Z-Axis Offset

I have been doing a lot of research, and have not been able to definitively find an answer to what I feel should be a simple question. I know that there is a command in the g-code in the printer that adjusts this based on the plate type. That command is, by default for the Textured PEI plate:

G29.1 Z{-0.04}

Here is my question. My understanding of this is that a positive (+) number inside the brackets moves the nozzle further away from the print bed, a negative (-) number inside the brackets moves the nozzle closer to the print bed, and the numerical value is in mm (in this case, 0.04mm).

Do I have this correct, or do I have the +/- backwards? Of course, I’m looking into this so that I can make the adjustment for PETG which, from what I understand, prefers to be laid down instead of squished down.

Thank you in advance to this great community!

Yes the more positive the number, the further the nozzle is from the plate.