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Gowa Makassar Tourism Development Tbk PT Spline ILLIQ Liquidity Analysis

Liquidity prediction for Monday, July 13th, 2026

1 Day

5,441.49

decreased by 1,154.36

1 Week

6,533.42

decreased by 62.43

1 Month

6,836.85

increased by 241.00

Analysis last updated: Tuesday, July 14, 2026 at 04:07 AM UTC

Date Range:

from

to

6M ·

1Y ·

2Y ·

5Y ·

10Y ·

All

graph of Gowa Makassar Tourism Development Tbk PT ILLIQ-SMEM

News Impact Curve

How returns affect tomorrow's liquidity

Liquidity Forecast

How liquidity evolves over time

Parameter Estimates

Jul 3, 2001 to Jul 10, 2026

Model Insight

This model fits a time-varying baseline (a spline), so illiquidity mean-reverts toward a slowly-shifting long-run level rather than a constant. Short-run deviations decay with a half-life of 4 trading days.

μ

ILLIQ-SMEM Model

Tap to view equation

ParameterValuet-statistic
ω

const

Unconditional variance weight

4.3029
4.73***
α

ARCH

Response to squared shocks

0.2888
6.72***
β

GARCH

Volatility persistence

0.5624
10.92***
γi Spline Coefficients
K=10
γ1-0.0547
-0.01
γ23.3675
0.47
γ3-5.1995
-1.10
γ42.9250
0.84
γ5-3.6153
-0.98
γ69.4635
2.83***
γ7-17.5570
-6.01***
γ822.8097
8.06***
γ9-20.9595
-7.40***
γ1016.8866
3.23***

Persistence:

0.851

Half-life:

4 days