As of June 26, 2026
Total performance since Sept. 2012
Avg. performance per year
Annual alpha compared to MSCI World
“Flexible like an umbrella” describes the core idea behind the UMBRELLA strategy.
The UMBRELLA strategy was developed to assess stocks through various market phases—regardless of whether markets are rising, falling, or moving sideways.
Strategic Allocation
Long-term oriented positioning based on macro trends, industry development, and fundamental data.
Tactical Adjustment
Short-term optimization through ongoing market monitoring, news flow, and technical chart signals.
The goal of the UMBRELLA strategy
Identifying risks and seizing opportunities. The decision-making basis is a continuous process influenced by geopolitical developments, sector analyses, company data, market sentiment, and technical analysis.
A key aspect is continuous adaptation and adjustment
“Change is the only constant”—factors such as political events, sector rotations, company news, market sentiment, and chart patterns are taken into account.
Updates play an important role in this:
They reflect new insights from research and market observation, ensuring that individual decisions can be made based on the most current information. This requires ongoing re-evaluation. The UMBRELLA strategy is an active, learning, and adaptable model for forming one’s own opinion.
Target Audience: Readers interested in capital markets
The content and contextual assessments on MUMAK are therefore primarily aimed at readers interested in capital markets and those with expert knowledge who wish to delve deeper into market mechanisms, investment strategies, and economic correlations.
Valuation Analyses, Industry Analyses, Earnings Analyses, and Company Analyses
MUMAK stands for “Meine UMbrella AKtien” and is an online financial journal that aims to provide well-founded stock analysis.
The goal is to make the background and methodology of the UMBRELLA Strategy understandable. The content should be explained in a simple, financial journalistic manner, using various approaches, and presented comprehensibly.
MUMAK – financial journalism with a track record.
This combination is intended to provide a nuanced view of opportunities and risks within the stock market. This can provide a foundation for your own decision-making processes.
MUMAK is being built and constantly further developed by Richard Dobetsberger and Lina Mosentseva.
Richard Dobetsberger developed the Umbrella strategy, a structured approach that combines geopolitical developments, fundamental data, market sentiment, and technical analysis. This combination of scientific methodology, geopolitical thinking, and capital market practice forms the foundation.
Lina Mosentseva has been involved with stock markets, social trading, and financial analysis for over ten years. She combines classical company analysis with modern digital financial communication and ensures that complex market developments are presented in an understandable way.
Together, they combine analytical depth with structured preparation – with the aim of making developments in the stock market comprehensible.
