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Correlation coefficients of stock market returns.
| USA | UK | Germany | France | Spain | Italy | |
|---|---|---|---|---|---|---|
| USA | 1.0000 | |||||
| UK | 0.6082 | 1.0000 | ||||
| Germany | 0.5314 | 0.7567 | 1.0000 | |||
| France | 0.5673 | 0.8122 | 0.8531 | 1.0000 | ||
| Spain | 0.4971 | 0.7224 | 0.7600 | 0.7731 | 1.0000 | |
| Italy | 0.4465 | 0.6751 | 0.7290 | 0.7322 | 0.7633 | 1.0000 |
