Coefficient of Kurtosis

You can easily calculate kurtosis in Excel using the Descriptive Statistics Calculator.

Coefficient of Kurtosis

The coefficient of kurtosis, or simply kurtosis, measures the peakedness of a distribution. High kurtosis means that values close to the mean are relatively more frequent and extreme values (very far from the mean) are also relatively more frequent. The values in between are relatively less frequent. If you plot a frequency histogram or another chart showing frequency of such distribution, it would have a sharp peak in the middle and fat tails.

A distribution with high coefficient of kurtosis

Conversely, low coefficient of kurtosis means that a distribution is less peaked and has thinner tails.

Coefficient of Kurtosis Formula

Coefficient of Kurtosis for a Population

Population kurtosis formula

Coefficient of Kurtosis for a Sample

Sample kurtosis formula
You can see a more detailed explanation of the formulas and their underlying logic here: Kurtosis Formula.

Excess Kurtosis

Kurtosis is often measured and quoted in the form of excess kurtosis, which is kurtosis relative to normal distribution. The coefficient of kurtosis for normal distribution is 3, therefore excess kurtosis equals coefficient of kurtosis less 3.

Calculate Kurtosis in Excel

Here you can see more information about calculating population and sample coefficient of kurtosis and excess kurtosis in Excel.

Here you can get an Excel Calculator of kurtosis, skewness, and other summary statistics.

Related pages

s&p 500 settlement pricetheta calculatorexcel formula variancehedge calculator2x s&p etfvix hedgewilders moving averagenormal density function excelderivation of black scholes modelblack scholes valueexcel exponential functionexcel formulas symbolsetn tickerblack scholes calculationoption straddle calculatorshort term vixs&p500 vixannualizehow to calculate rsi in stock marketput option profit calculatorwhat does a negative kurtosis meannotepad with colortrading thetaetf correlationstdev calculationinverse s&p 500 etfexcel sample formulasdax index methodologythe greeks in financesell put option graphhow do i buy the vixvariance calculator excelhedge fund tradersmeasures of variation calculatorhistorical volatility calculationhow to determine the strike price of an optionvega black scholesshort straddle optionyahoo market indicesoption trading bookcalculating sample size in exceloption greeks deltaexcel skewvix 3x etfuvxy etfrelative strength calculatorblack scholes with dividend calculatorstd deviation and variances&p vixsample population calculatorhedge fund definition exampleoption greeks formulanatural logarithm in excelweighted average cost of inventory formulafx volatility calculationcalculate sharp ratios p 500 index historical pricessample skewnessyahoo finance optionvix uvxydefinition of sharpe ratiostandard deviation calcyahoo stock futuresgreeks calculatorhedging with putsmeasures of kurtosisarithmetic percentagesvix 3xvega option greekcompute weighted average cost of capitalauc unitproshares ultra vix short term futuresblack scholes formulaharmonic mean excelpowershares etf listoptions futures and other derivatives 8thstock price volatility calculatorvix symbolubs etns