FASCINATION ABOUT PNL

$begingroup$ In Fixed Income, I understand that bonds PnL are evaluated depending on where the worth lies on price tag/produce curve at the end of the working day, in comparison with wherever it commenced from at beginning on the day.$begingroup$ In the event you have a look at just a single illustration, it may appear to be the frequency of hedgin

You can also analyse the skewness and kurtosis from the interval PnL by using third and 4th times of $Y_t$ respectively. Presumably you might conclude that for two sequence with equivalent expectation and variance, you'll desire the a person with optimistic skew or decrease kurtosis, but perhaps not depending on the self confidence of the marketpla