. 2020 Sep 19;28:100403. doi: 10.1016/j.jbef.2020.100403

Table 4.

Correlation matrix.

Panel A: Correlation matrix --- DJIUK
	$R_{D J I U K}$	$L_{M C A P}$	$M T B R$	$C O V I D_{D G T C C}$	$C O V I D_{D G T D C}$
$R_{D J I U K}$	1.000
$L_{M C A P}$	0.0539	1.000
$M T B R$	0.0531	0.6088	0.000
$C O V I D_{D G T C C}$	−0.1274	−0.2605	−0.2584	1.000
$C O V I D_{D G T D C}$	−0.2327	−0.3431	−0.3439	0.4349	1.000

Panel B: Correlation matrix — FTSE100

	$R_{F T S E 100}$	$L_{M C A P}$	$M T B R$	$C O V I D_{D G T C C}$	$C O V I D_{D G T D C}$

$R_{F T S E 100 K}$	1.000
$L_{M C A P}$	0.0111	1.000
$M T B R$	0.0042	−0.0581	.000
$C O V I D_{D G T C C}$	−0.0238	−0.0311	−0.0120	1.000
$C O V I D_{D G T D C}$	−0.0169	−0.0470	−0.0159	0.4370	1.000