PM - Detail Report

Quick Overview

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 Lower (68.27%)	1σ Upper	2σ Lower (95.45%)	2σ Upper
Daily	1.48%	1.38%	1.26%	1.86%	2.33%	2.37%	159.82	167.46	156.14	171.41
Weekly	3.23%	3.14%	3.27%	4.51%	5.13%	5.22%	155.41	172.21	147.63	181.29
Monthly	6.53%	6.68%	6.73%	9.86%	10.69%	10.87%	147.01	182.05	132.11	202.58
Quarterly	10.65%	10.48%	10.03%	17.63%	18.51%	18.83%	135.95	196.86	112.98	236.89
Annual	—	—	—	—	37.02%	37.65%	112.98	236.89	78.02	343.03
Option Time Horizon	—	—	—	—	13.97%	14.21%	142.26	188.13	123.71	216.34

Calculation Notes: Computed at 2026-03-23T16:32 UTC | Reference Contract: Call option expiring 2026-05-15 (52 days) | Spot Price (S): $163.60 | Strike (K): $165.00 (first OTM call ≥ spot) | Observed Mid-Price: $8.4500 (Bid $8.1000 / Ask $8.8000) | Risk-Free Rate (r): 3.73% (1-Month CMT, US Treasury) | Dividend Yield (q): 3.46% | Binomial IV (Annual): 37.02% (CRR binomial tree, American, n=20 steps) | BS IV: 37.01% (European Black-Scholes) | Yahoo IV (Annual): 37.65% → period-scaled as σ_period = σ_annual·√h | Price bands: Upper = S·e^+σ√h, Lower = S·e^−σ√h

Historical Dividend Payouts

Ex-Dividend Date	Amount
2026-03-19	$1.4700
2025-12-26	$1.4700
2025-10-03	$1.4700
2025-06-27	$1.3500
2025-03-20	$1.3500
2024-12-26	$1.3500
2024-09-26	$1.3500
2024-06-21	$1.3000
2024-03-20	$1.3000
2023-12-20	$1.3000
2023-09-26	$1.3000
2023-06-22	$1.2700
2023-03-22	$1.2700
2022-12-21	$1.2700
2022-09-27	$1.2700
2022-06-30	$1.2500
2022-03-23	$1.2500
2021-12-22	$1.2500
2021-09-28	$1.2500
2021-06-24	$1.2000
2021-03-19	$1.2000
2020-12-22	$1.2000
2020-09-23	$1.2000
2020-06-19	$1.1700
2020-03-20	$1.1700
2019-12-18	$1.1700
2019-09-24	$1.1700
2019-06-20	$1.1400
2019-03-25	$1.1400
2018-12-19	$1.1400
2018-09-25	$1.1400
2018-06-21	$1.1400
2018-03-21	$1.0700
2017-12-20	$1.0700
2017-09-26	$1.0700
2017-06-21	$1.0400
2017-03-21	$1.0400
2016-12-20	$1.0400
2016-09-26	$1.0400
2016-06-21	$1.0200
2016-03-22	$1.0200
2015-12-21	$1.0200
2015-09-28	$1.0200
2015-06-23	$1.0000
2015-03-24	$1.0000
2014-12-22	$1.0000
2014-09-23	$1.0000
2014-06-24	$0.9400
2014-03-25	$0.9400
2013-12-23	$0.9400
2013-09-24	$0.9400
2013-06-25	$0.8500
2013-03-26	$0.8500
2012-12-24	$0.0850
2012-12-20	$0.0390
2012-09-25	$0.8500
2012-06-25	$0.7700
2012-03-27	$0.7700
2011-12-20	$0.7700
2011-09-23	$0.7700
2011-06-21	$0.6400
2011-03-22	$0.6400
2010-12-21	$0.6400
2010-09-22	$0.6400
2010-06-22	$0.5800
2010-03-23	$0.5800
2009-12-23	$0.5800
2009-09-24	$0.5800
2009-06-22	$0.5400
2009-03-23	$0.5400
2008-12-23	$0.5400
2008-09-11	$0.5400
2008-06-26	$0.4600

