Term of Focus - Kurtosis
KurtosisIn probability theory and statistics, kurtosis (from the Greek word kurtos, meaning bulging) is a measure of the "peakedness" of the probability distribution of a real-valued random variable. Higher kurtosis means more of the variance is due to infrequent extreme deviations, as opposed to frequent modestly-sized deviations. |
| Hedge Fund Glossary
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KurtosisIn probability theory and statistics, kurtosis (from the Greek word kurtos, meaning bulging) is a measure of the "peakedness" of the probability distribution of a real-valued random variable. Higher kurtosis means more of the variance is due to infrequent extreme deviations, as opposed to frequent modestly-sized deviations.
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