ZBH·Zimmer Biomet Holdings, Inc.

Realized volatility (21d)

30.2% 80th pct

Below its peak

-46.9%

vs 200-day average

+0.8%

Up days (1y)

53%

Zimmer Biomet Holdings, Inc. is currently running 30.2% annualised volatility over the last 21 sessions. Measured against ZBH's own 13 years of daily returns rather than a market-wide average, that is the 80th percentile — elevated for this stock, 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.

ZBH is trading -46.9% below its running peak. Across 12 full years on file, its median worst-drawdown-in-a-year was -24.1%, and the deepest was -49.7% 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 +0.8% from its 200-day moving average. Against every other day in its history, that gap ranks at the 55th percentile — close to the gap it normally carries. Over the past year ZBH closed higher on 53% of sessions, and it is currently 1 session into a rising streak.

On October specifically: over 14 years of records, ZBH finished the month higher 8 of 14 times, with a median return of +1.5% and an average of -0.4%. Its strongest month historically has been July at +4.0% on average, its weakest September at -2.6%. 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: ZBH has opened more than 2% away from the prior close in 110 of 3,268 sessions (3.4% of the time), with the largest gaps running +8.7% and -9.9%. 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 ZBH's own 13-year history, not a peer group or index.