Close-to-Close Returns

Gram-Charlier Analysis: Data reveals Fairly Symmetrical with a Skewness factor of -0.41. Further, an Excess Kurtosis of 12.11 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -4.37%	35	0.77%	0.77%
-4.37% to -3.26%	46	1.02%	1.79%
-3.26% to -2.16%	127	2.80%	4.59%
-2.16% to -1.05%	487	10.75%	15.34%
-1.05% to 0.06%	1547	34.14%	49.47%
0.06% to 1.16%	1565	34.53%	84.00%
1.16% to 2.27%	527	11.63%	95.63%
2.27% to 3.38%	131	2.89%	98.52%
3.38% to 4.48%	42	0.93%	99.45%
Greater than 4.48%	25	0.55%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	-1.42%	1.53%	79.28%	68.27%
±2σ	-2.89%	3.01%	95.39%	95.45%
±3σ	-4.37%	4.48%	98.68%	99.73%

Descriptive Statistics

Mean	0.056%
Standard Error	0.022%
Median	0.068%
Mode	0.000%
Standard Deviation	1.475%
Sample Variance	2.175%
Kurtosis	12.11
Skewness	-0.41
Range	28.787%
Minimum	-15.576%
Maximum	13.211%
Count	4532

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	1.004%	2380	52.52%	0.527%
Negative	-1.009%	2119	46.76%	-0.472%
Zero	0.000%	33	0.73%	0.000%

Average True Range Percentage (ATRP)

Trading Days	Horizon	Average Daily True Range %
5	1 Week	2.59%
20	1 Month	2.82%
60	1 Quarter	2.47%
250	1 Year	2.29%
750	3 Years	1.84%
1,250	5 Years	1.86%
2,500	10 Years	1.93%
5,000	20 Years	1.94%
12,500	50 Years	1.94%

High-to-Low Returns

Gram-Charlier Analysis: Data reveals Highly Right Skewed (Extreme Positive Tail Risk) with a Skewness factor of 6.75. Further, an Excess Kurtosis of 102.36 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -2.29%	0	0.00%	0.00%
-2.29% to -1.25%	0	0.00%	0.00%
-1.25% to -0.22%	0	0.00%	0.00%
-0.22% to 0.81%	328	7.24%	7.24%
0.81% to 1.85%	2615	57.69%	64.92%
1.85% to 2.88%	1089	24.02%	88.95%
2.88% to 3.92%	290	6.40%	95.35%
3.92% to 4.95%	99	2.18%	97.53%
4.95% to 5.99%	41	0.90%	98.43%
Greater than 5.99%	71	1.57%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	0.47%	3.23%	91.97%	68.27%
±2σ	-0.91%	4.61%	96.98%	95.45%
±3σ	-2.29%	5.99%	98.43%	99.73%

Descriptive Statistics

Mean	1.848%
Standard Error	0.020%
Median	1.519%
Mode	0.902%
Standard Deviation	1.379%
Sample Variance	1.901%
Kurtosis	102.36
Skewness	6.75
Range	34.721%
Minimum	0.414%
Maximum	35.135%
Count	4533

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	1.848%	4533	100.00%	1.848%
Negative	0.000%	0	0.00%	0.000%
Zero	0.000%	0	0.00%	0.000%

Open-to-Close Returns

Gram-Charlier Analysis: Data reveals Right Skewed (Positive Asymmetry) with a Skewness factor of 0.59. Further, an Excess Kurtosis of 7.64 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -3.81%	28	0.62%	0.62%
-3.81% to -2.86%	43	0.95%	1.57%
-2.86% to -1.92%	121	2.67%	4.24%
-1.92% to -0.98%	597	13.17%	17.41%
-0.98% to -0.04%	1551	34.22%	51.62%
-0.04% to 0.90%	1435	31.66%	83.28%
0.90% to 1.85%	534	11.78%	95.06%
1.85% to 2.79%	135	2.98%	98.04%
2.79% to 3.73%	54	1.19%	99.23%
Greater than 3.73%	35	0.77%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	-1.29%	1.22%	77.74%	68.27%
±2σ	-2.55%	2.47%	95.21%	95.45%
±3σ	-3.81%	3.73%	98.61%	99.73%

Descriptive Statistics

Mean	-0.038%
Standard Error	0.019%
Median	-0.073%
Mode	0.000%
Standard Deviation	1.256%
Sample Variance	1.577%
Kurtosis	7.64
Skewness	0.59
Range	19.377%
Minimum	-7.069%
Maximum	12.308%
Count	4533

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	0.911%	2098	46.28%	0.422%
Negative	-0.864%	2411	53.19%	-0.460%
Zero	0.000%	24	0.53%	0.000%

