ALL 资产分析 - DOR 信号与波动率

Quick 总览

Timeframe	C-C DoR σ (Historical)	H-L DoR σ (Historical)	O-C DoR σ (Historical)	5Y ATRP (Avg)	Binomial IV (Period)	Yahoo IV (Period)	1σ 低er (68.27%)	1σ Upper	2σ 低er (95.45%)	2σ Upper
日度	1.89%	1.78%	1.65%	2.23%	1.53%	1.67%	209.65	216.16	206.46	219.50
周度	3.88%	4.58%	3.85%	5.26%	3.37%	3.68%	205.83	220.18	199.01	227.72
月度	7.34%	10.01%	8.13%	11.22%	7.01%	7.66%	198.46	228.35	185.02	244.94
季度	11.24%	15.87%	11.93%	17.77%	12.15%	13.26%	188.53	240.38	166.96	271.43
Annual	—	—	—	—	24.30%	26.53%	166.96	271.43	130.94	346.08
Option Time Horizon	—	—	—	—	9.26%	10.11%	194.05	233.53	176.89	256.19

Calculation Notes: Computed at 2026-04-26T02:45 UTC | Reference Contract: Call option expiring 2026-06-18 (53 days) | Spot 价格 (S): $212.88 | Strike (K): $220.00 (first OTM call ≥ spot) | Observed Mid-价格: $5.1500 (Bid $4.6000 / Ask $5.7000) | Risk-Free Rate (r): 3.69% (1-Month CMT, US Treasury) | Dividend Yield (q): 1.85% | Binomial IV (Annual): 24.30% (CRR binomial tree, American, n=20 steps) | BS IV: 24.39% (European Black-Scholes) | Yahoo IV (Annual): 26.53% → period-scaled as σ_period = σ_annual·√h | 价格 bands: Upper = S·e^+σ√h, 低er = S·e^−σ√h

