Risk Disclosure

All investing involves risk, including the potential loss of principal.

Financial markets are volatile, unpredictable, and subject to a wide range of factors beyond the control of any individual or system. Any investment strategy, including those presented through the Service, may experience losses, drawdowns, or extended periods of underperformance.

There is no guarantee that any investment strategy will be profitable or achieve its intended objectives.

Users should only allocate capital that they can afford to lose.

The Service provides access to a model portfolio derived from systematic research, along with signals, allocations, and adjustments intended to illustrate how that model portfolio is maintained.

The Service is a research and informational tool only.

Predicting Alpha:

• does not execute trades on behalf of users
• does not manage user funds
• does not have access to user brokerage accounts
• does not provide individualized investment advice

All investment decisions, including whether and how to replicate the model portfolio, are made solely by the user.

Nothing contained within the Service constitutes a recommendation, solicitation, or offer to buy or sell any security.

No content provided by Predicting Alpha should be interpreted as personalized investment advice.

Users acknowledge that they are acting independently and are not relying on Predicting Alpha for investment advice, recommendations, or financial guidance.

The Service may display historical performance data, model portfolio performance, and simulated or backtested results (“Performance Data”).

Performance Data that is based on backtesting or simulation is hypothetical in nature and does not reflect actual trading in live accounts.

Such results are generated using historical data with the benefit of hindsight and may reflect assumptions or parameters that were selected with knowledge of historical outcomes.

Hypothetical or simulated performance results have inherent limitations, including but not limited to:

• reliance on historical data that may not reflect future market conditions
• assumptions regarding execution timing, pricing, transaction costs, and slippage
• the inability to account for real-world constraints such as liquidity, market impact, or user behavior

No representation is made that any user will or is likely to achieve results similar to those shown.

Even where a strategy is followed precisely and without deviation, actual results may differ materially from any Performance Data due to market conditions, execution differences, and other factors beyond Predicting Alpha’s control.

Past performance is not indicative of future results.

The Service provides signals, allocations, and trade instructions reflecting how the Model Portfolio is maintained under its defined rules.

Users are solely responsible for implementing and executing any trades within their own brokerage accounts.

Actual execution of trades may differ from the assumptions used in the Model Portfolio and any displayed Performance Data.

Differences may arise from factors including, but not limited to:

• delays in receiving or acting on signals
• differences in execution timing, including intra-day price movement
• variations in trade pricing, including bid-ask spreads and market impact
• brokerage-specific constraints, order types, or execution methods
• commissions, fees, and transaction costs
• partial fills or inability to execute trades at desired prices

Users acknowledge that:

• Signals may be delayed, missed, or not received
• trades may be executed at materially different prices than those reflected in the Model Portfolio
• even small differences in execution may compound over time and result in materially different performance

Even where a user attempts to follow the Model Portfolio precisely and without deviation, actual results may differ materially from any displayed Performance Data due to execution differences and market conditions.

Predicting Alpha does not guarantee that users will be able to execute trades in a manner consistent with the Model Portfolio.

Financial markets may experience sudden, extreme, and unpredictable price movements.

Macroeconomic events, geopolitical developments, changes in interest rates, and other external factors may significantly impact market behavior and investment outcomes.

No investment strategy can eliminate exposure to market risk.

The Service relies on software systems, automated calculations, and third-party data sources.

The Service may, at any time:

• produce incorrect, incomplete, or misleading outputs
• generate inaccurate signals or portfolio information
• experience delays, interruptions, or system failures

Predicting Alpha does not guarantee the accuracy, completeness, or timeliness of any data or outputs.

Users acknowledge that reliance on the Service without independent verification is at their own risk.

The Predicting Alpha platform provides users with access to a model portfolio (the “Model Portfolio”) that is designed to be followed or replicated by users at their own discretion.

The Model Portfolio reflects a systematic set of rules, signals, and allocations derived from quantitative research and is presented as a standardized portfolio framework.

Users acknowledge that the Model Portfolio is a standardized framework and is not tailored to any individual user’s financial situation, objectives, or risk tolerance.

The Model Portfolio is not a managed account and does not represent individualized portfolio management services.

Predicting Alpha:

• does not manage user funds
• does not execute trades on behalf of users
• does not provide discretionary investment management
• does not monitor or adjust any user’s portfolio
• does not have authority or control over any user’s brokerage account

The provision of the Model Portfolio, including specific signals, allocations, or trade instructions, does not create any fiduciary, advisory, or portfolio management relationship between Predicting Alpha and the user.

Users may choose to follow, modify, or disregard the Model Portfolio in whole or in part. All decisions to replicate the Model Portfolio are made independently and at the sole discretion of the user.

Users acknowledge that:

• they are solely responsible for implementing and managing their own portfolio
• they are not relying on Predicting Alpha for individualized investment decisions
• providing a portfolio to follow does not constitute portfolio management or create any duty to achieve any specific outcome

Even where a user follows the Model Portfolio exactly, actual results may differ materially due to execution timing, market conditions, pricing differences, and other factors beyond Predicting Alpha’s control. Such errors or failures may materially impact trading decisions and outcomes.

The strategies presented through the Service are based on systematic, rules-based models derived from historical data and quantitative research.

Systematic strategies rely on predefined rules, signals, and assumptions, and do not adapt dynamically to changing market conditions beyond those rules.

While such strategies are designed to provide consistency and remove emotional decision-making, they are subject to significant limitations and risks.

In particular:

• market conditions may change in ways that reduce or eliminate the effectiveness of the strategy
• relationships observed in historical data may not persist in the future
• the strategy may experience extended periods of underperformance or loss
• the strategy may fail to respond appropriately to unforeseen market events or structural changes
• the strategy may produce signals that result in losses or adverse outcomes

There is no guarantee that any systematic strategy will perform in the future as it has historically, or that it will achieve any intended objective.

Users acknowledge that systematic strategies are inherently uncertain and may cease to be effective at any time.

Predicting Alpha makes no representations or warranties of any kind, whether express or implied, regarding:

• the accuracy or reliability of any information or outputs
• the availability or functionality of the Service
• the profitability or performance of any strategy

All information is provided on an “as is” basis.

There is no guarantee that any user will achieve any particular financial outcome.

Users are solely responsible for:

• evaluating the suitability of any strategy or portfolio
• making all investment decisions
• executing and managing all trades
• monitoring their own accounts and risk exposure

Users acknowledge that all trading activity is undertaken at their own risk. Predicting Alpha assumes no responsibility or liability for any investment losses, trading outcomes, or financial decisions made by users.

By accessing or using the Service, you acknowledge and agree that you have read, understood, and accepted this Risk Disclosure, and that you assume full responsibility for all risks associated with investing and replicating the Model Portfolio.