Close-to-Close Returns

Gram-Charlier Analysis: Data reveals Fairly Symmetrical with a Skewness factor of -0.36. Further, an Excess Kurtosis of 4.93 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -9.43%	8	0.85%	0.85%
-9.43% to -7.00%	11	1.17%	2.02%
-7.00% to -4.58%	33	3.51%	5.53%
-4.58% to -2.16%	113	12.02%	17.55%
-2.16% to 0.27%	291	30.96%	48.51%
0.27% to 2.69%	313	33.30%	81.81%
2.69% to 5.12%	128	13.62%	95.43%
5.12% to 7.54%	30	3.19%	98.62%
7.54% to 9.97%	11	1.17%	99.79%
Greater than 9.97%	2	0.21%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	-2.96%	3.50%	76.70%	68.27%
±2σ	-6.20%	6.74%	95.21%	95.45%
±3σ	-9.43%	9.97%	98.94%	99.73%

Descriptive Statistics

Mean	0.269%
Standard Error	0.105%
Median	0.340%
Mode	0.759%
Standard Deviation	3.233%
Sample Variance	10.451%
Kurtosis	4.93
Skewness	-0.36
Range	39.685%
Minimum	-18.728%
Maximum	20.957%
Count	940

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	2.374%	524	55.74%	1.323%
Negative	-2.394%	414	44.04%	-1.054%
Zero	0.000%	2	0.21%	0.000%

Average True Range Percentage (ATRP)

Weeks	Horizon	Average Weekly True Range %
4	1 Month	7.52%
12	1 Quarter	6.29%
52	1 Year	5.68%
156	3 Years	4.46%
260	5 Years	4.51%
520	10 Years	4.59%
1,040	20 Years	4.49%
2,600	50 Years	4.49%

High-to-Low Returns

Gram-Charlier Analysis: Data reveals Highly Right Skewed (Extreme Positive Tail Risk) with a Skewness factor of 4.60. Further, an Excess Kurtosis of 38.91 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -4.83%	0	0.00%	0.00%
-4.83% to -2.47%	0	0.00%	0.00%
-2.47% to -0.11%	0	0.00%	0.00%
-0.11% to 2.24%	115	12.22%	12.22%
2.24% to 4.60%	491	52.18%	64.40%
4.60% to 6.95%	215	22.85%	87.25%
6.95% to 9.31%	72	7.65%	94.90%
9.31% to 11.66%	22	2.34%	97.24%
11.66% to 14.02%	13	1.38%	98.62%
Greater than 14.02%	13	1.38%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	1.46%	7.74%	89.69%	68.27%
±2σ	-1.68%	10.88%	96.39%	95.45%
±3σ	-4.83%	14.02%	98.62%	99.73%

Descriptive Statistics

Mean	4.598%
Standard Error	0.102%
Median	3.882%
Mode	2.366%
Standard Deviation	3.141%
Sample Variance	9.863%
Kurtosis	38.91
Skewness	4.60
Range	42.530%
Minimum	1.014%
Maximum	43.544%
Count	941

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	4.598%	941	100.00%	4.598%
Negative	0.000%	0	0.00%	0.000%
Zero	0.000%	0	0.00%	0.000%

Open-to-Close Returns

Gram-Charlier Analysis: Data reveals Highly Right Skewed (Extreme Positive Tail Risk) with a Skewness factor of 1.28. Further, an Excess Kurtosis of 7.73 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -9.90%	2	0.21%	0.21%
-9.90% to -7.45%	3	0.32%	0.53%
-7.45% to -5.00%	33	3.51%	4.04%
-5.00% to -2.55%	146	15.52%	19.55%
-2.55% to -0.10%	318	33.79%	53.35%
-0.10% to 2.35%	270	28.69%	82.04%
2.35% to 4.80%	109	11.58%	93.62%
4.80% to 7.25%	41	4.36%	97.98%
7.25% to 9.70%	11	1.17%	99.15%
Greater than 9.70%	8	0.85%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	-3.37%	3.17%	77.36%	68.27%
±2σ	-6.64%	6.43%	96.17%	95.45%
±3σ	-9.90%	9.70%	98.94%	99.73%

Descriptive Statistics

Mean	-0.102%
Standard Error	0.107%
Median	-0.316%
Mode	-1.332%
Standard Deviation	3.267%
Sample Variance	10.676%
Kurtosis	7.73
Skewness	1.28
Range	39.331%
Minimum	-15.989%
Maximum	23.342%
Count	941

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	2.520%	419	44.53%	1.122%
Negative	-2.212%	521	55.37%	-1.225%
Zero	0.000%	1	0.11%	0.000%

