Highbridge Statistical Market Neutral Fund $($HSKAX$)$ is a quant long$-$short mutual fund. It seeks to $$provide long$-$term absolute $($positive$)$ returns in all market environments from a broadly diversified $30$portfolio of stocks while neutralizing the general risks associated with stock market investing.$$Analyze the daily returns of HSKAX from January $2006$ through July $2007.$ Compute daily standard deviations. Now examine the daily returns over August $2007.$ How unusually large are the returns of August $2007$ in terms of HSKAX$$s earlier daily volatility?