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	param	t-stat
$ω$	3.6404	1.87
$α$	0.2940	4.38
$β$	0.6904	11.74
$γ_{1}$	0.2779	0.28
$γ_{2}$	-1.1891	-0.86
$γ_{3}$	2.1634	2.57
$γ_{4}$	-1.8580	-2.45
$γ_{5}$	1.0778	1.44
$γ_{6}$	-2.4071	-3.46
$γ_{7}$	4.4183	8.04
$γ_{8}$	-4.0486	-7.22
$γ_{9}$	2.4243	2.11
$γ_{10}$	-1.3551	-0.71

V-Lab

Pharmena SA Spline ILLIQ Liquidity Analysis

Liquidity Prediction for Monday, February 23rd, 2026:3,974,170.00 (32,727.00)

Date Range:

Parameter Estimates

News Impact Curve

Liquidity Forecasts

Other Pharmena SA Analyses