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	param	t-stat
$ω$	5.0000	0.40
$α$	0.0351	4.18
$β$	0.9628	201.68
$γ$	0.0042	0.92

V-Lab

Phoenix Media Investment Holdings Ltd Asymmetric ILLIQ Liquidity Analysis

Liquidity Prediction for Monday, February 23rd, 2026:98,223.92 (29,540.86)

Date Range:

Parameter Estimates

News Impact Curve

Liquidity Forecasts

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