Hi All,

I am trying to determine if two time series (closing prices of two securities)are cointegrated. The two pass the eyeball test.

I have conducted both the Johansen and Engle-Granger tests. The results are attached.

I don’t know how to interpret the results. I was hoping for a big “YES”, “NO” or at least a  “LIKELY” at the end of the tests.

If anyone would tell me which statistics I should be looking at and how to interpret them, I would sure appreciate it.

If you are kind enough to do that, please speak slowly because I am not a data scientist!

Best regards,

MikeC