The market fluctuation of the fund depends on the rise and fall of the net value, but the rise and fall of the market is dominated by various short-term, medium-term and long-term factors, and you can't judge it just by looking at it.

Many things can't be traced back to the cause until several years later, and there are still misjudgments.

For example, 1987' s U.S. stock market plummeted, and what exactly caused the plunge has not yet been clarified.

This phenomenon was well known at that time, but the root cause was unknown. I don't know why now. Everyone is speculating, and there are various opinions.

Therefore, it is enough to take precautions against risks. There is no need to judge the market situation. Following the market is the only way to solve this problem.