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Submitted URL: http://tipranks.com/
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567.80
-5.18 (-0.9%)

BTC-USDBitcoin
62,632.12
-885.935 (-1.39%)

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Disclaimer: The TipRanks Smart Score performance is based on backtested results.
Backtested performance is not an indicator of future actual results. The results
reflect performance of a strategy not historically offered to investors and does
not represent returns that any investor actually attained. Backtested results
are calculated by the retroactive application of a model constructed on the
basis of historical data and based on assumptions integral to the model which
may or may not be testable and are subject to losses. General assumptions
include: XYZ firm would have been able to purchase the securities recommended by
the model and the markets were sufficiently liquid to permit all trading.
Changes in these assumptions may have a material impact on the backtested
returns presented. Certain assumptions have been made for modeling purposes and
are unlikely to be realized. No representations and warranties are 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, backtested results do
not reflect actual trading or the effect of material economic and market factors
on the decision-making process. Since trades have not actually been executed,
results may have under- or over-compensated for the impact, if any, of certain
market factors, such as lack of liquidity, and may not reflect the impact that
certain economic or market factors may have had on the decision-making process.
Further, backtesting allows the security selection methodology to be adjusted
until past returns are maximized. Actual performance may differ significantly
from backtested performance. Backtested results are adjusted to reflect the
reinvestment of dividends and other income and, except where otherwise
indicated, are presented gross-of fees and do not include the effect of
backtested transaction costs, management fees, performance fees or expenses, if
applicable. Please note all regulatory considerations regarding the presentation
of fees must be taken into account. No cash balance or cash flow is included in
the calculation.

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