Cross dynamics of oil-stock interactions: A redundant wavelet analysis

► Mixed results are generally found for the stock-oil markets interactions. ► Standards techniques suffer from a series of gaps and not provide robust conclusions. ► Harr à trous wavelet appear to be more efficient tool to circumvent those lacks. ► We explore stock CO market nexus by wavelet correlation variance and cross-correlation. ► Results depend on the country oil dependency, source and persistency of CO changes.