Close-to-Close Returns

Gram-Charlier Analysis: Data reveals Fairly Symmetrical with a Skewness factor of -0.29. Further, an Excess Kurtosis of 0.38 proves the distribution possesses Normal Tails (Mesokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -18.45%	1	0.46%	0.46%
-18.45% to -13.55%	3	1.39%	1.85%
-13.55% to -8.65%	15	6.94%	8.80%
-8.65% to -3.75%	26	12.04%	20.83%
-3.75% to 1.15%	53	24.54%	45.37%
1.15% to 6.04%	68	31.48%	76.85%
6.04% to 10.94%	38	17.59%	94.44%
10.94% to 15.84%	10	4.63%	99.07%
15.84% to 20.74%	2	0.93%	100.00%
Greater than 20.74%	0	0.00%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	-5.38%	7.68%	69.91%	68.27%
±2σ	-11.91%	14.21%	96.76%	95.45%
±3σ	-18.45%	20.74%	99.54%	99.73%

Descriptive Statistics

Mean	1.147%
Standard Error	0.444%
Median	1.766%
Mode	-3.777%
Standard Deviation	6.531%
Sample Variance	42.657%
Kurtosis	0.38
Skewness	-0.29
Range	40.922%
Minimum	-21.659%
Maximum	19.263%
Count	216

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	5.468%	128	59.26%	3.240%
Negative	-5.139%	88	40.74%	-2.094%
Zero	0.000%	0	0.00%	0.000%

Average True Range Percentage (ATRP)

Months	Horizon	Average Monthly True Range %
3	1 Quarter	12.93%
12	1 Year	11.42%
36	3 Years	9.99%
60	5 Years	9.86%
120	10 Years	10.20%
240	20 Years	9.84%
600	50 Years	9.84%

High-to-Low Returns

Gram-Charlier Analysis: Data reveals Highly Right Skewed (Extreme Positive Tail Risk) with a Skewness factor of 3.84. Further, an Excess Kurtosis of 22.73 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -9.51%	0	0.00%	0.00%
-9.51% to -4.50%	0	0.00%	0.00%
-4.50% to 0.51%	0	0.00%	0.00%
0.51% to 5.53%	30	13.82%	13.82%
5.53% to 10.54%	103	47.47%	61.29%
10.54% to 15.55%	57	26.27%	87.56%
15.55% to 20.57%	17	7.83%	95.39%
20.57% to 25.58%	5	2.30%	97.70%
25.58% to 30.59%	2	0.92%	98.62%
Greater than 30.59%	3	1.38%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	3.85%	17.22%	90.32%	68.27%
±2σ	-2.83%	23.91%	97.24%	95.45%
±3σ	-9.51%	30.59%	98.62%	99.73%

Descriptive Statistics

Mean	10.539%
Standard Error	0.454%
Median	9.018%
Mode	2.382%
Standard Deviation	6.684%
Sample Variance	44.678%
Kurtosis	22.73
Skewness	3.84
Range	56.840%
Minimum	2.382%
Maximum	59.222%
Count	217

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	10.539%	217	100.00%	10.539%
Negative	0.000%	0	0.00%	0.000%
Zero	0.000%	0	0.00%	0.000%

Open-to-Close Returns

Gram-Charlier Analysis: Data reveals Right Skewed (Positive Asymmetry) with a Skewness factor of 0.77. Further, an Excess Kurtosis of 1.59 proves the distribution possesses Fat Tails (Higher Outlier Risk).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -20.48%	0	0.00%	0.00%
-20.48% to -15.43%	1	0.46%	0.46%
-15.43% to -10.39%	8	3.69%	4.15%
-10.39% to -5.34%	39	17.97%	22.12%
-5.34% to -0.29%	74	34.10%	56.22%
-0.29% to 4.75%	52	23.96%	80.18%
4.75% to 9.80%	23	10.60%	90.78%
9.80% to 14.84%	15	6.91%	97.70%
14.84% to 19.89%	3	1.38%	99.08%
Greater than 19.89%	2	0.92%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	-7.02%	6.43%	72.81%	68.27%
±2σ	-13.75%	13.16%	95.85%	95.45%
±3σ	-20.48%	19.89%	99.08%	99.73%

Descriptive Statistics

Mean	-0.295%
Standard Error	0.457%
Median	-1.147%
Mode	-6.091%
Standard Deviation	6.728%
Sample Variance	45.272%
Kurtosis	1.59
Skewness	0.77
Range	46.596%
Minimum	-16.982%
Maximum	29.614%
Count	217

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	5.826%	92	42.40%	2.470%
Negative	-4.800%	125	57.60%	-2.765%
Zero	0.000%	0	0.00%	0.000%

