TMO - 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	2.00%	1.59%	1.74%	2.36%	1.80%	1.97%	501.82	520.20	492.88	529.64
Weekly	4.51%	4.10%	4.40%	5.51%	3.96%	4.34%	491.09	531.57	472.03	553.04
Monthly	9.06%	10.03%	9.18%	11.87%	8.24%	9.04%	470.51	554.83	433.28	602.50
Quarterly	14.28%	17.01%	15.44%	20.79%	14.28%	15.65%	442.95	589.34	384.02	679.78
Annual	—	—	—	—	28.55%	31.30%	384.02	679.78	288.64	904.42
Option Time Horizon	—	—	—	—	9.33%	10.23%	465.40	560.91	423.93	615.79

Calculation Notes: Computed at 2026-02-22T14:17 UTC | Reference Contract: Call option expiring 2026-04-02 (39 days) | Spot Price (S): $510.93 | Strike (K): $540.00 (first OTM call ≥ spot) | Observed Mid-Price: $9.0000 (Bid $7.8000 / Ask $10.2000) | Risk-Free Rate (r): 3.72% (1-Month CMT, US Treasury) | Dividend Yield (q): 0.33% | Binomial IV (Annual): 28.55% (CRR binomial tree, American, n=20 steps) | BS IV: 28.76% (European Black-Scholes) | Yahoo IV (Annual): 31.30% → 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
2025-12-15	$0.4300
2025-09-15	$0.4300
2025-06-13	$0.4300
2025-03-14	$0.4300
2024-12-13	$0.3900
2024-09-13	$0.3900
2024-06-14	$0.3900
2024-03-14	$0.3900
2023-12-14	$0.3500
2023-09-14	$0.3500
2023-06-14	$0.3500
2023-03-14	$0.3500
2022-12-14	$0.3000
2022-09-14	$0.3000
2022-06-14	$0.3000
2022-03-15	$0.3000
2021-12-14	$0.2600
2021-09-14	$0.2600
2021-06-14	$0.2600
2021-03-15	$0.2600
2020-12-14	$0.2200
2020-09-14	$0.2200
2020-06-12	$0.2200
2020-03-13	$0.2200
2019-12-16	$0.1900
2019-09-16	$0.1900
2019-06-13	$0.1900
2019-03-14	$0.1900
2018-12-14	$0.1700
2018-09-14	$0.1700
2018-06-14	$0.1700
2018-03-14	$0.1700
2017-12-14	$0.1500
2017-09-14	$0.1500
2017-06-13	$0.1500
2017-03-13	$0.1500
2016-12-13	$0.1500
2016-09-13	$0.1500
2016-06-13	$0.1500
2016-03-11	$0.1500
2015-12-11	$0.1500
2015-09-11	$0.1500
2015-06-11	$0.1500
2015-03-12	$0.1500
2014-12-11	$0.1500
2014-09-11	$0.1500
2014-06-12	$0.1500
2014-03-13	$0.1500
2013-12-12	$0.1500
2013-09-12	$0.1500
2013-06-13	$0.1500
2013-03-13	$0.1500
2012-12-13	$0.1500
2012-09-13	$0.1300
2012-06-13	$0.1300
2012-03-13	$0.1300
2001-11-16	$2.5200
2001-08-09	$0.8200
1996-01-25	$0.0040
1993-08-06	$0.0430

Close-to-Close Returns

Gram-Charlier Analysis: Data reveals Fairly Symmetrical with a Skewness factor of 0.38. Further, an Excess Kurtosis of 6.79 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -5.93%	65	0.56%	0.56%
-5.93% to -4.43%	113	0.98%	1.54%
-4.43% to -2.93%	389	3.37%	4.90%
-2.93% to -1.43%	1398	12.09%	17.00%
-1.43% to 0.07%	4243	36.70%	53.70%
0.07% to 1.57%	3444	29.79%	83.49%
1.57% to 3.07%	1289	11.15%	94.65%
3.07% to 4.57%	376	3.25%	97.90%
4.57% to 6.07%	135	1.17%	99.07%
Greater than 6.07%	108	0.93%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	-1.93%	2.07%	77.37%	68.27%
±2σ	-3.93%	4.07%	94.74%	95.45%
±3σ	-5.93%	6.07%	98.50%	99.73%

