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Table 5 Hedging effectiveness (%) for the pairs of cryptocurrencies

From: Discovering interlinkages between major cryptocurrencies using high-frequency data: new evidence from COVID-19 pandemic

  BTC/ETH BTC/LTC ETH/LTC
Pre COVID-19 period
 HE (VAR-AGARCH) 61.49 39.37 47.84
 HE (VAR-BEKK-AGARCH) 57.10 35.76 46.55
COVID-19 period
 HE (VAR-AGARCH) 76.32 61.78 70.40
 HE (VAR-BEKK-AGARCH) 68.88 57.29 65.85