Historical Dividend Payouts

Ex-Dividend Date	Amount
2026-03-02	$1.0800
2025-12-01	$1.0000
2025-08-29	$1.0000
2025-06-09	$1.0000
2025-03-10	$1.0000
2024-11-29	$0.9200
2024-08-30	$0.9200
2024-05-31	$0.9200
2024-03-01	$0.9200
2023-11-29	$0.8900
2023-08-30	$0.8900
2023-06-01	$0.8900
2023-02-27	$0.8900
2022-11-29	$0.8500
2022-08-30	$0.8500
2022-06-02	$0.8500
2022-02-25	$0.8500
2021-11-29	$0.8100
2021-08-30	$0.8100
2021-06-03	$0.8100
2021-03-03	$0.8100
2020-11-27	$0.5400
2020-08-27	$0.5400
2020-05-28	$0.5400
2020-02-28	$0.5400
2019-11-27	$0.5000
2019-08-29	$0.5000
2019-05-30	$0.5000
2019-02-27	$0.5000
2018-11-29	$0.4600
2018-08-30	$0.4600
2018-05-30	$0.4600
2018-03-02	$0.4600
2017-11-29	$0.3700
2017-08-29	$0.3700
2017-06-01	$0.3700
2017-02-24	$0.3700
2016-11-28	$0.3300
2016-08-29	$0.3300
2016-06-01	$0.3300
2016-02-25	$0.3300
2015-11-25	$0.3000
2015-08-27	$0.3000
2015-05-27	$0.3000
2015-02-26	$0.3000
2014-11-25	$0.2800
2014-08-27	$0.2800
2014-05-28	$0.2800
2014-02-27	$0.2800
2013-11-26	$0.2500
2013-08-28	$0.2500
2013-05-29	$0.2500
2013-02-26	$0.2500
2012-11-28	$0.2200
2012-08-29	$0.2200
2012-05-30	$0.2200
2012-03-01	$0.2200
2011-11-28	$0.2100
2011-08-29	$0.2100
2011-05-26	$0.2100
2011-03-09	$0.2100
2010-11-26	$0.2000
2010-08-27	$0.2000
2010-05-26	$0.2000
2010-03-10	$0.2000
2009-11-25	$0.2000
2009-08-27	$0.2000
2009-05-27	$0.2000
2009-03-11	$0.2000
2008-11-25	$0.4100
2008-08-27	$0.4100
2008-05-28	$0.4100
2008-03-12	$0.4100
2007-11-28	$0.3800
2007-08-29	$0.3800
2007-05-30	$0.3800
2007-03-07	$0.3800
2006-11-28	$0.3500
2006-08-29	$0.3500
2006-05-26	$0.3500
2006-03-08	$0.3500
2005-11-28	$0.3200
2005-08-29	$0.3200
2005-05-26	$0.3200
2005-03-09	$0.3200
2004-11-26	$0.2800
2004-08-27	$0.2800
2004-05-26	$0.2800
2004-02-25	$0.2800
2003-11-25	$0.2400
2003-08-27	$0.2300
2003-05-28	$0.2300
2003-02-26	$0.2300
2002-11-26	$0.2100
2002-08-28	$0.2100
2002-05-29	$0.2100
2002-02-26	$0.2100
2001-11-28	$0.1900
2001-08-29	$0.1900
2001-05-29	$0.1900
2001-02-26	$0.1900
2000-11-28	$0.1700
2000-08-29	$0.1700
2000-05-26	$0.1700
2000-02-25	$0.1700
1999-11-26	$0.1500
1999-08-27	$0.1500
1999-05-26	$0.1500
1999-02-24	$0.1500
1998-11-25	$0.1350
1998-08-27	$0.1350
1998-05-27	$0.1350
1998-02-25	$0.1350
1997-11-24	$0.1200
1997-08-27	$0.1200
1997-05-28	$0.1200
1997-02-26	$0.1200
1996-11-25	$0.1060
1996-08-28	$0.1060
1996-05-29	$0.1060
1996-02-27	$0.1060
1995-11-28	$0.0975
1995-08-17	$0.0975
1995-06-02	$0.0975
1995-03-03	$0.0975
1994-12-02	$0.0900
1994-09-01	$0.0900
1994-06-02	$0.0900
1994-03-14	$0.0900
1993-12-02	$0.0900
1993-09-09	$0.0900

收盘-to-收盘收益

Gram-Charlier Analysis: Data reveals Fairly Symmetrical with a 偏度 factor of -0.16. Further, an Excess 峰度 of 16.85 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	频率	Prob	Cum. Prob
Less than -5.61%	74	0.89%	0.89%
-5.61% to -4.19%	59	0.71%	1.61%
-4.19% to -2.77%	199	2.40%	4.01%
-2.77% to -1.36%	865	10.45%	14.46%
-1.36% to 0.06%	2997	36.20%	50.66%
0.06% to 1.48%	2920	35.27%	85.93%
1.48% to 2.89%	786	9.49%	95.42%
2.89% to 4.31%	234	2.83%	98.25%
4.31% to 5.72%	78	0.94%	99.19%
Greater than 5.72%	67	0.81%	100.00%

Standard Deviation Interval Analysis

SD	低er Bnd	Upper Bnd	Actual %	Normal %
±1σ	-1.83%	1.95%	81.54%	68.27%
±2σ	-3.72%	3.83%	95.47%	95.45%
±3σ	-5.60%	5.72%	98.30%	99.73%

Descriptive Statistics

均值	0.059%
Standard Error	0.021%
中位数	0.038%
Mode	0.000%
Standard Deviation	1.888%
Sample Variance	3.565%
峰度	16.85
偏度	-0.16
Range	42.866%
Minimum	-21.179%
Maximum	21.687%
Count	8279

频率 Breakdown

分类	Avg 收益	Count	概率	Freq Adj 收益
正向	1.254%	4208	50.83%	0.637%
负向	-1.233%	3882	46.89%	-0.578%
Zero	0.000%	189	2.28%	0.000%

Average True Range Percentage (ATRP)

