Figure 4
A line graph titled Lead-Lag Correlation: Resilience Score vs. Future SCFI Volatility. The horizontal axis is labeled Lead-lag horizon (weeks ahead) and ranges from 0.0 to 20.0. The vertical axis is labeled Correlation between resilience and future absolute returns and ranges from -0.15 to 0.25. The graph shows a single data series represented by blue dots connected by lines. The correlation starts at approximately 0.25 at 0.0 weeks ahead, drops sharply to around -0.10 by 2.5 weeks ahead, and then fluctuates slightly below 0.0 for the remainder of the lead-lag horizon, ending at approximately 0.0 by 20.0 weeks ahead.Lead-lag correlation between empirical resilience and future SCFI volatility