Descriptive Statistics

Mean	0.069%
Standard Error	0.019%
Median	0.000%
Mode	0.000%
Standard Deviation	2.001%
Sample Variance	4.005%
Kurtosis	6.79
Skewness	0.38
Range	36.352%
Minimum	-18.644%
Maximum	17.708%
Count	11560

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	1.528%	5487	47.47%	0.725%
Negative	-1.401%	5412	46.82%	-0.656%
Zero	0.000%	661	5.72%	0.000%

Average True Range Percentage (ATRP)

Trading Days	Horizon	Average Daily True Range %
5	1 Week	2.40%
20	1 Month	2.93%
60	1 Quarter	2.37%
250	1 Year	2.75%
750	3 Years	2.30%
1,250	5 Years	2.36%
2,500	10 Years	2.19%
5,000	20 Years	2.23%
12,500	50 Years	2.50%

High-to-Low Returns

Gram-Charlier Analysis: Data reveals Highly Right Skewed (Extreme Positive Tail Risk) with a Skewness factor of 3.12. Further, an Excess Kurtosis of 20.46 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -2.42%	0	0.00%	0.00%
-2.42% to -1.23%	0	0.00%	0.00%
-1.23% to -0.03%	0	0.00%	0.00%
-0.03% to 1.16%	1933	16.72%	16.72%
1.16% to 2.36%	5396	46.67%	63.39%
2.36% to 3.56%	2544	22.01%	85.40%
3.56% to 4.75%	896	7.75%	93.15%
4.75% to 5.95%	397	3.43%	96.58%
5.95% to 7.14%	193	1.67%	98.25%
Greater than 7.14%	202	1.75%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	0.77%	3.95%	85.14%	68.27%
±2σ	-0.83%	5.55%	95.80%	95.45%
±3σ	-2.42%	7.14%	98.25%	99.73%

Descriptive Statistics

Mean	2.360%
Standard Error	0.015%
Median	1.974%
Mode	2.941%
Standard Deviation	1.594%
Sample Variance	2.542%
Kurtosis	20.46
Skewness	3.12
Range	25.552%
Minimum	0.207%
Maximum	25.759%
Count	11561

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	2.360%	11561	100.00%	2.360%
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 0.05. Further, an Excess Kurtosis of 6.45 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -5.25%	96	0.83%	0.83%
-5.25% to -3.94%	141	1.22%	2.05%
-3.94% to -2.64%	414	3.58%	5.63%
-2.64% to -1.33%	1268	10.97%	16.60%
-1.33% to -0.03%	3469	30.01%	46.60%
-0.03% to 1.28%	4223	36.53%	83.13%
1.28% to 2.58%	1343	11.62%	94.75%
2.58% to 3.89%	408	3.53%	98.28%
3.89% to 5.20%	116	1.00%	99.28%
Greater than 5.20%	83	0.72%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	-1.77%	1.71%	77.27%	68.27%
±2σ	-3.51%	3.46%	94.57%	95.45%
±3σ	-5.25%	5.20%	98.45%	99.73%

Descriptive Statistics

Mean	-0.027%
Standard Error	0.016%
Median	0.000%
Mode	0.000%
Standard Deviation	1.741%
Sample Variance	3.030%
Kurtosis	6.45
Skewness	0.05
Range	31.793%
Minimum	-13.043%
Maximum	18.750%
Count	11561

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	1.276%	5333	46.13%	0.589%
Negative	-1.312%	5427	46.94%	-0.616%
Zero	0.000%	801	6.93%	0.000%

Close-to-Close Returns

Gram-Charlier Analysis: Data reveals Fairly Symmetrical with a Skewness factor of 0.44. Further, an Excess Kurtosis of 5.13 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -13.19%	13	0.54%	0.54%
-13.19% to -9.81%	21	0.88%	1.42%
-9.81% to -6.43%	85	3.55%	4.96%
-6.43% to -3.04%	336	14.02%	18.98%
-3.04% to 0.34%	771	32.17%	51.15%
0.34% to 3.72%	777	32.42%	83.56%
3.72% to 7.11%	254	10.60%	94.16%
7.11% to 10.49%	90	3.75%	97.91%
10.49% to 13.87%	28	1.17%	99.08%
Greater than 13.87%	22	0.92%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	-4.17%	4.85%	75.43%	68.27%
±2σ	-8.68%	9.36%	94.99%	95.45%
±3σ	-13.19%	13.87%	98.54%	99.73%

