Flexshares Global Kurtosis

NFRA
 Etf
  

USD 46.31  1.15  2.42%   

Flexshares Global kurtosis technical analysis lookup allows you to check this and other technical indicators for Flexshares Global Broad or any other equities. You can select from a set of available technical indicators by clicking on the link to the right. Please note, not all equities are covered by this module due to inconsistencies in global equity categorizations and data normalization technicques. Please check also Equity Screeners to view more equity screening tools
  
Flexshares Global Broad has current Kurtosis of 0.247. Kurtosis is a measure of the return distribution. In a similar way to the concept of skewness, kurtosis is a descriptor of the shape of a return distribution. There are various interpretations of kurtosis, and of how particular measures should be interpreted; these are primarily peakedness (width of peak), tail weight, and lack of shoulders (distribution primarily peak and tails, not in between).
Kurtosis 
 = 
4PM 
STD4 
 = 
0.247
4PM = Forth upper moment
STD =   Standard Deviation of Flexshares Global

Flexshares Kurtosis Relative To Other Indicators

Flexshares Global Broad is regarded second largest ETF in kurtosis as compared to similar ETFs. It is currently under evaluation in maximum drawdown as compared to similar ETFs reporting about  19.35  of Maximum Drawdown per Kurtosis. The ratio of Maximum Drawdown to Kurtosis for Flexshares Global Broad is roughly  19.35 
A high kurtosis typically shows a distribution of returns with fat tails, whereas a low kurtosis portrays a distribution with skinny tails or a distribution concentrated toward the mean.
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