Modeling and Risk Analysis Using Parametric Distributions with an Application in Equity-Linked Securities

Table 1

The features of distributions.

[1.2 pt]	Normality	Kurtosis	Skewness
Cauchy	X	O	X
Laplace	X	O	X
Normal	O	X	X
Student’s t	O	O	X
Skew normal	O	X	O
Skew Cauchy	O	X	O
Skew Laplace	O	X	O
Skew Student’s t	O	O	O
Hyperbolic	O	O	O
NIG	O	O	O
Variance gamma	O	O	O
G. hyperbolic	O	O	O