An excellent (and readable) review on homology:
"Homology: a personal view on some of the problems" by Walter M. FitchThere is an important difference between similarity and
homology.
Similarity is observed quantity, that might be for example expressed in percent of identity.
For example, sequences might have 30% identity. On the other hand, there are no degrees of homology,
as there are of similarity. The sequences are either homologous or not.
Is homology transitive?