Yes, this will provide and account for elevation of the target and angles. Here is the manual that will provide detailed information on the modes and features of this range finder:
https://vortexoptics.widen.net/view/pdf/bn5tb5ejc8/VTX_M-00245-0_RZR_HD-4000_RF_P_PM_WEB.pdf?t.download=true&u=ymrkrm&x.share=t