Fangzhou Inc Spline ILLIQ Liquidity Analysis
Liquidity prediction for Monday, July 20th, 2026
1 Day
314,202.10
increased by 6,970.30
1 Week
311,325.96
increased by 4,094.16
1 Month
219,006.85
decreased by 88,224.95
Analysis last updated: Saturday, July 18, 2026 at 11:32 PM UTC
News Impact Curve
How returns affect tomorrow's liquidityLiquidity Forecast
How liquidity evolves over timeParameter Estimates
Jul 9, 2024 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 9 trading days.
μ
ILLIQ-SMEM Model
Tap to view equation
| Parameter | Value | t-statistic |
|---|---|---|
ω const Unconditional variance weight | 1.2035 | 4.82*** |
α ARCH Response to squared shocks | 0.2123 | 4.09*** |
β GARCH Volatility persistence | 0.7150 | 10.36*** |
Spline Coefficients
K=2
| γ1 | -2.0748 | -1.41 |
| γ2 | 10.0253 | 3.70*** |
Persistence:
0.927
Half-life:
9 days
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