Fig. 12
From: Dynamic correlation network analysis of financial asset returns with network clustering
Changes in network between sub-periods: T1–T2. Note: The network shows the difference between the sub-period T1 and T2. The edge weight (the edge width) is calculated by subtracting elements of the adjacency matrix of T2 from those of T1 described as T1 −T2. Only the edges that have positive weights (T1 > T2) are shown. The bottom table shows the quantiles of edge weights distribution with corresponding edges