
[Greek rhō, of Phoenician origin.]
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%.
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Derivatives can reduce the risks associated with changes in foreign exchange rates, interest rates and commodity prices. How Companies Use Derivatives To Hedge Risk
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Learn how analyzing these variables are crucial to knowing when to exercise early. Dividends, Interest Rates And Their Effect On Stock Options
| rhizomorph, rhinovirus, rheumatoid factors | |
| rho factor, rho protein, rhodanese |
| Look up Ρ or ρ in Wiktionary, the free dictionary. |
| 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 |
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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
. Its uppercase form is not to be confused with the Latin letter P, although both are typeset using the same glyph.
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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) — ῥ 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).
Letters that arose from rho include Roman R and Cyrillic Er (Р).
The characters Ρ, ρ and ϱ are also used outside its Greek alphabetical context in science and mathematics.
denoted as 
\Rho (
), \rho (
), and \varrho (
)The letter rho overlaid with chi forms the Chi Rho symbol, used to represent Jesus Christ.
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]
| 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 |
ᴩ | U+1D29 | ᴩ |
| GREEK SUBSCRIPT SMALL LETTER RHO |
◌ᵨ | U+1D68 | ᵨ |
| GREEK LETTER RHO WITH DASIA |
Ῥ | U+1FEC | Ῥ |
| ῥ | U+1FE5 | ῥ | |
| GREEK SMALL LETTER RHO WITH PSILI |
ῤ | U+1FE4 | ῤ |
| APL FUNCTIONAL SYMBOL RHO |
⍴ | U+2374 | ⍴ |
| CHI RHO | ☧ | U+2627 | ☧ |
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