Risk Disclaimer
Effective Date: January 5, 2026 · Last Updated: January 9, 2026
Important Notice
PLEASE READ THIS RISK DISCLAIMER CAREFULLY BEFORE USING OUR SERVICE.
This Risk Disclaimer forms part of our Terms of Service. By accessing or using Cognostrix' services (the "Service"), you acknowledge that you have read, understood, and agree to this Risk Disclaimer.
1. Not Investment Advice
1.1 Informational Purpose Only
The forecasts, signals, predictions, analytics, and other information provided by the Service are for informational and educational purposes only.
The Service does not provide:
- Investment advice
- Financial advice
- Tax advice
- Legal advice
- Recommendations to buy, sell, or hold any security or financial instrument
- Personalized investment recommendations
1.2 No Advisory Relationship
Cognostrix does not provide investment advice through the Service and does not act as a:
- Registered investment adviser
- Broker-dealer
- Financial planner
- Licensed financial professional
1.3 Independent Decision-Making
You are solely responsible for your investment and trading decisions. Any action you take based on information from the Service is taken at your own discretion and risk.
2. No Guarantee of Accuracy
2.1 Forecasts Are Predictions, Not Guarantees
The Service generates probabilistic forecasts based on historical and other available data. Forecasts:
- May be wrong
- May be incomplete
- May become outdated due to changing market conditions
- Are not guarantees of future performance
2.2 Historical Performance
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
Any historical accuracy metrics, backtested performance, or prior forecast outcomes:
- Were achieved under specific historical conditions
- May not be replicated in the future
- Do not guarantee similar future results
2.3 Model Limitations
Forecasting models have inherent limitations, including:
| Limitation | Explanation |
|---|---|
| Data dependency | Models are only as good as the data used to train and run them |
| Regime changes | Models may underperform during new or unprecedented market conditions |
| Black swan events | Unexpected events (e.g., pandemics, wars) may not be predictable |
| Overfitting risk | Models may perform better on historical data than future conditions |
| Lag | Models rely on past data and may miss rapid shifts |
3. Investment Risks
3.1 Risk of Loss
All investments carry risk. You may lose some or all of your invested capital.
Investing in financial markets involves, among other risks:
- Market risk (prices may fall)
- Liquidity risk (you may not be able to sell when you want)
- Currency risk (for international investments)
- Interest rate risk (for bonds and rate-sensitive assets)
- Credit risk (for corporate securities)
- Systemic risk (market-wide events)
3.2 Volatility
Financial markets can be volatile. Prices can:
- Move against your position rapidly
- Gap overnight or over weekends
- Experience extreme swings during news events
3.3 Leverage and Derivatives
If you use leverage, margin, options, futures, or other derivatives:
- Losses can exceed your initial investment
- You may receive margin calls
- Positions may be liquidated at unfavorable prices
Do not use the Service as the sole basis for leverage or margin decisions.
3.4 Specific Asset Risks
Different asset classes have specific risks:
| Asset Class | Specific Risks |
|---|---|
| Equities | Company failure, earnings volatility, sector risk |
| Crypto | Extreme volatility, regulatory uncertainty, exchange/custody risk, limited investor protections |
| Commodities | Supply/demand shocks, storage costs, contango/backwardation |
| Forex | Political events, central bank actions, carry trade unwinds |
| Bonds | Interest rate sensitivity, credit downgrades, inflation erosion |
4. Not Personalized Advice
4.1 General Information
Outputs from the Service are general in nature and do not take into account your:
- Financial situation
- Investment objectives
- Risk tolerance
- Investment experience
- Tax situation
- Liquidity needs
- Time horizon
4.2 Suitability
You must determine whether any investment or strategy is suitable for your circumstances. What is appropriate for one investor may be inappropriate for another.
