Risk Disclosure

AlphaFind is a research and analysis platform only. Nothing on this platform constitutes financial advice, investment advice, a recommendation to buy or sell any financial instrument, or any other form of regulated financial guidance.

Phronesis Technologies Limited is not a licensed financial adviser, registered investment manager, or any other type of regulated financial service provider in New Zealand or any other jurisdiction. Before making any investment or trading decision, you should seek independent advice from a qualified, licensed financial adviser who understands your personal financial situation and objectives.

Phronesis Technologies Limited, trading as AlphaFind, is not regulated by any financial regulatory authority in connection with the services provided through this platform. Specifically, we are not authorised or regulated by:

AlphaFind provides tools for research, data analysis, and strategy development only. These activities do not constitute regulated financial services in the jurisdictions listed above.

AlphaFind provides tools to test trading strategies against historical market data ("backtesting"). Backtested results are hypothetical — they do not represent actual trading or investment results achieved by any person. You should be aware of the following material limitations:

• Survivorship bias: historical data may not include securities that were delisted, went bankrupt, or ceased trading, which can cause backtested strategies to appear more profitable than they would have been in practice;
• Look-ahead bias: errors in strategy design can inadvertently use information that would not have been available at the time a trade was placed;
• Overfitting: a strategy optimised to perform well on historical data may have been fitted to noise rather than genuine signal, and may fail on new data;
• Execution assumptions: backtests typically assume orders are filled at or near the modelled price, ignoring real-world factors such as bid-ask spread, market impact, partial fills, and order routing delays;
• Transaction costs: unless explicitly modelled, backtests may not account for brokerage commissions, exchange fees, taxes, and other costs that reduce real-world returns; and
• Market conditions: future market conditions — including volatility regimes, correlations, and liquidity — may differ materially from historical conditions on which a strategy was tested.

A strategy that produces strong hypothetical backtested results may perform poorly or produce losses when traded with real capital.

Trading and investing in financial markets involves substantial risk, including but not limited to:

• Market risk: the value of financial instruments can fall as well as rise. You may receive back less than you invest;
• Leverage risk: trading with leverage or margin amplifies both potential gains and losses. You can lose more than your initial deposit;
• Liquidity risk: some financial instruments may be difficult to sell at a fair price, particularly in volatile or illiquid market conditions;
• Currency risk: investments denominated in currencies other than your own are subject to exchange rate fluctuations;
• Concentration risk: concentrating capital in a small number of positions or markets increases the impact of adverse moves;
• Counterparty risk: the risk that a broker, exchange, or counterparty fails to meet their obligations; and
• Regulatory and political risk: changes in law, regulation, taxation, or political conditions may adversely affect the value of investments.

Historical market data provided through AlphaFind is sourced from third-party data providers. While we work to ensure reasonable data quality, we cannot guarantee that all data is accurate, complete, or free from errors. Data errors — including incorrect prices, missing records, or corporate action adjustments — can materially affect the results of backtests and analysis.

Users should exercise independent judgment when interpreting analytical outputs and should not rely solely on data from any single source for trading decisions.

The AlphaFind platform is provided on an "as is" basis. We do not warrant that the platform will be continuously available, error-free, or free from technical failures. System outages, data feed interruptions, software bugs, or connectivity issues could affect your ability to access the platform or run analyses. AlphaFind accepts no liability for losses arising from technology failures.

You are solely responsible for all trading and investment decisions you make, whether or not they are informed by analysis or tools available on AlphaFind. You should:

• Understand the financial instruments you trade and the risks involved;
• Ensure that trading is appropriate for your financial situation, experience, and risk appetite;
• Seek independent financial, legal, and tax advice where appropriate; and
• Never risk capital you cannot afford to lose.

AlphaFind, Phronesis Technologies Limited, and its officers, employees, and contractors accept no liability for any trading or investment losses incurred as a result of using the platform, its data, or its tools.