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Realpha Tech Corp 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 Tuesday, July 14th, 2026

1 Day

637,092.70

decreased by 3,742.80

1 Week

617,564.34

decreased by 23,271.16

1 Month

505,264.24

decreased by 135,571.26

Analysis last updated: Monday, July 13, 2026 at 09:17 PM UTC

Date Range:

from

to

6M ·

1Y ·

2Y ·

All

graph of Realpha Tech Corp ILLIQ-SMEM

News Impact Curve

How returns affect tomorrow's liquidity

Liquidity Forecast

How liquidity evolves over time

Parameter Estimates

Oct 23, 2023 to Jul 10, 2026

Model Insight

With persistence 1.000, illiquidity shocks have a half-life of 86643 trading days (~343.8 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

1.3112
0.65
α

ARCH

Response to squared shocks

0.2776
0.13
β

GARCH

Volatility persistence

0.7224
0.34
γi Spline Coefficients
K=1
γ10.4787
0.01

Persistence:

1.000

Half-life:

86643 days