Fig. 4
From: Tail dependence in emerging ASEAN-6 equity markets: empirical evidence from quantitative approaches
K-plots estimation for dependency structure. The K-plots indicate that there is an inter-relationship between two random and continuous variables, in specific to the subject case, stock index. This can be noticed if the illustrated points do not lie along the 45-degree diagonal line at the tail of the graph, so one can conclude that these variables have mutual structural dependence