You probably know that a correlation is the relationship between two sets of variables used to describe or predict information. Therefore, the correlation coefficient is the degree in which the change in a set of variables is related.
Delta G is a measure of the net effect of these two concepts, and will help you predict whether or not a reaction will actually take place! Delta G naught refers to the Delta G if you were creating a given compound from its pure elemental form at standard temperature and pressure. So it's how likely a compound would form from its individual elemental components!
Mathematically, gamma is the first derivative of delta and is used when trying to gauge the price movement of an option, relative to the amount it is in or out of the money. When the option being measured is deep in or out of the money, gamma is small. When the option is near or at the money, gamma is at its largest.amma is an important measure of the convexity of a derivative's value, in relation to the underlying. In a delta-hedge strategy, gamma is sought to be reduced in order to maintain a hedge over a wider price range.