https://transcare.ucsf.edu/article/information-estrogen-hormone-therapy

While gender affirming hormone therapy usually results in an improvement in mood, some people may experience mood swings or a worsening of anxiety, depression, or other mental health conditions as a result of the shifts associated with starting a second puberty. If you have any mental health conditions it is recommended you remain in discussion with a mental health providers as you begin hormone therapy.

Jim has had a long, long history of mental health issues like anxiety and depression.

HRT can mess up with your mental state, which thus affects production value.