*Note: Timeline scale is relative. TWBASI was calculated semi-annually from January 2008 until the beginning of 2012, at which time the average was calculated monthly.
The tech world has the NASDAQ, Japan has the Nikkei, London's got the FTSE, and the go to stock index globally is the NYSE, but what about action sports? Meet the TransWorld Business Action Sports Index, or for the acronymally inclined, TWBASI. We selected 14 of the industry's publicly traded companies and went back to the very beginning of the great recession to track the performance of these publicly traded bellwether's of the industry's health.
TWBASI member stock prices slipped 3.2% through October following a three month surge that took the average to an all-time high at the end of September.
Pushing the average down were double digit declines in shares of Billabong, Zumiez, PacSun, Skullcandy, and Tillys as the overall market experienced pre-election, uncertainty-fueled declines.
While the majority of brands saw declining share prices through October, Luxottica, The Buckle, and Iconix were the standouts posting slight gains to kick off Q4.