What Does pnl Mean?

You may as well analyse the skewness and kurtosis in the interval PnL by using third and 4th moments of $Y_t$ respectively. Presumably you will conclude that for 2 sequence with equivalent expectation and variance, you can want the 1 with positive skew or decreased kurtosis, but perhaps not dependin
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15