In investment terminology, what is NOT considered market risk?

Market risk, also known as systemic risk, refers to the potential for investors to experience losses due to factors that affect the overall market. This type of risk is often influenced by macroeconomic factors such as economic conditions, political events, and broader economic policies that can impact the performance of all securities in an market.

Consistent revenue streams, on the other hand, are a characteristic of a company's financial performance and indicate stability in earnings. They are often viewed as a measure of company-specific risk rather than market risk. When a company has consistent revenue, it is often better positioned to withstand economic fluctuations, which makes this factor less related to overall market volatility.

In contrast, economic downturns can cause declines in stock prices across the entire market, industry-specific challenges affect sectors without impacting others, and political stability can influence investor confidence and economic conditions broadly. These factors represent the broader forces that impact the entire market and thus are categorized as elements of market risk.