CBL & Associates Properties Inc Spline ILLIQ Liquidity Analysis
Liquidity prediction for Monday, July 20th, 2026
1 Day
1,195.76
increased by 7.29
1 Week
1,163.12
decreased by 25.35
1 Month
1,195.89
increased by 7.42
Analysis last updated: Friday, July 17, 2026 at 10:44 PM UTC
News Impact Curve
How returns affect tomorrow's liquidityLiquidity Forecast
How liquidity evolves over timeParameter Estimates
Nov 2, 2021 to Jul 17, 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 | 1.0862 | 5.87*** |
α ARCH Response to squared shocks | 0.0680 | 5.67*** |
β GARCH Volatility persistence | 0.9236 | 67.38*** |
Spline Coefficients
K=1
| γ1 | -0.2157 | -3.49*** |
Persistence:
0.992
Half-life:
82 days
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