V-Lab
China Liberal Education Holdings Ltd Spline ILLIQ Liquidity Analysis
High-persistence model: shocks decay very slowly, so the theoretical long-run value may not be practically meaningful
Illiquidity prediction for Monday, July 13th, 2026
1 Day
16,345,240,000,000,000.00
increased by 13,466,310,000,000,000.00
1 Week
7,323,562,000,000,000.00
increased by 4,444,632,000,000,000.00
1 Month
3,640,667,818,181,818.00
increased by 761,737,818,181,818.00
Analysis last updated: Saturday, July 11, 2026 at 09:26 AM UTC
News Impact Curve
How returns affect tomorrow's illiquidityIlliquidity Forecast
How illiquidity evolves over timeParameter Estimates
May 8, 2020 to Jul 10, 2026Model Insight
Estimated persistence of 1.000 is at or above 1 (non-stationary): illiquidity shocks do not decay and the long-run level is undefined, so long-horizon forecasts should be treated with caution.
μ
ILLIQ-SMEM Model
Tap to view equation
| Parameter | Value | t-statistic |
|---|---|---|
ω const Unconditional variance weight | 7.7019 | |
α ARCH Response to squared shocks | 0.2518 | |
β GARCH Volatility persistence | 0.7482 |
Spline Coefficients
K=3
| γ1 | -5.5529 | |
| γ2 | 7.5309 | |
| γ3 | 18.4465 |
Persistence:
1.000
Half-life:
-
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