Set . The transfer matrix for the one-dimensional Ising model assigns a Boltzmann factor to each bond. In the Ising spin order , it is
Multiplying these bond factors and summing every Ising spin implements the canonical ensemble. The periodic boundary conditions close the product into a trace:
The eigenvectors and form an orthonormal basis, with eigenvalues
The negative second eigenvalue encodes alternating correlations. Defining , the exact partition function and total Helmholtz free energy are
The parity-dependent term must be retained for finite ; in particular it nearly cancels the leading term of at low temperature when is odd.
Represent insertion of one Ising spin by . In the eigenbasis of , this matrix swaps and . Its diagonal entries in that eigenbasis vanish, giving the exact one-point correlation function
Equivalently, configurations pair with their opposites under spin inversion symmetry, with the same Boltzmann factor and opposite .
Two insertions separated by bonds give the two-point correlation function
Thus the exact finite antiferromagnetic Ising-ring correlation is
The two numerator terms represent the two arcs between the sites. The formula has and , as required by the periodic boundary conditions. Since the one-point correlation function is zero, this is also the connected correlation function. At , every Ising spin is independent, so for distinct sites and ; powers with exponent zero are understood as one.

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