Themes / Group
Inactive · established relationshipLatest completed snapshot · 03:55 ET

MARKET-DISCOVERED GROUP

Construction Building Products

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

11 of 12 measured SPY-adjusted paths align to the downside across 6.6 effective names. Common-bar coverage spans 12 of 13 cohort members. PNR is also moving with filing-linked members. Capital-flow agreement is 29%, so the basket is not yet clean. No verified headline preceded the measured move.

Price breadth4 up · 9 down-0.6% median path versus SPY
Capital-flow alignment29%Price breadth is not yet confirmed by flow
Activity nowCalmActivity score 20/100 · lift 0.8×
Evidence depth14 support daysLow sample—context, not a validated playbook
EVIDENCE CLOCK

What happened, in timestamp order

4 timed events · 15:45–15:15 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 inferenceSLGN registered the first material downside path

    -0.61% session path at the threshold · SLGN

  2. 5-minute inferenceDFH registered a material downside path

    -1.79% session path at the threshold · DFH

  3. 5-minute inferenceMHK registered a material downside path

    -1.07% session path at the threshold · MHK

  4. 5-minute inferenceCSL registered a material downside path

    -1.61% session path at the threshold · CSL

2 earlier filing context receipts

TUE, FEB 24OC filing documented shared operating contextrestructuring affecting expense · date precision only

TUE, AUG 4FBIN filing documented shared operating contextrestructuring 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 broad across 6.6 effective names. DFH represents 23.3% of absolute path energy; 11 of 12 members align with the down relative path.

ConstructionBroad23.3% from the largest path
Effective names6.6 / 1212 of 13 cohort members had common bars
Direction breadth11/12 aligneddownside relative path · 0 counter-moving
Largest moverDFH 23.3%41.8% from the top two paths
DFH23.3%Aligned contributor · path -2.60% · basket -0.22pp
MHK18.5%Aligned contributor · path -2.07% · basket -0.17pp
SLGN16.9%Aligned contributor · path -1.89% · basket -0.16pp
CSL14.0%Aligned contributor · path -1.57% · basket -0.13pp
FBIN9.0%Aligned contributor · path -1.00% · basket -0.08pp
OC7.5%Aligned contributor · path -0.84% · basket -0.07pp
JHX2.4%Aligned contributor · path -0.27% · basket -0.02pp
CCEP2.3%Aligned contributor · path -0.26% · basket -0.02pp
MAS1.9%Aligned contributor · path -0.22% · basket -0.02pp
PPG1.7%Aligned contributor · path -0.19% · basket -0.02pp
RPM1.6%Aligned contributor · path -0.18% · basket -0.01pp
GFF0.8%Flat / inactive path · path -0.09% · 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. SLGN moved lower firstFirst member to clear the material path threshold · path -0.61%
  2. DFH registered a material lower path1120m after the first price move · path -1.79%
  3. MHK registered a material lower path1120m after the first price move · path -1.07%
  4. CSL registered a material lower path1120m after the first price move · path -1.61%
  5. CCEP registered a material lower path1120m after the first price move · path -0.38%
  6. PPG registered a material lower path1120m after the first price move · path -0.77%

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 17 · 15:45 ETMove visible 10:35 ETSep 18 · 15:15 ET
Group median -0.55%Strongest relative path GFFWeakest relative path DFH

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

11/13 members covered

Moderate filing support: the strongest shared 10-Q/K outlook is operating setup (near-term outlook) across DFH, FBIN, GFF, MHK, OC, PPG, RPM.

restructuring affecting expense

“The decrease was primarily driven by lower acquisition-related, strategic review-related and restructuring costs and higher gains on sale of certain precious metals.”

OC 10-K · 2026-02-25
demand / volume affecting revenue

“For the second quarter, the increase was primarily driven by higher volumes in the Insulation segment and the favorable impact from translating sales denominated in foreign currencies into United States dollars, which was mostly offset by the unfavorable impact of divestitures in the Insulation and Doors segments.”

OC 10-Q · 2026-08-05
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
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.

