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Last updated: 09/21/2017

Welcome to FundamentalSpeculation.io. By using this website ("Site"), you are agreeing to comply with and be bound by the following terms and conditions of use (the "Terms"), which together with our Privacy Policy govern the relationship between you and Vembar, LLC, provider of the Site. The terms "Provider" or "us" or "we" or "our" refer to the owner of the Site, Vembar, LLC, a limited liability company duly formed and existing under the laws of the State of Connecticut, whose registered office address is 33 Glenwood Avenue, Suite 1, Norwalk, CT 06854. The term "you" or "your" refers to any user or viewer of our Site.

Each and every time you use this Site you agree to be subject to and bound by the following Terms and Conditions of use:

1) We reserve the right, to modify, alter, update, and/or otherwise change these Terms at any time, and you agree to be bound by such modifications, alterations, updates, or changes. The date of the most recent version of these Terms is shown at the top of this Agreement. If you use the Site on or after that date, you agree to be bound by any and all such modifications, alterations, updates, and/or changes. If you do not agree to these Terms, you are not permitted to use the Site.

2) The content of the pages of the Site and other content (the "Content") available on the Site is for your general information and educational use only. It is subject to change without notice.

3) By accessing and using our Site, you agree that you are of or over the legal age to enter into a contract in the jurisdiction from which you are accessing the Site, but not less than eighteen (18) years of age. You also agree to be bound by the terms found in our Privacy Policy which can be accessed at this link: https://fundamentalspeculation.io/privacypolicy . If you are not of the legal age to enter into a contract in the jurisdiction from which you are accessing the Site and/or less than eighteen (18) years of age you are not permitted to use the Site. If it comes to our attention through reliable means that a user is under 18 years of age, then that user's account will be cancelled.

4) The materials and tools contained on the Site are provided as a service to you for your noncommercial, personal use on an "as is, as available" basis and may be used by you for informational and educational purposes only. You acknowledge that you are using the Content at your own risk. We assume no responsibility for errors or omissions in the Content. We make no commitment to update the information contained on the Site. Furthermore, We make no, and expressly disclaim any and all, representations or warranties, express or implied, regarding the Content, including without limitation the accuracy, completeness, or reliability of text, graphics, links, products and services, and other items accessed from or via the Site, or that use of the Site will be uninterrupted, error-free, or free of viruses or other harmful components. No advice or information given by Us or any other party on the Site shall create any warranty or liability.

5) The Content provided through the Site should be used for informational and educational purposes only and is not intended to provide tax, legal, insurance, investment, or financial advice, and the content is not intended to be a substitute for professional advice. Always seek the advice of a relevant professional with any questions about any health, legal, financial or other decision you are seeking to make. Finally, you should not rely solely on the information provided by the models on this site in making investment decisions, but you should consider this information in the context of all information available to you.

6) Nothing on the Site should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security. You alone are solely responsible for determining whether any investment, security or strategy, or any other product or service, is appropriate or suitable for you based on your investment objectives and personal and financial situation.

7) The Site provides two proprietary algorithms:

  • A Relative value model: We find a cohort of comparables closest to the target company in a large N-dimensional space of Fundamental Features. Fair Value levels are then computed using Relative Value Models tailored to the unique characteristics of each cohort. All characteristics used to cluster companies and determine fair value come from quarterly and annual financial reports from the companies. We have some more details at the following link:
  • https://fundamentalspeculation.io/model_rvm
  • Momentum Model: We have trained a Deep Neural Network on price action and volume data from 1996-2016 to look for patterns in price action that indicate a bullish/bearish bias in short term price movement. This is based purely on the trade volume and price action patterns and is NOT using any fundamental data or macro/company specific news. We have some more details at the following link:
  • https://fundamentalspeculation.io/model_momentum
  • We reserve the right to modify, add, or remove any model at any time without notice. Please be aware that the modification or addition of any model may produce result different from the results provided by any previous model.

8) You understand that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. You further understand that none of the bloggers, information providers, App providers, or their affiliates are advising you personally concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. To the extent that any of the content published on the Site may be deemed to be investment advice or recommendations in connection with a particular security, such information is impersonal and not tailored to the investment needs of any specific person. You understand that an investment in any security is subject to a number of risks, and that discussions of any security published on the Site will not contain a list or description of relevant risk factors. In addition, please note that some of the stocks about which content is published on the Site have a low market capitalization and/or insufficient public float. Such stocks are subject to more risk than stocks of larger companies, including greater volatility, lower liquidity and less publicly available information. Blogs, postings or content on the Site which may or may not be deemed by you to be recommendations may have an effect on their stock prices.

