There Are Numerous Other Factors Related To The Markets In General Or To The Implementation Of Any Specific Trading Program Which Can not Be Fully Accounted For In The Preparation Of
Hypothetical Performance Results And All Which Can Adversely Affect Trading Results.
Hypothetical Performance Results Have Many Inherent Limitation, Some Of Which Are Described Below.
No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between
hypothetical performance results and the actual results subsequently achieved by any particular trading program.
Hypothetical performance results have many inherent limitations, some of which are described below.
There are numerous other factors related to the markets in general or to the implementation of any specific trading program which can not be fully accounted for in the preparation of
hypothetical performance results and all which can adversely affect trading results.
One of the limitations of
hypothetical performance results is that they are generally prepared with the benefit of hindsight.
THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CAN NOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF
HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN
ONE OF THE LIMITATIONS OF
HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT.
IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN
HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.
Hedge Fund Managers Must Refrain From Combining Actual and
Hypothetical Performance Results to Avoid Misleading Investors and Avert SEC Enforcement Action
Hypothetical performance results have inherent limitations.
Not exact matches
The following is a
hypothetical illustration of mathematical principles, based on historical
results and in no way is meant to predict or project the
performance of an investment or investment strategy.
There can be large differences between
hypothetical and actual
performance results.
Although the
performance results and share sizes displayed on this page are from the actual entry and exit prices listed in our trading newsletter, all
performance data on this page, and throughout our web site, is
hypothetical and for educational purposes only.
Actual
results may materially vary and differ significantly from the suggested
hypothetical analysis
performance data.
Any financial projections or returns shown on the website are estimated predictions of
performance only, are
hypothetical, are not based on actual investment
results and are not guarantees of future
results.
Although the
hypothetical performance effects are moderate, constrained optimization generally
results in increased volatility as the minimum - variance portfolio characteristics become more like those of the cap - weighted benchmark.
While past
performance is no guarantee of future
results, the benefits of lower correlation can be seen in the
performance of the indices and
hypothetical portfolios over the 15 - year period ending December 2016.
Any
hypothetical rate of return used does not reflect actual
performance or predict future
results of the program.
Sometimes the advertised
performance of investment trading software may be based on simulated or
hypothetical trading, not actual trading
results.
HYPOTHETICAL OR SIMULATED
PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS.
Hypothetical or simulated
performance results have certain limitations.
The actual
performance looks good plotted against the red line, but that line represents the emissions
resulting from the actions of a
hypothetical federal government with even more reckless policies than our present one.
Together, the
results of these studies suggest that practice with feedback improves final
performance.156 None of these articles, however, suggest that students received any instruction on how to effectively apply legal rules to the
hypothetical fact patterns.