Twamev Construction and Infrastructure Ltd Spline ILLIQ Liquidity Analysis
High-persistence model: shocks decay very slowly, so the theoretical long-run value may not be practically meaningful
Liquidity prediction for Friday, July 10th, 2026
1 Day
12,214.21
increased by 5,282.84
1 Week
6,243.88
decreased by 687.49
1 Month
2,682.92
decreased by 4,248.45
Analysis last updated: Friday, July 10, 2026 at 07:37 PM UTC
News Impact Curve
How returns affect tomorrow's liquidityLiquidity Forecast
How liquidity evolves over timeParameter Estimates
Oct 16, 2007 to Jul 3, 2026Model Insight
With persistence 1.000, illiquidity shocks have a half-life of 86643 trading days (~343.8 years), close to a unit root, so long-run forecasts are highly sensitive to this estimate.
μ
ILLIQ-SMEM Model
Tap to view equation
| Parameter | Value | t-statistic |
|---|---|---|
ω const Unconditional variance weight | 0.6819 | 0.01 |
α ARCH Response to squared shocks | 0.2444 | 0.00 |
β GARCH Volatility persistence | 0.7556 | 0.00 |
Spline Coefficients
K=7
| γ1 | -0.0083 | 0.00 |
| γ2 | 0.2949 | 0.00 |
| γ3 | -3.1167 | -0.01 |
| γ4 | 9.1646 | 0.03 |
| γ5 | -11.6164 | -0.02 |
| γ6 | 7.0377 | 0.02 |
| γ7 | -2.5295 | -0.01 |
Persistence:
1.000
Half-life:
86643 days
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