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Table 4 Averaged connectedness index

From: Dynamic connectedness and hedging opportunities of the commodity and stock markets in China: evidence from the TVP-VAR and cDCC-FIAPARCH

 

LNCSI

LNCU

LNGOLD

LNPTA

LNSOY

FROM

LNCSI

78.20

10.80

1.80

5.70

3.40

21.80

LNCU

9.20

65.90

5.30

13.20

6.30

34.10

LNGOLD

2.20

6.90

83.90

4.30

2.70

16.10

LNPTA

5.30

14.10

3.70

72.20

4.60

27.80

LNSOY

3.20

7.50

2.40

5.40

81.40

18.60

Contribution TO others

19.90

39.40

13.30

28.60

17.10

118.30

NET directional connectedness

 − 1.90

5.30

 − 2.80

0.90

 − 1.50

TCI

NPDC transmitter

3.00

0.00

4.00

1.00

2.00

23.70%