An analyst gathered the following information about the return distributions for two portfolios during the same time period:
|
Portfolio
|
Skewness
|
Kurtosis
|
|
A
|
-1.6
|
1.9
|
|
B
|
0.8
|
3.2
|
The analyst states that the distribution for Portfolio A is more peaked than a normal distribution and that the distribution for Portfolio B has a long tail on the left side of the distribution. Which of the following is correct?
A. The analyst's assessment is correct
B. The analyst's assessment is correct for Portfolio A and incorrect for Portfolio B
C. The analyst's assessment is not correct for Portfolio A but is correct for Portfolio B
D. The analyst's assessment is incorrect for both portfolios