Table 3 Significance of causality in forecasting rows using columns in the entire period

Allianz_54.60

*

*

*

***

*

*

**

Allianz_61.67

*

*

*

***

*

*

*

Allianz_68.74

*

*

*

***

*

*

*

Allianz_75.81

*

*

*

***

*

*

*

Allianz_82.88

*

*

*

***

*

*

*

Allianz_89.95

*

*

*

***

*

*

*

Allianz_96.02

*

*

*

**

*

*

*

Allianz_T

*

*

*

**

*

*

**

INVL_54.60

*

*

*

***

*

*

*

INVL_61.67

*

*

**

0

*

*

*

INVL_68.74

*

*

0

0

*

**

*

INVL_75.81

*

*

***

0

*

**

*

INVL_82.88

*

*

**

0

*

*

*

INVL_89.95

*

*

**

0

*

*

*

INVL_96.02

*

*

**

0

*

*

*

INVL_T

*

**

***

0

*

*

*

Luminor_54.60

*

**

0

0

*

**

*

Luminor_61.67

*

*

*

0

*

*

*

Luminor_68.74

*

*

*

0

*

*

*

Luminor_75.81

*

*

*

0

*

*

*

Luminor_82.88

*

*

*

0

*

*

*

Luminor_89.95

*

*

*

0

*

*

*

Luminor_96.02

*

*

*

0

*

*

*

Luminor_T

*

**

***

0

*

**

*

SEB_54.60

*

*

*

0

*

*

*

SEB_61.67

*

*

*

0

*

*

*

SEB_68.74

*

*

*

0

*

*

*

SEB_75.81

*

*

*

0

*

*

*

SEB_82.88

*

*

*

0

*

*

*

SEB_89.95

*

*

*

0

*

*

*

SEB_96.02

*

*

*

0

*

*

*

SEB_T

*

**

**

0

*

*

*

Swedbank_54.60

***

0

0

0

0

*

*

Swedbank_61.67

*

**

0

0

*

*

*

Swedbank_68.74

*

*

**

0

*

*

*

Swedbank_75.81

*

*

**

0

*

*

*

Swedbank_82.88

*

*

**

0

*

*

*

Swedbank_89.95

*

*

**

0

*

*

*

Swedbank_96.02

*

*

**

0

*

*

*

Swedbank_T

***

*

**

0

0

*

*

SnP500

*

*

*

*

*

*

*

Stoxx600

*

*

0

0

*

*

*

N100

*

0

*

0

*

**

*

N225

*

*

*

*

*

*

*

MSCI world

*

*

*

0

*

*

*

EURO bonds

*

***

***

0

*

*

**

FVX

*

*

*

*

*

0

*