QSR·Restaurant Brands International Inc.

Realized volatility (21d)

22.2% 47th pct

Below its peak

-16.2%

vs 200-day average

-3.2%

Up days (1y)

52%

Restaurant Brands International Inc. is currently running 22.2% annualised volatility over the last 21 sessions. Measured against QSR's own 12 years of daily returns rather than a market-wide average, that is the 47th percentile — close to its own typical level, against a typical reading of 22.8%. 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.

QSR is trading -16.2% below its running peak. Across 11 full years on file, its median worst-drawdown-in-a-year was -22.3%, and the deepest was -57.6% in 2020. The current pullback is therefore shallower than what this stock gives back in a typical year, which is context worth having before treating it as a dislocation.

Price sits -3.2% from its 200-day moving average. Against every other day in its history, that gap ranks at the 31st percentile — close to the gap it normally carries. Over the past year QSR closed higher on 52% of sessions, and it is currently 4 sessions into a rising streak.

On October specifically: over 11 years of records, QSR finished the month higher 5 of 11 times, with a median return of -0.8% and an average of -0.8%. Its strongest month historically has been April at +4.6% on average, its weakest September at -2.3%. 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: QSR has opened more than 2% away from the prior close in 105 of 2,974 sessions (3.5% of the time), with the largest gaps running +17.4% and -9.3%. 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, QSR moved an average of 2.1% in the session after earnings, closing higher 2 of those 3 times, with a median move of +1.3% and a largest of +3.5%.

All figures computed from 2,975 daily closes between 2014-12-12 and 2026-10-13, split-adjusted, recomputed daily. Percentiles are against QSR's own 12-year history, not a peer group or index.