Figure 10
The image contains eight wavelet coherence plots arranged in a 4x2 grid. Each plot shows the correlation between different commodities (WTI, Gold, Wheat, Gas) and stock indices (CAC40, DAX40, SP500, FTSE, MIB, SPTSX) over time. The x-axis represents time, and the y-axis represents the period. The color scale on the right indicates the level of correlation, ranging from 0 to 1. Panel A shows the correlation between WTI and CAC40, DAX40, SP500. Panel B shows the correlation between WTI and FTSE, FTSE, MIB, SPTSX. Panel C shows the correlation between Gold and CAC40, DAX40, SP500. Panel D shows the correlation between Gold and FTSE, FTSE, MIB, SPTSX. Panel E shows the correlation between Wheat and CAC40, DAX40, SP500. Panel F shows the correlation between Wheat and FTSE, FTSE, MIB, SPTSX. Panel G shows the correlation between Gas and CAC40, DAX40, SP500. Panel H shows the correlation between Gas and FTSE, FTSE, MIB, SPTSX.Quadruple wavelet correlation