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Pulstec Industrial Co Ltd Asymmetric ILLIQ Liquidity Analysis

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

Liquidity prediction for Tuesday, July 21st, 2026

1 Day

4,878.55

decreased by 348.87

1 Week

5,489.02

increased by 261.60

1 Month

4,283.16

decreased by 944.26

Analysis last updated: Sunday, July 19, 2026 at 01:51 AM UTC

Date Range:

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to

6M ·

1Y ·

2Y ·

5Y ·

10Y ·

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graph of Pulstec Industrial Co Ltd ILLIQ-AMEM

News Impact Curve

How returns affect tomorrow's liquidity

Liquidity Forecast

How liquidity evolves over time

Parameter Estimates

Aug 29, 1996 to Jul 17, 2026

Model Insight

With persistence 1.000, illiquidity shocks have a half-life of 1386294 trading days (~5501.2 years), close to a unit root, so long-run forecasts are highly sensitive to this estimate.

Asymmetry: Illiquidity rises 60% more after negative returns

μ

ILLIQ-AMEM Model

Tap to view equation

ParameterValuet-statistic
ω

const

Unconditional variance weight

5.0000
5.01***
α

ARCH

Response to squared shocks

0.0871
30.78***
β

GARCH

Volatility persistence

0.8870
441.30***
γ

leverage

Additional response to negative shocks

0.0519
9.39***

Persistence:

1.000

Half-life:

1386294 days