You may as well analyse the skewness and kurtosis with the time period PnL by getting third and 4th times of $Y_t$ respectively. Presumably you'll conclude that for 2 collection with similar expectation and variance, you will desire the one particular with constructive skew or decreased kurtosis, but perhaps not depending upon the self-assurance of

$begingroup$ In Fastened Profits, I realize that bonds PnL are evaluated according to where the price lies on value/yield curve at the conclusion of the working day, when compared to wherever it started off from at starting in the day.As practising Muslims, Islam is among their major creative influences. Within the song "Chang" from their 3rd alb