Themes / Group
Inactive · established relationshipLatest completed snapshot · Aug 21 · 16:11 ET

MARKET-DISCOVERED GROUP

Industrial Automation

THE TRADER READRecurring relationship, inactive in the latest snapshot

6 of 12 measured session-normalized paths align to the upside across 4.7 effective names. Common-bar coverage spans 12 of 17 cohort members. SWK is also moving with filing-linked members. Capital-flow agreement is 1%, so the basket is not yet clean. No verified headline preceded the measured move.

Price breadth13 up · 3 down+0.3% session-normalized median path
Capital-flow alignment1%Price breadth is not yet confirmed by flow
Activity nowCalmActivity score 23/100 · lift 0.8×
Evidence depth4 episodesLow sample—context, not a validated playbook
EVIDENCE CLOCK

What happened, in timestamp order

4 timed events · 15:35–15:55 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.
  1. 5-minute inferenceCXT registered the first material upside path

    +0.85% session path at the threshold · CXT

  2. 5-minute inferenceCRS registered a material upside path

    +0.36% session path at the threshold · CRS

  3. 5-minute inferenceITT registered a material downside path

    -0.40% session path at the threshold · ITT

  4. 5-minute inferenceHXL registered a material upside path

    +0.42% session path at the threshold · HXL

2 earlier filing context receipts

WED, OCT 29AME filing documented shared operating contextdemand / volume affecting revenue · date precision only

THU, JUL 30CR 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?

Session-normalized 5m paths

Observed movement is balanced across 4.7 effective names. FTAI represents 38.9% of absolute path energy; 6 of 12 members align with the up relative path.

ConstructionBalanced38.9% from the largest path
Effective names4.7 / 1212 of 17 cohort members had common bars
Direction breadth6/12 alignedupside relative path · 3 counter-moving
Largest moverFTAI 38.9%54.1% from the top two paths
FTAI38.9%Dominant mover · path +6.19% · basket +0.52pp
CXT15.2%Aligned contributor · path +2.42% · basket +0.20pp
APG12.8%Counter-move · path -2.05% · basket -0.17pp
FLS10.8%Aligned contributor · path +1.73% · basket +0.14pp
CRS7.3%Aligned contributor · path +1.16% · basket +0.10pp
FSS4.3%Aligned contributor · path +0.69% · basket +0.06pp
GVA3.1%Aligned contributor · path +0.49% · basket +0.04pp
ATI2.7%Counter-move · path -0.43% · basket -0.04pp
ITT2.6%Counter-move · path -0.42% · basket -0.04pp
CR1.2%Flat / inactive path · path +0.19% · basket +0.02pp
AME0.6%Flat / inactive path · path +0.10% · basket +0.01pp
HXL0.4%Flat / inactive path · path +0.06% · basket +0.01pp
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. CXT moved higher firstFirst member to clear the material path threshold · path +0.85%
  2. CRS registered a material higher path0m after the first price move · path +0.36%
  3. ITT registered a material lower path0m after the first price move · path -0.40%
  4. HXL registered a material higher path0m after the first price move · path +0.42%
  5. FTAI registered a material higher path1435m after the first price move · path +6.60%
  6. APG registered a material lower path1435m after the first price move · path -1.55%

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

RELATIVE CO-MOVEMENT

How the members are behaving together

Session-normalized
Aug 20 · 15:35 ETMove visible 15:50 ETAug 21 · 15:55 ET
Group median +0.34%Strongest relative path FTAIWeakest relative path APG

Observed member paths normalized to the session. 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 NOW

Verified recent context

0 items

No verified recent catalyst is attached to this move. The relationship may be market-led rather than news-led.

WHY THIS GROUP EXISTS

Shared filing context

17/17 members covered

Moderate filing support: the strongest shared 10-Q/K outlook is operating setup (near-term outlook) across APG, ATI, CR, CRS, CXT, FLS, FSS, FTAI, HXL, PH, WTS, WWD.

demand / volume affecting revenue

“Cost of sales increased by $54.2 million, or 35.6%, to $206.5 million in 2026, primarily reflecting the impact of the Druck acquisition of $31.6 million, or 20.7%, unfavorable mix of $15.2 million or 10.0%, increased material, labor and other manufacturing costs of $13.9 million, or 9.1%, higher volumes of $5.7 million, or 3.7%, partially offset by the favorable impact of tariff refunds of $5.5 million, or 3.6%, strong productivity gains of $5.9 million, or 3.9%, and cost savings of $1.0 million, or 0.7%.”

