Disclaimer: TipRanks Smart Score performance is based on backtest results. Backtest performance is not an indicator of future actual results. The results reflect the performance of a strategy that has not been offered to investors in the past and do not represent returns that an investor has actually achieved. Backtesting results are calculated through the retrospective application of a model constructed using historical data and based on assumptions built into the model, which may or may not be testable and are subject to losses. General assumptions include: XYZ Company would have been able to purchase the securities recommended by the model and the markets would be sufficiently liquid to support all trading. Changes to these assumptions can have a significant impact on the backtest results presented. Certain assumptions have been made for modeling purposes and are unlikely to be realized. No representations or warranties are made as to the appropriateness of the assumptions. This information is for illustrative purposes only. Backtest performance is developed after the fact and has inherent limitations. In particular, the backtest results do not reflect actual trading or the impact of material economic and market factors on the decision-making process. Since trades have not actually been executed, the results may reflect the impact, if any, of certain market factors, such as: B. lack of liquidity, may have under- or over-compensated and may not reflect the impact of certain economic or market factors on the decision-making process. In addition, backtesting allows the security selection methodology to be adjusted until past returns…
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