Portfolio risk and return analysis needed.

Portfolio Standard Deviation is 1.09% on an equal weight 2 index portfolio with Standard Deviation (sigma) 1.083% and 1.093%, respectively. The mean is 0.000494 and 0.000482, respectively. Kurtosis is 17.54361299 and 17.37084946, respectively. Skewness is -0.531337473 and -0.615153267, respectively.

In analysing portfolio risk and return, what does the portfolio std dev of 1.09% indicate? Is this a low return or is it volatile?

Further, is it correct that both have negative skewness, meaning there are numerous small positive returns and few large negative returns? Also is it correct that both have a high kurtosis, meaning there is a high probability of getting large negative rates of return.