PNRMoving with group

FBIN · text peer

SHWNot confirming

PPG · text peer

MBCNot confirming

FBIN · text peer

AWINot confirming

MHK · text peer

03 · WHO IS IN IT

Member participation

Unusual activity and daily price direction are shown separately
PPGRPMMHKJHXCCEPFBINOCGFFCSLSLGNMASDFHUL

8/13 active4 rising · 9 falling

MemberUnusual activityToday's moveRead now
PPGPPG Industries, Inc.
Elevated · 100/100
+0.5%
Aligned path contributorActive in 0% of observed group sessions
RPMRPM International Inc.
Elevated · 79/100
-0.7%
Aligned path contributorActive in 0% of observed group sessions
MHKMohawk Industries, Inc.
Elevated · 77/100
+0.5%
Aligned path contributorActive in 0% of observed group sessions
JHXJames Hardie Industries plc
Elevated · 77/100
-3.6%
Aligned price + flowActive in 0% of observed group sessions
CCEPCoca-Cola Europacific Partners PLC
Elevated · 71/100
-2.1%
Aligned path contributorActive in 0% of observed group sessions
FBINFortune Brands Innovations, Inc.
Elevated · 68/100
+0.5%
Aligned price + flowActive in 0% of observed group sessions
OCOwens Corning
Most unusual · 67/100
-1.7%
Aligned path contributorActive in 0% of observed group sessions
GFFGriffon Corporation
Elevated · 60/100
-0.4%
Active; unclassifiedActive in 0% of observed group sessions
CSLCarlisle Companies Incorporated
Elevated · 53/100
+1.0%
Aligned price + flowActive in 0% of observed group sessions
SLGNSilgan Holdings Inc.
Elevated · 47/100
-1.5%
Aligned path contributorActive in 0% of observed group sessions
MASMasco Corporation
Quiet · 42/100
-0.1%
Watch / laggardActive in 0% of observed group sessions
DFHDream Finders Homes, Inc.
Quiet · 38/100
-2.1%
Watch / laggardActive in 0% of observed group sessions
ULUnilever PLC
Quiet · 29/100
-0.3%
Watch / laggardActive in 0% of observed group sessions
View exact member values
TICKERCompanyRole nowTodayObserved historyTrader interpretation
PPGPPG Industries, Inc.Participating+0.5%0% of 0 sessionsPrice participation is not yet confirmed by per-name flow.
RPMRPM International Inc.Participating-0.7%0% of 0 sessionsPrice participation is not yet confirmed by per-name flow.
MHKMohawk Industries, Inc.Participating+0.5%0% of 0 sessionsPrice participation is not yet confirmed by per-name flow.
JHXJames Hardie Industries plcParticipating-3.6%0% of 0 sessionsPrice participation with distributing signed flow.
CCEPCoca-Cola Europacific Partners PLCParticipating-2.1%0% of 0 sessionsPrice participation is not yet confirmed by per-name flow.
FBINFortune Brands Innovations, Inc.Participating+0.5%0% of 0 sessionsPrice participation with distributing signed flow.
OCOwens CorningMost unusual-1.7%0% of 0 sessionsMost unusual activity in this snapshot; performance direction may differ.
GFFGriffon CorporationParticipating-0.4%0% of 0 sessionsPrice participation is not yet confirmed by per-name flow.
CSLCarlisle Companies IncorporatedParticipating+1.0%0% of 0 sessionsPrice participation with distributing signed flow.
SLGNSilgan Holdings Inc.Participating-1.5%0% of 0 sessionsPrice participation is not yet confirmed by per-name flow.
MASMasco CorporationQuiet / lagging-0.1%0% of 0 sessionsNot participating yet; a breadth test or a genuine divergence.
DFHDream Finders Homes, Inc.Quiet / lagging-2.1%0% of 0 sessionsNot participating yet; a breadth test or a genuine divergence.
ULUnilever PLCQuiet / lagging-0.3%0% of 0 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 0 completed episodes across 0 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 support14 daysHow often the cohort identity was observed
Completed episodes0Separate periods of broad group activity
Active sessions0Completed session observations, not trades
2026-09-1713 names in the durable cohort
2026-09-1515 names in the durable cohort
2026-09-087 names in the durable cohort
2026-09-0412 names in the durable cohort
2026-09-0310 names in the durable cohort
2026-09-029 names in the durable cohort
2026-09-0116 names in the durable cohort
2026-08-319 names in the durable cohort
MEMBER CONSISTENCY IN OBSERVED ACTIVE SESSIONS
CCEP0% · 0 episodes
CSL0% · 0 episodes
DFH0% · 0 episodes
FBIN0% · 0 episodes
GFF0% · 0 episodes
JHX0% · 0 episodes
MAS0% · 0 episodes
MHK0% · 0 episodes
OC0% · 0 episodes
PPG0% · 0 episodes
RPM0% · 0 episodes
SLGN0% · 0 episodes
UL0% · 0 episodes