Table 6 Means of conditional correlations
Dataset | Bitcoin | Gold | Nasdaq | S&P500 | Dow-Jones |
|---|---|---|---|---|---|
Before COVID-19 pandemic | |||||
Bitcoin | 1 | 0.054 | 0.017 | 0.004 | 0.009 |
Gold | 0.054 | 1 | 0.063 | 0.082 | 0.100 |
Nasdaq | 0.017 | 0.063 | 1 | 0.942 | 0.828 |
S&P 500 | 0.004 | 0.082 | 0.942 | 1 | 0.940 |
Dow Jones | 0.009 | 0.100 | 0.828 | 0.940 | 1 |
During COVID-19 pandemic | |||||
Bitcoin | 1 | 0.028 | 0.359 | 0.303 | 0269 |
Gold | 0.028 | 1 | 0.093 | 0.115 | 0.113 |
Nasdaq | 0.359 | 0.093 | 1 | 0.893 | 0.738 |
S&P 500 | 0.303 | 0.115 | 0.893 | 1 | 0.935 |
Dow Jones | 0.269 | 0.113 | 0.738 | 0.935 | 1 |