Haoxi Health Technology Ltd Spline ILLIQ Liquidity Analysis
Liquidity prediction for Thursday, July 16th, 2026
1 Day
85,936.68
increased by 30,374.95
1 Week
93,665.58
increased by 38,103.85
1 Month
168,894.75
increased by 113,333.02
Analysis last updated: Wednesday, July 15, 2026 at 09:41 PM UTC
News Impact Curve
How returns affect tomorrow's liquidityLiquidity Forecast
How liquidity evolves over timeParameter Estimates
Jan 26, 2024 to Jul 10, 2026Model 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 6 trading days.
μ
ILLIQ-SMEM Model
Tap to view equation
| Parameter | Value | t-statistic |
|---|---|---|
ω const Unconditional variance weight | 0.5459 | 4.86*** |
α ARCH Response to squared shocks | 0.2939 | 5.22*** |
β GARCH Volatility persistence | 0.5904 | 7.25*** |
Spline Coefficients
K=6
| γ1 | 15.4042 | 2.26** |
| γ2 | -15.4246 | -1.36 |
| γ3 | 16.0728 | 1.54 |
| γ4 | -46.0943 | -3.43*** |
| γ5 | 51.8426 | 3.63*** |
| γ6 | -59.6157 | -2.78*** |
Persistence:
0.884
Half-life:
6 days
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