{"id":53874,"date":"2026-04-03T11:45:21","date_gmt":"2026-04-03T11:45:21","guid":{"rendered":"https:\/\/certifeka-edu.com\/programs\/finance-for-strategic-managers-accounting-module-2\/lessons\/lesson-2-systematic-risk-3-2\/"},"modified":"2026-04-03T11:45:21","modified_gmt":"2026-04-03T11:45:21","slug":"lesson-2-systematic-risk-3-2","status":"publish","type":"lesson","link":"https:\/\/certifeka-edu.com\/ar\/programs\/executive-financial-analysis-module-ucam-university\/lessons\/lesson-2-systematic-risk-3-2\/","title":{"rendered":"Lesson 2: Systematic risk"},"content":{"rendered":"
\n

\n Lesson 2: Understanding Business Risk
\n <\/h2>\n

\n What is Systematic Risk (Market Risk)?
\n <\/h3>\n

\n Market risk<\/strong> \u2014 also known as systematic risk<\/strong> \u2014 is the possibility that an individual or organization will experience losses due to factors that affect the overall performance of investments in the financial markets.\n <\/p>\n

\n

\n Market risk and specific (unsystematic) risk form the two main categories of investment risk.
\n Market risk cannot be eliminated through diversification, though it can be managed or hedged using other techniques.\n <\/p>\n<\/p><\/div>\n

Sources of Market Risk:<\/h4>\n
    \n
  • Recessions and economic downturns<\/li>\n
  • Political instability or policy changes<\/li>\n
  • Fluctuations in interest rates<\/li>\n
  • Natural disasters<\/li>\n
  • Terrorist attacks or global crises<\/li>\n<\/ul>\n

    \n Systematic or market risk<\/strong> affects the entire market at once.
    \n This contrasts with unsystematic risk<\/strong>, which is unique to a particular company or industry.\n <\/p>\n

    \n\n\n\n\n\n\n\n
    Aspect<\/th>\nSystematic (Market) Risk<\/th>\nUnsystematic (Specific) Risk<\/th>\n<\/tr>\n<\/thead>\n
    Definition<\/td>\nAffects the entire market due to macroeconomic or political factors<\/td>\nAffects a specific company or industry only<\/td>\n<\/tr>\n
    Control<\/td>\nUncontrollable<\/td>\nControllable through diversification<\/td>\n<\/tr>\n
    Examples<\/td>\nRecessions, inflation, wars, interest rate changes<\/td>\nManagement inefficiency, product recall, fraud, strike<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n

    Understanding Volatility<\/h4>\n

    \n Market risk exists primarily because of price changes<\/strong>.
    \n The standard deviation of price changes in stocks, currencies, or commodities is called volatility<\/strong>.
    \n It can be expressed as an absolute number (e.g., $10) or as a percentage (e.g., 10% per year).\n <\/p>\n

    Unsystematic Risk Example<\/h4>\n
    \n

    \n A company declaring bankruptcy makes its stock worthless to investors.
    \n This type of event is unique to that company \u2014 an example of unsystematic risk<\/strong> that can be minimized through portfolio diversification.\n <\/p>\n<\/p><\/div>\n

