Correlation Analysis
South Korean Won to U.S. Dollar Spot Exchange Rate vs Canadian Dollars to U.S. Dollar Spot Exchange Rate
DEXKOUS vs DEXCAUS
+0.281
Light positive
When one moves up, the other tends to follow.
AI Analysis
The correlation between DEXKOUS and DEXCAUS suggests a moderate relationship, where around 12% of the variability in one series can be explained by the other. Notably, DEXKOUS leads DEXCAUS by about six days, indicating that movements in DEXKOUS may provide early signals about future trends in DEXCAUS. However, with a significant portion of periods moving in different directions and a relatively low correlation, investors should be cautious in relying solely on this relationship for decision-making, as it may not capture all relevant market dynamics.
Timing Offset
x leads y by 6 periods
DEXKOUS tends to move before DEXCAUS.
Correlation at each lag offset (periods). Peak marked with dot.
Peak correlation at offset: -0.420 (13 lags scanned)
R-Squared
11.2%
Share of variance in one series explained by the other.
Trend Agreement
61.8%
How often both series moved in the same direction period-to-period.
Overlap Quality
11,236
Deep shared window — 11,236 usable pairs.
Significance
p < 0.05
95% CI: [0.006, 0.597] (approximate)
Time Series
Rebased to 100
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
11,236 paired observations survived the daily window.
Raw input
11,236
13,856
Normalized
11,236
13,856
Prepared
11,236
13,856
Aligned
11,236
11,236
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
2,620
A: 0 / B: 2620
Series A
DEXKOUS
South Korean Won to U.S. Dollar Spot Exchange Rate
FRED · 11,236 raw → 11,236 prepared
Series B
DEXCAUS
Canadian Dollars to U.S. Dollar Spot Exchange Rate
FRED · 13,856 raw → 13,856 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
5
Estimated crossover points between normalized spreads.
Slope
0.0002
Linear regression slope.
Intercept
1.0744
Linear regression intercept.
Saved 13 hours ago · ID: fred-dexkous-vs-fred-dexcaus-daily-20260406-nn2ep2