Do the Green and Red MPH flags represent fastest & slowest speed?

I could not find this anywhere in the manual or tutorials. On the overlay of the track showing a specific lap, there are 2 MPH numbers reported for a corner. One is green and the other red. Do these represent fastest speed obtained before slowing to handle a corner and the slowest speed reached in the corner before accelerating out of the corner? Another way to say it is, the faster speed reached during acceleration and slowest speed reached while decelerating?


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