1. About these terms
QSG Research is a publication of Quantitative Strategies Group, LLC ("QSG," "we," "us," or "our"). These terms govern your use of qsgresearch.com and the research and examples made available on this website. By using the website, you agree to these terms. If you do not agree, do not use the website.
Our publication on Substack is also subject to the terms presented there. These website terms do not change an existing paid subscription agreement or override Substack's terms for its platform. Our Privacy Policy explains how we handle information and email preferences.
2. Research & investment risk
Our research is general, impersonal information for educational and informational purposes. It is not tailored to your portfolio, investment objectives, financial circumstances, experience, or risk tolerance. It is not personalized investment, legal, tax, or accounting advice, or an offer or recommendation to enter into a particular transaction.
Viewing this website or subscribing to the publication does not, by itself, establish a personalized investment advisory or fiduciary relationship with QSG. You are responsible for evaluating information and making your own decisions, with qualified professional advice where appropriate. Nothing in these terms removes an obligation imposed by applicable law.
Investing and trading involve risk, including loss of capital. Index-flow estimates, merger outcomes, event calendars, and other scenarios can differ materially from actual results. Historical examples and past results do not guarantee future outcomes.
3. Estimates & timeliness
Research may include models, assumptions, forecasts, estimates, and judgments. These may be wrong. Inputs may be incomplete, delayed, or inaccurate, and changes in assumptions can materially change an estimate. Estimated index flows are not confirmed orders or a promise of trading activity.
Information reflects its stated date or timestamp, or its publication date where no other date is given. Historical examples on this website are selected illustrations of our work, not live market data or a complete record of every research view. Unless required by law or an applicable agreement, we do not undertake to update every previously published item or notify every reader of a change.
Daily reports are compiled at the stated time and are not revised in place. Individual tables identify their own observation windows, timestamps and subsets. A blank means information is unavailable, not zero. Verify information you intend to rely on.
4. Positions & conflicts
QSG, its affiliates, and their personnel may hold or trade securities and related instruments discussed in our research. They may establish, increase, reduce, or close long or short positions before or after publication. Their positions or transactions may differ from, or be inconsistent with, a reader's interpretation of the research.
These interests can create conflicts. Research should not be treated as a report of current holdings, a statement of trading intentions, or an assurance that QSG will act consistently with a particular view. This disclosure does not waive any duty or disclosure requirement imposed by law.
5. Third-party information
Our work may draw on issuer filings, exchange and index-provider publications, market data, and other third-party sources. We do not independently verify every item and do not guarantee that these sources are accurate, complete, current, or continuously available.
Names, trademarks, indexes, and third-party content belong to their respective owners. References and links do not, by themselves, indicate sponsorship, endorsement, or affiliation. External websites have their own terms and privacy practices.
QSG compiles the research and develops its own selection, arrangement, estimates and models. Company results, official statistics and third-party consensus figures are identified as such where used. Commentary and analysis should not be interpreted as QSG’s or any individual trader’s current trading view, position or recommendation.
6. Using our work
QSG or its licensors retain rights in original research text, original tables and compilations, models, workbooks, graphics, and other protected material. This does not give QSG ownership of underlying facts, public information, or third-party material.
You may access this website for your own research and informational use. Except as permitted by law, your subscription or license, Substack's authorized sharing features, or QSG's written permission, you may not reproduce, republish, resell, systematically scrape, or commercially redistribute protected QSG material. Do not bypass access controls or remove attribution or rights notices.
You may link to our public pages. For team access, republication, data licensing, or other permissions, contact will@qsgresearch.com.
7. Subscriptions, cancellation & refunds
Subscriptions are offered and managed through QSG Research on Substack. This website does not collect subscription payments. Review the price, billing interval, included access, and any offer-specific terms shown before you subscribe, together with Substack's Terms of Use.
Monthly and annual paid subscriptions generally renew automatically unless canceled before renewal. Manage or cancel your subscription through your Substack subscription settings; see Substack's cancellation instructions. Changing email delivery preferences does not necessarily cancel a paid subscription.
For a QSG refund request or billing question, contact will@qsgresearch.com. Refund eligibility depends on the terms of your purchase, applicable law, and the relevant platform rules. See Substack's refund policy, including its provisions for purchases through Apple's App Store. These terms do not restrict any refund or cancellation right you have under law or the applicable purchase terms.
8. Warranties & liability
To the extent permitted by law, the website and its materials are provided "as is" and "as available," without express or implied warranties, including warranties of accuracy, completeness, merchantability, fitness for a particular purpose, or uninterrupted availability. We do not guarantee any investment result.
To the extent permitted by law, QSG, its affiliates, and their personnel will not be liable for indirect, incidental, special, or consequential losses arising from use of, or inability to use, the website or its materials, including lost profits, lost opportunities, trading losses, or lost data within those categories.
These limitations do not exclude or limit liability for fraud, willful misconduct, gross negligence, or any liability that cannot lawfully be excluded or limited. Nothing here waives rights or remedies that cannot be waived under applicable law, including applicable securities and consumer-protection laws.
9. Governing law
These website terms are governed by New York law, without regard to its conflict-of-law rules, and applicable federal law. Subject to any mandatory rights or jurisdiction rules that apply to you, disputes about these website terms may be brought in the state or federal courts in New York, New York. This provision does not replace the terms governing a separate agreement or Substack's platform.
If a provision is unenforceable, the remaining provisions continue to apply to the extent permitted by law. A failure to enforce a provision on one occasion does not waive the right to enforce it later.
10. Changes & contact
We may revise these terms and will show the effective date on this page. Changes apply prospectively. Where required, we will provide additional notice or obtain consent; posting a revision does not retroactively change an existing subscription agreement.
For questions, corrections, or permission requests, contact Quantitative Strategies Group, LLC / QSG Research at will@qsgresearch.com.