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V-Lab

Guangdong Shaoneng Group Spline ILLIQ Liquidity Analysis

Illiquidity prediction for Friday, August 7th, 2026

1 Day

54.90

decreased by 7.39

1 Week

71.03

increased by 8.74

1 Month

95.23

increased by 32.94

Analysis last updated: Friday, August 7, 2026 at 06:11 PM UTC

Date Range:

from

to

6M ·

1Y ·

2Y ·

5Y ·

10Y ·

All

graph of Guangdong Shaoneng Group ILLIQ-SMEM

News Impact Curve

How returns affect tomorrow's illiquidity

Illiquidity Forecast

How illiquidity evolves over time

Parameter Estimates

Aug 30, 1996 to Jul 31, 2026

Model Insight

With persistence 0.999, illiquidity shocks have a half-life of 562 trading days (~2.2 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

0.9390
4.16***
α

ARCH

Response to squared shocks

0.2548
26.57***
β

GARCH

Volatility persistence

0.7440
73.49***
γi Spline Coefficients
K=7
γ1-0.7405
-3.24***
γ22.4498
4.85***
γ3-2.9386
-4.77***
γ41.4089
2.82***
γ5-0.0496
-0.17
γ6-0.2005
-1.55
γ70.0393
0.27

Persistence:

0.999

Half-life:

562 days