Visi Telekomunikasi Spline ILLIQ Liquidity Analysis
Liquidity prediction for Tuesday, July 21st, 2026
1 Day
708.62
decreased by 131.73
1 Week
954.34
increased by 113.99
1 Month
2,494.99
increased by 1,654.64
Analysis last updated: Tuesday, July 21, 2026 at 08:09 PM UTC
News Impact Curve
How returns affect tomorrow's liquidityLiquidity Forecast
How liquidity evolves over timeParameter Estimates
Jul 7, 2010 to Jul 17, 2026Model Insight
With persistence 1.000, illiquidity shocks have a half-life of 2341 trading days (~9.3 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 | 1.0476 | 4.37*** |
α ARCH Response to squared shocks | 0.1670 | 8.86*** |
β GARCH Volatility persistence | 0.8328 | 44.17*** |
Spline Coefficients
K=7
| γ1 | 2.4123 | 3.76*** |
| γ2 | -4.6779 | -4.40*** |
| γ3 | 4.2852 | 4.70*** |
| γ4 | -5.0203 | -5.54*** |
| γ5 | 6.0020 | 6.54*** |
| γ6 | -4.7641 | -5.60*** |
| γ7 | 2.3798 | 1.77* |
Persistence:
1.000
Half-life:
2341 days
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