Table 2 Averaged dynamic connectedness table
| Â | Crude oil | Heating oil | Natural gas | Copper | Gold | Silver | Palladium | Platinum | FROM others |
|---|---|---|---|---|---|---|---|---|---|
Crude oil | 41.38 (46.02) | 28.04 (34.76) | 2.96 (3.10) | 7.22 (4.72) | 5.69 (4.52) | 5.42 (3.20) | 3.38 (0.92) | 5.90 (2.76) | 58.62 (53.98) |
Heating oil | 32.20 (35.80) | 38.47 (44.48) | 2.94 (3.70) | 6.83 (4.70) | 5.60 (4.57) | 5.38 (3.13) | 2.96 (0.94) | 5.63 (2.68) | 61.53 (55.52) |
Natural gas | 7.67 (9.63) | 7.84 (19.42) | 65.09 (50.51) | 4.64( 2.57) | 4.51( 6.42) | 4.16( 7.00) | 2.61 (0.40) | 3.47 (4.05) | 34.91 (49.49) |
Copper | 11.48 (4.61) | 8.79 (5.13) | 2.22 (1.05) | 40.71 (43.04) | 11.70 (18.27) | 11.23 (16.21) | 5.69 (3.84) | 8.18 (7.84) | 59.29 (56.96) |
Gold | 7.60 (4.14) | 5.82 (4.93) | 2.63( 0.78) | 9.66 (16.05) | 33.42 (32.28) | 22.82 (25.15) | 5.82 (4.24) | 12.23 (12.43) | 66.58 (67.72) |
Silver | 6.91 (2.74) | 5.45 (3.52) | 2.37 (1.38) | 9.76 (13.20) | 22.76 (23.41) | 35.22 (35.30) | 6.11 (3.91) | 11.41 (16.54) | 64.78 (64.70) |
Palladium | 7.34 (8.09) | 5.76 (9.18) | 2.20 (0.56) | 9.44 (10.43) | 10.07 (10.64) | 10.11 (10.67) | 40.51 (35.71) | 14.58 (14.72) | 59.49 (64.29) |
Platinum | 9.08 (4.00) | 7.20 (4.55) | 2.09 (1.64) | 8.89 (8.69) | 14.65 (15.48) | 13.76 (21.97) | 10.50 (7.89) | 33.84 (35.79) | 66.16 (64.21) |
TO others | 82.28 (69.01) | 68.92 (81.49) | 17.40 (12.22) | 56.44 (60.36) | 74.98 (83.30) | 72.87 (87.33) | 37.07 (22.14) | 61.40 (61.02) | TCI |
NET | 23.66 (15.02) | 7.39 (25.97) | −17.51 (−37.27) | −2.85 (3.39) | 8.40 (15.59) | 8.10 (22.63) | −22.42 (−42.15) | −4.77 (−3.18) | 67.34 (68.12) |