You probably know about Google Trends that measures search queries. Google Trends For Websites is different. You might want to consider it something similar to Alexa.
Google Trends for Websites gives estimates. According to Google:
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all results from Trends for Websites are estimated and anonymous opt-in data sharing setting in Google Analytics.
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Based on this sites that opt-in to share their Google Analytics data will have results that are more accurate than those that don't.
You can compare up to 5 sites at a time with color coded results and bar graphs and charts for each site. Some smaller sites might not yet be included.
Among other uses you'll be able to determine related keywords and searches from visitors to your site as well as those of your competitors.
Google also states the following:
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It's important to keep in mind that all results from Trends for Websites are estimated. Moreover, the data is updated periodically, so recent changes in traffic data may not be reflected. Finally, keep in mind that Trends for Websites is a Google Labs product, so it's still in its early stages of development and may therefore contain some inaccuracies. In the future, we may consider ways to improve the accuracy of Trends for Websites by allowing owners to contribute additional data from their sites.
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Here is the link to it in case you want to take a look. At the present time it displays wikipedia.org as an example
Google Trends for Websites: wikipedia.org
Google Trends For Websites
Linear Mode
