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

Figure 5

Line graphs of QR and QQR estimates. (a) Ghana to Jamaica. (b) Jamaica to Ghana. Notes: this figure presents the line graphs of the QR and QQR estimates. Blue spots are QR estimates whereas gold spots are QQR slopes. The horizontal axis for each graph denotes the quantiles and the vertical axis displays the slope coefficient. (a) shows the line graphs for the relationship Ghana- > Jamaica and (b) shows the line graphs for the relationship Jamaica- > Ghana.

(a)

(b)