Kurtosis
Statistic measuring probability or relative frequency of extreme values in a distribution.
In finance, higher kurtosis indicates that extreme moves (to either side) are more likely, justifying higher prices of out-of-the-money options.
Statistic measuring probability or relative frequency of extreme values in a distribution.
In finance, higher kurtosis indicates that extreme moves (to either side) are more likely, justifying higher prices of out-of-the-money options.