Fear of mice avoid a mouse, showing there may be some basis for this belief. It is not known why elephants should react in this way, though there are several theories. Regardless, elephantine murophobia remains the basis of various jokes and metaphors. The classical board game Dou Shou Qi has the Rat kill an Elephant: as multiple editions of the rule book mentions that the Rat would crawl into the Elephant's ears to gnaw into its brain: but this is considered to be a folk tale. Gertrude of Nivelles is the patron saint of murophobia, and is also invoked against rats and mice
Abnormal return from the market portfolio in the estimation period, T – the numbers of days in the estimation period. Cumulative abnormal return, or CAR, is the sum of all abnormal returns. Cumulative Abnormal Returns are usually calculated over small windows, often only days. This is because evidence has shown that compounding daily abnormal returns can create bias in the results. Abnormal return In finance, an abnormal return is the difference between the actual return of a security and the expected return. Abnormal returns are sometimes triggered by "events." Events can include mergers, dividend announcements, company earning announcements, interest rate increases, lawsuits,