Research Article
Drivers of Stock Prices in Ghana: An Empirical Mode Decomposition Approach
Table 2
Correlation and variance of components for GSEFII.
| | Mean period | Pearson correlation | Kendall correlation | Variance | Variance as % of observed | Variance as % of IMFs + residue |
| Observed series | 2.3124 | | | 0.1401 | | | High Frequency | 4.7201 | 0.0421 | 0.0276 | 0.0004 | 0.2849 | 0.2886 | Low Frequency | 121.4 | 0.1824 | 0.1636 | 0.0052 | 3.7037 | 3.7518 | Residue | 607 | 0.9764 | 0.7769 | 0.1330 | 94.73 | 95.9596 |
| Sum | 98.7186 | 100 |
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Correlation is significant at the level of 0.05 (2-tailed). |