Descriptive Statistics

Mean	0.340%
Standard Error	0.092%
Median	0.242%
Mode	0.000%
Standard Deviation	4.511%
Sample Variance	20.353%
Kurtosis	5.13
Skewness	0.44
Range	65.273%
Minimum	-27.273%
Maximum	38.000%
Count	2397

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	3.451%	1238	51.65%	1.782%
Negative	-3.135%	1103	46.02%	-1.443%
Zero	0.000%	56	2.34%	0.000%

Average True Range Percentage (ATRP)

Weeks	Horizon	Average Weekly True Range %
4	1 Month	8.00%
12	1 Quarter	5.63%
52	1 Year	6.39%
156	3 Years	5.24%
260	5 Years	5.51%
520	10 Years	5.11%
1,040	20 Years	5.19%
2,600	50 Years	6.05%

High-to-Low Returns

Gram-Charlier Analysis: Data reveals Highly Right Skewed (Extreme Positive Tail Risk) with a Skewness factor of 3.25. Further, an Excess Kurtosis of 21.21 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -6.08%	0	0.00%	0.00%
-6.08% to -3.00%	0	0.00%	0.00%
-3.00% to 0.07%	0	0.00%	0.00%
0.07% to 3.14%	391	16.31%	16.31%
3.14% to 6.22%	1118	46.62%	62.93%
6.22% to 9.29%	531	22.14%	85.07%
9.29% to 12.36%	207	8.63%	93.70%
12.36% to 15.43%	77	3.21%	96.91%
15.43% to 18.51%	30	1.25%	98.17%
Greater than 18.51%	44	1.83%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	2.12%	10.31%	85.53%	68.27%
±2σ	-1.98%	14.41%	96.00%	95.45%
±3σ	-6.08%	18.51%	98.17%	99.73%

Descriptive Statistics

Mean	6.216%
Standard Error	0.084%
Median	5.152%
Mode	4.762%
Standard Deviation	4.097%
Sample Variance	16.784%
Kurtosis	21.21
Skewness	3.25
Range	52.746%
Minimum	1.004%
Maximum	53.750%
Count	2398

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	6.216%	2398	100.00%	6.216%
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 0.54. Further, an Excess Kurtosis of 6.45 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -13.30%	15	0.63%	0.63%
-13.30% to -10.00%	22	0.92%	1.54%
-10.00% to -6.70%	88	3.67%	5.21%
-6.70% to -3.40%	282	11.76%	16.97%
-3.40% to -0.10%	821	34.24%	51.21%
-0.10% to 3.20%	735	30.65%	81.86%
3.20% to 6.50%	305	12.72%	94.58%
6.50% to 9.80%	88	3.67%	98.25%
9.80% to 13.10%	23	0.96%	99.21%
Greater than 13.10%	19	0.79%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	-4.50%	4.30%	75.77%	68.27%
±2σ	-8.90%	8.70%	95.16%	95.45%
±3σ	-13.30%	13.10%	98.58%	99.73%

Descriptive Statistics

Mean	-0.099%
Standard Error	0.090%
Median	-0.224%
Mode	0.000%
Standard Deviation	4.400%
Sample Variance	19.362%
Kurtosis	6.45
Skewness	0.54
Range	65.906%
Minimum	-28.406%
Maximum	37.500%
Count	2398

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	3.294%	1100	45.87%	1.511%
Negative	-3.103%	1244	51.88%	-1.610%
Zero	0.000%	54	2.25%	0.000%

