| S&P/TSX | DAX | FTSE100 | CAC40 | AEX | |
| Observed Mean | 83.61% | 88.52% | 88.52% | 88.52% | 86.89% |
| Observed SD | 37.33% | 32.14% | 32.14% | 32.14% | 34.04% |
| Random Mean | 6.25% | 6.25% | 6.25% | 6.25% | 6.25% |
| Random SD | 24.21% | 24.21% | 24.21% | 24.21% | 24.21% |
| t-stat | 3.50 | 3.17 | 3.17 | 3.17 | 3.29 |
| NIKKEI | HANGSENG | KOSPI | ASX | IBOVESPA | |
| Observed Mean | 65.57% | 77.05% | 65.57% | 80.33% | 73.77% |
| Observed SD | 47.91% | 42.40% | 47.91% | 40.08% | 44.35% |
| Random Mean | 6.25% | 6.25% | 6.25% | 6.25% | 6.25% |
| Random SD | 24.21% | 24.21% | 24.21% | 24.21% | 24.21% |
| t-stat | 4.23 | 3.84 | 4.23 | 3.69 | 3.98 |