Contest Rules

1. Eligibility

The contest is open to anyone who wants his or her university tuition fees covered at any U.S. or Canadian university. The contestant must be of legal age depending on their respective state (check your eligibility here). There is no fee to enter the Contest.

2. Sponsor

The Contest is sponsored by StockMetrix Financial Limited (StockMetrix), located at Unit 3d, North Point House, North Point Business Park, New Mallow Road, Cork, T23 AT2P, Ireland. Neither Apple Inc. nor Alphabet Inc. is involved with the contest in any way. Hence, they do not sponsor it.

3. Agreement to Official Rules

Participation in the Contest constitutes entrant's full and unconditional agreement to and acceptance of these Official Rules and the decisions of the Sponsor, which are final and binding. Winning is contingent upon being compliant with these Official Rules and fulfilling all other requirements set forth herein.

4. Definitions

An indicator is a variable that assesses a particular factor's impact on the stock price (it can be either negative or positive). StockMetrix indicators cover a wide range of such factors that may affect the stock price movement, such as Macroeconomic factors, Financial factors, and many others.

A strategy is a combination of different indicators with importance allocated to them in the form of weights.

A backtest is a trading simulation that uses historical stock prices. Buy and Sell orders in the simulation are based on the Bullish and Bearish signals given by the tested strategy/indicator using the End of the day share prices.

VTI Index is the Vanguard Total Stock Market ETF that tracks a capitalization-weighted index which measures the investable US equities market while encompassing the entire market-capitalization spectrum.

5. Contest Period

Backtest submission period would run until we reach the number of 15,000 contestants.

After this, the "Assessment period" will start. The submitted strategies will be tested for the ability to give accurate signals for the movement of a particular stock that the user tested it upon. Entries that are submitted in the Assessment period will be disqualified.

The contest is going to take place only when the number of participants reaches 15 000.

6. How to Enter

Enter the Contest by using the StockMetrix mobile application, also called StockMetrix: multi-factor stock analysis in Google Play market and StockMetrix in the App Store digital distribution platforms (hereinafter "the App").

The following steps have to be taken:

  • i. Download the App from Google Play or App Store;
  • ii. Fill out a short form in the App by providing your legal name and the name of your university (college);
  • iii. Run and submit a Backtest;
  • iv. Publish one post in any of your social media accounts (either Facebook, Twitter, or Instagram) that you have entered the StockMetrix Scholarship Contest using the following hashtag: #StockMetrixScholarship.

7. Prize Drawing

The strategies used in the submitted backtests will be assessed for their ability to give an accurate signal (earn the highest annual return) prior to that particular stock's (the stock submitted with the backtest) movement during the Assessment period.

Participants can submit an unlimited number of backtests, yet the last one submitted will be used in the competition. The strategy that earns the highest net gain and outperforms the VTI index will be awarded the prize.

8. Prize

The prize is a payment for the winner's tuition fee for one academic year (either 2018/19 or 2019/20) at their university or college. The overall prize amount covers total tuition fee less any university discounts/other scholarships held by the winner. It will be paid according to the student ID (shall match with the previously mentioned legal name) and university name provided by the Participant in the filled out entry form. The tuition fee will be paid in tranches throughout the year and transferred directly to the university, in compliance with the respective university rules. If the contestant's tuition fees are already paid for, then appropriate confirmation of this has to be provided. In such case, the corresponding amount will be transferred to his/her bank account in tranches throughout the year.

9. Winner Notification

The Sponsor will notify the winner via the phone number and email address provided in the App. The latter has to provide any requested information to confirm his/her identity and full-time student status. Please make sure that you have entered your email address in your StockMetrix profile.

The winner agrees to give his/her permission to the contest sponsor to share any media contents through various offline/online social media, including, but not limited to, any video/phone interviews with the winner, photos/banners with the winner, for advertising purposes.

