The phrase "percent correction" refers to a decrease or adjustment in value by a certain percentage. It indicates a change that aims to fix or rectify a situation by reducing the value by a specific proportion. Full definition
A 20 or 30 percent correction in stock prices after the run of the last few years would be very healthy. (cnbc.com)
One prediction is that cryptocurrencies will experience a 90 percent correction within the next 12 months with «very few companies» surviving. (cnbc.com)
With the S&P 500 in a 10 percent correction from its record high in late January, investors were increasingly concerned a nine - year bull market might be in danger of ending. (reuters.com)