Risk Disclosure

Market Risk

• Financial markets are volatile and can move quickly.
• Users can lose money, including the full amount allocated to a financial instrument.
• Where instruments involve leverage, derivatives, margin, short selling, or complex structures, losses may exceed the initial amount committed.
• Market prices may be affected by liquidity, news, regulation, interest rates, currency movements, earnings, corporate actions, geopolitical events, and broader economic conditions.
• Past performance, historical patterns, backtests, or previous model results do not guarantee future performance.

Forecast and Scenario Risk

• Forecasts, price targets, scenario prices, confidence scores, and research signals are model-generated estimates and classifications, not guarantees.
• Price targets and forecast scenarios are based on assumptions that may prove incorrect.
• A "positive", "negative", or similar signal label is a research classification only. It is not a buy, sell, hold, or trade instruction.
• Model outputs can change when data, assumptions, market conditions, or model versions change.
• Forecasts may be especially unreliable during unusual market conditions, low-liquidity periods, earnings events, regulatory announcements, macroeconomic shocks, or market regime changes.

AI and Model Risk

• AI-assisted outputs can be wrong, incomplete, outdated, inconsistent, or misleading.
• AI-generated summaries may contain errors, omissions, unsupported interpretations, or hallucinated reasoning.
• Models may be affected by bias, overfitting, data-quality problems, survivorship bias, look-ahead bias, market regime changes, and limitations in training or evaluation data.
• Confidence scores should not be interpreted as probabilities of profit, guarantees of correctness, or measures of suitability for any individual user.

Data Risk

• Market data, financial data, news, sentiment, and third-party data may be delayed, incomplete, inaccurate, unavailable, or incorrectly interpreted.
• Source coverage can vary by market, issuer, exchange, instrument, and time period.
• Corporate actions, ticker changes, exchange holidays, currency conversions, and data-provider limitations may affect displayed results.
• Kerdos AI may rely on third-party data providers and external sources that Kerdos AI does not control.

No Suitability Assessment

• Kerdos AI does not assess your full financial situation, investment objectives, investment experience, risk tolerance, loss capacity, tax position, liquidity needs, or legal restrictions.
• Any filters, preferences, watchlists, selected horizons, or user settings are used to organise research outputs only.
• These settings do not create personalised investment advice and do not mean that any instrument or strategy is suitable or appropriate for you.

User Responsibility

• You remain fully responsible for your own research, decisions, and investment outcomes.
• You should consider your personal circumstances and, where appropriate, consult a licensed financial adviser, tax adviser, or legal adviser before making financial decisions.
• You should independently verify important information before relying on it.
• You should not invest money that you cannot afford to lose.

Service and Availability Risk

• Kerdos AI may be unavailable, delayed, interrupted, or affected by technical errors.
• Subscription access to Kerdos AI does not guarantee investment performance, profitable outcomes, or access to any specific signal, forecast, instrument, exchange, or data source.
• Features, models, data sources, and methodologies may change over time.

General Nature of This Disclosure

This risk disclosure is general in nature and may not describe every risk that could be relevant to you, a specific financial instrument, a specific market, or a specific strategy. Additional risks may apply depending on the instrument, market, jurisdiction, and individual circumstances.