Burshane LPG (Pakistan) Ltd Spline ILLIQ Liquidity Analysis
Liquidity prediction for Thursday, July 9th, 2026
1 Day
6,210.14
decreased by 75.37
1 Week
6,135.08
decreased by 150.43
1 Month
6,631.77
increased by 346.26
Analysis last updated: Thursday, July 9, 2026 at 08:15 PM UTC
News Impact Curve
How returns affect tomorrow's liquidityLiquidity Forecast
How liquidity evolves over timeParameter Estimates
Apr 17, 2009 to Jul 3, 2026Model Insight
With persistence 0.992, illiquidity shocks have a half-life of 82 trading days (~0.3 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 | 3.3386 | 2.46** |
α ARCH Response to squared shocks | 0.2192 | 6.43*** |
β GARCH Volatility persistence | 0.7723 | 24.50*** |
Spline Coefficients
K=7
| γ1 | -2.3278 | -6.75*** |
| γ2 | 3.5503 | 8.13*** |
| γ3 | -1.4456 | -4.84*** |
| γ4 | 0.7401 | 2.18** |
| γ5 | -1.2064 | -2.77*** |
| γ6 | 1.2140 | 2.15** |
| γ7 | -1.4821 | -2.18** |
Persistence:
0.992
Half-life:
82 days
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