V-Lab
SBA Communications Corp Spline ILLIQ Liquidity Analysis
High-persistence model: shocks decay very slowly, so the theoretical long-run value may not be practically meaningful
Illiquidity prediction for Wednesday, August 12th, 2026
1 Day
90.90
decreased by 3.61
1 Week
93.95
decreased by 0.56
1 Month
89.60
decreased by 4.91
Analysis last updated: Tuesday, August 11, 2026 at 10:08 PM UTC
News Impact Curve
How returns affect tomorrow's illiquidityIlliquidity Forecast
How illiquidity evolves over timeParameter Estimates
Jun 16, 1999 to Aug 7, 2026Model Insight
Estimated persistence of 1.000 is at or above 1 (non-stationary): illiquidity shocks do not decay and the long-run level is undefined, so long-horizon forecasts should be treated with caution.
μ
ILLIQ-SMEM Model
Tap to view equation
| Parameter | Value | t-statistic |
|---|---|---|
ω const Unconditional variance weight | 1.0325 | |
α ARCH Response to squared shocks | 0.0806 | |
β GARCH Volatility persistence | 0.9194 |
Spline Coefficients
K=4
| γ1 | -0.0037 | |
| γ2 | 0.0333 | |
| γ3 | 0.0002 | |
| γ4 | -0.0959 |
Persistence:
1.000
Half-life:
-
Other SBA Communications Corp Analyses
Other Spline ILLIQ Analyses on Real Estate