HELPING THE OTHERS REALIZE THE ADVANTAGES OF PNL

You may as well analyse the skewness and kurtosis from the interval PnL by using third and 4th times of $Y_t$ respectively. Presumably you are going to conclude that for 2 series with equivalent expectation and variance, you are going to desire the 1 with favourable skew or reduce kurtosis, but probably not dependant upon the self-confidence of the