From Apple about the Activity Rings:
Check your progress
Open the Activity app on your Apple Watch at any time to see how you’re doing. The Activity app displays three rings.
- The red Move ring shows how many active calories you’ve burned.
- The green Exercise ring shows how many minutes of brisk activity you’ve done.
- The blue Stand ring shows how many times in the day you’ve stood and moved for at least one minute per hour.
Probably not