Guizhou Qianyuan Power Co Ltd Asymmetric ILLIQ Liquidity Analysis
High-persistence model: shocks decay very slowly, so the theoretical long-run value may not be practically meaningful
Liquidity prediction for Wednesday, July 22nd, 2026
1 Day
121.03
decreased by 3.30
1 Week
122.65
decreased by 1.68
1 Month
108.35
decreased by 15.98
Analysis last updated: Wednesday, July 22, 2026 at 06:20 PM UTC
News Impact Curve
How returns affect tomorrow's liquidityLiquidity Forecast
How liquidity evolves over timeParameter Estimates
Mar 3, 2005 to Jul 17, 2026Model Insight
With persistence 1.000, illiquidity shocks have a half-life of 1386294 trading days (~5501.2 years), close to a unit root, so long-run forecasts are highly sensitive to this estimate.
μ
ILLIQ-AMEM Model
Tap to view equation
| Parameter | Value | t-statistic |
|---|---|---|
ω const Unconditional variance weight | 1.8772 | 2.24** |
α ARCH Response to squared shocks | 0.1130 | 2.36** |
β GARCH Volatility persistence | 0.9102 | 686.97*** |
γ leverage Additional response to negative shocks | -0.0465 | -0.62 |
Persistence:
1.000
Half-life:
1386294 days
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