# Negative skew - Stock returns - Clarification

I'm aware, that negative skew means long left tail and the mean < median < mode. Also aware, that negative skew is where most values are plotted on the right side of the graph.

But the following statement confuses me the most.

It is characterized by many small gains and a few extreme losses

Shouldn't it be many large positive gains (Most values are plotted on the right of the graph) and few small losses (Long left tail)

• What exactly do you mean by the "right side of the graph," given you have named three distinct locations that can serve as the middle to split right from left?
– whuber
Feb 12, 2022 at 21:15
• Added a graph, indicating that most of the values occurs on the right of the distribution. Feb 12, 2022 at 21:19
• It's still completely unclear what you mean by "right" and "most." For instance, when we define (as is usual) the "right" to mean the "upper half," then by definition there are equal amounts on both sides.
– whuber
Feb 12, 2022 at 21:25