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Investing Glossary:
Excess kurtosis
Copyright 2010,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Definition: |
| Kurtosis measures the "fatness" of the tails of a distribution. Excess kurtosis means that Distribution has fatter tails than a normal distribution. Fat tails means there is a higher than normal Probability of big positive and negative returns realizations.
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