Corcept Free Cash Flow vs Net Income Analysis

CORT Stock

USD 31.93 1.38 4.14%

Corcept Therapeutics financial indicator trend analysis is way more than just evaluating Corcept Therapeutics prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Corcept Therapeutics is a good investment. Please check the relationship between Corcept Therapeutics Free Cash Flow and its Net Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Corcept Therapeutics Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Free Cash Flow vs Net Income

Free Cash Flow vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Corcept Therapeutics Free Cash Flow account and Net Income. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Corcept Therapeutics' Free Cash Flow and Net Income is 0.93. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Net Income in the same time period over historical financial statements of Corcept Therapeutics Incorporated, assuming nothing else is changed. The correlation between historical values of Corcept Therapeutics' Free Cash Flow and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Corcept Therapeutics Incorporated are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Free Cash Flow i.e., Corcept Therapeutics' Free Cash Flow and Net Income go up and down completely randomly.

Correlation Coefficient

0.93

Relationship Direction	Positive
Relationship Strength	Very Strong

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Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Net Income

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

Most indicators from Corcept Therapeutics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Corcept Therapeutics 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Corcept Therapeutics Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Selling General Administrative is likely to gain to about 193.1 M in 2024. Tax Provision is likely to gain to about 19.3 M in 2024

	2021	2022	2023	2024 (projected)
Other Operating Expenses	241.5M	289.2M	375.1M	393.8M
Research Development	113.9M	131.0M	184.4M	193.6M

