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Apartment Investment & Management Co Spline ILLIQ Liquidity Analysis

Liquidity prediction for Monday, July 20th, 2026

1 Day

2,634.15

increased by 211.32

1 Week

2,306.05

decreased by 116.78

1 Month

1,948.82

decreased by 474.01

Analysis last updated: Friday, July 17, 2026 at 10:37 PM UTC

Date Range:

from

to

6M ·

1Y ·

2Y ·

5Y ·

10Y ·

All

graph of Apartment Investment & Management Co ILLIQ-SMEM

News Impact Curve

How returns affect tomorrow's liquidity

Liquidity Forecast

How liquidity evolves over time

Parameter Estimates

Jul 22, 1994 to Jul 17, 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 67 trading days.

μ

ILLIQ-SMEM Model

Tap to view equation

ParameterValuet-statistic
ω

const

Unconditional variance weight

1.1477
5.64***
α

ARCH

Response to squared shocks

0.0812
13.86***
β

GARCH

Volatility persistence

0.9085
130.16***
γi Spline Coefficients
K=5
γ1-0.0597
-4.15***
γ20.0890
4.10***
γ3-0.0388
-2.41**
γ40.0225
1.41
γ5-0.0152
-0.71

Persistence:

0.990

Half-life:

67 days