Empower Industries India 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 Friday, July 17th, 2026
1 Day
6,011.57
decreased by 890.77
1 Week
7,474.41
increased by 572.07
1 Month
11,508.52
increased by 4,606.18
Analysis last updated: Friday, July 17, 2026 at 07:26 PM UTC
News Impact Curve
How returns affect tomorrow's liquidityLiquidity Forecast
How liquidity evolves over timeParameter Estimates
Apr 27, 2010 to Jul 10, 2026Model Insight
With persistence 1.000, illiquidity shocks have a half-life of 33007 trading days (~131.0 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 | 0.7884 | 0.23 |
α ARCH Response to squared shocks | 0.2344 | 0.01 |
β GARCH Volatility persistence | 0.7656 | 0.03 |
Spline Coefficients
K=9
| γ1 | 0.1712 | 0.00 |
| γ2 | 3.9773 | 0.03 |
| γ3 | -15.0983 | -0.14 |
| γ4 | 20.9161 | 0.14 |
| γ5 | -10.6475 | -0.07 |
| γ6 | -5.7729 | -0.06 |
| γ7 | 10.6868 | 0.72 |
| γ8 | -6.4296 | -0.05 |
| γ9 | 7.6817 | 0.01 |
Persistence:
1.000
Half-life:
33007 days
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