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V-Tac Technology Co Ltd Spline ILLIQ Liquidity Analysis

High-persistence model: shocks decay very slowly, so the theoretical long-run value may not be practically meaningful

Liquidity prediction for Monday, July 20th, 2026

1 Day

9,102.12

decreased by 538.31

1 Week

6,313.78

decreased by 3,326.65

1 Month

3,777.03

decreased by 5,863.40

Analysis last updated: Sunday, July 19, 2026 at 04:54 AM UTC

Date Range:

from

to

6M ·

1Y ·

2Y ·

5Y ·

10Y ·

All

graph of V-Tac Technology Co Ltd ILLIQ-SMEM

News Impact Curve

How returns affect tomorrow's liquidity

Liquidity Forecast

How liquidity evolves over time

Parameter Estimates

Jul 3, 2003 to Jul 17, 2026

Model Insight

With persistence 1.000, illiquidity shocks have a half-life of 173286 trading days (~687.6 years), close to a unit root, so long-run forecasts are highly sensitive to this estimate.

μ

ILLIQ-SMEM Model

Tap to view equation

ParameterValuet-statistic
ω

const

Unconditional variance weight

12.5248
α

ARCH

Response to squared shocks

0.2586
β

GARCH

Volatility persistence

0.7414
γi Spline Coefficients
K=10
γ1-3.7674
γ23.1823
γ37.8474
γ4-13.1834
γ57.5362
γ6-5.1230
γ77.0614
γ8-2.9129
γ9-0.3395
γ10-2.5076

Persistence:

1.000

Half-life:

173286 days