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Systematic Risk
The type of risk inherent to the entire market or market segment, also known as market risk, which cannot be mitigated through diversification.
Beta
A measure of a stock's volatility in relation to the overall market; a higher beta indicates greater risk and potential return.
Unsystematic Risk
The risk associated with a specific company or industry, also known as non-market risk, diversifiable risk, or idiosyncratic risk.
Total Risk
The total variability in returns of an investment, encompassing both unsystematic and systematic risk factors.
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