TF-IDF basket · Engle-Granger pairs · Polymarket
Related to Will Hannes Steinbach be the 3rd overall pick in the 2026 NBA Draft?
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 · “pick · nba · draft” (5 markets)
Top terms: picknbadraftsports2026aj
- Will AJ Dybantsa be the first pick in the 2026 NBA draft?74.5¢ YES · $31.6k 24h
- Will Caleb Wilson be the first pick in the 2026 NBA draft?0.6¢ YES · $30.8k 24h
- Will Cameron Boozer be the first pick in the 2026 NBA draft?0.7¢ YES · $40.3k 24h
- Will Darryn Peterson be the first pick in the 2026 NBA draft?25.0¢ YES · $27.0k 24h
- ★ Will Hannes Steinbach be the 3rd overall pick in the 2026 NBA Draft?0.3¢ YES · $95.6k 24h
§2 · Engle-Granger cointegration screen (4 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 |
|---|---|---|---|
| -2.054 | 168 | no rejection · independent | |
| -1.515 | 168 | no rejection · independent | |
| -0.684 | 168 | no rejection · independent | |
| -0.652 | 168 | no rejection · independent |
▸ Advanced metrics · M2M bundle
polymarket · will-hannes-steinbach-be-the-3rd-overall-pick-in-the-2026-nba-draft · fresh · feed 11s old24h sparkline · 60 pts▼ —
realized vol (ann.)
0.00%
max drawdown
0.00%
sharpe
—
ulcer index
0.00%
RMS drawdown
pain index
0.00%
mean drawdown
mod. VaR 95%
0.00%
Cornish-Fisher
martin ratio
—
ret / ulcer
CDaR 95%
0.00%
cond. drawdown
gain/pain
—
Σgain / Σ|loss|
sterling
—
ret / CDaR
omega (θ=0)
1.00
upside/downside
roll spread
0.0 bps
implied (price-only)
bars used
799
store
spread
—
24h Δ
—
flow lean
—
carry
flat
signalNEUTRALconfidence 20%
Same bundle via M2M API:
/api/m2m/pm-will-hannes-steinbach-be-the-3rd-overall-pick-in-the-2026-nba-draft/bundle · venue execution: polymarket →