Close-to-Close Returns

Gram-Charlier Analysis: Data reveals Fairly Symmetrical with a Skewness factor of 0.22. Further, an Excess Kurtosis of 2.48 proves the distribution possesses Fat Tails (Higher Outlier Risk).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -25.75%	4	0.73%	0.73%
-25.75% to -18.95%	2	0.36%	1.09%
-18.95% to -12.15%	16	2.90%	3.99%
-12.15% to -5.35%	90	16.33%	20.33%
-5.35% to 1.45%	173	31.40%	51.72%
1.45% to 8.25%	167	30.31%	82.03%
8.25% to 15.04%	66	11.98%	94.01%
15.04% to 21.84%	22	3.99%	98.00%
21.84% to 28.64%	7	1.27%	99.27%
Greater than 28.64%	4	0.73%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	-7.62%	10.51%	72.96%	68.27%
±2σ	-16.68%	19.58%	95.28%	95.45%
±3σ	-25.75%	28.64%	98.55%	99.73%

Descriptive Statistics

Mean	1.447%
Standard Error	0.386%
Median	1.095%
Mode	0.000%
Standard Deviation	9.065%
Sample Variance	82.180%
Kurtosis	2.48
Skewness	0.22
Range	84.287%
Minimum	-39.572%
Maximum	44.715%
Count	551

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	7.318%	308	55.90%	4.091%
Negative	-6.121%	238	43.19%	-2.644%
Zero	0.000%	5	0.91%	0.000%

Average True Range Percentage (ATRP)

Months	Horizon	Average Monthly True Range %
3	1 Quarter	12.06%
12	1 Year	12.83%
36	3 Years	11.41%
60	5 Years	11.87%
120	10 Years	11.10%
240	20 Years	10.87%
600	50 Years	13.26%

High-to-Low Returns

Gram-Charlier Analysis: Data reveals Highly Right Skewed (Extreme Positive Tail Risk) with a Skewness factor of 4.95. Further, an Excess Kurtosis of 45.89 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -15.63%	0	0.00%	0.00%
-15.63% to -8.11%	0	0.00%	0.00%
-8.11% to -0.58%	0	0.00%	0.00%
-0.58% to 6.94%	61	11.05%	11.05%
6.94% to 14.47%	291	52.72%	63.77%
14.47% to 21.99%	126	22.83%	86.59%
21.99% to 29.52%	46	8.33%	94.93%
29.52% to 37.04%	13	2.36%	97.28%
37.04% to 44.56%	6	1.09%	98.37%
Greater than 44.56%	9	1.63%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	4.44%	24.50%	90.04%	68.27%
±2σ	-5.60%	34.53%	97.10%	95.45%
±3σ	-15.63%	44.56%	98.37%	99.73%

Descriptive Statistics

Mean	14.467%
Standard Error	0.427%
Median	12.154%
Mode	13.291%
Standard Deviation	10.032%
Sample Variance	100.633%
Kurtosis	45.89
Skewness	4.95
Range	134.663%
Minimum	2.837%
Maximum	137.500%
Count	552

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	14.467%	552	100.00%	14.467%
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 1.25. Further, an Excess Kurtosis of 7.44 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -28.10%	1	0.18%	0.18%
-28.10% to -21.22%	6	1.09%	1.27%
-21.22% to -14.34%	20	3.62%	4.89%
-14.34% to -7.45%	74	13.41%	18.30%
-7.45% to -0.57%	190	34.42%	52.72%
-0.57% to 6.32%	161	29.17%	81.88%
6.32% to 13.20%	70	12.68%	94.57%
13.20% to 20.08%	21	3.80%	98.37%
20.08% to 26.97%	5	0.91%	99.28%
Greater than 26.97%	4	0.72%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	-9.75%	8.61%	74.09%	68.27%
±2σ	-18.92%	17.79%	95.47%	95.45%
±3σ	-28.10%	26.97%	99.09%	99.73%

Descriptive Statistics

Mean	-0.568%
Standard Error	0.391%
Median	-1.078%
Mode	0.000%
Standard Deviation	9.178%
Sample Variance	84.231%
Kurtosis	7.44
Skewness	1.25
Range	97.032%
Minimum	-29.775%
Maximum	67.257%
Count	552

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	6.968%	238	43.12%	3.004%
Negative	-6.382%	309	55.98%	-3.573%
Zero	0.000%	5	0.91%	0.000%

