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. 2021 Jun 2;58:101432. doi: 10.1016/j.ribaf.2021.101432

Table 3.

Correlation matrix.

Variables (1) (2) (3) (4) (5) (6)
(1) Ri 1        
(2) Rm 0.452*** 1
(3) Turnover 0.186*** 0.028*** 1
(4) Gold −0.095*** −0.280*** −0.022*** 1
(5) Sent_md 0.126*** 0.297*** 0.064*** −0.044*** 1
(6) Sent_wb 0.036*** 0.102*** 0.102*** −0.126*** 0.581*** 1

This table exhibits the correlations between the main variables, where Sent_md and Sent_wb represent the COVID-19 sentiments of media news and Sina Weibo, respectively. ***indicates a 1% significance level.