Clarifying status() vs. latestStatus()

[iuriemalai]

$model->status()
The documentation states that this returns the latest (most recent) status of the model. If no status exists, it returns null.

$model->latestStatus()
The documentation states that this is equivalent to $model->status(), meaning it also returns the latest status (most recent?).

So, does this mean that passing a status name to $model->latestStatus() ($model->latestStatus('pending')), it retrieves the most recent occurrence of that specific status, even if it's not the most recent/current one?