Close-to-Close Returns

Gram-Charlier Analysis: Data reveals Fairly Symmetrical with a Skewness factor of -0.35. Further, an Excess Kurtosis of 0.89 proves the distribution possesses Normal Tails (Mesokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -38.69%	2	1.09%	1.09%
-38.69% to -27.98%	4	2.17%	3.26%
-27.98% to -17.27%	6	3.26%	6.52%
-17.27% to -6.56%	27	14.67%	21.20%
-6.56% to 4.15%	44	23.91%	45.11%
4.15% to 14.86%	65	35.33%	80.43%
14.86% to 25.57%	26	14.13%	94.57%
25.57% to 36.27%	6	3.26%	97.83%
36.27% to 46.98%	4	2.17%	100.00%
Greater than 46.98%	0	0.00%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	-10.13%	18.43%	70.11%	68.27%
±2σ	-24.41%	32.70%	94.57%	95.45%
±3σ	-38.69%	46.98%	98.91%	99.73%

Descriptive Statistics

Mean	4.147%
Standard Error	1.053%
Median	5.363%
Mode	0.000%
Standard Deviation	14.279%
Sample Variance	203.882%
Kurtosis	0.89
Skewness	-0.35
Range	86.673%
Minimum	-42.229%
Maximum	44.444%
Count	184

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	12.046%	121	65.76%	7.922%
Negative	-11.385%	61	33.15%	-3.774%
Zero	0.000%	2	1.09%	0.000%

Average True Range Percentage (ATRP)

Quarters	Horizon	Average Quarterly True Range %
4	1 Year	21.32%
12	3 Years	21.24%
20	5 Years	20.79%
40	10 Years	19.07%
80	20 Years	19.06%
200	50 Years	23.29%

High-to-Low Returns

Gram-Charlier Analysis: Data reveals Highly Right Skewed (Extreme Positive Tail Risk) with a Skewness factor of 3.93. Further, an Excess Kurtosis of 25.90 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -23.92%	0	0.00%	0.00%
-23.92% to -11.16%	0	0.00%	0.00%
-11.16% to 1.60%	0	0.00%	0.00%
1.60% to 14.35%	25	13.51%	13.51%
14.35% to 27.11%	94	50.81%	64.32%
27.11% to 39.87%	43	23.24%	87.57%
39.87% to 52.62%	15	8.11%	95.68%
52.62% to 65.38%	1	0.54%	96.22%
65.38% to 78.14%	4	2.16%	98.38%
Greater than 78.14%	3	1.62%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	10.10%	44.12%	89.73%	68.27%
±2σ	-6.91%	61.13%	96.22%	95.45%
±3σ	-23.92%	78.14%	98.38%	99.73%

Descriptive Statistics

Mean	27.110%
Standard Error	1.250%
Median	23.264%
Mode	25.641%
Standard Deviation	17.009%
Sample Variance	289.291%
Kurtosis	25.90
Skewness	3.93
Range	158.030%
Minimum	9.470%
Maximum	167.500%
Count	185

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	27.110%	185	100.00%	27.110%
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 1.77. Further, an Excess Kurtosis of 5.64 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -48.06%	0	0.00%	0.00%
-48.06% to -36.48%	0	0.00%	0.00%
-36.48% to -24.91%	4	2.16%	2.16%
-24.91% to -13.33%	27	14.59%	16.76%
-13.33% to -1.75%	79	42.70%	59.46%
-1.75% to 9.82%	41	22.16%	81.62%
9.82% to 21.40%	23	12.43%	94.05%
21.40% to 32.98%	5	2.70%	96.76%
32.98% to 44.55%	3	1.62%	98.38%
Greater than 44.55%	3	1.62%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	-17.19%	13.68%	77.30%	68.27%
±2σ	-32.62%	29.12%	96.22%	95.45%
±3σ	-48.06%	44.55%	98.38%	99.73%

Descriptive Statistics

Mean	-1.754%
Standard Error	1.135%
Median	-4.990%
Mode	-30.769%
Standard Deviation	15.435%
Sample Variance	238.236%
Kurtosis	5.64
Skewness	1.77
Range	104.954%
Minimum	-30.769%
Maximum	74.185%
Count	185

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	14.146%	63	34.05%	4.817%
Negative	-9.965%	122	65.95%	-6.572%
Zero	0.000%	0	0.00%	0.000%

TMO Deep Analytical Report