Basically title, this symbol is on the tires of my new (to me) CAAD12. Are the tires on backwards? The right side of the picture is the front of the bike, the left side is the rear. This is the front tire. Another picture below showing which way the tread is facing. The tread “looks” right, it appears it would channel water away from the center correctly.
If I had to guess the arrow shows what direction the tire should rotate in and the correct direction is dependent on whether the tire is in the front or the rear.