10. General Conditions

If the operation, security, or administration of the Contest is impaired in any way or for any reason, including, but not limited to, a fraud, a virus, a bug, a worm, unauthorized human intervention or any other technical problem. Also, in the event the Contest cannot be run as planned for any other reason, as determined by the Sponsor at their sole discretion, the Sponsor may, at their sole discretion, either (a) suspend the Contest to address the impairment and then resume the Contest in a manner that best conforms to the spirit of these Official Rules or (b) terminate the Contest and, in the event of termination, award the prize randomly from among the eligible, non-suspicious entries received up until the time of the impairment. The Sponsor reserves the right at their sole discretion to disqualify any individual they find to be tampering with the entry process or the operation of the Contest or acting in violation of these Official Rules or an unsportsmanlike and disruptive manner. Any attempt by any person to damage StockMetrix software application or undermine the legitimate operation of the Contest may be a violation of the criminal and civil law. Should such an attempt take place, the Sponsor reserves the right to seek damages (including attorney's fees) and any other remedies from any such person to the fullest extent that is permitted by law. Sponsor's failure to enforce any provision of these Official Rules shall not constitute a waiver of that provision.

11. Release and Limitations of Liability

By participating in the Contest, entrants agree to release and hold harmless the Sponsor, each of their respective parents, subsidiaries, affiliates, advertising and promotion agencies, other companies associated with the Contest, and each of their respective officers, directors, employees, shareholders, representatives, and agents (the Released Parties) from and against any claim or cause of action arising from the participation in the Contest or receipt and use of the prize (including any travel or activity related thereto). This includes, but is not limited to: (a) any technical errors associated with the Contest, including the lost, interrupted or unavailable Internet Service Provider (ISP), network, server, wireless service provider, or other connections, availability, accessibility, miscommunications or failed computer, satellite, telephone, cellular tower or cable transmissions, lines, or technical failure or jumbled, scrambled, delayed, or misdirected transmissions or computer hardware or software malfunctions, failures or difficulties; (b) unauthorized human intervention in the Contest; (c) mechanical, network, electronic, computer, human, printing or typographical errors; (d) application downloads, (e) any other errors or problems related to the Contest, including, without limitation, errors that may occur during the administration of the Contest, the announcement of the winner, the cancellation or postponement of the event and/or the flyover, and if applicable, the incorrect downloading of the application, the processing of entries application downloads or in any Contest-related materials; or (f) injury, death, losses or damages of any kind, to persons or property which may be caused, directly or indirectly, in whole or in part, by the entrants' participation in the Contest or acceptance, receipt or misuse of the prize (including any travel or activity related thereto). Entrant further agrees that in any cause of action, the Released Parties liability will be limited to the cost of entering and participating in the Contest, and in no event shall the entrant be entitled to receive attorney's fees. Released Parties are also not responsible for any incorrect or inaccurate information, whether caused by site users, tampering, hacking, or any equipment or programming associated with or utilized in the Contest. Entrant waives the right to claim any damages whatsoever, including, but not limited to, punitive, consequential, direct, or indirect damages.

12. Disputes

Except where prohibited, each entrant agrees with the fact that any and all disputes, claims and causes of action arising from, or connected with, the Contest or any prize awarded shall be resolved individually, without the resort to any form of class action, and exclusively by the appropriate courts of Ireland. All issues and questions concerning the construction, validity, interpretation and enforceability of these Official Rules, entrants rights and obligations, or the rights and obligations of the Sponsor related to the Contest shall be governed by, and construed in accordance with, the laws of Ireland, without giving effect to any choice of law or conflict of law rules, which would cause the application of the laws of any jurisdiction other than Ireland.

13. Change of your legal name and/or the name of University

If you wish to change your legal name or the name of the university in your contest profile, please contact us at smscholarship@stockmetrix.net. You have to provide a valid reason for your amendments. Only minor changes such as the correction of a misspelled name will be accepted. Please make sure that the email you are using to contact us is the same that you have indicated in your StockMetrix profile.

14. Privacy and Terms of Service

Information collected from entrants is subject to Sponsor's privacy policy. Contest terms are also subject to the StockMetrix terms of service.

StockMetrix is constantly improving and fixing its indicators. Hence, there may be changes made to how the indicators work, affecting the signals they currently give and historical signals they have already given. In cases of significant changes, indicator’s historical signals can be replaced with the corrected ones. StockMetrix analyses the data that is available at the time the analysis is made. In cases when the data is corrected, restated or changed in some way by the data provider, StockMetrix reserves the right to correct its previously made signals and rewrite them in its database. Hence, when backtesting, contestants should keep in mind that some data can be restated, and StockMetrix will then use the new data to correct the historical signals. This might change the results of previously performed backtests. You are welcome to contact us at contactus@stockmetrix.net if you find any bugs related to the StockMetrix application or the StockMetrix Scholarship Contest.