Certificate in Treasury Fundamentals and Leptokurtic frequency distribution: Difference between pages

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''Association of Corporate Treasurers - qualifications''
A leptokurtic frequency distribution (or leptokurtotic distribution) has a larger number of values clustered at the peak and in the tails, than a comparable normal distribution with the same variance and mean.


(CertTF).
A possible explanation for this shape is that the market under review is mean reverting for small market movements (explaining the clustering at the peak) and trending for large market movements (explaining the clustering in the tails).


The Certificate in Treasury Fundamentals has been designed by the Association of Corporate Treasurers (ACT) as the first step to building knowledge and expertise in treasury and corporate finance.
== See also ==
 
* [[Frequency distribution]]
 
* [[Leptokurtosis]]
For more information about the ACT's qualifications, follow the link below.
* [[Lognormal frequency distribution]]
* [[Mean reversion]]
* [[Normal distribution]]
* [[Normal frequency distribution]]
* [[Tail]]
* [[Trend analysis]]
* [[Volatility smile]]


[https://www.treasurers.org/professional-standards/qualifications ACT qualifications]
== See also ==
*[[Association of Corporate Treasurers]]
*[[Certificate in Treasury]]
*[[Diploma in Treasury Management]]
*[[CertICM]]
*[[MCT]]

Revision as of 14:19, 23 October 2012

A leptokurtic frequency distribution (or leptokurtotic distribution) has a larger number of values clustered at the peak and in the tails, than a comparable normal distribution with the same variance and mean.

A possible explanation for this shape is that the market under review is mean reverting for small market movements (explaining the clustering at the peak) and trending for large market movements (explaining the clustering in the tails).

See also


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