Disclaimer

Informational only

Sigma Black Systems publishes market commentary, research, model information, performance data, and related materials for informational and educational purposes only.

Nothing on this website, in any newsletter, or in any related communication should be interpreted as investment advice, legal advice, tax advice, accounting advice, or as an offer, solicitation, endorsement, or recommendation to buy, sell, or hold any security or financial instrument.

Performance data

All investing and trading involve risk, including the possible loss of principal. Past performance is not indicative of future results.

Any references to returns, CAGR, drawdowns, MAR ratios, benchmark comparisons, model results, or related performance statistics are provided for informational purposes only and should not be relied upon as a guarantee of future performance.

Backtests and simulations

Any backtested, hypothetical, simulated, or model-based results have inherent limitations. Such results do not represent actual trading and may not reflect the impact of market conditions, liquidity constraints, slippage, commissions, execution delays, behavioral factors, or other real-world influences.

Reader responsibility

Content provided by Sigma Black Systems is general in nature and does not take into account the individual circumstances, objectives, risk tolerance, financial situation, or needs of any particular person.

Before making financial decisions, you should conduct your own due diligence and consult appropriate licensed or qualified professional advisors.

Registration status

Unless and until expressly stated otherwise, Sigma Black Systems is not acting as a registered investment advisor, dealer, broker, or fiduciary. Your use of this website and any reliance on its content is entirely at your own risk.