If the beta of a stock is negative (estimated using the single-index model and approximating the market portfolio with the stock market portfolio), then ______.

Group of answer choices

All the provided answers are correct.

the return of the stock is uncorrelated to the return of the stock market

None of the provided answers is correct.

on average, the stock provides insurance against negative stock market returns

on average, the stock return is higher when the investor is richer