Testing the Augmented Fama–French Six-Factor Asset Pricing Model with Momentum Factor for Borsa Istanbul

Table 4

Correlation analysis of factor premiums.

	RM-RF	SMB	HML	CMA	RMW	MOM
RM-RF	1
SMB	0.097	1
HML	0.095	−0.264	1
CMA	0.136	0.017	0.179	1
RMW	0.012	0.139	−0.075	−0.036	1
MOM	0.041	−0.162	0.297	0.014	0.027	1