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

MARKET-DISCOVERED GROUP

Consumer Health & Leisure

THE TRADER READRecurring relationship, inactive in the latest snapshot

0 of 12 measured SPY-adjusted paths align to the mixed across 6.4 effective names. Common-bar coverage spans 12 of 24 cohort members. Capital-flow agreement is 26%, so the basket is not yet clean. No verified headline preceded the measured move.

Price breadth18 up · 6 down+0.1% median path versus SPY
Capital-flow alignment26%Price breadth is not yet confirmed by flow
Activity nowCalmActivity score 19/100 · lift 0.8×
Evidence depth2 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 inferenceALGN registered the first material upside path

    +0.79% session path at the threshold · ALGN

  2. 5-minute inferenceASO registered a material upside path

    +0.70% session path at the threshold · ASO

  3. 5-minute inferenceAPTV registered a material downside path

    -0.41% session path at the threshold · APTV

  4. 5-minute inferenceBIRK registered a material upside path

    +0.53% session path at the threshold · BIRK

2 earlier filing context receipts

THU, FEB 12CACC filing documented shared operating contextcredit / rates affecting interest expense · date precision only

THU, FEB 26ALGN 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 6.4 effective names. ALGN represents 27.6% of absolute path energy; 0 of 12 members align without a clean common direction.

ConstructionBroad27.6% from the largest path
Effective names6.4 / 1212 of 24 cohort members had common bars
Direction breadthMixedmixed relative path · 0 counter-moving
Largest moverALGN 27.6%43.1% from the top two paths
ALGN27.6%Dominant mover · path +1.03% · basket +0.09pp
ASO15.5%Independent direction · path +0.58% · basket +0.05pp
DKS15.5%Independent direction · path +0.57% · basket +0.05pp
APTV10.5%Independent direction · path -0.39% · basket -0.03pp
BIRK9.4%Independent direction · path +0.35% · basket +0.03pp
EYE8.3%Independent direction · path +0.31% · basket +0.03pp
BBWI6.4%Independent direction · path +0.24% · basket +0.02pp
ASH4.2%Independent direction · path -0.16% · basket -0.01pp
CACC1.2%Flat / inactive path · path +0.04% · basket +0.00pp
CPRI0.7%Flat / inactive path · path -0.03% · basket -0.00pp
HHH0.6%Flat / inactive path · path +0.02% · basket +0.00pp
BRSL0.0%Flat / inactive path · path +0.00% · 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. ALGN moved higher firstFirst member to clear the material path threshold · path +0.79%
  2. ASO registered a material higher path0m after the first price move · path +0.70%
  3. APTV registered a material lower path0m after the first price move · path -0.41%
  4. BIRK registered a material higher path0m after the first price move · path +0.53%
  5. EYE registered a material higher path0m after the first price move · path +0.95%
  6. DKS registered a material higher path5m after the first price move · path +0.57%

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 · 15:35 ET15:50 ETAug 21 · 15:55 ET
Group median +0.14%Strongest relative path ALGNWeakest relative path APTV

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

25/29 members covered

Moderate filing support: the strongest shared 10-Q/K outlook is operating setup (near-term outlook) across ALGN, ASH, BBWI, CPRI, DKS, EYE, HHH, ICUI, JBTM, LTH, RH, RITM, SIG, ULTA, VAC, VFC.

credit / rates affecting interest expense

“The decrease in consolidated net income was primarily due to increases in interest expense and provision for credit losses, partially offset by an increase in finance charges.”

CACC 10-K · 2026-02-13
restructuring

“These decreases were partially offset by lower Cost of net revenues, excluding the impairment loss, from operational efficiencies.”

ALGN 10-K · 2026-02-27
credit / rates

“Borrowings under our revolving secured line of credit facility, including any letters of credit issued under the facility, are subject to a borrowing-base limitation.”

CACC 10-K · 2026-02-13
CONFIRMATION NETWORK

Outsiders and cross-asset links

0 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.

