Themes / Group
Inactive · established relationshipLatest completed snapshot · 04:10 ET

MARKET-DISCOVERED GROUP

Construction Building Products

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

0 of 12 measured SPY-adjusted paths align to the mixed across 6.5 effective names. MBC, PNR are also moving with filing-linked members. Capital-flow agreement is 12%, so the basket is not yet clean. No verified headline preceded the measured move.

Price breadth6 up · 5 down+0.0% median path versus SPY
Capital-flow alignment12%Price breadth is not yet confirmed by flow
Activity nowCalmActivity score 10/100 · lift 0.8×
Evidence depth3 support daysLow sample—context, not a validated playbook
EVIDENCE CLOCK

What happened, in timestamp order

4 timed events · 10:00–15:55 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 inferenceFBIN registered the first material upside path

    +1.24% session path at the threshold · FBIN

  2. 5-minute inferencePPG registered a material upside path

    +0.36% session path at the threshold · PPG

  3. 5-minute inferenceCSL registered a material upside path

    +0.41% session path at the threshold · CSL

  4. 5-minute inferenceRPM registered a material upside path

    +0.36% session path at the threshold · RPM

2 earlier filing context receipts

TUE, MAR 17HD filing documented shared operating contextrestructuring affecting expense · date precision only

WED, MAY 6AMCR 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 6.5 effective names. FBIN represents 23.9% of absolute path energy; 0 of 12 members align without a clean common direction.

ConstructionBroad23.9% from the largest path
Effective names6.5 / 12Movement diversity after concentration
Direction breadthMixedmixed relative path · 0 counter-moving
Largest moverFBIN 23.9%41.1% from the top two paths
FBIN23.9%Independent direction · path +1.10% · basket +0.09pp
PPG17.2%Independent direction · path +0.79% · basket +0.07pp
TREX17.0%Independent direction · path -0.78% · basket -0.07pp
HD14.5%Independent direction · path +0.67% · basket +0.06pp
OC9.6%Independent direction · path -0.44% · basket -0.04pp
CSL5.8%Independent direction · path +0.27% · basket +0.02pp
RPM3.7%Independent direction · path +0.17% · basket +0.01pp
GFF3.2%Independent direction · path -0.15% · basket -0.01pp
LOW3.2%Independent direction · path -0.15% · basket -0.01pp
JHX0.7%Flat / inactive path · path +0.03% · basket +0.00pp
AMCR0.6%Flat / inactive path · path -0.03% · basket -0.00pp
MAS0.5%Flat / inactive path · path +0.02% · 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. FBIN moved higher firstFirst member to clear the material path threshold · path +1.24%
  2. PPG registered a material higher path0m after the first price move · path +0.36%
  3. CSL registered a material higher path0m after the first price move · path +0.41%
  4. RPM registered a material higher path0m after the first price move · path +0.36%
  5. JHX registered a material higher path0m after the first price move · path +0.62%
  6. MAS registered a material higher path0m after the first price move · path +0.59%

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 25 · 10:00 ETMove visible 10:30 ETAug 25 · 15:55 ET
Group median +0.03%Strongest relative path FBINWeakest relative path TREX

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

12/12 members covered

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

restructuring affecting expense

Any failure in the execution of a strategic transaction or investment, our approach to the integration of an acquired asset or business, our ability to integrate new associates, or achievement of anticipated synergies or other benefits could result in slower growth, higher than expected costs, the recording of an impairment of goodwill or other intangible assets or restructuring costs, and other actions which could adversely affect our business, financial condition and results of operations.

HD 10-K · 2026-03-18
demand / volume affecting revenue

Natural disasters, unseasonable, unexpected or extreme weather conditions, as well as other catastrophic or uncharacteristic events, could impact our operations and financial results, seasonal events such as storms may impact sales compared to prior periods, and the potential impacts of catastrophic or uncharacteristic events may lead to changes in demand or availability of products or cause business interruptions.

HD 10-K · 2026-03-18
credit / rates affecting interest expense

Interest income and other, net (32) (0.1) (30) (0.1) Interest expense 628 1.5 625 1.6 Interest and other, net 596 1.4 595 1.5 Earnings before provision for income taxes 4,757 11.5 4,823 12.0 Provision for income taxes 1,156 2.8 1,175 2.9 Net earnings $ 3,601 8.7 % $ 3,648 9.1 % ————— Note: Certain percentages may not sum to totals due to rounding.

