Disclaimer

Our promise to you

We believe you deserve to know exactly what MonkStreet is — and what it isn't. No fine print tricks. Here's the deal:

• We show you the math. Every stat is backed by real data. We tell you exactly where it comes from.
• Scores are observations, not recommendations. A high MonkScore™ means "looks like past winners." It does not mean "buy this stock."
• Same model, every company, every user. We never tailor scores to individuals. The analysis is general and impersonal — by design.
• We eat our own cooking. We invest too. To stay objective, we never manually adjust scores.

How MonkStreet is structured — and why it matters

MonkStreet is a quantitative research platform published through our website and app as a mass media publication. We provide general investment research and analysis — not personalized advice.

MonkScore™ applies the same methodology to every company it covers, regardless of who views it. We do not collect information about your financial situation, investment objectives, or risk tolerance. We do not tailor our scores, rankings, or analysis to any individual user. No score is ever adjusted based on who is looking at it. This isn't just a disclaimer. It's how the platform is built.

Because our analysis is general and impersonal — not adapted to your personal circumstances — it does not constitute investment advice, a personalized recommendation, or a solicitation to buy, sell, or hold any financial instrument.

Under EU law (MiFID II): Investment advice means providing personal recommendations tailored to an individual's circumstances (Article 4(1)(4), Directive 2014/65/EU). MonkStreet provides general investment research and quantitative analysis — a category of ancillary service under MiFID II (Annex I, Section B(5)) — not personalized investment advice. Our analysis is published to the general public and is not based on any assessment of any individual's personal situation.

Under US law: MonkStreet publishes bona fide, general, and impersonal financial analysis of regular and general circulation. Our content provides disinterested quantitative commentary. We do not manage funds, execute trades, or provide advice adapted to the investment needs of individual subscribers.

We are not registered with, nor regulated by, the U.S. Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), the Spanish Comisión Nacional del Mercado de Valores (CNMV), or any other securities regulator. If you need advice tailored to your individual circumstances, we recommend consulting a licensed financial advisor who is legally obligated to consider your personal situation.

What MonkScore™ measures — and what it doesn't

MonkScore™ is a statistical observation about historical similarity. A high score is not a recommendation to buy. A low score is not a recommendation to sell.

MonkScore™ measures how similar a company's current fundamentals are to those of companies that have historically outperformed the market. That's it. It describes what a company's fundamentals look like relative to past patterns. It does not predict future performance, and it does not constitute a recommendation for any action regarding any security.

There are things no algorithm can capture — management quality, regulatory shifts, geopolitical events, competitive disruption, or a CEO's surprise resignation. Sometimes the data simply isn't enough. MonkScore is a starting point for your own research, not the finish line.

Any investment in financial markets is subject to risks, including high volatility, the absence of profitability, and partial or total loss of the principal invested. Run away from anyone telling you otherwise.

Past performance does not guarantee future results

Every performance figure on MonkStreet comes from historical backtesting. These are hypothetical results — calculated with the benefit of hindsight.

All performance statistics referenced on MonkStreet are based on historical backtesting of MonkScore™ V3.3. These are hypothetical performance results prepared with the benefit of hindsight. They show what would have happened, not what will happen.

North American validation: 141,870 company-quarter records, 2000–2024, 99 quarterly cohorts across 6 distinct market regimes (dot-com crash, recovery, 2008 financial crisis, post-crisis bull market, 2018 rate selloff, COVID crash). Statistical significance: t = 9.20 (Newey-West corrected, 3 lags). Quarterly hit rate: 94.9%.

International confirmation: 192,761 company-quarter records across Europe, Asia Pacific, and Japan, 2015–2024. Statistical significance: t = 8.36 (Newey-West corrected, 3 lags). Quarterly hit rate: 100% (40/40 quarters).

