The most widely accepted method of monitoring the fetal heart rate and uterine activity of the mother is using Cardiotocograph (CTG). It simultaneously captures these two signals and correlate them to find the status of the fetus. This method is preferred by obstetricians since it is non-invasive as well as cost-effective. Though used widely, the specificity and predictive precision has not been undisputable. The main reason behind this is due to the contradiction in clinicians opinions. The two main components of CTG are Baseline and Variability which provide a thorough idea about the state of the fetal-health when CTG signals are inspected visually. These parameters are indicative of the oxygen saturation level in the fetal blood. Automated detection and analysis of these parameters is necessary for early and accurate detection of hypoxia, thus avoiding further compromise. Results of the proposed algorithm were compared with the visual assessment performed by three clinicians in this field using various statistical techniques like Confidence Interval (CI), paired sample t-test and Bland-Altman plot. The agreement between the proposed method and the clinicians’ evaluation is strong.