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	param	t-stat
$ω$	0.9468	0.01
$α$	0.0885	0.00
$β$	0.9114	0.01
$γ_{1}$	-0.5929	-0.00
$γ_{2}$	2.2547	0.01
$γ_{3}$	-3.3479	-0.02
$γ_{4}$	2.3683	0.02
$γ_{5}$	-1.4267	-0.01
$γ_{6}$	1.5898	0.01
$γ_{7}$	-1.1247	-0.00
$γ_{8}$	0.3284	0.00
$γ_{9}$	-0.1498	-0.00

V-Lab

Hong Kong Exchanges and Clearing Ltd Spline ILLIQ Liquidity Analysis

Liquidity Prediction for Monday, February 23rd, 2026:5.61 (-0.38)

Date Range:

Parameter Estimates

News Impact Curve

Liquidity Forecasts

Other Hong Kong Exchanges and Clearing Ltd Analyses