Advanced Cell Technology, Inc. (OTC:ACTC) penny stock declined 3.45 percent to close at $0.081 in its last trading session. The traded volume stood at 5.06 million shares while on average its traded volume stands at 9.09 million shares per day. Its market capitalization stood at $164.98 million as compared to its total outstanding common stock of 2.03 billion shares.
The penny stock share price happens to be highly volatile and is negatively correlated with market index as per its beta value of -2.01 times. This means that the stock is likely to react by -2.01 times against one point change in market index and will be moving in opposite direction of market index. Stocks with negative correlation have a high significance in hedging strategies.
Regards,
Don

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