{
  "url": "https://struct.news/briefs/twenty-stocks-are-moving-together-and-they-barely-used-to",
  "title": "Twenty stocks are moving together, and they barely used to",
  "summary": "Twenty names crossed the activity threshold on August 5 inside a group spanning seven sectors, with residual correlation at 0.67 versus a usual -0.01.",
  "published_at": "2026-08-05T23:47:45.699893+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": "A cross-sector group moving unusually close together",
      "label": "Active today",
      "value": 20,
      "display": "20/31",
      "unit": "number",
      "period": null,
      "detail": "Group members above the activity threshold",
      "source": {
        "kind": "jodie_evidence",
        "label": "Broad-market moves removed",
        "as_of": "2026-08-05"
      }
    },
    {
      "group": "A cross-sector group moving unusually close together",
      "label": "Recent correlation",
      "value": 0.6747,
      "display": "0.67",
      "unit": "number",
      "period": null,
      "detail": null,
      "source": {
        "kind": "jodie_evidence",
        "label": "Broad-market moves removed",
        "as_of": "2026-08-05"
      }
    },
    {
      "group": "A cross-sector group moving unusually close together",
      "label": "Usual correlation",
      "value": -0.0133,
      "display": "-0.01",
      "unit": "number",
      "period": null,
      "detail": null,
      "source": {
        "kind": "jodie_evidence",
        "label": "Broad-market moves removed",
        "as_of": "2026-08-05"
      }
    },
    {
      "group": "A cross-sector group moving unusually close together",
      "label": "Above normal",
      "value": 3.29,
      "display": "3.3σ",
      "unit": "sigma",
      "period": null,
      "detail": null,
      "source": {
        "kind": "jodie_evidence",
        "label": "Broad-market moves removed",
        "as_of": "2026-08-05"
      }
    }
  ],
  "watch_next": [
    {
      "type": "co_movement_persistence",
      "statement": "The current group shows unusually strong residual co-movement across seven sectors, with 20 names active on August 5.",
      "importance": "medium",
      "evidence": "recent average pairwise correlation among the group: 0.67",
      "source_date": "2026-08-05"
    }
  ],
  "related_tickers": [
    "ABNB",
    "ACIW",
    "AJG",
    "AON",
    "AZO",
    "BKNG",
    "CHH",
    "CHKP"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}