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Table 13 Averaged RK connectedness table-Robustness check

From: Time–frequency co-movement and risk connectedness among cryptocurrencies: new evidence from the higher-order moments before and during the COVID-19 pandemic

 

BTC

Dash

EOS

ETH

LTC

BAT

FROM

BTC

38.03 (31.76)

[4.66] {1.61}

2.88 (2.62)

[0.20] {0.06}

3.64 (3.32)

[0.25] {0.06}

30.86 (26.00)

[3.65] {1.20}

22.51 (18.67)

[2.89] {0.96}

2.08 (1.92)

[0.13] {0.03}

61.97 (52.53)

[7.13] {2.31}

Dash

4.09 (3.23)

[0.60] {0.26}

58.78 (41.95)

[12.14] {4.69}

17.49 (12.13)

[3.85] {1.51}

4.23 (3.49)

[0.54] {0.20}

3.20 (2.52)

[0.49] {0.19}

12.22 (9.13)

[2.28] {0.81}

41.22 (30.50)

[7.75] {2.96}

EOS

3.81 (2.74)

[0.75] {0.32}

19.03 (12.63)

[4.61] {1.78}

56.80 (41.06)

[11.36] {4.38}

3.28 (2.39)

[0.63] {0.26}

3.74 (2.74)

[0.70] {0.30}

13.34 (9.42)

[2.86] {1.06}

43.20 (29.92)

[9.56] {3.72}

ETH

29.46 (25.35)

[3.11] {1.00}

2.69 (2.47)

[0.18] {0.04}

3.59 (3.15)

[0.34] {0.10}

37.32 (31.68)

[4.24] {1.40}

24.56 (20.70)

[2.92] {0.94}

2.38 (2.21)

[0.13] {0.03}

62.68 (53.88)

[6.69] {2.11}

LTC

23.64 (19.55)

[3.02] {1.07}

2.20 (1.74)

[0.34] {0.12}

3.30 (2.64)

[0.48] {0.17}

26.94 (22.13)

[3.55] {1.25}

42.63 (34.60)

[5.95] {2.09}

1.29 (0.99)

[0.22] {0.08}

57.37 (47.06)

[7.62] {2.69}

BAT

3.20 (2.61)

[0.42] {0.17}

12.12 (9.81)

[1.70] {0.62}

11.77 (9.13)

[1.89] {0.74}

3.79 (3.23)

[0.41] {0.15}

2.64 (2.09)

[0.39] {0.15}

66.48 (55.37)

[8.22] {2.89}

33.52 (26.87)

[4.82] {1.83}

TO

64.20 (53.48)

[7.91] {2.81}

38.92 (29.26)

[7.04] {2.62}

39.78 (30.39)

[6.82] {2.57}

69.09 (57.25)

[8.79] {3.06}

56.65 (46.72)

[7.39] {2.54}

31.31 (23.66)

[5.63] {2.02}

TCI

NET

2.24 (0.95)

[0.78] {0.51}

− 2.30 (− 1.24)

[− 0.72] {− 0.34}

− 3.42 (0.47)

[− 2.74] {− 1.15}

6.41 (3.36)

[2.10] {0.95}

− 0.72 (− 0.34)

[− 0.23] {− 0.15}

− 2.21 (− 3.20)

[0.81] {0.18}

49.99 (40.13)

[7.26] {2.60}

  1. The values in parentheses (), square brackets [], and curly brace {} denote the short-term (1–5 days), medium-term (5–22 days), and long-term (more than 22 days) frequency connectedness results