Investment Disclaimer & Risk Disclosure

Adaptive Investing · Effective October 9, 2026 · Last updated October 9, 2026

Read carefully before using this Service. Adaptive Investing is an educational and informational tool. Its scores are framework outputs, not buy/sell recommendations. Nothing here is investment advice. Scores are identical for every visitor and are not tailored to anyone's circumstances. Live scoring is temporarily paused while we set up properly licensed market data. This Disclaimer is incorporated into and forms part of our Terms of Service.

1. Not Investment Advice

Adaptive Investing does not provide investment advice. All scores, ratings, analyses, research summaries, and other outputs of the Service are for informational and educational purposes only. Nothing on this platform is, or should be construed as:

A recommendation to buy, sell, hold, or otherwise transact in any security;
An offer or solicitation to buy or sell any security;
Investment, financial, tax, or legal advice of any kind;
An endorsement of any company, investment strategy, or financial product.

A score is a mechanical output of a fixed rubric, the same rubric for every company, applied to financial data — a starting point for your own research, not a verdict on what you should do.

Hard gates. Today, three deterministic caps can limit a score, however the company measures elsewhere in the rubric: excessive share dilution (share count up more than 25% over three years), high net debt relative to free cash flow (net debt more than five times positive free cash flow), and a negative gross margin. Each one that applies caps the score at a fixed ceiling.

Descriptive bands. Each score is shown with a band: Strong, Solid, Mixed, Weak, or Poor fit with the rubric. A band describes how a company measures against the rubric. It is not a buy, sell, or hold recommendation.

Not personalized. Scores come from a fixed rubric, applied consistently, and are identical for every visitor. They are not personalized and are not tailored to your objectives, financial situation, or needs. We do not answer individual investment questions.

2. Not a Registered Investment Advisor

Adaptive Investing is not a registered investment advisor, broker-dealer, financial planner, commodity trading advisor, or any other licensed financial professional, and is not registered with or regulated by the U.S. Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), the Commodity Futures Trading Commission (CFTC), any U.S. state securities regulator, or any foreign financial regulator. Use of the Service does not create an advisory, fiduciary, or broker-client relationship of any kind.

3. Risk Disclosures

3.1 General investment risk

All investments involve risk, including the possible loss of principal. The value of investments can go down as well as up. Risks include, among others, market risk, company-specific risk, liquidity risk, inflation risk, interest-rate risk, concentration risk, regulatory risk, and geopolitical risk.

3.2 Limitations of the scoring model

The scoring model is not a predictor of future stock performance. A high score does not guarantee returns; a low score does not mean a stock will decline.
No model captures every factor that affects a stock price; the model may not adequately reflect certain industries, conditions, or company-specific factors.
Scores are point-in-time assessments and may not reflect material changes after they are generated.
The model has not been independently audited or validated by any regulatory body or research firm.

3.3 AI and algorithmic limitations

The Service does not currently use artificial intelligence to generate scores; scoring is deterministic. No data is sent to any AI provider today, and AI features are disabled in our code unless we explicitly enable them. We plan to introduce AI-assisted analysis for certain qualitative categories, using large language models such as those provided by Anthropic. If and when those features launch, AI can produce inaccurate, incomplete, or misleading output, and may "hallucinate" plausible-sounding but false information, so AI-generated analyses should always be independently verified.

3.4 Data limitations

Financial data is obtained from third-party sources (including a licensed market-data provider, SEC EDGAR, and, where macroeconomic data is shown, FRED) and may contain errors or omissions, be delayed, or differ from authoritative sources such as company filings. See Section 7 and our Errors & Corrections page.

4. No Guarantee of Results

There is no guarantee that use of this Service will result in profitable investments or that you will not lose money. Past performance of any stock, score, or analysis does not guarantee future results. We make no representation that any high-scoring stock will rise, that any strategy based on the Service will be profitable, or that the Service will meet your particular objectives.

