SAP·SAP SE

Realized volatility (21d)

17.2% 23rd pct

Below its peak

-29.3%

vs 200-day average

+14.6%

Up days (1y)

51%

SAP SE is currently running 17.2% annualised volatility over the last 21 sessions. Measured against SAP's own 13 years of daily returns rather than a market-wide average, that is the 23rd percentile — unusually subdued by its own history, against a typical reading of 22.3%. 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.

SAP is trading -29.3% below its running peak. Across 12 full years on file, its median worst-drawdown-in-a-year was -18.7%, and the deepest was -43.7% in 2022. 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 +14.6% from its 200-day moving average. Against every other day in its history, that gap ranks at the 81st percentile — a wider gap than this stock usually carries. Over the past year SAP closed higher on 51% of sessions, and it is currently 5 sessions into a rising streak.

On October specifically: over 14 years of records, SAP finished the month higher 9 of 14 times, with a median return of +4.7% and an average of +2.1%. Its strongest month historically has been July at +3.7% on average, its weakest September at -1.7%. 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: SAP has opened more than 2% away from the prior close in 205 of 3,268 sessions (6.3% of the time), with the largest gaps running +8.0% and -18.2%. For anyone holding through an event, that rate is a better guide to overnight exposure than the intraday range.

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