V-Lab
Zhejiang Zheneng Electric Power Co Ltd Spline ILLIQ Liquidity Analysis
Illiquidity prediction for Monday, August 10th, 2026
1 Day
38.97
increased by 1.09
1 Week
42.81
increased by 4.93
1 Month
53.20
increased by 15.32
Analysis last updated: Saturday, August 8, 2026 at 06:44 PM UTC
News Impact Curve
How returns affect tomorrow's illiquidityIlliquidity Forecast
How illiquidity evolves over timeParameter Estimates
Dec 19, 2013 to Aug 7, 2026Model Insight
With persistence 1.000, illiquidity shocks have a half-life of 3316 trading days (~13.2 years), close to a unit root, so long-run forecasts are highly sensitive to this estimate.
μ
ILLIQ-SMEM Model
Tap to view equation
| Parameter | Value | t-statistic |
|---|---|---|
ω const Unconditional variance weight | 1.2230 | 2.26** |
α ARCH Response to squared shocks | 0.2351 | 26.90*** |
β GARCH Volatility persistence | 0.7647 | 87.61*** |
Spline Coefficients
K=1
| γ1 | -0.0213 | -1.79* |
Persistence:
1.000
Half-life:
3316 days
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