HD 10-Q · 2025-11-25
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.

MBCMoving with group

FBIN · text peer

PNRMoving with group

FBIN · text peer

SHWNot confirming

PPG · text peer

SWKNot confirming

FBIN · text peer

03 · WHO IS IN IT

Member participation

Unusual activity and daily price direction are shown separately
HDTREXAMCRLOWRPMFBINOCPPGMASCSLGFFJHX

5/12 active7 rising · 5 falling

MemberUnusual activityToday's moveRead now
HDHome Depot, Inc. (The)
Most unusual · 100/100
+0.1%
Active; unclassifiedActive in 0% of observed group sessions
TREXTrex Company, Inc.
Elevated · 92/100
-1.0%
Active; unclassifiedActive in 0% of observed group sessions
AMCRAmcor plc
Elevated · 88/100
-1.3%
Flow divergenceActive in 0% of observed group sessions
LOWLowe's Companies, Inc.
Elevated · 69/100
-1.1%
Active; unclassifiedActive in 0% of observed group sessions
RPMRPM International Inc.
Elevated · 67/100
+0.3%
Flow divergenceActive in 0% of observed group sessions
FBINFortune Brands Innovations, Inc.
Quiet · 60/100
+1.5%
Watch / laggardActive in 0% of observed group sessions
OCOwens Corning
Quiet · 56/100
-0.5%
Watch / laggardActive in 0% of observed group sessions
PPGPPG Industries, Inc.
Quiet · 55/100
+0.4%
Watch / laggardActive in 0% of observed group sessions
MASMasco Corporation
Quiet · 55/100
-0.4%
Watch / laggardActive in 0% of observed group sessions
CSLCarlisle Companies Incorporated
Quiet · 52/100
+0.2%
Watch / laggardActive in 0% of observed group sessions
GFFGriffon Corporation
Quiet · 52/100
+0.0%
Watch / laggardActive in 0% of observed group sessions
JHXJames Hardie Industries plc
Quiet · 48/100
+0.4%
Watch / laggardActive in 0% of observed group sessions
View exact member values
TICKERCompanyRole nowTodayObserved historyTrader interpretation
HDHome Depot, Inc. (The)Most unusual+0.1%0% of 0 sessionsMost unusual activity in this snapshot; performance direction may differ.
TREXTrex Company, Inc.Participating-1.0%0% of 0 sessionsPrice participation is not yet confirmed by per-name flow.
AMCRAmcor plcParticipating-1.3%0% of 0 sessionsPrice participation with distributing signed flow.
LOWLowe's Companies, Inc.Participating-1.1%0% of 0 sessionsPrice participation is not yet confirmed by per-name flow.
RPMRPM International Inc.Participating+0.3%0% of 0 sessionsPrice participation with distributing signed flow.
FBINFortune Brands Innovations, Inc.Quiet / lagging+1.5%0% of 0 sessionsNot participating yet; a breadth test or a genuine divergence.
OCOwens CorningQuiet / lagging-0.5%0% of 0 sessionsNot participating yet; a breadth test or a genuine divergence.
PPGPPG Industries, Inc.Quiet / lagging+0.4%0% of 0 sessionsNot participating yet; a breadth test or a genuine divergence.
MASMasco CorporationQuiet / lagging-0.4%0% of 0 sessionsNot participating yet; a breadth test or a genuine divergence.
CSLCarlisle Companies IncorporatedQuiet / lagging+0.2%0% of 0 sessionsNot participating yet; a breadth test or a genuine divergence.
GFFGriffon CorporationQuiet / lagging+0.0%0% of 0 sessionsNot participating yet; a breadth test or a genuine divergence.
JHXJames Hardie Industries plcQuiet / lagging+0.4%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 support3 daysHow often the cohort identity was observed
Completed episodes0Separate periods of broad group activity
Active sessions0Completed session observations, not trades
2026-08-2517 names in the durable cohort
2026-08-2412 names in the durable cohort
2026-08-2113 names in the durable cohort
MEMBER CONSISTENCY IN OBSERVED ACTIVE SESSIONS
AMCR0% · 0 episodes
CSL0% · 0 episodes
FBIN0% · 0 episodes
GFF0% · 0 episodes
HD0% · 0 episodes
JHX0% · 0 episodes
LOW0% · 0 episodes
MAS0% · 0 episodes
OC0% · 0 episodes
PPG0% · 0 episodes
RPM0% · 0 episodes
TREX0% · 0 episodes