4.3 Consult Professionals
Before making investment decisions, consider consulting qualified professionals, including:
- Financial advisors
- Tax professionals
- Legal counsel
5. Service Limitations
5.1 Technical Issues
The Service may experience:
- Downtime or outages
- Data delays or inaccuracies
- Technical errors or bugs
- Calculation or display errors
Do not rely solely on the Service for time-sensitive trading decisions.
5.2 New Features and Beta Services
Certain features may be designated as beta or newly released. These features may change more frequently, including user experience, thresholds, availability, and coverage. You should not rely on beta features as a production dependency for time-sensitive decisions.
5.3 Data Sources
Forecasts may use third-party data sources. We do not guarantee the:
- Accuracy of source data
- Completeness of source data
- Timeliness of source data
5.4 Update Frequency
Forecasts are generally updated once daily (end of day). Timing may vary; refer to the timestamp shown in the dashboard or API. Forecasts may not reflect:
- Intraday market movements
- Breaking news events
- After-hours trading
- Pre-market developments
6. Regulatory Considerations
6.1 Intended Use
The Service is intended to provide informational market forecasts and analytics and is not intended to be provided as regulated investment advice.
6.2 Professional and Fiduciary Use
If you are a regulated firm or professional (e.g., registered investment adviser, broker-dealer, financial planner, fiduciary), you are responsible for ensuring your use of the Service complies with your regulatory and professional obligations. Use of the Service does not satisfy your duty of care, suitability obligations, or fiduciary responsibilities.
6.3 Prohibited Uses
You may not:
- Represent our forecasts as your own investment advice
- Use our forecasts to manage client money without appropriate disclosures and compliance controls
- Claim or imply that our forecasts have been endorsed or approved by any regulator
7. Hypothetical and Simulated Performance
7.1 Backtested Results
Any backtested, simulated, or hypothetical performance results have significant limitations:
- They are hypothetical and may not reflect actual trading
- They may be affected by hindsight bias
- They may not include transaction costs (fees, spreads, slippage)
- They may assume ideal execution conditions
- They may not include taxes, custody fees, or other real-world costs
7.2 Forward-Looking Statements
Any statements about expected future performance are based on assumptions that may prove incorrect and are subject to known and unknown risks. They are not promises of future results.
8. Limitation of Liability
8.1 No Liability for Losses
TO THE MAXIMUM EXTENT PERMITTED BY LAW, COGNOSTRIX WILL NOT BE LIABLE FOR ANY INVESTMENT OR TRADING LOSSES, OR FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, ARISING FROM OR RELATED TO:
- Your use of the Service
- Your reliance on forecasts or other information provided by the Service
- Errors, inaccuracies, or omissions in the Service outputs
- Technical failures, downtime, or interruptions
- Delays in forecast delivery
8.2 Maximum Liability
To the maximum extent permitted by law, in no event shall our total liability for any claim exceed the amount you paid for the Service in the twelve (12) months preceding the event giving rise to the claim.
9. Jurisdictional Use
You are responsible for ensuring that your access to and use of the Service complies with applicable laws and regulations in your jurisdiction. The Service is not offered where prohibited by law.
10. Changes to This Disclaimer
We may update this Risk Disclaimer from time to time. Material changes will be communicated via the Service and/or email. Your continued use of the Service after such notification constitutes acceptance of the updated Risk Disclaimer.
11. Contact Information
If you have questions about this Risk Disclaimer:
Cognostrix
Email: legal@cognostrix.com
Website: cognostrix.com
Summary of Key Points
| Point | Summary |
|---|---|
| Not advice | We provide information, not investment recommendations |
| Not guaranteed | Forecasts may be wrong; no accuracy is guaranteed |
| Risk of loss | You can lose money; investments are risky |
| Your responsibility | Investment decisions are yours alone |
| Limited liability | Liability is limited to the maximum extent permitted by law |
| Consult professionals | Seek advice from qualified advisors when appropriate |
By using the Service, you confirm that you have read, understood, and agree to this Risk Disclaimer.
Document Version: 1.2
Effective Date: January 5, 2026