Score-specific statistics (beat rates, median returns, and hit rates by score bracket) are calculated from the North American dataset, 2000–2020, covering 56,108 company-quarter observations where all three return horizons (1Y, 3Y, 5Y) are available.

S&P 500 benchmarks use total return including dividends.

Survivorship bias applies. Delisted companies are not included in the dataset. A partial correction is applied to beat rates (anchoring the market baseline to 40%), but raw return figures reflect only companies that survived through the measurement period. A portfolio holding delisted companies would have experienced different — likely worse — results.

All performance figures are gross of transaction costs, taxes, and fees unless otherwise stated. Accounting for these would reduce returns. A net-of-costs backtest produced $571,298 from $10,000 (vs $737,898 gross) over 2000–2024.

These hypothetical results cannot completely account for the impact of financial risk in actual trading, including the ability to withstand losses, liquidity constraints, slippage, and the behavioral challenges of following a systematic strategy through drawdowns. Different investors may experience materially different results.

We try to get the numbers right

Analyzing the fundamentals of thousands of companies every day is a challenge of colossal dimensions. We may get the numbers wrong sometimes.

Our information and analysis are based on sources and methods we believe to be reliable, but they may contain errors or omissions and we cannot warrant or guarantee their accuracy, completeness, timeliness, or reliability.

For that reason, you should verify any information before acting. Do not use our service, or any other for that matter, as the sole basis for your investment decisions.

We invest too — here's how we stay objective

As investors, we may hold positions in stocks that appear in our analysis. To avoid bias, we never make company-level adjustments to our scoring methodology.

The methodology applies equally to every company — including the ones we own. No score on MonkStreet has ever been influenced by our personal holdings. We believe that making manual adjustments would compromise the objectivity and accuracy of our analysis.

We occasionally publish qualitative analyses on MonkStreet, social media, and other platforms. Despite our best efforts for objectivity, qualitative analysis is inherently subject to unconscious biases. These biases can involuntarily influence how we interpret and evaluate information, and lead us to draw inaccurate or incomplete conclusions. We try to minimize these biases by following a structured process, using critical thinking, and seeking out different perspectives and sources. As with any opinion, please read them critically.

You're the captain of your portfolio

We built MonkStreet to help you make more informed decisions. But investing is deeply personal — your risk tolerance, timeline, and goals are yours alone.

All information, analysis, scores, and content provided through MonkStreet are offered "as is" and "as available," without any warranty of any kind, whether express or implied, including but not limited to warranties of accuracy, completeness, merchantability, fitness for a particular purpose, or non-infringement.

To the fullest extent permitted by applicable law, MonkStreet and its team, officers, directors, employees, and affiliates disclaim any and all liability for damages or losses — whether direct, indirect, incidental, consequential, or otherwise — arising from or in connection with the use of, reliance on, or inability to use our services, content, or analysis. This includes, without limitation, any investment losses, trading losses, or opportunity costs.

You acknowledge and agree that any investment decisions are made solely at your own risk and discretion. Nothing on MonkStreet creates a fiduciary, advisory, or any other professional relationship between MonkStreet and any user.

Do your own research, use multiple sources, and consider your personal situation before making any investment decision. Never invest money you can't afford to lose. And if something feels too good to be true, it probably is — even if it scores 100.

MonkStreet is not a registered investment advisor, broker-dealer, or financial planner under the laws of any jurisdiction. MonkStreet does not provide investment advice as defined under MiFID II (Directive 2014/65/EU) or the U.S. Investment Advisers Act of 1940. MonkScore™ is a proprietary quantitative scoring system. All rights reserved. This disclaimer is governed by the laws of Spain. For the avoidance of doubt, nothing on this platform or in this disclaimer creates a fiduciary, advisory, or professional-client relationship between MonkStreet and any user. Any disputes arising from or in connection with the use of MonkStreet shall be subject to the exclusive jurisdiction of the courts of Madrid, Spain, without prejudice to applicable mandatory consumer protection provisions in the user's country of residence.