omega

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(ō-mĕg'ə, ō-mē'gə, ō-mā'-) pronunciation
n.
  1. The 24th letter of the Greek alphabet.
  2. The end.
  3. See omega baryon.
  4. See omega meson.

[Middle English, from Greek ō mega, large o (from its being a long vowel in Greek) : ō, the letter o + mega, neuter of megas, large, great.]


[Etymology: Anglicized name of Ω, the last letter in the Greek alphabet] electromagnetics See ohm.

derivative pricing model that measures the effect of volatility.
Used interchangeably with vega and also with kappa, sigma prime, and Zeta.

Previous:Oligopsony, Oligopoly
Next:Omitted Dividend, Omnibus Account

The last letter of the Greek alphabet, used in mathematics for the first infinite ordinal, which measures the ordering by magnitude of the set of finite ordinals.

A measure of the change in an option's value with respect to the percentage change in the underlying price. The omega gives option investors an idea of how the option price and the stock price that underlies it move together.

Omega is the third derivative of the option price, and the derivative of gamma.

Investopedia Says:
If the omega on a Ford call option is calculated to be 1.6%, then for every 1% change in the price of Ford the price of the call option will rise by 1.6%.

Also known as "speed".

Related Links:
Understanding price influences on options positions requires learning delta, theta, vega and gamma. Getting To Know The "Greeks"
These risk-exposure measurements help traders detect how sensitive a specific trade is to price, volatility and time decay. Using "The Greeks" To Understand Options
An introduction to the world of options, covering everything from primary concepts to how options work and why you might use them. Options Basics Tutorial


An obsolete ground-based, long-range, radio navigational aid, in which aircraft position was derived from the phase measurement or phase comparison of VLF (very low frequency) signals in the 10 to 14 kHz band. Every ten seconds, each of eight stations located around the world radiated a unique pattern on four common frequencies (10.2, 11.05, 11.3, and 13.6 kHz) in time-sharing cycles with a silent 0.2-s interval between each transmission. Besides these common frequencies, each of the stations transmitted on a unique frequency. Any time an aircraft OMEGA receiver received three frequencies, the lines of position were fixed by the OMEGA navigational system computer. A highly automated aid, it provided highly accurate information about the wind velocity, time, distance, and course to the destination or waypoint; ETA (estimated time of arrival); and the present location of the aircraft.

Lanes and lines of position generated in OMEGA.


Lanes and lines of position generated in OMEGA.


The twenty-fourth and last letter of the Greek alphabet, Ω.

  • o. protein — topoisomerase I of Escherichia coli.
Omega uc lc.svg
Greek alphabet
Αα Alpha Νν Nu
Ββ Beta Ξξ Xi
Γγ Gamma Οο Omicron
Δδ Delta Ππ Pi
Εε Epsilon Ρρ Rho
Ζζ Zeta Σσς Sigma
Ηη Eta Ττ Tau
Θθ Theta Υυ Upsilon
Ιι Iota Φφ Phi
Κκ Kappa Χχ Chi
Λλ Lambda Ψψ Psi
Μμ Mu Ωω Omega
History
Archaic local variants
  • Digamma
  • Heta
  • San
  • Koppa
  • Sampi
  • Tsan
Numerals
Greek letter Stigma.svg (6)
Greek Koppa lamedh-shaped.svg (90)
Sampi.svg (900)
In other languages
Scientific symbols

Omega (capital: Ω, lowercase: ω; Greek Ωμέγα) is the 24th and last letter of the Greek alphabet. In the Greek numeric system, it has a value of 800. The word literally means "great O" (ō mega, mega meaning 'great'), as opposed to omicron, which means "little O" (o mikron, micron meaning "little").[1] This name is Byzantine; in Classical Greek, the letter was called ō (), whereas the omicron was called ou (οὖ).[2] The form of the uppercase letter derives from that of an omicron (Ο) broken up at the side (Greek Omega 09.svg), with the edges subsequently turned outwards (Greek Omega 05.svg, Greek Omega 03.svg, Greek Omega 07.svg).[3] The modern lowercase shape goes back to the uncial form Greek uncial Omega.svg, a form that developed during the 3rd century BC in ancient handwriting on papyrus, from a flattened-out form of the letter (Greek Omega 08.svg) that had its edges curved even further upwards.[4]

Phonetically, the Ancient Greek Ω is a long open-mid o [ɔː], equal to the vowel of British English raw. In Modern Greek Ω represents the same sound as omicron. The letter omega is transcribed ō or simply o.

Omega (the last letter of the Greek alphabet) is often used to denote the last, the end, or the ultimate limit of a set, in contrast to alpha, the first letter of the Greek alphabet.

Omega was also adopted into the early Cyrillic alphabet. See Cyrillic omega (Ѡ, ѡ). A Raetic variant is conjectured to be at the origin or parallel evolution of the Elder Futhark .

Omega was also adopted into the Latin alphabet, as a letter of the 1982 revision to the African reference alphabet. It has had little use. See Latin omega.

The symbol Ω (majuscule letter)

The majuscule letter Ω is used as a symbol:

  • Other
    • The symbol of the resistance movement against the Vietnam-era draft
    • Year or date of death
    • Used to refer to the lowest-ranked wolf in a pack

The symbol ω (minuscule letter)

The minuscule letter ω is used as a symbol:

Notes

  1. ^ The Greek Alphabet
  2. ^ Herbert Weir Smyth. A Greek Grammar for Colleges. §1
  3. ^ Anne Jeffery (1961), The local scripts of archaic Greece, p.37–38.
  4. ^ Edward M. Thompson (1912), Introduction to Greek and Latin paleography, Oxford: Clarendon. p.144
  5. ^ Excerpts from The Unicode Standard, Version 4.0. Retrieved 11 October 2006.

Top

Dansk (Danish)
n. - omega
symb. - 24. bogstav i det græske alfabet

Nederlands (Dutch)
omega, einde, laatste

Français (French)
n. - oméga
symb. - (Phys) oméga

Deutsch (German)
n. - Omega
symb. - Omega

Ελληνική (Greek)
n. - ωμέγα, (μτφ.) οτιδήποτε ακροτελεύτιο ή τελευταίο σειράς

Italiano (Italian)
omega

idioms:

  • the alpha and omega of    l'alfa e l'omega di, l'inizio e la fine di

Português (Portuguese)
n. - ômega (m)

idioms:

  • the alpha and omega of    o início e o fim de

Русский (Russian)
омега

idioms:

  • the alpha and omega of    начало и конец

Español (Spanish)
n. - omega
symb. - omega

Svenska (Swedish)
n. - grek.bokstaven omega, (bildl) ände, slut

中文(简体)(Chinese (Simplified))
希腊字母的最后一个字, 最后, 终了

中文(繁體)(Chinese (Traditional))
n. - 希臘字母的最後一個字, 最後, 終了
symb. - 終了

한국어 (Korean)
n. - 최후, 글자오메가
symb. - 마지막

日本語 (Japanese)
n. - オーメガ, 終わり, 最後, オメガ

العربيه (Arabic)
‏(الاسم) آخر الأحرف اليونانيه, نهايه‏

עברית (Hebrew)
n. - ‮אומגה (האות האחרונה באלפבית היוונית), האחרון בסדרה, ההתפתחות הסופית‬
symb. - ‮אומגה (אות יוונית)‬


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