Examlex
Identify and give the historical significance of each of the following terms, events, and people in a paragraph or two.
-Whig Party
Firm-specific Risk
The portion of an asset's risk that is attributable to the company's individual factors, uncorrelated with general market movements.
Nonsystematic Risk
The part of an investment's risk that is specific to the investment, unrelated to the market's overall movements.
Diversification
The strategy of spreading investments across various financial assets to reduce exposure to risk.
Uncorrelated
Refers to two or more variables that do not have any predictive relationship with each other.
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