The values of , , , , and for the six indices.

, and are determined from the historical data for each index. We calculate from and , and from . Student’s t-test is performed to analyze the statistical significance of . A p-value less than 0.05 is considered statistically significant. We compute from the linear relation between and for all these indices. As for the Shanghai Index is negative, it is rounded down to the nearest integer, while for other indices are positive, and each of them is rounded up to the nearest integer.