Risk that is specific to a particular security or sector so its impact on a diversified portfolio is limited....more on Diversifiable risk
Related: Unsystematic risk
Related: unsystematic risk. 
When two or more averages or indexes fail to show confirming trends.
Diversifiable Risk, also known as?unsystematic risk, is defined as the danger of an event that would affect an industry and not the market. This type of risk can only be mitigated through diversifying investments and maintaining a portfolio diversification. You can of this like putting all of your eggs in one basket.