The effectiveness of seasonal investments in European Share Portfolios

In this paper, calendar seasonality patterns are examined from day-of-the-week effect across weekly patterns, monthly analysis and whole-year seasonal strategies such as Sell in May and Halloween effect. The analysis is done across six indices, DAX, MDAX, SDAX, Eurostoxx 50, Stoxx Europe Mid 200 and Stoxx Europe Small 200. The observation period is from 1990 to 2015. The evidence found in this paper cannot support the Monday effect across all Indices. The Sell in May effect and Halloween effect were found to be existent over the whole observation period and being mostly influenced by the absence of investment in August and September

The CALIPSO Mission and Initial Observations of Aerosols and Clouds from CALIOP

Launched in April 2006, the CALIPSO satellite provides unique global measurements of aerosols and clouds using a two-wavelength polarization lidar. This paper discusses mission status, instrument performance, and initial results

Spectral irradiance of total and spectral energy standards

Spectral irradiance measurements of tungsten and carbon filament lamps for energy standards and accuracy limits used in space simulator

Initial Results from CALIPSO

CALIPSO will carry the first polarization lidar in orbit, along with infrared and visible passive imagers, and will fly in formation as part of the Afternoon Constellation (A-train). The acquisition of observations which are simultaneous and coincident with observations from other instruments of the A-train will allow numerous synergies to be realized from combining CALIPSO observations with observations from other platforms. In particular, cloud observations from the CALIPSO lidar and the CloudSat radar will complement each other, together encompassing the variety of clouds found in the atmosphere, from thin cirrus to deep convective clouds. CALIPSO has been developed within the framework of a collaboration between NASA and CNES and is currently scheduled to launch, along with the CloudSat satellite, in spring 2006. This paper will present an overview of the CALIPSO mission, including initial results

CALIPSO Observations of Stratospheric Aerosols: A Preliminary Assessment

We have examined the 532-nm aerosol backscatter coefficient measurements by the Cloud- Aerosol Lidar and Infrared Pathfinder Satellite Observations (CALIPSO) for their use in the observation of stratospheric aerosol. CALIPSO makes observations that span from 82 S to 82 N each day and, for each profile, backscatter coefficient values reported up to approx. 40 km. The possibility of using CALIPSO for stratospheric aerosol observations is demonstrated by the clear observation of the 20 May 2006 eruption of Montserrat in the earliest CALIPSO data in early June as well as by observations showing the 7 October 2006 eruption of Tavurvur (Rabaul). However, the very low aerosol loading within the stratosphere makes routine observations of the stratospheric aerosol far more difficult than relatively dense volcanic plumes. Nonetheless, we found that averaging a complete days worth of nighttime only data into 5-deg latitude by 1-km vertical bins reveals a stratospheric aerosol data centered near an altitude of 20 km, the clean wintertime polar vortices, and a small maximum in the lower tropical stratosphere. However, the derived values are clearly too small and often negative in much of the stratosphere. The data can be significantly improved by increasing the measured backscatter (molecular and aerosol) by approximately 5% suggesting that the current method of calibrating to a pure molecular atmosphere at 30 km is most likely the source of the low values

Where is the best site on Earth? Domes A, B, C and F, and Ridges A and B

The Antarctic plateau contains the best sites on earth for many forms of astronomy, but none of the existing bases was selected with astronomy as the primary motivation. In this article, we try to systematically compare the merits of potential observatory sites.We include South Pole, Domes A, C, and F, and also Ridge B (running northeast from Dome A), and what we call "Ridge A" (running southwest from Dome A). Our analysis combines satellite data, published results, and atmospheric models, to compare the boundary layer, weather, aurorae, airglow, precipitable water vapor, thermal sky emission, surface temperature, and the free atmosphere, at each site. We find that all Antarctic sites are likely to be compromised for optical work by airglow and aurorae. Of the sites with existing bases, Dome A is easily the best overall; but we find that Ridge A offers an even better site. We also find that Dome F is a remarkably good site. Dome C is less good as a thermal infrared or terahertz site, but would be able to take advantage of a predicted "OH hole" over Antarctica during spring.Comment: Revised version. 16 pages, 21 figures (22 in first version). Submitted to PASP 16/05/09, accepted 13/07/09; published 20/08/0

Selection Algorithm for the CALIPSO Lidar Aerosol Extinction-to-Backscatter Ratio

The extinction-to-backscatter ratio (S(sub a)) is an important parameter used in the determination of the aerosol extinction and subsequently the optical depth from lidar backscatter measurements. We outline the algorithm used to determine Sa for the Cloud and Aerosol Lidar and Infrared Pathfinder Spaceborne Observations (CALIPSO) lidar. S(sub a) for the CALIPSO lidar will either be selected from a look-up table or calculated using the lidar measurements depending on the characteristics of aerosol layer. Whenever suitable lofted layers are encountered, S(sub a) is computed directly from the integrated backscatter and transmittance. In all other cases, the CALIPSO observables: the depolarization ratio, delta, the layer integrated attenuated backscatter, beta, and the mean layer total attenuated color ratio, gamma, together with the surface type, are used to aid in aerosol typing. Once the type is identified, a look-up-table developed primarily from worldwide observations, is used to determine the S(sub a) value. The CALIPSO aerosol models include desert dust, biomass burning, background, polluted continental, polluted dust, and marine aerosols

