CorrlensCorrlens
Correlate

Correlation Analysis

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

XTEXVA01KRM667S vs XTIMVA01KRM667S

+0.994

Very strong positive

When one moves up, the other tends to follow.

Jan 1, 1957 — Jan 1, 2026Daily829 observationsFREDFRED

AI Analysis

The strong correlation between Series A and Series B indicates that these two economic data series move closely together, suggesting they may reflect similar underlying economic conditions or trends. This alignment is significant for investors and economists as it implies that changes in one series can reliably predict changes in the other, making them useful for forecasting. However, while their synchronization shows potential for predictive insights, it's essential to consider external factors that could influence both series over time, and the historical correlation may not guarantee future performance.

Timing Offset

in sync

XTEXVA01KRM667S and XTIMVA01KRM667S 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: +0.995 (13 lags scanned)

R-Squared

98.9%

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

829

Deep shared window — 829 usable pairs.

Significance

p < 0.001

95% CI: [0.989, 0.997] (approximate)

Time Series

Rebased to 100

Green: XTEXVA01KRM667SGray: XTIMVA01KRM667S36 of 829 points (sampled)

Scatter

XY Regression

-5,705,335,979020,000,000,00040,000,000,00060,000,000,00077,041,981,554-4,600,257,808010,000,000,00020,000,000,00030,000,000,00040,000,000,00050,000,000,00060,000,000,00062,321,600,578International Merchandise Trade Statistics: Exports: Commodities for KoreaInternational Merchandise Trade Statistics: Imports: Commodities for KoreaData pointsFit (r = 0.994)

Pipeline

Data quality details

Pipeline Summary

829 paired observations survived the daily window.

Raw input

829

829

Normalized

829

829

Prepared

829

829

Aligned

829

829

Invalid removed

0

A: 0 / B: 0

Duplicates removed

0

A: 0 / B: 0

Alignment drops

0

A: 0 / B: 0

Series A

XTEXVA01KRM667S

International Merchandise Trade Statistics: Exports: Commodities for Korea

FRED · 829 raw → 829 prepared

Series B

XTIMVA01KRM667S

International Merchandise Trade Statistics: Imports: Commodities for Korea

FRED · 829 raw → 829 prepared

Sign agreement

100.0%

How often both values share the same sign.

Zero crossings

5

Estimated crossover points between normalized spreads.

Slope

0.8835

Linear regression slope.

Intercept

427576920.6305

Linear regression intercept.

Saved 13 hours ago · ID: fred-xtexva01krm667s-vs-fred-xtimva01krm667s-daily-20260406-k7y9tg