Does South Korean export data lead company revenues?

Helena Yu, Head of Asia Research (Shanghai/Taipei)

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Below we highlight key findings sourced from one of our data providers’ backtesting results.

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The group backtested their South Korean export data to evaluate whether quarterly adjusted export value correlates to a company’s quarterly revenue. Following evaluation, the group discovered an 86% correlation between the two variables overall, strengthening the case for export data as a leading indicator of company revenue.

We believe the most interesting conclusions came from the following specific products with a South Korean dominance: