DETAILS, FICTION AND PNL

Details, Fiction and pnl

You can even analyse the skewness and kurtosis in the period of time PnL by having 3rd and 4th moments of $Y_t$ respectively. Presumably you might conclude that for two series with similar expectation and variance, you can want the one with beneficial skew or decreased kurtosis, but it's possible not based on the self-assurance of the marketplace l

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