1\begin{tabular}{lrrrrrr}2\toprule3Statistic & 5\% & 10\% & 25\% & 50\% & 100\% & Trend per unit share (SE) \\4\midrule5Pairwise order-flow correlation (LLM) & 0.475 & 0.420 & 0.399 & 0.389 & 0.338 & -0.117 (0.024)$^{***}$ \\6Synchrony (LLM) & 0.889 & 0.938 & 0.948 & 0.910 & 0.900 & -0.019 (0.025) \\7Flow correlation from trades (LLM) & 0.409 & 0.352 & 0.205 & 0.052 & -0.008 & -0.429 (0.021)$^{***}$ \\8Hold rate & 0.142 & 0.112 & 0.118 & 0.108 & 0.102 & -0.029 (0.023) \\9Valid-decision rate & 0.981 & 0.964 & 0.981 & 0.973 & 0.957 & -0.019 (0.009)$^{**}$ \\10\midrule11Flow correlation, fundamentalist (0\% cell) & \multicolumn{5}{r}{0.531} & \\12Flow correlation, trend (0\% cell) & \multicolumn{5}{r}{0.757} & \\13Flow correlation, noise (0\% cell) & \multicolumn{5}{r}{0.035} & \\14Flow correlation, market maker (0\% cell) & \multicolumn{5}{r}{0.364} & \\15\bottomrule16\end{tabular}