True, a market correction is defined as a stock market decline of 10% or more.
What Is a Correction?
In investing, a correction is usually defined as a decline of 10% or more in the price of a security from its most recent peak.
Corrections can happen to individual assets, like an individual stock or bond, or to an index measuring a group of assets.
An asset, index, or market may fall into a correction either briefly or for sustained periods—days, weeks, months, or even longer. However, the average market correction is short-lived and lasts anywhere between three and four months.
Investors, traders, and analysts use charting methods to predict and track corrections.
Many factors can trigger a correction. From a large-scale macroeconomic shift to problems in a single company's management plan, the reasons behind a correction are as varied as the stocks, indexes, or markets they affect.
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