Pairwise correlations
| Variables | (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | (10) | (11) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| (1) GHG | 1.000 | ||||||||||
| (2) VOL | 0.116 (0.000) | 1.000 | |||||||||
| (3) L1_VOL | 0.105 (0.001) | 0.236 (0.000) | 1.000 | ||||||||
| (4) AVOL | 0.126 (0.000) | 0.447 (0.000) | 0.134 (0.000) | 1.000 | |||||||
| (5) IF | 0.063 (0.050) | 0.152 (0.000) | 0.086 (0.008) | 0.052 (0.107) | 1.000 | ||||||
| (6) VST | −0.221 (0.000) | −0.137 (0.000) | −0.155 (0.000) | −0.021 (0.534) | −0.160 (0.000) | 1.000 | |||||
| (7) GDP | −0.317 (0.000) | −0.124 (0.000) | −0.127 (0.000) | −0.055 (0.076) | −0.173 (0.000) | 0.193 (0.000) | 1.000 | ||||
| (8) GRW | 0.215 (0.000) | 0.138 (0.000) | 0.094 (0.004) | 0.011 (0.714) | 0.912 (0.000) | −0.227 (0.000) | −0.322 (0.000) | 1.000 | |||
| (9) MSCI | 0.036 (0.257) | −0.213 (0.000) | 0.168 (0.000) | −0.314 (0.000) | −0.024 (0.459) | −0.034 (0.337) | −0.021 (0.501) | −0.022 (0.490) | 1.000 | ||
| (10) RET | 0.062 (0.067) | −0.094 (0.006) | 0.038 (0.265) | −0.245 (0.000) | 0.313 (0.000) | −0.037 (0.324) | −0.157 (0.000) | 0.481 (0.000) | 0.209 (0.000) | 1.000 | |
| (11) ACORR | −0.211 (0.000) | 0.193 (0.000) | 0.079 (0.014) | 0.296 (0.000) | −0.123 (0.000) | 0.130 (0.000) | 0.017 (0.598) | −0.176 (0.000) | −0.186 (0.000) | −0.248 (0.000) | 1.000 |
| Variables | (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | (10) | (11) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| (1) GHG | 1.000 | ||||||||||
| (2) VOL | 0.116 (0.000) | 1.000 | |||||||||
| (3) L1_VOL | 0.105 (0.001) | 0.236 (0.000) | 1.000 | ||||||||
| (4) AVOL | 0.126 (0.000) | 0.447 (0.000) | 0.134 (0.000) | 1.000 | |||||||
| (5) IF | 0.063 (0.050) | 0.152 (0.000) | 0.086 (0.008) | 0.052 (0.107) | 1.000 | ||||||
| (6) VST | −0.221 (0.000) | −0.137 (0.000) | −0.155 (0.000) | −0.021 (0.534) | −0.160 (0.000) | 1.000 | |||||
| (7) GDP | −0.317 (0.000) | −0.124 (0.000) | −0.127 (0.000) | −0.055 (0.076) | −0.173 (0.000) | 0.193 (0.000) | 1.000 | ||||
| (8) GRW | 0.215 (0.000) | 0.138 (0.000) | 0.094 (0.004) | 0.011 (0.714) | 0.912 (0.000) | −0.227 (0.000) | −0.322 (0.000) | 1.000 | |||
| (9) MSCI | 0.036 (0.257) | −0.213 (0.000) | 0.168 (0.000) | −0.314 (0.000) | −0.024 (0.459) | −0.034 (0.337) | −0.021 (0.501) | −0.022 (0.490) | 1.000 | ||
| (10) RET | 0.062 (0.067) | −0.094 (0.006) | 0.038 (0.265) | −0.245 (0.000) | 0.313 (0.000) | −0.037 (0.324) | −0.157 (0.000) | 0.481 (0.000) | 0.209 (0.000) | 1.000 | |
| (11) ACORR | −0.211 (0.000) | 0.193 (0.000) | 0.079 (0.014) | 0.296 (0.000) | −0.123 (0.000) | 0.130 (0.000) | 0.017 (0.598) | −0.176 (0.000) | −0.186 (0.000) | −0.248 (0.000) | 1.000 |