Kurtosis
A statistical measure used to describe the distribution of observed data around the mean.
It is sometimes referred to as the "volatility of volatility." Investopedia Says:
Used generally in the statistical field, kurtosis describes trends in charts. A high kurtosis portrays a chart with fat tails and a low, even distribution, whereas a low kurtosis portrays a chart with skinny tails and a distribution concentrated toward the mean. Related Terms:
Leptokurtic
Non-Sampling Error
Normal Distribution
Platykurtic
Probability Density Function - PDF
Runs Test
Sharpe Ratio
Skewness
Tail Risk |