From: Short-term and long-term Interconnectedness of stock returns in Western Europe and the global market
 | Δ AUS | Δ BEL | Δ BTN | Δ DMK | Δ FIN | Δ FRN | Δ GMY | Δ GRC | Δ IRL | Δ ITL | Δ LXM | Δ MSCI | Δ NTL | Δ NRY | Δ PRT | Δ SPN | Δ SWN | Δ SWZ | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Δ AUS | −0.04 [−2.1] | - | −0.03 (−0.03) [−1.4] | 0.2 (−0.13) [2.4] | −0.05 (−0.04) [−1.5] | −0.03 (−0.03) [−0.4] | −0.08 (−0.03) [−0.8] | −0.02 (−0.0) [−0.3] | −0.05 (−0.0) [−2.1] | −0.05 (−0.0) [−1.8] | 0.05 (−0.0) [1.4] | −0.03 (−0.0) [−0.8] | −0.13 (−0.0) [−1.5] | −0.08 (−0.0) [−1.5] | −0.12 (−0.0) [−2.4] | −0.02 (−0.0) [−0.5] | −0.08 (−0.0) [−1.5] | 0.14 (−0.0) [2.3] | 0.03 (−0.0) [0.4] |
Δ BEL | −0.03 [−0.9] | 0.03 (−0.0) [0.6] | - | 0.07 (−0.18) [0.6] | 0.08 (−0.06) [0.8] | 0.02 (−0.08) [0.6] | 0.042 (−0.04) [1.7] | −0.17 (−0.0) [−2.3] | 0.07 (−0.0) [2.2] | −0.03 (−0.0) [−0.4] | 0.112 (−0.0) [1.6] | 0.05 (−0.0) [1.3] | −0.06 (−0.1) [−0.6] | −0.08 (−0.0) [−1.2] | 0.03 (−0.0) [0.6] | 0.04 (−0.0) [0.8] | −0.03 (−0.0) [−0.5] | −0.06 (−0.0) [−0.7] | 0.001 (−0.0) [−0.1] |
Δ BTN | −0.08 [−4.7] | 0.4 (−0.0) [8.8] | 0.05 (−0.03) [0.5] | - | −0.1 (−0.04) [−2.4] | −0.9 (−0.27) [−1.7] | −0.9 (−0.9) [−1.6] | 0.01 (−0.0) [0.2] | −0.02 (−0.0) [−1.1] | −0.08 (−0.0) [−1.6] | 0.006 (−0.0) [0.1] | −0.07 (−0.0) [−0.1] | −0.09 (−0.0) [−1.2] | −0.18 (−0.0) [−3.8] | −0.06 (−0.04) [−1.4] | 0.05 (−0.0) [1.4] | −0.01 (−0.05) [−0.3] | 0.12 (−0.05) [2.2] | 0.17 (−0.05) [3.1] |
Δ DMK | 0.09 [5.5] | −0.1 (−0.0) [−2.8] | −0.04 (−0.0) [−1.6] | −0.03 (−0.0) [−0.3] | - | 0.19 (−0.2) [0.7] | 0.59 (−0.7) [2.1] | −0.06 (−0.0) [−1.4] | 0.02 (−0.0) [1.1] | 0.21 (−0.0) [4.3] | −0.01 (−0.0) [−0.2] | 0.04 (−0.0) [1.3] | 0.134 (−0.0) [1.9] | 0.16 (−0.0) [3.7] | 0.11 (−0.0) [2.8] | 0.01 (−0.0) [0.3] | −0.06 (−0.0) [−0.1] | 0.06 (−0.0) [1.2] | −0.11 (−0.0) [−2.3] |
Δ FIN | 0.08 [2.2] | 0.37 (0.08) [4.4] | −0.06 (−0.0) [−0.9] | −0.41 (−0.2) [−2.9] | −0.06 (−0.0) [−0.7] | - | −0.24 (−0.0) [−3.6] | −0.27 (−0.1) [−2.3] | −0.02 (−0.0) [−0.5] | 0.11 (−0.1) [1.1] | 0.10 (−0.1) [1.8] | −0.19 (−0.0) [−1.4] | 0.15 (−0.1) [0.6] | 0.14 (−0.1) [1.3] | 0.13 (−0.0) [1.3] | 0.13 (−0.0) [1.5] | −0.13 (−0.1) [−1.2] | −0.04 (−0.1) [−0.3] | 0.08 (−0.1) [0.6] |
Δ FRN | 0.01 [0.6] | −0.07 (−0.0) [−1.2] | 0.01 (−0.0) [0.4] | 0.01 (−0.0) [0.4] | −0.03 (−0.0) [−0.5] | 0.72 (−0.0) [1.8] | - | −0.03 (−0.0) [−0.1] | −0.03 (−0.0) [−1.1] | 0.04 (−0.0) [0.6] | 0.02 (−0.0) [0.2] | 0.01 (−0.0) [0.3] | 0.03 (−0.1) [0.7] | 0.03 (−0.0) [0.4] | 0.04 (−0.0) [0.6] | 0.14 (−0.06) [1.7] | 0.05 (−0.07) [0.7] | −0.23 (−0.08) [−2.8] | −0.08 (−0.08) [−1.3] |
