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Calendar effect

   Also found in: Wikipedia 0.09 sec.
Calendar effect
Describes the tendency of stocks to perform differently at different times. For example, a number of researchers have documented that historically, returns tend to be higher in January compared to other months (especially February). Others have documented returns patterns across days of the week and within the day. Some of these patterns are found in volume and volatility as well as returns.

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Net sales in the first quarter were negatively impacted by the Easter calendar effect by approximately 0.
8 million, and adjustments for the unfavourable calendar effect, which stood at EUR -69.
 
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