The relative resistance change—or effect amplitude—is defined as :\mathrm{TMR} := \frac{R_{\mathrm{ap}}-R_{\mathrm{p}}}{R_{\mathrm{p}}} where R_\mathrm{ap} is the electrical resistance in the anti-parallel state, whereas R_\mathrm{p} is the resistance in the parallel state. The TMR effect was explained by Jullière with the
spin polarizations of the ferromagnetic electrodes. The spin polarization
P is calculated from the
spin dependent
density of states (DOS) \mathcal{D} at the
Fermi energy: P = \frac{\mathcal{D}_\uparrow(E_\mathrm{F}) - \mathcal{D}_\downarrow(E_\mathrm{F})}{\mathcal{D}_\uparrow(E_\mathrm{F}) + \mathcal{D}_\downarrow(E_\mathrm{F})} The spin-up electrons are those with spin orientation parallel to the external magnetic field, whereas the spin-down electrons have anti-parallel alignment with the external field. The relative resistance change is now given by the spin polarizations of the two ferromagnets,
P1 and
P2: \mathrm{TMR} = \frac{2 P_1 P_2}{1 - P_1 P_2} If no
voltage is applied to the junction, electrons tunnel in both directions with equal rates. With a bias voltage
U, electrons tunnel preferentially to the positive electrode. With the assumption that spin is
conserved during tunneling, the current can be described in a two-current model. The total current is split in two partial currents, one for the spin-up electrons and another for the spin-down electrons. These vary depending on the magnetic state of the junctions. There are two possibilities to obtain a defined anti-parallel state. First, one can use ferromagnets with different
coercivities (by using different materials or different film thicknesses). And second, one of the ferromagnets can be coupled with an
antiferromagnet (
exchange bias). In this case the magnetization of the uncoupled electrode remains "free". The TMR becomes infinite if
P1 and
P2 equal 1, i.e. if both electrodes have 100% spin polarization. In this case the magnetic tunnel junction becomes a switch, that switches magnetically between low resistance and infinite resistance. Materials that come into consideration for this are called
ferromagnetic half-metals. Their conduction electrons are fully spin-polarized. This property is theoretically predicted for a number of materials (e.g. CrO2, various
Heusler alloys) but its experimental confirmation has been the subject of subtle debate. Nevertheless, if one considers only those electrons that enter into transport, measurements by Bowen et al. of up to 99.6% spin polarization at the interface between La0.7Sr0.3MnO3 and SrTiO3 pragmatically amount to experimental proof of this property. The TMR decreases with both increasing temperature and increasing bias voltage. Both can be understood in principle by
magnon excitations and interactions with magnons, as well as due to tunnelling with respect to localized states induced by oxygen vacancies (see Symmetry Filtering section hereafter). ==Symmetry-filtering in tunnel barriers==