What is the meaning of the word "speculativeness"?

Definitions:

  1. financial risk copy to clipboard noun
    • I rejected stocks that didn't pay dividends because of their speculativeness. copy to clipboard
  2. the quality of being based on supposition and conjecture rather than on fact or investigation copy to clipboard noun
    • The scholar's work is highly contentious because of its speculativeness and lack of supporting evidence. copy to clipboard