[i-adj 〜い → 〜み] [na-adj] + み
み turns an adjective into a noun for a quality you feel or sense: a taste, a pain, an emotion, a tinge. Drop the い of an い-adjective and add み; a few な-adjectives take it directly.
For a size, a speed or anything else you measure, only さ works.
Many み-nouns have meanings of their own. たのし楽しみ is "something to look forward to", and たのし楽しみです is how you say you are looking forward to it. つよ強み and よわ弱み are a strong point and a weak point.
With colours and shapes, み is "a tinge of": あか赤み is reddishness, まる丸み roundness.