This work examines the full scope of long-standing conjectures identifying the invariant thermodynamic curvature as the correlation volume and also as a measure of underlying statistical interactions. To this end, we set up a two-parameter ANNNI (Axial Next Nearest Neighbour Ising) chain featuring two next nearest neighbour (nnn) and a nearest neighbour (nn) interaction. Competition between interactions and resulting frustration engender a rich phase behaviour including a cross-over between two ferrimagnetic sub-phases. We show that attests to all its conjectured attributes with valuable insights into the character of mesoscopic fluctuating substructures. In a remarkable demonstration of its relevance at a far-from-critical point, is shown to resolve a hitherto unnoticed tricky issue involving . A physically transparent expression for the zero field helps bring into focus the pivotal role played by some third order fluctuation moments.

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