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V-Lab

And Factory Inc Spline ILLIQ Liquidity Analysis

Liquidity prediction for Wednesday, July 15th, 2026

1 Day

4,779.30

decreased by 495.21

1 Week

5,480.29

increased by 205.78

1 Month

5,924.56

increased by 650.05

Analysis last updated: Wednesday, July 15, 2026 at 07:52 PM UTC

Date Range:

from

to

6M ·

1Y ·

2Y ·

5Y ·

All

graph of And Factory Inc ILLIQ-SMEM

News Impact Curve

How returns affect tomorrow's liquidity

Liquidity Forecast

How liquidity evolves over time

Parameter Estimates

Sep 6, 2018 to Jul 10, 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 28 trading days.

μ

ILLIQ-SMEM Model

Tap to view equation

ParameterValuet-statistic
ω

const

Unconditional variance weight

0.5615
3.26***
α

ARCH

Response to squared shocks

0.1782
7.11***
β

GARCH

Volatility persistence

0.7977
25.82***
γi Spline Coefficients
K=1
γ1-0.0086
-0.23

Persistence:

0.976

Half-life:

28 days