OncoCyte Net Income vs Stock Based Compensation Analysis

OCX Stock

USD 2.71 0.04 1.50%

OncoCyte Corp financial indicator trend analysis is much more than just breaking down OncoCyte Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether OncoCyte Corp is a good investment. Please check the relationship between OncoCyte Corp Net Income and its Stock Based Compensation accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OncoCyte Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

For more information on how to buy OncoCyte Stock please use our How to Invest in OncoCyte Corp guide.

Net Income vs Stock Based Compensation

Net Income vs Stock Based Compensation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of OncoCyte Corp Net Income account and Stock Based Compensation. At this time, the significance of the direction appears to have pay attention.

The correlation between OncoCyte Corp's Net Income and Stock Based Compensation is -0.94. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Stock Based Compensation in the same time period over historical financial statements of OncoCyte Corp, assuming nothing else is changed. The correlation between historical values of OncoCyte Corp's Net Income and Stock Based Compensation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of OncoCyte Corp are associated (or correlated) with its Stock Based Compensation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Stock Based Compensation has no effect on the direction of Net Income i.e., OncoCyte Corp's Net Income and Stock Based Compensation go up and down completely randomly.

Correlation Coefficient

-0.94

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in OncoCyte Corp financial statement analysis. It represents the amount of money remaining after all of OncoCyte Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Stock Based Compensation

Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.

Most indicators from OncoCyte Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into OncoCyte Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OncoCyte Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

For more information on how to buy OncoCyte Stock please use our How to Invest in OncoCyte Corp guide.At this time, OncoCyte Corp's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to rise to about 117.1 K in 2024, whereas Discontinued Operations is likely to drop (51.3 M) in 2024.

