Jiangxi Ganneng Co Ltd Spline ILLIQ Liquidity Analysis
Liquidity prediction for Monday, July 20th, 2026
1 Day
169.25
increased by 24.11
1 Week
150.34
increased by 5.20
1 Month
134.72
decreased by 10.42
Analysis last updated: Saturday, July 18, 2026 at 09:58 PM UTC
News Impact Curve
How returns affect tomorrow's liquidityLiquidity Forecast
How liquidity evolves over timeParameter Estimates
Nov 26, 1997 to Jul 17, 2026Model Insight
With persistence 1.000, illiquidity shocks have a half-life of 1838 trading days (~7.3 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 | 0.7678 | 9.68*** |
α ARCH Response to squared shocks | 0.2616 | 23.04*** |
β GARCH Volatility persistence | 0.7380 | 64.88*** |
Spline Coefficients
K=4
| γ1 | 0.4587 | 11.40*** |
| γ2 | -0.8032 | -13.66*** |
| γ3 | 0.4866 | 9.02*** |
| γ4 | -0.2004 | -3.37*** |
Persistence:
1.000
Half-life:
1838 days
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