VSXYRelationship only · live confirmation unavailable

WSM · text peer

GIIINot confirming

CPRI · text peer

LULUNot confirming

VFC · text peer

GOLFNot confirming

CPRI · text peer

03 · WHO IS IN IT

Member participation

Unusual activity and daily price direction are shown separately
CACCRITMASOSIGAPTVBRSLHHHALGNYETIJBTMDKSBBWIVACULTAWSMVFCHMCSOLVLTHCPRIRHICUINVSTLIVN

14/29 active18 rising · 6 falling

MemberUnusual activityToday's moveRead now
CACCCredit Acceptance Corporation
Most unusual · 100/100
+2.4%
Active; unclassifiedActive in 15.4% of observed group sessions
RITMRithm Capital Corp.
Elevated · 97/100
+0.2%
Active; unclassifiedActive in 0% of observed group sessions
ASOAcademy Sports and Outdoors, Inc.
Elevated · 95/100
+0.5%
Active; unclassifiedActive in 0% of observed group sessions
SIGSignet Jewelers Limited
Elevated · 94/100
+0.4%
Active; unclassifiedActive in 23.1% of observed group sessions
APTVAptiv PLC
Elevated · 79/100
+2.6%
Active; unclassifiedActive in 0% of observed group sessions
BRSLBrightstar Lottery PLC
Elevated · 76/100
+4.4%
Active; unclassifiedActive in 0% of observed group sessions
HHHHoward Hughes Holdings Inc.
Elevated · 75/100
-2.1%
Active; unclassifiedActive in 7.7% of observed group sessions
ALGNAlign Technology, Inc.
Elevated · 73/100
+2.3%
Dominant path moverActive in 30.8% of observed group sessions
YETIYETI Holdings, Inc.
Elevated · 72/100
-0.5%
Active; unclassifiedActive in 7.7% of observed group sessions
JBTMJBT Marel Corporation
Elevated · 72/100
+0.7%
Flow divergenceActive in 7.7% of observed group sessions
DKSDICK'S Sporting Goods, Inc.
Elevated · 65/100
+2.1%
Flow divergenceActive in 7.7% of observed group sessions
BBWIBath & Body Works, Inc.
Elevated · 64/100
-1.0%
Active; unclassifiedActive in 0% of observed group sessions
VACMarriott Vacations Worldwide Corporation
Elevated · 60/100
+2.4%
Active; unclassifiedActive in 7.7% of observed group sessions
ULTAUlta Beauty, Inc.
Elevated · 59/100
+1.3%
Flow divergenceActive in 15.4% of observed group sessions
WSMWilliams-Sonoma, Inc.
Quiet · 58/100
+0.8%
Watch / laggardActive in 7.7% of observed group sessions
VFCV.F. Corporation
Quiet · 58/100
+3.1%
Watch / laggardActive in 0% of observed group sessions
HMCHonda Motor Company, Ltd.
Quiet · 53/100
+2.3%
Watch / laggardActive in 0% of observed group sessions
SOLVSolventum Corporation
Quiet · 50/100
+0.9%
Watch / laggardActive in 15.4% of observed group sessions
LTHLife Time Group Holdings, Inc.
Quiet · 44/100
+0.8%
Watch / laggardActive in 7.7% of observed group sessions
CPRICapri Holdings Limited
Quiet · 43/100
-0.8%
Watch / laggardActive in 0% of observed group sessions
RHRH
Quiet · 41/100
-1.9%
Watch / laggardActive in 0% of observed group sessions
ICUIICU Medical, Inc.
Quiet · 37/100
-0.2%
Watch / laggardActive in 46.2% of observed group sessions
NVSTEnvista Holdings Corporation
Quiet · 34/100
+0.9%
Watch / laggardActive in 0% of observed group sessions
LIVNLivaNova PLC
Quiet · 32/100
+0.7%
Watch / laggardActive in 15.4% of observed group sessions
View exact member values
TICKERCompanyRole nowTodayObserved historyTrader interpretation
CACCCredit Acceptance CorporationMost unusual+2.4%15.4% of 13 sessionsMost unusual activity in this snapshot; performance direction may differ.
RITMRithm Capital Corp.Participating+0.2%0% of 13 sessionsPrice participation is not yet confirmed by per-name flow.
ASOAcademy Sports and Outdoors, Inc.Participating+0.5%0% of 13 sessionsPrice participation is not yet confirmed by per-name flow.
SIGSignet Jewelers LimitedParticipating+0.4%23.1% of 13 sessionsPrice participation is not yet confirmed by per-name flow.
APTVAptiv PLCParticipating+2.6%0% of 13 sessionsPrice participation is not yet confirmed by per-name flow.
BRSLBrightstar Lottery PLCParticipating+4.4%0% of 13 sessionsPrice participation is not yet confirmed by per-name flow.
HHHHoward Hughes Holdings Inc.Participating-2.1%7.7% of 13 sessionsPrice participation is not yet confirmed by per-name flow.
ALGNAlign Technology, Inc.Participating+2.3%30.8% of 13 sessionsPrice participation is not yet confirmed by per-name flow.
YETIYETI Holdings, Inc.Participating-0.5%7.7% of 13 sessionsPrice participation is not yet confirmed by per-name flow.
JBTMJBT Marel CorporationParticipating+0.7%7.7% of 13 sessionsPrice participation with distributing signed flow.
DKSDICK'S Sporting Goods, Inc.Participating+2.1%7.7% of 13 sessionsPrice participation with distributing signed flow.
BBWIBath & Body Works, Inc.Participating-1.0%0% of 13 sessionsPrice participation is not yet confirmed by per-name flow.
VACMarriott Vacations Worldwide CorporationParticipating+2.4%7.7% of 13 sessionsPrice participation is not yet confirmed by per-name flow.
ULTAUlta Beauty, Inc.Participating+1.3%15.4% of 13 sessionsPrice participation with distributing signed flow.
WSMWilliams-Sonoma, Inc.Quiet / lagging+0.8%7.7% of 13 sessionsNot participating yet; a breadth test or a genuine divergence.
VFCV.F. CorporationQuiet / lagging+3.1%0% of 13 sessionsNot participating yet; a breadth test or a genuine divergence.
HMCHonda Motor Company, Ltd.Quiet / lagging+2.3%0% of 13 sessionsNot participating yet; a breadth test or a genuine divergence.
SOLVSolventum CorporationQuiet / lagging+0.9%15.4% of 13 sessionsNot participating yet; a breadth test or a genuine divergence.
LTHLife Time Group Holdings, Inc.Quiet / lagging+0.8%7.7% of 13 sessionsNot participating yet; a breadth test or a genuine divergence.
CPRICapri Holdings LimitedQuiet / lagging-0.8%0% of 13 sessionsNot participating yet; a breadth test or a genuine divergence.
RHRHQuiet / lagging-1.9%0% of 13 sessionsNot participating yet; a breadth test or a genuine divergence.
ICUIICU Medical, Inc.Quiet / lagging-0.2%46.2% of 13 sessionsNot participating yet; a breadth test or a genuine divergence.
NVSTEnvista Holdings CorporationQuiet / lagging+0.9%0% of 13 sessionsNot participating yet; a breadth test or a genuine divergence.
LIVNLivaNova PLCQuiet / lagging+0.7%15.4% 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