Characterization of Polar Stratospheric Clouds With Spaceborne Lidar: CALIPSO and the 2006 Antarctic Season

The role of polar stratospheric clouds in polar ozone loss has been well documented. The CALIPSO satellite mission offers a new opportunity to characterize PSCs on spatial and temporal scales previously unavailable. A PSC detection algorithm based on a single wavelength threshold approach has been developed for CALIPSO. The method appears to accurately detect PSCs of all opacities, including tenuous clouds, with a very low rate of false positives and few missed clouds. We applied the algorithm to CALIPSO data acquired during the 2006 Antarctic winter season from 13 June through 31 October. The spatial and temporal distribution of CALIPSO PSC observations is illustrated with weekly maps of PSC occurrence. The evolution of the 2006 PSC season is depicted by time series of daily PSC frequency as a function of altitude. Comparisons with virtual solar occultation data indicate that CALIPSO provides a different view of the PSC season than attained with previous solar occultation satellites. Measurement-based time series of PSC areal coverage and vertically-integrated PSC volume are computed from the CALIPSO data. The observed area covered with PSCs is significantly smaller than would be inferred from a temperature-based proxy such as TNAT but is similar in magnitude to that inferred from TSTS. The potential of CALIPSO measurements for investigating PSC microphysics is illustrated using combinations of lidar backscatter coefficient and volume depolarization to infer composition for two CALIPSO PSC scenes

Extinction coefficients retrieved in deep tropical ice clouds from lidar observations using a CALIPSO-like algorithm compared to in-situ measurements from the Cloud Integrated Nephelometer during CRYSTAL-FACE

International audienceThis paper presents a comparison of lidar ratios and volume extinction coefficients in tropical ice clouds, retrieved using observations from two instruments: the 532-nm Cloud Physics Lidar (CPL), and the in-situ Cloud Integrating Nephelometer (CIN) probe. Both instruments were mounted on airborne platforms during the CRYSTAL-FACE campaign and took measurements up to 17 km. Coincident observations from two cases of ice clouds located on top of deep convective systems are compared. First, lidar ratios are retrieved from CPL observations of attenuated backscatter, using a retrieval algorithm for opaque cloud similar to one used in the soon-to-be launched CALIPSO mission, and compared to results from the regular CPL algorithm. These lidar ratios are used to retrieve extinction coefficient profiles, which are compared to actual observations from the CIN in-situ probe, putting the emphasis on their vertical variability. When observations coincide, retrievals from both instruments are very similar. Differences are generally variations around the average profiles, and general trends on larger spatial scales are usually well reproduced. The two instruments agree well, with an average difference of less than 11% on optical depth retrievals. Results suggest the CALIPSO Deep Convection algorithm can be trusted to deliver realistic estimates of the lidar ratio, leading to good retrievals of extinction coefficients

Adjoint inversion modeling of Asian dust emission using lidar observations

International audienceA four-dimensional variational (4D-Var) data assimilation system for a regional dust model (RAMS/CFORS-4DVAR; RC4) is applied to an adjoint inversion of a heavy dust event over eastern Asia during 20 March?4 April 2007. The vertical profiles of the dust extinction coefficients derived from NIES Lidar network are directly assimilated, with validation using observation data. Two experiments assess impacts of observation site selection: Experiment A uses five Japanese observation sites located downwind of dust source regions; Experiment B uses these and two other sites near source regions. Assimilation improves the modeled dust extinction coefficients. Experiment A and Experiment B assimilation results are mutually consistent, indicating that observations of Experiment A distributed over Japan can provide comprehensive information related to dust emission inversion. Time series data of dust AOT calculated using modeled and Lidar dust extinction coefficients improve the model results. At Seoul, Matsue, and Toyama, assimilation reduces the root mean square differences of dust AOT by 35?40%. However, at Beijing and Tsukuba, the RMS differences degrade because of fewer observations during the heavy dust event. Vertical profiles of the dust layer observed by CALIPSO are compared with assimilation results. The dense dust layer was trapped at potential temperatures (?) of 280?300 K and was higher toward the north; the model reproduces those characteristics well. Latitudinal distributions of modeled dust AOT along the CALIPSO orbit paths agree well with those of CALIPSO dust AOT, OMI AI, and MODIS coarse-mode AOT, capturing the latitude at which AOTs and AI have high values. Assimilation results show increased dust emissions over the Gobi Desert and Mongolia; especially for 29?30 March, emission flux is about 10 times greater. Strong dust uplift fluxes over the Gobi Desert and Mongolia cause the heavy dust event. Total optimized dust emissions are 57.9 Tg (Experiment A; 57.8% larger than before assimilation) and 56.3 Tg (Experiment B; 53.4% larger)