Trading Days	Horizon	Average 日度 True Range %
5	1 Week	1.79%
20	1 Month	2.18%
60	1 Quarter	2.33%
250	1 Year	2.04%
750	3 Years	2.12%
1,250	5 Years	2.23%
2,500	10 Years	2.02%
5,000	20 Years	2.18%
12,500	50 Years	2.30%

高-to-低收益

Gram-Charlier Analysis: Data reveals 高ly Right Skewed (Extreme 正向 Tail Risk) with a 偏度 factor of 4.72. Further, an Excess 峰度 of 44.08 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	频率	Prob	Cum. Prob
Less than -3.14%	0	0.00%	0.00%
-3.14% to -1.80%	0	0.00%	0.00%
-1.80% to -0.47%	0	0.00%	0.00%
-0.47% to 0.86%	692	8.36%	8.36%
0.86% to 2.19%	4801	57.98%	66.34%
2.19% to 3.53%	1768	21.35%	87.69%
3.53% to 4.86%	571	6.90%	94.59%
4.86% to 6.20%	208	2.51%	97.10%
6.20% to 7.53%	82	0.99%	98.09%
Greater than 7.53%	158	1.91%	100.00%

Standard Deviation Interval Analysis

SD	低er Bnd	Upper Bnd	Actual %	Normal %
±1σ	0.42%	3.97%	90.69%	68.27%
±2σ	-1.36%	5.75%	96.40%	95.45%
±3σ	-3.14%	7.53%	98.09%	99.73%

Descriptive Statistics

均值	2.195%
Standard Error	0.020%
中位数	1.715%
Mode	1.575%
Standard Deviation	1.778%
Sample Variance	3.161%
峰度	44.08
偏度	4.72
Range	34.469%
Minimum	0.327%
Maximum	34.796%
Count	8280

频率 Breakdown

分类	Avg 收益	Count	概率	Freq Adj 收益
正向	2.195%	8280	100.00%	2.195%
负向	0.000%	0	0.00%	0.000%
Zero	0.000%	0	0.00%	0.000%

开盘-to-收盘收益

Gram-Charlier Analysis: Data reveals Right Skewed (正向 Asymmetry) with a 偏度 factor of 0.70. Further, an Excess 峰度 of 22.34 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	频率	Prob	Cum. Prob
Less than -4.98%	65	0.79%	0.79%
-4.98% to -3.74%	68	0.82%	1.61%
-3.74% to -2.50%	227	2.74%	4.35%
-2.50% to -1.26%	845	10.21%	14.55%
-1.26% to -0.02%	2877	34.75%	49.30%
-0.02% to 1.22%	2994	36.16%	85.46%
1.22% to 2.46%	841	10.16%	95.62%
2.46% to 3.69%	243	2.93%	98.55%
3.69% to 4.93%	59	0.71%	99.26%
Greater than 4.93%	61	0.74%	100.00%

Standard Deviation Interval Analysis

SD	低er Bnd	Upper Bnd	Actual %	Normal %
±1σ	-1.67%	1.63%	80.79%	68.27%
±2σ	-3.33%	3.28%	95.82%	95.45%
±3σ	-4.98%	4.93%	98.48%	99.73%

Descriptive Statistics

均值	-0.022%
Standard Error	0.018%
中位数	0.000%
Mode	0.000%
Standard Deviation	1.652%
Sample Variance	2.728%
峰度	22.34
偏度	0.70
Range	42.606%
Minimum	-17.105%
Maximum	25.501%
Count	8280

频率 Breakdown

分类	Avg 收益	Count	概率	Freq Adj 收益
正向	1.101%	3946	47.66%	0.525%
负向	-1.101%	4116	49.71%	-0.547%
Zero	0.000%	218	2.63%	0.000%

