It's also possible to analyse the skewness and kurtosis with the period PnL by taking third and 4th moments of $Y_t$ respectively. Presumably you are going to conclude that for 2 collection with identical expectation and variance, you might prefer the one particular with favourable skew or lower kurtosis, but https://trevoreyrhn.dsiblogger.com/67132804/pnl-can-be-fun-for-anyone