Close-to-Close Returns

Gram-Charlier Analysis: Data reveals Fairly Symmetrical with a Skewness factor of 0.50. Further, an Excess Kurtosis of 0.53 proves the distribution possesses Normal Tails (Mesokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -28.62%	0	0.00%	0.00%
-28.62% to -20.63%	1	1.39%	1.39%
-20.63% to -12.64%	2	2.78%	4.17%
-12.64% to -4.65%	10	13.89%	18.06%
-4.65% to 3.34%	27	37.50%	55.56%
3.34% to 11.33%	19	26.39%	81.94%
11.33% to 19.32%	6	8.33%	90.28%
19.32% to 27.32%	5	6.94%	97.22%
27.32% to 35.31%	2	2.78%	100.00%
Greater than 35.31%	0	0.00%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	-7.31%	14.00%	68.06%	68.27%
±2σ	-17.96%	24.65%	94.44%	95.45%
±3σ	-28.62%	35.31%	100.00%	99.73%

Descriptive Statistics

Mean	3.344%
Standard Error	1.256%
Median	2.989%
Mode	-22.704%
Standard Deviation	10.654%
Sample Variance	113.510%
Kurtosis	0.53
Skewness	0.50
Range	55.479%
Minimum	-22.704%
Maximum	32.775%
Count	72

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	9.953%	42	58.33%	5.806%
Negative	-5.910%	30	41.67%	-2.463%
Zero	0.000%	0	0.00%	0.000%

Average True Range Percentage (ATRP)

Quarters	Horizon	Average Quarterly True Range %
4	1 Year	20.39%
12	3 Years	18.06%
20	5 Years	17.63%
40	10 Years	17.83%
80	20 Years	16.87%
200	50 Years	16.87%

High-to-Low Returns

Gram-Charlier Analysis: Data reveals Highly Right Skewed (Extreme Positive Tail Risk) with a Skewness factor of 2.62. Further, an Excess Kurtosis of 9.49 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -12.59%	0	0.00%	0.00%
-12.59% to -4.74%	0	0.00%	0.00%
-4.74% to 3.12%	0	0.00%	0.00%
3.12% to 10.98%	13	17.81%	17.81%
10.98% to 18.84%	30	41.10%	58.90%
18.84% to 26.70%	21	28.77%	87.67%
26.70% to 34.55%	5	6.85%	94.52%
34.55% to 42.41%	2	2.74%	97.26%
42.41% to 50.27%	0	0.00%	97.26%
Greater than 50.27%	2	2.74%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	8.36%	29.31%	87.67%	68.27%
±2σ	-2.12%	39.79%	95.89%	95.45%
±3σ	-12.59%	50.27%	97.26%	99.73%

Descriptive Statistics

Mean	18.837%
Standard Error	1.226%
Median	17.690%
Mode	7.462%
Standard Deviation	10.477%
Sample Variance	109.764%
Kurtosis	9.49
Skewness	2.62
Range	61.487%
Minimum	7.462%
Maximum	68.949%
Count	73

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	18.837%	73	100.00%	18.837%
Negative	0.000%	0	0.00%	0.000%
Zero	0.000%	0	0.00%	0.000%

Open-to-Close Returns

Gram-Charlier Analysis: Data reveals Fairly Symmetrical with a Skewness factor of 0.17. Further, an Excess Kurtosis of 0.72 proves the distribution possesses Normal Tails (Mesokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -31.09%	0	0.00%	0.00%
-31.09% to -23.57%	1	1.37%	1.37%
-23.57% to -16.05%	5	6.85%	8.22%
-16.05% to -8.53%	9	12.33%	20.55%
-8.53% to -1.01%	24	32.88%	53.42%
-1.01% to 6.51%	21	28.77%	82.19%
6.51% to 14.03%	7	9.59%	91.78%
14.03% to 21.55%	5	6.85%	98.63%
21.55% to 29.07%	0	0.00%	98.63%
Greater than 29.07%	1	1.37%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	-11.04%	9.02%	69.86%	68.27%
±2σ	-21.06%	19.04%	94.52%	95.45%
±3σ	-31.09%	29.07%	98.63%	99.73%

Descriptive Statistics

Mean	-1.010%
Standard Error	1.174%
Median	-1.422%
Mode	-24.772%
Standard Deviation	10.027%
Sample Variance	100.546%
Kurtosis	0.72
Skewness	0.17
Range	55.309%
Minimum	-24.772%
Maximum	30.537%
Count	73

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	7.307%	33	45.20%	3.303%
Negative	-7.870%	40	54.80%	-4.312%
Zero	0.000%	0	0.00%	0.000%

PM Deep Analytical Report