Paycom Software Inc Asymmetric ILLIQ Liquidity Analysis
Liquidity prediction for Thursday, July 16th, 2026
1 Day
204.02
decreased by 8.49
1 Week
199.68
decreased by 12.83
1 Month
199.07
decreased by 13.44
Analysis last updated: Wednesday, July 15, 2026 at 10:07 PM UTC
News Impact Curve
How returns affect tomorrow's liquidityLiquidity Forecast
How liquidity evolves over timeParameter Estimates
Apr 15, 2014 to Jul 10, 2026Model Insight
With persistence 0.994, illiquidity shocks have a half-life of 116 trading days (~0.5 years), close to a unit root, so long-run forecasts are highly sensitive to this estimate.
Asymmetry: Illiquidity rises 120% more after negative returns
μ
ILLIQ-AMEM Model
Tap to view equation
| Parameter | Value | t-statistic |
|---|---|---|
ω const Unconditional variance weight | 1.4470 | 12.95*** |
α ARCH Response to squared shocks | 0.0481 | 19.14*** |
β GARCH Volatility persistence | 0.9171 | 515.52*** |
γ leverage Additional response to negative shocks | 0.0577 | 11.18*** |
Persistence:
0.994
Half-life:
116 days
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