V-Lab
Apex Biotechnology Co Ltd Spline ILLIQ Liquidity Analysis
Illiquidity prediction for Monday, July 27th, 2026
1 Day
1,647.55
increased by 23.69
1 Week
1,767.62
increased by 143.76
1 Month
2,067.91
increased by 444.05
Analysis last updated: Sunday, July 26, 2026 at 05:53 AM UTC
News Impact Curve
How returns affect tomorrow's illiquidityIlliquidity Forecast
How illiquidity evolves over timeParameter Estimates
Sep 10, 2001 to Jul 24, 2026Model Insight
This model fits a time-varying baseline (a spline), so illiquidity mean-reverts toward a slowly-shifting long-run level rather than a constant. Short-run deviations decay with a half-life of 64 trading days.
μ
ILLIQ-SMEM Model
Tap to view equation
| Parameter | Value | t-statistic |
|---|---|---|
ω const Unconditional variance weight | 1.7142 | 6.39*** |
α ARCH Response to squared shocks | 0.1604 | 16.73*** |
β GARCH Volatility persistence | 0.8289 | 85.18*** |
Spline Coefficients
K=1
| γ1 | 0.0075 | 3.92*** |
Persistence:
0.989
Half-life:
64 days
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