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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

Date Range:

from

to

6M ·

1Y ·

2Y ·

5Y ·

10Y ·

All

graph of Hongmian Zhihui Science And Technology Innovation Co Ltd Guangzhou ILLIQ-SMEM

News Impact Curve

How returns affect tomorrow's liquidity

Liquidity Forecast

How liquidity evolves over time

Parameter Estimates

Nov 8, 1993 to Jul 10, 2026

Model 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

ParameterValuet-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***
γi Spline Coefficients
K=8
γ1-0.1964
-1.10
γ2-0.1373
-0.45
γ31.6179
4.41***
γ4-2.5970
-4.62***
γ51.1354
1.10
γ61.7145
0.65
γ7-2.7322
-0.91
γ81.7858
1.00

Persistence:

1.000

Half-life:

1694 days