Themes / Group
Active · established relationshipLatest completed snapshot · Jul 14 · 18:03 ET

MARKET-DISCOVERED GROUP

Industrial Metals & Machinery

THE TRADER READBroad relative move, confirmed beyond the cohort—but not by flow

0 of 12 measured SPY-adjusted paths align to the mixed across 8.4 effective names. Common-bar coverage spans 12 of 23 cohort members. BWA, AEIS are also moving with filing-linked members. Capital-flow agreement is 18%, so the basket is not yet clean.

Price breadth2 up · 21 down-0.0% median path versus SPY
Capital-flow alignment18%Price breadth is not yet confirmed by flow
Activity nowHotActivity score 88/100 · lift 1.3×
Evidence depth2 episodesLow sample—context, not a validated playbook
EVIDENCE CLOCK

What happened, in timestamp order

6 timed events · 15:40–15:55 ET
TIMING READNo verified timestamped headline was found within 24 hours of the first measured price move in the available common-bar window. The move currently reads as market-led or unexplained.
  3. 5-minute inferenceDCH registered the first material upside path

    +0.53% session path at the threshold · DCH

  4. 5-minute inferenceMWA registered a material upside path

    +0.40% session path at the threshold · MWA

  5. 5-minute inferenceHRI registered a material upside path

    +0.64% session path at the threshold · HRI

  6. 5-minute inferenceMBUU registered a material downside path

    -0.48% session path at the threshold · MBUU

2 earlier filing context receipts

SUN, APR 26CTOS filing documented shared operating contextdemand / volume affecting revenue · date precision only

MON, MAY 4APTV filing documented shared operating contextdemand / volume affecting revenue · date precision only

Headline times and retained activity confirmations are point-in-time evidence. Price order is inferred from aligned 5-minute bars. Filing evidence has date precision only and is context, not an intraday catalyst claim.
THEME CONSTRUCTION

Broad move or one-stock disguise?

SPY-adjusted 5m paths

Observed movement is broad across 8.4 effective names. DCH represents 21.2% of absolute path energy; 0 of 12 members align without a clean common direction.

ConstructionBroad21.2% from the largest path
Effective names8.4 / 1212 of 23 cohort members had common bars
Direction breadthMixedmixed relative path · 0 counter-moving
Largest moverDCH 21.2%35.3% from the top two paths
DCH21.2%Independent direction · path +0.81% · basket +0.07pp
MWA14.1%Independent direction · path +0.54% · basket +0.04pp
MBUU12.8%Independent direction · path -0.48% · basket -0.04pp
CTOS11.5%Independent direction · path +0.43% · basket +0.04pp
DAN8.1%Independent direction · path -0.31% · basket -0.03pp
LEA6.8%Independent direction · path -0.26% · basket -0.02pp
HRI6.3%Independent direction · path +0.24% · basket +0.02pp
GRC5.8%Independent direction · path +0.22% · basket +0.02pp
APTV5.1%Independent direction · path -0.19% · basket -0.02pp
GNTX5.0%Independent direction · path -0.19% · basket -0.02pp
FELE2.3%Flat / inactive path · path -0.09% · basket -0.01pp
ATKR1.0%Flat / inactive path · path +0.04% · basket +0.00pp
Top six names by movement share are shown. Movement share measures absolute 5-minute path energy; signed basket contribution is equal-weight. Neither is a portfolio weight or causal attribution.

01 · WHAT IS HAPPENING

The move, the flow and who is driving it

Price breadth, unusual activity and signed capital flow are separate observations
HOW THE PRICE MOVE SPREAD

Observed session sequence

5-minute bars · inferred
  1. DCH moved higher firstFirst member to clear the material path threshold · path +0.53%
  2. MWA registered a material higher path0m after the first price move · path +0.40%
  3. HRI registered a material higher path0m after the first price move · path +0.64%
  4. MBUU registered a material lower path10m after the first price move · path -0.48%
  5. CTOS registered a material higher path10m after the first price move · path +0.43%

Sequence inferred from aligned 5-minute price paths; it is not a causal ordering.

RELATIVE CO-MOVEMENT

How the members are behaving together

SPY-adjusted
Sep 9 · 15:40 ET15:50 ETSep 9 · 15:55 ET
Group median -0.02%Strongest relative path DCHWeakest relative path MBUU

Observed member paths adjusted against SPY. The dashed marker shows when the median move first cleared a material threshold; shading marks the latest 20% of the observed window.

