Country | Obs. | Mean | Std. dev. | Min | Max | |
| Correlation with US markets | |||||
Bulgaria | 14 | 0.1368 | 0.2164 | −0.1065 | 0.5151 | |
Czech Republic | 14 | 0.3653 | 0.1008 | 0.2128 | 0.5554 | |
Estonia | 14 | 0.3114 | 0.1196 | 0.0908 | 0.5135 | |
Hungary | 14 | 0.2883 | 0.1101 | 0.1498 | 0.5156 | |
Latvia | 14 | 0.1582 | 0.1487 | −0.0341 | 0.3993 | |
Lithuania | 14 | 0.2545 | 0.1369 | 0.0272 | 0.4708 | |
Poland | 14 | 0.3274 | 0.0798 | 0.2205 | 0.5365 | |
Romania | 14 | 0.2382 | 0.2139 | −0.1235 | 0.5606 | |
Slovenia | 14 | 0.2697 | 0.1736 | 0.0667 | 0.6210 | |
France | 14 | 0.6027 | 0.1062 | 0.4143 | 0.7572 | |
Germany | 14 | 0.6291 | 0.1064 | 0.3637 | 0.7559 | |
UK | 14 | 0.5686 | 0.1089 | 0.3297 | 0.7413 | |
| Correlation with Germany market | |||||
Bulgaria | 14 | 0.1093 | 0.1539 | −0.1056 | 0.3911 | |
Czech Republic | 14 | 0.5246 | 0.1486 | 0.2743 | 0.7547 | |
Estonia | 14 | 0.5246 | 0.1486 | 0.2743 | 0.7547 | |
Hungary | 14 | 0.4663 | 0.1562 | 0.1984 | 0.6908 | |
Latvia | 14 | 0.1330 | 0.1258 | −0.0379 | 0.3969 | |
Lithuania | 14 | 0.2149 | 0.1607 | 0.0078 | 0.5201 | |
Poland | 14 | 0.5435 | 0.1516 | 0.3586 | 0.7722 | |
Romania | 14 | 0.2712 | 0.2219 | −0.0856 | 0.6213 | |
Slovenia | 14 | 0.1642 | 0.1287 | −0.0333 | 0.4962 | |
| Correlations with UK market | |||||
Bulgaria | 14 | 0.0966 | 0.1528 | −0.0989 | 0.4053 | |
Czech Republic | 14 | 0.5175 | 0.1397 | 0.2412 | 0.7614 | |
Estonia | 14 | 0.5154 | 0.1397 | 0.2412 | 0.7614 | |
Hungary | 14 | 0.4649 | 0.1487 | 0.2886 | 0.7519 | |
Latvia | 14 | 0.1334 | 0.1261 | 0.0151 | 0.4542 | |
Lithuania | 14 | 0.2271 | 0.1419 | 0.0384 | 0.5322 | |
Poland | 14 | 0.5240 | 0.1691 | 0.2519 | 0.7687 | |
Romania | 14 | 0.2710 | 0.2196 | −0.0263 | 0.6589 | |
Slovenia | 14 | 0.1574 | 0.1424 | −0.0748 | 0.5489 | |