# Factor Pipeline (Draft)

1) Load universe + prices + fundamentals
2) Compute raw factor values
3) Clean:
   - missing handling
   - winsorize (per-date cross section)
   - z-score (per-date cross section)
4) Neutralize (optional):
   - industry
   - size
5) Evaluate:
   - IC / Rank IC
   - decay
   - turnover
6) Backtest:
   - long-short / top-k
   - transaction costs