{"product_id":"return-distribution-a5","title":"Return Distribution - A5","description":"\u003cp data-start=\"75\" data-end=\"118\"\u003e\u003cstrong data-start=\"75\" data-end=\"118\"\u003eAre stock returns normally distributed?\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp data-start=\"120\" data-end=\"671\"\u003eThis visual compares the theoretical normal distribution with actual U.S. stock market returns over the past decade. Outlined circles represent the bell curve implied by a normal distribution calibrated on observed mean and volatility. Filled circles represent realized weekly returns, stacked within return bins. Blue circles fall within the range predicted by the normal distribution. Red circles correspond to outcomes that exceed theoretical expectations, revealing the presence of fat tails and the disproportionate role of extreme market events.\u003c\/p\u003e\n\u003cp data-start=\"673\" data-end=\"896\"\u003e\u003cstrong data-start=\"673\" data-end=\"690\"\u003eData \u0026amp; Method\u003c\/strong\u003e\u003cbr data-start=\"690\" data-end=\"693\"\u003eWeekly S\u0026amp;P 500 returns, August 2015–August 2025 (522 weeks), from the Kenneth R. French Data Library. Returns binned at 0.5% intervals. Normal distribution fitted to observed mean and standard deviation.\u003c\/p\u003e\n\u003chr data-start=\"898\" data-end=\"901\"\u003e\n\u003cp data-start=\"903\" data-end=\"929\"\u003e\u003cstrong data-start=\"903\" data-end=\"929\"\u003eProduct Specifications\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp data-start=\"931\" data-end=\"1178\"\u003eFormat: A5 (148 × 210 mm)\u003cbr data-start=\"956\" data-end=\"959\"\u003eOrientation: Portrait\u003cbr data-start=\"981\" data-end=\"984\"\u003ePaper: 300 g\/m² premium uncoated paper\u003cbr data-start=\"1022\" data-end=\"1025\"\u003ePrinting: High-resolution digital print\u003cbr data-start=\"1064\" data-end=\"1067\"\u003eFinish: Matte\u003cbr data-start=\"1080\" data-end=\"1083\"\u003eFrame: Not included\u003cbr data-start=\"1102\" data-end=\"1105\"\u003ePackaging: Flat protective sleeve\u003cbr data-start=\"1138\" data-end=\"1141\"\u003eProduction: Printed in France (Paris)\u003c\/p\u003e","brand":"Ceteris Paribus","offers":[{"title":"Default Title","offer_id":56598779330904,"sku":null,"price":15.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0955\/0800\/5208\/files\/RETURN.jpg?v=1769374083","url":"https:\/\/shop.ceterisparibus.art\/products\/return-distribution-a5","provider":"Ceteris Paribus","version":"1.0","type":"link"}