Fund valuation is actually to predict the net value of the fund announced on the same day.

The net value of the fund can only be calculated after the closing of the trading day, but the valuation of the fund is different. Fund valuation is the same as stocks, and the data is updated in real time during trading.

The algorithm of fund valuation is complicated. The valuation platform will build a valuation model and calculate the valuation of the fund according to the annual report, semi-annual report, quarterly report, industry information, stock position ratio and other factors regularly published by the fund.

Because each platform uses different algorithms, the estimated data will be different. Moreover, since it is an estimate, the data is not completely accurate, and there are limitations in selecting funds simply by fund valuation.

In addition, there is a time lag in fund valuation. Quarterly, semi-annual and annual reports are published regularly, and most of them are more than half a month late, so the time is not timely. If the fund manager switches positions and shares at this time, these changes will reduce the accuracy of the data.

However, for index funds and ETF funds with relatively stable number and proportion of fund positions, the degree of fund valuation deviation will also be reduced.

Therefore, the valuation and net value are for reference only, not as the basis for selecting the base. If it is found that the valuation and net value of the fund are always far apart for a period of time, it means that the valuation data is inaccurate, and the reference significance at this time is of little significance.

In other words, you can't speculate on funds like stock trading, and see whether a fund is worth investing, but also combine the investment direction of the fund, the strength of the fund manager, the market environment and so on.

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The question is, since net worth and valuation are two different things, and both have their own limitations, how can we refer to the two data?

1. Determine trading opportunities according to the valuation.

After you choose the fund to invest in, you can observe the valuation of the fund to determine the time node of buying and selling.

When the valuation falls and the price is cheap, you can seize the opportunity to buy and subscribe; When the valuation rises sharply and the price is expensive, you can consider selling the redemption fund.

2. Observe whether the fund manager has changed positions through the change of valuation.

If the intraday valuation has been little different from the actual net value, it can be inferred that the fund position has not changed much. If there is a big difference between the intraday valuation and the actual net value, it means that the fund manager may have adjusted the position.

Take chestnuts for example. A fund held a heavy position in technology stocks at the end of last quarter. When technology stocks plummeted, the net value of the fund changed little, so it can be inferred that the fund manager greatly reduced the position of technology stocks.

Generally speaking, the reference value of fund valuation will be relatively high for a period of time after the publication of quarterly, semi-annual and annual reports.