收盘-to-收盘收益

Gram-Charlier Analysis: Data reveals Fairly Symmetrical with a 偏度 factor of 0.07. Further, an Excess 峰度 of 9.01 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	频率	Prob	Cum. Prob
Less than -11.37%	17	0.99%	0.99%
-11.37% to -8.46%	19	1.11%	2.10%
-8.46% to -5.55%	42	2.45%	4.55%
-5.55% to -2.63%	179	10.43%	14.98%
-2.63% to 0.28%	581	33.86%	48.83%
0.28% to 3.19%	615	35.84%	84.67%
3.19% to 6.10%	188	10.96%	95.63%
6.10% to 9.02%	50	2.91%	98.54%
9.02% to 11.93%	11	0.64%	99.18%
Greater than 11.93%	14	0.82%	100.00%

Standard Deviation Interval Analysis

SD	低er Bnd	Upper Bnd	Actual %	Normal %
±1σ	-3.60%	4.16%	79.90%	68.27%
±2σ	-7.49%	8.04%	95.63%	95.45%
±3σ	-11.37%	11.93%	98.19%	99.73%

Descriptive Statistics

均值	0.278%
Standard Error	0.094%
中位数	0.341%
Mode	0.000%
Standard Deviation	3.883%
Sample Variance	15.081%
峰度	9.01
偏度	0.07
Range	52.681%
Minimum	-23.444%
Maximum	29.237%
Count	1716

频率 Breakdown

分类	Avg 收益	Count	概率	Freq Adj 收益
正向	2.639%	938	54.66%	1.443%
负向	-2.612%	765	44.58%	-1.164%
Zero	0.000%	13	0.76%	0.000%

Average True Range Percentage (ATRP)

Weeks	Horizon	Average 周度 True Range %
4	1 Month	3.27%
12	1 Quarter	4.52%
52	1 Year	4.60%
156	3 Years	4.99%
260	5 Years	5.26%
520	10 Years	4.67%
1,040	20 Years	4.95%
2,600	50 Years	5.26%

高-to-低收益

Gram-Charlier Analysis: Data reveals 高ly Right Skewed (Extreme 正向 Tail Risk) with a 偏度 factor of 5.60. Further, an Excess 峰度 of 60.24 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	频率	Prob	Cum. Prob
Less than -8.28%	0	0.00%	0.00%
-8.28% to -4.85%	0	0.00%	0.00%
-4.85% to -1.42%	0	0.00%	0.00%
-1.42% to 2.02%	117	6.81%	6.81%
2.02% to 5.45%	1024	59.64%	66.45%
5.45% to 8.88%	373	21.72%	88.18%
8.88% to 12.31%	125	7.28%	95.46%
12.31% to 15.74%	30	1.75%	97.20%
15.74% to 19.17%	18	1.05%	98.25%
Greater than 19.17%	30	1.75%	100.00%

Standard Deviation Interval Analysis

SD	低er Bnd	Upper Bnd	Actual %	Normal %
±1σ	0.87%	10.02%	91.85%	68.27%
±2σ	-3.70%	14.60%	96.74%	95.45%
±3σ	-8.28%	19.17%	98.25%	99.73%

Descriptive Statistics

均值	5.448%
Standard Error	0.110%
中位数	4.313%
Mode	2.139%
Standard Deviation	4.575%
Sample Variance	20.931%
峰度	60.24
偏度	5.60
Range	80.961%
Minimum	0.741%
Maximum	81.702%
Count	1717

频率 Breakdown

分类	Avg 收益	Count	概率	Freq Adj 收益
正向	5.448%	1717	100.00%	5.448%
负向	0.000%	0	0.00%	0.000%
Zero	0.000%	0	0.00%	0.000%

开盘-to-收盘收益

Gram-Charlier Analysis: Data reveals 高ly Right Skewed (Extreme 正向 Tail Risk) with a 偏度 factor of 1.17. Further, an Excess 峰度 of 10.27 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	频率	Prob	Cum. Prob
Less than -11.63%	11	0.64%	0.64%
-11.63% to -8.74%	13	0.76%	1.40%
-8.74% to -5.85%	48	2.80%	4.19%
-5.85% to -2.96%	198	11.53%	15.73%
-2.96% to -0.07%	636	37.04%	52.77%
-0.07% to 2.82%	563	32.79%	85.56%
2.82% to 5.71%	169	9.84%	95.40%
5.71% to 8.60%	47	2.74%	98.14%
8.60% to 11.49%	11	0.64%	98.78%
Greater than 11.49%	21	1.22%	100.00%

