correction


correction
Reverse movement, usually downward, in the price of an individual stock, bond, commodity, or index. If prices have been rising on the market as a whole, and then fall dramatically, this is known as a correction within an upward trend. Antithesis of a technical rally. Bloomberg Financial Dictionary
See: dip, break. Bloomberg Financial Dictionary
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A reverse movement in the value of shares or securities, usually a sharp downturn in the value. Financial Services Glossary
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This covers any corrections made to trade reports. London Stock Exchange Glossary

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correction cor‧rec‧tion [kəˈrekʆn] noun [countable, uncountable]
FINANCE a change in the prices on a financial market, usually when they fall quickly because they have been too high and are no longer related to the real condition of companies and the economy:

• Market watchers are expecting a stockmarket correction in February.

• The fall in equity prices in October 1987 may have been no more than a correction to the market.

ˌtechnical corˈrection [countable]
FINANCE a rise or fall in the price of a share, bond, currency etc that follows a very large fall or rise and brings it back to its real value:

• a technical correction in the market

— see also error correction

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   A correction in technical analysis refers to a price movement in the opposite direction of the trend. Corrections can occur on both the up- and downside of a trend. The market ultimately reverts from a correction to the overall trend.
   ► See also Technical Analysis.

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correction UK US /kəˈrekʃən/ noun [C or U]
(also market correction) FINANCE, STOCK MARKET a change in the prices in a financial market, especially when they go down after a period when they have been too high in relation to the real situation in companies, the economy, etc.: »

It looks like last week's correction is over and prices are going to go higher.

the fact of making something, for example an amount or a calculation, more accurate: correction to sth »

No corrections to these figures will be allowed once the form has been submitted.

See also TECHNICAL CORRECTION(Cf. ↑technical correction)

Financial and business terms. 2012.

Synonyms:

Look at other dictionaries:

  • correction — [ kɔrɛksjɔ̃ ] n. f. • XIIIe; lat. correctio I ♦ Action de corriger. 1 ♦ Vx Action de corriger, de changer en mieux, de ramener à la règle. ⇒ amélioration, amendement, perfectionnement, réforme. La correction des fautes, des abus. La correction… …   Encyclopédie Universelle

  • correction — CORRECTION. s. fém. Action de corriger. Cela mérite correction. Légère correction. Sévère correction. Rudecorrection. f♛/b] Il se dit Des choses morales et politiques. La correction des défauts. La correction des abus. Cela a besoin de correction …   Dictionnaire de l'Académie Française 1798

  • correction — Correction. s. f. v. Action par laquelle on corrige. Il se dit des choses morales & politiques. Correction des defauts. correction des abus. cela a besoin de correction. correction d un mauvais usage. correction des moeurs. correction des erreurs …   Dictionnaire de l'Académie française

  • Correction — Cor*rec tion (k?r r?k sh?n), n. [L. correctio: cf. F. correction.] 1. The act of correcting, or making that right which was wrong; change for the better; amendment; rectification, as of an erroneous statement. [1913 Webster] The due correction of …   The Collaborative International Dictionary of English

  • Correction — may refer to: An euphemism for punishment Correction (newspaper), the posting of a notice of a mistake in a past issue of a newspaper Correction (stock market), in financial markets, a short term price decline Correction (novel), a 1975 novel by… …   Wikipedia

  • correction — mid 14c., action of correcting, from O.Fr. correccion (13c.) correction, amendment; punishment, rebuke, from L. correctionem (nom. correctio), noun of action from correct , pp. stem of corrigere (see CORRECT (Cf. correct)). Meaning chastisement… …   Etymology dictionary

  • correction — cor·rec·tion n 1: a decline in market price or business activity following and counteracting a rise 2: the treatment and rehabilitation of offenders through a program involving penal custody, parole, and probation often used in pl.… …   Law dictionary

  • Correction — (v. lat.), 1) Berichtigung, Besserung, Zurückbringung auf eine Norm, so C. des Barometerstandes, s. u. Barometer; 2) Correction der Gewässer, die Regulirung der Ufer u. Betten von Gewässern nach den von der Natur hierbei vorgeschriebenen Gesetzen …   Pierer's Universal-Lexikon

  • correction — [n1] adjustment; fixing alteration, amelioration, amending, amendment, changing, editing, emendation, improvement, indemnification, mending, modification, rectification, redress, reexamination, remodeling, repair, reparation, rereading, revisal,… …   New thesaurus

  • correction — Correction, Emendatio, Correctio. Correction d une escriture, Notae …   Thresor de la langue françoyse

  • Correction — action to eliminate a detected nonconformity (p. 3.6.6 ISO 9000:2005). Источник …   Словарь-справочник терминов нормативно-технической документации