The high valuation of the fund only shows that the fund has a bubble and the investment value is low, which does not mean that the fund is up or down. The rise and fall of the fund is determined by the investment target. If the investment target goes up, the fund goes up, and the investment target goes down, then the fund goes down.

Fund valuation is to estimate the assets and liabilities of the fund according to the price of each trading day. The high valuation of the fund shows that the fund has a bubble, high investment risk and high probability of loss. The low valuation of the fund shows that the fund has investment value and high profit probability.