Hongmian Zhihui Science And Technology Innovation Co Ltd Guangzhou Spline ILLIQ Liquidity Analysis
Liquidity prediction for Friday, July 17th, 2026
1 Day
261.89
decreased by 34.44
1 Week
257.18
decreased by 39.15
1 Month
302.11
increased by 5.78
Analysis last updated: Friday, July 17, 2026 at 06:38 PM UTC
News Impact Curve
How returns affect tomorrow's liquidityLiquidity Forecast
How liquidity evolves over timeParameter Estimates
Nov 8, 1993 to Jul 10, 2026Model Insight
With persistence 1.000, illiquidity shocks have a half-life of 1694 trading days (~6.7 years), close to a unit root, so long-run forecasts are highly sensitive to this estimate.
μ
ILLIQ-SMEM Model
Tap to view equation
| Parameter | Value | t-statistic |
|---|---|---|
ω const Unconditional variance weight | 1.1708 | 4.91*** |
α ARCH Response to squared shocks | 0.2203 | 9.74*** |
β GARCH Volatility persistence | 0.7793 | 34.25*** |
Spline Coefficients
K=8
| γ1 | -0.1964 | -1.10 |
| γ2 | -0.1373 | -0.45 |
| γ3 | 1.6179 | 4.41*** |
| γ4 | -2.5970 | -4.62*** |
| γ5 | 1.1354 | 1.10 |
| γ6 | 1.7145 | 0.65 |
| γ7 | -2.7322 | -0.91 |
| γ8 | 1.7858 | 1.00 |
Persistence:
1.000
Half-life:
1694 days
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