Investment managers are continuously looking for new technologies and better ideas to enhance their results of higher returns on investments in stock trading, and with the successes machine learning methods have been recording in other fields, it has been attracting the full attention of...

This study focuses on the diversification benefits of the most developed equity markets of Central and Eastern Europe (CEE). To evaluate these benefits of diversification we use so-called spanning tests based on a stochastic discount factor approach and estimated by General Methods of Moments...