Early observed follow-through

4/4 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 13 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 support15 daysHow often the cohort identity was observed
Completed episodes2Separate periods of broad group activity
Active sessions13Completed session observations, not trades
2026-07-28 → 2026-08-2012 active sessionsNo name was active through every recorded session
2026-07-211 active session100% composition consistency through the episode
MEMBER CONSISTENCY IN OBSERVED ACTIVE SESSIONS
ICUI46.2% · 1 episode
ALGN30.8% · 1 episode
BIRK23.1% · 2 episodes
SIG23.1% · 1 episode
CACC15.4% · 1 episode
LIVN15.4% · 1 episode
SOLV15.4% · 1 episode
ULTA15.4% · 1 episode
DKS7.7% · 1 episode
EYE7.7% · 1 episode
HHH7.7% · 1 episode
JBTM7.7% · 1 episode
LTH7.7% · 1 episode
VAC7.7% · 1 episode
WSM7.7% · 1 episode
WYNN7.7% · 1 episode
YETI7.7% · 1 episode
APTV0% · 0 episodes
ASH0% · 0 episodes
ASO0% · 0 episodes
BBWI0% · 0 episodes
BRSL0% · 0 episodes
CPRI0% · 0 episodes
HMC0% · 0 episodes
NVST0% · 0 episodes
PHG0% · 0 episodes
RH0% · 0 episodes
RITM0% · 0 episodes
VFC0% · 0 episodes