CR 10-Q · 2026-07-31
credit / rates affecting interest expense

“INTEREST AND MISCELLANEOUS INCOME, NET (in millions) For the year ended December 31, 2025 2024 2023 Interest income $ 11.2 $ 5.5 $ 5.1 Interest expense $ (11.3) $ (27.2) $ (22.7) Miscellaneous income, net $ 8.7 $ 4.4 $ 0.3 2025 compared to 2024 Interest expense decreased by $15.9 million, or 58.5%, resulting from the repayment of the 2023 Term facility during 2025.”

CR 10-K · 2026-02-26
demand / volume

“The increase primarily reflected higher productivity gains and cost savings of $21.4 million, or 20.8%, strong net price of $16.4 million, or 15.9%, impact from tariff refunds of $18.7 million, or 18.2%, and favorable contributions from acquisitions of $1.3 million, or 1.3%, partially offset by unfavorable mix of $15.5 million, or 15.1% and lower volumes of $1.3 million, or 1.3%.”

CR 10-Q · 2026-07-31
CONFIRMATION NETWORK

Outsiders and cross-asset links

1 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.

SWKMoving with group

CR · text peer

HWMNot confirming

ATI · text peer

ESENot confirming

CRS · text peer

AEISNot confirming

CR · text peer

03 · WHO IS IN IT

Member participation

Unusual activity and daily price direction are shown separately
CRITTAPGRBCCRSAMEHXLPHWTSATIMOG-AFTAIFLSCXTFSSGVAWWD

