Cloudflare Inc Spline ILLIQ Liquidity Analysis
Liquidity prediction for Monday, July 20th, 2026
1 Day
28.44
decreased by 0.05
1 Week
29.05
increased by 0.56
1 Month
30.85
increased by 2.36
Analysis last updated: Friday, July 17, 2026 at 11:09 PM UTC
News Impact Curve
How returns affect tomorrow's liquidityLiquidity Forecast
How liquidity evolves over timeParameter Estimates
Sep 13, 2019 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 64 trading days.
μ
ILLIQ-SMEM Model
Tap to view equation
| Parameter | Value | t-statistic |
|---|---|---|
ω const Unconditional variance weight | 1.0179 | 7.11*** |
α ARCH Response to squared shocks | 0.0821 | 7.84*** |
β GARCH Volatility persistence | 0.9070 | 81.25*** |
Spline Coefficients
K=1
| γ1 | -0.0521 | -2.48** |
Persistence:
0.989
Half-life:
64 days
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