Akasaka Diesels Ltd Spline ILLIQ Liquidity Analysis
Liquidity prediction for Tuesday, July 21st, 2026
1 Day
7,094.34
decreased by 788.18
1 Week
6,614.18
decreased by 1,268.34
1 Month
6,520.39
decreased by 1,362.13
Analysis last updated: Sunday, July 19, 2026 at 01:41 AM UTC
News Impact Curve
How returns affect tomorrow's liquidityLiquidity Forecast
How liquidity evolves over timeParameter Estimates
Oct 2, 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 36 trading days.
μ
ILLIQ-SMEM Model
Tap to view equation
| Parameter | Value | t-statistic |
|---|---|---|
ω const Unconditional variance weight | 0.9623 | 5.40*** |
α ARCH Response to squared shocks | 0.1321 | 11.37*** |
β GARCH Volatility persistence | 0.8490 | 63.77*** |
Spline Coefficients
K=10
| γ1 | 0.1233 | 1.18 |
| γ2 | -0.1143 | -0.70 |
| γ3 | -0.3957 | -3.05*** |
| γ4 | 0.6615 | 4.69*** |
| γ5 | -0.0910 | -0.71 |
| γ6 | -0.4681 | -4.01*** |
| γ7 | 0.3465 | 2.88*** |
| γ8 | 0.1980 | 1.57 |
| γ9 | -0.8328 | -5.81*** |
| γ10 | 1.2338 | 4.79*** |
Persistence:
0.981
Half-life:
36 days
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