CorrlensCorrlens
Correlate

Correlation Analysis

International Merchandise Trade Statistics: Exports: Commodities for United Kingdom vs International Merchandise Trade Statistics: Imports: Commodities for United Kingdom

XTEXVA01GBM667S vs XTIMVA01GBM667S

+0.986

Very strong positive

When one moves up, the other tends to follow.

Jan 1, 1957 — Dec 1, 2025Daily828 observationsFREDFRED

AI Analysis

The strong correlation between Series A and Series B indicates that they tend to move together closely over time, suggesting that changes in one are likely to be mirrored in the other. This alignment is particularly useful for investors and economists, as a high degree of trend agreement and synchronization can inform decision-making based on these indicators. However, while the lead/lag relationship shows they are in sync, it’s essential to remain cautious about potential external factors that may influence both series and to consider that correlation does not imply causation.

Timing Offset

in sync

XTEXVA01GBM667S and XTIMVA01GBM667S 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: +0.977 (13 lags scanned)

R-Squared

95.5%

Share of variance in one series explained by the other.

Trend Agreement

80.0%

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

Overlap Quality

828

Deep shared window — 828 usable pairs.

Significance

p < 0.001

95% CI: [0.956, 0.989] (approximate)

Time Series

Rebased to 100

Green: XTEXVA01GBM667SGray: XTIMVA01GBM667S36 of 828 points (sampled)

Scatter

XY Regression

-2,590,984,004010,000,000,00020,000,000,00030,000,000,00040,000,000,00045,923,807,704-4,483,505,888020,000,000,00040,000,000,00060,000,000,00073,607,872,288International Merchandise Trade Statistics: Exports: Commodities for United KingdomInternational Merchandise Trade Statistics: Imports: Commodities for United KingdomData pointsFit (r = 0.986)

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

XTEXVA01GBM667S

International Merchandise Trade Statistics: Exports: Commodities for United Kingdom

FRED · 828 raw → 828 prepared

Series B

XTIMVA01GBM667S

International Merchandise Trade Statistics: Imports: Commodities for United Kingdom

FRED · 828 raw → 828 prepared

Sign agreement

100.0%

How often both values share the same sign.

Zero crossings

3

Estimated crossover points between normalized spreads.

Slope

1.4356

Linear regression slope.

Intercept

-1637711812.6573

Linear regression intercept.

Saved 13 hours ago · ID: fred-xtexva01gbm667s-vs-fred-xtimva01gbm667s-daily-20260406-ndyfgy