V-Lab
Jiangxi Avonflow Hvac Tech Spline ILLIQ Liquidity Analysis
Illiquidity prediction for Friday, August 28th, 2026
1 Day
636.42
increased by 32.81
1 Week
703.55
increased by 99.94
1 Month
642.07
increased by 38.46
Analysis last updated: Friday, August 28, 2026 at 06:33 PM UTC
News Impact Curve
How returns affect tomorrow's illiquidityIlliquidity Forecast
How illiquidity evolves over timeParameter Estimates
Sep 10, 2025 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 4 trading days.
μ
ILLIQ-SMEM Model
Tap to view equation
| Parameter | Value | t-statistic |
|---|---|---|
ω const Unconditional variance weight | 0.9795 | 6.73*** |
α ARCH Response to squared shocks | 0.2591 | 4.19*** |
β GARCH Volatility persistence | 0.5784 | 5.40*** |
Spline Coefficients
K=1
| γ1 | -1.5084 | -1.32 |
Persistence:
0.837
Half-life:
4 days
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