Skip to main content

Table 5 The mean dynamic correlations, obtained from DCC/ADCC GARCH

From: Uncertainty and energy-sector equity returns in Iran: a Bayesian and quasi-Monte Carlo time-varying analysis

Set Mean dynamic correlation (DCC) Mean dynamic correlation (ADCC)
ORI-OPEC 0.096 0.252
ORI-OVX −0.333 − 0.313
ORI-TPI 4.247 4.276
PET-OPEC 0.0056 0.018
PET-OVX 0.008 0.022
PET-TPI 0.509 0.534
ODR-OPEC −0.042 −0.018
ODR-OVX −0.021 − 0.025
ODR-TPI 0.393 0.414