*Note: Timeline scale is relative. TWBASI was calculated semi-annually from January 2008 until the beginning of 2012, at which time the averages were calculated monthly.
The Transworld Business Action Sports Index (TWBASI) closed January at over 38.6 thanks to surges in nearly all publicly traded action sports companies’ stocks, resulting in its highest close since its inception in January 2008, and just its second time cresting the 38 mark.
The record month was fueled by strong performances in 11 of the index’s 14 stocks, buoyed by exceptionally strong months from Jarden (+14.2%), Nike (note, Nike’s stock split last month so listed prices are actually double the trading rate), Luxottica (+10.5%), and Quiksilver, which climbed over 52% during the month.
The only shares to close down on the month were Vail Resorts, due in part to meager snowfalls (-2%); VF Corp (-1.2%), and the troubled Skullcandy (-16.5%).