Shenzhen Zhongheng Huafa Co Ltd ILLIQ-MFMEM Liquidity Analysis
Liquidity prediction for Monday, July 13th, 2026
1 Day
342,083.40
1 Week
212,567.80
1 Month
113,487.30
Analysis last updated: Saturday, July 11, 2026 at 07:37 PM UTC
News Impact Curve
How returns affect tomorrow's liquidityLiquidity Forecast
How liquidity evolves over timeParameter Estimates
Apr 28, 1992 to Jul 10, 2026Model Insight
Estimated persistence of 1.000 is at or above 1 (non-stationary): illiquidity shocks do not decay and the long-run level is undefined, so long-horizon forecasts should be treated with caution. This multi-frequency model splits illiquidity into a fast short-run component and a slow-moving long-run level that drifts over the sample rather than a constant baseline.
ILLIQ-MFMEM Model
Tap to view equation
| Parameter | Value | t-statistic |
|---|---|---|
α ARCH Response to squared shocks | 0.4304 | 13.95*** |
β GARCH Volatility persistence | 0.7848 | 68.92*** |
γ leverage Additional response to negative shocks | -0.4304 | -8.66*** |
λ₁ tau intercept Baseline long-term coefficient | 15,532,500.0000 |
Persistence:
1.000
Half-life:
-
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