Ashnisha Industries Ltd Spline ILLIQ Liquidity Analysis
Liquidity prediction for Monday, July 20th, 2026
1 Day
23,719.03
increased by 20,301.11
1 Week
7,824.18
increased by 4,406.26
1 Month
7,136.01
increased by 3,718.09
Analysis last updated: Sunday, July 19, 2026 at 12:00 AM UTC
News Impact Curve
How returns affect tomorrow's liquidityLiquidity Forecast
How liquidity evolves over timeParameter Estimates
Jul 31, 2018 to Jul 17, 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 25 trading days.
μ
ILLIQ-SMEM Model
Tap to view equation
| Parameter | Value | t-statistic |
|---|---|---|
ω const Unconditional variance weight | 2.2638 | 0.81 |
α ARCH Response to squared shocks | 0.7261 | 4.31*** |
β GARCH Volatility persistence | 0.2465 | 2.25** |
Spline Coefficients
K=10
| γ1 | -2.7299 | -0.58 |
| γ2 | -7.1189 | -1.10 |
| γ3 | 18.9827 | 5.02*** |
| γ4 | -17.8821 | -4.41*** |
| γ5 | 13.5966 | 3.76*** |
| γ6 | -4.8876 | -1.71* |
| γ7 | 6.9106 | 1.94* |
| γ8 | -12.6333 | -3.57*** |
| γ9 | 7.2989 | 2.42** |
| γ10 | -4.8984 | -0.94 |
Persistence:
0.973
Half-life:
25 days
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