To answer more from a logistical standpoint, LPD is measured...

To answer more from a logistical standpoint, LPD is measured under their Quantitative system which uses algorithms which take into account various factors like peer performance (and likely SP performance and other stuff). If lithium industry is up, we are up. If our "peers" are up, so are we (idk how to define this and i cbf looking because i dont place much weight in morningstar). Its likely that our SP performance reduces their "uncertainty" characteristic too but idk for sure what is in their algorithms. Basically we aren't being analysed by a person which is why you're seeing these frequent changes based on no FA.

From the website:
"Morningstar Quantitative ratings for equities (denoted on this page by) are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating"