DETAILED NOTES ON PNL

Detailed Notes on pnl

You may also analyse the skewness and kurtosis from the interval PnL by taking 3rd and 4th times of $Y_t$ respectively. Presumably you will conclude that for two sequence with equivalent expectation and variance, you will choose the just one with favourable skew or reduce kurtosis, but possibly not depending upon the self esteem of the market look

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