For a circular mid-plane orbit, radial force balance in the Newtonian gravitational potential is . Hence
Axisymmetry conserves the specific angular momentum . At fixed , radial motion obeys , where the effective potential is . Linearize around a circular radius , writing . Since there,
This is the radial epicyclic frequency; equivalently .
Reflection symmetry gives and , so vertical and radial displacements decouple at linear order. The vertical equation is , giving the vertical epicyclic frequency
Positive squared frequencies give oscillatory stability; a negative squared frequency gives exponential instability rather than a real oscillation frequency.

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