TF-IDF basket · Engle-Granger pairs · Polymarket
Related to Will the highest temperature in Hong Kong be 29°C on 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 · “highest · temperature · weather” (15 markets)
Top terms: highesttemperatureweatherclimate15june
- Will the highest temperature in Beijing be 25°C or below on June 15?5.8¢ YES · $22.0k 24h
- Will the highest temperature in Denver be between 66-67°F on June 14?0.1¢ YES · $24.1k 24h
- Will the highest temperature in Hong Kong be 27°C on June 15?0.1¢ YES · $26.9k 24h
- Will the highest temperature in Hong Kong be 28°C on June 15?0.1¢ YES · $23.8k 24h
- ★ Will the highest temperature in Hong Kong be 29°C on June 15?99.3¢ YES · $52.0k 24h
- Will the highest temperature in Hong Kong be 30°C on June 15?0.4¢ YES · $27.2k 24h
- Will the highest temperature in Hong Kong be 31°C on June 15?0.1¢ YES · $25.9k 24h
- Will the highest temperature in Los Angeles be 61°F or below on June 14?0.1¢ YES · $47.2k 24h
- Will the highest temperature in Mexico City be 24°C on June 14?0.1¢ YES · $28.4k 24h
- Will the highest temperature in Sao Paulo be 18°C on June 15?0.1¢ YES · $30.0k 24h
- Will the highest temperature in Seoul be 28°C on June 15?87.0¢ YES · $30.3k 24h
- Will the highest temperature in Seoul be 30°C on June 15?0.7¢ YES · $25.2k 24h
- Will the highest temperature in Seoul be 31°C on June 15?0.1¢ YES · $25.4k 24h
- Will the highest temperature in Seoul be 32°C or higher on June 15?0.1¢ YES · $25.6k 24h
- Will the highest temperature in Tokyo be 20°C on June 15?0.1¢ YES · $28.5k 24h
§2 · Engle-Granger cointegration screen (8 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 |
|---|---|---|---|
| -2.525 | 51 | no rejection · independent | |
| -2.258 | 51 | no rejection · independent | |
| -1.442 | 51 | no rejection · independent | |
| -1.411 | 51 | no rejection · independent | |
| -1.332 | 51 | no rejection · independent | |
| -1.327 | 51 | no rejection · independent | |
| -0.635 | 51 | no rejection · independent | |
| 0.126 | 51 | no rejection · independent |
▸ Advanced metrics · M2M bundle
polymarket · highest-temperature-in-hong-kong-on-june-15-2026-29c · fresh · feed 0s old24h sparkline · 60 pts▼ —
realized vol (ann.)
1880.80%
max drawdown
7.19%
sharpe
—
ulcer index
2.17%
RMS drawdown
pain index
0.66%
mean drawdown
mod. VaR 95%
0.00%
Cornish-Fisher
martin ratio
—
ret / ulcer
CDaR 95%
7.19%
cond. drawdown
gain/pain
10.15
Σgain / Σ|loss|
sterling
—
ret / CDaR
omega (θ=0)
10.15
upside/downside
roll spread
23.7 bps
implied (price-only)
bars used
546
store
spread
—
24h Δ
—
flow lean
—
carry
flat
signalNEUTRALconfidence 20%
Same bundle via M2M API:
/api/m2m/pm-highest-temperature-in-hong-kong-on-june-15-2026-29c/bundle · venue execution: polymarket →