tunnelling magnetoresistance is the dependence of a magnetic tunnel junction's electrical resistance on the relative magnetizations of its electrodes. A common convention is , where the subscripts denote antiparallel and parallel alignment. Its magnitude and sign depend on effective spin-polarized transmission through the particular interfaces and barrier.
Assume spin-conserving, low-voltage tunnelling and a spin-independent matrix element. Then parallel conductance is proportional to , while antiparallel conductance has the crossed products. Define . The two conductances are ; taking their reciprocals and using the resistance-ratio convention proves the displayed formula. Orbital filtering and interface-dependent matrix elements can invalidate a bulk-density-of-states estimate.
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