Horizon Quantum Holdings LTD Spline ILLIQ Liquidity Analysis
Liquidity prediction for Thursday, July 23rd, 2026
1 Day
1,967.27
decreased by 0.01
1 Week
2,191.65
increased by 224.37
1 Month
4,396.87
increased by 2,429.59
Analysis last updated: Wednesday, July 22, 2026 at 09:24 PM UTC
News Impact Curve
How returns affect tomorrow's liquidityLiquidity Forecast
How liquidity evolves over timeParameter Estimates
Mar 20, 2026 to Jul 17, 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 5 trading days.
μ
ILLIQ-SMEM Model
Tap to view equation
| Parameter | Value | t-statistic |
|---|---|---|
ω const Unconditional variance weight | 1.2580 | 4.08*** |
α ARCH Response to squared shocks | 0.0000 | 0.00 |
β GARCH Volatility persistence | 0.8607 | 9.55*** |
Spline Coefficients
K=1
| γ1 | -35.4909 | -3.60*** |
Persistence:
0.861
Half-life:
5 days
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