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BrunoBoni BrunoBoni PBR, D,
PBR: PBR is correlated to oil prices, but that's not all...
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PBR, D
PBR is correlated to oil prices, but that's not all...

PBR is correlated to oil prices, but that's not all. Out of a selection of other oil majors, PBR underperforms significantly when the starting month of August 2011 is chosen, a date I arbitrarily chose due to launch of a new industrial policy in Brasil (a proxy of changing economic policy). Note, however, work done by my friend, Raphael Geraldelli (related ideas), ...

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