Themes / Group
Active · established relationshipLatest completed snapshot · Jul 20 · 18:01 ET

MARKET-DISCOVERED GROUP

Healthcare Diagnostics

THE TRADER READShared activity without a clean directional read

6 of 10 measured SPY-adjusted paths align to the downside across 7.3 effective names. Capital-flow agreement is 10%, so the basket is not yet clean. No verified headline preceded the measured move.

Price breadth7 up · 3 down-0.2% median path versus SPY
Capital-flow alignment10%Price breadth is not yet confirmed by flow
Activity nowHotActivity score 79/100 · lift 1.3×
Evidence depth7 episodes13 observed active sessions
EVIDENCE CLOCK

What happened, in timestamp order

4 timed events · 10:50–15:55 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 inferenceCPRI registered the first material downside path

    -0.69% session path at the threshold · CPRI

  2. 5-minute inferenceBRSL registered a material upside path

    +0.94% session path at the threshold · BRSL

  3. 5-minute inferenceDECK registered a material upside path

    +0.72% session path at the threshold · DECK

  4. 5-minute inferenceCROX registered a material downside path

    -0.42% session path at the threshold · CROX

2 earlier filing context receipts

WED, NOV 5YETI filing documented shared operating contextcredit / rates affecting interest expense · date precision only

THU, FEB 12CACC filing documented shared operating contextcredit / rates affecting interest expense · 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 7.3 effective names. CPRI represents 22.7% of absolute path energy; 6 of 10 members align with the down relative path.

ConstructionBroad22.7% from the largest path
Effective names7.3 / 10Movement diversity after concentration
Direction breadth6/10 aligneddownside relative path · 4 counter-moving
Largest moverCPRI 22.7%37.7% from the top two paths
CPRI22.7%Aligned contributor · path -1.89% · basket -0.19pp
BRSL15.0%Counter-move · path +1.25% · basket +0.13pp
DECK13.1%Counter-move · path +1.09% · basket +0.11pp
CROX12.5%Aligned contributor · path -1.04% · basket -0.10pp
BROS11.0%Counter-move · path +0.91% · basket +0.09pp
ONON10.3%Aligned contributor · path -0.85% · basket -0.09pp
WYNN6.0%Aligned contributor · path -0.50% · basket -0.05pp
HGV3.7%Counter-move · path +0.31% · basket +0.03pp
YETI3.6%Aligned contributor · path -0.30% · basket -0.03pp
CACC2.1%Aligned contributor · path -0.17% · basket -0.02pp
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. CPRI moved lower firstFirst member to clear the material path threshold · path -0.69%
  2. BRSL registered a material higher path0m after the first price move · path +0.94%
  3. DECK registered a material higher path0m after the first price move · path +0.72%
  4. CROX registered a material lower path0m after the first price move · path -0.42%
  5. BROS registered a material higher path0m after the first price move · path +0.73%
  6. ONON registered a material lower path0m after the first price move · path -0.47%

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
Aug 21 · 10:50 ET15:15 ETAug 21 · 15:55 ET
Group median -0.23%Strongest relative path BRSLWeakest relative path CPRI

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 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

8/10 members covered

Moderate filing support: the strongest shared 10-Q/K outlook is operating setup (near-term outlook) across BROS, CPRI, CROX, DECK.

credit / rates affecting interest expense

“The change versus the prior year quarter was primarily due to a decrease in interest expense, partially offset by a decrease in interest income.”

YETI 10-Q · 2025-11-06
demand / volume affecting revenue

“Demand was robust in the wholesale channel as well as Amazon Marketplace and YETI retail, partially offset by a decline in Corporate Sales.”

YETI 10-Q · 2026-08-13
credit / rates

“Financing Activities The increase in cash used in financing activities during the six months ended July 4, 2026 was primarily due to higher repurchases of common stock and higher taxes paid for the net share settlement of stock-based awards, partially offset by borrowings under our Revolving Credit Facility.”

