Electrode potential is a measure of the tendency of an electrode to gain or lose electrons in a half-cell reaction. Standard electrode potentials (E°) are measured under standard conditions. E° values are used to determine the feasibility of redox reactions, calculate free energy change, and understand the oxidizing or reducing properties of substances. The electrochemical series arranges E° values from strongest reducing agent to strongest oxidizing agent. E° data can also be used to calculate non-standard electrode potentials and cell potentials using Nernst equations.