Modeling and Risk Analysis Using Parametric Distributions with an Application in Equity-Linked Securities

Table 11

Correlation between the filtered series.

Index	HSCEI	KOSPI 200	S&P 500	EURO STOXX 50
HSCEI	1	0.5950	0.2132	0.3532
KOSPI 200	0.5950	1	0.2076	0.3143
S&P 500	0.2132	0.2076	1	0.6379
EURO STOXX 50	0.3532	0.3143	0.6379	1