Other Operating Expenses Research Development

Corcept Therapeutics fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Accounts Payable	Cash	Other Current Assets	Total Liab	Common Stock	Property Plant Equipment	Total Stockholder Equity	Other Assets	Common Stock Shares Outstanding	Other Stockholder Equity	Short Term Investments	Short Long Term Debt Total	Property Plant And Equipment Net	Net Debt	Retained Earnings	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Total Equity	Non Current Liabilities Total	Property Plant And Equipment Gross	Total Current Assets	Current Deferred Revenue
Total Assets		0.32	0.75	0.93	0.74	0.86	0.82	0.5	0.98	1.0	0.85	0.4	-0.16	0.93	-0.57	0.51	-0.76	0.9	0.86	0.96	0.97	0.52	0.03	0.46	0.99	0.91
Other Current Liab	0.32		0.34	0.24	0.5	0.16	0.15	0.34	0.27	0.34	0.44	0.3	0.14	0.49	-0.18	0.36	-0.5	0.22	0.23	0.36	0.34	0.28	-0.41	0.25	0.33	0.38
Total Current Liabilities	0.75	0.34		0.87	0.19	0.92	0.91	0.32	0.81	0.7	0.75	0.17	-0.36	0.6	-0.31	0.11	-0.22	0.75	0.91	0.69	0.6	0.36	-0.37	0.0	0.66	0.65
Accounts Payable	0.93	0.24	0.87		0.48	0.93	0.89	0.43	0.94	0.91	0.89	0.33	-0.23	0.79	-0.57	0.3	-0.51	0.87	0.97	0.83	0.83	0.47	-0.08	0.24	0.87	0.87
Cash	0.74	0.5	0.19	0.48		0.33	0.31	0.55	0.64	0.78	0.52	0.53	0.23	0.87	-0.4	0.74	-1.0	0.54	0.31	0.77	0.86	0.52	0.23	0.73	0.82	0.69
Other Current Assets	0.86	0.16	0.92	0.93	0.33		0.95	0.31	0.91	0.82	0.78	0.16	-0.47	0.68	-0.49	0.11	-0.36	0.91	0.94	0.83	0.75	0.36	-0.1	0.03	0.8	0.74
Total Liab	0.82	0.15	0.91	0.89	0.31	0.95		0.43	0.88	0.76	0.68	0.27	-0.32	0.64	-0.35	0.13	-0.34	0.8	0.88	0.83	0.72	0.48	0.0	0.05	0.76	0.65
Common Stock	0.5	0.34	0.32	0.43	0.55	0.31	0.43		0.44	0.48	0.33	0.97	0.54	0.47	0.12	0.36	-0.53	0.18	0.33	0.56	0.51	0.99	0.16	0.33	0.51	0.5
Property Plant Equipment	0.98	0.27	0.81	0.94	0.64	0.91	0.88	0.44		0.97	0.83	0.31	-0.24	0.9	-0.53	0.44	-0.67	0.92	0.88	0.94	0.94	0.47	0.01	0.39	0.96	0.86
Total Stockholder Equity	1.0	0.34	0.7	0.91	0.78	0.82	0.76	0.48	0.97		0.86	0.39	-0.15	0.95	-0.59	0.56	-0.8	0.9	0.82	0.94	0.98	0.5	0.02	0.51	0.99	0.93
Other Assets	0.85	0.44	0.75	0.89	0.52	0.78	0.68	0.33	0.83	0.86		0.29	-0.18	0.77	-0.6	0.39	-0.55	0.79	0.91	0.74	0.76	0.36	-0.35	0.3	0.79	0.95
Common Stock Shares Outstanding	0.4	0.3	0.17	0.33	0.53	0.16	0.27	0.97	0.31	0.39	0.29		0.69	0.39	0.19	0.4	-0.5	0.03	0.24	0.44	0.42	0.94	0.13	0.37	0.41	0.48
Other Stockholder Equity	-0.16	0.14	-0.36	-0.23	0.23	-0.47	-0.32	0.54	-0.24	-0.15	-0.18	0.69		-0.01	0.5	0.42	-0.19	-0.57	-0.32	-0.17	-0.08	0.49	0.06	0.46	-0.12	-0.04
Short Term Investments	0.93	0.49	0.6	0.79	0.87	0.68	0.64	0.47	0.9	0.95	0.77	0.39	-0.01		-0.51	0.69	-0.89	0.79	0.68	0.9	0.97	0.47	0.01	0.65	0.96	0.84
Short Long Term Debt Total	-0.57	-0.18	-0.31	-0.57	-0.4	-0.49	-0.35	0.12	-0.53	-0.59	-0.6	0.19	0.5	-0.51		-0.21	0.45	-0.71	-0.52	-0.49	-0.55	0.09	-0.16	-0.17	-0.55	-0.56
Property Plant And Equipment Net	0.51	0.36	0.11	0.3	0.74	0.11	0.13	0.36	0.44	0.56	0.39	0.4	0.42	0.69	-0.21		-0.73	0.26	0.2	0.47	0.61	0.33	-0.03	0.98	0.58	0.52
Net Debt	-0.76	-0.5	-0.22	-0.51	-1.0	-0.36	-0.34	-0.53	-0.67	-0.8	-0.55	-0.5	-0.19	-0.89	0.45	-0.73		-0.58	-0.35	-0.79	-0.88	-0.49	-0.22	-0.72	-0.84	-0.71
Retained Earnings	0.9	0.22	0.75	0.87	0.54	0.91	0.8	0.18	0.92	0.9	0.79	0.03	-0.57	0.79	-0.71	0.26	-0.58		0.83	0.87	0.85	0.22	0.01	0.2	0.88	0.79
Non Current Assets Total	0.86	0.23	0.91	0.97	0.31	0.94	0.88	0.33	0.88	0.82	0.91	0.24	-0.32	0.68	-0.52	0.2	-0.35	0.83		0.75	0.72	0.39	-0.26	0.12	0.77	0.85
Non Currrent Assets Other	0.96	0.36	0.69	0.83	0.77	0.83	0.83	0.56	0.94	0.94	0.74	0.44	-0.17	0.9	-0.49	0.47	-0.79	0.87	0.75		0.96	0.57	0.15	0.41	0.96	0.83
Cash And Short Term Investments	0.97	0.34	0.6	0.83	0.86	0.75	0.72	0.51	0.94	0.98	0.76	0.42	-0.08	0.97	-0.55	0.61	-0.88	0.85	0.72	0.96		0.52	0.14	0.58	1.0	0.86
Common Stock Total Equity	0.52	0.28	0.36	0.47	0.52	0.36	0.48	0.99	0.47	0.5	0.36	0.94	0.49	0.47	0.09	0.33	-0.49	0.22	0.39	0.57	0.52		0.15	0.31	0.53	0.52
Non Current Liabilities Total	0.03	-0.41	-0.37	-0.08	0.23	-0.1	0.0	0.16	0.01	0.02	-0.35	0.13	0.06	0.01	-0.16	-0.03	-0.22	0.01	-0.26	0.15	0.14	0.15		0.06	0.1	-0.16
Property Plant And Equipment Gross	0.46	0.25	0.0	0.24	0.73	0.03	0.05	0.33	0.39	0.51	0.3	0.37	0.46	0.65	-0.17	0.98	-0.72	0.2	0.12	0.41	0.58	0.31	0.06		0.53	0.45
Total Current Assets	0.99	0.33	0.66	0.87	0.82	0.8	0.76	0.51	0.96	0.99	0.79	0.41	-0.12	0.96	-0.55	0.58	-0.84	0.88	0.77	0.96	1.0	0.53	0.1	0.53		0.89
Current Deferred Revenue	0.91	0.38	0.65	0.87	0.69	0.74	0.65	0.5	0.86	0.93	0.95	0.48	-0.04	0.84	-0.56	0.52	-0.71	0.79	0.85	0.83	0.86	0.52	-0.16	0.45	0.89

