SBA Communications Corp Asymmetric ILLIQ Liquidity Analysis
Liquidity prediction for Monday, July 20th, 2026
1 Day
87.17
decreased by 4.85
1 Week
92.02
decreased by 0.00
1 Month
104.82
increased by 12.80
Analysis last updated: Friday, July 17, 2026 at 10:23 PM UTC
News Impact Curve
How returns affect tomorrow's liquidityLiquidity Forecast
How liquidity evolves over timeParameter Estimates
Jun 16, 1999 to Jul 17, 2026Model Insight
With persistence 0.997, illiquidity shocks have a half-life of 201 trading days (~0.8 years), close to a unit root, so long-run forecasts are highly sensitive to this estimate.
Asymmetry: Illiquidity rises 140% more after negative returns
μ
ILLIQ-AMEM Model
Tap to view equation
| Parameter | Value | t-statistic |
|---|---|---|
ω const Unconditional variance weight | 0.6458 | 13.43*** |
α ARCH Response to squared shocks | 0.0416 | 24.19*** |
β GARCH Volatility persistence | 0.9259 | 764.56*** |
γ leverage Additional response to negative shocks | 0.0582 | 21.57*** |
Persistence:
0.997
Half-life:
201 days
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