{"version":2,"ranked_by":"box_ret_30d","as_of":"2026-11-04T23:05:30.484659+00:00","window_days":92,"min_overlap_days":30,"candidates":1500,"pairs":[{"corr_rank":4,"a":{"symbol":"FLOCK","display_symbol":"FLOCK","name":"FLOCK","asset_class":"crypto","vehicle_kind":"security","vehicle_url":"/events/universe/vehicle/FLOCK","ret_30d":-40.0696},"b":{"symbol":"MPRA","display_symbol":"MPRA","name":"Maya Preferred PRA","asset_class":"crypto","vehicle_kind":"security","vehicle_url":"/events/universe/vehicle/MPRA","ret_30d":14.8419},"box":{"long":"MPRA","long_display":"MPRA","short":"FLOCK","short_display":"FLOCK","ret_30d":54.9115,"ret_30d_on_both_legs":27.4557},"corr":-0.6093,"z":5.88,"overlap_days":72,"corr_first_half":-0.6647,"corr_second_half":-0.3635,"rank":1},{"corr_rank":3,"a":{"symbol":"EGLD","display_symbol":"EGLD","name":"MultiversX","asset_class":"crypto","vehicle_kind":"security","vehicle_url":"/events/universe/vehicle/EGLD","ret_30d":-25.9371},"b":{"symbol":"VUSD","display_symbol":"VUSD","name":"Veno USD","asset_class":"crypto","vehicle_kind":"security","vehicle_url":"/events/universe/vehicle/VUSD","ret_30d":2.2656},"box":{"long":"VUSD","long_display":"VUSD","short":"EGLD","short_display":"EGLD","ret_30d":28.2027,"ret_30d_on_both_legs":14.1014},"corr":-0.6157,"z":5.88,"overlap_days":70,"corr_first_half":-0.7208,"corr_second_half":-0.2724,"rank":2},{"corr_rank":5,"a":{"symbol":"NFLXB","display_symbol":"NFLXB","name":"Netflix (bStocks Tokenized Stock)","asset_class":"crypto","vehicle_kind":"security","vehicle_url":"/events/universe/vehicle/NFLXB","ret_30d":-6.6543},"b":{"symbol":"RAGEGUY","display_symbol":"RAGEGUY","name":"Rage Guy","asset_class":"crypto","vehicle_kind":"security","vehicle_url":"/events/universe/vehicle/RAGEGUY","ret_30d":-13.0922},"box":{"long":"NFLXB","long_display":"NFLXB","short":"RAGEGUY","short_display":"RAGEGUY","ret_30d":6.4379,"ret_30d_on_both_legs":3.2189},"corr":-0.5814,"z":5.52,"overlap_days":72,"corr_first_half":-0.3317,"corr_second_half":-0.771,"rank":3},{"corr_rank":2,"a":{"symbol":"IDRX","display_symbol":"IDRX","name":"IDRX","asset_class":"crypto","vehicle_kind":"security","vehicle_url":"/events/universe/vehicle/IDRX","ret_30d":-2.01},"b":{"symbol":"MIMATIC","display_symbol":"MIMATIC","name":"MAI","asset_class":"crypto","vehicle_kind":"security","vehicle_url":"/events/universe/vehicle/MIMATIC","ret_30d":-0.0979},"box":{"long":"MIMATIC","long_display":"MIMATIC","short":"IDRX","short_display":"IDRX","ret_30d":1.9121,"ret_30d_on_both_legs":0.956},"corr":-0.6885,"z":6.97,"overlap_days":71,"corr_first_half":-0.3069,"corr_second_half":-0.7956,"rank":4},{"corr_rank":1,"a":{"symbol":"SOXLON","display_symbol":"SOXLON","name":"Direxion Daily Semi Bull 3X ETF (Ondo Tokenized)","asset_class":"crypto","vehicle_kind":"security","vehicle_url":"/events/universe/vehicle/SOXLON","ret_30d":-54.0788},"b":{"symbol":"SOXSB","display_symbol":"SOXSB","name":"Direxion Semiconductor Bear 3X ETF (bStocks Tokenized Stock)","asset_class":"crypto","vehicle_kind":"security","vehicle_url":"/events/universe/vehicle/SOXSB","ret_30d":null},"box":null,"corr":-0.9453,"z":14.61,"overlap_days":70,"corr_first_half":-0.9511,"corr_second_half":-0.9435,"rank":5}],"usage":{"hedge":"Hold both: when one leg falls the other has tended to rise, so the pair's swings offset.","box":"Box a trade: long one leg and short the other to isolate the spread between them."},"method":"Pearson correlation of daily returns on each pair's common trading days over the last 92 days, across vehicles that trade on at least 70% of their sessions and move at least 0.2% a day; a pair needs 30+ common days, a Fisher z-statistic of 5 or more and a negative correlation in both halves of the window; the long and short book of one index are excluded; each vehicle appears once. Box = long the leg with the higher 30-day return, short the other; box return = long minus short per unit of one leg's notional (half on both legs' capital), no funding or borrow costs; pairs are ranked by it.","status":"ok"}