02 · WHY IT MATTERS

Why now and where the move could travel

Context and lead/lag links are evidence, not proof of causation or a forecast
WHY THIS GROUP EXISTS

Shared filing context

23/23 members covered

Moderate filing support: the strongest shared 10-Q/K outlook is operating setup (near-term outlook) across ATKR, DAN, DCH, GNTX, HRI, MBUU, MWA, NOVT, NX, PHIN, RYZ, THRM, VC, WS, WSC, WTS.

demand / volume affecting revenue

“Our volumes increased 2% for the three months ended March 31, 2026, which primarily reflects volume growth in North America and Asia Pacific, partially offset by volume declines in Europe, compared to decreased global automotive production of 3% (down 2% on an Aptiv weighted market basis, which represents global vehicle production weighted to the geographic regions in which the Company generates its revenue, “AWM”).”

APTV 10-Q · 2026-05-05
restructuring affecting expense

“The Company does no t expect to incur additional material severance expenses in fiscal 2026 or beyond due to these announced plans.”

WS 10-Q · 2026-04-09
restructuring

“Impairment of assets in the third quarter of fiscal 2026 was due to a pre-tax impairment charge of $1.5 million related to internal-use software module assets that were determined to have no value and written down to zero.”

WS 10-Q · 2026-04-09
CONFIRMATION NETWORK

Outsiders and cross-asset links

2 outsiders confirming

No qualified cross-asset lead/lag link is available for this group.

Filing-linked outsiders test whether the move is spreading beyond the established cohort.

BWAMoving with group

DAN · text peer

AEISMoving with group

PHIN · text peer

VGNTNot confirming

VC · text peer

AGYSNot confirming

GRC · text peer

03 · WHO IS IN IT

Member participation

Unusual activity and daily price direction are shown separately
WSPIIRGRCRYZVCMWANOVTLEAWSCHRIMBUUFELECTOSATKRGNTXAPTVDCHTHRMDANPHINNXWTS

16/23 active2 rising · 21 falling

MemberUnusual activityToday's moveRead now
WSWorthington Steel, Inc.
Most unusual · 100/100
-3.4%
Active; unclassifiedActive in 37.5% of observed group sessions
PIIPolaris Inc.
Elevated · 19/100
-3.4%
Active; unclassifiedActive in 12.5% of observed group sessions
RRyder System, Inc.
Participating · 16/100
-1.1%
Flow confirmerActive in 75% of observed group sessions
GRCThe Gorman-Rupp Company
Participating · 14/100
-0.7%
Active; unclassifiedActive in 25% of observed group sessions
RYZRyerson Holding Corporation
Participating · 14/100
-1.1%
Active; unclassifiedActive in 50% of observed group sessions
VCVisteon Corporation
Participating · 13/100
-0.8%
Flow divergenceActive in 12.5% of observed group sessions
MWAMueller Water Products, Inc.
Participating · 12/100
+1.0%
Active; unclassifiedActive in 0% of observed group sessions
NOVTNovanta Inc.
Participating · 12/100
-2.4%
Active; unclassifiedActive in 0% of observed group sessions
LEALear Corporation
Participating · 12/100
-1.6%
Active; unclassifiedActive in 25% of observed group sessions
WSCWillScot Holdings Corporation
Participating · 11/100
-2.5%
Active; unclassifiedActive in 0% of observed group sessions
HRIHerc Holdings Inc.
Participating · 10/100
-0.9%
Active; unclassifiedActive in 12.5% of observed group sessions
MBUUMalibu Boats, Inc.
Participating · 9/100
-2.7%
Active; unclassifiedActive in 12.5% of observed group sessions
FELEFranklin Electric Co., Inc.
Participating · 9/100
-0.9%
Active; unclassifiedActive in 25% of observed group sessions
CTOSCustom Truck One Source, Inc.
Participating · 9/100
-2.1%
Active; unclassifiedActive in 12.5% of observed group sessions
ATKRAtkore Inc.
Participating · 9/100
+0.3%
Flow divergenceActive in 12.5% of observed group sessions
GNTXGentex Corporation
Participating · 8/100
-0.7%
Flow divergenceActive in 12.5% of observed group sessions
APTVAptiv PLC
Quiet · 7/100
-2.6%
Watch / laggardActive in 0% of observed group sessions
DCHDauch Corporation
Quiet · 6/100
-4.3%
Watch / laggardActive in 0% of observed group sessions
THRMGentherm Incorporated
Quiet · 6/100
-2.1%
Watch / laggardActive in 37.5% of observed group sessions
DANDana Incorporated
Quiet · 6/100
-2.8%
Watch / laggardActive in 0% of observed group sessions
PHINPHINIA Inc.
Quiet · 5/100
-2.0%
Watch / laggardActive in 50% of observed group sessions
NXQuanex Building Products Corporation
Quiet · 5/100
-1.7%
Watch / laggardActive in 0% of observed group sessions
WTSWatts Water Technologies, Inc.
Quiet · 4/100
-1.1%
Watch / laggardActive in 0% of observed group sessions
View exact member values
TICKERCompanyRole nowTodayObserved historyTrader interpretation
WSWorthington Steel, Inc.Most unusual-3.4%37.5% of 8 sessionsMost unusual activity in this snapshot; performance direction may differ.
PIIPolaris Inc.Participating-3.4%12.5% of 8 sessionsPrice participation is not yet confirmed by per-name flow.
RRyder System, Inc.Participating-1.1%75% of 8 sessionsPrice participation with accumulating signed flow.
GRCThe Gorman-Rupp CompanyParticipating-0.7%25% of 8 sessionsPrice participation is not yet confirmed by per-name flow.
RYZRyerson Holding CorporationParticipating-1.1%50% of 8 sessionsPrice participation is not yet confirmed by per-name flow.
VCVisteon CorporationParticipating-0.8%12.5% of 8 sessionsPrice participation with distributing signed flow.
MWAMueller Water Products, Inc.Participating+1.0%0% of 8 sessionsPrice participation is not yet confirmed by per-name flow.
NOVTNovanta Inc.Participating-2.4%0% of 8 sessionsPrice participation is not yet confirmed by per-name flow.
LEALear CorporationParticipating-1.6%25% of 8 sessionsPrice participation is not yet confirmed by per-name flow.
WSCWillScot Holdings CorporationParticipating-2.5%0% of 8 sessionsPrice participation is not yet confirmed by per-name flow.
HRIHerc Holdings Inc.Participating-0.9%12.5% of 8 sessionsPrice participation is not yet confirmed by per-name flow.
MBUUMalibu Boats, Inc.Participating-2.7%12.5% of 8 sessionsPrice participation is not yet confirmed by per-name flow.
FELEFranklin Electric Co., Inc.Participating-0.9%25% of 8 sessionsPrice participation is not yet confirmed by per-name flow.
CTOSCustom Truck One Source, Inc.Participating-2.1%12.5% of 8 sessionsPrice participation is not yet confirmed by per-name flow.
ATKRAtkore Inc.Participating+0.3%12.5% of 8 sessionsPrice participation with distributing signed flow.
GNTXGentex CorporationParticipating-0.7%12.5% of 8 sessionsPrice participation with distributing signed flow.
APTVAptiv PLCQuiet / lagging-2.6%0% of 8 sessionsNot participating yet; a breadth test or a genuine divergence.
DCHDauch CorporationQuiet / lagging-4.3%0% of 8 sessionsNot participating yet; a breadth test or a genuine divergence.
THRMGentherm IncorporatedQuiet / lagging-2.1%37.5% of 8 sessionsNot participating yet; a breadth test or a genuine divergence.
DANDana IncorporatedQuiet / lagging-2.8%0% of 8 sessionsNot participating yet; a breadth test or a genuine divergence.
PHINPHINIA Inc.Quiet / lagging-2.0%50% of 8 sessionsNot participating yet; a breadth test or a genuine divergence.
NXQuanex Building Products CorporationQuiet / lagging-1.7%0% of 8 sessionsNot participating yet; a breadth test or a genuine divergence.
WTSWatts Water Technologies, Inc.Quiet / lagging-1.1%0% of 8 sessionsNot participating yet; a breadth test or a genuine divergence.

