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Whether the fund goes up or down depends on the net value or valuation of the day.
The rise and fall of the fund depends on the net value of the day, and the net value represents the price of the fund. Fund net value goes up, fund goes up, fund goes down, fund goes down. The net value of the fund depends on the estimated net value.

The main purpose of fund valuation is to analyze whether the fund has investment value. When the fund is overvalued, it shows that there is a bubble in the fund, the investment risk is high, and the probability of loss is greater. When the valuation of the fund is low, it shows that the fund has investment value and the probability of profit is high.