V-Lab
HBIS Resources Co Ltd Spline ILLIQ Liquidity Analysis
Illiquidity prediction for Tuesday, July 28th, 2026
1 Day
170.94
increased by 11.75
1 Week
141.19
decreased by 18.00
1 Month
126.91
decreased by 32.28
Analysis last updated: Tuesday, July 28, 2026 at 06:30 PM UTC
News Impact Curve
How returns affect tomorrow's illiquidityIlliquidity Forecast
How illiquidity evolves over timeParameter Estimates
Jul 14, 1999 to Jul 24, 2026Model Insight
With persistence 1.000, illiquidity shocks have a half-life of 1833 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 | 0.8881 | 4.21*** |
α ARCH Response to squared shocks | 0.2979 | 13.97*** |
β GARCH Volatility persistence | 0.7017 | 32.96*** |
Spline Coefficients
K=8
| γ1 | -0.9228 | -1.67* |
| γ2 | 3.5991 | 2.26** |
| γ3 | -6.6588 | -2.08** |
| γ4 | 7.6196 | 1.56 |
| γ5 | -5.1860 | -1.28 |
| γ6 | 1.7254 | 1.25 |
| γ7 | -0.2440 | -1.33 |
| γ8 | 0.0854 | 0.54 |
Persistence:
1.000
Half-life:
1833 days
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