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	param	t-stat
$ω$	5.0000	1.50
$α$	0.0449	15.94
$β$	0.9133	422.85
$γ$	0.0835	17.45

V-Lab

Reply S.p.A. Asymmetric ILLIQ Liquidity Analysis

Liquidity Prediction for Monday, February 23rd, 2026:1,887.94 (-126.88)

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News Impact Curve

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