Koryo Electronics 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 Wednesday, July 22nd, 2026
1 Day
7,775.54
increased by 3,078.00
1 Week
4,946.71
increased by 249.17
1 Month
3,582.19
decreased by 1,115.35
Analysis last updated: Wednesday, July 22, 2026 at 08:44 PM UTC
News Impact Curve
How returns affect tomorrow's liquidityLiquidity Forecast
How liquidity evolves over timeParameter Estimates
Sep 12, 2006 to Jul 17, 2026Model Insight
With persistence 1.000, illiquidity shocks have a half-life of 77016 trading days (~305.6 years), close to a unit root, so long-run forecasts are highly sensitive to this estimate.
μ
ILLIQ-SMEM Model
Tap to view equation
| Parameter | Value | t-statistic |
|---|---|---|
ω const Unconditional variance weight | 1.0678 | 0.13 |
α ARCH Response to squared shocks | 0.1602 | 0.00 |
β GARCH Volatility persistence | 0.8398 | 0.00 |
Spline Coefficients
K=8
| γ1 | -0.4614 | 0.00 |
| γ2 | 2.4243 | 0.00 |
| γ3 | -4.3218 | 0.00 |
| γ4 | 3.6443 | 0.02 |
| γ5 | -1.7523 | 0.00 |
| γ6 | 0.2284 | 0.00 |
| γ7 | 0.4980 | 0.00 |
| γ8 | -0.0267 | 0.00 |
Persistence:
1.000
Half-life:
77016 days
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