A method, apparatus, and system for measuring and analyzing the effects of dynamics modifying processors on a signal. This new approach utilizes statistical analysis techniques to provide a direct comparison and evaluation between the processed signal and the unprocessed signal's dynamic characteristics. The method identifies and quantifies Effective Dynamic Range, Clip Tolerance, Lower Limit Tolerance, Crest Factor, and Diminuendo Factor, using either peak or r.m.s values. In an alternative embodiment, the invention allows for user adjustment and control of the relative relationship of Crest Factor and Diminuendo Factor, which the user may perceive as loudness.