.000,0.042] 
