View path of Alipay's fund valuation area: Alipay → wealth management → fund → index traffic lights. This fund valuation area can only look at the valuation of the index, which reflects the valuation of the corresponding index fund and has certain reference significance.

However, it does not mean that the low-valued index will definitely rise, and the high-valued index will definitely fall. This will fall into the valuation trap. Valuation must be combined with growth rate. Only when the growth rate is greater than the valuation, investors need to focus on it, which contains certain opportunities.