Magnetism has been a topic of interest for centuries. Throughout the 20th century its fundamental understanding has grown tremendously thanks to quantum physics. This fundamental understanding has allowed the development of new memories for computers, cell phones, flash cards, high capacity hard drives and more.

The demand for faster and better electronics is very strong. This demand pushes the research such that new microelectronic devices must be developed and produced. In order to fulfill this demand, a better understanding of fundamental magnetism is necessary.

In particular, as the microelectronic devices are becoming smaller and smaller, new magnetic phenomena are observed and need to be understood. In order to push further the frontieres of our knowledge, we present here, a comprehensive model for a new magnetic phenomenon which we named quasiferromagnetism.