What is the cumulative net worth, and the difference between the latest net worth and the cumulative

What is Equity?

The net value of ** refers to the current value of each share that you bought, and the cumulative net value includes the value of the ** you bought** in addition to its current market value plus the dividends per share** plus the value of one piece. If you want to redeem, you should look at its net value rather than the cumulative net value, **growth is to see its net value today and the ** per share when you bought it or the day before yesterday to compare, if it is higher than when you bought it, it means that now you have bought ** up.

**Knowledge: Unit Net Value and Cumulative Net Value.

1. Investor asks: What are the unit net value and cumulative net value? How do you use these two values to rate a **?

Invesco Great Wall ManagementA: The net asset value is the balance of the total market value of the assets after deducting the liabilities at a certain point in time, which represents the equity of the holders. The net asset value of the unit, that is, the net value of the asset represented by each unit.

Net asset value of units (total assets and total liabilities) Total number of units, where total assets refer to all assets owned by **, including **, bonds, bank deposits and other valuable**; Total liabilities refer to the liabilities formed during the operation and financing, including various expenses payable to others, interest payable on funds, etc.; Total Units refers to the total number of Units outstanding at that time.

Cumulative unit net value Unit net value **Cumulative unit dividend amount after establishment**The level of net value is not the main basis for choosing**, **The future growth of net value is the key to judging the investment value. In addition to the influence of the manager's management ability, the level of net worth is also affected by many other factors.

If it has been established for a long time, or has grown rapidly since its establishment, the net value of ** will naturally be relatively high; If the establishment time of ** is short, or the time of entry is not good, it may make the net value of ** relatively low. Therefore, if you only use the current net worth as the criterion for whether to buy, you will often make the wrong decision. Buying ** or looking at the future growth of net worth is the right investment policy.

The cumulative net value, which is also the historical net value, is the income since the issuance of the **.

The latest net value refers to the ** after the market closes on the same day.

Specifically: The net unit value is the current total net worth divided by the total share, and the cumulative net value per unit is the net value of the unit + (the total amount of all dividends and dividends in history divided by the total share).

The net unit value is the data that reflects the current asset status, and the cumulative net unit value is the number that reflects the overall income of the asset since its inception.

To put it simply, it is the net value since the issuance of the **, because there have been dividends and splits in the middle, so there will be the current net value and cumulative net value!

**The difference between the cumulative net value and the unit net value is as follows:

1.Different definitions Net unit value refers to the value of a unit on a given day, i.e., on that day; The cumulative net value is the cumulative daily increase or decrease since its establishment.

2.Different formulas for calculating **Net value per unit.

**Total assets.

Liabilities) Total shares; Cumulative net unit value = net unit value + cumulative dividend amount each time since its establishment.

After the account is opened, you can directly enter ** or the initial letter like buying**. On-site**.

It's an ETF. The risk of buying an ETF is less than **, and there is no stamp duty to pay when selling an ETF.

Floor Trading** refers to being on an exchange.

Listed for trading, so the exchange can only be traded on an exchange's account.

Extended information: 1. Account opening refers to the account books set up by the registration and clearing institution for investors to accurately record the type, name, quantity, corresponding rights and interests and changes of their holdings. It is an important document to identify the identity of shareholders, has the legal effect of proving the identity of shareholders, and is also a prerequisite for investors to conduct ** transactions. Natural persons and legal persons can open ** accounts of different types and purposes.

2. The same entity can open more than one ** account. Generally, the first account opening network recommends investors to open Shanghai A-share accounts and Shenzhen A-share accounts; Investors hold Hong Kong dollars.

If you make a ** investment, you should open a Shenzhen B-share account; Investors who hold US dollars for ** investment should open a Shanghai Da Shi Chi B share account; For investors who have opened an A-share account, CSDCT has allowed them to invest in the ** without opening an ** account.

3. Domestic** is divided into A shares and B shares. Hong Kong English: Hong Kong, so Hong Kong's ** is called H shares.

A shares and B shares are only traded in domestic ** companies. Each country has its own country. Only if the corresponding ** institution opens an account, the relevant rolling baggage** can be traded.

If the investor needs to cancel the number due to special circumstances, he can go to the ** company to cancel the number. When going through the cancellation procedure, he must go in person. When a natural person applies for cancellation, he or she must bring a valid certificate to the account opening point to fill in the "** Cancellation Application Form".

If you are careful, you will find that some ** unit net value and cumulative net value are not the same, and some are exactly the same.

The same**, if you study carefully, you will find that this kind of ** has no record of dividends and splits.

To give a simple example, now that the net value has risen to yuan, the manager decided to give everyone dividends, and each share will pay dividends, and then the money will be disbursed, and this ** will not have so many assets as before, and the net value will drop to 1 yuan, which is the net value of the unit.

If there is no dividend before, it has been converted, and the yuan is the accumulated net value.

Then it rose by 5 points the next day, and the net value is, and the cumulative net value is when you see a **suddenly**, or a sudden surge, and the income is more strange, you can take a look at the cumulative net value, and you can see the actual net value of **.

The cumulative net value is the sum of the net unit value and the cumulative unit dividend amount since the establishment of the **, and the lease key reflects the data of all the income of the ** since its inception. The cumulative net value refers to the sum of the latest net value and the dividend performance since its establishment, which reflects the cumulative income obtained since its inception (minus the face value of one yuan is the actual income), which can more intuitively and comprehensively reflect the historical performance of the company during the operation period, and can more accurately reflect the real performance level of the company in combination with the operation time.

What is Accrued Equity? **What does the cumulative net worth do?

Net worth can help us analyze the advantages and disadvantages of the app, but the most important thing to buy is to look at the cumulative net worth. Let's tell you what the cumulative net value does.