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Corcept Therapeutics Account Relationship Matchups

Corcept Therapeutics fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	412.3M	571.7M	423.8M	583.4M	621.5M	652.6M
Other Current Liab	30.1M	(2.1M)	(526K)	68.5M	654K	621.3K
Total Current Liabilities	41.1M	10.6M	6.9M	81.6M	104.5M	109.7M
Accounts Payable	7.5M	10.6M	6.9M	12.0M	17.4M	18.3M
Cash	315.3M	476.9M	335.8M	436.6M	135.6M	116.6M
Other Current Assets	6.0M	6.7M	10.3M	16.4M	27.6M	28.9M
Total Liab	41.1M	48.4M	48.0M	81.6M	114.8M	120.6M
Common Stock	120K	122K	127K	131K	133K	85.9K
Property Plant Equipment	1.1M	1.7M	1.0M	1.8M	2.0M	2.1M
Total Stockholder Equity	371.2M	523.3M	375.8M	501.8M	506.7M	532.0M
Other Assets	61.1M	52.9M	43.5M	77.5M	89.1M	93.5M
Common Stock Shares Outstanding	122.6M	124.2M	126.0M	116.0M	111.7M	83.1M
Liabilities And Stockholders Equity	412.3M	571.7M	423.8M	583.4M	621.5M	652.6M
Other Stockholder Equity	394.4M	440.3M	180.9M	206.2M	103.4M	98.3M
Short Term Investments	244.7M	364.5M	145.9M	365.3M	232.7M	244.3M
Property Plant And Equipment Net	3.4M	2.5M	514K	1.1M	315K	559.2K
Net Debt	(311.9M)	(474.3M)	(335.3M)	(435.5M)	(135.4M)	(142.2M)
Retained Earnings	(23.6M)	82.5M	195.0M	296.4M	402.5M	422.7M
Non Current Assets Total	59.7M	47.5M	42.4M	84.7M	162.9M	171.0M
Non Currrent Assets Other	10.5M	13.4M	14.4M	17.2M	14.8M	15.5M
Cash And Short Term Investments	315.3M	476.9M	335.8M	436.6M	368.2M	386.6M
Common Stock Total Equity	117K	120K	122K	127K	146.1K	87.7K
Non Current Liabilities Total	1.9M	37.8M	41.0M	9.1M	10.3M	12.7M
Property Plant And Equipment Gross	4.5M	4.2M	514K	1.1M	315K	299.3K
Total Current Assets	352.6M	524.2M	381.4M	498.7M	458.6M	481.6M
Accumulated Other Comprehensive Income	261K	415K	(227K)	(869K)	609K	639.5K
Net Tangible Assets	371.2M	523.3M	375.8M	501.8M	577.1M	606.0M
Retained Earnings Total Equity	(117.7M)	(23.6M)	82.5M	195.0M	224.2M	235.4M
Capital Surpluse	417.2M	457.1M	516.1M	591.3M	680.1M	426.4M
Inventory	17.4M	21.2M	18.0M	17.0M	7.7M	9.6M
Net Receivables	19.9M	26.2M	27.6M	45.1M	55.1M	57.9M
Net Invested Capital	371.2M	523.3M	375.8M	501.8M	506.7M	431.5M
Long Term Investments	39.4M	36.2M	112.3M	4.9M	57.2M	41.7M

Pair Trading with Corcept Therapeutics

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Corcept Therapeutics position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Corcept Therapeutics will appreciate offsetting losses from the drop in the long position's value.

Moving against Corcept Stock

0.8	TOVX	Theriva Biologics	Pair Corr
0.78	PRGO	Perrigo Company Buyout Trend	Pair Corr
0.66	ATXI	Avenue Therapeutics	Pair Corr
0.51	ANVS	Annovis Bio Earnings Call Today	Pair Corr
0.43	NEO	NeoGenomics	Pair Corr

The ability to find closely correlated positions to Corcept Therapeutics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Corcept Therapeutics when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Corcept Therapeutics - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Corcept Therapeutics Incorporated to buy it.

The correlation of Corcept Therapeutics is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Corcept Therapeutics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Corcept Therapeutics moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Corcept Therapeutics can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Corcept Stock Analysis

When running Corcept Therapeutics' price analysis, check to measure Corcept Therapeutics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Corcept Therapeutics is operating at the current time. Most of Corcept Therapeutics' value examination focuses on studying past and present price action to predict the probability of Corcept Therapeutics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Corcept Therapeutics' price. Additionally, you may evaluate how the addition of Corcept Therapeutics to your portfolios can decrease your overall portfolio volatility.

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