Standard Deviation Interval Analysis

SD	低er Bnd	Upper Bnd	Actual %	Normal %
±1σ	-3.92%	3.78%	81.19%	68.27%
±2σ	-7.78%	7.64%	95.57%	95.45%
±3σ	-11.63%	11.49%	98.14%	99.73%

Descriptive Statistics

均值	-0.070%
Standard Error	0.093%
中位数	-0.265%
Mode	0.000%
Standard Deviation	3.853%
Sample Variance	14.846%
峰度	10.27
偏度	1.17
Range	52.181%
Minimum	-21.557%
Maximum	30.624%
Count	1717

频率 Breakdown

分类	Avg 收益	Count	概率	Freq Adj 收益
正向	2.727%	784	45.66%	1.245%
负向	-2.452%	921	53.64%	-1.315%
Zero	0.000%	12	0.70%	0.000%

收盘-to-收盘收益

Gram-Charlier Analysis: Data reveals Left Skewed (负向 Asymmetry) with a 偏度 factor of -0.73. Further, an Excess 峰度 of 4.97 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	频率	Prob	Cum. Prob
Less than -20.86%	4	1.02%	1.02%
-20.86% to -15.35%	3	0.76%	1.78%
-15.35% to -9.85%	11	2.79%	4.57%
-9.85% to -4.34%	48	12.18%	16.75%
-4.34% to 1.16%	132	33.50%	50.25%
1.16% to 6.66%	127	32.23%	82.49%
6.66% to 12.17%	50	12.69%	95.18%
12.17% to 17.67%	14	3.55%	98.73%
17.67% to 23.17%	3	0.76%	99.49%
Greater than 23.17%	2	0.51%	100.00%

Standard Deviation Interval Analysis

SD	低er Bnd	Upper Bnd	Actual %	Normal %
±1σ	-6.18%	8.50%	76.14%	68.27%
±2σ	-13.52%	15.84%	95.43%	95.45%
±3σ	-20.86%	23.17%	98.48%	99.73%

Descriptive Statistics

均值	1.159%
Standard Error	0.370%
中位数	1.127%
Mode	5.263%
Standard Deviation	7.338%
Sample Variance	53.848%
峰度	4.97
偏度	-0.73
Range	71.554%
Minimum	-42.780%
Maximum	28.774%
Count	394

频率 Breakdown

分类	Avg 收益	Count	概率	Freq Adj 收益
正向	5.804%	223	56.60%	3.285%
负向	-4.899%	171	43.40%	-2.126%
Zero	0.000%	0	0.00%	0.000%

Average True Range Percentage (ATRP)

Months	Horizon	Average 月度 True Range %
3	1 Quarter	7.81%
12	1 Year	9.69%
36	3 Years	10.33%
60	5 Years	11.22%
120	10 Years	10.04%
240	20 Years	10.45%
600	50 Years	11.07%

高-to-低收益

Gram-Charlier Analysis: Data reveals 高ly Right Skewed (Extreme 正向 Tail Risk) with a 偏度 factor of 4.83. Further, an Excess 峰度 of 34.18 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	频率	Prob	Cum. Prob
Less than -17.94%	0	0.00%	0.00%
-17.94% to -10.44%	0	0.00%	0.00%
-10.44% to -2.93%	0	0.00%	0.00%
-2.93% to 4.58%	21	5.32%	5.32%
4.58% to 12.09%	244	61.77%	67.09%
12.09% to 19.60%	94	23.80%	90.89%
19.60% to 27.11%	15	3.80%	94.68%
27.11% to 34.61%	11	2.78%	97.47%
34.61% to 42.12%	4	1.01%	98.48%
Greater than 42.12%	6	1.52%	100.00%