8/17 active13 rising · 4 falling

MemberUnusual activityToday's moveRead now
CRCrane Company
Most unusual · 100/100
+0.8%
Active; unclassifiedActive in 50% of observed group sessions
ITTITT Inc.
Elevated · 77/100
-0.0%
Counter-move / dispersionActive in 18.8% of observed group sessions
APGAPi Group Corporation
Elevated · 65/100
-1.9%
Counter-move / dispersionActive in 37.5% of observed group sessions
RBCRBC Bearings Incorporated
Elevated · 60/100
+0.2%
Flow divergenceActive in 31.2% of observed group sessions
CRSCarpenter Technology Corporatio
Elevated · 56/100
+0.8%
Aligned price + flowActive in 6.2% of observed group sessions
AMEAMETEK, Inc.
Elevated · 46/100
+0.2%
Active; unclassifiedActive in 43.8% of observed group sessions
HXLHexcel Corporation
Elevated · 46/100
-0.4%
Active; unclassifiedActive in 25% of observed group sessions
PHParker-Hannifin Corporation
Elevated · 44/100
+0.1%
Flow confirmerActive in 18.8% of observed group sessions
WTSWatts Water Technologies, Inc.
Quiet · 36/100
+1.6%
Watch / laggardActive in 6.2% of observed group sessions
ATIATI Inc.
Quiet · 35/100
-1.1%
Watch / laggardActive in 12.5% of observed group sessions
MOG-AMoog Inc.
Quiet · 31/100
+1.9%
Watch / laggardActive in 62.5% of observed group sessions
FTAIFTAI Aviation Ltd.
Quiet · 30/100
+6.0%
Watch / laggardActive in 0% of observed group sessions
FLSFlowserve Corporation
Quiet · 30/100
+1.7%
Watch / laggardActive in 0% of observed group sessions
CXTCrane NXT, Co.
Quiet · 29/100
+1.6%
Watch / laggardActive in 12.5% of observed group sessions
FSSFederal Signal Corporation
Quiet · 21/100
+0.7%
Watch / laggardActive in 25% of observed group sessions
GVAGranite Construction Incorporated
Quiet · 16/100
+0.7%
Watch / laggardActive in 18.8% of observed group sessions
WWDWoodward, Inc.
Quiet · 15/100
+0.3%
Watch / laggardActive in 0% of observed group sessions
View exact member values
TICKERCompanyRole nowTodayObserved historyTrader interpretation
CRCrane CompanyMost unusual+0.8%50% of 16 sessionsMost unusual activity in this snapshot; performance direction may differ.
ITTITT Inc.Participating-0.0%18.8% of 16 sessionsPrice participation is not yet confirmed by per-name flow.
APGAPi Group CorporationParticipating-1.9%37.5% of 16 sessionsPrice participation is not yet confirmed by per-name flow.
RBCRBC Bearings IncorporatedParticipating+0.2%31.2% of 16 sessionsPrice participation with distributing signed flow.
CRSCarpenter Technology CorporatioParticipating+0.8%6.2% of 16 sessionsPrice participation with distributing signed flow.
AMEAMETEK, Inc.Participating+0.2%43.8% of 16 sessionsPrice participation is not yet confirmed by per-name flow.
HXLHexcel CorporationParticipating-0.4%25% of 16 sessionsPrice participation is not yet confirmed by per-name flow.
PHParker-Hannifin CorporationParticipating+0.1%18.8% of 16 sessionsPrice participation with accumulating signed flow.
WTSWatts Water Technologies, Inc.Quiet / lagging+1.6%6.2% of 16 sessionsNot participating yet; a breadth test or a genuine divergence.
ATIATI Inc.Quiet / lagging-1.1%12.5% of 16 sessionsNot participating yet; a breadth test or a genuine divergence.
MOG-AMoog Inc.Quiet / lagging+1.9%62.5% of 16 sessionsNot participating yet; a breadth test or a genuine divergence.
FTAIFTAI Aviation Ltd.Quiet / lagging+6.0%0% of 16 sessionsNot participating yet; a breadth test or a genuine divergence.
FLSFlowserve CorporationQuiet / lagging+1.7%0% of 16 sessionsNot participating yet; a breadth test or a genuine divergence.
CXTCrane NXT, Co.Quiet / lagging+1.6%12.5% of 16 sessionsNot participating yet; a breadth test or a genuine divergence.
FSSFederal Signal CorporationQuiet / lagging+0.7%25% of 16 sessionsNot participating yet; a breadth test or a genuine divergence.
GVAGranite Construction IncorporatedQuiet / lagging+0.7%18.8% of 16 sessionsNot participating yet; a breadth test or a genuine divergence.
WWDWoodward, Inc.Quiet / lagging+0.3%0% of 16 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

Observed follow-through

5/5 events completed
30 minutes+0.13%75% continuation · n=4Median MFE +1.13% · MAE -0.36%
60 minutes+0.24%75% continuation · n=4Median MFE +1.13% · MAE -0.36%
Session close+0.18%100% continuation · n=4Median MFE +1.13% · MAE -0.36%
Next-session close+1.03%75% continuation · n=4Median MFE +1.13% · MAE -0.36%
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 4 completed episodes across 16 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 support25 daysHow often the cohort identity was observed
Completed episodes4Separate periods of broad group activity
Active sessions16Completed session observations, not trades
2026-08-18 → 2026-08-203 active sessions9.1% composition consistency through the episode
2026-07-28 → 2026-08-1311 active sessionsNo name was active through every recorded session
2026-07-211 active session100% composition consistency through the episode
2026-07-161 active session100% composition consistency through the episode
MEMBER CONSISTENCY IN OBSERVED ACTIVE SESSIONS
MOG-A62.5% · 4 episodes
CR50% · 4 episodes
AME43.8% · 2 episodes
APG37.5% · 3 episodes
RBC31.2% · 2 episodes
FSS25% · 3 episodes
HXL25% · 2 episodes
GVA18.8% · 2 episodes
ITT18.8% · 1 episode
PH18.8% · 2 episodes
ATI12.5% · 1 episode
CXT12.5% · 1 episode
CRS6.2% · 1 episode
WTS6.2% · 1 episode
FLS0% · 0 episodes
FTAI0% · 0 episodes
WWD0% · 0 episodes