This disclosure relates to systems and methods for performing an autonomous procedure for monitoring and diagnostics of a machine using electrical signature analysis. In one embodiment of the disclosure, a method includes providing electrical data of an electrical rotating machine associated with at least one fault frequency. While in a learning mode, the method includes converting the electrical data from a time domain to a frequency domain to obtain baseline data. While in an operational mode, the method includes converting the electrical data from the time domain to the frequency domain to obtain monitoring data. The method further includes determining, based at least on the monitoring data, a ratio value at the fault frequency, determining a rate of change of the ratio value at the fault frequency, and, optionally, issuing, based on the rate of change, an alarm concerning at least one event of the electrical rotating machine.