Paycom Software Inc Spline ILLIQ Liquidity Analysis
Liquidity prediction for Thursday, July 16th, 2026
1 Day
213.76
decreased by 5.42
1 Week
205.99
decreased by 13.19
1 Month
192.45
decreased by 26.73
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
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 38 trading days.
μ
ILLIQ-SMEM Model
Tap to view equation
| Parameter | Value | t-statistic |
|---|---|---|
ω const Unconditional variance weight | 1.4401 | 9.67*** |
α ARCH Response to squared shocks | 0.0801 | 9.15*** |
β GARCH Volatility persistence | 0.9018 | 83.03*** |
Spline Coefficients
K=1
| γ1 | 0.0250 | 5.73*** |
Persistence:
0.982
Half-life:
38 days
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