Cross-ratio
(z_1,z_2;z_3,z_4)=\dfrac{(z_1-z_3)(z_2-z_4)}{(z_1-z_4)(z_2-z_3)}, unchanged by any Möbius transformation.
The cross-ratio of four distinct points z_1,z_2,z_3,z_4 in the extended complex plane is (z_1,z_2;z_3,z_4)=\dfrac{(z_1-z_3)(z_2-z_4)}{(z_1-z_4)(z_2-z_3)}, with the usual convention for a factor involving \infty. Its defining property is invariance -- applying any Möbius transformation T to all four points leaves the cross-ratio unchanged. This invariance is what makes the cross-ratio the standard tool for writing down the one Möbius transformation sending three specified points to three target points.
Examples
Setting (z,z_2;z_3,z_4)=(w,w_2;w_3,w_4) and solving for w gives the Möbius transformation carrying z_2,z_3,z_4 to w_2,w_3,w_4.
Four points lie on a common generalized circle exactly when their cross-ratio is a real number.
See also