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V-Lab

Ningxia Western Venture Industrial Co Ltd Spline ILLIQ Liquidity Analysis

High-persistence model: shocks decay very slowly, so the theoretical long-run value may not be practically meaningful

Liquidity prediction for Monday, July 13th, 2026

1 Day

626.17

decreased by 24.50

1 Week

630.52

decreased by 20.15

1 Month

505.62

decreased by 145.05

Analysis last updated: Saturday, July 11, 2026 at 07:34 PM UTC

Date Range:

from

to

6M ·

1Y ·

2Y ·

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10Y ·

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graph of Ningxia Western Venture Industrial Co Ltd ILLIQ-SMEM

News Impact Curve

How returns affect tomorrow's liquidity

Liquidity Forecast

How liquidity evolves over time

Parameter Estimates

Jun 17, 1994 to Jul 10, 2026

Model Insight

With persistence 1.000, illiquidity shocks have a half-life of 693147 trading days (~2750.6 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

5.5728
α

ARCH

Response to squared shocks

0.3411
β

GARCH

Volatility persistence

0.6589
γi Spline Coefficients
K=3
γ10.0399
γ2-0.1572
γ30.2857

Persistence:

1.000

Half-life:

693147 days