Exercise

# Value factor

In the previous exercise you've looked at the S&P500 exposures, and saw that there was a large consistent exposure to the value factor, but a very fluctuating correlation to momentum.

Let's now check **how our portfolio measures up** to this, and let's especially **focus on value**. Available to you is a DataFrame called `factor_data`

containing the factor returns as well as your portfolio returns. Start by inspecting the DataFrame `factor_data`

in the IPython shell using `factor_data.head()`

.

Instructions 1/3

**undefined XP**

- Calculate the simple pairwise correlation of the columns in the dataframe
`factor_data`

.