Educational research, not investment advice.

Nature of content

Quant Investing Lab is an educational research publication owned and operated by Astralys LLC. All content published on this website (including articles, research notes, calculators, backtests, tools, and any accompanying media) is provided solely for general educational and informational purposes.

Not investment advice

Nothing published on Quant Investing Lab constitutes:

• investment advice;
• financial advice;
• tax advice;
• legal advice;
• accounting advice;
• a solicitation to buy or sell any security, derivative, or financial instrument;
• a recommendation of any specific investment strategy for any particular reader.

Quant Investing Lab is not a registered investment advisor. Astralys LLC is not currently registered with the Securities and Exchange Commission (SEC) or any state securities regulator as an investment advisor. You should not rely on any content published here in making any investment decision.

No fiduciary relationship

Reading or subscribing to Quant Investing Lab does not create any client relationship, fiduciary duty, or advisory relationship between you and the publication, its founder, or Astralys LLC. Before making any investment decision, you should consult with a licensed professional (such as a registered investment advisor, certified financial planner, or tax professional) who can evaluate your specific situation.

Past performance

Any historical performance, backtest, or simulation referenced on this website is presented for educational and illustrative purposes only. Past performance does not guarantee, predict, or indicate future results. Investment returns are inherently uncertain and can result in partial or total loss of principal.

Backtests and simulations

Backtested results presented on Quant Investing Lab are hypothetical. They may not reflect:

• actual trading costs or slippage that would have applied in real execution;
• market liquidity constraints;
• tax implications specific to any individual;
• psychological or behavioral factors affecting real-world execution;
• events outside the tested historical sample.

Live trading of any strategy studied on this website may produce materially different results from backtested outcomes.

Forward-looking statements

Certain content may contain forward-looking statements, projections, or opinions. These reflect the author's research views at the time of publication and are subject to change without notice. They are not predictions and should not be relied upon as such.

Accuracy of content

While we make every effort to ensure the accuracy of published research, all content is provided “as is” without warranty of any kind. Quant Investing Lab and Astralys LLC disclaim any liability for errors, omissions, or outcomes resulting from reliance on published content.

Third-party content

Quant Investing Lab may reference or link to third-party content, data sources, academic papers, or service providers. Such references do not constitute endorsement. We are not responsible for the accuracy or availability of third-party content.

Affiliate disclosure

Where Quant Investing Lab earns affiliate commissions from linked service providers (such as brokerages, software platforms, or educational tools), such relationships are disclosed at the top of the relevant content. Affiliate relationships do not influence editorial conclusions.

Limitation of liability

To the fullest extent permitted by law, neither Quant Investing Lab, Astralys LLC, nor its founder shall be liable for any direct, indirect, incidental, consequential, or special damages arising from the use of content published on this website.

Your responsibility

You are solely responsible for your own investment decisions. Before acting on any information published on Quant Investing Lab, you should conduct your own research, consult qualified professionals, and consider your own financial situation, risk tolerance, and investment objectives.