An analyst calculated the excess kurtosi...

题目

An analyst calculated the excess kurtosis of a stock’s returns as -0.75. From this information, we conclude that the distribution of returns is:

选项

A.normally distributed.

B.thin-tailed compared to the normal distribution.

C.fat-tailed compared to the normal distribution.

答案

B

解析

B is correct. The distribution is thin-tailed relative to the normal distribution because the excess kurtosis is less than zero.选项B是正确的。由于分布的超额峰度是小于0的，那么可以得出：该分布相对于正态分布是低峰的，即低峰瘦尾。