TCEHY·Tencent Holdings Ltd

Realized volatility (21d)

32.7% 53rd pct

Below its peak

-45.5%

vs 200-day average

-13.8%

Up days (1y)

44%

Tencent Holdings Ltd is currently running 32.7% annualised volatility over the last 21 sessions. Measured against TCEHY's own 13 years of daily returns rather than a market-wide average, that is the 53rd percentile — close to its own typical level, against a typical reading of 31.9%. 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.

TCEHY is trading -45.5% below its running peak. Across 12 full years on file, its median worst-drawdown-in-a-year was -25.1%, and the deepest was -59.2% 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 -13.8% from its 200-day moving average. Against every other day in its history, that gap ranks at the 16th percentile — a narrower gap than it typically runs. Over the past year TCEHY closed higher on 44% of sessions, and it is currently 2 sessions into a falling streak.

On October specifically: over 13 years of records, TCEHY finished the month higher 6 of 13 times, with a median return of -2.4% and an average of -2.0%. Its strongest month historically has been January at +5.7% on average, its weakest October 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: TCEHY has opened more than 2% away from the prior close in 703 of 3,267 sessions (21.5% of the time), with the largest gaps running +19.5% and -12.8%. For anyone holding through an event, that rate is a better guide to overnight exposure than the intraday range.

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