Appendix to Alessandro Zoino’s paper “Predicting Stock Returns: Random Walk or Herding Behaviour?”

Please cite the paper as:
Alessandro Zoino, (2019), Appendix to Alessandro Zoino's paper "Predicting Stock Returns: Random Walk or Herding Behaviour?", World Economics Association (WEA) Conferences, No. 1 2019, Going Digital, 15th November to 16th December, 2019

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