Themes / Group
Inactive · established relationshipLatest completed snapshot · Aug 19 · 18:05 ET

MARKET-DISCOVERED GROUP

Rental & Leasing Services

THE TRADER READRecurring relationship, inactive in the latest snapshot

0 of 12 measured SPY-adjusted paths align to the mixed across 4.6 effective names. Common-bar coverage spans 12 of 20 cohort members. AMRZ, XPEL are also moving with filing-linked members. Capital-flow agreement is 6%, so the basket is not yet clean. No verified headline preceded the measured move.

Price breadth4 up · 14 down-0.0% median path versus SPY
Capital-flow alignment6%Price breadth is not yet confirmed by flow
Activity nowCalmActivity score 11/100 · lift 0.8×
Evidence depth4 episodesLow sample—context, not a validated playbook
EVIDENCE CLOCK

What happened, in timestamp order

4 timed events · 10:20–15:55 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 inferenceESAB registered the first material upside path

    +0.53% session path at the threshold · ESAB

  2. 5-minute inferenceMMM registered a material downside path

    -0.36% session path at the threshold · MMM

  3. 5-minute inferenceALH registered a material downside path

    -0.62% session path at the threshold · ALH

  4. 5-minute inferenceIP registered a material upside path

    +0.55% session path at the threshold · IP

2 earlier filing context receipts

TUE, AUG 4OC filing documented shared operating contextinput costs affecting expense · date precision only

WED, AUG 12ALH filing documented shared operating contextinput costs affecting 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 balanced across 4.6 effective names. OC represents 38.7% of absolute path energy; 0 of 12 members align without a clean common direction.

ConstructionBalanced38.7% from the largest path
Effective names4.6 / 1212 of 20 cohort members had common bars
Direction breadthMixedmixed relative path · 0 counter-moving
Largest moverOC 38.7%55.2% from the top two paths
OC38.7%Dominant mover · path -2.09% · basket -0.17pp
CRH16.5%Independent direction · path +0.89% · basket +0.07pp
AXTA13.4%Independent direction · path +0.72% · basket +0.06pp
JHX12.2%Independent direction · path -0.66% · basket -0.06pp
ESAB6.6%Independent direction · path +0.36% · basket +0.03pp
HON4.2%Independent direction · path -0.23% · basket -0.02pp
PPG2.6%Independent direction · path +0.14% · basket +0.01pp
MMM2.3%Independent direction · path -0.12% · basket -0.01pp
ALH1.7%Flat / inactive path · path -0.09% · basket -0.01pp
HAYW1.3%Flat / inactive path · path -0.07% · basket -0.01pp
IP0.6%Flat / inactive path · path +0.03% · basket +0.00pp
MHK0.1%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. ESAB moved higher firstFirst member to clear the material path threshold · path +0.53%
  2. MMM registered a material lower path0m after the first price move · path -0.36%
  3. ALH registered a material lower path0m after the first price move · path -0.62%
  4. IP registered a material higher path10m after the first price move · path +0.55%
  5. PPG registered a material higher path15m after the first price move · path +0.38%
  6. JHX registered a material lower path35m after the first price move · path -0.58%

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 29 · 10:20 ETMove visible 12:50 ETSep 29 · 15:55 ET
Group median -0.04%Strongest relative path CRHWeakest relative path OC

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

19/20 members covered

Moderate filing support: the strongest shared 10-Q/K outlook is operating setup (near-term outlook) across ALH, AXTA, CRH, ESAB, HON, IP, MHK, OC, PPG, SGI, SN, SW, TOL, WMS.

input costs affecting expense

“The decrease was primarily driven by higher delivery costs of $23 million and input cost inflation of $19 million, partially offset by favorable mix and lower manufacturing costs of $11 million.”

OC 10-Q · 2026-08-05
demand / volume

“Lower volumes of approximately 7% were partially offset by higher selling prices of $129 million.”

OC 10-K · 2026-02-25
credit / rates affecting interest expense

“As a result of the borrowing, the Company incurred approximately $ 16 million of financing fees which were amortized to Interest expense, net on the Consolidated Statements of Earnings.”

OC 10-K · 2026-02-25
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.

AMRZMoving with group

CRH · text peer

XPELMoving with group

AXTA · text peer

SHWNot confirming

PPG · text peer

GPKNot confirming

SW · text peer

03 · WHO IS IN IT

Member participation

Unusual activity and daily price direction are shown separately
OCALHESABCRHTTAMHONTREXPPGMMMMHKJHXSGIWMSAXTAHAYWTOLQXOSNSWIP

