Leptokurtosis


Leptokurtosis

The condition of a probability density curve to have fatter tails and a higher peak at the mean than the normal distribution.

Leptokurtosis

A state in which the volatility of a security is itself not volatile. That is, lepkurtosis is a state in which the volatility of a security changes at a relatively low rate. This is shown on a chart by a distribution line with data points resembling fat tails and a higher mean, with an even distribution. See also: Kurtosis, Platykurtosis.