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Reach Subsea Asa Spline ILLIQ Liquidity Analysis

Liquidity prediction for Tuesday, July 21st, 2026

1 Day

25,148.64

increased by 2,823.70

1 Week

21,411.10

decreased by 913.84

1 Month

22,111.02

decreased by 213.92

Analysis last updated: Tuesday, July 21, 2026 at 07:38 PM UTC

Date Range:

from

to

6M ·

1Y ·

2Y ·

5Y ·

10Y ·

All

graph of Reach Subsea Asa ILLIQ-SMEM

News Impact Curve

How returns affect tomorrow's liquidity

Liquidity Forecast

How liquidity evolves over time

Parameter Estimates

Oct 5, 1992 to Jul 17, 2026

Model Insight

With persistence 0.999, illiquidity shocks have a half-life of 521 trading days (~2.1 years), close to a unit root, so long-run forecasts are highly sensitive to this estimate.

μ

ILLIQ-SMEM Model

Tap to view equation

ParameterValuet-statistic
ω

const

Unconditional variance weight

26.6602
2.79***
α

ARCH

Response to squared shocks

0.0791
6.36***
β

GARCH

Volatility persistence

0.9196
74.54***
γi Spline Coefficients
K=9
γ1-0.4167
-0.55
γ20.9687
0.63
γ3-0.0250
-0.02
γ4-0.9217
-0.87
γ52.2639
2.12**
γ6-4.4351
-4.19***
γ73.6550
6.02***
γ8-1.6315
-6.31***
γ91.1978
3.65***

Persistence:

0.999

Half-life:

521 days