{
  "url": "https://struct.news/briefs/thirty-two-stocks-are-moving-together-across-seven-sectors",
  "title": "Thirty-two stocks are moving together across seven sectors",
  "summary": "Real estate is the biggest pocket, but insurers, consumer names, technology stocks, and others are moving together far more closely than usual.",
  "published_at": "2026-08-10T23:47:34.369830+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": null,
    "ticker": null,
    "cik": null,
    "sector": null,
    "industry": null
  },
  "source_filing": null,
  "comparison_filing": null,
  "reported_figures": [
    {
      "group": "Normally unrelated stocks are moving together",
      "label": "Recent correlation",
      "value": 0.6655,
      "display": "0.67",
      "unit": "number",
      "period": null,
      "detail": null,
      "source": {
        "kind": "jodie_evidence",
        "label": "Broad-market moves removed",
        "as_of": "2026-08-10"
      }
    },
    {
      "group": "Normally unrelated stocks are moving together",
      "label": "Usual correlation",
      "value": 0.0546,
      "display": "0.05",
      "unit": "number",
      "period": null,
      "detail": null,
      "source": {
        "kind": "jodie_evidence",
        "label": "Broad-market moves removed",
        "as_of": "2026-08-10"
      }
    },
    {
      "group": "The breadth and unusualness of the move",
      "label": "Active today",
      "value": 32,
      "display": "32/40",
      "unit": "number",
      "period": null,
      "detail": "Group members above the activity threshold",
      "source": {
        "kind": "jodie_evidence",
        "label": "Broad-market moves removed",
        "as_of": "2026-08-10"
      }
    },
    {
      "group": "The breadth and unusualness of the move",
      "label": "Above normal",
      "value": 3.51,
      "display": "3.5σ",
      "unit": "sigma",
      "period": null,
      "detail": null,
      "source": {
        "kind": "jodie_evidence",
        "label": "Broad-market moves removed",
        "as_of": "2026-08-10"
      }
    }
  ],
  "watch_next": [
    {
      "type": "interest_rates",
      "statement": "Issuance of $600.0M 4.90% senior unsecured notes in Feb 2026 reported, increasing interest expense and average borrowings.",
      "importance": "medium",
      "evidence": "The increase for the three months ended June 30, 2026 was primarily due to increases in interest expense relating to the issuance of $600 million of 4.90% senior unsecured notes in February 2026 and the unsecured revolving credit facility due to higher average outstanding borrowings.",
      "source_date": "2026-07-31"
    },
    {
      "type": "interest_rates",
      "statement": "Interest expense on the Revolving Credit Facility and Commercial Paper Notes increased ~$3.1M (six months) and ~$2.8M (three months) due to higher borrowings, partially offset by lower average rates.",
      "importance": "medium",
      "evidence": "interest expense on the Revolving Credit Facility and Commercial Paper Notes increased approximately $3.1 million due to higher levels of borrowings, partially offset by lower average borrowing rates, during the six months ended June 30, 2026, compared to the six months ended June 30, 2025.",
      "source_date": "2026-07-30"
    },
    {
      "type": "interest_rates",
      "statement": "Interest expense decreased $0.6 million primarily due to the maturity of the 2026 Notes on January 15, 2026.",
      "importance": "medium",
      "evidence": "Interest expense $ (3,672) $ (4,314) (15) % % of total revenue (1) % (2) % Interest expense decreased by $0.6 million primarily due to the maturity of the 2026 Notes on January 15, 2026.",
      "source_date": "2026-05-07"
    },
    {
      "type": "interest_rates",
      "statement": "Net interest expense was $12.0 million for Q1 2026, up from $10.4 million in Q1 2025, attributed to higher average borrowings and higher interest rates on debt.",
      "importance": "medium",
      "evidence": "Net interest expense was $12.0 million for the three months ended March 31, 2026, an increase from $10.4 million for the three months ended March 31, 2025, primarily due to higher average borrowings as well as higher interest rates applicable to our debt.",
      "source_date": "2026-05-07"
    }
  ],
  "related_tickers": [
    "ACT",
    "ADC",
    "ALRM",
    "BFAM",
    "CALM",
    "CNA",
    "CPT",
    "CUBE"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}