Correlation Analysis
Real Gross Domestic Product for Republic of Korea vs Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Korea
NGDPRSAXDCKRQ vs LRUNTTTTKRM156S
+0.028
Near-zero positive
When one moves up, the other tends to follow.
AI Analysis
The correlation between these two economic series is very weak, indicating that changes in one do not reliably predict changes in the other. Although there is a slight trend agreement where both series move in the same direction about 40% of the time, the lack of a strong correlation suggests limited practical significance for investors or economists looking to draw conclusions based on these data sets. Additionally, while one series leads the other by six periods, this timing offset does not imply a meaningful relationship, so caution should be exercised in using this information for decision-making.
Timing Offset
x leads y by 6 periods
NGDPRSAXDCKRQ tends to move before LRUNTTTTKRM156S.
Correlation at each lag offset (periods). Peak marked with dot.
Peak correlation at offset: -0.343 (13 lags scanned)
R-Squared
0.0%
Share of variance in one series explained by the other.
Trend Agreement
40.0%
How often both series moved in the same direction period-to-period.
Overlap Quality
144
Usable shared window — 144 usable pairs.
Significance
n.s.
95% CI: [-0.320, 0.337] (approximate)
Time Series
Rebased to 100
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
144 paired observations survived the daily window.
Raw input
264
433
Normalized
264
433
Prepared
264
433
Aligned
144
144
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
409
A: 120 / B: 289
Series A
NGDPRSAXDCKRQ
Real Gross Domestic Product for Republic of Korea
FRED · 264 raw → 264 prepared
Series B
LRUNTTTTKRM156S
Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Korea
FRED · 433 raw → 433 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
0.0000
Linear regression slope.
Intercept
3.4308
Linear regression intercept.
Saved 13 hours ago · ID: fred-ngdprsaxdckrq-vs-fred-lrunttttkrm156s-daily-20260406-j75ayx