Index improved by 2.45 points to 955.40, marking a 0.3 percent increase from the prior month
March 2022
In March 2022, the AGEM Index improved by 2.45 points to 955.40, marking a 0.3 percent increase from the prior month. Compared to one year ago, the index added 191.27 points for an annual growth rate of 25.0 percent. During the latest reporting period, nine of the AGEM Index companies reported stock price declines, with three posting an increase. Those results translated to seven companies posting negative contributions to the index and five companies reporting positive contributions.
The top contributor to the monthly index was Konami Corp. (TYP: 9766), which reported a 22.39-point index gain as a result of a 19.6 percent increase in stock price. Crane Co. (NYSE: CR) reported an 8.74-point gain to the index due to a 7.1 percent increase in the company’s stock price. The largest negative contribution to the index was sourced to International Game Technology PLC (NYSE: IGT), whose 19.4 percent decline in stock price led to a 19.41-point decrease in the AGEM Index.
In the latest reporting period, all three major U.S. stock indices trended upwards after two consecutive months of negative growth. The S&P 500 increased by 3.6 percent, while the NASDAQ rose by 3.4 percent. Meanwhile, the Dow Jones Industrial Average observed a 2.4 percent increase over the month.
The AGEM Index
The Association of Gaming Equipment Manufacturers (AGEM) produces the monthly AGEM Index that comprises 12 global gaming suppliers throughout the world. A total of nine suppliers are based in the United States and are listed on the NYSE, Nasdaq or OTC market, while two trade on the Australian exchange and one on the Tokyo exchange. The index is computed based on the month-end stock price (adjusted for dividends and splits) of each company and weighted based on approximation of market capitalization. Market capitalizations for manufacturers trading on foreign exchanges have been converted to US dollar-equivalents as of month-end for comparability purposes. The AGEM Index is based on a 100-point value as of January 2005. Company stock prices and AGEM Index contributions may be revised as necessary due to stock splits, reverse stock splits, mergers, acquisitions and other business activities.
About AGEM
AGEM is an international trade association representing manufacturers of electronic gaming devices, systems, lotteries, and components for the gaming industry. The Association works to further the interests of gaming equipment manufacturers throughout the world. Through political action, tradeshow partnerships, information dissemination and good corporate citizenship, the members of AGEM work together to create benefits for every company within the organization. Together, AGEM and its member organizations have assisted regulatory commissions and participated in the legislative process to solve problems and create a positive business environment.
About Applied Analysis
The AGEM index and overview is prepared by Applied Analysis (AA). AA is a Nevada-based advisory services firm providing consultation services for public and private entities. The company utilizes extensive experience in economics, information technology and finance to provide a wide range of services, including urban economic consulting, financial advisory services, market analysis, public policy analysis, hospitality industry and gaming consulting, and information system and technology consulting.
