I had the same problem. Four-month-old Series 9 that died mid-afternoon with no apps running to speak of. here is how I fixed it.
1) I went into the Watch App and did the following:
General -> Reset -> Erase Apple Watch Content and Settings
If you have cellular you will be given the option to keep that. Keep the cellular settings.
2) While the watch was doing its thing, I fully shut off my phone (volume and side buttons) and restarted it.
3) Then I "re-paired" the watch (bad pun intended). When I did this, I set it up as a "new" watch (I did not restore it from a backup).
I noticed an improvement immediately and within a day my Series 9 was back to its old (functioning) self. I used it with a golf GPS app over the weekend and it was just fine. Before it would die halfway through the round (which is how I noticed the problem in the first place).
Good luck.