Δ GMY | −0.07 [−4.5] | 0.13 (−0.03) [3.75] | 0.03 (−0.0) [1.2] | 0.29 (−0.08) [3.59] | −0.08 (−0.08) [−2.09] | −0.03 (−0.02) [−1.54] | −0.01 (−0.02) [−0.43] | - | −0.01 (−0.0) [−0.8] | −0.09 (−0.0) [−2.1] | 0.07 (−0.0) [1.6] | −0.02 (−0.0) [−0.5] | −0.17 (−0.0) [−1.6] | 0.7 (−0.0) [8.8] | −0.05 (−0.0) [−1.2] | 0.06 (−0.03) [1.2] | 0.09 (−0.04) [1.96] | 0.09 (−0.05) [1.86] | 0.10 (−0.05) [2.4] |
Δ GRC | 0.07 [2.3] | 0.33 (−0.07) [4.5] | 0.07 (−0.0) [1.5] | −0.37 (−0.17) [−2.1] | 0.09 (−0.07) [0.2] | 0.14 (−0.05) [2.9] | −0.08 (−0.05) [−1.4] | −0.19 (−0.0) [−2.0] | - | 0.108 (−0.0) [1.2] | 0.04 (−0.0) [0.4] | 0.02 (−0.0) [0.3] | 0.17 (−0.1) [1.2] | 0.28 (−0.0) [2.3] | 0.29 (−0.0) [3.4] | 0.08 (−0.07) [1.5] | 0.03 (−0.09) [0.3] | −0.26 (−0.1) [−2.5] | 0.09 (−0.1) [0.9] |
Δ IRL | 0.07 [1.4] | 0.28 (−0.0) [1.2] | 0.06 (−0.0) [1.7] | −0.23 (−0.1) [−2.1] | 0.01 (−0.0) [0.5] | 0.05 (−0.0) [0.4] | −0.03 (−0.0) [−0.9] | −0.11 (−0.0) [−1.8] | 0.04 (−0.0) [1.6] | - | 0.04 (−0.0) [0.9] | −0.03 (−0.0) [−0.7] | 0.133 (−0.0) [1.5] | 0.08 (−0.0) [1.5] | 0.12 (−0.05) [2.4] | 0.02 (−0.04) [0.5] | −0.01 (−0.05) [−0.3] | −0.22 (−0.06) [−1.5] | 0.08 (−0.06) [1.3] |
Δ ITL | −0.06 [−3.4] | 0.11 (−0.03) [2.8] | 0.02 (−0.02) [0.8] | 0.35 (−0.08) [4.4] | −0.04 (−0.04) [−0.3] | −0.08 (−0.06) [−0.6] | −0.04 (−0.1) [−1.7] | 0.179 (−0.0) [3.4] | −0.05 (−0.0) [−2.2] | −0.03 (−0.0) [−0.8] | - | −0.03 (−0.0) [−0.8] | −0.08 (−0.0) [−1.1] | 0.5 (−0.0) [7.7] | −0.01 (−0.04) [−0.39] | 0.09 (−0.04) [2.4] | 0.13 (−0.04) [2.6] | 0.01 (−0.05) [0.1] | 0.00 (−0.05) [0.04] |
Δ LXM | −0.02 [−1.41] | 0.02 (−0.04) [0.56] | 0.09 (−0.03) [0.28] | 0.06 (−0.11) [0.64] | 0.138 (−0.05) [2.93] | −0.01 (−0.03) [−0.39] | 0.05 (−0.03) [1.8] | 0.13 (−0.0) [2.3] | −0.05 (−0.0) [−2.1] | 0.09 (−0.0) [1.7] | 0.002 (−0.0) [0.0] | - | −0.09 (−0.0) [−1.2] | 0.27 (−0.0) [5.1] | −0.05 (−0.05) [−1.04] | 0.04 (−0.04) [0.96] | 0.01 (−0.05) [0.19] | 0.06 (−0.06) [1.04] | 0.02 (−0.06) [0.36] |
Δ MSCI | 0.07 [7.8] | −0.01 (−0.02) [−0.6] | 0.03 (−0.01) [0.1] | −0.04 (−0.07) [−0.2] | 0.06 (−0.02) [2.7] | 0.06 (−0.4) [4.39] | −0.03 (−0.05) [−0.19] | −0.08 (−0.0) [−3.0] | 0.03 (−0.0) [3.0] | 0.16 (−0.0) [6.4] | 0.021 (−0.0) [0.8] | 0.01 (−0.0) [0.7] | - | 0.16 (−0.0) [6.8] | 0.12 (−0.02) [5.48] | −0.07 (−0.02) [−1.2] | 0.03 (−0.02) [1.51] | 0.07 (−0.03) [2.4] | 0.03 (−0.03) [1.2] |
