Assuming the beach ball is filled with air and completely submerged at all times (near the surface), the ball will lose buoyancy the deeper it goes. The determining factor on buoyancy is displacement. Displacement is a factor of volume. As a beach ball goes deeper the pressure from the surrounding water will compress the air in the ball, reducing it's volume and displacement. It is the same reason that a submarine hull is compressed when it dives. I spent some time on the USS Baton Rouge in the 80's and they made a point of showing us a string stretched between two bulkheads was taunt on the surface, but there was a noticable sag when we were submerged.