YETI 10-Q · 2026-08-13
CONFIRMATION NETWORK

Outsiders and cross-asset links

0 outsiders confirming
WMS → AGGInverse historical lead/lag · strength -0.22
WMS → EMBInverse historical lead/lag · strength -0.24

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

TPRNot confirming

CPRI · text peer

KTBNot confirming

DECK · text peer

SHOONot confirming

DECK · text peer

LULUNot confirming

DECK · text peer

03 · WHO IS IN IT

Member participation

Unusual activity and daily price direction are shown separately
YETIDECKONONWYNNCACCCROXHGVCPRIBROSBRSL

9/10 active7 rising · 3 falling

MemberUnusual activityToday's moveRead now
YETIYETI Holdings, Inc.
Most unusual · 100/100
-0.5%
Aligned path contributorActive in 15.4% of observed group sessions
DECKDeckers Outdoor Corporation
Elevated · 33/100
+3.1%
Counter-move / dispersionActive in 7.7% of observed group sessions
ONONOn Holding AG
Elevated · 29/100
+0.4%
Aligned price + flowActive in 7.7% of observed group sessions
WYNNWynn Resorts, Limited
Elevated · 26/100
+0.7%
Aligned path contributorActive in 23.1% of observed group sessions
CACCCredit Acceptance Corporation
Elevated · 21/100
+2.4%
Aligned path contributorActive in 7.7% of observed group sessions
CROXCrocs, Inc.
Elevated · 20/100
-0.8%
Aligned price + flowActive in 7.7% of observed group sessions
HGVHilton Grand Vacations Inc.
Elevated · 20/100
+0.7%
Counter-move / dispersionActive in 15.4% of observed group sessions
CPRICapri Holdings Limited
Participating · 17/100
-0.8%
Aligned price + flowActive in 7.7% of observed group sessions
BROSDutch Bros Inc.
Participating · 17/100
+1.1%
Counter-move / dispersionActive in 0% of observed group sessions
BRSLBrightstar Lottery PLC
Quiet · 14/100
+4.4%
Watch / laggardActive in 0% of observed group sessions
View exact member values
TICKERCompanyRole nowTodayObserved historyTrader interpretation
YETIYETI Holdings, Inc.Most unusual-0.5%15.4% of 13 sessionsMost unusual activity in this snapshot; performance direction may differ.
DECKDeckers Outdoor CorporationParticipating+3.1%7.7% of 13 sessionsPrice participation with accumulating signed flow.
ONONOn Holding AGParticipating+0.4%7.7% of 13 sessionsPrice participation with accumulating signed flow.
WYNNWynn Resorts, LimitedParticipating+0.7%23.1% of 13 sessionsPrice participation is not yet confirmed by per-name flow.
CACCCredit Acceptance CorporationParticipating+2.4%7.7% of 13 sessionsPrice participation is not yet confirmed by per-name flow.
CROXCrocs, Inc.Participating-0.8%7.7% of 13 sessionsPrice participation with accumulating signed flow.
HGVHilton Grand Vacations Inc.Participating+0.7%15.4% of 13 sessionsPrice participation is not yet confirmed by per-name flow.
CPRICapri Holdings LimitedParticipating-0.8%7.7% of 13 sessionsPrice participation with distributing signed flow.
BROSDutch Bros Inc.Participating+1.1%0% of 13 sessionsPrice participation with distributing signed flow.
BRSLBrightstar Lottery PLCQuiet / lagging+4.4%0% of 13 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.
moderate structural support

7 completed episodes across 13 active sessions provide moderate historical support. These episode counts describe recurrence; the outcome ledger above is the only forward-performance evidence.

Structural support44 daysHow often the cohort identity was observed
Completed episodes7Separate periods of broad group activity
Active sessions13Completed session observations, not trades
2026-07-14 → 2026-07-162 active sessions25% composition consistency through the episode
2026-07-07 → 2026-07-092 active sessionsNo name was active through every recorded session
2026-06-25 → 2026-07-013 active sessionsNo name was active through every recorded session
2026-06-051 active session100% composition consistency through the episode
2026-05-18 → 2026-05-202 active sessions25% composition consistency through the episode
2026-05-06 → 2026-05-072 active sessions11.1% composition consistency through the episode
MEMBER CONSISTENCY IN OBSERVED ACTIVE SESSIONS
WYNN23.1% · 2 episodes
HGV15.4% · 2 episodes
YETI15.4% · 1 episode
CACC7.7% · 1 episode
CPRI7.7% · 1 episode
CROX7.7% · 1 episode
DECK7.7% · 1 episode
ONON7.7% · 1 episode
BROS0% · 0 episodes
BRSL0% · 0 episodes