Standard Deviation Interval Analysis

SD	低er Bnd	Upper Bnd	Actual %	Normal %
±1σ	2.08%	22.10%	91.65%	68.27%
±2σ	-7.93%	32.11%	96.96%	95.45%
±3σ	-17.94%	42.12%	98.48%	99.73%

Descriptive Statistics

均值	12.089%
Standard Error	0.504%
中位数	9.702%
Mode	7.182%
Standard Deviation	10.011%
Sample Variance	100.216%
峰度	34.18
偏度	4.83
Range	108.468%
Minimum	2.294%
Maximum	110.762%
Count	395

频率 Breakdown

分类	Avg 收益	Count	概率	Freq Adj 收益
正向	12.089%	395	100.00%	12.089%
负向	0.000%	0	0.00%	0.000%
Zero	0.000%	0	0.00%	0.000%

开盘-to-收盘收益

Gram-Charlier Analysis: Data reveals 高ly Right Skewed (Extreme 正向 Tail Risk) with a 偏度 factor of 2.76. Further, an Excess 峰度 of 20.82 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	频率	Prob	Cum. Prob
Less than -24.67%	1	0.25%	0.25%
-24.67% to -18.58%	1	0.25%	0.51%
-18.58% to -12.48%	10	2.53%	3.04%
-12.48% to -6.39%	52	13.16%	16.20%
-6.39% to -0.29%	149	37.72%	53.92%
-0.29% to 5.80%	128	32.41%	86.33%
5.80% to 11.90%	39	9.87%	96.20%
11.90% to 17.99%	8	2.03%	98.23%
17.99% to 24.09%	2	0.51%	98.73%
Greater than 24.09%	5	1.27%	100.00%

Standard Deviation Interval Analysis

SD	低er Bnd	Upper Bnd	Actual %	Normal %
±1σ	-8.42%	7.83%	80.51%	68.27%
±2σ	-16.54%	15.96%	96.46%	95.45%
±3σ	-24.67%	24.09%	98.48%	99.73%

Descriptive Statistics

均值	-0.293%
Standard Error	0.409%
中位数	-0.801%
Mode	-7.417%
Standard Deviation	8.126%
Sample Variance	66.028%
峰度	20.82
偏度	2.76
Range	97.821%
Minimum	-24.725%
Maximum	73.096%
Count	395

频率 Breakdown

分类	Avg 收益	Count	概率	Freq Adj 收益
正向	5.651%	178	45.06%	2.547%
负向	-5.193%	216	54.68%	-2.840%
Zero	0.000%	1	0.25%	0.000%

收盘-to-收盘收益

Gram-Charlier Analysis: Data reveals Fairly Symmetrical with a 偏度 factor of -0.12. Further, an Excess 峰度 of 2.65 proves the distribution possesses Fat Tails (高er Outlier Risk).

Bin Distribution Over Raw Range

Bin / Range	频率	Prob	Cum. Prob
Less than -30.47%	1	0.76%	0.76%
-30.47% to -22.04%	0	0.00%	0.76%
-22.04% to -13.62%	8	6.11%	6.87%
-13.62% to -5.19%	17	12.98%	19.85%
-5.19% to 3.24%	38	29.01%	48.85%
3.24% to 11.67%	43	32.82%	81.68%
11.67% to 20.09%	17	12.98%	94.66%
20.09% to 28.52%	6	4.58%	99.24%
28.52% to 36.95%	0	0.00%	99.24%
Greater than 36.95%	1	0.76%	100.00%

Standard Deviation Interval Analysis

SD	低er Bnd	Upper Bnd	Actual %	Normal %
±1σ	-8.00%	14.48%	71.76%	68.27%
±2σ	-19.23%	25.71%	96.18%	95.45%
±3σ	-30.47%	36.95%	98.47%	99.73%

Descriptive Statistics

均值	3.239%
Standard Error	0.982%
中位数	3.387%
Mode	-42.379%
Standard Deviation	11.236%
Sample Variance	126.239%
峰度	2.65
偏度	-0.12
Range	89.274%
Minimum	-42.379%
Maximum	46.895%
Count	131

