V-Lab
Ardent Health Inc Spline ILLIQ Liquidity Analysis
Illiquidity prediction for Monday, August 24th, 2026
1 Day
6,036.64
increased by 1,740.08
1 Week
4,405.89
increased by 109.33
1 Month
3,955.22
decreased by 341.34
Analysis last updated: Friday, August 21, 2026 at 10:25 PM UTC
News Impact Curve
How returns affect tomorrow's illiquidityIlliquidity Forecast
How illiquidity evolves over timeParameter Estimates
Jul 18, 2024 to Aug 21, 2026Model 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 34 trading days.
μ
ILLIQ-SMEM Model
Tap to view equation
| Parameter | Value | t-statistic |
|---|---|---|
ω const Unconditional variance weight | 1.1258 | 5.77*** |
α ARCH Response to squared shocks | 0.0845 | 3.61*** |
β GARCH Volatility persistence | 0.8953 | 33.08*** |
Spline Coefficients
K=1
| γ1 | -0.4788 | -1.59 |
Persistence:
0.980
Half-life:
34 days
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