Disclaimer: TipRanks Smart Score performance is based on backtesting results. Back-tested performance is not indicative of future actual results. The results reflect the performance of a strategy not previously available to investors and do not represent the returns actually achieved by investors. Backtested results are calculated by retrospective application of a model built on historical data and are based on assumptions that are integral to the model, but may or may not be testable and may result in losses. there is. Common assumptions include: XYZ company could have purchased the securities recommended by the model, and the market would have been sufficiently liquid to allow all trades. Changes in these assumptions could materially affect the backtested returns shown. Certain assumptions have been made for modeling purposes, but are unlikely to be realized. No representation or warranty is made as to the reasonableness of the assumptions. This information is provided for illustrative purposes only. Backtested performance is developed with the benefit of hindsight and has inherent limitations. Specifically, backtesting results do not reflect the influence of important economic and market factors on actual trading and decision-making processes. Because the trades are not actually executed, the results may under- or over-compensate for the impact, if any, of certain market factors such as lack of liquidity, and may result in certain economic or may not reflect the impact that market factors may have had. About the decision-making process. Additionally, backtesting allows you to adjust your security selection method until it maximizes historical returns. Actual performance may differ significantly from backtested performance. Back-tested results are adjusted to reflect reinvestment of dividends and other income, and unless otherwise stated, gross fees are shown, back-tested transaction costs, management fees, Does not include the impact of performance fees or expenses (if applicable). Please note that all regulatory considerations regarding price submissions must be taken into account. The calculation does not include cash balances or cash flows.
