| Cross-correlation of ΔVIX (t) with | ||||||||
| −4 | −3 | −2 | −1 | 0 | 1 | 2 | 3 | 4 |
ΔEMR | 0.024 | 0.016 | −0.247 | 0.042 | 0.580 | 0.123 | −0.265 | −0.135 | 0.006 |