CorrlensCorrlens
Correlate

Correlation Analysis

International Merchandise Trade Statistics: Exports: Commodities for Canada vs International Merchandise Trade Statistics: Imports: Commodities for Canada

XTEXVA01CAM667S vs XTIMVA01CAM667S

+0.996

Very strong positive

When one moves up, the other tends to follow.

Jan 1, 1957 — Dec 1, 2025Daily828 observationsFREDFRED

AI Analysis

The exceptionally high correlation between Series A and Series B suggests that these two economic indicators move closely together, indicating a strong relationship in their underlying trends. This alignment is particularly useful for investors and economists, as it implies that changes in one series are likely to signal similar movements in the other, enhancing predictive power. However, while the timing is synchronized, it's essential to consider external factors that might influence these series independently, so relying solely on this correlation for investment decisions should be approached with caution.

Timing Offset

in sync

XTEXVA01CAM667S and XTIMVA01CAM667S tend to move at the same time.

-6-5-4-3-2-10+1+2+3+4+5+6

Correlation at each lag offset (periods). Peak marked with dot.

Peak correlation at offset: +0.996 (13 lags scanned)

R-Squared

99.3%

Share of variance in one series explained by the other.

Trend Agreement

82.9%

How often both series moved in the same direction period-to-period.

Overlap Quality

828

Deep shared window — 828 usable pairs.

Time Series

Rebased to 100

Green: XTEXVA01CAM667SGray: XTIMVA01CAM667S36 points

Scatter

XY Regression

-3,365,886,508010,000,000,00020,000,000,00030,000,000,00040,000,000,00050,000,000,00051,048,066,408-3,326,383,324010,000,000,00020,000,000,00030,000,000,00040,000,000,00050,000,000,00051,268,408,024International Merchandise Trade Statistics: Exports: Commodities for CanadaInternational Merchandise Trade Statistics: Imports: Commodities for CanadaData pointsFit (r = -0.996)

Pipeline

Data quality details

Pipeline Summary

828 paired observations survived the daily window.

Raw input

828

828

Normalized

828

828

Prepared

828

828

Aligned

828

828

Invalid removed

0

A: 0 / B: 0

Duplicates removed

0

A: 0 / B: 0

Alignment drops

0

A: 0 / B: 0

Series A

XTEXVA01CAM667S

International Merchandise Trade Statistics: Exports: Commodities for Canada

FRED · 828 raw → 828 prepared

Series B

XTIMVA01CAM667S

International Merchandise Trade Statistics: Imports: Commodities for Canada

FRED · 828 raw → 828 prepared

Sign agreement

100.0%

How often both values share the same sign.

Zero crossings

8

Estimated crossover points between normalized spreads.

Slope

0.9830

Linear regression slope.

Intercept

-513480459.1864

Linear regression intercept.

Saved 10 hours ago · ID: fred-xtexva01cam667s-vs-fred-xtimva01cam667s-daily-20260406-5tj4w0