Guizhou Qianyuan Power Co Ltd Spline ILLIQ Liquidity Analysis
High-persistence model: shocks decay very slowly, so the theoretical long-run value may not be practically meaningful
Liquidity prediction for Monday, July 13th, 2026
1 Day
119.44
increased by 12.98
1 Week
117.24
increased by 10.78
1 Month
89.41
decreased by 17.05
Analysis last updated: Saturday, July 11, 2026 at 07:06 PM UTC
News Impact Curve
How returns affect tomorrow's liquidityLiquidity Forecast
How liquidity evolves over timeParameter Estimates
Mar 3, 2005 to Jul 10, 2026Model Insight
With persistence 1.000, illiquidity shocks have a half-life of 115524 trading days (~458.4 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 | 0.3778 | 0.00 |
α ARCH Response to squared shocks | 0.2081 | 0.00 |
β GARCH Volatility persistence | 0.7919 | 0.00 |
Spline Coefficients
K=3
| γ1 | -0.8973 | 0.00 |
| γ2 | 1.6864 | 0.00 |
| γ3 | -1.2863 | 0.00 |
Persistence:
1.000
Half-life:
115524 days
Other Guizhou Qianyuan Power Co Ltd Analyses
Other Spline ILLIQ Analyses on International Equities