Δ NTL | 0.03 [1.47] | −0.033 (−0.05) [−0.56] | 0.01 (−0.04) [0.45] | −0.15 (−0.13) [−1.14] | −0.049 (−0.06) [−0.77] | 0.09 (−0.04) [2.39] | −0.12 (−0.04) [−2.8] | −0.33 (−0.0) [−4.1] | 0.08 (−0.0) [2.3] | 0.05 (−0.0) [0.7] | 0.200 (−0.0) [2.8] | −0.11 (−0.0) [−1.8] | 0.17 (−0.1) [1.6] | - | −0.02 (−0.06) [−0.3] | −0.05 (−0.06) [−0.9] | −0.14 (−0.07) [−1.9] | −0.14 (−0.08) [−1.7] | −0.06 (−0.08) [−0.82] |
Δ NRY | 0.13 [7.5] | −0.15 (−0.04) [−3.7] | 0.04 (−0.03) [1.4] | −0.37 (−0.09) [−4.9] | −0.08 (−0.04) [−2.6] | 0.49 (−0.27) [1.8] | 0.04 (−0.09) [1.5] | −0.15 (−0.0) [−2.8] | 0.02 (−0.0) [0.9] | 0.35 (−0.0) [7.1] | 0.163 (−0.0) [3.4] | 0.02 (−0.0) [0.7] | 0.22 (−0.0) [2.9] | 0.25 (−0.0) [5.3] | - | −0.01 (−0.04) [−0.3] | −0.04 (−0.05) [−0.9] | 0.04 (−0.05) [0.68] | −0.07 (−0.05) [−1.2] |
Δ PTR | −0.06 [−3.2] | 0.03 (−0.04) [0.87] | −0.025 (−0.03) [−0.76] | 0.36 (−0.1) [3.6] | −0.08 (−0.04) [−1.89] | 0.03 −0.03 [1.15] | −0.02 (−0.03) [−0.36] | 0.14 (−0.0) [2.4] | 0.03 (−0.0) [1.1] | −0.04 (−0.0) [−0.8] | 0.03 (−0.0) [0.5] | −0.03 (−0.0) [−0.8] | 0.03 (−0.0) [0.4] | 0.24 (−0.0) [4.6] | −0.13 (−0.04) [−2.71] | - | −0.07 (−0.05) [−1.42] | 0.01 (−0.06) [0.11] | −0.07 (−0.05) [−1.2] |
Δ SPN | −0.04 [−2.6] | 0.52 (−0.05) [9.3] | 0.04 (−0.03) [1.9] | 0.26 (−0.11) [2.2] | −0.04 (−0.01) [−0.7] | −0.33 (−0.35) [−0.9] | −0.09 (−0.7) [−2.6] | 0.04 (−0.0) [0.6] | −0.01 (−0.0) [−0.6] | −0.12 (−0.0) [−1.6] | 0.03 (−0.0) [0.4] | −0.09 (−0.0) [−1.8] | −0.03 (−0.0) [−0.2] | −0.05 −0.05 [−0.5] | −0.05 −0.05 [−0.5] | 0.13 −0.05 [2.7] | - | 0.05 (−0.0) [0.69] | 0.02 (−0.07) [0.34] |
Δ SWN | −0.08 [−2.6] | 0.46 (−0.05) [8.1] | 0.039 (−0.04) [0.9] | 0.343 (−0.13) [2.6] | −0.03 (−0.06) [−0.6] | −0.02 (−0.03) [−0.4] | −0.12 (−0.02) [−2.9] | −0.03 (−0.0) [−0.3] | −0.03 (−0.0) [−1.1] | −0.17 (−0.0) [−2.4 | 0.06 (−0.0) [0.8] | −0.06 (−0.0) [−1.1] | −0.06 (−0.1) [−0.5] | −0.12 (−0.0) [−1.7] | −0.06 −0.06 [−0.09] | 0.14 −0.05 [2.4] | 0.13 −0.07 [1.8] | - | 0.19 (−0.08) [2.4] |
Δ SWZ | −0.08 [−4.02] | 0.53 (−0.04) [11.0] | 0.04 (−0.03) [1.12] | 0.53 (−0.11) [4.76] | −0.03 (−0.05) [−0.63] | −0.03 (−0.03) [−1.05] | −0.06 (−0.06) [−1.7] | 0.07 (−0.0) [0.1] | 0.01 (−0.0) [0.5] | −0.25 (−0.0) [−4.1] | 0.02 -(0.0) [0.3] | −0.27 (−0.5) [−0.6] | −0.02 (−0.0) [−0.1] | −0.18 (−0.0) [−3.2] | −0.09 −0.05 [−1.75] | 0.08 −0.05 [1.7] | −0.06 −0.06 [−1.1] | 0.09 (−0.07) [1.4] | - |