DETAILED NOTES ON PNL

Detailed Notes on pnl

You may also analyse the skewness and kurtosis of the time period PnL by getting 3rd and 4th moments of $Y_t$ respectively. Presumably you might conclude that for two collection with identical expectation and variance, you may choose the one with favourable skew or decreased kurtosis, but perhaps not based on the assurance of the industry look at,

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