CATALYST DOSSIER · UPDATED 2026-11-05
$YMAT
consumer · convergence -10 · conviction AVOID
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Why $YMAT?
Quantitative
Convergence score : -10 (4 signals firing YoY)
Catalysts
Multi-spoke convergence : 4 convergent signals fired: regsho, auto_macro_adp_payrolls, auto_macro_durable_goods, auto_macro_fx_rates
Risks
Hard-to-borrow / FTD risk : Borrow rate 6.0%, distress score 30
Reg SHO threshold list : On NASDAQ threshold list (2026-11-04)
Bear case
Multiple compression : If breadth deteriorates, consumer-wide multiples re-rate lower regardless of pick-specific thesis
Sympathy basket (cerebro)
VCTR via financials r=+0.97 sympathetic (score 19)
FCPT via financials r=+0.97 sympathetic (score 15)
CVI via energy r=-0.89 divergent (score 12)
DK via energy r=-0.89 divergent (score 3)
AEI via real_estate r=+0.84 sympathetic (score 1)
OPEN via real_estate r=+0.84 sympathetic (score 1)
Signals Firing
regsho auto_macro_adp_payrolls auto_macro_durable_goods auto_macro_fx_rates
Pick Track Record Date List Next-day max run Next-day close Hit +2%? 2026-10-27 sec_top_gappers +10.8% +3.8% ✓ hit 2026-10-27 sec_top_moat_emerging +10.8% +3.8% ✓ hit 2026-10-12 sec_top_gappers +14.8% -35.7% ✓ hit 2026-10-12 sec_top_moat_emerging +14.8% -35.7% ✓ hit 2026-09-29 sec_top_gappers +2.0% -6.0% — 2026-09-29 sec_top_moat_emerging +2.0% -6.0% — 2026-09-16 sec_top_gappers +15.6% +5.8% ✓ hit 2026-09-16 sec_top_moat_emerging +15.6% +5.8% ✓ hit 2026-09-15 sec_top_gappers +6.0% -16.9% ✓ hit 2026-09-15 sec_top_moat_emerging +6.0% -16.9% ✓ hit 2026-09-14 sec_top_gappers +0.0% -17.8% — 2026-09-14 sec_top_moat_emerging +0.0% -17.8% —
Lifetime: 12/16 wins · hit-rate 75.0% on +2% intraday
Sympathy Basket VCTR via financials · score 19 FCPT via financials · score 15 CVI via energy · score 12 DK via energy · score 3 AEI via real_estate · score 1 OPEN via real_estate · score 1
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