5. Consult a Professional

Before making any investment decision, you should conduct your own independent research and due diligence and consult a licensed financial advisor (and, as appropriate, a tax professional or attorney) who can evaluate your individual situation, goals, risk tolerance, and time horizon. The Service is not a substitute for professional advice tailored to your circumstances.

6. Specific Disclaimers

Forward-looking information. Analyses involving earnings estimates, projected growth, or fair-value ranges are based on publicly available data and assumptions, carry significant uncertainty, and are not predictions of actual results.

SEC filing summaries. If and when AI-generated summaries of SEC filings (10-K, 10-Q, 8-K, etc.) are introduced, they may be incomplete, inaccurate, or misleading. Always consult the original filings at SEC EDGAR for authoritative information.

Market and competitor data. Market-size estimates, competitive analyses, and industry data are derived from public sources (and, if and when introduced, AI research) and may not reflect actual conditions.

7. Data Sources and Timeliness

Company filings. Source: SEC EDGAR. Filing data comes from the U.S. Securities and Exchange Commission's public EDGAR system. The SEC has not reviewed, approved, or endorsed Adaptive Investing, its scores, or its use of this data.

Market data. Prices and fundamentals come from a licensed market-data provider, when live scoring is available.

Macroeconomic data. Where macroeconomic data appears, it comes from Federal Reserve Economic Data (FRED). This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis. See the FRED API terms of use.

Timeliness. Prices and other market data shown on the Service are end-of-day or delayed, not real-time. The Service does not provide live or streaming quotes and is not suitable for decisions that depend on current prices. Financial-statement data reflects the latest periods reported in company filings and can lag events by weeks or months.

8. Regulatory and Regional Notices

United States. The Service is operated by an individual based in California and is intended only for persons in the United States. The Service is not a registered investment advisor under the Investment Advisers Act of 1940 or any state equivalent, and your use of it does not create an advisory relationship.

United Kingdom. The Service is not directed at persons in the United Kingdom. It does not constitute a financial promotion or investment advice under the Financial Services and Markets Act 2000, and it has not been approved by an authorised person. If you are in the United Kingdom, you must not act or rely on anything on the Service.

European Economic Area. The Service is not directed at persons in the European Economic Area. It does not constitute investment advice or an investment recommendation under MiFID II or other applicable EU financial-services regulation, and we are not authorised by any EEA regulator. Persons in the EEA should not act or rely on it.

Canada. The Service is not directed at persons in Canada. Any information on it is general in nature and is not tailored to the needs of any person. We are not registered with any Canadian securities regulator.

Australia — General Advice Warning. The Service is not directed at persons in Australia. Any information on it is general information only and has been prepared without taking into account your objectives, financial situation, or needs. Because of that, before acting on it you should consider its appropriateness having regard to your own objectives, financial situation, and needs. If it relates to the acquisition of a particular financial product, you should obtain and consider the product disclosure statement or other offer document for that product before making any decision. We do not hold an Australian financial services licence.

Singapore. The Service is not directed at persons in Singapore. Nothing on it is an offer of, or advice on, any capital markets product for persons in Singapore, and we do not hold a licence from the Monetary Authority of Singapore.

India. The Service is not directed at persons in India. Nothing on it is investment advice or a research report for persons in India, and we are not registered with the Securities and Exchange Board of India as an investment adviser or research analyst.

Other jurisdictions. The Service may not be appropriate everywhere. Users outside the United States are responsible for ensuring their use complies with applicable local law. We may restrict access from certain jurisdictions.

9. Acknowledgment

By using the Service, you acknowledge that you have read and understood this Disclaimer, that the Service does not provide investment advice, that all investment decisions are made solely at your own risk, and that you are responsible for conducting your own due diligence before investing.

10. Contact

Questions about this Disclaimer can go to contact@adaptive-investing.com. To report a data error or a misused score, see Errors & Corrections.

This Disclaimer was last updated on October 9, 2026. It is provided in good faith and is not a substitute for advice from a licensed attorney.