Fig. 5
From: Comovement between commodity returns in Ghana: the role of exchange rates
Multiple vector wavelet analysis. a is a multiple wavelet coherence between EXR, Cocoa and Crude oil; b is a multiple wavelet coherence between EXR, Cocoa and Gold; c is a multiple wavelet coherence between EXR, Crude oil and Gold; d is a wavelet coherence between EXR, Cocoa, Crude oil and Gold; e is a vectorwavelet coherence analysis of EXR, Cocoa, Crude oil and Gold. Note A red (blue) pallet inside the CoI indicate strong(low-)-comovement