rho

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n.
The 17th letter of the Greek alphabet.

[Greek rhō, of Phoenician origin.]



Variant: ρ

The symbol customarily used for the population correlation coefficient.



The rate at which the price of a derivative changes relative to a change in the risk-free rate of interest. Rho measures the sensitivity of an option or options portfolio to a change in interest rate.

Investopedia Says:
For example, if an option or options portfolio has a rho of 12.124, then for every percentage-point increase in interest rates, the value of the option increases 12.124%.

Related Links:
Derivatives can reduce the risks associated with changes in foreign exchange rates, interest rates and commodity prices. How Companies Use Derivatives To Hedge Risk
By understanding the factors that influence interest rates, you can learn to anticipate their movement and profit from it. Interest Rates And Your Bond Investments
Learn how analyzing these variables are crucial to knowing when to exercise early. Dividends, Interest Rates And Their Effect On Stock Options



symbol: ρ (lower case) or Ρ (upper case); the seventeenth letter of the Greek alphabet. For uses see Greek alphabet. See also rho protein, Rho protein.

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Rho 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

Rho (uppercase Ρ, lowercase ρ or ϱ; pronounced /roʊ/) is the 17th letter of the Greek alphabet. In the system of Greek numerals, it has a value of 100. It is derived from Phoenician letter res Phoenician res.svg. Its uppercase form is not to be confused with the Latin letter P, although both are typeset using the same glyph.

Contents

Uses

The Greek alphabet on a black figure vessel, with an R-shaped rho.

Greek

Rho is classed as a liquid consonant (together with lambda and sometimes the nasals mu and nu), which has important implications for morphology. In both Ancient and Modern Greek, it represents a trilled or tapped r.

In polytonic orthography a rho at the beginning of a word is written with a rough breathing (equivalent to h) — rh — and a double rho within a word is written with a smooth breathing over the first rho and a rough breathing over the second — ῤῥ rrh — apparently reflecting an aspirated or voiceless pronunciation in Ancient Greek, hence the various Greek-derived English words which start with rh or contain rrh.

The name of the letter is written in Greek as ῥῶ (polytonic) or ρω/ρο (monotonic).

Other alphabets

Letters that arose from rho include Roman R and Cyrillic Er (Р).

Math and science

The characters Ρ, ρ and ϱ are also used outside its Greek alphabetical context in science and mathematics.

  • In economics to represent the discount rate of future pence cash flows
  • In molecular biology to represent the Rho protein responsible for termination of RNA synthesis. In such occasions, it is often represented as ϱ ("rho symbol" U+03F1), to avoid confusion with the Latin letter p
  • In ecology to represent the population damping ratio where ρ = λ1 / |λ2|.

Chi Rho

The letter rho overlaid with chi forms the Chi Rho symbol, used to represent Jesus Christ.

Rhodes Scholars

Former Rhodes Scholars are entitled to use the Greek letter rho as a designation of their status. When used, the symbol should precede the name.[1]

Unicode

description character Unicode HTML
GREEK
LETTER
RHO
Ρ U+03A1 Ρ
ρ U+03C1 ρ
GREEK
RHO SYMBOL
ϱ U+03F1 ϱ
GREEK
RHO WITH STROKE
SYMBOL
ϼ U+03FC ϼ
GREEK LETTER
SMALL CAPITAL
RHO
U+1D29 ᴩ
GREEK SUBSCRIPT
SMALL LETTER
RHO
◌ᵨ U+1D68 ᵨ
GREEK
LETTER RHO
WITH DASIA
U+1FEC Ῥ
U+1FE5 ῥ
GREEK
SMALL LETTER RHO
WITH PSILI
U+1FE4 ῤ
APL
FUNCTIONAL SYMBOL
RHO
U+2374 ⍴
CHI RHO U+2627 ☧

See also

References

  1. ^ "Oxford University Calendar: Notes on Style". Oxford University Gazette. 2011-03-03. http://www.ox.ac.uk/media/global/wwwoxacuk/localsites/gazette/documents/universitycalendar/style--current_for_2011.pdf. Retrieved 2011-09-08. 

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Chi-Rho (monogram and symbol for Christ)
R (in linguistics)