An interpretation and understanding of complex modular values
  In contrast to that a weak value of an observable is usually divided into real and imaginary parts, here we show that separation into modulus and argument is important for modular values. We first show that modular values are expressed by the average of dynamic phase factors with complex conditional probabilities. We then relate, using the polar decomposition, the modulus of the modular value to the relative change in the qubit pointer post-selection probabilities, and relate the argument of the modular value to the summation of a geometric phase and an intrinsic phase. 
Le Bin Ho, Nobuyuki Imoto
quant-ph