The cumulative net value of the unit is the sum of the net value of the unit and the amount of the accumulated dividend paid per unit since its inception, and it reflects the data of all the returns of the unit since its inception.

**What is the purpose of the accumulated net worth?

The cumulative net value is actually a reference value, which can reflect the cumulative income achieved since its establishment, and can more intuitively and comprehensively reflect the historical performance of the company during its operation. Investors can combine the operating hours of ** to find out the true performance level of ** more accurately.

Generally speaking, the higher the cumulative net worth, the better the performance. The latest net value is only to provide a real-time transaction reference, although it has a certain reference significance, but investors can not only look at the latest net value when choosing **, do not "greedy cheap"; Dividends can reflect the profitability of the company to a certain extent, but it mainly reflects the ability to realize the income of the company, and the dividend performance can actually be reflected through the cumulative net value, therefore, from the perspective of investors to compare the performance, the cumulative net value should be a more important indicator than the latest net value and dividends.

The relatively high net worth may be due to the fact that the company has been established for a considerable period of time, or has grown rapidly since its establishment; If the establishment time of ** is short, or the time of entry is not good, it may make the net value of ** relatively low. Therefore, there are still various conditions that need to be taken into account when purchasing**.

**Net value generally refers to the net value of the unit, generally speaking, the net value of the unit is the sum of the value of **holding**, warrants, bonds, cash, notes, etc. on the day after the close of the market every day on the trading day, and divides the total share of the day to get the net value of the unit on the day.

For example, if the total asset value is 200 million on a certain day, and the total share of ** on that day is 100 million, the net value of the unit is 2 yuan. Generally speaking, the net value of the unit fluctuates from day to day, as the total value of assets and the total share fluctuate randomly.

The cumulative net value is the net value of the ** since the establishment of the issuance, including dividends, split shares, etc.

If a ** has not been divided into dividends since its issuance, the share will be split, and the net value of the unit will be equal to the cumulative net value. Otherwise, the cumulative net value is generally greater than the unit net value.

For example, the unit net value is **, which determines the dividend of each share. After the dividends are ex-rights, the ** unit net value is RMB, and the cumulative net value is RMB (each share of RMB is converted into cash into the investor's account).

In the unit net value of 2 yuan**, it is decided to split the share according to the ratio of 1:1, after the split** unit net value is yuan, and the cumulative net value is yuan (the share of the investor's account ** is increased by 1 time, and the original holding of 1000 points becomes 2000 shares, keeping the total assets unchanged).

Generally speaking, the higher the unit net value and the cumulative net value, the better, which reflects the profitability of ** to a certain extent. However, it cannot be generalized, because it is also necessary to consider the length of time and the market environment.

For example, many of the first ones that have just been established are loss-making, and now they are only yuan, and those with a cumulative net value of several yuan have been established for several years and experienced the 2006-2007 bull market. Can you compare.

In this year, the ** established around 2200 points is a positive return, and the ** established at 4,5000 points in 07-08 years has a cumulative net value of only 5,6 cents, which can be compared.

Net worth can also be called net asset value per unit, which is the true value of each share, which is the ratio of total assets to total shares after deducting expenses, and the unit is yuan. **Equity is the net value used in the transaction, whether it is subscription, redemption, conversion and other transactions, it is processed with this net value.

The cumulative net value is the sum of the net unit value and the accumulated dividends since its inception.

Such as the unit net value and cumulative net value of the Harvest strategy:

and the ** historical dividends:

The net value of the unit is RMB, and how this figure is added to the past dividends is exactly equal to the cumulative net value of RMB.

Dividends will lead to **unit net value**, for example, the net value of a ** is 2 yuan, and the dividend is 7 yuan per 10 dividends (each dividend yuan), then after the dividend, excluding the impact of the market on the day of the dividend, then the net value of the ** should be yuan.

It can be seen that dividends will lead to net worth**, which is why dividends themselves will not produce income, although dividends are obtained, but the **net worth** held, the sum of positive and negative is equal to 0.

Since dividends will lead to net worth, a cumulative net value is used to reflect the overall income from the beginning to the present.

The actual accumulated net value is useless and is only used as a reference.

It is also not recommended to use the cumulative net value as the standard for comparison. Because the establishment time is different, the market position at the time of establishment is also different, so it is normal for most of the old ** to be higher than the new ** cumulative net worth, and some ** Although they were established earlier, the cumulative net value is lower, which is also normal.

There are broad and narrow senses, and in a broad sense, it refers to a certain amount of funds that are set up for a certain purpose. For example, trust investment**, unit trust**, provident fund, insurance**, retirement**, all kinds of **will**. In the existing market, both closed and open-ended, with profitable features and value-added potential.

From an accounting perspective, ** is a narrow concept that refers to funds with a specific purpose and use. Because the investors of ** and public institutions do not require investment returns and investment returns, but require the funds to be used for specified purposes in accordance with the law or the wishes of the investors, and ** is formed.

The cumulative net value refers to the sum of the latest net value and the dividend performance since its establishment, which reflects the cumulative income obtained since its inception (minus the face value of one yuan is the actual income), which can more intuitively and comprehensively reflect the historical performance of the company during the operation period, and can more accurately reflect the real performance level of the company in combination with the operation time.

There's no such thing as the latest net worth, but you're talking about the unit net value.

Net asset value of units (total assets and total liabilities) Total number of units, where total assets refer to all assets owned by **, including **, bonds, bank deposits and other valuable**; Total liabilities refer to the liabilities formed during the operation and financing, including various expenses payable to others, interest payable on funds, etc.; Total Units refers to the total number of Units outstanding at that time.