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V-Lab

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

Date Range:

from

to

6M ·

1Y ·

2Y ·

All

graph of Fangzhou Inc ILLIQ-SMEM

News Impact Curve

How returns affect tomorrow's liquidity

Liquidity Forecast

How liquidity evolves over time

Parameter Estimates

Jul 9, 2024 to Jul 17, 2026

Model 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

ParameterValuet-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***
γi Spline Coefficients
K=2
γ1-2.0748
-1.41
γ210.0253
3.70***

Persistence:

0.927

Half-life:

9 days