Fujian SBS Zipper Science & Technology 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 Friday, July 17th, 2026
1 Day
853.67
decreased by 21.53
1 Week
889.74
increased by 14.54
1 Month
729.05
decreased by 146.15
Analysis last updated: Friday, July 17, 2026 at 06:37 PM UTC
News Impact Curve
How returns affect tomorrow's liquidityLiquidity Forecast
How liquidity evolves over timeParameter Estimates
Dec 22, 2006 to Jul 10, 2026Model Insight
With persistence 1.000, illiquidity shocks have a half-life of 99021 trading days (~392.9 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 | 3.4546 | 0.00 |
α ARCH Response to squared shocks | 0.3778 | 0.00 |
β GARCH Volatility persistence | 0.6222 | 0.00 |
Spline Coefficients
K=10
| γ1 | -0.6671 | 0.00 |
| γ2 | -9.0689 | 0.00 |
| γ3 | 18.7249 | 0.00 |
| γ4 | -13.4467 | 0.00 |
| γ5 | 23.3103 | 0.00 |
| γ6 | -39.6966 | 0.00 |
| γ7 | 30.8562 | 0.00 |
| γ8 | -13.6575 | 0.00 |
| γ9 | 3.5826 | 0.00 |
| γ10 | -0.3608 | 0.00 |
Persistence:
1.000
Half-life:
99021 days
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