HBIS Resources Co Ltd Spline ILLIQ Liquidity Analysis
Liquidity prediction for Wednesday, July 15th, 2026
1 Day
127.33
increased by 6.99
1 Week
134.02
increased by 13.68
1 Month
117.20
decreased by 3.14
Analysis last updated: Wednesday, July 15, 2026 at 06:21 PM UTC
News Impact Curve
How returns affect tomorrow's liquidityLiquidity Forecast
How liquidity evolves over timeParameter Estimates
Jul 14, 1999 to Jul 10, 2026Model Insight
With persistence 1.000, illiquidity shocks have a half-life of 3224 trading days (~12.8 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 | 0.7563 | 3.90*** |
α ARCH Response to squared shocks | 0.3000 | 9.35*** |
β GARCH Volatility persistence | 0.6998 | 21.86*** |
Spline Coefficients
K=8
| γ1 | -1.2875 | -1.99** |
| γ2 | 4.1004 | 2.32** |
| γ3 | -6.8401 | -2.03** |
| γ4 | 7.6932 | 1.51 |
| γ5 | -5.2214 | -1.25 |
| γ6 | 1.7255 | 1.21 |
| γ7 | -0.2342 | -1.29 |
| γ8 | 0.0783 | 0.49 |
Persistence:
1.000
Half-life:
3224 days
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