Fig. 11: The hierarchical clustering of countries. | Humanities and Social Sciences Communications

Fig. 11: The hierarchical clustering of countries.

From: Impact of COVID-19 on jump occurrence in capital markets

Fig. 11

The dendrogram of the cluster among six countries. France, Germany, the UK, and Italy form one distinct group, indicating a higher degree of similarity among these countries. On the other hand, China and the US form two separate, independent groups.

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