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


trading the macdoptions calchow to calculate root in excelvolatility calculation formulamacd 2 linecalculating volatility of a stocklifo fifo and weighted averagevix backwardationnormsdist formulamacd momentumstd deviation definitionpopulation covariance formulawhat does cboe stand forannualization calculatorarbitrage trading definitionstandard deviation formula on excelwhat are the components of waccgeometric mean formula excelproshares short vix short term futures etfgamma function in excelmedian calculator exceltheta financecalculate square root in excelformula for coefficient of variation in excelcboe intradayformula of average deviationdifference between variance and volatilityexcel variance formulawaac formulatheta black scholescalculating standard deviation on excelexcel var formulathinkback thinkorswimlong short equity hedge fundsmacd parametersbearish vs bullishcalculating covariance examplestandard error of skewnessipathetnexcel formulas symbolsvxx us equityexcel gamma functionexcel norm distcalculators with negativesblack scholes in exceldividing big numbers without a calculatoroption payoff chartharmonic mean calculatorannualized formula in exceldividends yield formulacboe volatility index vixwhat is standard deviation in mathsstd deviation formulaput option payoffsquare root multiplierbarclays ipathhow to calculate standard deviation excelsample variance formula in excelhow to put standard deviation in excelmacd emavariance and standard deviation in financemomentum indicator formulapro shares ultra shortcontract multiplier futuresblack schole calculatorsq root of 12vix index historical dataipath s&p 500 vixhow to use normdist in excelcalculate sharpe ratio exceldifference between arbitrage and hedgingwhat is kurtosis in statisticsblack scholes options calculator