频率 Breakdown

分类	Avg 收益	Count	概率	Freq Adj 收益
正向	9.292%	85	64.89%	6.029%
负向	-7.945%	46	35.12%	-2.790%
Zero	0.000%	0	0.00%	0.000%

Average True Range Percentage (ATRP)

Quarters	Horizon	Average 季度 True Range %
4	1 Year	12.79%
12	3 Years	16.55%
20	5 Years	17.77%
40	10 Years	16.78%
80	20 Years	17.69%
200	50 Years	18.81%

高-to-低收益

Gram-Charlier Analysis: Data reveals 高ly Right Skewed (Extreme 正向 Tail Risk) with a 偏度 factor of 3.49. Further, an Excess 峰度 of 15.10 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	频率	Prob	Cum. Prob
Less than -25.95%	0	0.00%	0.00%
-25.95% to -14.04%	0	0.00%	0.00%
-14.04% to -2.14%	0	0.00%	0.00%
-2.14% to 9.76%	12	9.09%	9.09%
9.76% to 21.66%	73	55.30%	64.39%
21.66% to 33.56%	34	25.76%	90.15%
33.56% to 45.47%	6	4.55%	94.70%
45.47% to 57.37%	2	1.52%	96.21%
57.37% to 69.27%	1	0.76%	96.97%
Greater than 69.27%	4	3.03%	100.00%

Standard Deviation Interval Analysis

SD	低er Bnd	Upper Bnd	Actual %	Normal %
±1σ	5.79%	37.53%	93.18%	68.27%
±2σ	-10.08%	53.40%	96.21%	95.45%
±3σ	-25.95%	69.27%	96.97%	99.73%

Descriptive Statistics

均值	21.662%
Standard Error	1.381%
中位数	17.296%
Mode	24.955%
Standard Deviation	15.869%
Sample Variance	251.830%
峰度	15.10
偏度	3.49
Range	110.983%
Minimum	4.264%
Maximum	115.247%
Count	132

频率 Breakdown

分类	Avg 收益	Count	概率	Freq Adj 收益
正向	21.662%	132	100.00%	21.662%
负向	0.000%	0	0.00%	0.000%
Zero	0.000%	0	0.00%	0.000%

开盘-to-收盘收益

Gram-Charlier Analysis: Data reveals 高ly Right Skewed (Extreme 正向 Tail Risk) with a 偏度 factor of 2.16. Further, an Excess 峰度 of 11.76 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	频率	Prob	Cum. Prob
Less than -37.10%	0	0.00%	0.00%
-37.10% to -28.15%	1	0.76%	0.76%
-28.15% to -19.21%	2	1.52%	2.27%
-19.21% to -10.26%	17	12.88%	15.15%
-10.26% to -1.31%	56	42.42%	57.58%
-1.31% to 7.63%	34	25.76%	83.33%
7.63% to 16.58%	12	9.09%	92.42%
16.58% to 25.53%	9	6.82%	99.24%
25.53% to 34.47%	0	0.00%	99.24%
Greater than 34.47%	1	0.76%	100.00%

Standard Deviation Interval Analysis

SD	低er Bnd	Upper Bnd	Actual %	Normal %
±1σ	-13.24%	10.62%	77.27%	68.27%
±2σ	-25.17%	22.54%	96.97%	95.45%
±3σ	-37.10%	34.47%	99.24%	99.73%

Descriptive Statistics

均值	-1.314%
Standard Error	1.038%
中位数	-2.774%
Mode	-2.682%
Standard Deviation	11.929%
Sample Variance	142.300%
峰度	11.76
偏度	2.16
Range	106.015%
Minimum	-31.366%
Maximum	74.649%
Count	132

频率 Breakdown

分类	Avg 收益	Count	概率	Freq Adj 收益
正向	9.974%	47	35.61%	3.551%
负向	-7.555%	85	64.39%	-4.865%
Zero	0.000%	0	0.00%	0.000%

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