NCLH·Norwegian Cruise Line Holdings Ltd.

Realized volatility (21d)

34.4% 43rd pct

Below its peak

-76.7%

vs 200-day average

-22.6%

Up days (1y)

43%

Norwegian Cruise Line Holdings Ltd. is currently running 34.4% annualised volatility over the last 21 sessions. Measured against NCLH's own 13 years of daily returns rather than a market-wide average, that is the 43rd percentile — close to its own typical level, against a typical reading of 37.7%. 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.

NCLH is trading -76.7% below its running peak. Across 12 full years on file, its median worst-drawdown-in-a-year was -37.7%, and the deepest was -86.4% 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 -22.6% from its 200-day moving average. Against every other day in its history, that gap ranks at the 12th percentile — a narrower gap than it typically runs. Over the past year NCLH closed higher on 43% of sessions, and it is currently 3 sessions into a falling streak.

On October specifically: over 14 years of records, NCLH finished the month higher 8 of 14 times, with a median return of +2.1% and an average of +3.7%. Its strongest month historically has been November at +3.9% on average, its weakest March at -6.6%. 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: NCLH has opened more than 2% away from the prior close in 202 of 3,268 sessions (6.2% of the time), with the largest gaps running +11.8% and -13.8%. 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, NCLH moved an average of 2.3% in the session after earnings, closing higher 0 of those 3 times, with a median move of -2.2% and a largest of -3.8%.

All figures computed from 3,269 daily closes between 2013-10-15 and 2026-10-14, split-adjusted, recomputed daily. Percentiles are against NCLH's own 13-year history, not a peer group or index.