The Battery Health is going to decline on average over longer periods at about 1% for every 25 Charge Cycles.
So, 290 Charge Cycles divided by 25 + 11.6%.
100% - 11.6% = 88.4%.
If your battery is now at 92%, you are doing better than expected. You should be very pleased with the performance for your battery. I wish mine was doing as well as yours.
The battery decline is not linear or constant. The battery might go 2-3 months and not decline at all, then drop 3% the next month. My battery stayed the same for almost 4 months, then dropped 4% the following month. Things all average out over time.
The best thing that you can do for the battery is basically ignore the settings. You will drive yourself crazy if you are checking the battery numbers all the time.