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V-Lab

Reliable Data Services Ltd Spline ILLIQ Liquidity Analysis

Liquidity prediction for Tuesday, July 21st, 2026

1 Day

7,571.47

increased by 1,808.36

1 Week

5,083.08

decreased by 680.03

1 Month

4,393.64

decreased by 1,369.47

Analysis last updated: Tuesday, July 21, 2026 at 07:09 PM UTC

Date Range:

from

to

6M ·

1Y ·

2Y ·

5Y ·

All

graph of Reliable Data Services Ltd ILLIQ-SMEM

News Impact Curve

How returns affect tomorrow's liquidity

Liquidity Forecast

How liquidity evolves over time

Parameter Estimates

Oct 25, 2017 to Jul 17, 2026

Model 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 6 trading days.

μ

ILLIQ-SMEM Model

Tap to view equation

ParameterValuet-statistic
ω

const

Unconditional variance weight

0.9160
5.45***
α

ARCH

Response to squared shocks

0.2773
8.75***
β

GARCH

Volatility persistence

0.6177
12.78***
γi Spline Coefficients
K=2
γ1-0.4941
-4.55***
γ20.3587
1.78*

Persistence:

0.895

Half-life:

6 days