Table 3.
Volatility spillover of Assets during COVID-19.
| DOLLAR | KFTX | MSCI | BITCOIN | Gold | Oil COVID-19 | FROM | |
|---|---|---|---|---|---|---|---|
| DOLLAR | 24.55 | 9.97 | 10.19 | 16.95 | 10.53 | 15.95 | 10.78 |
| KFTX | 25.09 | 9.64 | 9.90 | 16.77 | 10.19 | 16.34 | 12.91 |
| MSCI | 25.05 | 9.68 | 9.95 | 16.71 | 10.24 | 16.30 | 12.86 |
| BITCOIN | 24.06 | 9.95 | 10.09 | 17.27 | 10.50 | 15.98 | 11.82 |
| Gold | 24.73 | 9.58 | 9.76 | 16.98 | 10.12 | 16.44 | 12.84 |
| Oil | 24.76 | 9.92 | 10.14 | 16.92 | 10.41 | 16.02 | 12.00 |
| COVID-19 | 12.63 | ||||||
| TO | 21.18 | 8.45 | 8.63 | 14.45 | 8.93 | 13.86 10.34 | 85.84 |
Note: The row totals of the spillovers measure how much volatility asset i receives from the system. The column totals measure how much volatility each asset contributes to the overall system. Hence, each cell in the table is a measure of how much volatility from column i is given to row j.