Table 3 The matrix of linear correlation by Pearson
From: Tail dependence in emerging ASEAN-6 equity markets: empirical evidence from quantitative approaches
| Â | Indonesia | Philippine | Singapore | Thailand | Vietnam | Malaysia |
|---|---|---|---|---|---|---|
Indonesia | 1 | Â | Â | Â | Â | Â |
Philippine | 0.5307 | 1 | Â | Â | Â | Â |
Singapore | 0.5191 | 0.4891 | 1 | Â | Â | Â |
Thailand | 0.4966 | 0.4738 | 0.5064 | 1 | Â | Â |
Vietnam | 0.1722 | 0.1759 | 0.1774 | 0.1595 | 1 | Â |
Malaysia | 0.5284 | 0.4635 | 0.5665 | 0.4717 | 0.1357 | 1 |