TF-IDF basket · Engle-Granger pairs · Polymarket
Related to Bab el-Mandeb Strait effectively closed by June 15?
Markets in the same TF-IDF topic cluster, with a 7-day Engle-Granger cointegration screen against each peer. Pairs with t-statistic below −3.34 reject the null of no cointegration at the 5% level — meaning the two markets share a stationary spread useful for relative-value trades.
§1 · Topic basket · “bab · el · mandeb” (2 markets)
Top terms: babelmandebeffectivelyclosedstrait
- ★ Bab el-Mandeb Strait effectively closed by June 15?0.3¢ YES · $41.9k 24h
- Bab el-Mandeb Strait effectively closed by June 30?2.7¢ YES · $44.4k 24h
§2 · Engle-Granger cointegration screen (1 pairs tested)
For each peer, 7d aligned series are regressed; the residuals are tested for a unit root (ADF). Reject H₀ (no cointegration) at 5% when t < −3.34. Cointegrated pairs share a stationary spread — candidates for pairs / basket trades.
| Peer | t-stat | n | Verdict |
|---|---|---|---|
| -45.057 | 153 | ▲ cointegrated · pair candidate |
▸ Advanced metrics · M2M bundle
polymarket · bab-el-mandeb-strait-effectively-closed-by-june-15 · fresh · feed 0s old24h sparkline · 60 pts▼ —
realized vol (ann.)
9.48%
max drawdown
16.67%
sharpe
—
ulcer index
5.09%
RMS drawdown
pain index
1.55%
mean drawdown
mod. VaR 95%
0.00%
Cornish-Fisher
martin ratio
—
ret / ulcer
CDaR 95%
16.67%
cond. drawdown
gain/pain
4.00
Σgain / Σ|loss|
sterling
—
ret / CDaR
omega (θ=0)
4.00
upside/downside
roll spread
21.4 bps
implied (price-only)
bars used
537
store
spread
—
24h Δ
—
flow lean
—
carry
flat
signalNEUTRALconfidence 20%
Same bundle via M2M API:
/api/m2m/pm-bab-el-mandeb-strait-effectively-closed-by-june-15/bundle · venue execution: polymarket →