Fig. 9
From: Impact of the COVID-19 outbreak on the US equity sectors: Evidence from quantile return spillovers
Difference in spillover between lower (\(\tau\) = 0.05) and upper (\(\tau\) = 0.95) tails during COVID19 sub-sample. Note: This graph of the US sector network shows the difference in connectedness in the system for the lower and upper quantile levels during the COVID-19 sub-sample period. The connectedness is measured through the spillover approach proposed by Diebold-Yilmaz (2012). The thickness of an edge is proportional to its weight while colour implies increase (green) and decrease (red) in spillover during COVID-19 pandemic