9) You understand that the models on this Site may produce results that from time to time differ from each other and/or from statements or opinions made elsewhere on the Site, or by Vembar, LLC, its members, employers, contractors, and/or agents. You understand and agree that, although we require all employees to disclose every stock in which they, their immediate family, or any entity under their control, have a personal interest, if such stock is mentioned online or through any other medium which is not controlled by us, then non-employees, or other content contributors or their affiliates may write about securities in which they or their firms have a position, and that they may trade for their own account, and that they may or may not be subject to a disclosure policy. In cases where Vembar, LLC, becomes aware that one of its employees has violated his or her disclosure obligation, we will take appropriate action. In addition, outside parties or content contributors may be subject to certain restrictions on trading for their own account. However, you understand and agree that at the time of any transaction that you make, one or more content contributors or their affiliates may have a position in the securities written about.

10) You understand that all company and performance data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that such calculations are not guaranteed by these sources, the information providers, or any other person or entity, and may not be complete.

11) From time to time, reference may be made on our Site to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or opinion, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

12) All content on the Site is presented only as of the date published or indicated, and may be superseded by subsequent market events or for other reasons. In addition, you are responsible for setting the cache settings on your browser to ensure you are receiving the most recent data.

13) No content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. The information on this site, and in its related communications, is not intended to be, nor does it constitute, investment advice or recommendations. In no event shall Vembar, LLC, be liable to any user, guest, or third party for any damages of any kind arising out of the use of any content or other material published or available on FundamentalSpeculation.io, or relating to the use of, or inability to use, FundamentalSpeculation.io or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. The information on this site is in no way guaranteed for completeness, accuracy or in any other way.

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15) All Content and other materials published on or in the Site are protected by copyright laws, and may not be reproduced, republished, distributed, transmitted, resold, displayed, broadcast, or otherwise exploited in any manner without Our express written permission or, in the case of content licensed by Us from third parties, the entity that is credited as the copyright holder of such licensed content. You may download freely accessible material (one copy per page) from the Site for your personal and noncommercial use only, without altering or removing any trademark, copyright, or other notice from such material; you must pay a fee to access that content which requires a fee for access. To request use of Content – other than personal, non-commercial use as described above – contact content@fundamentalspeculation.io to request specific, written authorization, which may require payment of a fee and may be granted or denied in Our sole discretion.

16) In the event you believe that any content posted on the Site infringes your copyright or other intellectual-property rights, you may notify Us by providing the information required by the Online Copyright Infringement Liability Limitation Action of the Digital Millennium Copyright Act, 17 U.S.C. 512, to Our Copyright Agent:

Attention: dmca@fundamentalspeculation.io

17) Access to the models contained on the Site is through subscriptions. Subscriptions include access to Content unavailable to other Users of the Site. When you signup as a new user, we create a promotional account for you and your card is not charged during this period. When the trial is about to expire, we send you an email alerting you that your card will be charged. You can cancel any time during the trial period to avoid charges; no questions asked. After your trial period, the following subscriptions are available:

  • We currently support recurring Monthly/Annual plans as well as one time Day/Week Passes. Pricing is available on your 'Account' page. Your card is charged at the beginning of a new period (monthly/annually or one time) based on the plan to which you are subscribed.
  • You can cancel any time during your subscription period. Your subscription will remain active till the end of the current period. Your card will not be charged going forward. If you wish to re-subscribe at a later date, just select your subscription plan and your account will be re-activated after your card is charged. Note the free trial is not applicable when you re-activate your account.
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Notwithstanding any provision of these Terms, if your jurisdiction has provisions specific to waiver or liability that conflict with the above then our liability is limited to the smallest extent possible by law. Specifically, in jurisdictions where it is not legally permitted, we do not disclaim liability for: (a) death or personal injury caused by its negligence or that of any of its officers, employees or agents; or (b) fraudulent misrepresentation; or (c) any liability which it is not lawful to exclude either now or in the future.

IF YOU ARE A RESIDENT OF A JURISDICTION THAT REQUIRES A SPECIFIC STATEMENT REGARDING RELEASE THEN THE FOLLOWING APPLIES. FOR EXAMPLE, CALIFORNIA RESIDENTS MUST, AS A CONDITION OF THIS AGREEMENT, WAIVE THE APPLICABILITY OF CALIFORNIA CIVIL CODE SECTION 1542, WHICH STATES, "A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR." YOU HEREBY WAIVE THIS, OR ANY SUBSTANTIALLY SIMILAR, SECTION OF THE CALIFORNIA CIVIL CODE. IF YOU DO NOT RESIDE IN THE STATE OF CALIFORNIA, YOU HEREBY WAIVE ANY SIMILAR PROVISION IN LAW, REGULATION, OR CODE THAT HAS THE SAME INTENT OR EFFECT AS THE AFOREMENTIONED SECTION OF THE CALIFORNIA CIVIL CODE.

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