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V-Lab

HeidelbergCement AG GAS-GARCH Student T Volatility Analysis

Volatility prediction for Monday, July 20th, 2026

1 Day

36.50%

decreased by 2.67%

1 Week

36.57%

decreased by 2.60%

1 Month

36.82%

decreased by 2.35%

Analysis last updated: Saturday, July 18, 2026 at 10:51 PM UTC

Date Range:

from

to

6M ·

1Y ·

2Y ·

5Y ·

10Y ·

All

graph of HeidelbergCement AG GAS-GARCH-T

News Impact Curve

How returns affect tomorrow's volatility

Volatility Forecast

How volatility evolves over time

Parameter Estimates

Jan 2, 1990 to Jul 17, 2026

Model Insight

Volatility shocks decay with a half-life of 68 trading days, meaning a shock loses half its impact after approximately 68 days. Returns follow a Student-t distribution with v = 4.49 degrees of freedom, capturing fatter tails than a normal distribution.

𝑓

GAS-GARCH-T Model

Tap to view equation

ParameterValuet-statistic
ω

const

Unconditional variance weight

6.2658
4.08***
α

ARCH

Response to squared shocks

0.0806
38.95***
β

GARCH

Volatility persistence

0.9899
387.12***
ν

DF

Student-t tail thickness

4.4929
14.21***

Persistence:

0.990

Half-life:

68 days