EBIX Ltd Spline ILLIQ Liquidity Analysis
High-persistence model: shocks decay very slowly, so the theoretical long-run value may not be practically meaningful
Liquidity prediction for Tuesday, July 14th, 2026
1 Day
8,202.68
increased by 2,942.18
1 Week
5,958.17
increased by 697.67
1 Month
5,982.04
increased by 721.54
Analysis last updated: Tuesday, July 14, 2026 at 06:50 PM UTC
News Impact Curve
How returns affect tomorrow's liquidityLiquidity Forecast
How liquidity evolves over timeParameter Estimates
Oct 29, 2013 to Jul 10, 2026Model Insight
With persistence 1.000, illiquidity shocks have a half-life of 693147 trading days (~2750.6 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 | 0.6912 | |
α ARCH Response to squared shocks | 0.2916 | |
β GARCH Volatility persistence | 0.7084 |
Spline Coefficients
K=1
| γ1 | 0.2646 |
Persistence:
1.000
Half-life:
693147 days
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