HSY·The Hershey Company

Realized volatility (21d)

18.3% 52nd pct

Below its peak

-41.0%

vs 200-day average

-14.3%

Up days (1y)

48%

The Hershey Company is currently running 18.3% annualised volatility over the last 21 sessions. Measured against HSY's own 13 years of daily returns rather than a market-wide average, that is the 52nd percentile — close to its own typical level, against a typical reading of 18.0%. 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.

HSY is trading -41.0% below its running peak. Across 12 full years on file, its median worst-drawdown-in-a-year was -18.4%, and the deepest was -34.9% in 2023. 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 -14.3% from its 200-day moving average. Against every other day in its history, that gap ranks at the 4th percentile — a narrower gap than it typically runs. Over the past year HSY closed higher on 48% of sessions, and it is currently 1 session into a falling streak.

On October specifically: over 13 years of records, HSY finished the month higher 6 of 13 times, with a median return of -2.4% and an average of -0.6%. Its strongest month historically has been February at +3.2% on average, its weakest September at -1.9%. 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: HSY has opened more than 2% away from the prior close in 58 of 3,267 sessions (1.8% of the time), with the largest gaps running +5.3% and -6.0%. 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, HSY moved an average of 2.0% in the session after earnings, closing higher 1 of those 3 times, with a median move of -1.7% and a largest of +2.5%.

All figures computed from 3,268 daily closes between 2013-10-15 and 2026-10-13, split-adjusted, recomputed daily. Percentiles are against HSY's own 13-year history, not a peer group or index.