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	param	t-stat
$m$	21
$α$	0.1257	2.46
$β$	0.7879	102.68
$γ$	-0.1257	-0.95
$λ_{1}$	10.0000	3.20
$λ_{2}$	0.3887	11.19
$λ_{3}$	0.5207	3.00

V-Lab

Shanghai Newtouch Software Co Ltd ILLIQ-MFMEM Liquidity Analysis

Liquidity Prediction for Tuesday, February 24th, 2026:111.10 (-2.45)

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Parameter Estimates

News Impact Curve

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