Financial Disclaimer
1. No Investment Advice
The information on Graham Terminal — including prices, fundamentals, charts, screeners, scores, valuation models, portfolios, leaderboards, news, and commentary — is provided for informational and educational purposes only. Nothing on the Service constitutes investment, financial, legal, accounting, or tax advice, a recommendation to buy, sell, or hold any security, or a solicitation or offer of any kind. Content is impersonal and not tailored to the investment needs of any specific person.
2. Not a Registered Adviser or Broker
GrahamTerminal LLC is not a registered investment adviser, broker-dealer, exchange, or funding portal, and is not registered with the U.S. Securities and Exchange Commission, FINRA, or any state securities regulator. No content on the Service creates an adviser-client, fiduciary, or professional relationship of any kind.
3. Data Accuracy and Timeliness
Market data and financial information are obtained from third-party providers and public filings. Data may be delayed, estimated, modeled, adjusted, incomplete, or contain errors, and may differ from data reported by exchanges or other sources. Real-time-looking figures may be derived values rather than official exchange prices. We make no representation or warranty as to the accuracy, completeness, or timeliness of any data, and we have no obligation to update any information. Always verify data with primary sources before relying on it.
4. Scores and Valuation Models Are Formulas
Graham scores, DCF "intrinsic values," screeners, squeeze rankings, sentiment composites, and similar outputs are mechanical calculations built on assumptions, simplifications, and third-party inputs. They are not price targets, predictions, or recommendations. Small changes in assumptions produce large changes in outputs. A high or low score is a property of a formula, not a statement about what an investment will do.
5. Hypothetical and Simulated Performance
Paper-trading portfolios, system strategy portfolios, backfilled track records, and leaderboard statistics are hypothetical or simulated. Simulated results have inherent limitations: they are prepared with the benefit of hindsight, do not reflect real orders, liquidity constraints, slippage, commissions, taxes, or the discipline required to hold a strategy through drawdowns, and frequently differ sharply from results achieved with real money. No representation is made that any account will or is likely to achieve results similar to those shown.
6. Past Performance
Past performance — real or simulated — is not indicative of future results. Prices, dividends, and yields fluctuate, and you may receive back less than you invest.
7. Risk Statement
Investing in securities involves substantial risk, including the possible loss of the entire principal invested. Options, leveraged products, and concentrated positions carry additional risk. You are solely responsible for your investment decisions and for evaluating the merits and risks of any investment. Consider your objectives and consult a licensed financial adviser, accountant, or attorney before acting on anything you see on the Service.
8. Third-Party Content
The Service displays third-party content, including news articles, social-media posts, and video streams. Such content reflects the views of its authors, is not verified or endorsed by us, and may be inaccurate or out of date.
9. Incorporation Into Terms
This Disclaimer is part of, and incorporated into, our Terms of Service, including its disclaimers of warranties and limitation of liability.
10. Contact
GrahamTerminal LLC · legal@grahamterminal.com