I "think" I understand your question.
I believe a horse can run a higher figure against lower competition due to having race / pace factors in his favor. Also, was the track sloppy? sealed?
When a cheap horse jumps up and runs a big figure against cheap horses, he wont necessarily translate that to better competition.
PLUS, you have to factor in the age of the horse. Is he a young horse maturing? or an older horse with proven past running lines.
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