Diversification Benefits between Stock Returns from Ghana and Jamaica: Insights from Time-Frequency and VMD-Based Asymmetric Quantile-on-Quantile Analysis

<div>Wavelet coherence plots. Notes: this figure presents the wavelet coherence plot between the returns on GSECI and JSEIND (plot A) from 04/01/2011 to 17/05/2022. Plot B shows the phase difference for the wavelet detail between GSECI and JSEIND.</div>

Mathematical Problems in Engineering

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Figure 3

Figure 3: Diversification Benefits between Stock Returns from Ghana and Jamaica: Insights from Time-Frequency and VMD-Based Asymmetric Quantile-on-Quantile Analysis 

Figure 3 | Diversification Benefits between Stock Returns from Ghana and Jamaica: Insights from Time-Frequency and VMD-Based Asymmetric Quantile-on-Quantile Analysis 