What does "calendar effect" mean?

Any market anomaly, particularly of stock markets, which appears to be related to calendar cycles (e.g. the January effect).

What is a synonym for "calendar effect"?

Common synonyms include: quarterly test score pattern, seasonal data pattern.

noun

noun ·Rare ·Advanced level

Noun

1
Any market anomaly, particularly of stock markets, which appears to be related to calendar cycles (e.g. the January effect).