|
 |
Investing Glossary:
Kurtosis.
Copyright 2010,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
- K -
| Term: |
|
| Definition: |
| Measures the fatness of the tails of a Probability distribution. A fat-tailed Distribution has higher-than-normal chances of a big positive or negative realization. Kurtosis should not be confused with skewness, which measures the fatness of one tail. Kurtosis is sometimes referred to as the volatility of volatility.
|
|
|
| |
|