04 · HAS THIS HAPPENED BEFORE

Identity history versus measured outcomes

Structural recurrence is not the same as a validated trading outcome
POINT-IN-TIME LIVE OUTCOMES

Live outcome ledger collecting

0/0 events completed

No completed point-in-time outcome is available yet. New live confirmations are now retained with their exact observation timestamp; statistics appear only after the corresponding candles complete.

Only point-in-time live watcher observations and conservative same-day EOD observations are included. Later backfills and replay runs are excluded.
Low structural sample

Only 2 completed episodes across 8 active sessions; treat history as context, not a validated playbook. These episode counts describe recurrence; the outcome ledger above is the only forward-performance evidence.

Structural support10 daysHow often the cohort identity was observed
Completed episodes2Separate periods of broad group activity
Active sessions8Completed session observations, not trades
2026-07-07 → 2026-07-104 active sessions7.7% composition consistency through the episode
2026-06-26 → 2026-07-024 active sessionsNo name was active through every recorded session
MEMBER CONSISTENCY IN OBSERVED ACTIVE SESSIONS
R75% · 2 episodes
PHIN50% · 2 episodes
RYZ50% · 2 episodes
THRM37.5% · 2 episodes
WS37.5% · 2 episodes
FELE25% · 1 episode
GRC25% · 1 episode
LEA25% · 2 episodes
ATKR12.5% · 1 episode
CTOS12.5% · 1 episode
GNTX12.5% · 1 episode
HRI12.5% · 1 episode
MBUU12.5% · 1 episode
PII12.5% · 1 episode
VC12.5% · 1 episode
APTV0% · 0 episodes
DAN0% · 0 episodes
DCH0% · 0 episodes
MWA0% · 0 episodes
NOVT0% · 0 episodes
NX0% · 0 episodes
WSC0% · 0 episodes
WTS0% · 0 episodes