V-Lab
Xunfei Healthcare Tech Co Spline ILLIQ Liquidity Analysis
Illiquidity prediction for Monday, August 24th, 2026
1 Day
3,705.55
decreased by 306.59
1 Week
4,773.52
increased by 761.38
1 Month
5,894.38
increased by 1,882.24
Analysis last updated: Saturday, August 22, 2026 at 08:47 PM UTC
News Impact Curve
How returns affect tomorrow's illiquidityIlliquidity Forecast
How illiquidity evolves over timeParameter Estimates
Dec 30, 2024 to Aug 21, 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 5 trading days.
μ
ILLIQ-SMEM Model
Tap to view equation
| Parameter | Value | t-statistic |
|---|---|---|
ω const Unconditional variance weight | 1.2441 | 3.49*** |
α ARCH Response to squared shocks | 0.3178 | 3.42*** |
β GARCH Volatility persistence | 0.5425 | 5.75*** |
Spline Coefficients
K=1
| γ1 | 1.1329 | 2.16** |
Persistence:
0.860
Half-life:
5 days
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