Understanding Unsystematic Risk Definition Unsystematic risk, or specific risk, is the uncertainty tied to a specific company, sector, or industry. Unlike systematic risk, it does not affect the entire market but rather individual stocks or groups of stocks. Characteristics 1. Localized Impact: This risk is specific to a company or sector and does not necessarily affect the broade... https://finxl.in/investment-banking-online-classes-courses-training.html