V-Lab
Haoxi Health Technology Ltd Spline ILLIQ Liquidity Analysis
High-persistence model: shocks decay very slowly, so the theoretical long-run value may not be practically meaningful
Illiquidity prediction for Wednesday, August 26th, 2026
1 Day
290,500.40
increased by 28,365.00
1 Week
214,903.08
decreased by 47,232.32
1 Month
178,336.93
decreased by 83,798.47
Analysis last updated: Tuesday, August 25, 2026 at 09:24 PM UTC
News Impact Curve
How returns affect tomorrow's illiquidityIlliquidity Forecast
How illiquidity evolves over timeParameter Estimates
Jan 26, 2024 to Aug 21, 2026Model Insight
With persistence 1.000, illiquidity shocks have a half-life of 86643 trading days (~343.8 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 | 0.7897 | 0.17 |
α ARCH Response to squared shocks | 0.3063 | 0.01 |
β GARCH Volatility persistence | 0.6937 | 0.02 |
Spline Coefficients
K=1
| γ1 | -2.8498 | -0.25 |
Persistence:
1.000
Half-life:
86643 days
Other Haoxi Health Technology Ltd Analyses
Other Spline ILLIQ Analyses on Equities