Yokogawa Bridge Hldgs Corp Spline ILLIQ Liquidity Analysis
Liquidity prediction for Tuesday, July 21st, 2026
1 Day
19.79
decreased by 1.24
1 Week
21.32
increased by 0.29
1 Month
20.32
decreased by 0.71
Analysis last updated: Sunday, July 19, 2026 at 01:10 AM UTC
News Impact Curve
How returns affect tomorrow's liquidityLiquidity Forecast
How liquidity evolves over timeParameter Estimates
Oct 1, 1992 to Jul 17, 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 53 trading days.
μ
ILLIQ-SMEM Model
Tap to view equation
| Parameter | Value | t-statistic |
|---|---|---|
ω const Unconditional variance weight | 2.7117 | 8.14*** |
α ARCH Response to squared shocks | 0.1287 | 14.25*** |
β GARCH Volatility persistence | 0.8583 | 85.74*** |
Spline Coefficients
K=1
| γ1 | -0.0007 | -0.94 |
Persistence:
0.987
Half-life:
53 days
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