OncoCyte Corp fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment
Total Assets		0.41	0.91	0.89	0.95	0.91	-0.8	-0.75	0.98	0.86	0.99	0.57	0.08	0.85	0.77	0.68	-0.55	0.95	-0.42	0.98	0.91	0.88	-0.04	0.93	0.8	0.82
Short Long Term Debt Total	0.41		0.27	0.55	0.52	0.48	-0.06	-0.25	0.27	0.27	0.43	0.51	0.64	0.26	0.28	0.22	-0.24	0.36	0.02	0.32	0.48	0.27	0.58	0.28	0.3	0.41
Other Current Liab	0.91	0.27		0.89	0.84	0.92	-0.77	-0.77	0.91	0.8	0.9	0.39	-0.16	0.77	0.77	0.69	-0.67	0.94	-0.48	0.91	0.92	0.82	-0.2	0.87	0.8	0.78
Total Current Liabilities	0.89	0.55	0.89		0.8	0.86	-0.57	-0.67	0.85	0.67	0.91	0.47	0.11	0.66	0.67	0.57	-0.44	0.92	-0.42	0.91	0.86	0.71	0.27	0.84	0.7	0.73
Total Stockholder Equity	0.95	0.52	0.84	0.8		0.88	-0.82	-0.68	0.91	0.9	0.93	0.59	0.23	0.89	0.71	0.63	-0.59	0.89	-0.28	0.88	0.88	0.91	-0.1	0.84	0.74	0.79
Property Plant And Equipment Net	0.91	0.48	0.92	0.86	0.88		-0.67	-0.81	0.88	0.75	0.91	0.62	0.0	0.72	0.81	0.73	-0.64	0.9	-0.57	0.88	1.0	0.78	-0.09	0.83	0.84	0.86
Net Debt	-0.8	-0.06	-0.77	-0.57	-0.82	-0.67		0.54	-0.85	-0.98	-0.72	-0.24	0.09	-0.97	-0.56	-0.5	0.62	-0.78	0.2	-0.74	-0.67	-0.96	0.44	-0.74	-0.6	-0.56
Retained Earnings	-0.75	-0.25	-0.77	-0.67	-0.68	-0.81	0.54		-0.76	-0.6	-0.77	-0.52	0.35	-0.53	-1.0	-0.99	0.76	-0.66	0.83	-0.76	-0.81	-0.58	0.26	-0.88	-0.99	-0.97
Accounts Payable	0.98	0.27	0.91	0.85	0.91	0.88	-0.85	-0.76		0.88	0.96	0.48	-0.06	0.87	0.78	0.69	-0.56	0.94	-0.48	0.98	0.88	0.9	-0.14	0.93	0.8	0.8
Cash	0.86	0.27	0.8	0.67	0.9	0.75	-0.98	-0.6	0.88		0.79	0.35	0.04	0.99	0.63	0.55	-0.66	0.83	-0.21	0.79	0.75	0.99	-0.3	0.78	0.66	0.65
Non Current Assets Total	0.99	0.43	0.9	0.91	0.93	0.91	-0.72	-0.77	0.96	0.79		0.59	0.08	0.78	0.78	0.7	-0.52	0.94	-0.46	0.98	0.91	0.82	0.02	0.93	0.81	0.84
Non Currrent Assets Other	0.57	0.51	0.39	0.47	0.59	0.62	-0.24	-0.52	0.48	0.35	0.59		0.48	0.37	0.54	0.47	-0.13	0.47	-0.36	0.52	0.62	0.4	0.11	0.53	0.54	0.61
Other Assets	0.08	0.64	-0.16	0.11	0.23	0.0	0.09	0.35	-0.06	0.04	0.08	0.48		0.11	-0.3	-0.38	0.38	0.05	0.56	-0.01	0.0	0.08	0.56	-0.13	-0.28	-0.16
Cash And Short Term Investments	0.85	0.26	0.77	0.66	0.89	0.72	-0.97	-0.53	0.87	0.99	0.78	0.37	0.11		0.57	0.48	-0.55	0.84	-0.17	0.78	0.72	0.99	-0.25	0.77	0.6	0.59
Common Stock Total Equity	0.77	0.28	0.77	0.67	0.71	0.81	-0.56	-1.0	0.78	0.63	0.78	0.54	-0.3	0.57		0.99	-0.76	0.67	-0.8	0.77	0.81	0.61	-0.25	0.9	1.0	0.98
Common Stock Shares Outstanding	0.68	0.22	0.69	0.57	0.63	0.73	-0.5	-0.99	0.69	0.55	0.7	0.47	-0.38	0.48	0.99		-0.77	0.57	-0.82	0.68	0.73	0.52	-0.3	0.84	0.98	0.96
Short Term Investments	-0.55	-0.24	-0.67	-0.44	-0.59	-0.64	0.62	0.76	-0.56	-0.66	-0.52	-0.13	0.38	-0.55	-0.76	-0.77		-0.47	0.45	-0.5	-0.64	-0.56	0.47	-0.61	-0.77	-0.72
Other Current Assets	0.95	0.36	0.94	0.92	0.89	0.9	-0.78	-0.66	0.94	0.83	0.94	0.47	0.05	0.84	0.67	0.57	-0.47		-0.39	0.95	0.9	0.88	-0.01	0.87	0.71	0.72
Other Stockholder Equity	-0.42	0.02	-0.48	-0.42	-0.28	-0.57	0.2	0.83	-0.48	-0.21	-0.46	-0.36	0.56	-0.17	-0.8	-0.82	0.45	-0.39		-0.5	-0.57	-0.24	0.18	-0.61	-0.79	-0.74
Total Liab	0.98	0.32	0.91	0.91	0.88	0.88	-0.74	-0.76	0.98	0.79	0.98	0.52	-0.01	0.78	0.77	0.68	-0.5	0.95	-0.5		0.88	0.82	0.0	0.94	0.79	0.8
Property Plant And Equipment Gross	0.91	0.48	0.92	0.86	0.88	1.0	-0.67	-0.81	0.88	0.75	0.91	0.62	0.0	0.72	0.81	0.73	-0.64	0.9	-0.57	0.88		0.78	-0.09	0.83	0.84	0.86
Total Current Assets	0.88	0.27	0.82	0.71	0.91	0.78	-0.96	-0.58	0.9	0.99	0.82	0.4	0.08	0.99	0.61	0.52	-0.56	0.88	-0.24	0.82	0.78		-0.24	0.8	0.65	0.64
Short Term Debt	-0.04	0.58	-0.2	0.27	-0.1	-0.09	0.44	0.26	-0.14	-0.3	0.02	0.11	0.56	-0.25	-0.25	-0.3	0.47	-0.01	0.18	0.0	-0.09	-0.24		-0.1	-0.24	-0.16
Intangible Assets	0.93	0.28	0.87	0.84	0.84	0.83	-0.74	-0.88	0.93	0.78	0.93	0.53	-0.13	0.77	0.9	0.84	-0.61	0.87	-0.61	0.94	0.83	0.8	-0.1		0.91	0.9
Common Stock	0.8	0.3	0.8	0.7	0.74	0.84	-0.6	-0.99	0.8	0.66	0.81	0.54	-0.28	0.6	1.0	0.98	-0.77	0.71	-0.79	0.79	0.84	0.65	-0.24	0.91		0.99
Property Plant Equipment	0.82	0.41	0.78	0.73	0.79	0.86	-0.56	-0.97	0.8	0.65	0.84	0.61	-0.16	0.59	0.98	0.96	-0.72	0.72	-0.74	0.8	0.86	0.64	-0.16	0.9	0.99

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OncoCyte Corp Account Relationship Matchups