6/20 active4 rising · 15 falling

MemberUnusual activityToday's moveRead now
OCOwens Corning
Most unusual · 100/100
-2.9%
Dominant path moverActive in 15.4% of observed group sessions
ALHAlliance Laundry Holdings Inc.
Elevated · 66/100
-0.5%
Active; unclassifiedActive in 7.7% of observed group sessions
ESABESAB Corporation
Elevated · 60/100
+0.5%
First material pathActive in 15.4% of observed group sessions
CRHCRH plc
Elevated · 51/100
+1.0%
Flow divergenceActive in 0% of observed group sessions
TTAMTitan America SA
Elevated · 45/100
—
Active; unclassifiedActive in 15.4% of observed group sessions
HONHoneywell International Inc.
Elevated · 43/100
-0.7%
Flow divergenceActive in 7.7% of observed group sessions
TREXTrex Company, Inc.
Quiet · 41/100
-0.8%
Watch / laggardActive in 7.7% of observed group sessions
PPGPPG Industries, Inc.
Quiet · 40/100
-0.9%
Watch / laggardActive in 0% of observed group sessions
MMM3M Company
Quiet · 39/100
-0.7%
Watch / laggardActive in 0% of observed group sessions
MHKMohawk Industries, Inc.
Quiet · 39/100
+0.3%
Watch / laggardActive in 0% of observed group sessions
JHXJames Hardie Industries plc
Quiet · 35/100
-1.2%
Watch / laggardActive in 0% of observed group sessions
SGISomnigroup International Inc.
Quiet · 35/100
-0.0%
Watch / laggardActive in 0% of observed group sessions
WMSAdvanced Drainage Systems, Inc.
Quiet · 34/100
-1.7%
Watch / laggardActive in 30.8% of observed group sessions
AXTAAxalta Coating Systems Ltd.
Quiet · 32/100
-0.1%
Watch / laggardActive in 0% of observed group sessions
HAYWHayward Holdings, Inc.
Quiet · 30/100
-1.4%
Watch / laggardActive in 0% of observed group sessions
TOLToll Brothers, Inc.
Quiet · 30/100
-0.5%
Watch / laggardActive in 30.8% of observed group sessions
QXOQXO, Inc.
Quiet · 30/100
-4.2%
Watch / laggardActive in 7.7% of observed group sessions
SNSharkNinja, Inc.
Quiet · 29/100
+0.2%
Watch / laggardActive in 0% of observed group sessions
SWSmurfit Westrock Plc
Quiet · 28/100
-1.6%
Watch / laggardActive in 0% of observed group sessions
IPInternational Paper Company
Quiet · 23/100
-2.0%
Watch / laggardActive in 0% of observed group sessions
View exact member values
TICKERCompanyRole nowTodayObserved historyTrader interpretation
OCOwens CorningMost unusual-2.9%15.4% of 13 sessionsMost unusual activity in this snapshot; performance direction may differ.
ALHAlliance Laundry Holdings Inc.Participating-0.5%7.7% of 13 sessionsPrice participation is not yet confirmed by per-name flow.
ESABESAB CorporationParticipating+0.5%15.4% of 13 sessionsPrice participation is not yet confirmed by per-name flow.
CRHCRH plcParticipating+1.0%0% of 13 sessionsPrice participation with distributing signed flow.
TTAMTitan America SAParticipating—15.4% of 13 sessionsPrice participation is not yet confirmed by per-name flow.
HONHoneywell International Inc.Participating-0.7%7.7% of 13 sessionsPrice participation with distributing signed flow.
TREXTrex Company, Inc.Quiet / lagging-0.8%7.7% of 13 sessionsNot participating yet; a breadth test or a genuine divergence.
PPGPPG Industries, Inc.Quiet / lagging-0.9%0% of 13 sessionsNot participating yet; a breadth test or a genuine divergence.
MMM3M CompanyQuiet / lagging-0.7%0% of 13 sessionsNot participating yet; a breadth test or a genuine divergence.
MHKMohawk Industries, Inc.Quiet / lagging+0.3%0% of 13 sessionsNot participating yet; a breadth test or a genuine divergence.
JHXJames Hardie Industries plcQuiet / lagging-1.2%0% of 13 sessionsNot participating yet; a breadth test or a genuine divergence.
SGISomnigroup International Inc.Quiet / lagging-0.0%0% of 13 sessionsNot participating yet; a breadth test or a genuine divergence.
WMSAdvanced Drainage Systems, Inc.Quiet / lagging-1.7%30.8% of 13 sessionsNot participating yet; a breadth test or a genuine divergence.
AXTAAxalta Coating Systems Ltd.Quiet / lagging-0.1%0% of 13 sessionsNot participating yet; a breadth test or a genuine divergence.
HAYWHayward Holdings, Inc.Quiet / lagging-1.4%0% of 13 sessionsNot participating yet; a breadth test or a genuine divergence.
TOLToll Brothers, Inc.Quiet / lagging-0.5%30.8% of 13 sessionsNot participating yet; a breadth test or a genuine divergence.
QXOQXO, Inc.Quiet / lagging-4.2%7.7% of 13 sessionsNot participating yet; a breadth test or a genuine divergence.
SNSharkNinja, Inc.Quiet / lagging+0.2%0% of 13 sessionsNot participating yet; a breadth test or a genuine divergence.
SWSmurfit Westrock PlcQuiet / lagging-1.6%0% of 13 sessionsNot participating yet; a breadth test or a genuine divergence.
IPInternational Paper CompanyQuiet / lagging-2.0%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

Early observed follow-through

2/2 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 4 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 support18 daysHow often the cohort identity was observed
Completed episodes4Separate periods of broad group activity
Active sessions13Completed session observations, not trades
2026-08-10 → 2026-08-133 active sessions10% composition consistency through the episode
2026-08-03 → 2026-08-052 active sessionsNo name was active through every recorded session
2026-07-27 → 2026-07-282 active sessions11.1% composition consistency through the episode
2026-07-15 → 2026-07-226 active sessionsNo name was active through every recorded session
MEMBER CONSISTENCY IN OBSERVED ACTIVE SESSIONS
TOL30.8% · 3 episodes
WMS30.8% · 2 episodes
ESAB15.4% · 1 episode
OC15.4% · 2 episodes
TTAM15.4% · 1 episode
ALH7.7% · 1 episode
HON7.7% · 1 episode
QXO7.7% · 1 episode
TREX7.7% · 1 episode
AXTA0% · 0 episodes
CRH0% · 0 episodes
HAYW0% · 0 episodes
IP0% · 0 episodes
JHX0% · 0 episodes
MHK0% · 0 episodes
MMM0% · 0 episodes
PPG0% · 0 episodes
SGI0% · 0 episodes
SN0% · 0 episodes
SW0% · 0 episodes