D11-F02-A05 · GUIDED PLAYGROUND

Amihud Illiquidity Ratio

How much absolute return accompanies one unit of traded dollar volume? Choose a scenario, step through 61 deterministic calculations, and audit why the state changes.

◆ Synthetic teaching data · not a live market measurement
Amihud Illiquidity Ratio scenario curveSixty-one deterministic calculations with the selected point marked.

Horizontal: controlled step. Vertical: Amihud ratio (return / 1m volume).

Liquidity and Spreads · measurement context

How much absolute daily return accompanies one unit of same-day value volume?

Nearest comparison

Quoted and Effective Spread are direct intraday costs; Kyle Lambda uses signed flow.

Do not substitute

It is an illiquidity proxy, not a bid–ask spread or a causal price-impact coefficient.