Performing Kolmogorov-Smirnov tests is just a technical step.
The meaning of the data always outweighs the raw methodology.
If minor deviations are ignored, it can mask a significant liquidity risk, as during the 2008 Singapore real estate market crisis.
The principle of parsimony requires us to focus on what matters: interpretation.
Statistical models have failed to capture weak signals, despite the technical compliance of the tests.