Skip to main content
V-Lab

Nippon Shindo Co Ltd Spline ILLIQ Liquidity Analysis

High-persistence model: shocks decay very slowly, so the theoretical long-run value may not be practically meaningful

Liquidity prediction for Tuesday, July 21st, 2026

1 Day

3,336.75

decreased by 224.97

1 Week

3,745.89

increased by 184.17

1 Month

3,218.72

decreased by 343.00

Analysis last updated: Sunday, July 19, 2026 at 01:46 AM UTC

Date Range:

from

to

6M ·

1Y ·

2Y ·

5Y ·

10Y ·

All

graph of Nippon Shindo Co Ltd ILLIQ-SMEM

News Impact Curve

How returns affect tomorrow's liquidity

Liquidity Forecast

How liquidity evolves over time

Parameter Estimates

Oct 6, 1992 to Jul 17, 2026

Model Insight

With persistence 1.000, illiquidity shocks have a half-life of 173286 trading days (~687.6 years), close to a unit root, so long-run forecasts are highly sensitive to this estimate.

μ

ILLIQ-SMEM Model

Tap to view equation

ParameterValuet-statistic
ω

const

Unconditional variance weight

0.8880
0.08
α

ARCH

Response to squared shocks

0.1527
0.00
β

GARCH

Volatility persistence

0.8473
0.02
γi Spline Coefficients
K=6
γ1-0.2395
0.00
γ20.0260
0.00
γ30.5339
0.01
γ4-0.5961
-0.03
γ50.5073
0.67
γ6-0.4054
-0.06

Persistence:

1.000

Half-life:

173286 days