    \n \ud83d\udca1 Key insight:<\/em> Systematic risk cannot be diversified away, but unsystematic risk can.\n <\/p>\n<\/div>","protected":false},"comment_status":"open","ping_status":"closed","template":"","class_list":["post-53874","lesson","type-lesson","status-publish","hentry"],"yoast_head":"\nLesson 2: Systematic risk - Certifeka-edu<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/certifeka-edu.com\/ar\/programs\/executive-financial-analysis-module-ucam-university\/lessons\/lesson-2-systematic-risk-3-2\/\" \/>\n<meta property=\"og:locale\" content=\"ar_AR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lesson 2: Systematic risk - Certifeka-edu\" \/>\n<meta property=\"og:description\" content=\"Lesson 2: Understanding Business Risk What is Systematic Risk (Market Risk)? Market risk \u2014 also known as systematic risk \u2014 is the possibility that an individual or organization will experience losses due to factors that affect the overall performance of investments in the financial markets. Market risk and specific (unsystematic) risk form the two main […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/certifeka-edu.com\/ar\/programs\/executive-financial-analysis-module-ucam-university\/lessons\/lesson-2-systematic-risk-3-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Certifeka-edu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u0648\u0642\u062a \u0627\u0644\u0642\u0631\u0627\u0621\u0629 \u0627\u0644\u0645\u064f\u0642\u062f\u0651\u0631\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u062f\u0642\u064a\u0642\u0629 \u0648\u0627\u062d\u062f\u0629\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":[\"WebPage\",\"webpage\"],\"@id\":\"https:\\\/\\\/certifeka-edu.com\\\/programs\\\/executive-financial-analysis-module-ucam-university\\\/lessons\\\/lesson-2-systematic-risk-3-2\\\/\",\"url\":\"https:\\\/\\\/certifeka-edu.com\\\/programs\\\/executive-financial-analysis-module-ucam-university\\\/lessons\\\/lesson-2-systematic-risk-3-2\\\/\",\"name\":\"Lesson 2: Systematic risk - Certifeka-edu\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/certifeka-edu.com\\\/#website\"},\"datePublished\":\"2026-04-03T11:45:21+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/certifeka-edu.com\\\/programs\\\/executive-financial-analysis-module-ucam-university\\\/lessons\\\/lesson-2-systematic-risk-3-2\\\/#breadcrumb\"},\"inLanguage\":\"ar\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/certifeka-edu.com\\\/programs\\\/executive-financial-analysis-module-ucam-university\\\/lessons\\\/lesson-2-systematic-risk-3-2\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/certifeka-edu.com\\\/programs\\\/executive-financial-analysis-module-ucam-university\\\/lessons\\\/lesson-2-systematic-risk-3-2\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"home\",\"item\":\"https:\\\/\\\/certifeka-edu.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Lessons\",\"item\":\"https:\\\/\\\/certifeka-edu.com\\\/lesson\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Lesson 2: Systematic risk\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/certifeka-edu.com\\\/#website\",\"url\":\"https:\\\/\\\/certifeka-edu.com\\\/\",\"name\":\"certifeka\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/certifeka-edu.com\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/certifeka-edu.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"ar\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/certifeka-edu.com\\\/#organization\",\"name\":\"certifeka\",\"url\":\"https:\\\/\\\/certifeka-edu.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"ar\",\"@id\":\"https:\\\/\\\/certifeka-edu.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/certifeka-edu.com\\\/wp-content\\\/uploads\\\/2025\\\/03\\\/cropped-certifeka-removebg-preview.png\",\"contentUrl\":\"https:\\\/\\\/certifeka-edu.com\\\/wp-content\\\/uploads\\\/2025\\\/03\\\/cropped-certifeka-removebg-preview.png\",\"width\":366,\"height\":104,\"caption\":\"certifeka\"},\"image\":{\"@id\":\"https:\\\/\\\/certifeka-edu.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Lesson 2: Systematic risk - Certifeka-edu","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/certifeka-edu.com\/ar\/programs\/executive-financial-analysis-module-ucam-university\/lessons\/lesson-2-systematic-risk-3-2\/","og_locale":"ar_AR","og_type":"article","og_title":"Lesson 2: Systematic risk - Certifeka-edu","og_description":"Lesson 2: Understanding Business Risk What is Systematic Risk (Market Risk)? Market risk \u2014 also known as systematic risk \u2014 is the possibility that an individual or organization will experience losses due to factors that affect the overall performance of investments in the financial markets. Market risk and specific (unsystematic) risk form the two main […]","og_url":"https:\/\/certifeka-edu.com\/ar\/programs\/executive-financial-analysis-module-ucam-university\/lessons\/lesson-2-systematic-risk-3-2\/","og_site_name":"Certifeka-edu","twitter_card":"summary_large_image","twitter_misc":{"\u0648\u0642\u062a \u0627\u0644\u0642\u0631\u0627\u0621\u0629 \u0627\u0644\u0645\u064f\u0642\u062f\u0651\u0631":"\u062f\u0642\u064a\u0642\u0629 \u0648\u0627\u062d\u062f\u0629"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":["WebPage","webpage"],"@id":"https:\/\/certifeka-edu.com\/programs\/executive-financial-analysis-module-ucam-university\/lessons\/lesson-2-systematic-risk-3-2\/","url":"https:\/\/certifeka-edu.com\/programs\/executive-financial-analysis-module-ucam-university\/lessons\/lesson-2-systematic-risk-3-2\/","name":"Lesson 2: Systematic risk - Certifeka-edu","isPartOf":{"@id":"https:\/\/certifeka-edu.com\/#website"},"datePublished":"2026-04-03T11:45:21+00:00","breadcrumb":{"@id":"https:\/\/certifeka-edu.com\/programs\/executive-financial-analysis-module-ucam-university\/lessons\/lesson-2-systematic-risk-3-2\/#breadcrumb"},"inLanguage":"ar","potentialAction":[{"@type":"ReadAction","target":["https:\/\/certifeka-edu.com\/programs\/executive-financial-analysis-module-ucam-university\/lessons\/lesson-2-systematic-risk-3-2\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/certifeka-edu.com\/programs\/executive-financial-analysis-module-ucam-university\/lessons\/lesson-2-systematic-risk-3-2\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"home","item":"https:\/\/certifeka-edu.com\/"},{"@type":"ListItem","position":2,"name":"Lessons","item":"https:\/\/certifeka-edu.com\/lesson\/"},{"@type":"ListItem","position":3,"name":"Lesson 2: Systematic risk"}]},{"@type":"WebSite","@id":"https:\/\/certifeka-edu.com\/#website","url":"https:\/\/certifeka-edu.com\/","name":"certifeka","description":"","publisher":{"@id":"https:\/\/certifeka-edu.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/certifeka-edu.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"ar"},{"@type":"Organization","@id":"https:\/\/certifeka-edu.com\/#organization","name":"certifeka","url":"https:\/\/certifeka-edu.com\/","logo":{"@type":"ImageObject","inLanguage":"ar","@id":"https:\/\/certifeka-edu.com\/#\/schema\/logo\/image\/","url":"https:\/\/certifeka-edu.com\/wp-content\/uploads\/2025\/03\/cropped-certifeka-removebg-preview.png","contentUrl":"https:\/\/certifeka-edu.com\/wp-content\/uploads\/2025\/03\/cropped-certifeka-removebg-preview.png","width":366,"height":104,"caption":"certifeka"},"image":{"@id":"https:\/\/certifeka-edu.com\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/certifeka-edu.com\/ar\/wp-json\/wp\/v2\/lesson\/53874","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/certifeka-edu.com\/ar\/wp-json\/wp\/v2\/lesson"}],"about":[{"href":"https:\/\/certifeka-edu.com\/ar\/wp-json\/wp\/v2\/types\/lesson"}],"replies":[{"embeddable":true,"href":"https:\/\/certifeka-edu.com\/ar\/wp-json\/wp\/v2\/comments?post=53874"}],"version-history":[{"count":0,"href":"https:\/\/certifeka-edu.com\/ar\/wp-json\/wp\/v2\/lesson\/53874\/revisions"}],"wp:attachment":[{"href":"https:\/\/certifeka-edu.com\/ar\/wp-json\/wp\/v2\/media?parent=53874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}