WMG·Warner Music Group Corp.

Realized volatility (21d)

28.2% 29th pct

Below its peak

-43.4%

vs 200-day average

-2.1%

Up days (1y)

49%

Warner Music Group Corp. is currently running 28.2% annualised volatility over the last 21 sessions. Measured against WMG's own 6 years of daily returns rather than a market-wide average, that is the 29th percentile — on the quiet side for this stock, against a typical reading of 33.0%. 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.

WMG is trading -43.4% below its running peak. Across 5 full years on file, its median worst-drawdown-in-a-year was -28.8%, and the deepest was -48.9% 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 -2.1% from its 200-day moving average. Against every other day in its history, that gap ranks at the 43rd percentile — close to the gap it normally carries. Over the past year WMG closed higher on 49% of sessions, and it is currently 1 session into a rising streak.

On September specifically: over 7 years of records, WMG finished the month higher 4 of 7 times, with a median return of +0.2% and an average of +0.2%. Its strongest month historically has been December at +7.1% on average, its weakest May at -7.1%. 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: WMG has opened more than 2% away from the prior close in 122 of 1,581 sessions (7.7% of the time), with the largest gaps running +11.4% and -5.0%. For anyone holding through an event, that rate is a better guide to overnight exposure than the intraday range.

All figures computed from 1,582 daily closes between 2020-06-03 and 2026-09-18, split-adjusted, recomputed daily. Percentiles are against WMG's own 6-year history, not a peer group or index.