You may also analyse the skewness and kurtosis of the period of time PnL by having 3rd and 4th moments of $Y_t$ respectively. Presumably you will conclude that for two collection with equivalent expectation and variance, you'll desire the 1 with favourable skew or decrease kurtosis, but it's possible not https://lorenzobinqv.spintheblog.com/34527635/5-simple-techniques-for-pnl