ELV·Elevance Health, Inc.

Realized volatility (21d)

21.2% 30th pct

Below its peak

-26.8%

vs 200-day average

+12.7%

Up days (1y)

49%

Elevance Health, Inc. is currently running 21.2% annualised volatility over the last 21 sessions. Measured against ELV's own 13 years of daily returns rather than a market-wide average, that is the 30th percentile — on the quiet side for this stock, against a typical reading of 24.8%. The distinction matters because a number that looks calm for one stock is turbulent for another, and the absolute figure on its own tells you neither.

ELV is trading -26.8% below its running peak. Across 12 full years on file, its median worst-drawdown-in-a-year was -18.8%, and the deepest was -43.3% in 2020. The current drawdown is already deeper than this stock's typical annual low point, which puts it in the part of its range where past recoveries began — and where past declines also continued.

Price sits +12.7% from its 200-day moving average. Against every other day in its history, that gap ranks at the 72nd percentile — a somewhat wider gap than its own norm. Over the past year ELV closed higher on 49% of sessions, and it is currently 1 session into a rising streak.

On October specifically: over 13 years of records, ELV finished the month higher 8 of 13 times, with a median return of +1.0% and an average of +2.7%. Its strongest month historically has been November at +5.6% on average, its weakest July at -2.0%. Seasonality is a weak signal on its own — a decade is a small sample and regimes change — but it is a real distribution rather than a rule of thumb.

Overnight risk is measurable too: ELV has opened more than 2% away from the prior close in 101 of 3,266 sessions (3.1% of the time), with the largest gaps running +7.0% and -10.8%. For anyone holding through an event, that rate is a better guide to overnight exposure than the intraday range.

Across the last 3 dated reports on file, ELV moved an average of 3.5% in the session after earnings, closing higher 1 of those 3 times, with a median move of -0.8% and a largest of +5.5%.

All figures computed from 3,267 daily closes between 2013-10-14 and 2026-10-09, split-adjusted, recomputed daily. Percentiles are against ELV's own 13-year history, not a peer group or index.