If $\rho$ is the density matrix of a system then $Tr(\rho ^2) \leq 1$. If the equality holds the system is in a pure state and it is in a mixed state otherwise. But, what is the physical meaning of $Tr(\rho^2)$ ?
$Tr(\rho) = 1$ for all valid density matrices. This stems from the normalization constraint that total probability must be one. Is there any such interpretation for $Tr(\rho ^2)$ ?