En réponse à@
Simplified reading: a Kolmogorov-Smirnov test is a tool; it does not realize a methodology.
Performing tests does not create tangibility; it is the quality of inputs that does.
If empirical data are biased or the benchmark is inappropriate, the test is useless.
Comparing an illiquid asset portfolio to a liquid market index, for example, makes any application of the test irrelevant.
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