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Leptokurtic distributions can be involved when analyzing value at risk (VaR) probabilities. A normal distribution of VaR can provide stronger result expectations because it includes

Leptokurtic distributions can be involved when analyzing value at risk (VaR) probabilities. Anormal distributionof VaR can provide stronger result expectations because it includes up to three kurtoses. In general, the fewer the kurtosis and the greater the confidence within each, the more reliable and safer a value at risk distribution is.

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