OncoCyte Corp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	39.9M	55.4M	159.6M	100.1M	74.9M	49.1M
Short Long Term Debt Total	5.9M	8.6M	5.7M	3.5M	2.9M	4.1M
Other Current Liab	2.6M	5.3M	9.4M	9.2M	4.9M	4.7M
Total Current Liabilities	4.4M	9.0M	14.1M	12.1M	7.2M	7.6M
Total Stockholder Equity	30.8M	33.5M	65.2M	34.3M	25.6M	22.0M
Property Plant And Equipment Net	3.7M	6.5M	8.5M	10.9M	5.4M	3.8M
Net Debt	(16.1M)	1.5M	(29.9M)	(16.4M)	(6.6M)	(6.9M)
Retained Earnings	(93.7M)	(123.7M)	(187.8M)	(260.7M)	(289.9M)	(275.4M)
Accounts Payable	469K	432K	1.8M	1.3M	953K	621.2K
Cash	22.1M	7.1M	35.6M	20.0M	9.4M	12.8M
Non Current Assets Total	16.9M	46.2M	120.4M	74.6M	64.2M	33.5M
Non Currrent Assets Other	2.2M	1.9M	2.0M	2.1M	2.2M	1.5M
Other Assets	2.2M	2.1M	2.0M	1.0	1.15	1.09
Cash And Short Term Investments	22.5M	7.8M	36.5M	20.4M	9.4M	14.5M
Common Stock Total Equity	124.6M	157.2M	253.0M	294.9M	339.2M	356.1M
Common Stock Shares Outstanding	2.6M	3.3M	4.4M	5.5M	7.7M	8.0M
Short Term Investments	428K	379K	675K	904K	433K	0.0
Liabilities And Stockholders Equity	39.9M	55.4M	159.6M	100.1M	74.9M	49.1M
Other Current Assets	505K	1.2M	3.9M	3.1M	782K	1.1M
Other Stockholder Equity	948K	343K	37K	(5.3M)	(4.8M)	(4.5M)
Total Liab	9.0M	21.9M	94.3M	65.8M	49.3M	27.1M
Property Plant And Equipment Gross	3.7M	6.5M	8.5M	10.9M	5.4M	3.8M
Total Current Assets	23.0M	9.2M	39.1M	25.5M	10.7M	15.7M
Accumulated Other Comprehensive Income	(343K)	0.0	37K	39K	49K	51.5K
Short Term Debt	1.4M	3.2M	3.0M	1.6M	1.3M	1.7M
Common Stock	124.6M	157.2M	253.0M	294.9M	310.3M	325.8M
Property Plant Equipment	614K	3.7M	6.5M	8.5M	9.8M	10.3M
Net Tangible Assets	30.8M	9.3M	(44.7M)	(22.0M)	(19.8M)	(18.8M)
Long Term Debt	1.1M	347K	1.9M	1.5M	1.7M	905.1K
Retained Earnings Total Equity	(93.7M)	(123.7M)	(187.8M)	(260.7M)	(234.6M)	(222.9M)
Long Term Debt Total	1.4M	534K	2.0M	1.5M	1.7M	1.2M
Non Current Liabilities Total	4.6M	12.9M	80.2M	53.7M	42.1M	26.9M
Capital Lease Obligations	2.9M	4.7M	4.4M	3.5M	2.9M	2.8M
Net Invested Capital	33.9M	37.4M	66.5M	34.3M	20.5M	32.0M
Net Working Capital	18.5M	230K	25.0M	13.4M	3.5M	3.3M
Capital Stock	124.6M	157.2M	253.0M	294.9M	310.3M	222.7M

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OncoCyte Net Income vs Stock Based Compensation Analysis

Net Income vs Stock Based Compensation

Net Income vs Stock Based Compensation Correlation Analysis

Correlation Coefficient

Net Income

Stock Based Compensation

OncoCyte Corp fundamental ratios Correlations

OncoCyte Corp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

OncoCyte Corp fundamental ratios Accounts

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Additional Tools for OncoCyte Stock Analysis

COMMON DESTINATIONS

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Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Common Stock	+ 1.0	Common Stock Total Equity
Non Current Assets Total	+ 0.99	Total Assets
Cash And Short Term Investments	+ 0.99	Cash
Total Current Assets	+ 0.99	Cash
Total Current Assets	+ 0.99	Cash And Short Term Investments

Common Stock Total Equity	- 1.0	Retained Earnings
Common Stock	- 0.99	Retained Earnings
Common Stock Shares Outstanding	- 0.99	Retained Earnings
Cash	- 0.98	Net Debt
Property Plant Equipment	- 0.97	Retained Earnings
Cash And Short Term Investments	- 0.97	Net Debt