| Null hypothesis: H0 | Eigenvalue | Trace statistic | 5% Critical value |
| r = 0 |
| 81.5151 | 47.21 |
| r ≤ 1 | 0.7479 | 36.0379 | 29.68 |
| r ≤ 2 | 0.4585 | 15.7934 | 15.41 |
| r ≤ 3 | 0.2855 | 4.7018 | 3.76 |
| r ≤ 4 | 0.1328 |
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