Feitian Technologies Co Ltd Spline ILLIQ Liquidity Analysis
Liquidity prediction for Wednesday, July 8th, 2026
1 Day
391.14
increased by 34.25
1 Week
297.06
decreased by 59.83
1 Month
249.71
decreased by 107.18
Analysis last updated: Wednesday, July 8, 2026 at 07:18 PM UTC
News Impact Curve
How returns affect tomorrow's liquidityLiquidity Forecast
How liquidity evolves over timeParameter Estimates
Jun 26, 2014 to Jul 3, 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 15 trading days.
μ
ILLIQ-SMEM Model
Tap to view equation
| Parameter | Value | t-statistic |
|---|---|---|
ω const Unconditional variance weight | 1.1952 | 7.53*** |
α ARCH Response to squared shocks | 0.2539 | 14.43*** |
β GARCH Volatility persistence | 0.7017 | 35.39*** |
Spline Coefficients
K=1
| γ1 | -0.0289 | -3.14*** |
Persistence:
0.956
Half-life:
15 days
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