| 变量 | ADF值 | p值 | 是否平稳 |
| SH | −27.922 | 0.0000 | 1% level平稳 |
| SZ | −27.271 | 0.0000 | 1% level平稳 |
| CY | −28.334 | 0.0000 | 1% level平稳 |
| ZZ500 | −27.888 | 0.0000 | 1% level平稳 |
| ZZ1000 | −26.583 | 0.0000 | 1% level平稳 |
| GZ2000 | −26.602 | 0.0000 | 1% level平稳 |